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Torque Sensor Market by Type (Dynamic Torque Sensor and Static Torque Sensor) and Application (Automotive, Industrial, Aerospace & Defense, HealthCare, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.

A06075
Pages: 200
Mar 2020 | 2042 Views
 
Author(s) : Asavari & Monica Chhabra , Vineet Kumar
Tables: 77
Charts: 57
 

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Torque Sensor Market Outlook - 2026

The global torque sensor market size was valued at $8.39 billion in 2018 and is estimated to reach $16.82 billion by 2026, registering a CAGR of 7.7% from 2019 to 2026. A torque sensor, also known as torque transducer or torque meter, is a device that measures and records the torque, i.e., force on a rotating system, such as an engine, crankshaft, gearbox, transmission, rotor, a bicycle crank, or cap torque tester. 

A torque sensor is a transducer that converts a mechanical input into an electrical output signal. There are two types of torque sensor namely, dynamic torque sensor and static torque sensor. A reaction torque sensor measures static torque, and rotary measures dynamic torque. Torque measurements are critical to process control and monitoring.

Torque Sensor Market

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The growth of the torque sensor market is driven by substantial growth in the demand for high performance vehicles, increase in penetration of EPS in passenger vehicles, and surge in demand for new measurement technologies. However, high installation cost is expected to restrain the growth of the torque sensor market. Furthermore, emerging application of torque sensor in healthcare vertical and evolution in the use of torque sensor in industrial application offer lucrative opportunities for the torque sensor market growth.

There are various applications that require repeatable and accurate torque measurements such as tightening torque of threaded fasteners, motor output horsepower measurement, and industrial automation processes. Torque meter or Torque transducer performs an extremely vital role in ensuring torque is measured accurately. This ensures the integrity of safety. 

For instance, within the automotive industry in particular, incorrectly tightened fasteners will produce joint failures and damage to a manufacturers reputation. If cars interior trim panel screw was failed, the result would be a quality issue and lead to disappointment to both customers and manufacturers. If a seat belt bolt or wheel nut was failed, a safety issue arises and the end result could mean end-user injury or even a fatality. So, it is very necessary to have correct and reliable torque sensor.

The torque sensors are widely used in various industries and automotive applications, where reliability of the connection is a very important concern. Further, the industrial torque sensor provides reliability of operation in harsh environments.

Torque Sensor Market
By Type

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Dynamic Torque Sensor segment would exhibit the highest CAGR of 9.3% during 2019-2026

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Segmentation

The torque sensor market is segmented on the basis of type, application, and region. On the basis of type, the market is bifurcated into dynamic torque sensor and static torque sensor. These dynamic torque sensors are sub-segmented into rotary torque sensor and Non-contacting torque sensor. 

Torque Sensor Market
By Application

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Automotive segment is expected to secure a leading position during the forecast period

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Applications covered in the study include automotive, industrial, aerospace & defense, healthcare, and others (agriculture, mining, and test & measurement). Based on region, the torque sensor market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Torque Sensor Market
By Geography

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region holds a dominant position in 2018 and is expected to grow at a highest rate of 8.8% during the forecast period

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The key market players profiled in the report include ABB Ltd., Honeywell International corporation, Infineon Technologies, Kistler Group, Sensor Technology, PCB Piezotronics, Crane Electronics, Datum Electronics, Futek Advanced Sensor Technology Inc., and HBM. These key players have adopted strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their torque sensor market share.

Top Impacting Factors

The notable factors positively impacting on the torque sensor market include growth in demand for high performance vehicles, increase in penetration of EPS in passenger vehicles, and surge in demand for new torque measurement technologies. However, high installation cost hampers the market growth. 

Moreover, emerging torque sensor application in healthcare vertical and evolution in the use of torque sensor in industrial applications offer lucrative market opportunities during the forecast period.

Rise in Demand for High Performance Vehicles

The automotive industry is witnessing a steady increase in demand for high-performance vehicles. With increase in disposable income of consumers followed by high standard of living influences consumers to spend more on luxury vehicles. Sensors have become an intrinsic part of the production process, as they help increase the efficiency and precision through automation. 

Torque sensors are used in vehicles in the automobile industry to provide benefits such as safety and fuel efficiency. For instance, the automobile manufacturer Ford, an American-based company, introduced high-performance models of two of its highest selling vehicle models, one is Fiesta in 2014 and other is Focus in 2016.

High Installation Cost

The addition of torque sensors does help increase automation in the automotive industry; however, it incurs extra cost, which is expected to restrain the market growth. Certain automotive components such as wheel, steering, and other power tools are continuously used for long time, therefore, there are possibilities of component getting wear out. Thus, torque sensor gets extremely important to detect heating issues and other related problems. This in turn increases the overall lifetime of a vehicle. Thus, installation of torque is necessity for next-generation automobiles. 

However, this installation increases the overall cost of vehicle, impacting the vehicle sales. This increase in price is expected to significantly impact the developing regions particularly in countries such as India and China as well as Southeast Asian region. 

Emerging Application of Torque Sensor in the Healthcare Vertical 

Technological advancements in torque sensor technologies offer innovative and additional features to the medical devices and equipment.  Moreover, the medical sector is witnessing fastest growth due to torque sensor as it has ability to provide accurate results in robotic surgical systems, pharmaceutical tablet forming, surgical stapler testing, fitness & rehabilitation equipment, and others. These torque sensors also provide medical facilities by means of telemedicine in the rural and underdeveloped areas. These factors are anticipated to provide lucrative opportunities for the market expansion.

Key Benefits For Stakeholders:

  • This study includes the analytical depiction of the global torque sensor market outlook along with the current trends and future estimations to determine the imminent investment pockets.
  • The market size is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact on the torque sensor market analysis.
  • The current torque sensor market forecast is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the torque sensor industry.
  • The report includes the torque sensor market trends and market share of key vendors.

Torque Sensor Market Segmentation:

By Type

  • Dynamic Torque Sensor
  • Static Torque Sensor

By Application

  • Automotive
  • Industrial
  • Aerospace & Defense
  • Healthcare
  • Others 

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players:

  • ABB Ltd.
  • Honeywell International corporation
  • Infineon Technologies
  • Kistler Group, 
  • Sensor Technology
  • PCB Peozotronics
  • Crane Electronics
  • Datum Electronics
  • Futek Advanced Sensor Technology Inc.
  • HBM
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings

2.1.1. Top impacting factors
2.1.2. Top investment pockets

2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key forces shaping torque sensor market
3.3. Market dynamics

3.3.1. Drivers

3.3.1.1. Rise in demand for high performance vehicles
3.3.1.2. Increase in penetration of EPS in passenger vehicles
3.3.1.3. Surge in demand of new torque measurement technologies

3.3.2. Restraint

3.3.2.1. High installation cost

3.3.3. Opportunity

3.3.3.1. Emerging application of torque sensor in the healthcare vertical
3.3.3.2. Evolution the use of torque sensor in the industrial applications

CHAPTER 4: TORQUE SENSOR MARKET, BY TYPE

4.1. Overview
4.2. Dynamic torque sensor

4.2.1. Rotary torque sensor
4.2.2. Non-contacting torque sensor
4.2.3. Key market trends, growth factors, and opportunities
4.2.4. Market size and forecast, by region
4.2.5. Market analysis, by country

4.3. Static torque sensor

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

CHAPTER 5: TORQUE SENSOR MARKET, BY APPLICATION

5.1. Overview
5.2. Automotive

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Industrial

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Aerospace & defense

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

5.5. Healthcare

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market analysis, by region
5.5.3. Market analysis, by country

5.6. Others

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market analysis, by region
5.6.3. Market analysis, by country

CHAPTER 6: TORQUE SENSOR MARKET, BY REGION

6.1. Overview
6.2. North America

6.2.1. Key market trends, growth factors, and opportunities
Market size and forecast, by type
6.2.2. Market size and forecast, by application
6.2.3. Market analysis, by country

6.2.3.1. U.S.

6.2.3.1.1. Market size and forecast, by type
6.2.3.1.2. Market size and forecast, by application

6.2.3.2. Canada

6.2.3.2.1. Market size and forecast, by type
6.2.3.2.2. Market size and forecast, by application

6.2.3.3. Mexico

6.2.3.3.1. Market size and forecast, by type
6.2.3.3.2. Market size and forecast, by application

6.3. Europe

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by type
6.3.3. Market size and forecast, by application
6.3.4. Market analysis, by country

6.3.4.1. Germany

6.3.4.1.1. Market size and forecast, by type
6.3.4.1.2. Market size and forecast, by application

6.3.4.2. France

6.3.4.2.1. Market size and forecast, by type
6.3.4.2.2. Market size and forecast, by application

6.3.4.3. Italy

6.3.4.3.1. Market size and forecast, by type
6.3.4.3.2. Market size and forecast, by application

6.3.4.4. UK

6.3.4.4.1. Market size and forecast, by type
6.3.4.4.2. Market size and forecast, by application

6.3.4.5. Rest of Europe

6.3.4.5.1. Market size and forecast, by type
6.3.4.5.2. Market size and forecast, by application

6.4. Asia-Pacific

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by type
6.4.3. Market size and forecast, by application
6.4.4. Market analysis, by country

6.4.4.1. Japan

6.4.4.1.1. Market size and forecast, by type
6.4.4.1.2. Market size and forecast, by application

6.4.4.2. China

6.4.4.2.1. Market size and forecast, by type
6.4.4.2.2. Market size and forecast, by application

6.4.4.3. India

6.4.4.3.1. Market size and forecast, by type
6.4.4.3.2. Market size and forecast, by application

6.4.4.4. South Korea

6.4.4.4.1. Market size and forecast, by type
6.4.4.4.2. Market size and forecast, by application

6.4.4.5. Rest of Asia-Pacific

6.4.4.5.1. Market size and forecast, by type
6.4.4.5.2. Market size and forecast, by application

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by type
6.5.3. Market size and forecast, by application
6.5.4. Market analysis, by country

6.5.4.1. Latin America

6.5.4.1.1. Market size and forecast, by type
6.5.4.1.2. Market size and forecast, by application

6.5.4.2. Middle East

6.5.4.2.1. Market size and forecast, by type
6.5.4.2.2. Market size and forecast, by application

6.5.4.3. Africa

6.5.4.3.1. Market size and forecast, by type
6.5.4.3.2. Market size and forecast, by application

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. INTRODUCTION
7.2. TOP WINNING STRATEGIES

7.2.1. Top winning strategies, by year
7.2.2. Top winning strategies, by development
7.2.3. Top winning strategies, by company

7.3. PRODUCT MAPPING OF TOP 10 PLAYER
7.4. COMPETITIVE DASHBOARD
7.5. COMPETITIVE HEATMAP

CHAPTER 8: COMPANY PROFILES

8.1. ABB Ltd.

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. R&D Expenditure
8.1.6. Business performance

8.2. Honeywell International Inc.

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. R&D Expenditure
8.2.6. Business performance

8.3. Crane Electronics

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Product portfolio
8.3.4. Key strategic moves and developments

8.4. Datum Electronics

8.4.1. Company overview
8.4.3. Product portfolio
8.4.4. Key strategic moves and developments

8.5. Futek Advanced Sensor Technology Inc.

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Product portfolio
8.5.4. Key strategic moves and developments

8.6. HBM

8.6.1. Company overview
8.6.2. Company snapshot
8.6.4. Product portfolio

8.7. Kistler Group

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Product portfolio
8.7.4. Key strategic moves and developments

8.8. PCB Piezotronics

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Key strategic moves and developments

8.9. Infineon Technologies

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. R&D Expenditure
8.9.6. Business performance

8.10. Sensor Technology

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product portfolio
8.10.4. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018-2026 ($MILLION)
TABLE 02. DYNAMIC TORQUE SENSOR MARKET REVENUE, BY REGION 2018-2026 ($MILLION)
TABLE 03. STATIC TORQUE SENSOR MARKET REVENUE, BY REGION 2018-2026 ($MILLION)
TABLE 04. GLOBAL TORQUE SENSOR MARKET REVENUE, BY APPLICATION, 2018-2026($MILLION)
TABLE 05. AUTOMOTIVE TORQUE SENSOR MARKET REVENUE, BY REGION 2018-2026 ($MILLION)
TABLE 06. INDUSTRIAL TORQUE SENSOR MARKET REVENUE, BY REGION 2018-2026 ($MILLION)
TABLE 07. AEROSPACE & DEFENSE TORQUE SENSOR MARKET REVENUE, BY REGION 2018-2026 ($MILLION)
TABLE 08. HEALTHCARE TORQUE SENSOR MARKET REVENUE, BY REGION 2018-2026 ($MILLION)
TABLE 09. OTHERS TORQUE SENSOR MARKET REVENUE, BY REGION 2018-2026 ($MILLION)
TABLE 10. GLOBAL TORQUE SENSOR MARKET REVENUE, BY REGION, 2018–2026 ($MILLION)
TABLE 11. NORTH AMERICA TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 12. NORTH AMERICA TORQUE SENSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 13. NORTH AMERICA TORQUE SENSOR MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 14. U.S.  TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 15. U.S. TORQUE SENSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 16. CANADA TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 17. CANADA TORQUE SENSOR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 18. MEXICO TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 19. MEXICO TORQUE SENSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 20. EUROPE TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 21. EUROPE TORQUE SENSOR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 22. EUROPE TORQUE SENSOR MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 23. GERMANY TORQUE SENSOR MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 24. GERMANY TORQUE SENSOR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 25. FRANCE TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 26. FRANCE TORQUE SEBSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 27. ITALY TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 28. ITALY TORQUE SENSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 29. UK TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 30. UK TORQUE SENSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 31. REST OF EUROPE TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 32. REST OF EUROPE TORQUE SENSOR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 33. ASIA-PACIFIC TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 34. ASIA-PACIFIC TORQUE SENSOR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 35. ASIA PACIFIC TORQUE SENSOR MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 36. JAPAN TORQUE SENSOR MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 37. JAPAN TORQUE SENSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 38. CHINA TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 39. CHINA TORQUE SENSOR MARKET REVUNUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 40. INDIA TORQUE SENSOR MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 41. INDIA TORQUE SENSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 42. SOUTH KOREA TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 43. SOUTH KOREA TORQUE SENSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 44. REST OF ASIA-PACIFIC TOTRQUE SENSOR MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 45. REST OF ASIA-PACIFIC TORQUE SENSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 46. LAMEA TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 47. LAMEA TORQUE SENSOR MARKET, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 48. LAMEA TORQUE SENSOR MARKET REVENUE, BY COUNTRY, 2018–2026 ($MILLION)
TABLE 49. LATIN AMERICA TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 50. LATIN AMERICA TORQUER SENSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 51. MIDDLE EAST TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 52. MIDDLE EAST TORQUE SENSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 53. AFRICA TORQUE SENSOR MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 54. AFRICA TORQUE SENSOR MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 55. ABB LTD.: COMPANY SNAPSHOT
TABLE 56. ABB LTD.: OPERATING SEGMENTS
TABLE 57. ABB LTD: PRODUCT PORTFOLIO
TABLE 58. R&D EXPENDITURE, 2016–2018 ($MILLION)
TABLE 59. HONEYWELL INTERNATIONAL INC: COMPANY SNAPSHOT
TABLE 60. HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 61. HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 62. CRANE ELECTRONICS.: COMPANY SNAPSHOT
TABLE 63. CRANE ELECTRONICS.: PRODUCT PORTFOLIO
TABLE 64. DATUM ELECTRONICS:  COMPANY SNAPSHOT
TABLE 65. DATUM ELECTRONICS:  PRODUCT PORTFOLIO
TABLE 66. FUTEK ADVANCED SENSOR TECHNOLOGY INC.:  COMPANY SNAPSHOT
TABLE 67. FUTEK ADVANCED SENSOR TECHNOLOGY INC.: PRODUCT PORTFOLIO
TABLE 68. HBM: COMPANY SNAPSHOT
TABLE 69. HBM: PRODUCT PORTFOLIO
TABLE 70. KISTLER GROUP: COMPANY SNAPSHOT
TABLE 71. KISTLER GROUP: PRODUCT PORTFOLIO
TABLE 72. PCB PIEZOTRONICS: COMPANY SNAPSHOT
TABLE 73. INFINEON TECHNOLOGIES AG:  COMPANY SNAPSHOT
TABLE 74. INFINEON TECHNOLOGIES: OPERATING SEGMENTS
TABLE 75. INFINEON TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 76. SOUTHWIRE COMPANY, LLC: COMPANY SNAPSHOT
TABLE 77. SOUTHWIRE COMPANY, LLC: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY, BY SEGMENTATION
FIGURE 03. EXECUTIVE SUMMARY, BY GEOGRAPHY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 07. MODERATE THREAT OF NEW ENTRANTS
FIGURE 08. LOW THREAT OF SUBSTITUTES
FIGURE 09. MODERATE INTENSITY OF RIVALRY
FIGURE 10. MODERATE BARGAINING POWER OF BUYERS
FIGURE 11. GLOBAL TORQUE SENSOR MARKET SHARE, BY TYPE, 2018–2026 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS DYNAMIC TORQUE SENSOR MARKET, BY COUNTRY, 2018 & 2026
FIGURE 13. COMPARATIVE SHARE ANALYSIS STATIC TOPRQUE SENSOR MARKET, BY COUNTRY, 2018 & 2026 (%)
FIGURE 14. GLOBAL TORQUE SENSOR MARKET SHARE, BY APPLICATION, 2018–2026 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE TORQUE SENSOR MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL TORQUE SENSOR MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF AEROSPACE & DEFENSE TORQUE SENSOR MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF HEALTHCARE TORQUE SENSOR MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF OTHERS TORQUE SENSOR MARKET, BY COUNTRY,  2018 & 2026 (%)
FIGURE 20. GLOBAL TORQUE SENSOR MARKET, BY REGION, 2018-2026 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA TORQUE SENSOR MARKET, BY COUNTRY,  2018–2026 (%)
FIGURE 22. U.S. TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 23. CANADA TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 24. MEXICO TOTQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF EUROPE TORQUE SENSOR MARKET, BY COUNTRY,  2018–2026 (%)
FIGURE 26. GERMANY TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 27. FRANCE TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 28. ITALY TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 29. UK TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 30. REST OF EUROPE TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 31. COMPARATIVE SHARE ANALYSIS TORQUE SENSOR MARKET, BY COUNTRY,  2018–2026 (%)
FIGURE 32. JAPAN TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 33. CHINA TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 34. INDIA TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 35. SOUTH KOREA TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 36. REST OF ASIA-PACIFIC TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 37. COMPARATIVE SHARE ANALYSIS OF LAMEA TORQUE SENSOR MARKET, BY COUNTRY,  2018–2026 (%)
FIGURE 38. LATIN AMERICA TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 39. MIDDLE EAST TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 40. AFRICA TORQUE SENSOR MARKET, 2018–2026 ($MILLION)
FIGURE 41. TOP WTOP WINNING STRATEGIES, BY YEAR, 2016–2019
FIGURE 42. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2019 (%)
FIGURE 43. TOP WINNING STRATEGIES, BY COMPANY, 2016–2019
FIGURE 44. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 45. COMPETITIVE DASHBOARD
FIGURE 46. COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 47. ABB LTD..: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 48. ABB LTD.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 49. ABB LTD.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 50. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 51. HONEYWELL INTERNATIONAL INC.: NET SALES, 2016–2018 ($MILLION)
FIGURE 52. HONEYWELL INTERNATIONAL INC.:  REVENUE SHARE, BY SEGMENT, 2018 (%)
FIGURE 53. HONEYWELL INTERNATIONAL INC.: REVENUE SHARE, BY REGION, 2018 (%)
FIGURE 54. R&D EXPENDITURE, 2016–2018($MILLION)
FIGURE 55. INFINEON TECHNOLOGIES, 2016–2018 ($MILLION)
FIGURE 56. INFINEON TECHNOLOGIES: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57. INFINEON TECHNOLOGIES: REVENUE SHARE BY GEOGRAPHY, 2018 (%)

 
 

A torque sensor is a transducer that converts a torsional mechanical input into an electrical output signal. In other words, a device used for recording and measuring the torque of a rotating system is called torque sensor. Machines such as engines, gearboxes, electric motors, and crankshafts are part of the rotating system, and torque sensors ensure high quality and performance optimization of this system.

The demand for torque sensor in the commercial sector is expected to increase rapidly during the forecast period, owing to various factors such as rise in demand for high performance vehicles, increase in penetration of EPS in passenger vehicles, and surge in demand of new torque measurement technologies. However, high installation cost is expected to hamper the market growth globally. The market for torque sensor in the commercial sector is analyzed and estimated in accordance with the impacts of drivers, restraints, and opportunities. 

The U.S. is the fastest adopter of technology, owing to which the growth of electronics device, upcoming automobile technologies such as electric & hybrid vehicles, healthcare monitoring systems, and others is high. Moreover, increase in disposable income of the people in the U.S. drives the sale of torque sensor in this region. In addition, growth in the semiconductor industry along with rise in trends of advanced devices among industries boost the growth of the U.S. torque sensors market.

The key players profiled in the report include ABB Ltd., Honeywell International corporation, Infineon Technologies, Kistler Group, Sensor Technology, PCB Peozotronics, Crane Electronics, Datum Electronics, Futek Advanced Sensor Technology Inc., and HBM.

 

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FREQUENTLY ASKED QUESTIONS?
 

A. The Global Torque Sensor Market is expected to grow at a CAGR of 7.7% from 2019 to 2026.

A. The Global Torque Sensor Market is projected to reach $16.82 billion by 2026.

A. To get the latest version of sample report

A. Rise in demand for high performance vehicles, increase in penetration of EPS in passenger vehicles, and surge in demand for new torque measurement technologies drives the growth of Torque Sensor Market.

A. The key players profiled in the report include ABB Ltd., Honeywell International corporation, Infineon Technologies, Kistler Group, Sensor Technology, PCB Piezotronics, Crane Electronics, Datum Electronics, Futek Advanced Sensor Technology Inc., and HBM.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Torque Sensor Market is segmented on the basis of type, application, and region.

A. The key growth strategies of Torque Sensor market players include product launch, partnership, acquisition, expansion, product enhancement, and collaboration.

A. Automotive segment would exhibit the highest CAGR of 9.2% from 2019 - 2026.

A. Asia-Pacific region holds a dominant position in 2018 and is expected to maintain the lead during the forecast period.

 

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