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Torque Sensor Market

Torque Sensor - Global Market Outlook (2020 -2028)

4.7 (61 reviews)
Published: April 2021 ID: SMRC20421
4.7 (61 reviews)
Published: April 2021 ID: SMRC20421

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Torque Sensor Market is accounted for $6.43 billion in 2020 and is expected to reach $11.72 billion by 2028 growing at a CAGR of 7.8% during the forecast period. Mounting importance of torque measurement and rising application of torque sensors for electric power steering (EPS) systems are the major factors propelling the market growth. However, low reliability of available torque sensors in high-end applications is hampering the market growth.

Torque sensors are devices that are utilized for determining the torque of rotating systems such as craft shifts, gearboxes, engines, etc. Torque measurement and monitoring is a significant parameter as far as all machines and engines are disturbed.

Based on the application, the automotive segment is estimated to have a lucrative growth during the forecast period. It is used for testing clutches and gearboxes, as well as measuring strain and determining the dynamic torque within an engine.

By geography, Asia Pacific is going to have a huge demand due to large-scale manufacturing and significant investments in new vehicle technologies. However, Japanese automakers are continuing to spend on research and development, especially in electrification technology.

Some of the key players profiled in the Torque Sensor Market include ABB, Kistler, Honeywell International Inc., Crane Electronics, Infineon Technologies, HBM Test and Measurement, PCB Peozotronics, Datum Electronics, Futek Advanced Sensor Technology Inc., Sensor Technology, Norbar Torque Tools, Applied Measurements Ltd, MagCanica, Inc., Teledyne Technologies Inc., TE Connectivity Ltd, Lorenz Messtechnik GmbH, ATI Industrial Automation, and Interface Advanced Force Measurement.
 
Types Covered:
• Rotary Torque Sensors
• Reaction Torque Sensors

Sensor Types Covered:
• Static
• Dynamic

Technologies Covered:
• Magnetoelastic
• Optical
• Strain Gauge
• Surface Acoustic Wave (SAW)

Mechanical Configurations Covered:
• Shaft Style
• Flange Style

Measurement Techniques Covered:
• Telemetry
• In-Line
• Infrared
• Reaction
• Slip Ring
• Rotary Transformer

Applications Covered:
• Car and Shipping Power Detection
• Laboratory
• Motor Power Detection
• Pump Power Detection
• Qualitative Inspect Branch
• Viscometer

End Users Covered:
• Automotive & Transportation
• Test & Measurement
• Industrial
• Aerospace & Defense
• Medical & Healthcare
• Agriculture
• Manufacturing
• Robotics
• Printing and Packaging
• Mining
• Oil & Gas

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary         
          
2 Preface  
       
 2.1 Abstract        
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology        
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions       
          
3 Market Trend Analysis         
 3.1 Introduction        
 3.2 Drivers        
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats        
 3.6 Technology Analysis        
 3.7 Application Analysis        
 3.8 End User Analysis        
 3.9 Emerging Markets        
 3.10 Impact of Covid-19        
          
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers         
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry        
          
5 Global Torque Sensor Market, By Type         
 5.1 Introduction        
 5.2 Rotary Torque Sensors        
  5.2.1 Non Contact-Based Sensing       
  5.2.2 Contact-Based Sensing       
 5.3 Reaction Torque Sensors        
          
6 Global Torque Sensor Market, By Sensor Type         
 6.1 Introduction        
 6.2 Static        
 6.3 Dynamic        
          
7 Global Torque Sensor Market, By Technology         
 7.1 Introduction        
 7.2 Magnetoelastic        
 7.3 Optical        
 7.4 Strain Gauge        
 7.5 Surface Acoustic Wave (SAW)        
          
8 Global Torque Sensor Market, By Mechanical Configuration         
 8.1 Introduction        
 8.2 Shaft Style        
 8.3 Flange Style        
          
9 Global Torque Sensor Market, By Measurement Technique         
 9.1 Introduction        
 9.2 Telemetry         
 9.3 In-Line        
 9.4 Infrared        
 9.5 Reaction        
 9.6 Slip Ring        
 9.7 Rotary Transformer        
          
10 Global Torque Sensor Market, By Application         
 10.1 Introduction        
 10.2 Car and Shipping Power Detection        
 10.3 Laboratory        
 10.4 Motor Power Detection        
 10.5 Pump Power Detection        
 10.6 Qualitative Inspect Branch        
 10.7 Viscometer        
          
11 Global Torque Sensor Market, By End User         
 11.1 Introduction        
 11.2 Automotive & Transportation        
 11.3 Test & Measurement        
 11.4 Industrial        
 11.5 Aerospace & Defense        
 11.6 Medical & Healthcare        
 11.7 Agriculture        
 11.8 Manufacturing        
 11.9 Robotics        
 11.10 Printing and Packaging        
 11.11 Mining        
 11.12 Oil & Gas        
          
12 Global Torque Sensor Market, By Geography         
 12.1 Introduction        
 12.2 North America        
  12.2.1 US       
  12.2.2 Canada       
  12.2.3 Mexico       
 12.3 Europe        
  12.3.1 Germany       
  12.3.2 UK       
  12.3.3 Italy       
  12.3.4 France       
  12.3.5 Spain       
  12.3.6 Rest of Europe       
 12.4 Asia Pacific        
  12.4.1 Japan       
  12.4.2 China        
  12.4.3 India       
  12.4.4 Australia       
  12.4.5 New Zealand       
  12.4.6 South Korea       
  12.4.7 Rest of Asia Pacific       
 12.5 South America        
  12.5.1 Argentina       
  12.5.2 Brazil       
  12.5.3 Chile       
  12.5.4 Rest of South America       
 12.6 Middle East & Africa        
  12.6.1 Saudi Arabia       
  12.6.2 UAE       
  12.6.3 Qatar       
  12.6.4 South Africa       
  12.6.5 Rest of Middle East & Africa       
          
13 Key Developments          
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 13.2 Acquisitions & Mergers        
 13.3 New Product Launch        
 13.4 Expansions        
 13.5 Other Key Strategies        
          
14 Company Profiling          
 14.1 ABB        
 14.2 Kistler        
 14.3 Honeywell International Inc.        
 14.4 Crane Electronics        
 14.5 Infineon Technologies        
 14.6 HBM Test and Measurement        
 14.7 PCB Peozotronics        
 14.8 Datum Electronics         
 14.9 Futek Advanced Sensor Technology Inc.        
 14.10 Sensor Technology        
 14.11 Norbar Torque Tools        
 14.12 Applied Measurements Ltd        
 14.13 MagCanica, Inc.        
 14.14 Teledyne Technologies Inc.        
 14.15 TE Connectivity Ltd        
 14.16 Lorenz Messtechnik GmbH        
 14.17 ATI Industrial Automation        
 14.18 Interface Advanced Force Measurement        


List of Tables          
1 Global Torque Sensor Market Outlook, By Region (2019-2028) ($MN)         
2 Global Torque Sensor Market Outlook, By Type (2019-2028) ($MN)         
3 Global Torque Sensor Market Outlook, By Rotary Torque Sensors (2019-2028) ($MN)         
4 Global Torque Sensor Market Outlook, By Non Contact-Based Sensing (2019-2028) ($MN)         
5 Global Torque Sensor Market Outlook, By Contact-Based Sensing (2019-2028) ($MN)         
6 Global Torque Sensor Market Outlook, By Reaction Torque Sensors (2019-2028) ($MN)         
7 Global Torque Sensor Market Outlook, By Sensor Type (2019-2028) ($MN)         
8 Global Torque Sensor Market Outlook, By Static (2019-2028) ($MN)         
9 Global Torque Sensor Market Outlook, By Dynamic (2019-2028) ($MN)         
10 Global Torque Sensor Market Outlook, By Technology (2019-2028) ($MN)         
11 Global Torque Sensor Market Outlook, By Magnetoelastic (2019-2028) ($MN)         
12 Global Torque Sensor Market Outlook, By Optical (2019-2028) ($MN)         
13 Global Torque Sensor Market Outlook, By Strain Gauge (2019-2028) ($MN)         
14 Global Torque Sensor Market Outlook, By Surface Acoustic Wave (SAW) (2019-2028) ($MN)         
15 Global Torque Sensor Market Outlook, By Mechanical Configuration (2019-2028) ($MN)         
16 Global Torque Sensor Market Outlook, By Shaft Style (2019-2028) ($MN)         
17 Global Torque Sensor Market Outlook, By Flange Style (2019-2028) ($MN)         
18 Global Torque Sensor Market Outlook, By Measurement Technique (2019-2028) ($MN)         
19 Global Torque Sensor Market Outlook, By Telemetry  (2019-2028) ($MN)         
20 Global Torque Sensor Market Outlook, By In-Line (2019-2028) ($MN)         
21 Global Torque Sensor Market Outlook, By Infrared (2019-2028) ($MN)         
22 Global Torque Sensor Market Outlook, By Reaction (2019-2028) ($MN)         
23 Global Torque Sensor Market Outlook, By Slip Ring (2019-2028) ($MN)         
24 Global Torque Sensor Market Outlook, By Rotary Transformer (2019-2028) ($MN)         
25 Global Torque Sensor Market Outlook, By Application (2019-2028) ($MN)         
26 Global Torque Sensor Market Outlook, By Car and Shipping Power Detection (2019-2028) ($MN)         
27 Global Torque Sensor Market Outlook, By Laboratory (2019-2028) ($MN)         
28 Global Torque Sensor Market Outlook, By Motor Power Detection (2019-2028) ($MN)         
29 Global Torque Sensor Market Outlook, By Pump Power Detection (2019-2028) ($MN)         
30 Global Torque Sensor Market Outlook, By Qualitative Inspect Branch (2019-2028) ($MN)         
31 Global Torque Sensor Market Outlook, By Viscometer (2019-2028) ($MN)         
32 Global Torque Sensor Market Outlook, By End User (2019-2028) ($MN)         
33 Global Torque Sensor Market Outlook, By Automotive & Transportation (2019-2028) ($MN)         
34 Global Torque Sensor Market Outlook, By Test & Measurement (2019-2028) ($MN)         
35 Global Torque Sensor Market Outlook, By Industrial (2019-2028) ($MN)         
36 Global Torque Sensor Market Outlook, By Aerospace & Defense (2019-2028) ($MN)         
37 Global Torque Sensor Market Outlook, By Medical & Healthcare (2019-2028) ($MN)         
38 Global Torque Sensor Market Outlook, By Agriculture (2019-2028) ($MN)         
39 Global Torque Sensor Market Outlook, By Manufacturing (2019-2028) ($MN)         
40 Global Torque Sensor Market Outlook, By Robotics (2019-2028) ($MN)         
41 Global Torque Sensor Market Outlook, By Printing and Packaging (2019-2028) ($MN)         
42 Global Torque Sensor Market Outlook, By Mining (2019-2028) ($MN)         
43 Global Torque Sensor Market Outlook, By Oil & Gas (2019-2028) ($MN)         
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.          

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