Torque Sensors Market
PUBLISHED: 2023 ID: SMRC23129
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Torque Sensors Market

Torque Sensors Market Forecasts to 2028 - Global Analysis By Type (Dynamic Torque Sensor, Reaction Torque Sensors, SAW Torque Sensors, Optical Torque Sensors and Other Types), Mechanical Configuration (Shaft Style and Flange Style), Technology, Application and By Geography

4.9 (81 reviews)
4.9 (81 reviews)
Published: 2023 ID: SMRC23129

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $7.32 BN

Projected Year Value (2028)

US $11.49 BN

CAGR (2022 - 2028)

7.7%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia-Pacific


According to Stratistics MRC, the Global Torque Sensors Market is accounted for $7.32 billion in 2022 and is expected to reach $11.49 billion by 2028 growing at a CAGR of 7.7% during the forecast period. A torque sensor, also known as a 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, rotor, bicycle crank, or cap torque tester. A transducer called a torque sensor transforms a mechanical input signal into an electrical output signal. Dynamic and static torque sensors are two different types of torque sensors. While a rotary encoder detects dynamic torque, a response torques sensor measures static torque. For process control and monitoring, torque measurements are essential.

According to the International Organization of Motor Vehicle Manufacturers (OICA), vehicle production in Q1, Q2, and Q3 of 2020 witnessed a decline of 23%, 32%, and 23%, respectively, compared to that of 2019. As torque sensors are widely used in electronic power steering systems and automatic transmission in vehicles, the decline in vehicle production is expected to hamper the demand.

Market Dynamics:

Driver:

Growing importance of torque measurement

In technological applications including engine and transmission testing, turbine testing, pump testing, and power measurement inside propulsion systems, torque measurement is crucial. One of the crucial factors in the design of internal combustion engines and commercial motors is torque. Additionally, torque monitoring is necessary to optimize mechanical performance in practically any machine that generates angular momentum, such as screw tops on prescription bottles and engines. One technique for improving the effectiveness of machinery, engines, and embedded systems is torque sensing. Furthermore, torque sensors are employed as auditing instruments for turbines, generators, power tools, and motors. As a result, over the past few years, the demand for torque sensors has increased, and the trend is anticipated to continue in the years to come, which will accelerate market growth over the course of the forecast period.

Restraint:

High Installation Cost

Torque sensors do contribute to increased automation in the automobile sector, but they come with an additional expense that is predicted to impede market expansion. The possibility of a component wearing out exists because several automobile parts, such as the wheel, steering, and other power tools, are utilized continually for extended periods of time. In order to identify heating problems and other related difficulties, torque sensors become crucial. The lifespan of a vehicle as a whole is subsequently extended by this. Therefore, adding torque is essential for the future generation of cars, which will impede the market growth over the forecast period.

Opportunity:

Evolution of new torque measurement technologies

The magnetoelastic, photonic, and SAW technologies are three of the most significant recent developments in torque measurement. The sensors based on these technologies are not only small and light, but they also exhibit good electromagnetic noise immunity, high linearity, and substantial resolution. The SAW-based torque sensors' wireless and battery-free operations enable flexible package design and simple integration with current system architectures. For use in automotive and aerospace applications, magnetoelastic torque sensors are the best choice because of their superior frequency response and resistance to external factors. Such characteristics are anticipated to make it possible for these torque sensors to be used effectively in many of the current torque applications, which is driving the growth of the torque sensors market over the forecast period.

Threat:

Low reliability of available torque sensors in high-end applications

Torque sensors with the highest precision and dependability are needed for measurements that are smooth and reliable in some of the most demanding applications, including aerospace, maritime, and racing. Resistance and piezo-resistive strain gauge methods are known to introduce mistakes brought on by temperature variation brought on by shaft rotation, which is cause for concern. In order to be incorporated in close proximity to the combustion chamber, sensors used in aircraft applications need to be high-temperature resilient. Even if recent efforts to increase the accuracy of torque measurement technology have been effective, it is still a worry in applications that involve a big scale, which is projected to impede the fog computing market's growth.

Covid-19 Impact:

The COVID-19 pandemic has had a significant impact on the growth of the automotive industry. Numerous auto assembly plants in the US have been closed, and large-scale auto production has been halted in Europe. Automobile producers, including General Motors and Volkswagen, were compelled to temporarily shut down nearly all of their operations for around one to two months starting in March 2020 because of the rise in COVID-19 cases and the implementation of long-term lockdowns in Europe and the US. Toyota partially paused operations at some factories and production lines between April and July 2020, taking into account the supply-demand imbalance and rise of COVID-19 instances. Loss of customer trust is anticipated to continue to have an influence on the sale of autos, despite the fact that certain governments have partially implemented various lockdown measures.

The Rotary torque sensor segment is expected to be the largest during the forecast period

During the anticipated timeframe, the rotary torque sensor segment's market share will expand significantly. The greatest revenue share was reported for the rotary torque sensors segment owing to their varied applications in several machines such as vehicles, motors, and robots. Rotary torque sensors are widely used across various industries and applications that involve rotating or rotary systems. They are employed in automotive testing, industrial automation, robotics, aerospace, and many other sectors where the measurement of torque in rotating components is essential. The benefits offered by rotating meters include low electrical noise, high stiffness, high RPM ratings, and increased response times. These reasons are anticipated to propel segment growth.

The Automotive segment is expected to have the highest CAGR during the forecast period

Over the projection period, the market was dominated by the automotive sector, which is also anticipated to increase at a quicker rate due to the growing number of applications, such as transmission systems, engine management, and power train control, require advanced torque sensors. Vehicle performance, fuel economy, and emission reduction all greatly benefit from torque sensors. The automobile industry is using advanced torque sensors more frequently as a result of the increased focus on these factors. The demand for torque sensors in the automotive industry has also been spurred by the rising popularity of electric and hybrid vehicles. These all have favourable effect on the market expansion for torque sensors, which is fostering the expansion of the global market.

Region with largest share:

The highest revenue share was contributed by North America, which led the market globally. North America is known for its strong technological capabilities and innovation in various industries. In the torque sensor market, North America has witnessed significant advancements in sensor technologies, including torque sensors. The region is home to several prominent sensor manufacturers, research institutions, and technology companies that drive innovation and contribute to the development of advanced torque sensing solutions. Furthermore, North America has well-established industries such as automotive, aerospace, manufacturing, and robotics, which are major users of torque sensors.

Region with highest CAGR:

Asia Pacific is expected to account for the highest growth of the torque sensor market for various types of torque sensors throughout the forecast period. The world's top producer of automobiles is China. The two countries with the largest automobile exports worldwide are Japan and South Korea. The region's market is anticipated to increase significantly as a result of the automotive industry's extensive manufacturing and major expenditures in new car technologies. The largest market for industrial applications is predicted to be in APAC. The market for torque sensors is being aided by the rising demand for energy production and the large-scale production of various sorts of commodities for export.



Key players in the market:

Some of the key players in Torque Sensors Market include ABB Ltd., AIMCO, Applied Measurements Ltd, ATI Industrial Automation, Inc., Bota Systems, Crane Electronics Ltd., Datum Electronics Limited, FUTEK Advanced Sensor Technology, Inc., HBK Benelux, HITEC Sensor Solutions, Honeywell International Inc., Infineon Technologies, Interface Inc., Kistler Holding AG, KONUX, MagCanica, Monad Electronics, Mountz, Norbar Torque Too, PCB Piezotronics, Robotiq, S. Himmelstein & Company, Sensor Technology Ltd., TE Connectivity, Teledyne Technologies and Transense Technologies

Key Developments:

In April 2021, Datum Electronics Ltd has partnered with Nautils Labs to provide shipowners, operators, technical managers, and charterers with a comprehensive vessel digitalization and predictive decision support solution.

In November 2020, HBM launched a new torque transducer T40CB featuring a central bore hole that makes it ideal for testing automobile parts in confined spaces. It also features analogue and digital interfaces, which ensure it integrates with many different test bench systems.

In March 2020, HBM launched T21WN torque transducers based on the strain-gauge technology. It is ideal for laboratory, test shop, and testing applications as well as for use in production and process monitoring and quality assurance.

In January 2020, ABB announced plans to launch its smart sensor for rotating machines operating in hazardous areas at Hannover Messe 2020. This new generation of smart sensors may provide high-quality data to enable ABB’s advanced analytics to be used in dangerous locations. This product launch may extend the existing scope of applications for ABB smart sensors with a new generation design for hazardous areas.

Types Covered:
• Dynamic Torque Sensor
• Reaction Torque Sensors
• SAW Torque Sensors
• Optical Torque Sensors
• Other Types

Mechanical Configurations Covered:
• Shaft Style
• Flange Style

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

Applications Covered:
• Automotive & Transportation
• Aerospace & Defence
• Medical & Healthcare
• Other Applications

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 2020, 2021, 2022, 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
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

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 Emerging Markets
3.9 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 Sensors Market, By Type
5.1 Introduction
5.2 Dynamic Torque Sensor
5.2.1 Rotary Torque Sensor
5.2.2 Non-contacting torque sensor
5.3 Reaction Torque Sensors
5.4 SAW Torque Sensors
5.5 Optical Torque Sensors
5.6 Other Types

6 Global Torque Sensors Market, By Mechanical Configuration
6.1 Introduction
6.2 Shaft Style
6.3 Flange Style

7 Global Torque Sensors Market, By Technology
7.1 Introduction
7.2 Strain Gauge
7.3 Surface Acoustic Wave (SAW)
7.4 Optical
7.5 Magnetoelastic

8 Global Torque Sensors Market, By Application
8.1 Introduction
8.2 Automotive & Transportation
8.3 Aerospace & Defense
8.4 Medical & Healthcare
8.5 Other Applications

9 Global Torque Sensors Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 ABB Ltd.
11.2 AIMCO
11.3 Applied Measurements Ltd
11.4 ATI Industrial Automation, Inc.
11.5 Bota Systems
11.6 Crane Electronics Ltd.
11.7 Datum Electronics Limited
11.8 FUTEK Advanced Sensor Technology, Inc.
11.9 HBK Benelux
11.10 HITEC Sensor Solutions
11.11 Honeywell International Inc.
11.12 Infineon Technologies
11.13 Interface Inc.
11.14 Kistler Holding AG
11.15 KONUX
11.16 MagCanica
11.17 Monad Electronics
11.18 Mountz
11.19 Norbar Torque Too
11.20 PCB Piezotronics
11.21 Robotiq
11.22 S. Himmelstein & Company
11.23 Sensor Technology Ltd.
11.24 TE Connectivity
11.25 Teledyne Technologies
11.26 Transense Technologies

List of Tables
1 Global Torque Sensors Market Outlook, By Region (2020-2028) ($MN)
2 Global Torque Sensors Market Outlook, By Type (2020-2028) ($MN)
3 Global Torque Sensors Market Outlook, By Dynamic Torque Sensor (2020-2028) ($MN)
4 Global Torque Sensors Market Outlook, By Rotary Torque Sensor (2020-2028) ($MN)
5 Global Torque Sensors Market Outlook, By Non-contacting torque sensor (2020-2028) ($MN)
6 Global Torque Sensors Market Outlook, By Reaction Torque Sensors (2020-2028) ($MN)
7 Global Torque Sensors Market Outlook, By SAW Torque Sensors (2020-2028) ($MN)
8 Global Torque Sensors Market Outlook, By Optical Torque Sensors (2020-2028) ($MN)
9 Global Torque Sensors Market Outlook, By Other Types (2020-2028) ($MN)
10 Global Torque Sensors Market Outlook, By Mechanical Configuration (2020-2028) ($MN)
11 Global Torque Sensors Market Outlook, By Shaft Style (2020-2028) ($MN)
12 Global Torque Sensors Market Outlook, By Flange Style (2020-2028) ($MN)
13 Global Torque Sensors Market Outlook, By Technology (2020-2028) ($MN)
14 Global Torque Sensors Market Outlook, By Strain Gauge (2020-2028) ($MN)
15 Global Torque Sensors Market Outlook, By Surface Acoustic Wave (SAW) (2020-2028) ($MN)
16 Global Torque Sensors Market Outlook, By Optical (2020-2028) ($MN)
17 Global Torque Sensors Market Outlook, By Magnetoelastic (2020-2028) ($MN)
18 Global Torque Sensors Market Outlook, By Application (2020-2028) ($MN)
19 Global Torque Sensors Market Outlook, By Automotive & Transportation (2020-2028) ($MN)
20 Global Torque Sensors Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
21 Global Torque Sensors Market Outlook, By Medical & Healthcare (2020-2028) ($MN)
22 Global Torque Sensors Market Outlook, By Other Applications (2020-2028) ($MN)
23 North America Torque Sensors Market Outlook, By Country (2020-2028) ($MN)
24 North America Torque Sensors Market Outlook, By Type (2020-2028) ($MN)
25 North America Torque Sensors Market Outlook, By Dynamic Torque Sensor (2020-2028) ($MN)
26 North America Torque Sensors Market Outlook, By Rotary Torque Sensor (2020-2028) ($MN)
27 North America Torque Sensors Market Outlook, By Non-contacting torque sensor (2020-2028) ($MN)
28 North America Torque Sensors Market Outlook, By Reaction Torque Sensors (2020-2028) ($MN)
29 North America Torque Sensors Market Outlook, By SAW Torque Sensors (2020-2028) ($MN)
30 North America Torque Sensors Market Outlook, By Optical Torque Sensors (2020-2028) ($MN)
31 North America Torque Sensors Market Outlook, By Other Types (2020-2028) ($MN)
32 North America Torque Sensors Market Outlook, By Mechanical Configuration (2020-2028) ($MN)
33 North America Torque Sensors Market Outlook, By Shaft Style (2020-2028) ($MN)
34 North America Torque Sensors Market Outlook, By Flange Style (2020-2028) ($MN)
35 North America Torque Sensors Market Outlook, By Technology (2020-2028) ($MN)
36 North America Torque Sensors Market Outlook, By Strain Gauge (2020-2028) ($MN)
37 North America Torque Sensors Market Outlook, By Surface Acoustic Wave (SAW) (2020-2028) ($MN)
38 North America Torque Sensors Market Outlook, By Optical (2020-2028) ($MN)
39 North America Torque Sensors Market Outlook, By Magnetoelastic (2020-2028) ($MN)
40 North America Torque Sensors Market Outlook, By Application (2020-2028) ($MN)
41 North America Torque Sensors Market Outlook, By Automotive & Transportation (2020-2028) ($MN)
42 North America Torque Sensors Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
43 North America Torque Sensors Market Outlook, By Medical & Healthcare (2020-2028) ($MN)
44 North America Torque Sensors Market Outlook, By Other Applications (2020-2028) ($MN)
45 Europe Torque Sensors Market Outlook, By Country (2020-2028) ($MN)
46 Europe Torque Sensors Market Outlook, By Type (2020-2028) ($MN)
47 Europe Torque Sensors Market Outlook, By Dynamic Torque Sensor (2020-2028) ($MN)
48 Europe Torque Sensors Market Outlook, By Rotary Torque Sensor (2020-2028) ($MN)
49 Europe Torque Sensors Market Outlook, By Non-contacting torque sensor (2020-2028) ($MN)
50 Europe Torque Sensors Market Outlook, By Reaction Torque Sensors (2020-2028) ($MN)
51 Europe Torque Sensors Market Outlook, By SAW Torque Sensors (2020-2028) ($MN)
52 Europe Torque Sensors Market Outlook, By Optical Torque Sensors (2020-2028) ($MN)
53 Europe Torque Sensors Market Outlook, By Other Types (2020-2028) ($MN)
54 Europe Torque Sensors Market Outlook, By Mechanical Configuration (2020-2028) ($MN)
55 Europe Torque Sensors Market Outlook, By Shaft Style (2020-2028) ($MN)
56 Europe Torque Sensors Market Outlook, By Flange Style (2020-2028) ($MN)
57 Europe Torque Sensors Market Outlook, By Technology (2020-2028) ($MN)
58 Europe Torque Sensors Market Outlook, By Strain Gauge (2020-2028) ($MN)
59 Europe Torque Sensors Market Outlook, By Surface Acoustic Wave (SAW) (2020-2028) ($MN)
60 Europe Torque Sensors Market Outlook, By Optical (2020-2028) ($MN)
61 Europe Torque Sensors Market Outlook, By Magnetoelastic (2020-2028) ($MN)
62 Europe Torque Sensors Market Outlook, By Application (2020-2028) ($MN)
63 Europe Torque Sensors Market Outlook, By Automotive & Transportation (2020-2028) ($MN)
64 Europe Torque Sensors Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
65 Europe Torque Sensors Market Outlook, By Medical & Healthcare (2020-2028) ($MN)
66 Europe Torque Sensors Market Outlook, By Other Applications (2020-2028) ($MN)
67 Asia Pacific Torque Sensors Market Outlook, By Country (2020-2028) ($MN)
68 Asia Pacific Torque Sensors Market Outlook, By Type (2020-2028) ($MN)
69 Asia Pacific Torque Sensors Market Outlook, By Dynamic Torque Sensor (2020-2028) ($MN)
70 Asia Pacific Torque Sensors Market Outlook, By Rotary Torque Sensor (2020-2028) ($MN)
71 Asia Pacific Torque Sensors Market Outlook, By Non-contacting torque sensor (2020-2028) ($MN)
72 Asia Pacific Torque Sensors Market Outlook, By Reaction Torque Sensors (2020-2028) ($MN)
73 Asia Pacific Torque Sensors Market Outlook, By SAW Torque Sensors (2020-2028) ($MN)
74 Asia Pacific Torque Sensors Market Outlook, By Optical Torque Sensors (2020-2028) ($MN)
75 Asia Pacific Torque Sensors Market Outlook, By Other Types (2020-2028) ($MN)
76 Asia Pacific Torque Sensors Market Outlook, By Mechanical Configuration (2020-2028) ($MN)
77 Asia Pacific Torque Sensors Market Outlook, By Shaft Style (2020-2028) ($MN)
78 Asia Pacific Torque Sensors Market Outlook, By Flange Style (2020-2028) ($MN)
79 Asia Pacific Torque Sensors Market Outlook, By Technology (2020-2028) ($MN)
80 Asia Pacific Torque Sensors Market Outlook, By Strain Gauge (2020-2028) ($MN)
81 Asia Pacific Torque Sensors Market Outlook, By Surface Acoustic Wave (SAW) (2020-2028) ($MN)
82 Asia Pacific Torque Sensors Market Outlook, By Optical (2020-2028) ($MN)
83 Asia Pacific Torque Sensors Market Outlook, By Magnetoelastic (2020-2028) ($MN)
84 Asia Pacific Torque Sensors Market Outlook, By Application (2020-2028) ($MN)
85 Asia Pacific Torque Sensors Market Outlook, By Automotive & Transportation (2020-2028) ($MN)
86 Asia Pacific Torque Sensors Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
87 Asia Pacific Torque Sensors Market Outlook, By Medical & Healthcare (2020-2028) ($MN)
88 Asia Pacific Torque Sensors Market Outlook, By Other Applications (2020-2028) ($MN)
89 South America Torque Sensors Market Outlook, By Country (2020-2028) ($MN)
90 South America Torque Sensors Market Outlook, By Type (2020-2028) ($MN)
91 South America Torque Sensors Market Outlook, By Dynamic Torque Sensor (2020-2028) ($MN)
92 South America Torque Sensors Market Outlook, By Rotary Torque Sensor (2020-2028) ($MN)
93 South America Torque Sensors Market Outlook, By Non-contacting torque sensor (2020-2028) ($MN)
94 South America Torque Sensors Market Outlook, By Reaction Torque Sensors (2020-2028) ($MN)
95 South America Torque Sensors Market Outlook, By SAW Torque Sensors (2020-2028) ($MN)
96 South America Torque Sensors Market Outlook, By Optical Torque Sensors (2020-2028) ($MN)
97 South America Torque Sensors Market Outlook, By Other Types (2020-2028) ($MN)
98 South America Torque Sensors Market Outlook, By Mechanical Configuration (2020-2028) ($MN)
99 South America Torque Sensors Market Outlook, By Shaft Style (2020-2028) ($MN)
100 South America Torque Sensors Market Outlook, By Flange Style (2020-2028) ($MN)
101 South America Torque Sensors Market Outlook, By Technology (2020-2028) ($MN)
102 South America Torque Sensors Market Outlook, By Strain Gauge (2020-2028) ($MN)
103 South America Torque Sensors Market Outlook, By Surface Acoustic Wave (SAW) (2020-2028) ($MN)
104 South America Torque Sensors Market Outlook, By Optical (2020-2028) ($MN)
105 South America Torque Sensors Market Outlook, By Magnetoelastic (2020-2028) ($MN)
106 South America Torque Sensors Market Outlook, By Application (2020-2028) ($MN)
107 South America Torque Sensors Market Outlook, By Automotive & Transportation (2020-2028) ($MN)
108 South America Torque Sensors Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
109 South America Torque Sensors Market Outlook, By Medical & Healthcare (2020-2028) ($MN)
110 South America Torque Sensors Market Outlook, By Other Applications (2020-2028) ($MN)
111 Middle East & Africa Torque Sensors Market Outlook, By Country (2020-2028) ($MN)
112 Middle East & Africa Torque Sensors Market Outlook, By Type (2020-2028) ($MN)
113 Middle East & Africa Torque Sensors Market Outlook, By Dynamic Torque Sensor (2020-2028) ($MN)
114 Middle East & Africa Torque Sensors Market Outlook, By Rotary Torque Sensor (2020-2028) ($MN)
115 Middle East & Africa Torque Sensors Market Outlook, By Non-contacting torque sensor (2020-2028) ($MN)
116 Middle East & Africa Torque Sensors Market Outlook, By Reaction Torque Sensors (2020-2028) ($MN)
117 Middle East & Africa Torque Sensors Market Outlook, By SAW Torque Sensors (2020-2028) ($MN)
118 Middle East & Africa Torque Sensors Market Outlook, By Optical Torque Sensors (2020-2028) ($MN)
119 Middle East & Africa Torque Sensors Market Outlook, By Other Types (2020-2028) ($MN)
120 Middle East & Africa Torque Sensors Market Outlook, By Mechanical Configuration (2020-2028) ($MN)
121 Middle East & Africa Torque Sensors Market Outlook, By Shaft Style (2020-2028) ($MN)
122 Middle East & Africa Torque Sensors Market Outlook, By Flange Style (2020-2028) ($MN)
123 Middle East & Africa Torque Sensors Market Outlook, By Technology (2020-2028) ($MN)
124 Middle East & Africa Torque Sensors Market Outlook, By Strain Gauge (2020-2028) ($MN)
125 Middle East & Africa Torque Sensors Market Outlook, By Surface Acoustic Wave (SAW) (2020-2028) ($MN)
126 Middle East & Africa Torque Sensors Market Outlook, By Optical (2020-2028) ($MN)
127 Middle East & Africa Torque Sensors Market Outlook, By Magnetoelastic (2020-2028) ($MN)
128 Middle East & Africa Torque Sensors Market Outlook, By Application (2020-2028) ($MN)
129 Middle East & Africa Torque Sensors Market Outlook, By Automotive & Transportation (2020-2028) ($MN)
130 Middle East & Africa Torque Sensors Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
131 Middle East & Africa Torque Sensors Market Outlook, By Medical & Healthcare (2020-2028) ($MN)
132 Middle East & Africa Torque Sensors Market Outlook, By Other Applications (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

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Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials