Torque Sensor Market Synopsis
Torque Sensor Market Size Was Valued at USD 8.9 Billion in 2023, and is Projected to Reach USD 17.5 Billion by 2032, Growing at a CAGR of 7.8% From 2024-2032.
Torque sensors generally utilize a number of transduction techniques to convert the mechanical deformation to electrical signals. Among these techniques, the most widely used is based on the use of strain gauges, these are objects whose electrical resistance is changed under mechanical stress. These gauges are attached to a sensing element that changes its shape under the influence of the torque. It also includes piezoelectric sensing; capacitive sensing; and sensing due to variations in magnetic field.
- The market for Torque Sensor is growing at a very fast pace due to increasing demand of EPS Systems and increasing popularity of Electric & Hybrid Vehicles. The automotive industry has perhaps undergone major transformation in the last few years due to the radical changes that have occurred in the different technologies that apply to automobiles and their usage. However, this could be vastly refined, and some noteworthy inventions include electric power steering commonly known as (EPS). Thus, the given work proved that EPS also known as electric power steering is a superior type of power steering, highly sensitive, efficient and friendly to the environment than the hydraulic power steering system.
- Also, based on the driving circumstance, this system is capable of providing partial or full steering aid. For instance, assistance can be at the peak during parking operations where it can be slightly reduced during other functions like high speed drive to allow the drivers exercise control. The features like parking aid and lane keeping aid can be incorporated with EPS. It enhances the safety procedures in place and also provides the foundation for enhanced development of the self-driving automobiles.
- Hence, a key aim of the EPS system is the achievement of safer, more efficient and comfortable transport, with benefits including optimal fuel consumption through to more immediate handling responses. It is forecasted that the function of EPS will increase because the automotive industry will advance more, contributing to the continual creation of the modern car. Therefore, increasing the application of the electric power system fosters the demand for torque sensors in the forecast period.
Torque Sensor Market Trend Analysis
Automotive industry innovation
- The automotive industry in particular is the main influencing factor to the market. With manufacturers of autos introducing new models of electric and hybrid cars into the market, manufacturers are more and more requiring sophisticated measurement for torque. Electric torque sensors are educational features in EPS, regenerative brake, and various other hi-tech car innovations. There is a growing popularity of environmentally friendly and fuel-efficient automobiles to push the uptake of electric powertrains linking the sensors to a vast market. Moreover, the growing incorporation of these sensors in different modes of vehicle specially self-driving cars to address the issues related to control and feedback of vehicles in different speeds and challenging situations is fostering market growth.
Renewable energy expansion
- The ever growing concern for the use of sustainable and renewable resources for energy is one of the leading factors that are positively contributing to the rise in the market. In the wind turbines, these sensors are very relevant in tracking the performance of the rotating blades. Due to growing needs for clean energy solutions, the wind energy industry is developing fast, which translates into the higher use of such sensors. Further, they are involved in erecting and setting up of solar tracking systems to maximize the collection of solar power during the day. The increase in consumer consciousness toward renewable energy projects across the global along with the development in the technologies of the sensors are really helping to boost up the market as these sensors are creating the necessity part of the renewable energy applications.
Torque Sensor Market Segment Analysis:
- Torque Sensor Market Segmented based on Type, Application, Configuration, Technology, and Industry Vertical.
By Configuration, wired segment is expected to dominate the market during the forecast period
- Due to Configuration the Torque Sensor Market has Classified in to Wired Torque Sensor and Wireless Torque Sensor. Unlike many HMI systems, wired torque sensor is used and it is connected through the cable. A small connector can be used to connect signal or the sensor can simply be wired directly. The type selects the amount of torque, or twisting force, that the tool will apply to an object. Wired torque sensors are used in truck and automotive applications, industrial equipment, and various medical devices. Wired torque sensor could be said that it is a reliable and accurate way of measuring torque. The are of different capacities and are applicable under static and as well as dynamic force conditions.
By Application, Robotics segment held the largest share in 2023
- According to application, the torque sensor market covers Robotics, Engines, Automotive safety system, Assembly welding, Aircraft flight control, medical devices, and Others.
- They are applied to determine the strain in the shafts, to test the clutches and gearboxes and for measurement of the dynamic torque within the engine. In addition electrical power meters for monitoring of horsepower are accompanied by torque sensors which are used for testing power train ,braking system, and suspension system for achieving best fuel economy. Using the identified automotive diagnostics data points as an example, many automakers employ in-vehicle torque sensors to map the engine torque loads and calibrate automatic transmissions per Camden et al. In some cases, measurements can be quite complex, for instance engine torque. The first technique is to install instruments to the flywheel, which is linked to the vehicle’s crankshaft of the engine and a torque converter. Yet another difficult application of torque measuring in the automobile industry is measuring of torque in CV (constant velocity) joints. The CV joint allows a driveshaft to transmit power at some constant angular velocity even when the angle between the two connecting shafts is not constant, hence without much hastening the wearing away due to friction. However, these torque measurements can be sometimes problematic due to the space constraints. However, manufacturers have workarounds.
Torque Sensor Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- North America region of the US, Canada and Mexico is currently holding a dominant share in torque sensor technology advancement. The remote torque sensor market in North America is expanding because of the following reasons. Firstly, there is a concern towards the evaluation of various systems in machines motors and engines among others area in the region thereby leading to a high demand of torque sensors in the region across the different industries. These sensors are widely used in Robotics, Engines, Automobile safety system, Assembly & welding, Aircraft, spar flight control, and medical instruments.
Active Key Players in the Torque Sensor Market
- Applied Measurements Limited
- Crane Electronics Inc.
- Datum Electronics Limited (Indutrade AB)
- FUTEK Advanced Sensor Technology Inc.
- Hitachi Limited
- Honeywell International Inc.
- Hottinger Baldwin Messtechnik GmbH (Spectris plc)
- Infineon Technologies AG
- Kistler Holding AG
- Norbar Torque Tools Limited (Snap-on Incorporated)
- PCB Piezotronics Inc. (MTS Systems Corporation)
- Other Key Players
Key Industry Developments in the Torque Sensor Market:
- December 7, 2023: Due to the efforts of Hitachi Limited to introduce the ‘AI Transformation’ internally and externally will enhance business productivity and boost business opportunities.
- December 19, 2023: Honeywell International Inc. released it has signed a deal where Honeywell Building Solutions help with building management and safety technology in Reliance Life Sciences (RLS).
- December 18, 2023: At the occasion of the Climate Ambition Summit, Infineon Technologies AG responded to the call of raising climate ambition with a letter of intent to agree on science based targets. Which will allow the company to go even deeper with climate strategy.
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Global Torque Sensor Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2024: |
USD 8.9 Bn. |
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Forecast Period 2024-32 CAGR: |
7.8 % |
Market Size in 2032: |
USD 17.5 Bn. |
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Segments Covered: |
By Type |
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By Configuration |
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By Application |
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By Tecghnology |
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By Industry Vertical |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Torque Sensor Market by By Type (2018-2032)
4.1 Torque Sensor Market Snapshot and Growth Engine
4.2 Market Overview
4.3 Dynamic Torque Sensor
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
4.3.3 Key Market Trends, Growth Factors, and Opportunities
4.3.4 Geographic Segmentation Analysis
4.4 Joint Torque Sensor
4.5 6 axis force/torque sensor
4.6 4 Axis force/torque sensor
4.7 Static Torque Sensor
Chapter 5: Torque Sensor Market by By Configuration (2018-2032)
5.1 Torque Sensor Market Snapshot and Growth Engine
5.2 Market Overview
5.3 Wired Torque Sensor
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
5.3.3 Key Market Trends, Growth Factors, and Opportunities
5.3.4 Geographic Segmentation Analysis
5.4 Wireless Torque Sensor
Chapter 6: Torque Sensor Market by By Application (2018-2032)
6.1 Torque Sensor Market Snapshot and Growth Engine
6.2 Market Overview
6.3 Robotics
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
6.3.3 Key Market Trends, Growth Factors, and Opportunities
6.3.4 Geographic Segmentation Analysis
6.4 Engines
6.5 Automotive safety system
6.6 Assembly welding
6.7 Aircraft flight control
6.8 Medical devices
6.9 Others
Chapter 7: Torque Sensor Market by By Tecghnology (2018-2032)
7.1 Torque Sensor Market Snapshot and Growth Engine
7.2 Market Overview
7.3 Surface Acoustic Wave
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
7.3.3 Key Market Trends, Growth Factors, and Opportunities
7.3.4 Geographic Segmentation Analysis
7.4 Magnetoelastic
7.5 Optical
7.6 Strain Gauge
Chapter 8: Torque Sensor Market by By Industry Vertical (2018-2032)
8.1 Torque Sensor Market Snapshot and Growth Engine
8.2 Market Overview
8.3 Automotive
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
8.3.3 Key Market Trends, Growth Factors, and Opportunities
8.3.4 Geographic Segmentation Analysis
8.4 Industrial
8.5 Test & Measurement
8.6 Aerospace & Defense
8.7 Healthcare
8.8 Others
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Benchmarking
9.1.2 Torque Sensor Market Share by Manufacturer (2024)
9.1.3 Industry BCG Matrix
9.1.4 Heat Map Analysis
9.1.5 Mergers and Acquisitions
9.2 APPLIED MEASUREMENTS LIMITED
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Role of the Company in the Market
9.2.5 Sustainability and Social Responsibility
9.2.6 Operating Business Segments
9.2.7 Product Portfolio
9.2.8 Business Performance
9.2.9 Key Strategic Moves and Recent Developments
9.2.10 SWOT Analysis
9.3 CRANE ELECTRONICS INCDATUM ELECTRONICS LIMITED (INDUTRADE AB)
9.4 FUTEK ADVANCED SENSOR TECHNOLOGY INCHITACHI LIMITED
9.5 HONEYWELL INTERNATIONAL INCHOTTINGER BALDWIN MESSTECHNIK GMBH (SPECTRIS PLC)
9.6 INFINEON TECHNOLOGIES AG
9.7 KISTLER HOLDING AG
9.8 NORBAR TORQUE TOOLS LIMITED (SNAP-ON INCORPORATED)
9.9 PCB PIEZOTRONICS INC. (MTS SYSTEMS CORPORATION)
9.10 OTHER KEY PLAYERS
Chapter 10: Global Torque Sensor Market By Region
10.1 Overview
10.2. North America Torque Sensor Market
10.2.1 Key Market Trends, Growth Factors and Opportunities
10.2.2 Top Key Companies
10.2.3 Historic and Forecasted Market Size by Segments
10.2.4 Historic and Forecasted Market Size By By Type
10.2.4.1 Dynamic Torque Sensor
10.2.4.2 Joint Torque Sensor
10.2.4.3 6 axis force/torque sensor
10.2.4.4 4 Axis force/torque sensor
10.2.4.5 Static Torque Sensor
10.2.5 Historic and Forecasted Market Size By By Configuration
10.2.5.1 Wired Torque Sensor
10.2.5.2 Wireless Torque Sensor
10.2.6 Historic and Forecasted Market Size By By Application
10.2.6.1 Robotics
10.2.6.2 Engines
10.2.6.3 Automotive safety system
10.2.6.4 Assembly welding
10.2.6.5 Aircraft flight control
10.2.6.6 Medical devices
10.2.6.7 Others
10.2.7 Historic and Forecasted Market Size By By Tecghnology
10.2.7.1 Surface Acoustic Wave
10.2.7.2 Magnetoelastic
10.2.7.3 Optical
10.2.7.4 Strain Gauge
10.2.8 Historic and Forecasted Market Size By By Industry Vertical
10.2.8.1 Automotive
10.2.8.2 Industrial
10.2.8.3 Test & Measurement
10.2.8.4 Aerospace & Defense
10.2.8.5 Healthcare
10.2.8.6 Others
10.2.9 Historic and Forecast Market Size by Country
10.2.9.1 US
10.2.9.2 Canada
10.2.9.3 Mexico
10.3. Eastern Europe Torque Sensor Market
10.3.1 Key Market Trends, Growth Factors and Opportunities
10.3.2 Top Key Companies
10.3.3 Historic and Forecasted Market Size by Segments
10.3.4 Historic and Forecasted Market Size By By Type
10.3.4.1 Dynamic Torque Sensor
10.3.4.2 Joint Torque Sensor
10.3.4.3 6 axis force/torque sensor
10.3.4.4 4 Axis force/torque sensor
10.3.4.5 Static Torque Sensor
10.3.5 Historic and Forecasted Market Size By By Configuration
10.3.5.1 Wired Torque Sensor
10.3.5.2 Wireless Torque Sensor
10.3.6 Historic and Forecasted Market Size By By Application
10.3.6.1 Robotics
10.3.6.2 Engines
10.3.6.3 Automotive safety system
10.3.6.4 Assembly welding
10.3.6.5 Aircraft flight control
10.3.6.6 Medical devices
10.3.6.7 Others
10.3.7 Historic and Forecasted Market Size By By Tecghnology
10.3.7.1 Surface Acoustic Wave
10.3.7.2 Magnetoelastic
10.3.7.3 Optical
10.3.7.4 Strain Gauge
10.3.8 Historic and Forecasted Market Size By By Industry Vertical
10.3.8.1 Automotive
10.3.8.2 Industrial
10.3.8.3 Test & Measurement
10.3.8.4 Aerospace & Defense
10.3.8.5 Healthcare
10.3.8.6 Others
10.3.9 Historic and Forecast Market Size by Country
10.3.9.1 Russia
10.3.9.2 Bulgaria
10.3.9.3 The Czech Republic
10.3.9.4 Hungary
10.3.9.5 Poland
10.3.9.6 Romania
10.3.9.7 Rest of Eastern Europe
10.4. Western Europe Torque Sensor Market
10.4.1 Key Market Trends, Growth Factors and Opportunities
10.4.2 Top Key Companies
10.4.3 Historic and Forecasted Market Size by Segments
10.4.4 Historic and Forecasted Market Size By By Type
10.4.4.1 Dynamic Torque Sensor
10.4.4.2 Joint Torque Sensor
10.4.4.3 6 axis force/torque sensor
10.4.4.4 4 Axis force/torque sensor
10.4.4.5 Static Torque Sensor
10.4.5 Historic and Forecasted Market Size By By Configuration
10.4.5.1 Wired Torque Sensor
10.4.5.2 Wireless Torque Sensor
10.4.6 Historic and Forecasted Market Size By By Application
10.4.6.1 Robotics
10.4.6.2 Engines
10.4.6.3 Automotive safety system
10.4.6.4 Assembly welding
10.4.6.5 Aircraft flight control
10.4.6.6 Medical devices
10.4.6.7 Others
10.4.7 Historic and Forecasted Market Size By By Tecghnology
10.4.7.1 Surface Acoustic Wave
10.4.7.2 Magnetoelastic
10.4.7.3 Optical
10.4.7.4 Strain Gauge
10.4.8 Historic and Forecasted Market Size By By Industry Vertical
10.4.8.1 Automotive
10.4.8.2 Industrial
10.4.8.3 Test & Measurement
10.4.8.4 Aerospace & Defense
10.4.8.5 Healthcare
10.4.8.6 Others
10.4.9 Historic and Forecast Market Size by Country
10.4.9.1 Germany
10.4.9.2 UK
10.4.9.3 France
10.4.9.4 The Netherlands
10.4.9.5 Italy
10.4.9.6 Spain
10.4.9.7 Rest of Western Europe
10.5. Asia Pacific Torque Sensor Market
10.5.1 Key Market Trends, Growth Factors and Opportunities
10.5.2 Top Key Companies
10.5.3 Historic and Forecasted Market Size by Segments
10.5.4 Historic and Forecasted Market Size By By Type
10.5.4.1 Dynamic Torque Sensor
10.5.4.2 Joint Torque Sensor
10.5.4.3 6 axis force/torque sensor
10.5.4.4 4 Axis force/torque sensor
10.5.4.5 Static Torque Sensor
10.5.5 Historic and Forecasted Market Size By By Configuration
10.5.5.1 Wired Torque Sensor
10.5.5.2 Wireless Torque Sensor
10.5.6 Historic and Forecasted Market Size By By Application
10.5.6.1 Robotics
10.5.6.2 Engines
10.5.6.3 Automotive safety system
10.5.6.4 Assembly welding
10.5.6.5 Aircraft flight control
10.5.6.6 Medical devices
10.5.6.7 Others
10.5.7 Historic and Forecasted Market Size By By Tecghnology
10.5.7.1 Surface Acoustic Wave
10.5.7.2 Magnetoelastic
10.5.7.3 Optical
10.5.7.4 Strain Gauge
10.5.8 Historic and Forecasted Market Size By By Industry Vertical
10.5.8.1 Automotive
10.5.8.2 Industrial
10.5.8.3 Test & Measurement
10.5.8.4 Aerospace & Defense
10.5.8.5 Healthcare
10.5.8.6 Others
10.5.9 Historic and Forecast Market Size by Country
10.5.9.1 China
10.5.9.2 India
10.5.9.3 Japan
10.5.9.4 South Korea
10.5.9.5 Malaysia
10.5.9.6 Thailand
10.5.9.7 Vietnam
10.5.9.8 The Philippines
10.5.9.9 Australia
10.5.9.10 New Zealand
10.5.9.11 Rest of APAC
10.6. Middle East & Africa Torque Sensor Market
10.6.1 Key Market Trends, Growth Factors and Opportunities
10.6.2 Top Key Companies
10.6.3 Historic and Forecasted Market Size by Segments
10.6.4 Historic and Forecasted Market Size By By Type
10.6.4.1 Dynamic Torque Sensor
10.6.4.2 Joint Torque Sensor
10.6.4.3 6 axis force/torque sensor
10.6.4.4 4 Axis force/torque sensor
10.6.4.5 Static Torque Sensor
10.6.5 Historic and Forecasted Market Size By By Configuration
10.6.5.1 Wired Torque Sensor
10.6.5.2 Wireless Torque Sensor
10.6.6 Historic and Forecasted Market Size By By Application
10.6.6.1 Robotics
10.6.6.2 Engines
10.6.6.3 Automotive safety system
10.6.6.4 Assembly welding
10.6.6.5 Aircraft flight control
10.6.6.6 Medical devices
10.6.6.7 Others
10.6.7 Historic and Forecasted Market Size By By Tecghnology
10.6.7.1 Surface Acoustic Wave
10.6.7.2 Magnetoelastic
10.6.7.3 Optical
10.6.7.4 Strain Gauge
10.6.8 Historic and Forecasted Market Size By By Industry Vertical
10.6.8.1 Automotive
10.6.8.2 Industrial
10.6.8.3 Test & Measurement
10.6.8.4 Aerospace & Defense
10.6.8.5 Healthcare
10.6.8.6 Others
10.6.9 Historic and Forecast Market Size by Country
10.6.9.1 Turkiye
10.6.9.2 Bahrain
10.6.9.3 Kuwait
10.6.9.4 Saudi Arabia
10.6.9.5 Qatar
10.6.9.6 UAE
10.6.9.7 Israel
10.6.9.8 South Africa
10.7. South America Torque Sensor Market
10.7.1 Key Market Trends, Growth Factors and Opportunities
10.7.2 Top Key Companies
10.7.3 Historic and Forecasted Market Size by Segments
10.7.4 Historic and Forecasted Market Size By By Type
10.7.4.1 Dynamic Torque Sensor
10.7.4.2 Joint Torque Sensor
10.7.4.3 6 axis force/torque sensor
10.7.4.4 4 Axis force/torque sensor
10.7.4.5 Static Torque Sensor
10.7.5 Historic and Forecasted Market Size By By Configuration
10.7.5.1 Wired Torque Sensor
10.7.5.2 Wireless Torque Sensor
10.7.6 Historic and Forecasted Market Size By By Application
10.7.6.1 Robotics
10.7.6.2 Engines
10.7.6.3 Automotive safety system
10.7.6.4 Assembly welding
10.7.6.5 Aircraft flight control
10.7.6.6 Medical devices
10.7.6.7 Others
10.7.7 Historic and Forecasted Market Size By By Tecghnology
10.7.7.1 Surface Acoustic Wave
10.7.7.2 Magnetoelastic
10.7.7.3 Optical
10.7.7.4 Strain Gauge
10.7.8 Historic and Forecasted Market Size By By Industry Vertical
10.7.8.1 Automotive
10.7.8.2 Industrial
10.7.8.3 Test & Measurement
10.7.8.4 Aerospace & Defense
10.7.8.5 Healthcare
10.7.8.6 Others
10.7.9 Historic and Forecast Market Size by Country
10.7.9.1 Brazil
10.7.9.2 Argentina
10.7.9.3 Rest of SA
Chapter 11 Analyst Viewpoint and Conclusion
11.1 Recommendations and Concluding Analysis
11.2 Potential Market Strategies
Chapter 12 Research Methodology
12.1 Research Process
12.2 Primary Research
12.3 Secondary Research
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Torque Sensor Market by By Type (2018-2032)
4.1 Torque Sensor Market Snapshot and Growth Engine
4.2 Market Overview
4.3 Dynamic Torque Sensor
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
4.3.3 Key Market Trends, Growth Factors, and Opportunities
4.3.4 Geographic Segmentation Analysis
4.4 Joint Torque Sensor
4.5 6 axis force/torque sensor
4.6 4 Axis force/torque sensor
4.7 Static Torque Sensor
Chapter 5: Torque Sensor Market by By Configuration (2018-2032)
5.1 Torque Sensor Market Snapshot and Growth Engine
5.2 Market Overview
5.3 Wired Torque Sensor
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
5.3.3 Key Market Trends, Growth Factors, and Opportunities
5.3.4 Geographic Segmentation Analysis
5.4 Wireless Torque Sensor
Chapter 6: Torque Sensor Market by By Application (2018-2032)
6.1 Torque Sensor Market Snapshot and Growth Engine
6.2 Market Overview
6.3 Robotics
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
6.3.3 Key Market Trends, Growth Factors, and Opportunities
6.3.4 Geographic Segmentation Analysis
6.4 Engines
6.5 Automotive safety system
6.6 Assembly welding
6.7 Aircraft flight control
6.8 Medical devices
6.9 Others
Chapter 7: Torque Sensor Market by By Tecghnology (2018-2032)
7.1 Torque Sensor Market Snapshot and Growth Engine
7.2 Market Overview
7.3 Surface Acoustic Wave
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
7.3.3 Key Market Trends, Growth Factors, and Opportunities
7.3.4 Geographic Segmentation Analysis
7.4 Magnetoelastic
7.5 Optical
7.6 Strain Gauge
Chapter 8: Torque Sensor Market by By Industry Vertical (2018-2032)
8.1 Torque Sensor Market Snapshot and Growth Engine
8.2 Market Overview
8.3 Automotive
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
8.3.3 Key Market Trends, Growth Factors, and Opportunities
8.3.4 Geographic Segmentation Analysis
8.4 Industrial
8.5 Test & Measurement
8.6 Aerospace & Defense
8.7 Healthcare
8.8 Others
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Benchmarking
9.1.2 Torque Sensor Market Share by Manufacturer (2024)
9.1.3 Industry BCG Matrix
9.1.4 Heat Map Analysis
9.1.5 Mergers and Acquisitions
9.2 APPLIED MEASUREMENTS LIMITED
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Role of the Company in the Market
9.2.5 Sustainability and Social Responsibility
9.2.6 Operating Business Segments
9.2.7 Product Portfolio
9.2.8 Business Performance
9.2.9 Key Strategic Moves and Recent Developments
9.2.10 SWOT Analysis
9.3 CRANE ELECTRONICS INCDATUM ELECTRONICS LIMITED (INDUTRADE AB)
9.4 FUTEK ADVANCED SENSOR TECHNOLOGY INCHITACHI LIMITED
9.5 HONEYWELL INTERNATIONAL INCHOTTINGER BALDWIN MESSTECHNIK GMBH (SPECTRIS PLC)
9.6 INFINEON TECHNOLOGIES AG
9.7 KISTLER HOLDING AG
9.8 NORBAR TORQUE TOOLS LIMITED (SNAP-ON INCORPORATED)
9.9 PCB PIEZOTRONICS INC. (MTS SYSTEMS CORPORATION)
9.10 OTHER KEY PLAYERS
Chapter 10: Global Torque Sensor Market By Region
10.1 Overview
10.2. North America Torque Sensor Market
10.2.1 Key Market Trends, Growth Factors and Opportunities
10.2.2 Top Key Companies
10.2.3 Historic and Forecasted Market Size by Segments
10.2.4 Historic and Forecasted Market Size By By Type
10.2.4.1 Dynamic Torque Sensor
10.2.4.2 Joint Torque Sensor
10.2.4.3 6 axis force/torque sensor
10.2.4.4 4 Axis force/torque sensor
10.2.4.5 Static Torque Sensor
10.2.5 Historic and Forecasted Market Size By By Configuration
10.2.5.1 Wired Torque Sensor
10.2.5.2 Wireless Torque Sensor
10.2.6 Historic and Forecasted Market Size By By Application
10.2.6.1 Robotics
10.2.6.2 Engines
10.2.6.3 Automotive safety system
10.2.6.4 Assembly welding
10.2.6.5 Aircraft flight control
10.2.6.6 Medical devices
10.2.6.7 Others
10.2.7 Historic and Forecasted Market Size By By Tecghnology
10.2.7.1 Surface Acoustic Wave
10.2.7.2 Magnetoelastic
10.2.7.3 Optical
10.2.7.4 Strain Gauge
10.2.8 Historic and Forecasted Market Size By By Industry Vertical
10.2.8.1 Automotive
10.2.8.2 Industrial
10.2.8.3 Test & Measurement
10.2.8.4 Aerospace & Defense
10.2.8.5 Healthcare
10.2.8.6 Others
10.2.9 Historic and Forecast Market Size by Country
10.2.9.1 US
10.2.9.2 Canada
10.2.9.3 Mexico
10.3. Eastern Europe Torque Sensor Market
10.3.1 Key Market Trends, Growth Factors and Opportunities
10.3.2 Top Key Companies
10.3.3 Historic and Forecasted Market Size by Segments
10.3.4 Historic and Forecasted Market Size By By Type
10.3.4.1 Dynamic Torque Sensor
10.3.4.2 Joint Torque Sensor
10.3.4.3 6 axis force/torque sensor
10.3.4.4 4 Axis force/torque sensor
10.3.4.5 Static Torque Sensor
10.3.5 Historic and Forecasted Market Size By By Configuration
10.3.5.1 Wired Torque Sensor
10.3.5.2 Wireless Torque Sensor
10.3.6 Historic and Forecasted Market Size By By Application
10.3.6.1 Robotics
10.3.6.2 Engines
10.3.6.3 Automotive safety system
10.3.6.4 Assembly welding
10.3.6.5 Aircraft flight control
10.3.6.6 Medical devices
10.3.6.7 Others
10.3.7 Historic and Forecasted Market Size By By Tecghnology
10.3.7.1 Surface Acoustic Wave
10.3.7.2 Magnetoelastic
10.3.7.3 Optical
10.3.7.4 Strain Gauge
10.3.8 Historic and Forecasted Market Size By By Industry Vertical
10.3.8.1 Automotive
10.3.8.2 Industrial
10.3.8.3 Test & Measurement
10.3.8.4 Aerospace & Defense
10.3.8.5 Healthcare
10.3.8.6 Others
10.3.9 Historic and Forecast Market Size by Country
10.3.9.1 Russia
10.3.9.2 Bulgaria
10.3.9.3 The Czech Republic
10.3.9.4 Hungary
10.3.9.5 Poland
10.3.9.6 Romania
10.3.9.7 Rest of Eastern Europe
10.4. Western Europe Torque Sensor Market
10.4.1 Key Market Trends, Growth Factors and Opportunities
10.4.2 Top Key Companies
10.4.3 Historic and Forecasted Market Size by Segments
10.4.4 Historic and Forecasted Market Size By By Type
10.4.4.1 Dynamic Torque Sensor
10.4.4.2 Joint Torque Sensor
10.4.4.3 6 axis force/torque sensor
10.4.4.4 4 Axis force/torque sensor
10.4.4.5 Static Torque Sensor
10.4.5 Historic and Forecasted Market Size By By Configuration
10.4.5.1 Wired Torque Sensor
10.4.5.2 Wireless Torque Sensor
10.4.6 Historic and Forecasted Market Size By By Application
10.4.6.1 Robotics
10.4.6.2 Engines
10.4.6.3 Automotive safety system
10.4.6.4 Assembly welding
10.4.6.5 Aircraft flight control
10.4.6.6 Medical devices
10.4.6.7 Others
10.4.7 Historic and Forecasted Market Size By By Tecghnology
10.4.7.1 Surface Acoustic Wave
10.4.7.2 Magnetoelastic
10.4.7.3 Optical
10.4.7.4 Strain Gauge
10.4.8 Historic and Forecasted Market Size By By Industry Vertical
10.4.8.1 Automotive
10.4.8.2 Industrial
10.4.8.3 Test & Measurement
10.4.8.4 Aerospace & Defense
10.4.8.5 Healthcare
10.4.8.6 Others
10.4.9 Historic and Forecast Market Size by Country
10.4.9.1 Germany
10.4.9.2 UK
10.4.9.3 France
10.4.9.4 The Netherlands
10.4.9.5 Italy
10.4.9.6 Spain
10.4.9.7 Rest of Western Europe
10.5. Asia Pacific Torque Sensor Market
10.5.1 Key Market Trends, Growth Factors and Opportunities
10.5.2 Top Key Companies
10.5.3 Historic and Forecasted Market Size by Segments
10.5.4 Historic and Forecasted Market Size By By Type
10.5.4.1 Dynamic Torque Sensor
10.5.4.2 Joint Torque Sensor
10.5.4.3 6 axis force/torque sensor
10.5.4.4 4 Axis force/torque sensor
10.5.4.5 Static Torque Sensor
10.5.5 Historic and Forecasted Market Size By By Configuration
10.5.5.1 Wired Torque Sensor
10.5.5.2 Wireless Torque Sensor
10.5.6 Historic and Forecasted Market Size By By Application
10.5.6.1 Robotics
10.5.6.2 Engines
10.5.6.3 Automotive safety system
10.5.6.4 Assembly welding
10.5.6.5 Aircraft flight control
10.5.6.6 Medical devices
10.5.6.7 Others
10.5.7 Historic and Forecasted Market Size By By Tecghnology
10.5.7.1 Surface Acoustic Wave
10.5.7.2 Magnetoelastic
10.5.7.3 Optical
10.5.7.4 Strain Gauge
10.5.8 Historic and Forecasted Market Size By By Industry Vertical
10.5.8.1 Automotive
10.5.8.2 Industrial
10.5.8.3 Test & Measurement
10.5.8.4 Aerospace & Defense
10.5.8.5 Healthcare
10.5.8.6 Others
10.5.9 Historic and Forecast Market Size by Country
10.5.9.1 China
10.5.9.2 India
10.5.9.3 Japan
10.5.9.4 South Korea
10.5.9.5 Malaysia
10.5.9.6 Thailand
10.5.9.7 Vietnam
10.5.9.8 The Philippines
10.5.9.9 Australia
10.5.9.10 New Zealand
10.5.9.11 Rest of APAC
10.6. Middle East & Africa Torque Sensor Market
10.6.1 Key Market Trends, Growth Factors and Opportunities
10.6.2 Top Key Companies
10.6.3 Historic and Forecasted Market Size by Segments
10.6.4 Historic and Forecasted Market Size By By Type
10.6.4.1 Dynamic Torque Sensor
10.6.4.2 Joint Torque Sensor
10.6.4.3 6 axis force/torque sensor
10.6.4.4 4 Axis force/torque sensor
10.6.4.5 Static Torque Sensor
10.6.5 Historic and Forecasted Market Size By By Configuration
10.6.5.1 Wired Torque Sensor
10.6.5.2 Wireless Torque Sensor
10.6.6 Historic and Forecasted Market Size By By Application
10.6.6.1 Robotics
10.6.6.2 Engines
10.6.6.3 Automotive safety system
10.6.6.4 Assembly welding
10.6.6.5 Aircraft flight control
10.6.6.6 Medical devices
10.6.6.7 Others
10.6.7 Historic and Forecasted Market Size By By Tecghnology
10.6.7.1 Surface Acoustic Wave
10.6.7.2 Magnetoelastic
10.6.7.3 Optical
10.6.7.4 Strain Gauge
10.6.8 Historic and Forecasted Market Size By By Industry Vertical
10.6.8.1 Automotive
10.6.8.2 Industrial
10.6.8.3 Test & Measurement
10.6.8.4 Aerospace & Defense
10.6.8.5 Healthcare
10.6.8.6 Others
10.6.9 Historic and Forecast Market Size by Country
10.6.9.1 Turkiye
10.6.9.2 Bahrain
10.6.9.3 Kuwait
10.6.9.4 Saudi Arabia
10.6.9.5 Qatar
10.6.9.6 UAE
10.6.9.7 Israel
10.6.9.8 South Africa
10.7. South America Torque Sensor Market
10.7.1 Key Market Trends, Growth Factors and Opportunities
10.7.2 Top Key Companies
10.7.3 Historic and Forecasted Market Size by Segments
10.7.4 Historic and Forecasted Market Size By By Type
10.7.4.1 Dynamic Torque Sensor
10.7.4.2 Joint Torque Sensor
10.7.4.3 6 axis force/torque sensor
10.7.4.4 4 Axis force/torque sensor
10.7.4.5 Static Torque Sensor
10.7.5 Historic and Forecasted Market Size By By Configuration
10.7.5.1 Wired Torque Sensor
10.7.5.2 Wireless Torque Sensor
10.7.6 Historic and Forecasted Market Size By By Application
10.7.6.1 Robotics
10.7.6.2 Engines
10.7.6.3 Automotive safety system
10.7.6.4 Assembly welding
10.7.6.5 Aircraft flight control
10.7.6.6 Medical devices
10.7.6.7 Others
10.7.7 Historic and Forecasted Market Size By By Tecghnology
10.7.7.1 Surface Acoustic Wave
10.7.7.2 Magnetoelastic
10.7.7.3 Optical
10.7.7.4 Strain Gauge
10.7.8 Historic and Forecasted Market Size By By Industry Vertical
10.7.8.1 Automotive
10.7.8.2 Industrial
10.7.8.3 Test & Measurement
10.7.8.4 Aerospace & Defense
10.7.8.5 Healthcare
10.7.8.6 Others
10.7.9 Historic and Forecast Market Size by Country
10.7.9.1 Brazil
10.7.9.2 Argentina
10.7.9.3 Rest of SA
Chapter 11 Analyst Viewpoint and Conclusion
11.1 Recommendations and Concluding Analysis
11.2 Potential Market Strategies
Chapter 12 Research Methodology
12.1 Research Process
12.2 Primary Research
12.3 Secondary Research
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Global Torque Sensor Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2024: |
USD 8.9 Bn. |
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Forecast Period 2024-32 CAGR: |
7.8 % |
Market Size in 2032: |
USD 17.5 Bn. |
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Segments Covered: |
By Type |
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Companies Covered in the report: |
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Frequently Asked Questions :
What would be the forecast period in the Torque Sensor Market research report?
The forecast period in the Torque Sensor Market research report is 2024-2032.
Who are the key players in the Torque Sensor Market?
Applied Measurements Limited, Crane Electronics Inc., Datum Electronics Limited (Indutrade AB), FUTEK Advanced Sensor Technology Inc., Hitachi Limited, Honeywell International Inc., Hottinger Baldwin Messtechnik GmbH (Spectris plc), Infineon Technologies AG, Kistler Holding AG, Norbar Torque Tools Limited (Snap-on Incorporated), PCB Piezotronics Inc. (MTS Systems Corporation), and Other Major Players.
What are the segments of the Torque Sensor Market?
The Torque Sensor Market is segmented into type, application, configuration, technology, industry vertical and region. By type, the market is categorized into Dynamic Torque Sensor, Joint Torque Sensor, 6 axis force/torque sensor, 4 Axis force/torque sensor, Static Torque Sensor. By application, the market is categorized into Robotics, Engines, Automotive safety system, Assembly welding, Aircraft flight control, Medical devices, and Others. By configuration, the market is categorized into Wired Torque Sensor, and Wireless Torque Sensor. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Torque Sensor Market?
A torque sensor is also commonly known as torque transducer or torque meter, and that is essentially a calibrated instrument used to measure the torque at a rotating system. It transforms the mechanical torque into an electrical signal so as to enable the measurements and analysis to be made.
How big is the Torque Sensor Market?
Torque Sensor Market Size Was Valued at USD 8.9 Billion in 2023, and is Projected to Reach USD 17.5 Billion by 2032, Growing at a CAGR of 7.8% From 2024-2032.
