Torque Sensor Market Anticipated to Garner $16.82 Billion By 2026 at a CAGR of 7.7% | Top Impacting Factors and Growth Opportunities
Access Full Summary @ https://www.alliedmarketresearch.com/torque-sensor-market-A06075
The Torque meters or Torque transducers are used to measure the torque of the systems that are rotating such as electric motors, gear box, craft shifts, and others. An important parameter in all the machines and engines is torque, which requires constant monitoring and measurement. The market is growing, owing to rise in application of torque sensors in the automotive sector. The market has a great opportunity to grow, owing to the development in the non-contact and wireless sensors.
The global torque sensor market is expected to witness high growth rate during the forecast period, owing to increase in demand for rotary and linear force torque sensors due to their wide usage in automotive application. Manufacturers of automotive are incorporating more torque sensors in their tools to add additional features and keep ahead of other players in the highly competitive market.
Get Up to 30% Discount - Hurry Up!
Make Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/6440
The sensors have penetrated in almost every industry vertical but have highest usage in automotive, followed by industrial and aerospace & defense, among others. Cars incorporate torque sensors such as rotary, reaction, pressure, and force, among others, to keep a track on parameters and provide a centralized system for automatic control. Increase in the trend of robotics in the production process is anticipated to boost the overall torque sensor market growth.
The torque sensors are used to keep a track of various parameters such as temperature, pressure, flow, level, and others to make the control of the whole process suitable and easy going through a robot. This is because the torque sensors measure and feed their values to a centralized unit, which controls these parameters automatically.
On the basis of torque sensor types, the dynamic torque sensor segment generated the highest revenue in 2018, followed by the static torque sensor segment. The torque sensor market trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe is expected to witness substantial growth in the global automotive steering torque sensor market. This is attributed to increase in demand for such vehicles in various countries such as Germany and the U.K.
The major factors that affect the adoption rate of torque sensor in North America include technological advancements and ongoing R&D activities in autonomous vehicles and in the automotive industry for the adoption of advanced technology. Moreover, rapid developments in the Middle East, in terms of technological developments and medical facilities fuel the growth of the LAMEA market.
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 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 market growth.
Download Sample Report (Get Full Insights in PDF - 200 Pages) @ https://www.alliedmarketresearch.com/request-sample/6440
Key Findings of the Study:
1. By type, the static torque sensor segment generated the highest revenue in the market in 2018.
2. By application, the automotive segment generated the highest revenue in the market in 2018.
3. By region, Asia-Pacific secured highest share in torque sensor industry in 2018.
The key market 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. These key players adopted several strategies such as new product launch and development, acquisition, partnership & collaboration, and business expansion to increase their torque sensor market share.
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Torque Sensor Market, By Type
Chapter 5: Torque Sensor Market, By Application
Chapter 6: Torque Sensor Market, By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles
Buy Now @ https://www.alliedmarketresearch.com/checkout-final/cce5c9f72c42cf8c3815d9c6a6524bd7
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Torque Sensor Market Anticipated to Garner $16.82 Billion By 2026 at a CAGR of 7.7% | Top Impacting Factors and Growth Opportunities here
News-ID: 1997382 • Views: 183
More Releases from Allied Market Research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
More Releases for Torque
Global Rotary Torque Sensors Market Insights, Forecast
The Rotary Torque Sensors market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Rotary Torque Sensors Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=49967 Table of Contents: Table of Contents 1 Study Coverage
Global Battery Torque Wrench Market Forecast 2018-2025 HYTORC, GEDORE Torque, IT …
Recently added detailed market study "Global Battery Torque Wrench Market" examines the performance of the Battery Torque Wrench market 2018. It encloses an in-depth Research of the Battery Torque Wrench market state and the competitive landscape globally. This report analyzes the potential of Battery Torque Wrench market in the present and the future prospects from various angles in detail. The Global Battery Torque Wrench Market 2018 report includes Battery Torque Wrench
SEAK Torque Market Report 2018: Segmentation by Type (Adjustable Click, Preset C …
Global SEAK Torque market research report provides company profile for Tonichi, King Tony, Gedore, Facom, Proto, Stahlwille and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the
Global Battery Torque Wrench Market 2018 - RAD Torque Systems, Torque Gun, ITH, …
Apex Market Reports, recently published a detailed market research study focused on the “Battery Torque Wrench Market” across the global, regional and country level. The report provides 360° analysis of “Battery Torque Wrench Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Battery
Global Torque Converter Market
Torque Converter Market: Introduction A torque converter can be identified as a device which acts as a link between the transmission and the engine, allowing a vehicle engine to spin separately from the transmission. The increase in the manufacture of automatic transmission (AT) vehicles has led to sight opportunities for torque converter market over the forecast period for its benefit of reduced use of clutches resulting to more ease in gear
Global Torque Transducer Market Research Report 2017
Summary This report studies Torque Transducer in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering VTI PCB Westzh Minebea Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Torque Transducer in these regions, from 2011 to 2021 (forecast), like North