Torque Sensors Market Outlook: Poised For a Strong 2020 | Honeywell International, ABB, Kistler Holding

The torque sensor is also called as torque transducer or torque meter, is an electronic device designed for recording or measuring torque on any rotating systems such as the gearbox, transmission, rotor, motor engine, cap torque tester, and others. The rapidly growing automotive sector is supplementing the growth of the market due to its wide application in the automotive sector such as measuring torque in advanced high-performance vehicles, Electric Power Steering (EPS) Systems and others. Increasing adoption of torque sensors in the collaborative robots and high adoption of electric power steering (eps) systems have been acting as a driver for the market. However, low dependability of accessible torque sensors in high-end applications, high initial investment and lack of skilled labor are the limiting factors for the market. According to AMA, the Global Torque Sensors market is expected to see growth rate of 7.9% and may see market size of USD14.83 Billion by 2024.

Advance Market Analytics released the research report of Global Torque Sensors Market, offers a detailed overview of the factors influencing the global business scope. Torque Sensors Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Torque Sensors. This Report covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are ABB (Switzerland), Crane electronics (United Kingdom), FUTEK Advanced Sensor Technology (United States), Applied Measurements (United Kingdom), Honeywell International (United States), Kistler Holding (Switzerland), Sensor Technology (United Kingdom), Hottinger Baldwin Messtechnik (Germany), Norbar Torque Tools (United Kingdom) and Infineon Technologies (Germany).

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Market Trend
o An Evolution of New Torque Measurement Technologies such as Non-Contact Torque Sensors and Wireless Sensors
o Increasing Adoption of Torque Sensors in the Collaborative Robots

Market Drivers
o Rising Demand from Automotive Sector due to the Requirement of Advanced High-Performance Vehicles
o Increasing Importance of Torque Measurement in Many industrial and Automotive Application

Opportunities
o High Adoption of Electric Power Steering (EPS) Systems in Automotive Sector may grow the market
o Increasing Adoption of Wireless Torque Sensors in an Electric Vehicle

Restraints
o Low Dependability of Accessible Torque Sensors in High-End Applications

Challenges
o High Initial Investment and Lack of Skilled Labor

The Global Torque Sensors Market segments and Market Data Break Down are illuminated below:
by Application (Motor Power Detection, Pump Power Detection, Car and Shipping Power Detection, Viscometer, Laboratory, Qualitative Inspect Branch, Other), Mechanical Configuration (Flange Style, Shaft Style), Product Type (Rotary Torque Sensor (Contact-Based, Noncontact-Based), Reaction Torque Sensor, Magnetoelastic Torque Sensors, Optical Torque Sensors, Surface Acoustic Wave Torque Sensors, Others), End User Industry (Aerospace & Defense, Manufacturing, Automotive, Others (Agriculture, Mining, and Medical)), Sensor Type (Static, Dynamic)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Torque Sensors Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Torque Sensors market
Chapter 2: Exclusive Summary - the basic information of the Torque Sensors Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Torque Sensors
Chapter 4: Presenting the Torque Sensors Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Torque Sensors market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Torque Sensors Market is a valuable source of guidance for individuals and companies.

Data Sources & Methodology
The primary sources involves the industry experts from the Global Torque Sensors Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources - Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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