Torque Sensor Market 2021 Size, Status and Precise Outlook | ABB Ltd, Crane Electronics Ltd, HBM Company, Applied Measurements Ltd., Honeywell International

The Global Torque Sensor Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The torque sensor market is expected to register a CAGR of 7.5% during the forecast period 2020-2025.

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Key Players:

ABB Ltd, Crane Electronics Ltd, HBM Company, Applied Measurements Ltd., Honeywell International, Norbar Torque Tools Ltd, Infineon Technologies AG, Teledyne Technologies, Inc., TE Connectivity Ltd, Datum Electronics Ltd, PCB Piezotronics, Inc., Kistler Instrumente AG, MagCanica, Inc and others.

Industry News

- January 2020- PACCAR Inc. partnered with Dana Incorporated on electric powertrain development for medium-duty Kenworth battery electric vehicles. Mechanical modifications to the Kenworth T680 would include redundant steering torque overlay system, upgraded high capacity alternator, a high-fidelity electronically controlled air braking system, and the addition of rear seats in the sleeper structure for the autonomous engineering team.
- September 2019 - Datum Electronics along with Comtel Corporation launched torque transducers, bolt-on strain & load sensors and shaft power measurement devices, for automotive testing applications.

Key Market Trends

Applications in Automotive Industry Offers Potential Growth

- On the basis of the applications, the automotive industry is the major contributor to torque sensors market growth. Torque sensors are mainly used in the tire braking system, motor dynamometers, friction-skid testing, and twist measurement. Additionally, powertrain, brake, and suspension systems are tested using torque sensors, which are also used to measure horsepower in the interest of improving fuel efficiency.
- Moreover, due to the increasing penetration of hybrid vehicles globally, the electric motor provides instant torque, improving drivability and performance especially at low speeds, which is a desirable feature. Such features are driving the torque sensors in the hybrid vehicles.
- Also, the electric vehicles faced with consumer demand for vehicles that offer lower fuel consumption, greater operating safety, longer-lasting reliability, and higher levels of comfort. This demand has resulted in the increase of adoption of the torque sensors in the automotive industry.
- For instance, in December 2019, Porsche Engineering has developed and begun testing a new torque control system for an all-wheel-drive electric SUV that is expected to provide maximum stability and safety when driving, all without using additional sensors on board.
- Also mandated safety systems, such as tire pressure monitoring systems attained full implementation in new vehicles in major automotive markets. Thus, such initiatives are expected to increase the adoption of the torque sensors in the market.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Torque Sensor market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Personal Protective Equipment market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Torque Sensor market.

Market Segments: This part of the report discusses product type and application segments of the global Torque Sensor market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Torque Sensor used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

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Finally, the Torque Sensor Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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