Press release
Rotating Torque Sensors Market 2021 Top Manufacturers, Growth, Development Trends, Market Demands, Industry Analysis and Forecast by 2027
The “Rotating Torque Sensors Market” investigate report included by MarketIntelligenceData is an in-depth examination of the most recent patterns, market estimate, status, up and coming innovations, industry drivers, challenges, administrative arrangements, with key company profiles and procedures of players. The research consider gives market presentation Rotating Torque Sensors definition, territorial market scope, deals and income by locale, fabricating fetched examination, Mechanical Chain, market impact variables investigation Rotating Torque Sensors Market size estimate, 100+ showcase information, Tables, Pie Chart, Charts and Figures, and numerous more for trade insights. This investigates report too gives post COVID-19 affect investigation of the Rotating Torque Sensors industry.The Rotating Torque Sensors Market put is appearing unfaltering increase and making at a CAGR of 9.7% at a threatened point of 2021-2027.
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Top Companies in the Global Rotating Torque Sensors Market:
HBM,Futek,Applied Measurements,ETH-messtechnik,Lorenz Messtechnik,Burster,Mountz,Scaime,Kistler,Hitec
Recent Development
April 2020 - Infineon Technologies AG announced the completion of the acquisition of Cypress Semiconductor Corporation. The company also stated that the addition of Cypress would let Infineon further strengthen its focus on structural growth drivers and a broader range of applications. This will also accelerate the company’s path for profitable growth. Cypress primarily adds a differentiated portfolio of microcontrollers, connectivity components, software ecosystems, and high-performance memories, all of which complement the company’s power semiconductors, automotive microcontrollers, sensors, and security solutions.
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.
The Rotating Torque Sensors Market is segmented based on:
On the basis of type:
Contact-based sensing
Noncontact-based sensing
On the basis of application:
Automotive
Aerospace
Marine
Industrial Machinery
Others
The research study assesses the by and a large measure of the market, by making utilize of a bottom-up approach, wherein information for diverse industry verticals, and end-user businesses and their applications over different item sorts have been recorded and anticipated amid the estimated period. These fragments and sub-segments have been recorded from the industry pros and experts, as well as company agents, and are ostensibly approved by dissecting past year’s information of these fragments and sub-segments for getting an exact and total Rotating Torque Sensors market size.
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Regional Analysis:
Countries such as Japan, South Korea, China, and India are rapidly transforming their manufacturing sector with automated equipment to increase production efficiency and meet the industry needs. Moreover, the industrial automation and robotic industry are witnessing the growing adoption of rotary torque sensors, which is, in turn, driving the market.
Its automotive sector majorly dominates the demand for torque sensors in India. According to Catapult Organizations report 2021, electric vehicles (EVs) currently account for less than 1% of total vehicle sales in India; the market is increasing and is expected to be worth around at least GBP 4.8 billion (INR 475 billion) by 2027. However, two-wheelers account for the largest share of this market at 62%, followed by three-wheelers at 37%. Further, the favoring government policies and heavy investments from automakers are expected to spike the demand for torque sensors for the automotive industry in India.
On the other hand, according to Hennessy Funds, Japan is the global leader in producing robots and factory automation systems and holds 30% of the worldwide market share. Further, the global demand for industrial robots is growing at 46% annually, and the global robotics market is estimated to reach USD 248.5 billion by 2027. Such figures depict the rising demand for torque solutions in the industrial automation sector, with Japan being the primary aggregator in the market.
In 2020, China’s industrial robotics market grew by 9.5%, further indicating increased demand for torque sensors. Moreover, the Chinese government aims to double domestic companies’ market share from 30-40% to 70% by 2027, according to the country’s five-year plan approved earlier in the year 2021.
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Table of Contents Rotating Torque Sensors Market
- Chapter 1: Overview of Rotating Torque Sensors Market
- Chapter 2: Global Market Status and Forecast by Regions
- Chapter 3: Global Market Status and Forecast by Types
- Chapter 4: Global Market Status and Forecast by Downstream Industry
- Chapter 5: Market Driving Factor Analysis
- Chapter 6: Market Competition Status by Major Manufacturers
- Chapter 7: Major Manufacturers Introduction and Market Data
- Chapter 8: Upstream and Downstream Market Analysis
- Chapter 9: Cost and Gross Margin Analysis
- Chapter 10: Marketing Status Analysis
- Chapter 11: Market Report Conclusion
- Chapter 12: Research Methodology and Reference.
Reasons to Invest:
Market Size Forecasts: The authors of the report have provided accurate estimation of the global Rotating Torque Sensors market size based on value and volume
Market Trend Analysis: This section of the report throws light on the approaching trends and developments in the global Rotating Torque Sensors market
Future Prospects: The report here offers crucial information on the rewarding opportunities in the global Rotating Torque Sensors market
Customization Available: Global Rotating Torque Sensors Market
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