Torque Sensor Market 2022-2031: Size, Share, Segments, Research, Analysis, And Forecast

The global torque sensor market size is expected to grow from $6.68 billion in 2021 to $7.66 billion in 2022 at a compound annual growth rate (CAGR) of 14.63%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global torque sensors market is expected to reach $15.76 billion in 2026 at a CAGR of 19.77%.

The Business Research Company offers the Torque Sensor Global Market Report 2022 in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

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The torque sensor market consists of sales of torque sensors by entities (organizations, sole traders, and partnerships) that manufacture torque sensors. A torque sensor is a transducer that converts mechanical torque to an electrical signal. There are two types of torque sensors - reaction and rotary. Torque sensors are used in numerous applications in the automotive, motorsports, aerospace, rail, and construction industries. Some of the applications of torque sensors include drag torque measurement, precision mechanics, screwing technology, and testing tools.

Some key torque sensor market players are ABB Group, Applied Measurements Ltd., Crane Electronics Ltd., FUTEK Advanced Sensor Technology Inc, Honeywell International Inc., Infineon Technologies AG, Kistler Group (Kistler Holding AG), MagCanica Inc., Snap-On Inc. (Norbar Torque Tools), Datum Electronics Limited, HBM GmBH, PCB Piezotronics, Interface Inc., Teledyne Technologies Inc., TE Connectivity, Bota Systems, HITEC Sensor Solutions, KONUX, Mountz, Robotiq, S. Himmelstein & Company, Transense Technologies, and ATI Industrial Automation Inc..

The countries covered in the global torque sensor market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global torque sensor market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Torque Sensor Market Segmentation:

By Type
1. Reaction Torque Sensor
2. Rotary Torque Sensor

By Technology
1. Strain Gauge
2. Surface Acoustic Wave (SAW)
3. Optical, Magnetoelastic

By Application
1. Automotive
2. Industrial
3. Aerospace and Defense
4. Healthcare

See more on the report at https://www.thebusinessresearchcompany.com/report/torque-sensor-global-market-report

The Report's Table Of Contents includes
1. Executive Summary
2. Torque Sensor Market Characteristics
3. Torque Sensor Market Trends And Strategies
4. Impact Of COVID-19 On Torque Sensor
5. Torque Sensor Market Size And Growth
……
26. Africa Torque Sensor Market
27. Torque Sensor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Torque Sensor Market
29. Torque Sensor Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the torque sensor market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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