Torque Sensor Market Size By Type, Application, Key Players, Geographic Scope and Forecast 2023 - 2030

Torque Sensor Market size was valued at USD 6.56 Billion in 2022 and is projected to reach USD 10.36 Billion by 2030, growing at a CAGR of 5.30% from 2023 to 2030.

Torque Sensor Market Definition

The Torque Sensor is a transducer that converts a mechanical input into an electrical output signal. There are two types of torque sensor namely, the dynamic torque sensor and the static torque sensor. The reaction torque sensor measures the static torque, and the rotary measures the dynamic torque. The Torque measurements are critical to process control and monitoring. There are several applications that require repeatable and accurate torque measurements such as tightening torque of the threaded fasteners, motor output horsepower measurement, and industrial automation processes.

The torque meter or Torque transducer performs an extremely vital role in ensuring torque is measured accurately. This ensures the integrity of safety. The torque sensors are widely used in various industries and automotive applications, where the reliability of the connection is a very important concern. Additionally, the industrial torque sensor provides the reliability of an operation in harsh environments.

Torque Sensor Market Overview

The increasing trend towards automation across all end-user industries is boosting the demand for industrial robots and torque measurement being a vital parameter in rotating parts of the industrial robots would boost the adoption of the torque sensors in the robots. Furthermore, with the increasing demands to improve safety, control, and pilot operations, aerospace companies are expected to adopt torque sensors because these sensors measure torque in-flight controls, actuation systems, and braking systems.

Companies operating in the market are coming up with improved products that are suitable for particular applications. Torque measurement is important in technological applications such as engine and transmission testing, turbine testing, pump testing, and power measurement within propulsion systems. In the development of industrial motors and combustion engines, torque is one of the essential parameters. In addition, torque measurement is required in almost every machine that attains an angular momentum, including the screw caps on the medicine bottles and engines to improve mechanical performance.

Torque-sensing is one of the methods used to increase the efficiency of machines, engines, and embedded systems. Additionally, torque sensors are also used as auditing tools for motors, power tools, turbines, and generators. Therefore, the demand for torque sensors is increasing over the past few years, and the trend is likely to remain the same in the upcoming years. Some of the most demanding applications, such as aerospace, marine, and racing, require torque sensors with the highest accuracy and reliability for smooth and dependable measurements.

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Global Torque Sensor Market: Major Players
FUTEK
Crane Electronics
Honeywell
Interface
Kistler Instrument
Datum Electronics
Transducer Techniques
PCB Piezotronics

Global Torque Sensor Market: By Types
Rotary Torque Sensors
Static/Reaction Torque Sensors
Magnetoelastic Torque Sensors

Global Torque Sensor Market: By Applications
Automotive Applications
Industrial Applications
Test and Measurement Applications

Global Torque Sensor Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Torque Sensor market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Questions Answered in This Report:

How has the global torque sensor market performed so far and how will it perform in the coming years?

What are the key regional markets?

What has been the impact of COVID-19 on the global torque sensor industry?

What is the breakup of the market based on the type?

What is the breakup of the market based on the technology?

What is the breakup of the market based on the application?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global torque sensor market and who are the key players?

What is the degree of competition in the industry?

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