Torque Sensor Market Growth | Trends, Demand & Key Players 2024-2032| ABB Ltd, Honeywell International Inc., Kistler Group

The Torque Sensor Market is Valued USD 8.19 billion in 2024 and projected to reach USD 23.58 billion by 2032, growing at a CAGR of 12.60% During the Forecast period of 2024-2032.

The Global torque sensors market is anticipated to witness positive growth over the forecast period due to growing demand for sensors from industrial robots. Torque sensors play a crucial role in industrial robots for measuring the torque on various joints during operations. The advantages of torque sensors in industrial robots such as high accuracy, compact size, and ability to withstand harsh environment further increases its usage. Increasing industrial automation and adoption of collective robots or cobots across various industries including automotive, electronics, food & beverages, and packaging can boost demand for torque sensors during the forecast period. Rising focus on implementation of Industry 4.0 can offer opportunities for torque sensor manufacturers in the near future.

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Torque Sensor Market Segments:

According to the report, the Torque Sensor Market is segmented in the following ways which fulfil the market data needs of multiple stakeholders across the industry value chain -

The Leading Players involved in the global Torque Sensor Market are:

Honeywell International Inc., FUTEK Advanced Sensor Technology, Inc., Kistler Group, Infineon Technologies AG, Sensor Technology Ltd, Datum Electronics Ltd, TE Connectivity Ltd, ABB Ltd, HBM Test and Measurement, PCB Piezotronics, Inc., Applied Measurements Ltd, Interface, Inc., Crane Electronics Ltd, Magtrol, Inc., Transense Technologies plc, Futek Japan Co., Ltd, Mountz, Inc., Lorenz Messtechnik GmbH, KTR Systems GmbH, DATCOM Inc. and Others.

Industry News:

January 2024: Kistler - introduced KiTorq as its modular and customized torque measuring device. The system provides high precision and accuracy in the measurement and can be tailored to meet different industry applications. They include the automotive, aerospace, and industrial automation industries.

March 2024: HBM Launched the T40CB Torque Sensor for testing electric motors and gearboxes. The sensor provides high accuracy for measuring not only static but also dynamic torque. The machine has been designed specifically for use in the automotive and aerospace industries.

Market segmentation:

By Type
Reaction torque sensors
Rotary torque sensors

By Mechanical Configuration
Shaft Style
Flange Style

By Technology
Strain Gauge
Surface Acoustic Wave (SAW)
Optical
Magnetoelastic

By Application
Automotive
Test & Measurement
Industrial
Aerospace & Defense
Others

Countries Covered:

North America (U.S. and Canada)

Latin America (Mexico, Brazil, Peru, Chile, and others)

Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)

Eastern Europe (Poland and Russia)

Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)

Middle East and Africa (GCC, Southern Africa, and North Africa)

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Key Features of the Torque Sensor Market Report:

✅ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.

✅ Examine the market opportunities for stakeholders by identifying higher growth sections.

✅ To study and analyze the global market industry status and forecast including key regions.

✅ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

✅ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

✅ It helps you make strategic business decisions and investment plans.

Table of Content:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Torque Sensor Market

Chapter 2: Exclusive Summary - the basic information of the Torque Sensor Market

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Torque Sensor Market

Chapter 4: Presenting the Torque Sensor 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/Country

Chapter 6: Evaluating the leading manufacturers of the Torque Sensor 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/Company with revenue share and sales by key countries in these various regions (2025-2032)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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This release was published on openPR.