HOME Top Market Reports Torque Sensor Market - By Technology (Rotary, Static/Reaction, Magnetoelastic, IR, SAW, Optical), Application (Automotive, Industrial, Test & Measurement, Aerospace & Defense, Medical) and Geography, Global Forecast & Analysis (2013-2018)

Torque Sensor Market - By Technology (Rotary, Static/Reaction, Magnetoelastic, IR, SAW, Optical), Application (Automotive, Industrial, Test & Measurement, Aerospace & Defense, Medical) and Geography, Global Forecast & Analysis (2013-2018)

By: marketsandmarkets.com
Publishing Date: June 2013
Report Code: SE 1875

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Torque Sensors hold significant importance in many technological applications. The measurement of torque is paramount in applications such as engine and transmission testing, turbine testing, pump testing, and measurement of power within propulsion systems. Torque measurement has been performed across various industry verticals over the past many years. The only thing that has been continuously changing over the years is the technology. While earlier techniques of torque measurement involved resistive and piezoresistive strain gauge methods, some of the recent techniques involve technologies such as infrared (IR), magneto elastic, optical and surface acoustic wave (SAW). The torque sensor market revolves around three major verticals: technology, application and geography. Each of the vertical is further segmented into individual sub-segments. The technology segment covers various types of torque sensors such as rotary, static/reaction, magneto elastic, surface acoustic wave (SAW) and optical. Rotary segment is further subdivided into contact and non-contact sensors of various types such as slip rings, rotary transformers, infrared (IR), and so on. Besides, the torque sensors have also been segmented based on their mounting configuration into shaft style and flange style. The application segment covers basic applications such as the automotive, industrial, test and measurement, aerospace and defence, medical and others. One of the major drivers for the torque sensor industry is the emergence of new technologies such as surface acoustic wave (SAW) and optical torque sensors.

Automotive is currently the largest application segment of torque sensors with wide range of applications such as dynamometers, steering systems, transmission, chassis performance and driveline. Recently, magneto elastic torque sensors have made their way into automotive applications and are being used in racing applications by a number of Formula 1 teams. Many more automotive applications have emerged during the span of last few years with numerous technological advancements and continuous demand in the market for precise and accurate torque measurement. APAC, being the largest producer of light vehicles, dominates the automotive applications market. Countries like China which produced close to 19 million light vehicles in 2012 are largely responsible for the huge demand of torque sensors in this region. Along with the detailed technology and application segments, the report also discusses regional market scenarios. The global market is fragmented into four regions: North America, Europe, APAC and ROW. While North America presently leads the global market, APAC is expected to outpace this region during the forecast period.

Table Of Contents 
 
1 Introduction (Page No. - 21)
  1.1 Key Take-Aways
  1.2 Report Description
  1.3 Markets Covered
  1.4 Stakeholders
  1.5 Research Methodology
      1.5.1 Market Size Estimation
      1.5.2 Market Crackdown And Data Triangulation
      1.5.3 Key Data Points Taken From Secondary Sources
      1.5.4 Key Data Points Taken From Primary Sources
      1.5.5 Assumptions Made For This Report
      1.5.6 List Of Companies Covered During Study

2 Executive Summary (Page No. - 36)

3 Market Overview (Page No. - 38)
  3.1 Introduction
  3.2 Market Definition
  3.3 History & Evolution Of Torque Sensors
  3.4 Market Dynamics
      3.4.1 Market Drivers
            3.4.1.1 Introduction Of Electric Vehicles
            3.4.1.2 Need For Better Fuel Efficiency
            3.4.1.3 Upgradation To Electric Power Steering Systems
            3.4.1.4 Trend Towards Condition-Based Maintenance (CBM)
      3.4.2 Market Restraints
            3.4.2.1 Lack Of Reliable Torque Sensors For High-End Applications
      3.4.3 Market Opportunities
            3.4.3.1 Evolution Of New Torque Sensing Technologies
  3.5 Burning Issues
      3.5.1 Changes In China’s Automobile Policy
  3.6 Winning Imperatives
      3.6.1 Accuracy
  3.7 Value Chain Analysis Of Torque Sensor Market
  3.8 Porter’s Five Forces Model
      3.8.1 Threat From New Entrants
      3.8.2 Threat From Substitutes
      3.8.3 Bargaining Power Of Suppliers
      3.8.4 Bargaining Power Of Customers
      3.8.5 Degree Of Competition
  3.9 Bcg Matrix For Torque Sensor Market
      3.9.1 By Type
      3.9.2 By Application

4 Torque Sensor Market By Technology (Page No. - 60)
  4.1 Introduction
  4.2 By Type
      4.2.1 Rotary Torque Sensors
            4.2.1.1 Major Applications Of Rotary Torque Sensors
            4.2.1.2 By Methods Used For Power And Signal Transfer
                    4.2.1.2.1 Contact
                              4.2.1.2.1.1 Torque Sensors With Slip Rings
                    4.2.1.2.2 Non-Contact
                              4.2.1.2.2.1 Torque Sensors With Rotary Transformers
                              4.2.1.2.2.2 Torque Sensors With Rotary Electronics
                              4.2.1.2.2.3 Torque Sensors With Digitization Circuit
                              4.2.1.2.2.4 Infrared (IR) Torque Sensors
                              4.2.1.2.2.5 Torque Sensors With Fm Telemetry
                              4.2.1.2.2.6 Torque Sensors With Digital Telemetry
            4.2.1.3 By Mounting Methods
                    4.2.1.3.1 Fixed
                    4.2.1.3.2 Floating
      4.2.2 Static/Reaction Torque Sensors
            4.2.2.1 Major Applications Of Reaction Torque Sensors
      4.2.3 Magnetoelastic Torque Sensors
            4.2.3.1 Benefits Of Magnetoelastic Torque Sensor Over Conventional Torque Sensing Methods
            4.2.3.2 Major Applications Of Magnetoelastic Torque Sensors
      4.2.4 Surface Acoustic Wave (SAW) Torque Sensors
            4.2.4.1 Benefits Of Saw Torque Sensors Over Traditional Torque Sensors
            4.2.4.2 Major Applications Of Saw Torque Sensors
      4.2.5 Optical Torque Sensors
            4.2.5.1 Benefits Of Optical Torque Sensors Over Traditional Torque Sensors
            4.2.5.2 Major Applications Of Optical Torque Sensors
  4.3 By Mechanical Configuration
      4.3.1 Shaft Style
            4.3.1.1 Smooth
            4.3.1.2 Keyed
                    4.3.1.2.1 Single Keyed
                    4.3.1.2.2 Double Keyed
      4.3.2 Flange Style

5 Torque Sensor Market By Application (Page No. - 90)
  5.1 Introduction
      5.1.1 U.S. Dominates The Global Torque Sensor Market For Aerospace & Defense Applications
  5.2 Automotive Applications
      5.2.1 Major Companies In Automotive Applications
      5.2.2 Market By Type
      5.2.3 Market By Geography
      5.2.4 Market By Application
            5.2.4.1 Dynamometers
            5.2.4.2 Steering Systems
  5.3 Industrial Applications
      5.3.1 Major Companies In Industrial Applications
      5.3.2 Market By Type
      5.3.3 Market By Geography
      5.3.4 Market By Application
            5.3.4.1 Process Monitoring
            5.3.4.2 Measurements On Drive Shafts
            5.3.4.3 Combustion Engines
  5.4 Test & Measurement Applications
      5.4.1 Major Companies In Test & Measurement Applications
      5.4.2 Market By Type
      5.4.3 Market By Geography
      5.4.4 Market By Application
            5.4.4.1 Product Testing
            5.4.4.2 Test Stands
            5.4.4.3 Tool Testing And Calibration
  5.5 Aerospace & Defense Applications
      5.5.1 Major Companies In Aerospace & Defense Applications
      5.5.2 Market By Type
      5.5.3 Market By Geography
      5.5.4 Market By Application
            5.5.4.1 Engine And Propulsion
            5.5.4.2 Primary Systems
  5.6 Medical Applications
      5.6.1 Major Companies In Medical Applications
      5.6.2 Market By Type
      5.6.3 Market By Geography
      5.6.4 Market By Application
            5.6.4.1 Medical Robotics
            5.6.4.2 Diagnostic Equipment
  5.7 Other Applications
      5.7.1 Major Companies In Other Applications
      5.7.2 Market By Type
      5.7.3 Market By Geography
      5.7.4 Market By Application
            5.7.4.1 Agricultural
            5.7.4.2 Mining

6 Torque Sensor Market By Geography (Page No. - 121)
  6.1 Introduction
      6.1.1 APAC To Dominate The Torque Sensor Market In Coming Years
  6.2 North America
      6.2.1 Market By Type
      6.2.2 Market By Application
            6.2.2.1 Automotive Applications
            6.2.2.2 Industrial Applications
            6.2.2.3 Test & Measurement Applications
            6.2.2.4 Aerospace & Defense Applications
            6.2.2.5 Medical Applications
            6.2.2.6 Other Applications
  6.3 Europe
      6.3.1 Market By Type
      6.3.2 Market By Application
            6.3.2.1 Automotive Applications
            6.3.2.2 Industrial Applications
            6.3.2.3 Test & Measurement Applications
            6.3.2.4 Aerospace & Defense Applications
            6.3.2.5 Medical Applications
            6.3.2.6 Other Applications
  6.4 APAC 
      6.4.1 Market By Type
      6.4.2 Market By Application
            6.4.2.1 Automotive Applications
            6.4.2.2 Industrial Applications
            6.4.2.3 Test & Measurement Applications
            6.4.2.4 Aerospace & Defense Applications
            6.4.2.5 Medical Applications
            6.4.2.6 Other Applications
  6.5 Row
      6.5.1 Market By Type
      6.5.2 Market By Application
            6.5.2.1 Automotive Applications
            6.5.2.2 Industrial Applications
            6.5.2.3 Test & Measurement Applications
            6.5.2.4 Aerospace & Defense Applications
            6.5.2.5 Medical Applications
            6.5.2.6 Other Applications

7 Competitive Landscape (Page No. - 156)
  7.1 Overview
  7.2 Competitive Analysis
      7.2.1 Ge–Mckinsey Matrix For Torque Sensor Market
  7.3 Competitive Situation And Trends
      7.3.1 New Product Launch/Development
      7.3.2 Mergers & Acquisitions
      7.3.3 Partnerships/Agreements/Joint Ventures/Collaborations

8 Company Profiles (Overview, Products And Services, Financials, Strategy & Development)  (Page No. - 175)
  8.1 ABB 
  8.2 Aimco
  8.3 Applied Measurements
  8.4 Ati Industrial Automation
  8.5 Crane Electronics
  8.6 Datum Electronics
  8.7 Futek Advanced Sensor Technology
  8.8 HBM
  8.9 Honeywell
  8.10 Interface
  8.11 Kistler Instrumente Ag
  8.12 Magcanica, Inc.
  8.13 Measurement Specialties
  8.14 Mountz
  8.15 Norbar Torque Tools
  8.16 PCB Piezotronics
  8.17 S. Himmelstein And Company
  8.18 Sensor Technology
  8.19 Teledyne Technologies
  8.20 Transense Technologies

*Details On Overview, Products And Services, Financials, Strategy & Development Might Not Be Captured In Case Of Unlisted Companies.

List Of Tables  (79 Tables)
   
Table 1  General Assumptions, Terminology & Application Key Notes
Table 2  Torque Sensor Market: List Of Companies Covered
Table 3  Global Torque Sensor Market Revenue, By Type,2011 – 2018 ($Million) 
Table 4  Global Market, Unit Shipment, By Type,2011 – 2018 (Thousand Units)
Table 5  Rotary Torque Sensor Market Revenue, By Methods Used For Power & Signal Transfer, 2011 – 2018 ($Million)
Table 6  Rotary Market, By Methods Used For Power & Signal Transfer, Unit Shipment, 2011 – 2018 (Thousand Units)
Table 7  Torque Sensors With Slip Rings: Market Revenue & Volume, 2011 – 2018
Table 8  Torque Sensors With Rotary Transformers: Market Revenue & Volume, 2011 – 2018
Table 9  Torque Sensors With Rotary Electronics: Market Revenue & Volume, 2011 – 2018
Table 10 Torque Sensors With Digitization Circuit: Market Revenue & Volume, 2011 – 2018
Table 11 Infrared (IR) Torque Sensors: Market Revenue &Volume, 2011 – 2018 
Table 12 Torque Sensors With Fm Telemetry: Market Revenue & Volume, 2011 – 2018 
Table 13 Torque Sensors With Digital Telemetry: Market Revenue & Volume, 2011 – 2018
Table 14Static/Reaction Torque Sensors: Market Revenue &Volume, 2011 – 2018 
Table 15 Magnetoelastic Torque Sensors: Market Revenue &Volume, 2011 – 2018 
Table 16 Surface Acoustic Wave (SAW) Torque Sensors: Market Revenue & Volume, 2011 – 2018
Table 17 Optical Torque Sensors: Market Revenue & Volume,2011 – 2018  87
Table 18 Global Market Revenue, By Application,2011 – 2018 ($Million) 
Table 19 Top 10 Aerospace & Defense Companies, By Revenue, 2012
Table 20 Automotive Applications: Torque Sensor Market Revenue,By Type, 2011 – 2018 ($Million) 
Table 21 Automotive Applications: Market Revenue,By Geography, 2011 – 2018 ($Million) 
Table 22 Automotive Applications: Market Revenue,By Application, 2011 – 2018 ($Million) 
Table 23 Industrial Applications: Torque Sensor Market Revenue,By Type, 2011 – 2018 ($Million)  100
Table 24 Industrial Applications: Market Revenue,By Geography, 2011 – 2018 ($Million) 
Table 25 Industrial Applications: Market Revenue,By Application, 2011 – 2018 ($Million) 
Table 26 Test & Measurement Applications: Torque Sensor Market Revenue, By Type, 2011 – 2018 ($Million)
Table 27 Test & Measurement Applications: Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 28 Test & Measurement Applications: Market Revenue, By Application, 2011 – 2018 ($Million)
Table 29 Aerospace & Defense Applications: Torque Sensor Market Revenue, By Type, 2011 – 2018 ($Million)
Table 30 Aerospace & Defense Applications: Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 31 Aerospace & Defense Applications: Market Revenue, By Application, 2011 – 2018 ($Million)
Table 32 Medical Applications: Torque Sensor Market Revenue,By Type, 2011 – 2018 ($Million) 
Table 33 Medical Applications: Market Revenue,By Geography, 2011 – 2018 ($Million) 
Table 34 Medical Applications: Market Revenue,By Application, 2011 – 2018 ($Million) 
Table 35 Other Applications: Torque Sensor Market Revenue, By Type, 2011 – 2018 ($Million)
Table 36 Other Applications: Market Revenue,By Geography, 2011 – 2018 ($Million) 
Table 37 Other Applications: Market Revenue,By Application, 2011 – 2018 ($Million) 
Table 38 Global Market Revenue, By Geography,2011 – 2018 ($Million) 
Table 39 North America: Torque Sensor Market Revenue, By Type,2011 – 2018 ($Million) 
Table 40 North America: Market Revenue,By Application, 2011 – 2018 ($Million) 
Table 41 North America: Market For Automotive Applications, By Type, 2011 – 2018 ($Million)
Table 42 North America: Market For Industrial Applications, By Type, 2011 – 2018 ($Million)
Table 43 North America: Market For Test & Measurement Applications, By Type, 2011 – 2018 ($Million)
Table 44 North America: Market For Aerospace & Defense Applications, By Type, 2011 – 2018 ($Million)
Table 45 North America: Market For Medical Applications, By Type, 2011 – 2018 ($Million)
Table 46 North America: Market For Other Applications, By Type, 2011 – 2018 ($Million)
Table 47 Europe: Torque Sensor Market Revenue, By Type,2011 – 2018 ($Million) 
Table 48 Europe: Market Revenue, By Application,2011 – 2018 ($Million) 
Table 49 Europe: Market For Automotive Applications, By Type, 2011 – 2018 ($Million)
Table 50 Europe: Market For Industrial Applications, By Type, 2011 – 2018 ($Million)
Table 51 Europe: Torque Sensor Market For Test & Measurement Applications, By Type, 2011 – 2018 ($Million)
Table 52 Europe: Market For Aerospace & Defense Applications, By Type, 2011 – 2018 ($Million)
Table 53 Europe: Market For Medical Applications,By Type, 2011 – 2018 ($Million) 
Table 54 Europe: Torque Sensor Market For Other Applications,By Type, 2011 – 2018 ($Million) 
Table 55 APAC: Torque Sensor Market Revenue, By Type,2011 – 2018 ($Million) 
Table 56 APAC: Market Revenue, By Application,2011 – 2018 ($Million) 
Table 57 APAC: Market For Automotive Applications,By Type, 2011 – 2018 ($Million) 
Table 58 APAC: Market For Industrial Applications,By Type, 2011 – 2018 ($Million) 
Table 59 APAC: Market For Test & Measurement Applications, By Type, 2011 – 2018 ($Million)
Table 60 APAC: Market For Aerospace & Defense Applications, By Type, 2011 – 2018 ($Million)
Table 61 APAC: Market For Medical Applications,By Type, 2011 – 2018 ($Million) 
Table 62 APAC: Market For Other Applications, By Type, 2011 – 2018 ($Million)
Table 63 ROW: Torque Sensor Market Revenue, By Type,2011 – 2018 ($Million) 
Table 64 ROW: Market Revenue, By Application,2011 – 2018 ($Million) 
Table 65 ROW: Market For Automotive Applications,By Type, 2011 – 2018 ($Million) 
Table 66 ROW: Market For Industrial Applications,By Type, 2011 – 2018   (Million) 
Table 67 ROW: Market For Test & Measurement Applications, By Type, 2011 – 2018 ($Million)
Table 68 ROW: Market For Aerospace & Defense Applications, By Type, 2011 – 2018 ($Million)
Table 69 ROW: Market For Medical Applications,By Type, 2011 – 2018 ($Million)
Table 70 ROW: Market For Other Applications, By Type, 2011 – 2018 ($Million)
Table 71 Torque Sensor Market: Major Manufacturers And Their Application Areas
Table 72 Torque Sensor Market: New Product Launch/Development, 2009 – 2013
Table 73 Torque Sensor Market: Mergers & Acquisitions, 2009 – 2013
Table 74 Torque Sensor Market: Partnerships/Agreements/Joint Ventures/Collaborations, 2009 – 2013
Table 75 ABB: Total Revenue, 2011 – 2012 ($Million)
Table 76 Honeywell: Overall Market Revenue, 2011 – 2012 ($Million)
Table 77 Measurement Specialties: Overall Market Revenue,2011 – 2012 ($Million) 
Table 78 Teledyne Technologies: Overall Market Revenue,2011 – 2012 ($Million) 
Table 79 Transense Technologies: Overall Market Revenue,2010 – 2011 ($Million) 
 
  
List Of Figures   (34 Figures)

Figure 1  Torque Sensor Market Segmentation
Figure 2  Classification Of Rotary Torque Sensors
Figure 3  Market Research Methodology
Figure 4  Market Size Estimation
Figure 5  Market Crackdown & Data Triangulation
Figure 6  Global Torque Sensor Market, By Geography,2011 – 2018 ($Million) 
Figure 7  Market Overview – Torque Sensors
Figure 8  Torque Sensor Market Segmentation
Figure 9  Evolution Of Torque Sensing
Figure 10  Impact Analysis Of Market Dynamics, 2013 – 2018
Figure 11  Value Chain Of Torque Sensor Market
Figure 12  Porter’s Five Forces Analysis For Torque Sensor Market, 2012 
Figure 13  Quantification Of Threat From New Entrants
Figure 14  Quantification Of Threat From Substitutes
Figure 15  Quantification Of Bargaining Power Of Suppliers
Figure 16  Quantification Of Bargaining Power Of Customers
Figure 17  Quantification Of Degree Of Competition
Figure 18  BCG Matrix: Torque Sensor Market, By Type
Figure 19  BCG Matrix: Torque Sensor Market, By Application
Figure 20  Classification Of Torque Sensors, By Type
Figure 21  Torque Sensor Market, By Type, 2012
Figure 22  Classification Of Rotary Torque Sensors
Figure 23  Classification Of Torque Sensors,By Mechanical Configuration 
Figure 24  Torque Sensor Market, By Application
Figure 25  Light Vehicle Production By Region, 2011 – 2012
Figure 26  Torque Sensor Market: GE-Mckinsey Matrix
Figure 27  Aimco: Major Product Categories
Figure 28  Crane Electronics: Major Product Categories
Figure 29  Futek: Major Product Categories
Figure 30  Honeywell: Major Business Segments
Figure 31  Kistler: Major Business Segments
Figure 32  Mountz: Major Product Categories
Figure 33  PCB Piezotronics: Major Business Segments
Figure 34  Teledyne Technologies: Major Business Segments

Torque measurements have been performed across a wide range of industry verticals since the onset of the 20th century. Numerous technologies for torque measurement have emerged over the years with each of them having their own merits and drawbacks. Off late, torque sensors are experiencing a strong demand from the automotive, aerospace and defense sectors with the emergence of a large number of potential applications for torque measurement and control, in these sectors. The introduction of non-contact and wireless torque sensing technologies like magnetoelastic, Surface Acoustic Wave (SAW) and optical torque sensors have opened doors for numerous potential applications of these sensors such as in medical robotics, diagnostic equipment, and racing applications.

Torque measurement and monitoring is a critical parameter in almost all rotating parts, machines and equipment, which ensures high quality and optimum performance. Some of its major applications include automotive, industrial, test & measurement, aerospace & defense and so on. With technological advancements in power and signal transfer like rotary transformers, rotary electronics, digitization, FM telemetry and digital telemetry, torque sensors have paved their path in new and diverse fields such as medical prosthetics, electric and hybrid automobile engines, dynamometers, and many more. These emerging applications along with other factors like rapid upgradation to electric power steering systems, need for better fuel efficiency, and trend towards Condition-Based Maintenance (CBM), will be the major driving force for the growth of global torque sensor market in the coming years. Various quality control specifications like the ISO 9000 also ensure that manufacturers consider torque measurement as a vital factor during manufacturing process.

The torque sensor market, comprising of all these applications, is expected to grow at a CAGR of 8.5%, from its current value of $869.73 million in 2012 to $1,427.78 million in 2018. In this report, the overall torque sensor market is segmented on the basis of the following parameters: technology, application and geography; with each of these segments further divided into sub-categories.

Under the technology segment, rotary, static/reaction, magnetoelastic, surface acoustic wave and optical torque sensors are covered.  Moreover, it also covers the various methods for signal and power transfer between rotating and stationary environments such as slip-rings, rotary electronics, rotary transformer and so on. Along with the detailed technology and applications segments, the report also segments the market according to different geographical regions namely, North America, Europe, APAC, and ROW.

The following bar chart gives an overview of the torque sensor market for various geographical regions.

Global Torque Sensor Market, By Geography, 2011 – 2018 ($Million)

Torque Sensor Market

Source: MarketsandMarkets Analysis

From the figure, it can be observed that the share of APAC is steadily increasing while the share of North America is gradually decreasing from 2011 to 2018. The large automotive industry of APAC is expected to further drive this market during the forecast period.

The major companies contributing to the torque sensor market have been profiled with detailed information like acquisitions, mergers, new product launch and agreements to name a few. The major players in this market are ABB (Switzerland), Applied Measurements (U.K.), Crane Electronics (U.K.), Futek Advanced Sensor Technology (U.S.), HBM (Germany), Honeywell (U.S.), Kistler Instrumente AG (Switzerland), MagCanica (U.S.), PCB Piezotronics (U.S.) and so on.

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