Torque Sensor Market Size, Share & Industry Growth Analysis Report by Type (Rotary Torque Sensors and Reaction Torque Sensors), Application (Automotive, Test & Measurement, Industrial, Aerospace & Defense), Technology, and Geography- Global Growth Driver and Industry Forecast to 2035
Torque Sensor Market Market Summary
The global torque sensor market is witnessing steady expansion, driven by increasing adoption across automotive, industrial automation, and aerospace sectors. In 2025, the market is estimated to be valued at approximately USD 8.2 - 8.6 billion and is projected to reach nearly USD 15.6 - 17.2billion by 2035, growing at a compound annual growth rate (CAGR) of around 6.7% - 7.1% during the forecast period. The growth trajectory is strongly influenced by the rising integration of AI-powered monitoring systems, IoT-enabled smart manufacturing, and the broader shift toward digital transformation across industries. Torque sensors are becoming critical components in precision control systems, enabling real-time data analytics, predictive maintenance, and improved operational efficiency in automated environments.
Key Market Trends & Insights
The torque sensor market is evolving rapidly, shaped by technological advancements and industrial demands. North America currently leads the market due to strong adoption of automation technologies and a well-established manufacturing ecosystem. Asia Pacific is emerging as the fastest-growing region, fueled by rapid industrialization and expanding automotive production.
The rotary torque sensor segment dominates due to its widespread use in automotive testing and industrial machinery. Meanwhile, non-contact torque sensors are gaining traction due to their durability and minimal maintenance requirements. AI integration is significantly enhancing sensor capabilities, enabling predictive diagnostics and real-time performance optimization. Additionally, the convergence of IoT and cloud computing is transforming torque sensors into smart, connected devices that support data-driven decision-making.
Market Size & Forecast
- Base year market size (2025): USD 8.2 billion
- Forecast market value (2035): USD 15.6 billion
- CAGR (2025–2035): 6.7%
- Growth is driven by increased demand for automation, expansion of electric vehicles, and integration of AI-enabled predictive maintenance systems
Torque Sensor Market Market Top 10 key takeaway
- The market is projected to nearly double by 2035, driven by industrial automation.
- AI and IoT integration are transforming torque sensors into intelligent monitoring systems.
- North America remains the dominant regional market.
- Asia Pacific is expected to register the highest CAGR during the forecast period.
- Rotary torque sensors hold the largest market share due to versatility.
- Automotive applications account for a significant portion of demand.
- Non-contact sensor technologies are gaining popularity for durability.
- Predictive maintenance is a major growth driver across industries.
- Increasing EV production is boosting demand for high-precision torque sensors.
- Cloud-based analytics is enabling real-time monitoring and optimization.
Product Insights
Rotary torque sensors currently represent the leading product segment in the market, primarily due to their extensive application in automotive testing, industrial machinery, and powertrain systems. These sensors offer high accuracy and reliability, making them indispensable in dynamic measurement environments. Their ability to measure torque in rotating systems gives them a significant advantage over static alternatives.
Reaction torque sensors also hold a notable share, particularly in applications requiring stationary torque measurement, such as calibration systems and assembly line testing. However, the market is witnessing growing interest in non-contact torque sensors, which utilize advanced magnetic or optical technologies to eliminate physical wear and tear. These emerging categories are gaining momentum due to their longer lifespan and reduced maintenance requirements.
The integration of AI into product design is further enhancing sensor performance. Smart torque sensors equipped with embedded processors can analyze data in real time, detect anomalies, and provide predictive insights. This evolution is transforming traditional sensors into intelligent components within larger automated systems.
Technology / Component Insights
Technological advancements are at the core of the torque sensor market’s growth. Strain gauge technology remains the most widely used due to its accuracy and cost-effectiveness. However, newer technologies such as surface acoustic wave (SAW) sensors and magnetoelastic sensors are gaining attention for their ability to operate in harsh environments and deliver wireless measurements.
The role of AI and IoT is becoming increasingly significant. IoT-enabled torque sensors can transmit real-time data to cloud platforms, enabling remote monitoring and control. AI algorithms analyze this data to predict equipment failures, optimize performance, and reduce downtime. Automation technologies are also driving demand, as industries seek to improve efficiency and reduce human intervention.
Looking ahead, innovations such as wireless torque sensing, edge computing integration, and digital twins are expected to redefine the market landscape. These advancements will enable more sophisticated monitoring systems, supporting the transition toward fully autonomous industrial operations.
Application Insights
The automotive sector remains the leading application segment for torque sensors, driven by the need for precise torque measurement in engine testing, transmission systems, and electric vehicle development. As the automotive industry shifts toward electrification, the demand for high-precision torque sensors is increasing significantly.
Industrial automation is another major application area, where torque sensors are used in robotics, assembly lines, and quality control systems. The growing adoption of smart factories is further boosting demand, as torque sensors play a critical role in ensuring process accuracy and efficiency.
Other applications include aerospace, energy, and healthcare, where torque measurement is essential for safety and performance. Future opportunities are expected to emerge in renewable energy systems and advanced robotics, where torque sensors will be integral to system optimization.
Regional Insights
North America leads the torque sensor market, supported by advanced manufacturing infrastructure and early adoption of automation technologies. Europe follows closely, with strong demand from automotive and aerospace industries. Asia Pacific is the fastest-growing region, driven by rapid industrialization, increasing investments in smart manufacturing, and expanding automotive production in countries like China and Japan.
- North America dominates due to technological leadership and automation adoption
- Europe benefits from strong automotive and aerospace sectors
- Asia Pacific shows the highest growth rate due to industrial expansion
- Increasing digitalization is boosting demand across all regions
- Government initiatives supporting smart manufacturing are accelerating market growth
Country-Specific Market Trends
In Asia Pacific, China and Japan are leading the adoption of torque sensors, with China focusing on large-scale manufacturing and Japan emphasizing precision engineering. North America, particularly the United States, is at the forefront of AI integration and advanced automation, while Canada and Mexico are experiencing steady growth due to expanding industrial bases.
In Europe, Germany and France are key contributors, driven by strong automotive industries and government support for Industry 4.0 initiatives. These countries are investing heavily in smart manufacturing technologies, further boosting the demand for torque sensors.
- China leads in large-scale manufacturing adoption
- Japan focuses on high-precision sensor technologies
- United States drives innovation with AI and automation
- Germany remains a hub for automotive-driven demand
- Government policies across regions support digital transformation
Key Torque Sensor Market Company Insights
The competitive landscape of the torque sensor market is characterized by innovation and strategic collaborations. Leading companies are focusing on developing advanced sensor technologies, integrating AI capabilities, and expanding their product portfolios to cater to diverse applications.
Major players are investing in research and development to enhance sensor accuracy, durability, and connectivity. Partnerships with technology providers are enabling the integration of IoT and cloud-based solutions, while mergers and acquisitions are helping companies expand their market presence.
- Companies are prioritizing AI-enabled sensor development
- Strategic partnerships are driving innovation
- Focus on expanding product portfolios across industries
- Investment in R&D is enhancing sensor capabilities
- Global expansion strategies are strengthening market positions
Recent Developments
Recent developments in the torque sensor market highlight the increasing focus on innovation and digital integration. Several companies have launched next-generation torque sensors with embedded AI capabilities for predictive maintenance. Additionally, partnerships between sensor manufacturers and software companies are enabling the development of integrated IoT platforms.
Another notable trend is the introduction of wireless torque sensors designed for harsh industrial environments, offering improved durability and ease of installation.
Market Segmentation
The torque sensor market is segmented based on product, technology/component, application, and region. By product, the market includes rotary and reaction torque sensors, with rotary sensors dominating due to their versatility. In terms of technology, strain gauge-based sensors lead the market, while advanced technologies such as SAW and magnetoelastic sensors are gaining traction.
By application, the market is divided into automotive, industrial, aerospace, and others, with automotive accounting for the largest share. Regionally, the market is segmented into North America, Europe, Asia Pacific, and the rest of the world, with North America leading and Asia Pacific showing the fastest growth.
- Rotary torque sensors dominate the product segment
- Strain gauge technology holds the largest share
- Automotive is the leading application segment
- Asia Pacific is the fastest-growing regional market
- Emerging technologies are reshaping market segmentation
Conclusion
The torque sensor market is poised for substantial growth through 2035, driven by advancements in AI, IoT, and automation technologies. As industries increasingly adopt smart manufacturing practices, torque sensors will play a critical role in enabling precision, efficiency, and predictive maintenance. The integration of digital technologies is transforming these sensors into intelligent systems, offering significant value to businesses. With strong growth potential and expanding applications, the torque sensor market represents a strategic opportunity for companies aiming to capitalize on the next wave of industrial innovation.
FAQs
1. What is the current market size of the torque sensor market?
The market is valued at approximately USD 8.2 billion in 2025.
2. What is the expected growth rate of the market?
The market is expected to grow at a CAGR of around 6.7% from 2025 to 2035.
3. What are the key drivers of market growth?
Key drivers include AI integration, IoT adoption, industrial automation, and the growth of electric vehicles.
4. Which region leads the torque sensor market?
North America currently holds the largest market share.
5. Who are the key companies in the market?
Major companies include leading global sensor manufacturers focusing on innovation, AI integration, and strategic partnerships
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 22)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
FIGURE 1 SEGMENTATION OF TORQUE SENSOR MARKET
1.3.1 YEARS CONSIDERED
1.4 CURRENCY & PRICING
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 25)
2.1 RESEARCH DATA
FIGURE 2 RESEARCH FLOW
FIGURE 3 TORQUE SENSOR MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: (SUPPLY SIDE) — REVENUE GENERATED BY COMPANIES IN MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE) – IDENTIFICATION OF REVENUES GENERATED BY COMPANIES FROM MARKET
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
FIGURE 6 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 7 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 35)
FIGURE 9 ROTARY TORQUE SENSORS SEGMENT TO ACCOUNT FOR LARGER SIZE OF MARKET IN 2021
FIGURE 10 STRAIN GAUGE TECHNOLOGY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 11 AUTOMOTIVE APPLICATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 12 APAC TO HOLD LARGEST SHARE OF MARKET IN 2021
4 PREMIUM INSIGHTS (Page No. - 39)
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN TORQUE SENSOR MARKET
FIGURE 13 INCREASING DEPLOYMENT OF TORQUE SENSORS IN AUTOMOTIVE APPLICATIONS IS DRIVING GROWTH OF MARKET
4.2 MARKET FOR NONCONTACT-BASED SENSORS, BY TYPE
FIGURE 14 NONCONTACT-BASED SENSOR MARKET FOR ROTARY TORQUE SENSORS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
4.3 MARKET, BY TECHNOLOGY
FIGURE 15 STRAIN GAUGE TECHNOLOGY SEGMENT TO HOLD LARGEST SHARE OF MARKET IN 2021
4.4 MARKET IN APAC, BY APPLICATION & COUNTRY
FIGURE 16 AUTOMOTIVE APPLICATION AND CHINA TO HOLD LARGEST SHARES OF MARKET IN APAC IN 2021
4.5 MARKET, BY APPLICATION
FIGURE 17 AUTOMOTIVE APPLICATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 42)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 IMPACT OF DRIVERS AND OPPORTUNITIES ON MARKET
FIGURE 19 IMPACT OF RESTRAINTS AND CHALLENGES ON MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing demand for advanced high-performance vehicles
5.2.1.2 Growing importance of torque measurement
5.2.1.3 Increasing application of torque sensors for electric power steering (EPS) systems
5.2.2 RESTRAINTS
5.2.2.1 Low reliability of available torque sensors in high-end applications
5.2.3 OPPORTUNITIES
5.2.3.1 Evolution of new torque measurement technologies
5.2.3.2 Increase in use of torque sensors in robotics
5.2.4 CHALLENGES
5.2.4.1 Diversity of applications of torque sensors
5.2.4.2 Decline in demand in automotive industry—impact of COVID-19
FIGURE 20 GLOBAL VEHICLE PRODUCTION DATA FOR Q1, Q2, AND Q3 IN 2019 AND 2020
5.3 TORQUE SENSORS: VALUE CHAIN ANALYSIS
FIGURE 21 VALUE CHAIN ANALYSIS OF MARKET
6 TORQUE SENSOR MARKET, BY TYPE (Page No. - 49)
6.1 INTRODUCTION
FIGURE 22 ROTARY TORQUE SENSORS SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
TABLE 1 MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 2 MARKET, BY TYPE, 2021–2026 (USD MILLION)
6.2 ROTARY TORQUE SENSORS
TABLE 3 ROTARY TORQUE SENSOR MARKET, BY SENSING PROCESS, 2017–2020 (USD MILLION)
TABLE 4 ROTARY TORQUE SENSOR, BY SENSING PROCESS, 2021–2026 (USD MILLION)
6.2.1 CONTACT-BASED SENSING
6.2.1.1 High adoption of contact-based sensing rotary torque sensors in industrial applications
6.2.2 NONCONTACT-BASED SENSING
6.2.2.1 Increasing demand for noncontact-based sensing rotary torque sensors in automotive applications
6.3 REACTION TORQUE SENSORS
6.4 COVID-19 IMPACT ON TYPES OF MARKETS
7 TORQUE SENSOR MARKET, BY TECHNOLOGY (Page No. - 53)
7.1 INTRODUCTION
TABLE 5 MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
FIGURE 23 STRAIN GAUGE SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD
TABLE 6 MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 7 MARKET FOR AUTOMOTIVE APPLICATION, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 8 TORQUE SENSOR MARKET FOR AUTOMOTIVE APPLICATION, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 9 MARKET FOR INDUSTRIAL APPLICATION, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 10 MARKET FOR INDUSTRIAL APPLICATION, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 11 MARKET FOR TEST & MEASUREMENT APPLICATION, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 12 MARKET FOR TEST & MEASUREMENT APPLICATION, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 13 MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 14 MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY TECHNOLOGY, 2021–2026 (USD MILLION)
TABLE 15 MARKET FOR OTHER APPLICATIONS, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 16 MARKET FOR OTHER APPLICATIONS, BY TECHNOLOGY, 2021–2026 (USD MILLION)
7.2 STRAIN GAUGE
7.2.1 HIGH PRECISION MEASUREMENT TASKS HAVE INCREASED DEMAND FOR STARIN GAUGE TECHNOLOGY IN TORQUE SENSORS
TABLE 17 TORQUE SENSOR MARKET FOR STRAIN GAUGE TECHNOLOGY, BY APPLICATION, 2017–2020 (USD MILLION)
FIGURE 24 AUTOMOTIVE APPLICATION TO HOLD LARGEST SHARE OF STRAIN GAUGE SENSORS MARKET BY 2026
TABLE 18 MARKET FOR STRAIN GAUGE TECHNOLOGY, BY APPLICATION, 2021–2026 (USD MILLION)
7.3 MAGNETOELASTIC
7.3.1 AUTOMOTIVE IS MAJOR APPLICATION AREA FOR MAGNETOELASTIC TECHNOLOGY
TABLE 19 MARKET FOR MAGNETOELASTIC TECHNOLOGY, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 20 MARKET FOR MAGNETOELASTIC TECHNOLOGY, BY APPLICATION, 2021–2026 (USD MILLION)
7.4 OPTICAL
7.4.1 OPTICAL TECHNOLOGY TO BE FAST-GROWING SEGMENT IN MARKET
TABLE 21 MARKET FOR OPTICAL TECHNOLOGY, BY APPLICATION, 2017–2020 (USD MILLION)
FIGURE 25 MARKET FOR OPTICAL SENSORS IN INDUSTRIAL APPLICATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 22 MARKET FOR OPTICAL TECHNOLOGY, BY APPLICATION, 2021–2026 (USD MILLION)
7.5 SURFACE ACOUSTIC WAVE
7.5.1 BENEFITS SUCH AS HIGH STABILITY AND HIGH SENSITIVITY ARE DRIVING ADOPTION OF SURFACE ACOUSTIC WAVE TECHNOLOGY IN TORQUE SENSING PROCESS
TABLE 23 MARKET FOR SAW TECHNOLOGY, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 24 MARKET FOR SAW TECHNOLOGY, BY APPLICATION, 2021–2026 (USD MILLION)
8 TORQUE SENSOR MARKET ANALYSIS, BY APPLICATION (Page No. - 64)
8.1 INTRODUCTION
TABLE 25 MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
FIGURE 26 AUTOMOTIVE APPLICATION TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 26 MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 27 ROTARY TORQUE SENSOR MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 28 ROTARY TORQUE SENSOR, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 29 REACTION TORQUE SENSOR MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 30 REACTION TORQUE SENSOR, BY APPLICATION, 2021–2026 (USD MILLION)
8.2 AUTOMOTIVE
8.2.1 AUTOMOTIVE APPLICATION SEGMENT TO HOLD MAXIMUM SHARE OF MARKET
TABLE 31 MARKET FOR AUTOMOTIVE APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
FIGURE 27 MARKET FOR ROTARY TORQUE SENSORS IN AUTOMOTIVE APPLICATION TO HOLD LARGER SHARE DURING FORECAST PERIOD
TABLE 32 MARKET FOR AUTOMOTIVE APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
8.3 TEST & MEASUREMENT
8.3.1 TEST AND MEASUREMENT APPLICATION COVERS ANALYSIS, VALIDATION, AND VERIFICATION OF MECHANICAL AND ELECTRONIC SYSTEMS
TABLE 33 TORQUE SENSOR MARKET FOR TEST & MEASUREMENT APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
TABLE 34 MARKET FOR TEST & MEASUREMENT APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
8.4 INDUSTRIAL
8.4.1 HIGH IMPORTANCE OF TORQUE MEASUREMENT DURING MANUFACTURING PROCESS TO DRIVE MARKET GROWTH
TABLE 35 MARKET FOR INDUSTRIAL APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
FIGURE 28 MARKET FOR ROTARY TORQUE SENSORS IN INDUSTRIAL APPLICATION TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 36 MARKET FOR INDUSTRIAL APPLICATION, BY TYPE, 2021–2026 (USD MILLION)
8.5 AEROSPACE & DEFENSE
8.5.1 GROWING USE OF TORQUE SENSORS IN CIVIL AND MILITARY AVIATION, AS WELL AS GOVERNMENTAL AND PRIVATE SPACEFLIGHT PROGRAMS
TABLE 37 MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY TYPE, 2017–2020 (USD MILLION)
TABLE 38 MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2021–2026 (USD MILLION)
8.6 OTHERS
8.6.1 ROTARY TORQUE SENSORS ARE USED IN POULTRY FEEDERS TO MONITOR TORQUE OF MOTOR
TABLE 39 TORQUE SENSOR MARKET SHARE FOR OTHER APPLICATIONS, BY TYPE, 2017–2020 (USD MILLION)
TABLE 40 MARKET FOR OTHER APPLICATIONS, BY TYPE, 2021–2026 (USD MILLION)
8.7 COVID-19 IMPACT ON DIFFERENT APPLICATION AREAS OF TORQUE SENSORS
9 GEOGRAPHIC ANALYSIS OF TORQUE SENSOR MARKET (Page No. - 75)
9.1 INTRODUCTION
FIGURE 29 CHINA TO WITNESS HIGHEST GROWTH IN MARKET DURING FORECAST PERIOD
TABLE 41 MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 42 MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 43 MARKET FOR STRAIN GAUGE TECHNOLOGY, BY REGION, 2017–2020 (USD MILLION)
TABLE 44 MARKET FOR STRAIN GAUGE TECHNOLOGY, BY REGION, 2021–2026 (USD MILLION)
TABLE 45 MARKET FOR STRAIN GAUGE TECHNOLOGY FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 46 TORQUE SENSOR MARKET FOR STRAIN GAUGE TECHNOLOGY FOR AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 47 MARKET FOR STRAIN GAUGE TECHNOLOGY FOR TEST & MEASUREMENT APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 48 MARKET FOR STRAIN GAUGE TECHNOLOGY FOR TEST & MEASUREMENT APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 49 MARKET FOR STRAIN GAUGE TECHNOLOGY FOR INDUSTRIAL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 50 MARKET FOR STRAIN GAUGE TECHNOLOGY FOR INDUSTRIAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 51 MARKET FOR STRAIN GAUGE TECHNOLOGY FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 52 MARKET FOR STRAIN GAUGE TECHNOLOGY FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 53 MARKET FOR STRAIN GAUGE TECHNOLOGY FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 54 MARKET FOR STRAIN GAUGE TECHNOLOGY FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
TABLE 55 MARKET FOR MAGNETOELASTIC TECHNOLOGY, BY REGION, 2017–2020 (USD MILLION)
TABLE 56 MARKET FOR MAGNETOELASTIC TECHNOLOGY, BY REGION, 2021–2026 (USD MILLION)
TABLE 57 MARKET FOR MAGNETOELASTIC TECHNOLOGY FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 58 MARKET FOR MAGNETOELASTIC TECHNOLOGY FOR AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 59 MARKET FOR MAGNETOELASTIC TECHNOLOGY FOR TEST & MEASUREMENT APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 60 TORQUE SENSOR MARKET FOR MAGNETOELASTIC TECHNOLOGY FOR TEST & MEASUREMENT APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 61 MARKET FOR MAGNETOELASTIC TECHNOLOGY FOR INDUSTRIAL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 62 MARKET FOR MAGNETOELASTIC TECHNOLOGY FOR INDUSTRIAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 63 MARKET FOR MAGNETOELASTIC TECHNOLOGY FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 64 MARKET FOR MAGNETOELASTIC TECHNOLOGY FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 65 MARKET FOR MAGNETOELASTIC TECHNOLOGY FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 66 MARKET FOR MAGNETOELASTIC TECHNOLOGY FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
TABLE 67 MARKET FOR OPTICAL TECHNOLOGY, BY REGION, 2017–2020 (USD MILLION)
TABLE 68 TORQUE SENSOR MARKET FOR OPTICAL TECHNOLOGY, BY REGION, 2021–2026 (USD MILLION)
TABLE 69 MARKET FOR OPTICAL TECHNOLOGY FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 70 MARKET FOR OPTICAL TECHNOLOGY FOR AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 71 MARKET FOR OPTICAL TECHNOLOGY FOR TEST & MEASUREMENT APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 72 MARKET FOR OPTICAL TECHNOLOGY FOR TEST & MEASUREMENT APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 73 MARKET FOR OPTICAL TECHNOLOGY FOR INDUSTRIAL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 74 MARKET FOR OPTICAL TECHNOLOGY FOR INDUSTRIAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 75 MARKET FOR OPTICAL TECHNOLOGY FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 76 MARKET FOR OPTICAL TECHNOLOGY FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 77 MARKET FOR OPTICAL TECHNOLOGY FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 78 MARKET FOR OPTICAL TECHNOLOGY FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
TABLE 79 MARKET FOR SAW TECHNOLOGY, BY REGION, 2017–2020 (USD MILLION)
TABLE 80 MARKET FOR SAW TECHNOLOGY, BY REGION, 2021–2026 (USD MILLION)
TABLE 81 MARKET FOR SAW TECHNOLOGY FOR AUTOMOTIVE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 82 MARKET FOR SAW TECHNOLOGY FOR AUTOMOTIVE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 83 MARKET FOR SAW TECHNOLOGY FOR TEST & MEASUREMENT APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 84 MARKET FOR SAW TECHNOLOGY TEST & MEASUREMENT APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 85 MARKET FOR SAW TECHNOLOGY FOR INDUSTRIAL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 86 MARKET FOR SAW TECHNOLOGY FOR INDUSTRIAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 87 MARKET FOR SAW TECHNOLOGY FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
TABLE 88 MARKET FOR SAW TECHNOLOGY FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
TABLE 89 MARKET FOR SAW TECHNOLOGY FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
TABLE 90 MARKET FOR SAW TECHNOLOGY FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)
9.2 NORTH AMERICA
FIGURE 30 NORTH AMERICA: TORQUE SENSOR MARKET SNAPSHOT
TABLE 91 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 92 MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 93 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 94 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
9.2.1 US
9.2.1.1 Increasing demand for low-cost sensor to boost growth of market in US
9.2.2 CANADA
9.2.2.1 Industrial and automotive application are driving growth of market in Canada
9.2.3 MEXICO
9.2.3.1 Expanding automotive industry is driving growth of market
9.3 EUROPE
FIGURE 31 EUROPE: TORQUE SENSOR MARKET SNAPSHOT
TABLE 95 MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 96 MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 97 MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 98 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
9.3.1 GERMANY
9.3.1.1 Germany is expected to hold largest share of market in Europe
9.3.2 UK
9.3.2.1 Expanding automotive industry is driving growth of market in UK
9.3.3 FRANCE
9.3.3.1 Growing adoption of torque sensors in drive assistance systems to boost market growth in France
9.3.4 SPAIN
9.3.4.1 market in Spain to grow at a slower pace as compared to other European countries
9.3.5 REST OF EUROPE
9.4 ASIA PACIFIC
FIGURE 32 APAC: TORQUE SENSOR MARKET SNAPSHOT
TABLE 99 MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 100 MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 101 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 102 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
9.4.1 CHINA
9.4.1.1 China to hold largest share of market in APAC
9.4.2 JAPAN
9.4.2.1 Initiatives taken by government to increase use of intelligent machines are driving growth of market
9.4.3 SOUTH KOREA
9.4.3.1 market in South Korea is dominated by automotive and industrial applications
9.4.4 REST OF APAC
9.5 REST OF THE WORLD
FIGURE 33 SOUTH AMERICA TO DOMINATE ROW MARKET DURING FORECAST PERIOD
TABLE 103 TORQUE SENSOR MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 104 MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 105 MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 106 MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
9.5.1 SOUTH AMERICA
9.5.1.1 South America to hold larger share of market in RoW
9.5.2 MIDDLE EAST AND AFRICA
9.5.2.1 Presence of prominent industries to drive growth of market in RoW
9.6 COVID-19 IMPACT ON MARKET IN DIFFERENT REGIONS
10 COMPETITIVE LANDSCAPE (Page No. - 107)
10.1 OVERVIEW
10.2 RANKING ANALYSIS OF PLAYERS IN MARKET
FIGURE 34 RANKING OF KEY PLAYERS IN MARKET (2020)
10.3 COMPANY EVALUATION MATRIX
10.3.1 STAR
10.3.2 EMERGING LEADER
10.3.3 PERVASIVE
10.3.4 PARTICIPANT
TABLE 107 LIST OF START-UPS IN MARKET
FIGURE 35 COMPANY EVALUATION MATRIX, 2020
FIGURE 36 PRODUCT AND BUSINESS FOOTPRINT ANALYSIS OF TOP PLAYERS
10.4 KEY MARKET DEVELOPMENTS
10.4.1 PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 108 PRODUCT LAUNCHES, 2018–2020
10.4.2 PARTNERSHIPS AND COLLABORATIONS
TABLE 109 PARTNERSHIPS AND CONTRACTS, 2018–2020
10.4.3 MERGERS AND ACQUISITIONS
TABLE 110 MERGERS AND ACQUISITIONS, 2018–2020
10.4.4 EXPANSION
TABLE 111 EXPANSION, 2018–2020
11 COMPANY PROFILES (Page No. - 114)
11.1 INTRODUCTION
11.2 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, COVID-19-related Developments, and MnM View)*
11.2.1 ABB
FIGURE 37 ABB: COMPANY SNAPSHOT
11.2.2 CRANE ELECTRONICS
11.2.3 FUTEK ADVANCED SENSOR TECHNOLOGY
11.2.4 HBM
11.2.5 APPLIED MEASUREMENTS
11.2.6 TELEDYNE TECHNOLOGIES
FIGURE 38 TELEDYNE TECHNOLOGIES: COMPANY SNAPSHOT
11.2.7 TE CONNECTIVITY
FIGURE 39 TE CONNECTIVITY: COMPANY SNAPSHOT
11.2.8 HONEYWELL
FIGURE 40 HONEYWELL: COMPANY SNAPSHOT
11.2.9 INFINEON TECHNOLOGIES
FIGURE 41 INFINEON TECHNOLOGIES: COMPANY SNAPSHOT
11.2.10 KISTLER HOLDING
11.2.11 SENSOR TECHNOLOGY
11.2.12 NORBAR TORQUE TOOLS
* Business Overview, Products Offered, Recent Developments, COVID-19-related Developments, and MnM View might not be captured in case of unlisted Torque Sensor companies.
11.3 OTHER KEY PLAYERS
11.3.1 DATUM ELECTRONICS
11.3.2 MAGCANICA
11.3.3 INTERFACE
11.3.4 AIMCO
11.3.5 MOUNTZ
11.3.6 PCB PIEZOTRONICS
11.3.7 S. HIMMELSTEIN AND COMPANY
11.3.8 TRANSENSE TECHNOLOGIES
12 APPENDIX (Page No. - 149)
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 AVAILABLE CUSTOMIZATIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
The study involved four major activities in estimating the size for torque sensor market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with torque sensor industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various sources were referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, torque sensor-related journals, and certified publications; articles by recognized authors; gold and silver standard websites; directories; and databases like Factiva.
Secondary research was mainly conducted to obtain key information about the torque sensor industry supply chain, the market value chain, the total pool of key players, market classification and segmentation according to torque sensor industry trends to the bottom-most level, and key developments from both market- and technology-oriented perspectives. Data from secondary research was collected and analyzed to arrive at the overall market size, which was further validated by primary research.
Primary Research
In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain the qualitative and quantitative information for this report. Primary sources from the supply side include torque sensor industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related key executives from major companies and organizations operating in the torque sensor market.
Extensive primary research was conducted after obtaining information about the torque sensor market through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides. Primary data has been mainly collected through telephonic interviews, which constitute approximately 80% of the overall primary interviews. Moreover, questionnaires and emails were also used to collect the data.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches were used, along with several data triangulation methods, to estimate and forecast the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were carried out on the complete market engineering process to list the key information/insights pertaining to the torque sensor market.
Key players in the market were identified through secondary research, and their rankings in the respective regions were determined through primary and secondary research. This entire procedure involves the study of the annual and financial reports, Factiva data of top players, as well as interviews with torque sensor industry experts, such as chief executive officers, vice presidents, directors, and marketing executives, for both quantitative and qualitative key insights. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report.
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall size of the torque sensor market from the estimation process explained above, the total market was split into several segments and subsegments. The market breakdown and data triangulation procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Report Objectives
- To describe and forecast the torque sensor market, in terms of value, based on type, technology, application, and geography
- To describe and forecast the market size of torque sensor market, in terms of value, with regards to 4 main regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the torque sensor market
- To benchmark players within the market using the proprietary “Competitive Leadership Mapping” framework, which analyzes market players on various parameters within the broad categories of business strategy excellence and strength of product portfolio
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape of the market
- To analyze competitive developments such as acquisitions, product launches and developments, expansion, mergers, and acquisitions in the torque sensor market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Product Analysis
- Detailed analysis and profiling of additional market players
Generating Response ...
Growth opportunities and latent adjacency in Torque Sensor Market
Electric power steering system is one of the major application in automotive sector. Does your report describe what are the other application area of torque sensor in automotive?
On the basis of nature, torque can be measured through different ways. I would like to know the different types of torque sensors. Does your report cover different types of torque sensors and their market size in each application?
Torque sensors are used in various applications. I would like to understand what are the major application of torque sensor and what technologies of torque sensor are used in each application. Could you provide me related data ?
What are the upcoming application and trends f torque sensors?
I am writing the research paper on Torque Sensor. How does your report help me in my study?