Torque Sensor Market Trends, Analysis & Forecast, 2019 – 2025

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Torque Sensor Market Size will witness a rapid
growth to 2025
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Key Insights Torque Sensor Market

• Factors, such as high cost of torque transducers,
  for implementing in small machinery hinder the
  torque sensor market demand. Lack of sensor
  reliability in major applications, such as engine
  testing, transmission testing, and chassis
  performance measurement, is lowering the demand
  for such components. Frequent failures occurring
  in machines due to these meters stop the
  operation, eventually reducing the reliability
  and performance. Manufacturers lack of knowledge
  about the importance of implementing these
  components in all types of machines and robots to
  maintain the force level produced reducing the
  torque sensor market demand.
• Rotary sensors are expected to witness the
  highest growth in the torque sensor market owing
  to their varied applications in several machines
  such as vehicles, motors, and robots. The
  benefits offered by rotating meters include low
  electrical noise, high stiffness, high RPM
  ratings, and increased response times. The
  optical torque component demand in the torques
  sensor market is increasing rapidly. The growth
  of this segment is attributed to its major
  applications in compact and lightweight robots
  with increased range. These components are
  suitable for low torque and high bandwidth
  measurement and provide benefits such as
  high-speed, low inertia, and faster data
  throughput.

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Continued

• The growth in the automotive segment can be
  attributed to the rising implementation of these
  components in electric vehicles, steering
  systems, and dynamometers. In addition, these
  components are used in strain measurement, clutch
  testing, and dynamic force measurement in
  engines. Moreover, the aerospace defense
  segment in the torque sensor market will witness
  rapid growth in the upcoming years considering
  the rising utilization in aircraft.
• Some players in the torque sensor market are
  Honeywell Sensing and Control, HBM Test
  Measurement, ABB, PCB Piezotronics, Inc.,
  Teledyne Technologies, and Futek Advanced Sensor
  Technology. Several players in the industry
  adopted strategies, such as new product
  development innovation, merger, acquisition,
  collaboration, and partnership, to sustain the
  high industry competition. For instance, Teledyne
  Technologies launched its non-contact torque
  sensor that is designed for its installation
  between power source and load to accurately
  measure the torque.

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Market research reports Key analytical components

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Major Companies in Torque Sensor Market

• Honeywell Sensing and Control
• HBM Test Measurement
• ABB
• PCB Piezotronics Inc.
• Teledyne

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Regional Insights Torque Sensor Market

The North America torque sensor market is
anticipated to witness growth over the forecast
timeline due to the presence of huge automobile
and industrial sectors, the largest consumers of
torque transducers. Increasing government
standard for high-quality products is further
fueling the market demand and is also expected to
consume huge amounts of these components over the
forecast years. The development of the
industrial and consumer electronics sector
coupled with the presence of largest automotive
manufacturing facilities in Asia Pacific
countries including India, China, South Korea,
and Japan will support the industry development.
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