The global torque sensor market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during the forecast period (2021-2026). Torque sensor, or torque transducer, refers to an electronic device that is designed to detect, monitor, record and regulate rotational and linear forces exerted on it. It converts mechanical input into an electrical signal and is commonly used in electric motors, rotors, gearboxes, craft shifts, crankshafts, engines and other rotating devices to ensure optimal performance of the entire system. Super acoustic wave (SAW), strain gauge, optical, magnetoelastic and piezoelectric torque sensors are the most common variants available in the market. They find extensive applications across various industries, including automotive, aerospace, defense, healthcare, agriculture and mining.
Significant growth in the automotive industry and the increasing demand for high-performance hybrid and electric automobiles are among the key factors that are creating a positive outlook for the market. Torque sensors are fitted into the steering column in the electric power steering (EPS) system to improve the fuel and energy efficiency of the vehicle. Apart from this, it is also used for real-time torque management, engine and chassis performance measurement and energy transmission of the automobile. Furthermore, widespread adoption of torque sensors by industrial robots for product testing is also providing a boost to the market growth. Various technological advancements, such as the development of rotary sensors with minimal weight, electrical noise, high stiffness and improved response time, are contributing to the market growth. The production of non-contact and wireless optical torque sensors with greater sensitivity and electrical passiveness, along with the emergence of medical robots, are some of the other factors projected to drive the market further.
Breakup by Type:
- Rotary Torque Sensor
- Reaction Torque Sensor
Breakup by Technology:
- Surface Acoustic Wave (SAW)
- Optical
- Strain Gauge
- Others
Breakup by Application:
- Aerospace and Defense
- Automotive
- Testing and Measurement
- Healthcare
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Applied Measurements Ltd., Crane Electronics Inc., Datum Electronics Ltd. (Indutrade AB), FUTEK Advanced Sensor Technology Inc., Hitachi Ltd., Honeywell International Inc., Hottinger Baldwin Messtechnik GmbH (Spectris plc), Infineon Technologies AG, Kistler Holding AG, Norbar Torque Tools Ltd. (Snap-on Incorporated), PCB Piezotronics Inc. (MTS Systems Corporation), etc.
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?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Torque Sensor Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Rotary Torque Sensor
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Reaction Torque Sensor
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Technology
7.1 Surface Acoustic Wave (SAW)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Optical
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Strain Gauge
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Aerospace and Defense
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automotive
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Testing and Measurement
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Healthcare
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Applied Measurements Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Crane Electronics Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Datum Electronics Ltd. (Indutrade AB)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 FUTEK Advanced Sensor Technology Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Hitachi Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Honeywell International Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Hottinger Baldwin Messtechnik GmbH (Spectris Plc)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Infineon Technologies AG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Kistler Holding AG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Norbar Torque Tools Ltd. (Snap-on Incorporated)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 PCB Piezotronics Inc. (MTS Systems Corporation)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Torque Sensor Market: Major Drivers and Challenges
Figure 2: Global: Torque Sensor Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Torque Sensor Market: Breakup by Type (in %), 2020
Figure 4: Global: Torque Sensor Market: Breakup by Technology (in %), 2020
Figure 5: Global: Torque Sensor Market: Breakup by Application (in %), 2020
Figure 6: Global: Torque Sensor Market: Breakup by Region (in %), 2020
Figure 7: Global: Torque Sensor Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Torque Sensor (Rotary Torque Sensor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Torque Sensor (Rotary Torque Sensor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Torque Sensor (Reaction Torque Sensor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Torque Sensor (Reaction Torque Sensor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Torque Sensor (Surface Acoustic Wave) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Torque Sensor (Surface Acoustic Wave) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Torque Sensor (Optical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Torque Sensor (Optical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Torque Sensor (Strain Gauge) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Torque Sensor (Strain Gauge) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Torque Sensor (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Torque Sensor (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Torque Sensor (Aerospace and Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Torque Sensor (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Torque Sensor (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Torque Sensor (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Torque Sensor (Testing and Measurement) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Torque Sensor (Testing and Measurement) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Torque Sensor (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Torque Sensor (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Torque Sensor (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Torque Sensor (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: North America: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: North America: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: United States: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: United States: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Canada: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Canada: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Asia Pacific: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Asia Pacific: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: China: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: China: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Japan: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Japan: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: India: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: India: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: South Korea: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: South Korea: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Australia: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Australia: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Indonesia: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Indonesia: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Others: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Others: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Europe: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Europe: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Germany: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Germany: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: France: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: France: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: United Kingdom: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: United Kingdom: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Italy: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Italy: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Spain: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Spain: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Russia: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Russia: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Others: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Others: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Latin America: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Latin America: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Brazil: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Brazil: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Mexico: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Mexico: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Middle East and Africa: Torque Sensor Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Middle East and Africa: Torque Sensor Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Global: Torque Sensor Industry: SWOT Analysis
Figure 79: Global: Torque Sensor Industry: Value Chain Analysis
Figure 80: Global: Torque Sensor Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Torque Sensor Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Torque Sensor Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Torque Sensor Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 4: Global: Torque Sensor Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Torque Sensor Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Torque Sensor Market: Competitive Structure
Table 7: Global: Torque Sensor Market: Key Players