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Global Torque Sensor Market Size study, by Type, by Technology, by Application and Regional Forecasts 2020-2027

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Global Torque Sensor Market Size study, by Type, by Technology, by Application and Regional Forecasts 2020-2027
Published: October 1, 2020 Content info:
Description

Title:
Global Torque Sensor Market Size study
by Type (Rotary Torque Sensor, Reaction Torque Sensor), by Technology (SAW, Optical, Strain Gauge, Magnetoelastic), by Application (Aerospace & Defense, Industrial, Automotive, Test and Measurement, Others) and Regional Forecasts 2020-2027.

Global Torque Sensor Market is valued approximately USD 10.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.9 % over the forecast period 2020-2027. Torque sensors are devices used to calculate the torque of rotating mechanisms. These instruments are used mostly to calculate the torque level in many machines used in car manufacturing, large production systems, and power generation machines. Torque measurement in propulsion systems is of paramount importance in engine & transmission testing, pump testing, turbine testing and power measurement. Torque sensors have a significant number of applications in automotive applications such as chassis performance, steering systems, dynamometers, transmission and driveline. Torque Sensors Market's driving factor includes trend towards electric vehicle adoption, upgrading to electric power steering system, trend towards condition-based maintenance and the need for improved fuel efficiency. The key players of global Torque Sensor market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, in March 2018, HBM launched T21WN torque transducers based on the strain-gauge technology. It is ideal for laboratory, test shop, and testing applications as well as for the use in production and process monitoring as well as quality assurance. It is expected that the lack of reliable sensors for high-end applications will limit the growth of the torque sensor market over the forecast period.

The regional analysis of global Torque Sensor Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Despite the existence of huge automotive and industrial industries, the largest consumers of torque transducers, the North America torque sensor market is anticipated to witness growth over the forecast timeframe. The government requirements for high-quality goods further boost consumer demand and are projected to consume significant quantities of these components. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as Increasing Demand for Advanced High-Performance Vehicle, Growing Importance of Torque Measurement, Rising Demand for Torque Sensors for Electric Power Steering (EPS) Systems would create lucrative growth prospects for the Torque Sensor Market across Asia-Pacific region.

Major market player included in this report are:

ABB

Crane Electronics

Futek Advanced Sensor Technology

HBM

Applied Measurements

Honeywell International

Kistler Holding

Sensor Technology

Norbar Torque Tools

Infineon Technologies

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Rotary Torque Sensor

Reaction Torque Sensor

By Technology:

Surface Acoustic Wave

Optical

Strain Gauge

Magnetoelastic

By Application:

Aerospace & Defense

Industrial

Automotive

Test and Measurement

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018

Base year - 2019

Forecast period - 2020 to 2027

Target Audience of the Global Torque Sensor Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
    • 1.2.1. Torque Sensor Market, by Region, 2018-2027 (USD Billion)
    • 1.2.2. Torque Sensor Market, by Type, 2018-2027 (USD Billion)
    • 1.2.3. Torque Sensor Market, by Technology, 2018-2027 (USD Billion)
    • 1.2.4. Torque Sensor Market, by Application, 2018-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Torque Sensor Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Torque Sensor Market Dynamics

  • 3.1. Torque Sensor Market Impact Analysis (2018-2027)
    • 3.1.1. Market Drivers
    • 3.1.2. Market Challenges
    • 3.1.3. Market Opportunities

Chapter 4. Global Torque Sensor Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Torque Sensor Market, by Type

  • 5.1. Market Snapshot
  • 5.2. Global Torque Sensor Market by Type, Performance - Potential Analysis
  • 5.3. Global Torque Sensor Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
  • 5.4. Torque Sensor Market, Sub Segment Analysis
    • 5.4.1. Rotary Torque Sensor
    • 5.4.2. Reaction Torque Sensor

Chapter 6. Global Torque Sensor Market, by Technology

  • 6.1. Market Snapshot
  • 6.2. Global Torque Sensor Market by Technology, Performance - Potential Analysis
  • 6.3. Global Torque Sensor Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)
  • 6.4. Torque Sensor Market, Sub Segment Analysis
    • 6.4.1. Surface Acoustic Wave
    • 6.4.2. Optical
    • 6.4.3. Strain Gauge
    • 6.4.4. Magnetoelastic

Chapter 7. Global Torque Sensor Market, by Application

  • 7.1. Market Snapshot
  • 7.2. Global Torque Sensor Market by Product Application, Performance - Potential Analysis
  • 7.3. Global Torque Sensor Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
  • 7.4. Torque Sensor Market, Sub Segment Analysis
    • 7.4.1. Aerospace & Defense
    • 7.4.2. Industrial
    • 7.4.3. Automotive
    • 7.4.4. Test and Measurement
    • 7.4.5. Others

Chapter 8. Global Torque Sensor Market, Regional Analysis

  • 8.1. Torque Sensor Market, Regional Market Snapshot
  • 8.2. North America Torque Sensor Market
    • 8.2.1. U.S. Torque Sensor Market
      • 8.2.1.1. Type breakdown estimates & forecasts, 2017-2027
      • 8.2.1.2. Technology breakdown estimates & forecasts, 2017-2027
      • 8.2.1.3. Application breakdown estimates & forecasts, 2017-2027
    • 8.2.2. Canada Torque Sensor Market
  • 8.3. Europe Torque Sensor Market Snapshot
    • 8.3.1. U.K. Torque Sensor Market
    • 8.3.2. Germany Torque Sensor Market
    • 8.3.3. France Torque Sensor Market
    • 8.3.4. Spain Torque Sensor Market
    • 8.3.5. Italy Torque Sensor Market
    • 8.3.6. Rest of Europe Torque Sensor Market
  • 8.4. Asia-Pacific Torque Sensor Market Snapshot
    • 8.4.1. China Torque Sensor Market
    • 8.4.2. India Torque Sensor Market
    • 8.4.3. Japan Torque Sensor Market
    • 8.4.4. Australia Torque Sensor Market
    • 8.4.5. South Korea Torque Sensor Market
    • 8.4.6. Rest of Asia Pacific Torque Sensor Market
  • 8.5. Latin America Torque Sensor Market Snapshot
    • 8.5.1. Brazil Torque Sensor Market
    • 8.5.2. Mexico Torque Sensor Market
  • 8.6. Rest of The World Torque Sensor Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. ABB
      • 9.2.1.1. Key Information
      • 9.2.1.2. Overview
      • 9.2.1.3. Financial (Subject to Data Availability)
      • 9.2.1.4. Product Summary
      • 9.2.1.5. Recent Developments
    • 9.2.2. Crane Electronics
    • 9.2.3. Futek Advanced Sensor Technology
    • 9.2.4. HBM
    • 9.2.5. Applied Measurements
    • 9.2.6. Honeywell International
    • 9.2.7. Kistler Holding
    • 9.2.8. Sensor Technology
    • 9.2.9. Norbar Torque Tools
    • 9.2.10. Infineon Technologies

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
  • 10.3. Research Assumption

LIST OF TABLES

  • TABLE 1. GLOBAL TORQUE SENSOR MARKET, REPORT SCOPE
  • TABLE 2. GLOBAL TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY REGION 2017-2027 (USD BILLION)
  • TABLE 3. GLOBAL TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY PRODUCT TYPE 2017-2027 (USD BILLION)
  • TABLE 4. GLOBAL TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY PRODUCT DESIGN 2017-2027 (USD BILLION)
  • TABLE 5. GLOBAL TORQUE SENSOR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 6. GLOBAL TORQUE SENSOR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 7. GLOBAL TORQUE SENSOR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 8. GLOBAL TORQUE SENSOR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 9. GLOBAL TORQUE SENSOR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 10. GLOBAL TORQUE SENSOR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 11. GLOBAL TORQUE SENSOR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 12. GLOBAL TORQUE SENSOR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 13. GLOBAL TORQUE SENSOR MARKET BY SEGMENT, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 14. GLOBAL TORQUE SENSOR MARKET BY REGION, ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 15. U.S. TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 16. U.S. TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 17. U.S. TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 18. CANADA TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 19. CANADA TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 20. CANADA TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 21. UK TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 22. UK TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 23. UK TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 24. GERMANY TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 25. GERMANY TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 26. GERMANY TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 27. ROE TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 28. ROE TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 29. ROE TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 30. CHINA TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 31. CHINA TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 32. CHINA TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 33. INDIA TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 34. INDIA TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 35. INDIA TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 36. JAPAN TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 37. JAPAN TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 38. JAPAN TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 39. ROAPAC TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 40. ROAPAC TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 41. ROAPAC TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 42. BRAZIL TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 43. BRAZIL TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 44. BRAZIL TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 45. MEXICO TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 46. MEXICO TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 47. MEXICO TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 48. ROLA TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 49. ROLA TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 50. ROLA TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 51. ROW TORQUE SENSOR MARKET ESTIMATES & FORECASTS, 2017-2027 (USD BILLION)
  • TABLE 52. ROW TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 53. ROW TORQUE SENSOR MARKET ESTIMATES & FORECASTS BY SEGMENT 2017-2027 (USD BILLION)
  • TABLE 54. LIST OF SECONDARY SOURCES, USED IN THE STUDY OF GLOBAL TORQUE SENSOR MARKET
  • TABLE 55. LIST OF PRIMARY SOURCES, USED IN THE STUDY OF GLOBAL TORQUE SENSOR MARKET
  • TABLE 56. YEARS CONSIDERED FOR THE STUDY
  • TABLE 57. EXCHANGE RATES CONSIDERED

LIST OF FIGURES

  • FIG 1. GLOBAL TORQUE SENSOR MARKET, RESEARCH METHODOLOGY
  • FIG 2. GLOBAL TORQUE SENSOR MARKET, MARKET ESTIMATION TECHNIQUES
  • FIG 3. GLOBAL MARKET SIZE ESTIMATES & FORECAST METHODS
  • FIG 4. GLOBAL TORQUE SENSOR MARKET, KEY TRENDS 2019
  • FIG 5. GLOBAL TORQUE SENSOR MARKET, GROWTH PROSPECTS 2020-2027
  • FIG 6. GLOBAL TORQUE SENSOR MARKET, PORTERS 5 FORCE MODEL
  • FIG 7. GLOBAL TORQUE SENSOR MARKET, PEST ANALYSIS
  • FIG 8. GLOBAL TORQUE SENSOR MARKET, VALUE CHAIN ANALYSIS
  • FIG 9. GLOBAL TORQUE SENSOR MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
  • FIG 10. GLOBAL TORQUE SENSOR MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
  • FIG 11. GLOBAL TORQUE SENSOR MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
  • FIG 12. GLOBAL TORQUE SENSOR MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
  • FIG 13. GLOBAL TORQUE SENSOR MARKET BY SEGMENT, 2017 & 2027 (USD BILLION)
  • FIG 14. GLOBAL TORQUE SENSOR MARKET, REGIONAL SNAPSHOT 2017 & 2027
  • FIG 15. NORTH AMERICA TORQUE SENSOR MARKET 2017 & 2027 (USD BILLION)
  • FIG 16. EUROPE TORQUE SENSOR MARKET 2017 & 2027 (USD BILLION)
  • FIG 17. ASIA PACIFIC TORQUE SENSOR MARKET 2017 & 2027 (USD BILLION)
  • FIG 18. LATIN AMERICA TORQUE SENSOR MARKET 2017 & 2027 (USD BILLION)
  • FIG 19. GLOBAL TORQUE SENSOR MARKET, COMPANY MARKET SHARE ANALYSIS (2019)
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