Static Torque Sensor Market Report: Trends, Forecast and Competitive Analysis to 2030

Static Torque Sensor Trends and Forecast

The future of the global static torque sensor market looks promising with opportunities in the manufacturing, robotic, automotive, aerospace & defense, medical sector, agriculture, printing and packaging, and industrial markets. The global static torque sensor market is expected to reach an estimated $8.7 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are the growing significance of torque measurement, the increasing need for improved high-performance automobiles and global need for static torque sensors in the vehicle sector, along with the integration of digital and wireless features.

A more than 150-page report is developed to help in your business decisions.

Static Torque Sensor by Segment

The study includes a forecast for the global static torque sensor by product, application, and region.

Static Torque Sensor Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Single Bond
• Double Bond
• Flange
• Others

Static Torque Sensor Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Manufacturing
• Robotics
• Automotive
• Aerospace & Defense
• Medical Sector
• Agriculture
• Printing and Packaging
• Industrial
• Others

Static Torque Sensor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Static Torque Sensor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies static torque sensor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the static torque sensor companies profiled in this report include-

• Futek Advanced Sensor Technology
• Honeywell International
• A&D Company
• Deprag
• ATI Industrial Automation
• HBM
• LORD MicroStrain

Static Torque Sensor Market Insights

Lucintel forecasts that flange is expected to witness the highest growth over the forecast period because of its wide range of in-line torque measuring applications.

APAC will remain the largest region over the forecast period due to the growing usage of static torque sensor devices throughout the region.

Features of the Global Static Torque Sensor Market

Market Size Estimates: Static torque sensor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Static torque sensor market size by product, application, and region in terms of value ($B).

Regional Analysis: Static torque sensor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the static torque sensor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the static torque sensor market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the static torque sensor market size?

Answer: The global static torque sensor market is expected to reach an estimated $8.7 billion by 2030.

Q2. What is the growth forecast for static torque sensor market?

Answer: The global static torque sensor market is expected to grow with a CAGR of 5.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the static torque sensor market?

Answer: The major drivers for this market are the growing significance of torque measurement, the increasing need for improved high-performance automobiles and global need for static torque sensors in the vehicle sector, along with the integration of digital and wireless features.

Q4. What are the major segments for static torque sensor market?

Answer: The future of the global static torque sensor market looks promising with opportunities in the manufacturing, robotic, automotive, aerospace & defense, medical sector, agriculture, printing and packaging, and industrial markets.

Q5. Who are the key static torque sensor market companies?

Answer: Some of the key static torque sensor companies are as follows.

• Futek Advanced Sensor Technology
• Honeywell International
• A&D Company
• Deprag
• ATI Industrial Automation
• HBM
• LORD MicroStrain

Q6. Which static torque sensor market segment will be the largest in future?

Answer: Lucintel forecasts that flange is expected to witness the highest growth over the forecast period because of its wide range of in-line torque measuring applications.

Q7. In static torque sensor market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to the growing usage of static torque sensor devices throughout the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the static torque sensor market by product (single bond, double bond, flange, and others), application (manufacturing, robotics, automotive, aerospace & defense, medical sector, agriculture, printing and packaging, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?