Torque Sensor Market

Torque Sensor Market Study by Shaft Style and Flange Style for Automotive & Transportation, Aerospace & Defense, and Medical & Healthcare from 2024 to 2034

Analysis of Torque Sensor Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Torque Sensor Market Outlook (2024 to 2034)

The global torque sensor market size is estimated to be valued at US$ 8,601.2 million in 2024 and is anticipated to reach US$ 15,156.3 million by 2034. The demand for torque sensors is likely to rise at a CAGR of 5.8% through 2034. The consistent CAGR underscores a sustained demand for torque sensors across diverse industries, from automotive to industrial automation and renewable energy.

Key Market Growth Drivers

  • With the automotive industry increasingly emphasizing electric and hybrid vehicles, torque sensors play a crucial role in ensuring efficient power delivery and performance. The demand for torque sensors is escalating due to their integral role in enhancing the precision and control of electric power steering systems and other drivetrain components.
  • The growing trend toward automation in various industries, including manufacturing and robotics, is the key driver for torque sensor adoption. Torque sensors enable precise control and monitoring of rotational forces in automated machinery, contributing to improved efficiency, safety, and quality in manufacturing processes.
  • Torque sensors are essential in wind turbines and other renewable energy applications where monitoring and controlling torque is critical. As the renewable energy sector continues to expand, the demand for torque sensors is expected to rise, supporting the development and maintenance of efficient and reliable energy generation systems.

Torque sensors find extensive applications in the aerospace industry, particularly in aircraft systems. The need for accurate torque measurement in components like engines, control surfaces, and landing gear contributes to the growing demand for torque sensors to ensure optimal performance, safety, and maintenance.

This upward trajectory of torque sensor sales aligns with the focus on precision, efficiency, and sustainability across industries. As industries increasingly prioritize accuracy, control, and adherence to stringent standards, the torque sensor industry stands poised to be a key enabler of these imperatives.

Report Attributes Details
Estimated Torque Sensor Market Value (2024E) US$ 8,601.2 million
Forecasted Market Value (2034F) US$ 15,156.3 million
Global Market Growth Rate (2024 to 2034) 5.8% CAGR
Medical & Healthcare Segment Share (2024) 31.5%
Flange Style Segment Share (2024) 77.3%
North America Market Share (2024) 81.5%
East Asia Market Share (2024) 59.2%
Key Companies Profiled
  • ABB Ltd.
  • Honeywell International Inc.
  • HBM (Hottinger Baldwin Messtechnik GmbH)
  • FUTEK Advanced Sensor Technology Inc.
  • Interface Inc.
  • Teledyne Technologies Inc.
  • Kistler Group
  • Applied Measurements Ltd.
  • Crane Electronics Ltd.
  • Datum Electronics

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Which Trends are Expected to Drive Sales of Torque Sensors over the Forecast Period?

"Emergence of Non-Contact Torque Sensors Invites Investments from Market Players"

The surge in the adoption of non-contact torque sensors marks a rapid shift in the sensor technology industry. Non-contact torque sensors revolutionize traditional torque measurement by eliminating the need for physical contact between the sensor and the rotating shaft. This innovation results in a host of benefits, including reduced wear and tear, elevated accuracy levels, and minimal maintenance requirements. Industries are increasingly favoring these sensors for critical applications where precision is non-negotiable.

The trend underscores a commitment to efficiency and reliability, aligning with the broader industrial pursuit of optimized performance and cost-effectiveness. As non-contact torque sensors become synonymous with cutting-edge technology, their increasing prevalence reshapes the industrial landscape, driving demand for higher precision in torque measurement methodologies.

"Rising Use of Torque Sensors in Optimizing Renewable Energy Generation"

The torque sensor's crucial role in the growing renewable energy sector, including wind and solar power generation, signifies its strategic importance in advancing sustainable energy solutions. Renewable energy systems heavily rely on torque sensors to monitor and optimize crucial rotating equipment performance.

In this context, torque sensors contribute significantly to enhancing the efficiency and reliability of renewable energy systems. As the world intensifies its focus on transitioning to cleaner and more sustainable energy sources, the adoption of torque sensors becomes instrumental in ensuring the seamless operation and longevity of renewable energy infrastructure. The torque sensor's growing importance in this sector underscores its status as an indispensable component in the pursuit of greener and more sustainable energy.

Which Factors are Restraining the Expansion of the Torque Sensor Market?

“Cost Implications, Affordability Concerns, and a Lack of Skilled Workforce”

The torque sensor market is filled with challenges tied to cost implications, placing the affordability of advanced torque sensing technologies as a key consideration for potential adopters. High initial investment and operational costs constitute potential hurdles, especially for small and medium-sized enterprises (SMEs) seeking to integrate torque sensors into their systems. Striking a balance between technological sophistication and economic feasibility is crucial for widespread adoption across diverse industrial sectors.

The torque sensor manufacturers face a hurdle rooted in advanced torque sensing technologies. This challenge revolves around the technological complexity inherent in implementing and maintaining sophisticated sensors, demanding specialized skills, training, and resources. The necessity for skilled personnel acts as a potential barrier, particularly for industries or businesses lacking the requisite expertise. Overcoming this challenge involves not only technological refinement but also focused efforts on skill development and accessibility, ensuring a smoother integration process for end-users.

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How Can Start-ups Tap into Lucrative Opportunities in Torque Sensor Business?

“Focus on User-Friendly Installation and Calibration Processes by Start-ups”

Start-ups aiming to thrive in the torque sensor business can prioritize user-friendly installation and calibration processes. Streamlining these procedures becomes a pivotal selling point, especially for smaller businesses lacking extensive technical expertise. By developing plug-and-play solutions that minimize downtime and negate the need for specialized skills, start-ups enhance accessibility and broaden their market appeal. This approach not only caters to the needs of diverse end-users but also aligns with industry trends, favoring seamless integration and operational efficiency. Through simplified processes, start-ups can position themselves as providers of hassle-free torque sensing solutions, fostering positive user experiences and building a competitive edge in the market.

"Promoting Environmental Sustainability and Emphasizing Energy-efficient Designs"

In response to growing environmental concerns, start-ups can carve a niche in the torque sensor market by prioritizing eco-friendly materials and energy-efficient designs. By developing sensors with a reduced carbon footprint and emphasizing sustainability in product marketing, these start-ups tap into a market driven by corporate responsibility initiatives. Industries and businesses committed to environmentally conscious practices find value in such offerings, creating opportunities for collaboration and adoption. By aligning with sustainability trends, start-ups position themselves as socially responsible contributors to the torque sensor industry, boosting goodwill and attracting businesses with a focus on ecological sustainability.

Country-wise Insights

The North America torque sensor market is anticipated to be worth US$ 2,459.9 million in 2024, representing a substantial market share of 28.6%. Meanwhile, in 2024, the torque sensor market in East Asia is likely to boast a significant value of US$ 3,139.4 million and capture a substantial market share of 36.5%.

Growth Outlook for Countries in North America

Attribute Value
North America Market Value in 2024 US$ 2,459.9 million
North America Market Share in 2024 28.6%
Country CAGR through 2034
United States 4.8%
Canada 5.2%
Mexico 7.6%

Why is Mexico Positioned for Lucrative Growth in North America's Torque Sensor Market?

“Mexico’s Torque Sensor Industry to Turn into a Lucrative Opportunity for Manufacturers Eyeing for Expansion”

Mexico's torque sensor market is estimated to rise at a CAGR of 7.6% through 2034. This positive trajectory can be attributed to several factors, including the country's expanding industrial sector and a rising demand for advanced torque sensing technologies across diverse sectors. As Mexico solidifies its position as a manufacturing hub, industries such as automotive, aerospace, and energy increasingly rely on torque sensors for enhanced precision and efficiency. Moreover, the country's geographical location and favorable trade agreements contribute to its attractiveness as a key torque sensor market. With a growing emphasis on technological innovation and industrial automation, Mexico presents lucrative opportunities for torque sensor manufacturers seeking to capitalize on the latest torque sensor trends.

Growth Outlook for Countries in East Asia

Attribute Value
East Asia Torque Sensor Market Value in 2024 US$ 3,139.4 million
East Asia Torque Sensor Market Share in 2024 36.5%
Country CAGR through 2034
China 6.2%
Japan 6.9%
Korea 7.2%

Which Country in East Asia Shows Untapped Potential for Players?

“Cutting-edge Sensor Technologies Fueling Demand for Torque Sensors in Korea”

Korea's industrial sector, propelled by automation and robotics, fosters a thriving market for torque sensors. However, the projected CAGR of the market is 7.2% until 2034. This growth translates to a rapidly expanding industry with opportunities for fresh entrants.

New players with a keen eye for niche applications or cutting-edge sensor technologies stand to carve out dominance in this industry. The future outlook suggests lucrative opportunities for players who cater to the specific needs of burgeoning industries like medical robotics or green energy initiatives.

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Category-wise Insights

By application, the medical & healthcare segment is projected to hold a 31.5% of the global torque sensor market share in 2024. Simultaneously, the flange style mechanical configuration is anticipated to secure a noteworthy share of 77.3% in 2024.

Which Sector Has Wide Applications of Torque Sensors?

“Rising Adoption of Torque Sensors in the Medical & Healthcare Sector”

Attributes Details

Segment Share in 2024

31.5%

The medical and healthcare segment is estimated to hold 31.5% of the market share in 2024. Torque sensors are invaluable in medical procedures, where precise control and feedback are crucial for optimal outcomes. Torque sensors are key to precision healthcare, from prosthetics that mimic natural movement to surgical robots requiring delicate manipulation.

By monitoring torque during procedures, medical professionals can ensure instruments and devices function within safe limits, reducing the risk of complications and improving patient safety. The medical industry is constantly evolving with the rise in torque sensor technologies. Advancements in miniaturization and data integration are opening doors for even more groundbreaking applications over the forecast period.

Which Mechanical Configuration Segment is Estimated to Lead the Torque Sensor Market?

“Rise in Demand for Torque Sensors with Flange Style Mechanical Configuration”

Attributes Details

Segment Share in 2024

77.3%

The flange style mechanical configuration segment is anticipated to hold a share of 77.3% in 2024. The flange's simple mounting mechanism ensures seamless integration, minimizing downtime and operational disruptions. This resonates particularly with manufacturers prioritizing speed and cost-effectiveness.

From industrial automation to medical robotics, its adaptability caters to a diverse range of applications, making it a one-size-fits-most solution for a fragmented market. The flange style’s robust construction withstands harsh operating conditions, ensuring reliable performance even in demanding environments. This durability minimizes maintenance costs and downtime, a crucial factor for cost-conscious buyers. This affordability broadens the market reach, making torque sensors accessible to a wider range of users and applications.

Competitive Landscape

Expanding Applications of Torque Sensors Open New Doors for Companies

The torque sensor market is undergoing rapid transformation fueled by technological innovation. Competitors are engaged in a relentless race to achieve miniaturization, integrate sensors with other technologies, and enhance data analytics capabilities. This drive pushes the boundaries of technology, resulting in more precise, efficient, and intelligent torque sensors.

The application of torque sensors is expanding beyond traditional industrial uses. Sectors such as medical, robotics, and automotive are emerging as significant contributors to market demand. In response, industry players are adapting their offerings to cater to these new and niche markets, showcasing the market's growing diversification.

While high-precision sensors command premium prices, the torque sensor market remains resilient in its demand for cost-effective solutions. Companies are strategically focusing on optimizing costs while maintaining performance to reach a broader customer base. Strategic partnerships and acquisitions are becoming commonplace as players aim to expand their reach, acquire new technologies, and gain access to emerging markets.

  • NXP Semiconductors launched its new MXS1100 series of high-performance analog integrated circuits (ICs) that offer advanced signal processing capabilities for various applications such as automotive, industrial, medical, and consumer electronics. The MXS1100 series includes analog front-end ICs (AFCIs), analog-to-digital converters (ADCs), digital-to-analog converters (DACs), and power management ICs (PMICs).
  • Honeywell International Inc. introduced its new HXW Series of wireless force sensors that provide accurate and reliable force measurement for various applications such as robotics, automation, and industrial inspection.
  • Teledyne Technologies announced its new TCS1000 Series of contactless torque sensors that offer high performance and durability for harsh environments such as oil and gas exploration.

Segmentation of Torque Sensor Market Research

  • By Application:

    • Automotive & Transportation
    • Aerospace & Defense
    • Medical & Healthcare
    • Others
  • By Mechanical Configuration:

    • Shaft Style
    • Flange Style
  • By Region:

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2019-2023 and Forecast, 2024-2034

    4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2019-2023

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2024-2034

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Type, 2019-2023

    5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Type, 2024-2034

        5.3.1. Dynamic Torque Sensor

            5.3.1.1. Rotary Torque Sensor

            5.3.1.2. Non-Contacting Torque Sensor

        5.3.2. Static Torque Sensor

    5.4. Y-o-Y Growth Trend Analysis By Type, 2019-2023

    5.5. Absolute $ Opportunity Analysis By Type, 2024-2034

6. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Application, 2019-2023

    6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Application, 2024-2034

        6.3.1. Automotive

        6.3.2. Industrial

        6.3.3. Aerospace & Defence

        6.3.4. Healthcare

        6.3.5. Others

    6.4. Y-o-Y Growth Trend Analysis By Application, 2019-2023

    6.5. Absolute $ Opportunity Analysis By Application, 2024-2034

7. Global Market Analysis 2019-2023 and Forecast 2024-2034, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2019-2023

    7.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2024-2034

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Western Europe

        7.3.4. Eastern Europe

        7.3.5. South Asia and Pacific

        7.3.6. East Asia

        7.3.7. Middle East and Africa

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    8.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023

    8.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2024-2034

        8.2.1. By Country

            8.2.1.1. U.S.

            8.2.1.2. Canada

        8.2.2. By Type

        8.2.3. By Application

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Type

        8.3.3. By Application

    8.4. Key Takeaways

9. Latin America Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023

    9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2024-2034

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Type

        9.2.3. By Application

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Type

        9.3.3. By Application

    9.4. Key Takeaways

10. Western Europe Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023

    10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2024-2034

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. U.K.

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Western Europe

        10.2.2. By Type

        10.2.3. By Application

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Type

        10.3.3. By Application

    10.4. Key Takeaways

11. Eastern Europe Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023

    11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2024-2034

        11.2.1. By Country

            11.2.1.1. Poland

            11.2.1.2. Russia

            11.2.1.3. Czech Republic

            11.2.1.4. Romania

            11.2.1.5. Rest of Eastern Europe

        11.2.2. By Type

        11.2.3. By Application

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Type

        11.3.3. By Application

    11.4. Key Takeaways

12. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023

    12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2024-2034

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Bangladesh

            12.2.1.3. Australia

            12.2.1.4. New Zealand

            12.2.1.5. Rest of South Asia and Pacific

        12.2.2. By Type

        12.2.3. By Application

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Type

        12.3.3. By Application

    12.4. Key Takeaways

13. East Asia Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023

    13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2024-2034

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Type

        13.2.3. By Application

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Type

        13.3.3. By Application

    13.4. Key Takeaways

14. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2034, By Country

    14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2019-2023

    14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2024-2034

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Israel

            14.2.1.4. Rest of MEA

        14.2.2. By Type

        14.2.3. By Application

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Type

        14.3.3. By Application

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. U.S.

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2023

            15.1.2.1. By Type

            15.1.2.2. By Application

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2023

            15.2.2.1. By Type

            15.2.2.2. By Application

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2023

            15.3.2.1. By Type

            15.3.2.2. By Application

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2023

            15.4.2.1. By Type

            15.4.2.2. By Application

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2023

            15.5.2.1. By Type

            15.5.2.2. By Application

    15.6. U.K.

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2023

            15.6.2.1. By Type

            15.6.2.2. By Application

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2023

            15.7.2.1. By Type

            15.7.2.2. By Application

    15.8. Spain

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2023

            15.8.2.1. By Type

            15.8.2.2. By Application

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2023

            15.9.2.1. By Type

            15.9.2.2. By Application

    15.10. Poland

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2023

            15.10.2.1. By Type

            15.10.2.2. By Application

    15.11. Russia

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2023

            15.11.2.1. By Type

            15.11.2.2. By Application

    15.12. Czech Republic

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2023

            15.12.2.1. By Type

            15.12.2.2. By Application

    15.13. Romania

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2023

            15.13.2.1. By Type

            15.13.2.2. By Application

    15.14. India

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2023

            15.14.2.1. By Type

            15.14.2.2. By Application

    15.15. Bangladesh

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2023

            15.15.2.1. By Type

            15.15.2.2. By Application

    15.16. Australia

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2023

            15.16.2.1. By Type

            15.16.2.2. By Application

    15.17. New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2023

            15.17.2.1. By Type

            15.17.2.2. By Application

    15.18. China

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2023

            15.18.2.1. By Type

            15.18.2.2. By Application

    15.19. Japan

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2023

            15.19.2.1. By Type

            15.19.2.2. By Application

    15.20. South Korea

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2023

            15.20.2.1. By Type

            15.20.2.2. By Application

    15.21. GCC Countries

        15.21.1. Pricing Analysis

        15.21.2. Market Share Analysis, 2023

            15.21.2.1. By Type

            15.21.2.2. By Application

    15.22. South Africa

        15.22.1. Pricing Analysis

        15.22.2. Market Share Analysis, 2023

            15.22.2.1. By Type

            15.22.2.2. By Application

    15.23. Israel

        15.23.1. Pricing Analysis

        15.23.2. Market Share Analysis, 2023

            15.23.2.1. By Type

            15.23.2.2. By Application

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Type

        16.3.3. By Application

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. Kistler Group

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. Datum Electronics

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. Infineon Technologies

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. Futek Advanced Sensor Technology Inc

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. HBK India

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. Crane Electronics

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. Sensor Technology

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Honeywell International Inc

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

        17.1.9. PCB Piezotronics

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

                17.1.9.5.2. Product Strategy

                17.1.9.5.3. Channel Strategy

        17.1.10. ABB Ltd

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

                17.1.10.5.2. Product Strategy

                17.1.10.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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List Of Table

Table 1: Global Market Value (US$ Mn) Forecast by Region, 2019-2034

Table 2: Global Market Volume (Units) Forecast by Region, 2019-2034

Table 3: Global Market Value (US$ Mn) Forecast by Type, 2019-2034

Table 4: Global Market Volume (Units) Forecast by Type, 2019-2034

Table 5: Global Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 6: Global Market Volume (Units) Forecast by Application, 2019-2034

Table 7: North America Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 8: North America Market Volume (Units) Forecast by Country, 2019-2034

Table 9: North America Market Value (US$ Mn) Forecast by Type, 2019-2034

Table 10: North America Market Volume (Units) Forecast by Type, 2019-2034

Table 11: North America Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 12: North America Market Volume (Units) Forecast by Application, 2019-2034

Table 13: Latin America Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 14: Latin America Market Volume (Units) Forecast by Country, 2019-2034

Table 15: Latin America Market Value (US$ Mn) Forecast by Type, 2019-2034

Table 16: Latin America Market Volume (Units) Forecast by Type, 2019-2034

Table 17: Latin America Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 18: Latin America Market Volume (Units) Forecast by Application, 2019-2034

Table 19: Western Europe Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 20: Western Europe Market Volume (Units) Forecast by Country, 2019-2034

Table 21: Western Europe Market Value (US$ Mn) Forecast by Type, 2019-2034

Table 22: Western Europe Market Volume (Units) Forecast by Type, 2019-2034

Table 23: Western Europe Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 24: Western Europe Market Volume (Units) Forecast by Application, 2019-2034

Table 25: Eastern Europe Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2019-2034

Table 27: Eastern Europe Market Value (US$ Mn) Forecast by Type, 2019-2034

Table 28: Eastern Europe Market Volume (Units) Forecast by Type, 2019-2034

Table 29: Eastern Europe Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 30: Eastern Europe Market Volume (Units) Forecast by Application, 2019-2034

Table 31: South Asia and Pacific Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019-2034

Table 33: South Asia and Pacific Market Value (US$ Mn) Forecast by Type, 2019-2034

Table 34: South Asia and Pacific Market Volume (Units) Forecast by Type, 2019-2034

Table 35: South Asia and Pacific Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 36: South Asia and Pacific Market Volume (Units) Forecast by Application, 2019-2034

Table 37: East Asia Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 38: East Asia Market Volume (Units) Forecast by Country, 2019-2034

Table 39: East Asia Market Value (US$ Mn) Forecast by Type, 2019-2034

Table 40: East Asia Market Volume (Units) Forecast by Type, 2019-2034

Table 41: East Asia Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 42: East Asia Market Volume (Units) Forecast by Application, 2019-2034

Table 43: Middle East and Africa Market Value (US$ Mn) Forecast by Country, 2019-2034

Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2019-2034

Table 45: Middle East and Africa Market Value (US$ Mn) Forecast by Type, 2019-2034

Table 46: Middle East and Africa Market Volume (Units) Forecast by Type, 2019-2034

Table 47: Middle East and Africa Market Value (US$ Mn) Forecast by Application, 2019-2034

Table 48: Middle East and Africa Market Volume (Units) Forecast by Application, 2019-2034

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List Of Figures

Figure 1: Global Market Value (US$ Mn) by Type, 2024-2034

Figure 2: Global Market Value (US$ Mn) by Application, 2024-2034

Figure 3: Global Market Value (US$ Mn) by Region, 2024-2034

Figure 4: Global Market Value (US$ Mn) Analysis by Region, 2019-2034

Figure 5: Global Market Volume (Units) Analysis by Region, 2019-2034

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024-2034

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024-2034

Figure 8: Global Market Value (US$ Mn) Analysis by Type, 2019-2034

Figure 9: Global Market Volume (Units) Analysis by Type, 2019-2034

Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 12: Global Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 13: Global Market Volume (Units) Analysis by Application, 2019-2034

Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 16: Global Market Attractiveness by Type, 2024-2034

Figure 17: Global Market Attractiveness by Application, 2024-2034

Figure 18: Global Market Attractiveness by Region, 2024-2034

Figure 19: North America Market Value (US$ Mn) by Type, 2024-2034

Figure 20: North America Market Value (US$ Mn) by Application, 2024-2034

Figure 21: North America Market Value (US$ Mn) by Country, 2024-2034

Figure 22: North America Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 23: North America Market Volume (Units) Analysis by Country, 2019-2034

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 26: North America Market Value (US$ Mn) Analysis by Type, 2019-2034

Figure 27: North America Market Volume (Units) Analysis by Type, 2019-2034

Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 30: North America Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 31: North America Market Volume (Units) Analysis by Application, 2019-2034

Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 34: North America Market Attractiveness by Type, 2024-2034

Figure 35: North America Market Attractiveness by Application, 2024-2034

Figure 36: North America Market Attractiveness by Country, 2024-2034

Figure 37: Latin America Market Value (US$ Mn) by Type, 2024-2034

Figure 38: Latin America Market Value (US$ Mn) by Application, 2024-2034

Figure 39: Latin America Market Value (US$ Mn) by Country, 2024-2034

Figure 40: Latin America Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 41: Latin America Market Volume (Units) Analysis by Country, 2019-2034

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 44: Latin America Market Value (US$ Mn) Analysis by Type, 2019-2034

Figure 45: Latin America Market Volume (Units) Analysis by Type, 2019-2034

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 48: Latin America Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 49: Latin America Market Volume (Units) Analysis by Application, 2019-2034

Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 52: Latin America Market Attractiveness by Type, 2024-2034

Figure 53: Latin America Market Attractiveness by Application, 2024-2034

Figure 54: Latin America Market Attractiveness by Country, 2024-2034

Figure 55: Western Europe Market Value (US$ Mn) by Type, 2024-2034

Figure 56: Western Europe Market Value (US$ Mn) by Application, 2024-2034

Figure 57: Western Europe Market Value (US$ Mn) by Country, 2024-2034

Figure 58: Western Europe Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2019-2034

Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 62: Western Europe Market Value (US$ Mn) Analysis by Type, 2019-2034

Figure 63: Western Europe Market Volume (Units) Analysis by Type, 2019-2034

Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 66: Western Europe Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 67: Western Europe Market Volume (Units) Analysis by Application, 2019-2034

Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 70: Western Europe Market Attractiveness by Type, 2024-2034

Figure 71: Western Europe Market Attractiveness by Application, 2024-2034

Figure 72: Western Europe Market Attractiveness by Country, 2024-2034

Figure 73: Eastern Europe Market Value (US$ Mn) by Type, 2024-2034

Figure 74: Eastern Europe Market Value (US$ Mn) by Application, 2024-2034

Figure 75: Eastern Europe Market Value (US$ Mn) by Country, 2024-2034

Figure 76: Eastern Europe Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2019-2034

Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 80: Eastern Europe Market Value (US$ Mn) Analysis by Type, 2019-2034

Figure 81: Eastern Europe Market Volume (Units) Analysis by Type, 2019-2034

Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 84: Eastern Europe Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 85: Eastern Europe Market Volume (Units) Analysis by Application, 2019-2034

Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 88: Eastern Europe Market Attractiveness by Type, 2024-2034

Figure 89: Eastern Europe Market Attractiveness by Application, 2024-2034

Figure 90: Eastern Europe Market Attractiveness by Country, 2024-2034

Figure 91: South Asia and Pacific Market Value (US$ Mn) by Type, 2024-2034

Figure 92: South Asia and Pacific Market Value (US$ Mn) by Application, 2024-2034

Figure 93: South Asia and Pacific Market Value (US$ Mn) by Country, 2024-2034

Figure 94: South Asia and Pacific Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019-2034

Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 98: South Asia and Pacific Market Value (US$ Mn) Analysis by Type, 2019-2034

Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Type, 2019-2034

Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 102: South Asia and Pacific Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Application, 2019-2034

Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 106: South Asia and Pacific Market Attractiveness by Type, 2024-2034

Figure 107: South Asia and Pacific Market Attractiveness by Application, 2024-2034

Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024-2034

Figure 109: East Asia Market Value (US$ Mn) by Type, 2024-2034

Figure 110: East Asia Market Value (US$ Mn) by Application, 2024-2034

Figure 111: East Asia Market Value (US$ Mn) by Country, 2024-2034

Figure 112: East Asia Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 113: East Asia Market Volume (Units) Analysis by Country, 2019-2034

Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 116: East Asia Market Value (US$ Mn) Analysis by Type, 2019-2034

Figure 117: East Asia Market Volume (Units) Analysis by Type, 2019-2034

Figure 118: East Asia Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 120: East Asia Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 121: East Asia Market Volume (Units) Analysis by Application, 2019-2034

Figure 122: East Asia Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 124: East Asia Market Attractiveness by Type, 2024-2034

Figure 125: East Asia Market Attractiveness by Application, 2024-2034

Figure 126: East Asia Market Attractiveness by Country, 2024-2034

Figure 127: Middle East and Africa Market Value (US$ Mn) by Type, 2024-2034

Figure 128: Middle East and Africa Market Value (US$ Mn) by Application, 2024-2034

Figure 129: Middle East and Africa Market Value (US$ Mn) by Country, 2024-2034

Figure 130: Middle East and Africa Market Value (US$ Mn) Analysis by Country, 2019-2034

Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2019-2034

Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024-2034

Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024-2034

Figure 134: Middle East and Africa Market Value (US$ Mn) Analysis by Type, 2019-2034

Figure 135: Middle East and Africa Market Volume (Units) Analysis by Type, 2019-2034

Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2024-2034

Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2024-2034

Figure 138: Middle East and Africa Market Value (US$ Mn) Analysis by Application, 2019-2034

Figure 139: Middle East and Africa Market Volume (Units) Analysis by Application, 2019-2034

Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024-2034

Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024-2034

Figure 142: Middle East and Africa Market Attractiveness by Type, 2024-2034

Figure 143: Middle East and Africa Market Attractiveness by Application, 2024-2034

Figure 144: Middle East and Africa Market Attractiveness by Country, 2024-2034

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

What was the Value of the Torque Sensor Market in 2019?

The global torque sensor market was worth US$ 5,300.2 million in 2019.

What is the Sales Outlook for Torque Sensors in 2024?

The sales for torque sensors are likely to be valued at US$ 8,601.2 million in 2024.

What is the Demand Forecast for Torque Sensors by 2034?

The torque sensor market is projected to reach a value of US$ 15,156.3 million by 2034.

What is the Growth Projection for the Torque Sensor Market?

The market for torque sensors is projected to rise at a CAGR of 5.8% through 2034.

At What Rate is the Market in East Asia Predicted to Grow?

The East Asia market for torque sensors is forecasted to expand at a CAGR of 6.6% through 2034.

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