Torque Sensor Market size Partake Significant Development during COVID-19 2028

Report Description

A recent market intelligence report that is published by Data Insights Partner on the global Torque Sensor Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Torque Sensor Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Torque Sensor Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Torque Sensor Market is offered. In accordance with the report, the global Torque Sensor Market is projected to expand with healthy CAGR over the period of forecast.

As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast methodology. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and December 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast period.

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Market Insight, Drivers, Restraints & Opportunity of the Market:

Global torque sensor market is estimated to witness noteworthy growth during the forecast period due to emergence of new applications for torque sensors. Growing emphasis on performance optimization and quality control across various industries is encouraging adoption of torque sensors for various applications. The automotive application segment is expected to retain its dominance in the global torque sensor market through the forecast period. However, growing adoption of torque sensors for various other applications such as medical, industrial, and aerospace & defense is expected to boost overall growth of torque sensor market in the near future. Manufacturers are focusing on integration of new torque sensing technologies such as development of non-contact and wireless sensors based on surface acoustic wave (SAW), magnetoelastic, and optical torque sensing technologies. Advancements in sensing technology along with reduction in prices, have increased the applications of torque sensors.

Strict government regulations related to machine safety in developed countries such as the U.S., U.K., Canada, Germany, and France is significantly increasing adoption of advanced systems such as torque sensors across various industries. If the force generated along with torque is reduced, safety of machines and operations can be significantly enhanced.

Technological advancement in torque sensors have resulted into improvement in performance, accuracy, and reliability, while ensuring enhanced safety.

Torque sensors are used in wide range of applications, from basic automotive to highly advanced robotics and medical prosthetic. The requirements of each application varies significantly. This creates technological challenges for torque sensor manufacturers in accommodating torque sensors as per design of machinery, equipment or device. These technological challenges hinder market growth to a major extent.

Segment Covered:

This market intelligence report on the global Torque Sensor Market encompasses market segments based on type, technology, application and country.

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Based on Type the global Torque Sensor Market is classified into:

  • Rotary Torque Sensor
  • Reaction Torque Sensor

Based on Technology the global Torque Sensor Market is classified into:

  • SAW
  • Optical
  • Strain Gauge
  • Magnetoelastic

Based on Application the global Torque Sensor Market is classified into:

  • Aerospace & Defense
  • Industrial
  • Automotive
  • Test and Measurement
  • Others (Agriculture, Mining, and Medical)

By country/region, the global Torque Sensor Market has been divided into:

  • North America (the U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina and other countries)
  • Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries)
  • Asia Pacific (India, Japan, China, Australia and New Zealand and other countries)
  • Middle East and Africa (GCC, South Africa, Israel and Other countries)

Profiling of Market Players:

This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:

  • ABB
  • Crane Electronics
  • Futek Advanced Sensor Technology
  • HBM
  • Applied Measurements
  • Honeywell International
  • Kistler Holding
  • Sensor Technology
  • Norbar Torque Tools
  • Infineon Technologies
  • Teledyne Technologies
  • Datum Electronics
  • Magcanica
  • Interface
  • Aimco
  • TE Connectivity
  • Mountz
  • PCB Piezotronics
  • S.Himmelstein and Company
  • Transense Technologies

Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Torque Sensor Market related investment & spending and developments by major players of the market are tracked in this global report.

Report Highlights:

In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter's five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.

Salient Features:

Ø This study offers comprehensive yet detailed analysis of the Torque Sensor Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year

Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market

Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook

Ø Profiling of key market players in the world Torque Sensor Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview

Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation

Ø The world market for Torque Sensor caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Torque Sensor Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants

Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports

Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation

Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion

Reasons to buy:

v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Torque Sensor Market

v Identification of key factors driving investment opportunities in the Torque Sensor Market

v Facilitate decision-making based on strong historic and forecast data

v Position yourself to gain the maximum advantage of the industry’s growth potential

v Develop strategies based on the latest regulatory events

v Identify key partners and business development avenues

v Respond to your competitors’ business structure, strategy and prospects

v Identify key strengths and weaknesses of important market participants

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