BANGALORE, India, April 25,
2024 /PRNewswire/ -- Torque Sensors
Market is Segmented by Type (Reaction Torque Sensor, Rotary
Torque Sensor, Super Acoustic Wave (SAW) Torque Sensor, Optical
Torque Sensor), by Application (Automotive, Manufacturing,
Aerospace and Defense, Healthcare)
The Global Torque Sensors Market size is expected to reach
US$ 11810 million by 2029, growing at
a CAGR of 4.5% from 2023 to 2029.
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Major Factors Driving the Growth of Torque Sensors
Market
The market for torque sensors is expanding rapidly thanks to a
number of important considerations. Firstly, the need for torque
sensors to guarantee accurate control and monitoring of rotational
forces is being fueled by the growing use of automation across a
variety of industries, especially the automotive, aerospace, and
industrial sectors.
Second, the market is expanding due to strict government laws
requiring the usage of torque sensors for safety and quality
assurance. The need for torque sensors is also being driven by the
increased emphasis on predictive maintenance and real-time
machinery monitoring to maximize operational efficiency.
Furthermore, technical developments that facilitate remote
monitoring and data analytics, such as the incorporation of
wireless connection and Internet of Things (IoT) capabilities
into torque sensors, are driving additional market expansion. All
in all, these elements work together to fuel the rapid
expansion
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TRENDS INFLUENCING THE GROWTH OF TORQUE SENSORS
MARKET
The torque sensor market is primarily driven by the automobile
industry. Accurate torque measurement is becoming more and more
necessary in a variety of automotive applications, such as engine
testing, power steering systems, and electric
vehicle drivetrains, as a result of the ongoing advancements
in vehicle technology. In order to guarantee the best possible
performance, effectiveness, and safety in these systems, torque
sensors are essential. Accurate torque sensing is becoming
increasingly important as the automotive industry moves toward
electric and driverless vehicles, which is driving the market
ahead.
Torque sensors play a key role in improving production processes
in the field of industrial automation by facilitating accurate
control and monitoring of torque levels in machinery and equipment.
Torque sensor integration into automated production lines becomes
essential as companies aim for increased productivity, efficiency,
and quality assurance. By giving real-time data on torque
variation, these sensors enable prompt adjustments and preventative
maintenance, which lowers downtime and improves overall operating
efficiency. Torque sensors are widely used in the aerospace and
military industries for a variety of purposes, such as the
production, upkeep, and testing of aircraft. In order to monitor
the operation of propulsion systems and control surfaces, as well
as to ensure the structural integrity and safety of aircraft
components, torque sensors are essential.
Turbine sensor integration in robotics and healthcare
applications is a developing trend propelling market expansion.
Torque sensors are used in medical equipment used in the healthcare
sector, such as prosthetic limbs and robotic surgical systems, to
provide accurate control and feedback mechanisms. Similar to this,
torque sensors are essential to the efficiency and security of
robotic arms and manipulators in robotics, allowing for accurate
and delicate motions in a variety of applications. As a result of
the ability to provide more precise, dependable, and affordable
sensor solutions, ongoing developments in sensor technology support
the expansion of the torque sensors market. Micro-electromechanical
systems (MEMS) and fiber optic sensing techniques are examples of
innovations that have produced tiny, extremely sensitive torque
sensors that may be used in a variety of applications.
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TORQUE SENSORS MARKET SHARE ANALYSIS
One important location driving the torque sensor market ahead is
North America. The need for torque
sensors is fueled by the existence of major automakers and a
booming industrial sector. Additionally, the market is growing as
automation is being used more and more in a variety of industries,
such as aerospace and manufacturing. Furthermore, strict laws
governing safety requirements and vehicle emissions encourage the
use of cutting-edge torque sensing technology, which supports
market growth in this area.
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Key Companies:
- Kistler
- Honeywell International
- DATUM ELECTRONICS
- PCB Piezotronics
- FUTEK Advanced Sensor Technology
- DEPRAG SCHULZ
- Crane Electronics
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- Digital Rotary Torque Sensor market is projected to
reach US$ 2706.5 million in 2029,
increasing from US$ 1412 million in
2022, with a CAGR of 9.7% during the period of 2023 to 2029.
- Dynamic Bearingless Torque Sensor Market
- Shaft Torque Sensor Market
- Aerospace Industry Torque Sensor Market
- 6-Axis Force Torque Sensor Market
- Square-Drive Torque Sensor Market
- Torque Measuring Instruments Market
- Digital Telemetry (TMS) Torque Sensors Market
- Drive Shaft Non-Contact Torque Sensor Market
- In-Line Torque Transducers Market
- Static Torque Sensors market was valued at US$ 785 million in 2023 and is anticipated to
reach US$ 1168.8 million by 2030,
witnessing a CAGR of 6.5% during the forecast period 2024-2030.
- Dynamic Torque Sensors Market
- Digital Telemetry (TMS) Torque Sensors Market
- Slip Ring Torque Sensors Market
- Miniature Torque Sensors Market
- Reaction Torque Sensors Market
- Micro Torque Sensors Market
- Steering Torque Sensors Market
- Handheld Torque Sensors Market
- In-Line Dynamic Torque Sensors Market
- Automotive Steering Torque Sensors Market
- Analog Telemetry (WDC) Torque Transducers Market
- Bearingless Torque Sensor Market
- Industrial Robot Sensors market size is expected to
reach US$ 5126.1 million by 2029,
growing at a CAGR of 5.8% from 2023 to 2029.
- Optical Torque Sensors Market
- Force Torque Sensors Market
- Electric Power Steering Market
- Test and Measurement Sensors Market
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