{"product_id":"torque-sensor-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Torque Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eTorque Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global torque sensor market size reached US$ 8.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.2% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eA torque sensor, also known as a torque cell, is a device that measures, records and regulates the torque of rotating systems via mechanical processes. It is utilized in rotors, engines, gearboxes, craft shifts, crankshafts, electric motors, and other rotating devices to ensure optimal performance of the entire system. Moreover, as it is compact in size, accurate, stable, robust, suitable for harsh environments, and resistant to high-temperature, the torque sensor finds extensive application in mining, agriculture, defense, and healthcare industries worldwide. At present, it is commonly available in static or dynamic forces and can measure turning forces in clockwise or anti-clockwise directions.\u003c\/p\u003e\n\n\u003cp\u003eTorque Sensor Market Trends:\u003c\/p\u003e\n\n\u003cp\u003eThe increasing sales of hybrid and electric vehicles (EVs) on account of rapid urbanization and improving income levels of individuals represent one of the key factors positively influencing the use of torque sensors in the automotive industry. It can also be attributed to the inflating prices of petrol worldwide and a significant rise in the demand for fuel-efficient and high-performance automobiles. In addition, the rising environmental awareness among the masses and stringent regulations implemented by governments of numerous countries to minimize carbon emissions are contributing to the market growth. Moreover, torque sensors are employed in the aerospace industry to measure the load on the aircraft wheel and detect overload incidences. Apart from this, there is an increase in the adoption of these sensors in the field of medical prosthetics and artificial limbs for surgical procedures. This, in confluence with considerable growth in the healthcare industry, is offering a positive market outlook. Furthermore, the integration of wireless and digital features in torque sensors is anticipated to offer lucrative growth opportunities to industry players.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003c\/p\u003e\n\n\u003cp\u003eIMARC Group provides an analysis of the key trends in each sub-segment of the global torque sensor market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, technology and application.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Type:\u003c\/p\u003e\n\n\u003cp\u003eRotary Torque Sensor\u003cbr\u003e\nReaction Torque Sensor\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Technology:\u003c\/p\u003e\n\n\u003cp\u003eSurface Acoustic Wave (SAW)\u003cbr\u003e\nOptical\u003cbr\u003e\nStrain Gauge\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Application:\u003c\/p\u003e\n\n\u003cp\u003eAerospace and Defense\u003cbr\u003e\nAutomotive\u003cbr\u003e\nTesting and Measurement\u003cbr\u003e\nHealthcare\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003c\/p\u003e\n\n \u003cp\u003eUnited States\u003cbr\u003e\n Canada\u003c\/p\u003e\n\n\u003cp\u003eAsia Pacific\u003c\/p\u003e\n\n \u003cp\u003eChina\u003cbr\u003e\n Japan\u003cbr\u003e\n India\u003cbr\u003e\n South Korea\u003cbr\u003e\n Australia\u003cbr\u003e\n Indonesia\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eEurope\u003c\/p\u003e\n\n \u003cp\u003eGermany\u003cbr\u003e\n France\u003cbr\u003e\n United Kingdom\u003cbr\u003e\n Italy\u003cbr\u003e\n Spain\u003cbr\u003e\n Russia\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eLatin America\u003c\/p\u003e\n\n \u003cp\u003eBrazil\u003cbr\u003e\n Mexico\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eMiddle East and Africa\u003c\/p\u003e\n\n\u003cp\u003eThe Asia Pacific holds the majority of the global torque sensor market share.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape:\u003c\/p\u003e\n\n\u003cp\u003eThe competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Applied Measurements Limited, Crane Electronics Inc., Datum Electronics Limited (Indutrade AB), FUTEK Advanced Sensor Technology Inc., Hitachi Limited, Honeywell International Inc., Hottinger Baldwin Messtechnik GmbH (Spectris plc), Infineon Technologies AG, Kistler Holding AG, Norbar Torque Tools Limited (Snap-on Incorporated), and PCB Piezotronics Inc. (MTS Systems Corporation).\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003c\/p\u003e\n\n\u003cp\u003eHow has the global torque sensor market performed so far and how will it perform in the coming years?\u003cbr\u003e\nWhat are the key regional markets?\u003cbr\u003e\nWhat has been the impact of COVID-19 on the global torque sensor industry?\u003cbr\u003e\nWhat is the breakup of the market based on the type?\u003cbr\u003e\nWhat is the breakup of the market based on the technology?\u003cbr\u003e\nWhat is the breakup of the market based on the application?\u003cbr\u003e\nWhat are the various stages in the value chain of the industry?\u003cbr\u003e\nWhat are the key driving factors and challenges in the industry?\u003cbr\u003e\nWhat is the structure of the global torque sensor market and who are the key players?\u003cbr\u003e\nWhat is the degree of competition in the industry?\u003c\/p\u003e","brand":"Technology \u0026 Media","offers":[{"title":"May, 2023 \/ 143 Pages \/ MCW16279979","offer_id":47710960746802,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/torque-sensor-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}