Torque Sensor Market size was valued at USD 6.61billion in 2021 and is expected to reach USD 9.79 billion by 2028, and grow at a CAGR of 5.8 % over the forecast period 2022-2028.
Torque Sensor Market Overview
The research includes a global and regional forecast as well as an analysis of the Torque Sensor market. The study includes both historical data and a revenue forecast. The study investigates the market's drivers and restraints, as well as their impact on demand over the forecast period. Furthermore, the paper investigates global market opportunities. This study includes a competitive landscape and an analysis of Porter's Five Forces model for the market to provide consumers with a comprehensive view of the market.
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Major Market Players
Hottinger Baldwin, Messtechnik, Infineon Technologies, FUTEK Advanced Sensor Technology (US), Honeywell International, Applied Measurements (UK), Sensor Technology, Sensor Technology , Crane Electronics (UK), Norbar Torque Tools, Kistler Holding (Switzerland), ABB (Switzerland)
A Torque Sensor market attractiveness analysis is included in the research, in which all segments are compared to one another in terms of market size, growth rate, and overall attractiveness. The study examines market trends such as organic and inorganic growth strategies. A number of companies are prioritizing product launches, product approvals, and other organic growth tactics such as patents and events. In the market, acquisitions, partnerships, and collaborations were viewed as inorganic growth tactics. These efforts have paved the way for market participants to grow their businesses and client base
Market Segmentation
The study provides a clear picture of the Torque Sensor market by segmenting it by type, application, and region. After analyzing all segments based on current and future trends, the market has been assessed for the forecast period. The regional segmentation includes historical and future demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Torque Sensor Market Segmentation
BY TYPE
Rotary Torque Sensors
Reaction Torque Sensors
BY TECHNOLOGY
Surface Acoustic Wave (SAW)
Optical
Magnetoelastic
BY APPLICATION
Automotive
Test & Measurement
Industrial
Aerospace & Defense
Others
Torque Sensor Market Segmentation, By Region
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Competitive Outlook
A company market share analysis is included in the study to provide a more complete picture of the major industry players. The study also covers significant market strategic developments such as acquisitions and mergers, new technology launches, agreements, partnerships, collaborations, and joint ventures, research and development, and geographic expansion of major market participants on a global and regional scale. A price trend analysis and a product portfolio analysis of various companies by area are also included in the Torque Sensor market report.
Key Highlights of Market Research Report
Table of Content
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Market Dynamics
Chapter 4. Impact Analysis
Chapter 5. Value Chain Analysis
Chapter 7. Porter’s 5 Forces Model
Chapter 8. PEST Analysis
Continued…
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Jan 19, 2023