Torque Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Torque Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Torque sensors are devices used to measure the torque of rotating systems, such as electric motors, engines, gearboxes, and craft shifts. Torque measurement and monitoring are crucial for the efficient operation of machines and engines. The global torque sensor market is poised for significant growth due to emerging applications, increasing demand for precise torque measurement technology, and high demand from the automotive sector.

However, the diversity in torque sensor applications presents technological challenges, acting as a major constraint on market expansion.

Torque Sensors Market Trends

High Demand for Rotary Torque Sensors: Rotary torque sensors are extensively utilized in automotive applications, including engine testing, electric motor testing, and efficiency testing. The automotive industry heavily relies on these sensors, and key market players are launching advanced products to meet evolving customer needs.

Rising Need for Accurate Torque Measurement Technology: The global market is set to grow as new applications for torque sensors emerge. There is a growing emphasis on performance optimization and quality control across various industries, which drives the adoption of torque sensors. New applications in robotics and medical prosthetics are expected to significantly boost market growth in the coming years.

Development of Non-contact & Wireless Sensors: Manufacturers are integrating new torque sensing technologies, such as non-contact and wireless sensors, based on surface acoustic wave (SAW), magnetoelastic, and optical torque sensing technologies. Advancements in these technologies, along with cost reductions, have broadened the application of torque sensors, supporting market growth.

Strict Government Regulations Related to Machine Safety in Developed Countries: In developed countries like the U.S., U.K., Canada, Germany, and France, strict government regulations regarding machine safety are driving the adoption of advanced systems such as torque sensors. These regulations emphasize enhancing the safety of machines and operations, which is facilitated by technological advancements in torque sensors, improving their performance, accuracy, and reliability.

Regional Outlook of Torque Sensors Market

East Asia holds a significant share of the global torque sensors market and is expected to maintain its dominance throughout the forecast period. North America holds the second-largest share and is projected to expand at the highest growth rate. Europe and the South Asia and Pacific regions also exhibit decent sales of torque sensors.

COVID-19 Impact on Torque Sensors Market

The pandemic has led to lagging adoption in the manufacturing industry, which is likely to suppress market growth. Nationwide lockdowns forced manufacturing industries to operate with minimal workforce attendance, lowering production efficiency and procurement budgets. These factors are anticipated to hamper the growth of the torque sensors market in the near term.

Analysts’ Viewpoint

The global torque sensors market is expected to witness steady growth. Stakeholders can focus on Asia and North America to boost their sales and profits. Rotary torque sensors are anticipated to experience the highest demand, providing manufacturers with opportunities for capitalization.

Torque Sensors Market: Segmentation

Fairfield Market Research’s study on the global torque sensors market offers detailed market segmentation, with key segments discussed in depth. The segmentation includes product, mechanical configuration, application, and region. Each segment has been thoroughly analyzed, and growth data for each segment is included.

By Product:
• Rotary Torque Sensors
• Reaction Torque Sensors
• SAW Torque Sensors
• Optical Torque Sensors
• Others

By Mechanical Configuration:
• Shaft Style
• Flange Style

By Application:
• Automotive & Transportation
• Aerospace & Defense
• Medical & Healthcare
• Others

By Region:
• North America
• Latin America
• Europe
• APAC
• MEA

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