Torque Sensors

Torque Sensors

Global Torque Sensors Market to Reach US$12.2 Billion by 2030

The global market for Torque Sensors estimated at US$8.4 Billion in the year 2023, is expected to reach US$12.2 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2023-2030. Rotary Torque Sensors, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$7.5 Billion by the end of the analysis period. Growth in the Reaction Torque Sensors segment is estimated at 5.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.6 Billion While China is Forecast to Grow at 7.6% CAGR

The Torque Sensors market in the U.S. is estimated at US$2.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.1% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Global Torque Sensors Market - Key Trends & Drivers Summarized

Torque sensors are critical components used to measure and monitor the rotational force, or torque, applied to an object, typically in machinery and mechanical systems. These sensors come in various types, including rotary, reaction, and static torque sensors, each suited for specific applications. Rotary torque sensors, often used in dynamic systems like automotive engines and drive systems, measure torque while the component is in motion. Reaction torque sensors, on the other hand, are used in stationary applications where the torque is applied but not rotating, such as in test benches and motor testing. Static torque sensors are employed in situations where torque is applied without relative motion between the sensor and the component. The accurate measurement of torque is essential in many industries, including automotive, aerospace, manufacturing, and robotics, as it ensures the optimal performance, safety, and efficiency of mechanical systems.

The growth in the torque sensors market is driven by several factors. The increasing adoption of advanced automation and robotics in manufacturing processes is a primary driver, as these systems rely heavily on precise torque measurement for efficient operation and quality control. The automotive industry`s shift towards electric and hybrid vehicles has also boosted demand for torque sensors, as these vehicles require accurate torque monitoring for battery management, drivetrain optimization, and regenerative braking systems. Additionally, the growing emphasis on energy efficiency and renewable energy sources has led to the deployment of torque sensors in wind turbines and other green technologies, where they help maximize performance and reliability. Technological advancements, such as the development of smart sensors with enhanced connectivity and data processing capabilities, have further fueled market expansion by enabling more sophisticated applications and improving ease of use. These factors collectively highlight the dynamic growth trajectory of the torque sensors market, reflecting its critical role in advancing industrial automation and sustainable technologies.

Technological advancements have significantly enhanced the performance and application scope of torque sensors. The integration of wireless technology has enabled the development of non-contact torque sensors, which eliminate the issues related to wear and tear in traditional wired sensors, thereby improving reliability and lifespan. Advances in materials science have led to the creation of more durable and sensitive sensor elements, capable of withstanding harsh environments and providing more precise measurements. Additionally, the incorporation of digital signal processing and microelectromechanical systems (MEMS) technology has resulted in compact, lightweight, and highly accurate torque sensors that are easier to integrate into complex systems. These innovations have expanded the use of torque sensors in emerging fields such as electric and hybrid vehicles, wind turbines, and smart manufacturing, where real-time torque monitoring is critical for performance optimization and predictive maintenance.

Select Competitors (Total 127 Featured) -

• ABB Ltd.
• AIMCO
• Applied Measurements Ltd.
• ATI Industrial Automation, Inc.
• Burster GmbH & Co. KG
• Crane Electronics Ltd.
• Datum Electronics Limited
• FUTEK Advanced Sensor Technology, Inc.
• Honeywell International Inc.
• Hottinger Brüel & Kjaer GmbH
• Infineon Technologies AG
• Interface, Inc.
• Kistler Group
• Lorenz Messtechnik GmbH
• MagCanica, Inc.
• MinebeaMitsumi Inc.
• Mountz, Inc.
• Norbar Torque Tools Limited
• PCB Piezotronics, Inc.
• S. Himmelstein and Company
• SCAIME SAS

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