Global Torque Sensor Market Size, Share & Trends Analysis Report By Type, By Application, By Technology (Strain Gauge, Magnetoelastic, Surface Acoustic Wave, and Others), By Regional Outlook and Forecast, 2024 - 2031

Global Torque Sensor Market Size, Share & Trends Analysis Report By Type, By Application, By Technology (Strain Gauge, Magnetoelastic, Surface Acoustic Wave, and Others), By Regional Outlook and Forecast, 2024 - 2031


The Global Torque Sensor Market size is expected to reach $21.8 billion by 2031, rising at a market growth of 7.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 10,353.0 thousand units experiencing a growth of 18.1% (2020-2023).

North American region’s strong emphasis on R&D has led to developing advanced torque sensing technologies and solutions, driving adoption and demand. Consequently, the North America region would acquire nearly 24.6% of the total market share by 2031. Also, the USA market would utilize 3,345.0 thousand units of these sensors by 2031. North America, particularly the United States, is a hub for technological innovation and research in various industries, including automotive, aerospace, manufacturing, and robotics.

These sensors accurately measure the torque generated by electric motors in vehicles. This precise measurement allows for optimal control of motor performance, ensuring efficient power delivery and maximizing the vehicle’s driving range. Moreover, precise torque control is essential for ensuring the safety of electric and hybrid vehicles. These sensors help prevent overloading of drivetrain components, monitor motor performance for abnormalities, and contribute to implementing advanced driver assistance systems (ADAS) for collision avoidance and vehicle stability. Hence, these factors will pose lucrative growth prospects for the market. Additionally, Continual sensor technology advancements lead to higher accuracy and sensitivity in these sensors. Enhanced accuracy ensures precise torque measurement, while increased sensitivity enables the detection of even subtle changes in torque levels. Furthermore, innovations in sensor technology enable the development of more compact and lightweight sensors without compromising performance. Hence, these aspects can drive the growth of the market.

However, these sensors demand precise installation and calibration procedures for accurate measurement and reliable performance. Achieving this precision often entails meticulous attention to detail, specialized equipment, and expert knowledge. Even minor errors in installation or calibration can lead to inaccurate measurements, compromising the integrity of the data obtained and potentially affecting critical processes or decisions. Moreover, successful installation and calibration of these sensors often require specialized knowledge and equipment that may not be readily available to all end-users. Hence, owing to these factors, the market will witness decreased demand in the coming years.

By Type Analysis

Based on type, the market is segmented into rotary torque sensors and reaction torque sensors. In 2023, the reaction torque sensors segment garnered 27% revenue share in the market. In terms of volume, the reaction torque sensors recorded 3,794.9 thousand units in 2023. As industries continue to prioritize precision engineering and performance optimization, the demand for accurate torque measurement solutions has surged. Reaction sensors are crucial in providing precise and reliable measurements of torque exerted on rotating shafts, enabling manufacturers to monitor, control, and optimize critical processes with greater accuracy and efficiency.

By Application Analysis

Based on application, the market is divided into automotive, test & measurement, aerospace & defense, industrial, and others. In 2023, the aerospace and defense segment witnessed a 11% revenue share in the market. Precision engineering is paramount in the aerospace and defense sector, with stringent safety standards and reliability requirements governing every aspect of aircraft and defense system design. These sensors play a critical role in ensuring the accurate measurement and control of torque in various applications, including aircraft engines, flight controls, weapon systems, and satellite deployments.

By Technology Analysis

On the basis of technology, the market is divided into strain gauge, magnetoelastic, surface acoustic wave, and others. In 2023, the magnetoelastic segment witnessed a 27% revenue share in the market. In terms of volume, the magnetoelastic segment acquired 2,623.5 thousand units in 2023. Magnetoelastic sensors utilize the magnetoelastic effect to measure torque by detecting changes in the magnetic properties of a ferromagnetic material subjected to mechanical strain. This technological advancement presents numerous benefits, such as exceptional precision, dependability, and longevity. It is highly suitable for rigorous torque measurements in the automotive, aerospace, manufacturing, and robotics sectors.

By Regional Analysis

By region, the torque sensor market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific segment acquired 46.7% revenue share in the market. Asia Pacific region, particularly countries such as China, Japan, South Korea, and India, has witnessed rapid industrialization and manufacturing expansion across various sectors including automotive, aerospace, electronics, and machinery. These sensors play a critical role in these industries for applications such as automotive testing, robotics, industrial automation, and quality control, driving demand for torque sensing solutions.

List of Key Companies Profiled
  • Honeywell International, Inc.
  • ABB Ltd.
  • Amphenol Corporation (PCB Piezotronics, Inc.)
  • Sensor Technology Ltd.
  • FUTEK Advanced Sensor Technology, Inc.
  • TE Connectivity Ltd.
  • ATI Industrial Automation, Inc. (Novanta, Inc.)
  • Spectris PLC (HBM)
  • Interface, Inc.
  • Datum Electronics Ltd. (Indutrade AB)
Global Torque Sensor Market Report Segmentation

By Type (Volume, Thousand Units, USD Billion, 2020-31)
  • Rotary Torque Sensors
  • Reaction Torque Sensors
By Application (Volume, Thousand Units, USD Billion, 2020-31)
  • Automotive
  • Aerospace & Defense
  • Test & Measurement
  • Industrial
  • Others
By Technology (Volume, Thousand Units, USD Billion, 2020-31)
  • Strain Gauge
  • Magnetoelastic
  • Surface Acoustic Wave
  • Others
By Geography (Volume, Thousand Units, USD Billion, 2020-31)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Taiwan
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Torque Sensor Market, by Type
1.4.2 Global Torque Sensor Market, by Application
1.4.3 Global Torque Sensor Market, by Technology
1.4.4 Global Torque Sensor Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Torque Sensor Market by Type
4.1 Global Rotary Torque Sensors Market by Region
4.2 Global Reaction Torque Sensors Market by Region
Chapter 5. Global Torque Sensor Market by Application
5.1 Global Automotive Market by Region
5.2 Global Aerospace & Defense Market by Region
5.3 Global Test & Measurement Market by Region
5.4 Global Industrial Market by Region
5.5 Global Others Market by Region
Chapter 6. Global Torque Sensor Market by Technology
6.1 Global Strain Gauge Market by Region
6.2 Global Magnetoelastic Market by Region
6.3 Global Surface Acoustic Wave Market by Region
6.4 Global Others Market by Region
Chapter 7. Global Torque Sensor Market by Region
7.1 North America Torque Sensor Market
7.1.1 North America Torque Sensor Market by Type
7.1.1.1 North America Rotary Torque Sensors Market by Country
7.1.1.2 North America Reaction Torque Sensors Market by Country
7.1.2 North America Torque Sensor Market by Application
7.1.2.1 North America Automotive Market by Country
7.1.2.2 North America Aerospace & Defense Market by Country
7.1.2.3 North America Test & Measurement Market by Country
7.1.2.4 North America Industrial Market by Country
7.1.2.5 North America Others Market by Country
7.1.3 North America Torque Sensor Market by Technology
7.1.3.1 North America Strain Gauge Market by Country
7.1.3.2 North America Magnetoelastic Market by Country
7.1.3.3 North America Surface Acoustic Wave Market by Country
7.1.3.4 North America Others Market by Country
7.1.4 North America Torque Sensor Market by Country
7.1.4.1 US Torque Sensor Market
7.1.4.1.1 US Torque Sensor Market by Type
7.1.4.1.2 US Torque Sensor Market by Application
7.1.4.1.3 US Torque Sensor Market by Technology
7.1.4.2 Canada Torque Sensor Market
7.1.4.2.1 Canada Torque Sensor Market by Type
7.1.4.2.2 Canada Torque Sensor Market by Application
7.1.4.2.3 Canada Torque Sensor Market by Technology
7.1.4.3 Mexico Torque Sensor Market
7.1.4.3.1 Mexico Torque Sensor Market by Type
7.1.4.3.2 Mexico Torque Sensor Market by Application
7.1.4.3.3 Mexico Torque Sensor Market by Technology
7.1.4.4 Rest of North America Torque Sensor Market
7.1.4.4.1 Rest of North America Torque Sensor Market by Type
7.1.4.4.2 Rest of North America Torque Sensor Market by Application
7.1.4.4.3 Rest of North America Torque Sensor Market by Technology
7.2 Europe Torque Sensor Market
7.2.1 Europe Torque Sensor Market by Type
7.2.1.1 Europe Rotary Torque Sensors Market by Country
7.2.1.2 Europe Reaction Torque Sensors Market by Country
7.2.2 Europe Torque Sensor Market by Application
7.2.2.1 Europe Automotive Market by Country
7.2.2.2 Europe Aerospace & Defense Market by Country
7.2.2.3 Europe Test & Measurement Market by Country
7.2.2.4 Europe Industrial Market by Country
7.2.2.5 Europe Others Market by Country
7.2.3 Europe Torque Sensor Market by Technology
7.2.3.1 Europe Strain Gauge Market by Country
7.2.3.2 Europe Magnetoelastic Market by Country
7.2.3.3 Europe Surface Acoustic Wave Market by Country
7.2.3.4 Europe Others Market by Country
7.2.4 Europe Torque Sensor Market by Country
7.2.4.1 Germany Torque Sensor Market
7.2.4.1.1 Germany Torque Sensor Market by Type
7.2.4.1.2 Germany Torque Sensor Market by Application
7.2.4.1.3 Germany Torque Sensor Market by Technology
7.2.4.2 UK Torque Sensor Market
7.2.4.2.1 UK Torque Sensor Market by Type
7.2.4.2.2 UK Torque Sensor Market by Application
7.2.4.2.3 UK Torque Sensor Market by Technology
7.2.4.3 France Torque Sensor Market
7.2.4.3.1 France Torque Sensor Market by Type
7.2.4.3.2 France Torque Sensor Market by Application
7.2.4.3.3 France Torque Sensor Market by Technology
7.2.4.4 Russia Torque Sensor Market
7.2.4.4.1 Russia Torque Sensor Market by Type
7.2.4.4.2 Russia Torque Sensor Market by Application
7.2.4.4.3 Russia Torque Sensor Market by Technology
7.2.4.5 Spain Torque Sensor Market
7.2.4.5.1 Spain Torque Sensor Market by Type
7.2.4.5.2 Spain Torque Sensor Market by Application
7.2.4.5.3 Spain Torque Sensor Market by Technology
7.2.4.6 Italy Torque Sensor Market
7.2.4.6.1 Italy Torque Sensor Market by Type
7.2.4.6.2 Italy Torque Sensor Market by Application
7.2.4.6.3 Italy Torque Sensor Market by Technology
7.2.4.7 Rest of Europe Torque Sensor Market
7.2.4.7.1 Rest of Europe Torque Sensor Market by Type
7.2.4.7.2 Rest of Europe Torque Sensor Market by Application
7.2.4.7.3 Rest of Europe Torque Sensor Market by Technology
7.3 Asia Pacific Torque Sensor Market
7.3.1 Asia Pacific Torque Sensor Market by Type
7.3.1.1 Asia Pacific Rotary Torque Sensors Market by Country
7.3.1.2 Asia Pacific Reaction Torque Sensors Market by Country
7.3.2 Asia Pacific Torque Sensor Market by Application
7.3.2.1 Asia Pacific Automotive Market by Country
7.3.2.2 Asia Pacific Aerospace & Defense Market by Country
7.3.2.3 Asia Pacific Test & Measurement Market by Country
7.3.2.4 Asia Pacific Industrial Market by Country
7.3.2.5 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Torque Sensor Market by Technology
7.3.3.1 Asia Pacific Strain Gauge Market by Country
7.3.3.2 Asia Pacific Magnetoelastic Market by Country
7.3.3.3 Asia Pacific Surface Acoustic Wave Market by Country
7.3.3.4 Asia Pacific Others Market by Country
7.3.4 Asia Pacific Torque Sensor Market by Country
7.3.4.1 China Torque Sensor Market
7.3.4.1.1 China Torque Sensor Market by Type
7.3.4.1.2 China Torque Sensor Market by Application
7.3.4.1.3 China Torque Sensor Market by Technology
7.3.4.2 Japan Torque Sensor Market
7.3.4.2.1 Japan Torque Sensor Market by Type
7.3.4.2.2 Japan Torque Sensor Market by Application
7.3.4.2.3 Japan Torque Sensor Market by Technology
7.3.4.3 India Torque Sensor Market
7.3.4.3.1 India Torque Sensor Market by Type
7.3.4.3.2 India Torque Sensor Market by Application
7.3.4.3.3 India Torque Sensor Market by Technology
7.3.4.4 South Korea Torque Sensor Market
7.3.4.4.1 South Korea Torque Sensor Market by Type
7.3.4.4.2 South Korea Torque Sensor Market by Application
7.3.4.4.3 South Korea Torque Sensor Market by Technology
7.3.4.5 Taiwan Torque Sensor Market
7.3.4.5.1 Taiwan Torque Sensor Market by Type
7.3.4.5.2 Taiwan Torque Sensor Market by Application
7.3.4.5.3 Taiwan Torque Sensor Market by Technology
7.3.4.6 Malaysia Torque Sensor Market
7.3.4.6.1 Malaysia Torque Sensor Market by Type
7.3.4.6.2 Malaysia Torque Sensor Market by Application
7.3.4.6.3 Malaysia Torque Sensor Market by Technology
7.3.4.7 Rest of Asia Pacific Torque Sensor Market
7.3.4.7.1 Rest of Asia Pacific Torque Sensor Market by Type
7.3.4.7.2 Rest of Asia Pacific Torque Sensor Market by Application
7.3.4.7.3 Rest of Asia Pacific Torque Sensor Market by Technology
7.4 LAMEA Torque Sensor Market
7.4.1 LAMEA Torque Sensor Market by Type
7.4.1.1 LAMEA Rotary Torque Sensors Market by Country
7.4.1.2 LAMEA Reaction Torque Sensors Market by Country
7.4.2 LAMEA Torque Sensor Market by Application
7.4.2.1 LAMEA Automotive Market by Country
7.4.2.2 LAMEA Aerospace & Defense Market by Country
7.4.2.3 LAMEA Test & Measurement Market by Country
7.4.2.4 LAMEA Industrial Market by Country
7.4.2.5 LAMEA Others Market by Country
7.4.3 LAMEA Torque Sensor Market by Technology
7.4.3.1 LAMEA Strain Gauge Market by Country
7.4.3.2 LAMEA Magnetoelastic Market by Country
7.4.3.3 LAMEA Surface Acoustic Wave Market by Country
7.4.3.4 LAMEA Others Market by Country
7.4.4 LAMEA Torque Sensor Market by Country
7.4.4.1 Brazil Torque Sensor Market
7.4.4.1.1 Brazil Torque Sensor Market by Type
7.4.4.1.2 Brazil Torque Sensor Market by Application
7.4.4.1.3 Brazil Torque Sensor Market by Technology
7.4.4.2 Argentina Torque Sensor Market
7.4.4.2.1 Argentina Torque Sensor Market by Type
7.4.4.2.2 Argentina Torque Sensor Market by Application
7.4.4.2.3 Argentina Torque Sensor Market by Technology
7.4.4.3 UAE Torque Sensor Market
7.4.4.3.1 UAE Torque Sensor Market by Type
7.4.4.3.2 UAE Torque Sensor Market by Application
7.4.4.3.3 UAE Torque Sensor Market by Technology
7.4.4.4 Saudi Arabia Torque Sensor Market
7.4.4.4.1 Saudi Arabia Torque Sensor Market by Type
7.4.4.4.2 Saudi Arabia Torque Sensor Market by Application
7.4.4.4.3 Saudi Arabia Torque Sensor Market by Technology
7.4.4.5 South Africa Torque Sensor Market
7.4.4.5.1 South Africa Torque Sensor Market by Type
7.4.4.5.2 South Africa Torque Sensor Market by Application
7.4.4.5.3 South Africa Torque Sensor Market by Technology
7.4.4.6 Nigeria Torque Sensor Market
7.4.4.6.1 Nigeria Torque Sensor Market by Type
7.4.4.6.2 Nigeria Torque Sensor Market by Application
7.4.4.6.3 Nigeria Torque Sensor Market by Technology
7.4.4.7 Rest of LAMEA Torque Sensor Market
7.4.4.7.1 Rest of LAMEA Torque Sensor Market by Type
7.4.4.7.2 Rest of LAMEA Torque Sensor Market by Application
7.4.4.7.3 Rest of LAMEA Torque Sensor Market by Technology
Chapter 8. Company Profiles
8.1 Datum Electronics Ltd. (Indutrade AB)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.2 Honeywell International, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 ABB Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Amphenol Corporation (PCB Piezotronics, Inc.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Sensor Technology Ltd.
8.5.1 Company Overview
8.6 FUTEK Advanced Sensor Technology, Inc.
8.6.1 Company Overview
8.7 TE Connectivity Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 ATI Industrial Automation, Inc. (Novanta, Inc.)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 Interface, Inc.
8.9.1 Company Overview
8.10. Spectris PLC (HBM)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
Chapter 9. Winning Imperatives for Torque Sensor Market

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings