1 / 4

Torque Sensor Market To Attain USD 12.69 Billion | Market Report Covers Market Analysis, Size, Trends, Growth, Revenue –

Torque Sensor Market to Gain Prominence in Electronics Industry with Rising Demand, Growth Analysis, Share, Sales Revenue, Development Strategy, Future Prospects, Competitive Landscape and Regional Forecast 2023

chaitalimahajan
Download Presentation

Torque Sensor Market To Attain USD 12.69 Billion | Market Report Covers Market Analysis, Size, Trends, Growth, Revenue –

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Torque Sensor Market To Attain USD 12.69 Billion | Market Report Covers Market Analysis, Size, Trends, Growth, Revenue – Forecast to 2023 Torque Sensor Market to Gain Prominence in Electronics Industry with Rising Demand, Growth Analysis, Share, Sales Revenue, Development Strategy, Future Prospects, Competitive Landscape and Regional Forecast 2023 Market Research Future (MRFR), in its recently published research report, asserts that the global torque sensor market is likely to secure a substantial market valuation from USD 8.25 billion in 2017 to reach USD 12.69 billion by 2023 at healthy 7.82% CAGR in the review period. Drivers and Restraints The torque sensor industry developments are the increasing awareness of the value of torque calculation in different fields, such as hybrid and electric car engines and medical prosthetics, which have used torque sensors in their operations. The global torque sensor market for torque sensors is primed to gain from several potential applications, which are projected to be the vital force behind their production. The industry will get a further boost with the advent of wireless and non-contact torque sensors such as surface acoustic waves (SAW), optical torque sensors, and magnetoelastic. In fact, demand for specific torque power solutions is increasing dramatically, enhancing the significant growth forecasts for torque sensors. On the contrary, less robust torque sensors for high-end applications could impede market development.

  2. Segmental Analysis Based on the type, the torque sensors market is bifurcated into the rotary torque sensor and reaction torque sensor. The rotary torque sensor is further segmented into contact-based sensing and noncontact-based sensing. On the basis of the technology, the torque sensors market is segmented into surface acoustic wave (SAW), magnetoelastic, optical, and strain gauge. Based on the application, the torque sensors market is segmented into automotive, industrial, test & measurement, aerospace & defense, and others. The automotive sector is the dominant application segment to the market growth driven by the penetration of electric billion steerings (EPAS) systems in automobiles, and torque sensors are witnessing high demand over the review period. Get Free Sample Report @https://www.marketresearchfuture.com/sample_request/7052 Regional Analysis The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa.

  3. The Asia Pacific region holds a significant market share and is also expected to lead in the analysis period. Asia Pacific's developing economies, such as China and India, are the main contributors to the markets. The increase in the number of manufacturing enterprises in China, and the advancement of India's oil and gas and aerospace enterprises, has powered business growth. Growing industrial automation development adoption by companies throughout the world has, therefore, improved growth opportunities in this world. Competitive Analysis The major market players operating in the global torque sensors market as identified by MRFR are Applied Measurements (UK), Infineon Technologies (Germany), ABB (Switzerland), Honeywell International (US), Crane Electronics (UK), Kistler Holding (Switzerland), Sensor Technology (UK), Hottinger Baldwin Messtechnik (Germany), Norbar Torque Tools (UK), and FUTEK Advanced Sensor Technology (US). These players contribute a significant share in the growth of the Torque Sensor market. Apart from the top key players, there are other entrants that contribute to the market growth, including PCB Piezotronics Inc. (US), Datum Electronics Ltd. (UK), TE Connectivity (Switzerland) and HBM Test and Measurement (US), and others. If you have any requirements, let know and we will customize the report according to your need. FOR MORE DETAILS –https://www.marketresearchfuture.com/reports/torque-sensor- market-7052 TABLE OF CONTENTS: 1. MARKET INTRODUCTION 2. RESEARCH METHODOLOGY 3. MARKET DYNAMICS 4. EXECUTIVE SUMMARY 5. MARKET FACTOR ANALYSIS 6. TORQUE SENSORSS MARKET, BY SEGMENTS 7. COMPETITIVE ANALYSIS About Us: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

  4. Contact Us Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com Keywords: - Torque sensors, Torque sensors Market, Torque sensors Market Size, Torque sensors Market Share, Torque sensors Market Trends, Torque sensors Market Report, Torque sensors Market Analysis, Torque sensors Market Demand

More Related