Torque Sensor Market by Type, Application, Technology | COVID-19 Impact Analysis

1. Which torque sensor technology will contribute to the overall Torque Sensor Market growth by 2026? The most common torque sensor measurement principle utilizes bonded strain gauge technology, where the strain gauges are bonded to a suitably designed shaft. Improvements in modern strain gauge torque sensors are allowing for high precision measurements and compatibility with a wide range of instruments, strain gauge technology is expected to be the dominant technology for torque sensors. What will be the dynamics for the adoption of torque sensors based on type? Due to their maintenance-free operation and wide application areas, the market for noncontact-based torque sensors is expected to have a higher share. They can cover a wide range of torque forces and are hence suitable for general applications such as electric motor testing, pump torque testing, and gearbox testing. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1114 How will technological developments in new torque sensor technologies change the torque sensor landscape in the future? A lot of new technologies for torque measurement have evolved over the past few years, primary ones are the magnetoelastic, optical, and SAW technologies. Apart from being compact and lightweight, the sensors based on these technologies have excellent linearity, considerable resolution, and fair electromagnetic noise immunity. Which region is expected to adopt torque sensors at a fast rate? APAC is expected to adopt torque sensors market at the fastest rate. China is the largest vehicle manufacturer in the world. Japan and South Korea are also the major exporters of motor vehicles globally. Due to large-scale manufacturing and significant investments in new vehicle technologies, the automotive industry is expected to play a vital role in the growth of the torque sensor market in the region. What are the key market dynamics influencing market growth? How will they turn into strengths or weaknesses of companies operating in the market space? Growing importance of torque measurement in technological applications such as engine and transmission testing, turbine testing, pump testing, and power measurement andIncreasing application of torque sensors for electric power steering (EPS) systems and advanced high-performance vehicles are expected to be the key market drivers influencing growth. . About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model –GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500

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