Global Torque Sensors Market, 2015 to 2021
Persistence Market Research
Global Torque Sensor Market is Expected to
be Valued at US$ 1,889.9 Mn by 2021:
Persistence Market Research
Persistence Market Research
1
Global Torque Sensors Market, 2015 to 2021
Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research “Global Market Study on Torque Sensor:
Rotary Torque Sensor Expected To Be the Most Valuable Product Type Segment
throughout the Forecast Period”, the global torque sensor market is estimated to be
valued at US$ 1,105.9 Mn by the end of 2015, and is anticipated to expand at a CAGR of
9.3% from 2015 to 2021 to reach US$ 1,889.9 Mn by 2021.
The torque sensor is a device used for measuring the torque of rotating systems such as
electric motors, engine, gearbox, draft shaft, etc. Torque measurement and monitoring are
an important parameter in all machines and engines.
The global torque sensor market is expected to witness a significant growth during the
forecast period (2015-2021). Various factors, such as emerging applications of torque
sensors, rising demand for precise torque measurement technology, and high demand from
the automotive application segment, are driving the growth of the global torque sensor
market currently. Furthermore, trends that follow with the growth of torque sensor market
include: development of non-contact & wireless sensors, growing adoption of quality
standard specifications (such as ISO 9000), and imposition of strict government regulations
related to machine safety in developed countries.
Request Sample Report: http://www.persistencemarketresearch.com/samples/5069
The global torque sensor market is segmented on the basis of product type, mechanical
configuration, application, and region. On the basis of product type, the global torque sensor
market is segmented into different types of torque sensor products. The rotary torque sensor
segment is expected to remain dominant throughout the forecast period, with high revenue
contribution. By the end of 2015, the rotary torque sensor segment is expected to hold more
than 53% share of the global torque sensor market. However, by 2021, the segment is
expected to lose its market share to other product types segments.
In terms of mechanical configuration, the flange style segment is expected to expand at the
highest CAGR over the forecast period. However, in 2014, revenue generated by the flange
segment was low as compared to the other segments.
Persistence Market Research
2
Global Torque Sensors Market, 2015 to 2021
On the basis of application, the automotive & transportation application segment held the
largest share of the global torque sensor market in 2014, and it is expected to remain
dominant throughout the forecast period. Factors which are driving the growth of the global
torque sensor market in the automotive & transportation application segment include
increasing adoption of torque sensors in various automotive systems, the introduction of
new types of torque sensors by key players, and increasing demand for electric-powered
steering systems in vehicles.
The report provides in-depth information about various factors and trends affecting each
market segment and provides analysis and insights about the potential of the torque sensor
market in specific regions. On the basis of region, the global torque sensor market is
segmented into five regions. Among these, APAC is expected to dominate the market,
accounting for 31.9% value share of the market by the end of 2015, and it is expected to
remain dominant till 2021. However, the Middle East & Africa market is anticipated to
expand at the highest CAGR during the forecast period.
View Detail Report With TOC: http://www.persistencemarketresearch.com/marketresearch/torque-sensors-market.asp
Key market players in the global torque sensor market include ABB Ltd., ATI Industrial
Automation, Inc., FUTEK Advanced Sensor Technology, Inc., Interface Inc., Honeywell
International Inc., Crane Electronics Ltd., Kistler Holding AG, HBM GmBH, Sensor Technology
Ltd., and Datum Electronics Limited. Key market players are focusing on product innovations
and launch of new products to cater to the emerging needs of the customers. For example,
in June 2013, ATI Industrial Automation, Inc. launched Wireless F/T, for up to six ATI multiaxis force/torque transducers, which can be powered by internal battery as well as an
external power source. In April 2015, Crane Electronics Ltd. launched RFm, which enables
reading of torque and angle values in real time and converts them into digital values.
More Info: http://www.persistencemarketresearch.com/toc/5069
The global torque sensor market is segmented as follows:
Persistence Market Research
3
Global Torque Sensors Market, 2015 to 2021
By Product type:

Rotary Torque Sensor

Reaction/Static Torque Sensor

Optical Torque Sensor

Surface Acoustic Wave (SAW) Torque Sensor

Other – Magnetoelastic Torque Sensor
By Mechanical Configuration:

Shaft Style

Flange Style

By Application:

Automotive & Transportation

Aerospace & Defense

Medical & Healthcare

Other – Oil & Gas
By Region:

North America

APAC

Europe

The Middle East and Africa (MEA)

Latin America
Market History:
Persistence Market Research
4
Global Torque Sensors Market, 2015 to 2021
Torque sensor is a device used for measuring the torque of the rotating systems, such as
electric motors, engine, gearbox, craft shifts, etc. Torque measurement and monitoring is an
important parameter in all machines and engines.
The global torque sensor market is expected to witness significant growth over the forecast
period, due to emerging applications of the torque sensor, increasing demand for precise
torque measurement technology, and high demand from the automotive application
segment. On the other hand, technological challenges due to diversity in applications of
torque sensors are expected to be the major restraining factor for the growth of the global
torque sensor market during the forecast period.
In 2014, the rotary torque sensor segment dominated the global market, and it is estimated
to account for more than 53% share of global torque sensor market by 2015 end. This
segment is expected to remain dominant throughout the forecast period. However, by 2021,
the segment is expected to lose its market share to other product type segments due to a
development of new torque sensing technologies. By the end of 2021, the rotary torque
sensor segment is expected to lose 410 BPS to other product type segments.
Rotary torque sensors are used widely in automotive applications. Some of the important
applications of rotary torque sensors in the automotive industry include: for automotive
engine testing, electric motor testing, efficiency testing, etc. Additionally, the rotary torque
sensor segment is also witnessing a trend of a launch of advanced product offerings by key
market players in order to cater to the emerging needs of customers.
On the basis of regions, the global torque sensor market is segmented into North America,
Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). By 2015 end,
revenue generated by the rotary torque sensor segment is estimated to be the highest
among all the regions. The rotary torque sensor segment in the MEA region is expected to
expand at the highest CAGR from 2015 to 2021.
The global torque sensor market report also includes the company profile and competitive
landscape of the key market players. It covers strategies adopted by key players, their
Persistence Market Research
5
Global Torque Sensors Market, 2015 to 2021
recent developments and brief product description. This information will be useful for clients
to compare the market players on different parameters.
About Us:
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated
research, custom research, and consulting services. PMR boasts market research expertise across the
Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages,
Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The
company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data
that precisely corresponds to clients’ business needs.
Contact Us:
Addie Thomes
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: [email protected]
Web: http://www.persistencemarketresearch.com
Persistence Market Research
6