Torque Sensor Market 2022-27, Size, Share, Trends and Forecast

NEW YORK - June 21, 2022 - PRLog -- The global torque sensor market size reached US$ 7.43 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.66 Billion by 2027, exhibiting at a CAGR of 9.59% during 2022-2027.

A torque sensor is an electronic device that records and measures the torque of a rotating system through mechanical processes. It ensures the high quality and performance optimization of machines such as engines, gearboxes, electric motors, and crankshafts of the rotating system. It is also essential in technological applications, such as engine and transmission testing, turbine testing, pump testing, and power measurement, within propulsion systems. A torque sensor enhances the efficiency of machines, engines, and embedded systems. As a result, it finds applications across automotive, aerospace, defense, agriculture, mining, and healthcare industries.

Competitive landscape

The competitive landscape of the market has been examined, with some of the key players being Applied Measurements Limited, Crane Electronics Inc., Datum Electronics Limited (Indutrade AB), FUTEK Advanced Sensor Technology Inc., Hitachi Limited, Honeywell International Inc., Hottinger Baldwin Messtechnik GmbH (Spectris plc), Infineon Technologies AG, Kistler Holding AG, Norbar Torque Tools Limited (Snap-on Incorporated), and PCB Piezotronics Inc. (MTS Systems Corporation).

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/torque-sensor-market/requestsample

Global Torque Sensor Market Trends:

The market is primarily driven by the increasing demand for high-performance hybrid vehicles, owing to the rising awareness regarding carbon emissions. In addition to this, the advent of Industry 4.0 has resulted in the growing emphasis on performance optimization and quality control across various industries, thereby increasing the adoption of torque sensors in new applications. Nowadays, torque sensors are also utilized in the fields of robotics and medical prosthetics. As a result, key manufacturers are developing non-contact and wireless sensors, which can be merged with surface acoustic wave (SAW) detection systems

Browse full report: https://www.imarcgroup.com/torque-sensor-market

Browse related reports:

Power Cables Market: https://www.imarcgroup.com/power-cables-market

Smoke Detector Market: https://www.imarcgroup.com/smoke-detector-market

Camera Stabilizer Market: https://www.imarcgroup.com/camera-stabilizer-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Contact Us

30 N Gould St

Ste R

Sheridan, WY 82801

USA

Email: sales@imarcgroup.com

Email: sales@imarcgroup.com

Website: https://www.imarcgroup.com

Follow us on twitter: @imarcglobal