The global torque sensor market size was valued at $8.39 billion in 2018 and is estimated to reach $16.82 billion by 2026, growing at CAGR of 7.7% from 2019 to 2026. A torque sensor is a device that measures and records the torque on a rotating system, such as an engine, crankshaft, gearbox, and others. There are two types of torque sensor namely, dynamic torque sensor and static torque sensor. Static torque is relatively easy to measure. Dynamic torque, on the other hand, is not easy to measure, since it generally requires transfer of some effect from the shaft being measured to a static system.
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Some of the key players of Torque Sensor Market:
ABB Ltd., Honeywell International corporation, Infineon Technologies, Kistler Group, Sensor Technology, PCB Peozotronics, Crane Electronics, Datum Electronics, Futek Advanced Sensor Technology Inc., and HBM.
The Global Torque Sensor Market research report offers an in-depth analysis of the global market, providing relevant information for the new market entrants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.
Segmentation by type:
Dynamic Torque Sensor and Static Torque Sensor
Segmentation by application:
Automotive, Industrial, Aerospace & Defense, HealthCare, and Others
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Torque Sensor market based on product and application. It also provides market size and forecast till 2026 for overall Torque Sensor market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments.
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What the report features:-
- Global analysis of Torque Sensor Market from 2020 – 2026 illustrating the progression of the market.
- Forecast and analysis of Torque Sensor Market by Dosage, Route of Administration and Application from 2020 – 2026.
- Forecast and analysis of Torque Sensor Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Torque Sensor Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Torque Sensor Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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