The Asia Pacific Torque Sensor Market would witness market growth of 7.7% CAGR during the forecast period (2019-2025). A torque sensor or torque transducer is a tool used to calculate the torque of an engine or device that rotates. It transforms mechanical input into an electric output signal. Industry 4.0's development has considerably increased the use of various sensor types. Growing adoption of rotary torque sensors in industrial automation along with the increasing demand from the robotic sector for torque sensors is driving the Torque Sensor market.
Due to the rising environmental concerns, the change from hydraulic power steering systems to electric steering systems further boosts demand for torque sensors. The extended adoption of torque sensors in diverse end-user industries supports the growth of the market. The downside to the large number of applications, however, is the consistency of the torque sensors as well as the torque orientation, which varies across different industries. That poses a major market challenge. Another concerning challenge in the torque sensor market is the need to overcome dust, dirt, as well as adverse weather conditions when measuring the torque of heavy equipment.
The torque meters or torque transducers are used to calculate the torque of rotating systems, such as electric motors, gearboxes, and craft shifts, etc. Torque is a critical parameter in all machines and engines and needs continuous monitoring and measurement. The market is growing as torque sensor applications in the automotive sector increase. Due to the development in the non-contact and wireless sensors the market has a significant opportunity to grow.
Based on Type, the market is segmented into Rotary Torque Sensors and Reaction Torque Sensors. Based on Technology, the market is segmented into Strain Gauge, Magnetoelastic, Surface Acoustic Wave and Others. Based on Application, the market is segmented into Automotive, Test & Measurement, Aerospace & Defense, Industrial and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Torque Sensor Market in Asia Pacific is expected to register a CAGR of 7.7% during the forecast period (2019-2025)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., ABB Group, Infineon Technologies AG, MTS Systems Corporation (PCB Piezotronics, Inc.), Snap-On, Inc. (Norbar Torque Tools), Crane Electronics, Ltd., FUTEK Advanced Sensor Technology, Inc, Applied Measurements Ltd., Kistler Group (Kistler Holding AG), and MagCanica, Inc.
Market Segmentation:
By Type
By Technology
By Application
By Country
Companies Profiled
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