Torque Sensor Market in North America is expected to register a CAGR of 6.3% during the forecast period (2019-2025) - KBV Research

Published Date: 14-Apr-2020

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According to a new report North America Torque Sensor Market, published by KBV research, the North America Torque Sensor Market would witness market growth of 6.3% CAGR during the forecast period (2019-2025).

The US market dominated the North America Rotary Torque Sensors Market by Country in 2018, and would continue to be a dominant market till 2025. The Canada market is experiencing a CAGR of 7.8% during (2019 - 2025). Additionally, The Mexico market would witness a CAGR of 6.9% during (2019 - 2025).

The Strain Gauge market dominated the Mexico Torque Sensor Market by Technology in 2018, thereby, achieving a market value of $132.7 million by 2025, growing at a CAGR of 6.6 % during the forecast period. The Magnetoelastic market is exhibiting a CAGR of 7% during (2019 - 2025). Additionally, The Surface Acoustic Wave market is expected to witness CAGR of 8.1% during (2019 - 2025).

The Automotive market dominated the Canada Torque Sensor Market by Application in 2018, growing at a CAGR of 7.5 % during the forecast period. The Test & Measurement market is witnessing a CAGR of 9.5% during (2019 - 2025). The Aerospace & Defense market is showcasing prominent growth rate of 10.1% during (2019 - 2025). Additionally, The Industrial market is experiencing a CAGR of 9.7% during (2019 - 2025).

Report Structural Insights:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

North America Torque Sensor Market Segmentation

By Type

  • Rotary Torque Sensors
  • Reaction Torque Sensors

By Technology

  • Strain Gauge
  • Magnetoelastic
  • Surface Acoustic Wave
  • Others

By Application

  • Automotive
  • Test & Measurement
  • Aerospace & Defense
  • Industrial
  • Others

By Country

  • US Torque Sensor Market
  • Canada Torque Sensor Market
  • Mexico Torque Sensor Market
  • Rest of North America Torque Sensor Market

Companies Profiled

  • 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)
  • MagCanica, Inc.

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