North America Torque Sensor Market

North America Torque Sensor Market By Type (Rotary Torque Sensors and Reaction Torque Sensors) By Technology (Strain Gauge, Magnetoelastic, Surface Acoustic Wave and Others) By Application (Automotive, Test & Measurement, Aerospace & Defense, Industrial and Others) By Country, Industry Analysis and Forecast, 2019 - 2025

Report Id: KBV-3922 Publication Date: April-2020 Number of Pages: 82
Special Offering:
Industry Insights | Market Trends
Highest number of Tables | 24/7 Analyst Support

Market Report Description

The North America Torque Sensor Market would witness market growth of 6.3% CAGR during the forecast period (2019-2025). The adoption of torque sensor across the commercial sector is estimated to accelerate at a rapid rate over the forecast period. This trend can be associated with various factors like increased demand for high performance vehicles, extensive penetration of EPS in passenger vehicles, and a surge in the demand for new torque measurement technologies. However, high installation costs are likely to impede global market growth. In the commercial sector, the demand for torque sensors is evaluated and measured according to the impacts of drivers, restrictions, and opportunities.

The U.S. has emerged as the fastest technology adopter, due to which, the growth of electronics device, upcoming automotive technologies like healthcare monitoring systems, electric & hybrid vehicles, and others are exponential. Escalating rise in the disposable income of the US population also boosts torque sensor sales in this country. Additionally, growth in the semiconductor industry along with rise in advanced system trends among industries is boosting growth in the U.S. torque sensor market.

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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: Torque Sensor Market in North America is expected to register a CAGR of 6.3% 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.

Scope of the North America Torque Sensor Market Analysis

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
  • Canada
  • Mexico
  • Rest of North America

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.
Need a report that reflects how COVID-19 has impacted this market and its growth? Download Free Sample Now
HAVE A QUESTION?

HAVE A QUESTION?

Call: +1(646) 600-5072

SPECIAL PRICING & DISCOUNTS


  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities

Unique Offerings Unique Offerings


  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Support with 10% customization free after sale

Trusted by over
5000+ clients

Our team of dedicated experts can provide you with attractive expansion opportunities for your business.

Client Logo