The 8th version of Global Torque Sensor Market is an in depth analytical and comprehensive research on both present and future torque sensor market key trends and drivers. Shifting consumer preferences towards advanced torque sensors, continuous launch of high precision torque sensors with good linearity and resolution, production of sensors that are tailor made to individual consumer needs, and aggressive investments by torque sensor OEMs in high-end products all together shape the global torque sensor market.
On-going research in robotic applications drifts up global torque sensor market
Amidst recent trends, integration of torque sensors in industrial robotic automationis widely being adopted, to enable machines to execute tasks with precise force and right amount of pressure, particularly in grinding and finishing applications.
For instance, 2018, FUTEK advanced sensor technology, Inc. has developed rotary torque sensor which can be assembled to robotic automation machine and aids engineers in measuring rotational force of each slap shot.
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Further, companies are developing high performance, lightweight and highly reliable embedded optical torque sensors for biomimetic robots.
Hence, the strong growth in robotics market is leveraging opportunities for high performance torque sensors and is significantly driving the global torque sensors market.
Development and innovation disrupts global torque sensors market growth to 8.48%CAGR
Robust technological advancements coupled with demand for compact and lightweight sensors across industries are expected to drive the demand for new and innovative torque sensors worldwide. Further, researchers are focusing on widening the applications of optical sensors due to their compact size, and less electromagnetic interference.
The increasing adaption of wireless sensors across production units and seamless wireless connectivity largely drives torque sensors OEMs in North America and Europe to focus their R&D efforts on wireless connectivity torque sensors.
Companies are also promoting battery-less and wireless SAW technology based sensors for flexible package design and ease of integration with existing system designs.
Digital telemetry based non-contact torque monitoring devices are being developed by most leading companies.
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2018 – Crane Electronics launched a new product, TorqueStar series, the Lite, Plus and Pro which is the latest innovation ground-breaking torque measurement system.
However, major challenges in development include compliance with quality standards, resistance to moisture and dirt, high reliability and accuracy.
Automotive application continues to dominate the global torque sensor market throughout the forecast period
The automotive industry uses torque sensors across wide range of applications including engine performance, transmission, chassis monitoring, driveline, testing for fuel-efficiency, safety, and other transmission systems.
Among all, electric power steering (EPS) systems remains one of the prominent applications of torque sensors in the automotive industry.
For instance ,2018 – TT Electronics introduced the SX-4462 Hall effect magnetic non-contact torque sensor, a flexible and cost-effective sensor used for electronic power steering (EPS) applications including off-road vehicles (ORVs), three-wheelers, light commercial trucks, and tractors.
Further, torque sensors with capacity range 101-500 Nm are largely used in the automotive industry. In addition, strain gauge technology based sensors are also emerging to dominate the global torque sensor market.
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Strain gauge technology leverages global torque sensor market size
Strain gauge technology dominates the market share and holds up to more than half of the market share. Key application areas of strain gauge include automotive, test & measurement, and medical applications.
In medical field, strain gauges are used for finite element analysis (FEA) to measure 3D displacements and surface strains in most complex models and materials like human bones.
Key players capturing the global torque sensor market comprise Honeywell, HBM and Kistler Group, and others.
Aerospace industry promises substantial torque sensor market growth
The aerospace and defence industry is one of the leading consumers of torque sensors, deploying torque sensors in monitoring operations of aircraft, hovercraft, military ground vehicles and helicopters.
Torque sensors with capacity range 501-1,000 Nm and more than 1,000 Nm are largely used for primary operations including testing of aircraft hydraulic pump, propeller functioning,flap actuators, and satellite panel actuator.
Across major countries, U.S leads the aerospace and defence expenditure globally, followed by Mexico, Korea and other key players owing to continuous efforts in innovations and high precision systems.
Competitive Players leading the global torque sensors market
- ABB
- Crane electronics
- FUTEK Advanced Sensor Technology
- Applied Measurements
- Honeywell International
- Kistler Holding
- Sensor Technology
- Hottinger Baldwin Messtechnik
- Norbar Torque Tools
- Infineon Technologies
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