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Global Torque Sensor Market 2016-2020

Global Torque Sensor Market 2016-2020

About Torque Sensor

A torque sensor or a torque transducer is a device that is used for measuring the amount of torque acting upon a rotating system or mechanism in machinery such as engine, transmission, gearbox, crankshaft, or rotor. Torque sensors can measure all the components of torque acting along the six axes of a rotating system. Torque sensors measure both static and dynamic torque. However, the measurement of dynamic torque involves the transfer of either electric or magnetic effect from a shaft measured in a static system.

Technavio’s analysts forecast the global torque sensor market to grow at a CAGR of 9.86% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global torque sensor market for 2016-2020. To calculate the market size, the report considers the revenue generated from unit shipments of torque sensors.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Torque Sensor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • ATI Industrial Automation
  • Crane Electronics
  • FUTEK Advanced Sensor Technology
  • HBM Test and Measurement
  • Honeywell Sensing and Control
  • Interface Advanced Force Measurement
  • Kistler Holding
  • Kistler Holding
Market driver
  • Rise in demand for high-performance vehicles in automotive industry
  • For a full, detailed list, view our report
Market challenge
  • Compliance with safety standards
  • For a full, detailed list, view our report
Market trend
  • Compliance with quality standards
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Torque Sensor Market 2016-2020

Technavio recognizes the following companies as the key players in the global torque sensor market: ABB, ATI Industrial Automation, Crane Electronics, FUTEK Advanced Sensor Technology, HBM Test and Measurement, Honeywell Sensing and Control, Interface Advanced Force Measurement, Kistler Holding, and Kistler Holding.

Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be the rise in demand for wireless connectivity in torque sensors. The widespread development of the global economy has pushed industries across the globe to focus on enhancing their operational and energy efficiency to cut costs and generate optimum amount of revenue. In order to achieve operational and energy efficiency, all the processes involved in the industry need to be closely monitored for inconsistencies and faults or mishaps, and the time involved in addressing the issue needs to be minimized.”

According to the report, increased demand for torque sensors in oil and gas industry will be a key driver for market growth. The growth in the economy worldwide has led to an increased demand for energy and power. This, in turn, has resulted in a rise in demand for oil and gas globally. The oil and gas consumption increased to 93.8 million barrels per day in 2015 from 90.5 million barrels per day in 2012. We expect the same to increase to 100 million barrels per day by 2020.

Further, the report states that the initial capital investment required for the manufacture of torque sensors is high, which poses a major threat to the operation of manufacturers. The development and growth of worldwide economies have led to volatile raw material prices across industries. As a result, vendors face a major challenge of maintaining competitive selling prices of their products. Technological innovations across industries have generated high demand for advanced torque sensors that can measure torque with utmost precision in harsh environmental conditions such as that in the oil and gas industry.



Companies Mentioned

ABB, ATI Industrial Automation, Crane Electronics, FUTEK Advanced Sensor Technology, HBM Test and Measurement, Honeywell Sensing and Control, Interface Advanced Force Measurement, Kistler Holding, Kistler Holding.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Standard currency conversion rates
      • Table Key regions covered
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Torque sensor
    • EPAS system
      • Table Components of EPAS system
  • Market landscape
    • Market overview
      • Table Global torque sensor market segmentation overview
    • Market size and forecast
      • Table Global torque sensor market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by capacity
    • Table Global torque sensor market: Segmentation by capacity 2015 (percentage share)
    • Table Global torque sensor market: Segmentation by capacity 2020 (percentage share)
    • Table Global torque sensor market: Geographical segmentation 2015-2020 ($ millions)
    • Table Average selling price of torque sensors by capacity 2015 ($)
  • Geographical segmentation
    • Overview
      • Table Global torque sensor market: Geographical segmentation 2015
      • Table Global torque sensor market: Geographical segmentation 2020
    • Torque sensor market in APAC
      • Table Torque sensor market in APAC 2015-2020 ($ millions)
    • Torque sensor market in EMEA
      • Table Torque sensor market in EMEA 2015-2020 ($ millions)
    • Torque sensor market in Americas
      • Table Torque sensor market in Americas 2015-2020 ($ millions)
  • Market drivers
    • Rise in demand for high-performance vehicles in automotive industry
      • Table Change in disposable income globally 2011-2016
    • Penetration of EPAS systems in automobiles
      • Table Automobile sales by segment 2012-2016 (millions of units)
    • Growth of industrial automation and robotics
    • Increased demand for torque sensors in oil and gas industry
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High initial capital investment
    • Compliance with safety standards
    • Complexity in design
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Inception of new and innovative torque sensors
      • Table New products in the global torque sensor market
    • Compliance with quality standards
    • Rise in demand for wireless connectivity in torque sensors
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • Table ABB torque sensor product portfolio
    • Table ATI Industrial Automation torque sensor product portfolio
    • Table Crane Electronics torque sensor product portfolio
    • Table FUTEK torque sensor product portfolio
    • Table HBM Test and Measurement torque sensor product portfolio
    • Table Honeywell torque sensor product portfolio
    • Table Interface torque sensor product portfolio
    • Table Kistler Holding torque sensor product portfolio
    • Table Sensor Technology torque sensor product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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