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Torque Sensor Market - Global Forecast, Market Size, Share, Trends, Analysis, Growth and Industry Analysis, 2013 – 2019

  • Date Submitted: 09/10/2015 11:48 PM
  • Flesch-Kincaid Score: 25 
  • Words: 446
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Torque sensor is a device for recording and measuring the torque of a rotating system. The rotating system includes machines such as electric motor, engines, gearbox and crankshaft.Torque monitoring and measurement is an important parameter in all the machines and engines. Some of the important applications includes aerospace and defense, automotive, and many more. The torque sensor market across the globe is expected to show a substantial growth with a single digit increase in CAGR by the year 2019. With the advancement in technology torque sensor market have entered in new areas such as power system, medical prosthetics, hybrid automobiles and many more.

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The emerging applications in robotics and medical prosthetics are expected to be an important driving force for the market. Some of the factors restraining the market growth areless reliable torque sensors for high end applications. The market is having opportunities in diagnostic applications, racing applications and medical robotics.

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The torque sensor market can be segmented into categories such as technology, applications and geography. By technology the market can be segmented into rotary torque sensors, static torque sensors, magneto elastic torque sensors, surface acoustic wave torque sensors and others. By application the market can be segmented into categories such as industrial applications, automotive applications, aerospace and defense, medical applications and others.The market is segmented geographically into Europe, North America, APACand Rest of World (RoW).

Some of the key players in the network management market are Honeywell International Inc., Kistler Instrumente Ag, Datum Electronics Ltd., PCB Piezotronics Inc., Crane Electronics Ltd and many more.

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