The Global Torque Sensor Market size is expected to reach $21.8 billion by 2031, rising at a market growth of 7.6% CAGR during the forecast period. In the year 2023, the market attained a volume of 10,353.0 thousand units experiencing a growth of 18.1% (2020-2023).
North American region's strong emphasis on R&D has led to developing advanced torque sensing technologies and solutions, driving adoption and demand. Consequently, the North America region would acquire nearly 24.6% of the total market share by 2031. Also, the USA market would utilize 3,345.0 thousand units of these sensors by 2031. North America, particularly the United States, is a hub for technological innovation and research in various industries, including automotive, aerospace, manufacturing, and robotics.
These sensors accurately measure the torque generated by electric motors in vehicles. This precise measurement allows for optimal control of motor performance, ensuring efficient power delivery and maximizing the vehicle's driving range. Moreover, precise torque control is essential for ensuring the safety of electric and hybrid vehicles. These sensors help prevent overloading of drivetrain components, monitor motor performance for abnormalities, and contribute to implementing advanced driver assistance systems (ADAS) for collision avoidance and vehicle stability. Hence, these factors will pose lucrative growth prospects for the market. Additionally, Continual sensor technology advancements lead to higher accuracy and sensitivity in these sensors. Enhanced accuracy ensures precise torque measurement, while increased sensitivity enables the detection of even subtle changes in torque levels. Furthermore, innovations in sensor technology enable the development of more compact and lightweight sensors without compromising performance. Hence, these aspects can drive the growth of the market.
However, these sensors demand precise installation and calibration procedures for accurate measurement and reliable performance. Achieving this precision often entails meticulous attention to detail, specialized equipment, and expert knowledge. Even minor errors in installation or calibration can lead to inaccurate measurements, compromising the integrity of the data obtained and potentially affecting critical processes or decisions. Moreover, successful installation and calibration of these sensors often require specialized knowledge and equipment that may not be readily available to all end-users. Hence, owing to these factors, the market will witness decreased demand in the coming years.
By Type Analysis
Based on type, the market is segmented into rotary torque sensors and reaction torque sensors. In 2023, the reaction torque sensors segment garnered 27% revenue share in the market. In terms of volume, the reaction torque sensors recorded 3,794.9 thousand units in 2023. As industries continue to prioritize precision engineering and performance optimization, the demand for accurate torque measurement solutions has surged. Reaction sensors are crucial in providing precise and reliable measurements of torque exerted on rotating shafts, enabling manufacturers to monitor, control, and optimize critical processes with greater accuracy and efficiency.
By Application Analysis
Based on application, the market is divided into automotive, test & measurement, aerospace & defense, industrial, and others. In 2023, the aerospace and defense segment witnessed a 11% revenue share in the market. Precision engineering is paramount in the aerospace and defense sector, with stringent safety standards and reliability requirements governing every aspect of aircraft and defense system design. These sensors play a critical role in ensuring the accurate measurement and control of torque in various applications, including aircraft engines, flight controls, weapon systems, and satellite deployments.
By Technology Analysis
On the basis of technology, the market is divided into strain gauge, magnetoelastic, surface acoustic wave, and others. In 2023, the magnetoelastic segment witnessed a 27% revenue share in the market. In terms of volume, the magnetoelastic segment acquired 2,623.5 thousand units in 2023. Magnetoelastic sensors utilize the magnetoelastic effect to measure torque by detecting changes in the magnetic properties of a ferromagnetic material subjected to mechanical strain. This technological advancement presents numerous benefits, such as exceptional precision, dependability, and longevity. It is highly suitable for rigorous torque measurements in the automotive, aerospace, manufacturing, and robotics sectors.
By Regional Analysis
By region, the torque sensor market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific segment acquired 46.7% revenue share in the market. Asia Pacific region, particularly countries such as China, Japan, South Korea, and India, has witnessed rapid industrialization and manufacturing expansion across various sectors including automotive, aerospace, electronics, and machinery. These sensors play a critical role in these industries for applications such as automotive testing, robotics, industrial automation, and quality control, driving demand for torque sensing solutions.
List of Key Companies Profiled
- Honeywell International, Inc.
- ABB Ltd.
- Amphenol Corporation (PCB Piezotronics, Inc.)
- Sensor Technology Ltd.
- FUTEK Advanced Sensor Technology, Inc.
- TE Connectivity Ltd.
- ATI Industrial Automation, Inc. (Novanta, Inc.)
- Spectris PLC (HBM)
- Interface, Inc.
- Datum Electronics Ltd. (Indutrade AB)
Global Torque Sensor Market Report Segmentation
By Type (Volume, Thousand Units, USD Billion, 2020-31)
- Rotary Torque Sensors
- Reaction Torque Sensors
By Application (Volume, Thousand Units, USD Billion, 2020-31)
- Automotive
- Aerospace & Defense
- Test & Measurement
- Industrial
- Others
By Technology (Volume, Thousand Units, USD Billion, 2020-31)
- Strain Gauge
- Magnetoelastic
- Surface Acoustic Wave
- Others
By Geography (Volume, Thousand Units, USD Billion, 2020-31)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Torque Sensor Market, by Type
- 1.4.2Global Torque Sensor Market, by Application
- 1.4.3Global Torque Sensor Market, by Technology
- 1.4.4Global Torque Sensor Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Opportunities
- 3.2.3Market Restraints
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Global Torque Sensor Market by Type
- 4.1Global Rotary Torque Sensors Market by Region
- 4.2Global Reaction Torque Sensors Market by Region
Chapter 5.Global Torque Sensor Market by Application
- 5.1Global Automotive Market by Region
- 5.2Global Aerospace & Defense Market by Region
- 5.3Global Test & Measurement Market by Region
- 5.4Global Industrial Market by Region
- 5.5Global Others Market by Region
Chapter 6.Global Torque Sensor Market by Technology
- 6.1Global Strain Gauge Market by Region
- 6.2Global Magnetoelastic Market by Region
- 6.3Global Surface Acoustic Wave Market by Region
- 6.4Global Others Market by Region
Chapter 7.Global Torque Sensor Market by Region
- 7.1North America Torque Sensor Market
- 7.1.1North America Torque Sensor Market by Type
- 7.1.1.1North America Rotary Torque Sensors Market by Country
- 7.1.1.2North America Reaction Torque Sensors Market by Country
- 7.1.2North America Torque Sensor Market by Application
- 7.1.2.1North America Automotive Market by Country
- 7.1.2.2North America Aerospace & Defense Market by Country
- 7.1.2.3North America Test & Measurement Market by Country
- 7.1.2.4North America Industrial Market by Country
- 7.1.2.5North America Others Market by Country
- 7.1.3North America Torque Sensor Market by Technology
- 7.1.3.1North America Strain Gauge Market by Country
- 7.1.3.2North America Magnetoelastic Market by Country
- 7.1.3.3North America Surface Acoustic Wave Market by Country
- 7.1.3.4North America Others Market by Country
- 7.1.4North America Torque Sensor Market by Country
- 7.1.4.1US Torque Sensor Market
- 7.1.4.1.1US Torque Sensor Market by Type
- 7.1.4.1.2US Torque Sensor Market by Application
- 7.1.4.1.3US Torque Sensor Market by Technology
- 7.1.4.2Canada Torque Sensor Market
- 7.1.4.2.1Canada Torque Sensor Market by Type
- 7.1.4.2.2Canada Torque Sensor Market by Application
- 7.1.4.2.3Canada Torque Sensor Market by Technology
- 7.1.4.3Mexico Torque Sensor Market
- 7.1.4.3.1Mexico Torque Sensor Market by Type
- 7.1.4.3.2Mexico Torque Sensor Market by Application
- 7.1.4.3.3Mexico Torque Sensor Market by Technology
- 7.1.4.4Rest of North America Torque Sensor Market
- 7.1.4.4.1Rest of North America Torque Sensor Market by Type
- 7.1.4.4.2Rest of North America Torque Sensor Market by Application
- 7.1.4.4.3Rest of North America Torque Sensor Market by Technology
- 7.2Europe Torque Sensor Market
- 7.2.1Europe Torque Sensor Market by Type
- 7.2.1.1Europe Rotary Torque Sensors Market by Country
- 7.2.1.2Europe Reaction Torque Sensors Market by Country
- 7.2.2Europe Torque Sensor Market by Application
- 7.2.2.1Europe Automotive Market by Country
- 7.2.2.2Europe Aerospace & Defense Market by Country
- 7.2.2.3Europe Test & Measurement Market by Country
- 7.2.2.4Europe Industrial Market by Country
- 7.2.2.5Europe Others Market by Country
- 7.2.3Europe Torque Sensor Market by Technology
- 7.2.3.1Europe Strain Gauge Market by Country
- 7.2.3.2Europe Magnetoelastic Market by Country
- 7.2.3.3Europe Surface Acoustic Wave Market by Country
- 7.2.3.4Europe Others Market by Country
- 7.2.4Europe Torque Sensor Market by Country
- 7.2.4.1Germany Torque Sensor Market
- 7.2.4.1.1Germany Torque Sensor Market by Type
- 7.2.4.1.2Germany Torque Sensor Market by Application
- 7.2.4.1.3Germany Torque Sensor Market by Technology
- 7.2.4.2UK Torque Sensor Market
- 7.2.4.2.1UK Torque Sensor Market by Type
- 7.2.4.2.2UK Torque Sensor Market by Application
- 7.2.4.2.3UK Torque Sensor Market by Technology
- 7.2.4.3France Torque Sensor Market
- 7.2.4.3.1France Torque Sensor Market by Type
- 7.2.4.3.2France Torque Sensor Market by Application
- 7.2.4.3.3France Torque Sensor Market by Technology
- 7.2.4.4Russia Torque Sensor Market
- 7.2.4.4.1Russia Torque Sensor Market by Type
- 7.2.4.4.2Russia Torque Sensor Market by Application
- 7.2.4.4.3Russia Torque Sensor Market by Technology
- 7.2.4.5Spain Torque Sensor Market
- 7.2.4.5.1Spain Torque Sensor Market by Type
- 7.2.4.5.2Spain Torque Sensor Market by Application
- 7.2.4.5.3Spain Torque Sensor Market by Technology
- 7.2.4.6Italy Torque Sensor Market
- 7.2.4.6.1Italy Torque Sensor Market by Type
- 7.2.4.6.2Italy Torque Sensor Market by Application
- 7.2.4.6.3Italy Torque Sensor Market by Technology
- 7.2.4.7Rest of Europe Torque Sensor Market
- 7.2.4.7.1Rest of Europe Torque Sensor Market by Type
- 7.2.4.7.2Rest of Europe Torque Sensor Market by Application
- 7.2.4.7.3Rest of Europe Torque Sensor Market by Technology
- 7.3Asia Pacific Torque Sensor Market
- 7.3.1Asia Pacific Torque Sensor Market by Type
- 7.3.1.1Asia Pacific Rotary Torque Sensors Market by Country
- 7.3.1.2Asia Pacific Reaction Torque Sensors Market by Country
- 7.3.2Asia Pacific Torque Sensor Market by Application
- 7.3.2.1Asia Pacific Automotive Market by Country
- 7.3.2.2Asia Pacific Aerospace & Defense Market by Country
- 7.3.2.3Asia Pacific Test & Measurement Market by Country
- 7.3.2.4Asia Pacific Industrial Market by Country
- 7.3.2.5Asia Pacific Others Market by Country
- 7.3.3Asia Pacific Torque Sensor Market by Technology
- 7.3.3.1Asia Pacific Strain Gauge Market by Country
- 7.3.3.2Asia Pacific Magnetoelastic Market by Country
- 7.3.3.3Asia Pacific Surface Acoustic Wave Market by Country
- 7.3.3.4Asia Pacific Others Market by Country
- 7.3.4Asia Pacific Torque Sensor Market by Country
- 7.3.4.1China Torque Sensor Market
- 7.3.4.1.1China Torque Sensor Market by Type
- 7.3.4.1.2China Torque Sensor Market by Application
- 7.3.4.1.3China Torque Sensor Market by Technology
- 7.3.4.2Japan Torque Sensor Market
- 7.3.4.2.1Japan Torque Sensor Market by Type
- 7.3.4.2.2Japan Torque Sensor Market by Application
- 7.3.4.2.3Japan Torque Sensor Market by Technology
- 7.3.4.3India Torque Sensor Market
- 7.3.4.3.1India Torque Sensor Market by Type
- 7.3.4.3.2India Torque Sensor Market by Application
- 7.3.4.3.3India Torque Sensor Market by Technology
- 7.3.4.4South Korea Torque Sensor Market
- 7.3.4.4.1South Korea Torque Sensor Market by Type
- 7.3.4.4.2South Korea Torque Sensor Market by Application
- 7.3.4.4.3South Korea Torque Sensor Market by Technology
- 7.3.4.5Taiwan Torque Sensor Market
- 7.3.4.5.1Taiwan Torque Sensor Market by Type
- 7.3.4.5.2Taiwan Torque Sensor Market by Application
- 7.3.4.5.3Taiwan Torque Sensor Market by Technology
- 7.3.4.6Malaysia Torque Sensor Market
- 7.3.4.6.1Malaysia Torque Sensor Market by Type
- 7.3.4.6.2Malaysia Torque Sensor Market by Application
- 7.3.4.6.3Malaysia Torque Sensor Market by Technology
- 7.3.4.7Rest of Asia Pacific Torque Sensor Market
- 7.3.4.7.1Rest of Asia Pacific Torque Sensor Market by Type
- 7.3.4.7.2Rest of Asia Pacific Torque Sensor Market by Application
- 7.3.4.7.3Rest of Asia Pacific Torque Sensor Market by Technology
- 7.4LAMEA Torque Sensor Market
- 7.4.1LAMEA Torque Sensor Market by Type
- 7.4.1.1LAMEA Rotary Torque Sensors Market by Country
- 7.4.1.2LAMEA Reaction Torque Sensors Market by Country
- 7.4.2LAMEA Torque Sensor Market by Application
- 7.4.2.1LAMEA Automotive Market by Country
- 7.4.2.2LAMEA Aerospace & Defense Market by Country
- 7.4.2.3LAMEA Test & Measurement Market by Country
- 7.4.2.4LAMEA Industrial Market by Country
- 7.4.2.5LAMEA Others Market by Country
- 7.4.3LAMEA Torque Sensor Market by Technology
- 7.4.3.1LAMEA Strain Gauge Market by Country
- 7.4.3.2LAMEA Magnetoelastic Market by Country
- 7.4.3.3LAMEA Surface Acoustic Wave Market by Country
- 7.4.3.4LAMEA Others Market by Country
- 7.4.4LAMEA Torque Sensor Market by Country
- 7.4.4.1Brazil Torque Sensor Market
- 7.4.4.1.1Brazil Torque Sensor Market by Type
- 7.4.4.1.2Brazil Torque Sensor Market by Application
- 7.4.4.1.3Brazil Torque Sensor Market by Technology
- 7.4.4.2Argentina Torque Sensor Market
- 7.4.4.2.1Argentina Torque Sensor Market by Type
- 7.4.4.2.2Argentina Torque Sensor Market by Application
- 7.4.4.2.3Argentina Torque Sensor Market by Technology
- 7.4.4.3UAE Torque Sensor Market
- 7.4.4.3.1UAE Torque Sensor Market by Type
- 7.4.4.3.2UAE Torque Sensor Market by Application
- 7.4.4.3.3UAE Torque Sensor Market by Technology
- 7.4.4.4Saudi Arabia Torque Sensor Market
- 7.4.4.4.1Saudi Arabia Torque Sensor Market by Type
- 7.4.4.4.2Saudi Arabia Torque Sensor Market by Application
- 7.4.4.4.3Saudi Arabia Torque Sensor Market by Technology
- 7.4.4.5South Africa Torque Sensor Market
- 7.4.4.5.1South Africa Torque Sensor Market by Type
- 7.4.4.5.2South Africa Torque Sensor Market by Application
- 7.4.4.5.3South Africa Torque Sensor Market by Technology
- 7.4.4.6Nigeria Torque Sensor Market
- 7.4.4.6.1Nigeria Torque Sensor Market by Type
- 7.4.4.6.2Nigeria Torque Sensor Market by Application
- 7.4.4.6.3Nigeria Torque Sensor Market by Technology
- 7.4.4.7Rest of LAMEA Torque Sensor Market
- 7.4.4.7.1Rest of LAMEA Torque Sensor Market by Type
- 7.4.4.7.2Rest of LAMEA Torque Sensor Market by Application
- 7.4.4.7.3Rest of LAMEA Torque Sensor Market by Technology
Chapter 8.Company Profiles
- 8.1Datum Electronics Ltd. (Indutrade AB)
- 8.1.1Company Overview
- 8.1.2Financial Analysis
- 8.1.3Segmental and Regional Analysis
- 8.2Honeywell International, Inc.
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental and Regional Analysis
- 8.2.4Research & Development Expenses
- 8.2.5SWOT Analysis
- 8.3ABB Ltd.
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expense
- 8.3.5SWOT Analysis
- 8.4Amphenol Corporation (PCB Piezotronics, Inc.)
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4Research & Development Expenses
- 8.4.5SWOT Analysis
- 8.5Sensor Technology Ltd.
- 8.6FUTEK Advanced Sensor Technology, Inc.
- 8.7TE Connectivity Ltd.
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segmental and Regional Analysis
- 8.7.4Research & Development Expense
- 8.7.5SWOT Analysis
- 8.8ATI Industrial Automation, Inc. (Novanta, Inc.)
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Segmental and Regional Analysis
- 8.8.4Research & Development Expenses
- 8.9Interface, Inc.
- 8.10.Spectris PLC (HBM)
- 8.10.1Company Overview
- 8.10.2Financial Analysis
- 8.10.3Segmental and Regional Analysis
Chapter 9.Winning Imperatives for Torque Sensor Market