Torque Sensors Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020

With the advent of various new applications the torque sensors market has experienced high growth over the last five years. Torque measurement is of prime importance in engine & transmissions testing, pump testing, turbine testing, and power measurement in propulsion systems. Torque sensors have significant number of applications in automotive applications such as chassis performance, steering systems, dynamometers, transmission and driveline.

Some of the major drivers for the torque sensors market include trend towards adoption of electric vehicles, up-gradation to electric power steering system, trend towards condition based maintenance and need for better fuel efficiency. Lack of reliable sensors catering to high end applications is expected to restrain market growth over the forecast period.

Quality control specifications such as ISO 9000 have been responsible for the torque sensors industry growth. As torque measurement is a vital parameter in rotating parts, devices, and machines to ensure high process quality and performance optimization, torque sensors have grown in prominence in several applications such as electric & hybrid car engines, medical prosthetics and robotics.

The torque sensors market can be bifurcated into application and technology. The application segment can be further categorized into test & measurement, automotive, aerospace & defense, industrial, and medical. The technology sector includes various types of torque sensors such as Surface Acoustic Wave (SAW), rotary, magneto elastic, and optical. The rotary segment can be further broken down into contact and non-contact sensors.

Key players in the market include PCB Piezotronics Inc., Kistler Instrumente AG, Crane Electronics Ltd., Honeywell International Inc., MagCanica, and Datum Electronics Ltd.