The Torque Sensor Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Torque Sensor Market?
The Torque Sensor Global Market Report 2025 market has experienced exponential growth in recent years. The market size, which stood at $11.31 billion in 2024, is projected to increase to $13.58 billion in 2025. This represents a compound annual growth rate (CAGR) of 20.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Torque Sensor Industry?
The Torque Sensor Global Market is predicted to reach $25.56 billion by the year 2029, expanding at a compound annual growth rate (CAGR) of 17.1%.
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What are the Key Growth Drivers Fueling the Torque Sensor Market?
The key drivers in the torque sensor market are:
• Expansion of the electric vehicle sector
• Increased adoption of Industry 4.0 and Internet of Things (IoT)
• Rising demand for robotic automation
• Implementation of new healthcare technologies and smart grids
Global Market Segmentation: Identifying Major Torque Sensor Industry Segments
The torque sensor market covered in this report is segmented –
1) By Type: Reaction Torque Sensor, Rotary Torque Sensor
2) By Technology: Strain Gauge, Surface Acoustic Wave (SAW), Optical, Magnetoelastic
3) By Application: Automotive, Industrial, Aerospace and Defense, Healthcare
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What are the Emerging Trends Shaping the Future of the Torque Sensor Market?
The key trends in the outboard boats market are:
• Miniaturization and integration is a major emerging trend in the torque sensor market.
• Industry 4.0 and IoT integration is also influencing the future of this market.
• The adoption of non-contact torque sensing is becoming a significant trend.
• Digital calibration, self-diagnostics, and wireless torque sensing are also emerging trends shaping the future of the market.
Who Are the Top Competitors & Leading Players in the Torque Sensor Market?
Major companies in the torque sensor market are:
• ABB Group
• Applied Measurements Ltd.
• Crane Electronics Ltd.
• FUTEK Advanced Sensor Technology Inc.
• Honeywell International Inc.
• Kistler Group
• MagCanica Inc.
• Datum Electronics Limited
• Hottinger Baldwin Messtechnik GmbH
• PCB Piezotronics Inc.
• Interface Inc.
• TE Connectivity Ltd.
• Bota Systems
• HITEC Sensor Solutions
• Mountz Inc.
• S. Himmelstein & Company
• Transense Technologies plc
• ATI Industrial Automation Inc.
• HBK Benelux
• Sensor Technology Ltd.
• Norbar Torque Tools Ltd.
• Magtrol SA
• Scaime SAS
• Lorenz Messtechnik GmbH
• KTR Systems GmbH
• Manner Sensortelemetrie GmbH
• RDP Electronics Ltd.
Regional Dominance: Which Area Leads the Global Torque Sensor Market?
North America was the largest region in the torque sensor market in 2024
