1. Market Research
  2. > Manufacturing
  3. > Electronic Component Market Trends
Global Torque Sensors Industry

Global Torque Sensors Industry

  • September 2020
  • 475 pages
  • ID: 2043290
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

The global market for Torque Sensors is projected to reach US$13. 5billion by 2025, driven by the importance of torque measurement in heavy machinery manufacturing including motors, compressors, pumps, power generating/consuming equipment, automobiles, etc. In the automotive industry, torque sensor measurements are used prior to the assembly process and are used for testing combustion engines and transmission systems during the development stage. Accurate torque calibration is also equally important in research & development when new materials, processes and assembly techniques are in the process of being developed; during inspection and quality control to reduce pre-production errors and downtime; during production to safeguard against time, money, materials and labor wastages due to re-working; and during equipment servicing. The growing pressure to design more fuel efficient vehicles coupled the strict emission regulations are making the significance of torque as a measured quantity even higher and more critical in automobile engineering and production. Accurate torque measurement and calibration helps build better engines enhanced mechanical performance including higher rotation and acceleration performance. Proliferation of automation and robotic technologies in industrial settings which has already peaked in the developed world and is gaining momentum in developing regions, also brings new revenue opportunities for torque sensors. The growing use of robots and the myriad roles played by them in an industrial environment is throwing the spotlight on improving object-sensing capability. Torque sensors play a vital role in the development of robotic manipulators. A force torque (FT) sensor specifically is designed to measure the forces exerted around it. Robots used in quality control & assembly line and robotic machine tools for grinding and polishing applications are major users of force torque sensors. 6-axis force torque sensor is a key technology innovation growing in popularity for its ability to detect forces & torque along all the three x-y-z axis. Other major factors also important in influencing growth in the market include continuous technological innovations; steady growth in automobile production; and emerging applications in industrial, aerospace, oil and gas and medical sectors. A key noteworthy innovation in torque transducers is the development of contactless or wireless transducers which utilize surface acoustic waves to provide non-contacting sensing thus eliminating the drawbacks of Conventional torque measuring solution such as Strain gauges which require to be connected via lip rings, inductive couplings and are prone to external factors such as electrical noise, and longer-term durability and reliability issues. Asia-Pacific including China ranks as a major market led by healthy economic growth and industrialization trends; healthy production of automobiles against the backdrop of rising vehicle per capita vehicle ownership; and increasing availability of high quality yet affordable sensors with higher accuracy class, sensitivity tolerance, temperature stability and reliable linearity deviation and hysteresis.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on