Lucintel Blog: Rotary torque sensor is expected to remain the largest segment in the global torque sensor market

Wednesday, April 5, 2023

Rotary torque sensor is expected to remain the largest segment in the global torque sensor market

An exciting new study from the team of Lucintel found that torque sensor market is expected to reach $5.8 billion by 2028 with a CAGR of 8.5%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.

Download Brochure of this report by clicking on https://www.lucintel.com/torque-sensor-market.aspx.

The torque sensor market is segmented based on sensor type, technology, application, and region. In this market, rotary torque sensor is expected to remain the largest sensor type, and automotive segment is expected to remain the largest application. Players can benefit from the available opportunities like the robust growth of the automotive industry and increasing adoption of these sensors in industrial automation and robotic industry.

PCB Piezotronics, Kistler Instrumente, Crane Electronics, Honeywell, MagCanica, and Datum Electronics are some of the major players profiled in this 150 page report.

Request Sample Pages by clicking on https://www.lucintel.com/torque-sensor-market.aspx.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the torque sensor market by sensor type (rotary torque sensor and reaction torque sensor), technology (surface acoustic wave, magnetoelastic, optical, and strain gauge), end use industry (test & measurement, automotive, industrial, aerospace & defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the torque sensor market?

Q.4 What are some changing demands of customers in the torque sensor market?

Q.5 What are the new developments in the torque sensor market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this torque sensor area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this torque sensor market?

This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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