This Torque Sensor report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The torque sensor market size has grown exponentially in recent years. It will grow from $11.31 billion in 2024 to $13.58 billion in 2025 at a compound annual growth rate (CAGR) of 20%. The growth in the historic period can be attributed to automotive industry demand, industrial automation, renewable energy growth, aerospace and defense applications, space exploration.
The torque sensor market size is expected to see rapid growth in the next few years. It will grow to $25.56 billion in 2029 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to electric vehicle expansion, industry 4 and iot adoption, robotic automation, emerging healthcare technologies, smart grid implementation. Major trends in the forecast period include miniaturization and integration, industry 4 and iot integration, non-contact torque sensing, digital calibration and self-diagnostics, wireless torque sensing.
The rising adoption of electric vehicles is driving the growth of the torque sensor market. Electric automotive manufacturers utilize torque sensors to measure drive and braking torque and assess efficiency. By 2020, there were 10 million electric vehicles on the roads worldwide. For instance, in January 2024, Eurostat, a Luxembourg-based government agency, reported that the number of electric vehicles reached nearly 3 million in 2022, marking a 55% increase from the 1.9 million recorded in 2021. Consequently, the growing demand for electric vehicles is significantly contributing to the expansion of the torque sensor market.
The torque sensor market is expected to benefit from increased car sales. Torque sensors are integral to optimizing engine performance, enhancing safety and stability, improving fuel efficiency, and ensuring the efficient operation of various automotive systems. In the United States, for example, approximately 13.74 million cars and light trucks were sold in 2022, with projections estimating sales to reach 14.8 million in 2023, as reported by FinMasters in July 2023. The continuous rise in car sales is anticipated to propel the torque sensor market forward.
Technological advancements are a significant trend gaining traction in the torque sensor market. For example, in June 2024, Hottinger Brüel & Kjær (HBK), a Denmark-based technology company, launched its next-generation torque sensor. The T110/100 torque sensor features integrated telemetry and a versatile stator designed to meet various needs. This represents a crucial milestone, providing engineers with new solutions to address test bench and measurement challenges, particularly in powertrain testing, especially for electric vehicles.
Major companies in the torque sensor industry are increasingly adopting a strategic partnerships approach to deliver essential torque sensor services to individuals, businesses, and governments. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in 2022, Allegro MicroSystems, a US-based semiconductor technology company, announced a partnership with Mouser Electronics. This collaboration aims to enhance the availability of new products and technologies, targeting design engineers and buyers globally. This partnership aligns with Allegro's strategy to expand its market reach and improve product offerings in the torque sensor sector. Mouser Electronics specializes in the rapid introduction of new products and technologies in the USA.
In September 2024, Spectris plc, a UK-based instrumentation company, acquired Piezocryst Advanced Sensorics GmbH for €133.5 million ($146.04 million). This acquisition enhances Spectris's capabilities in the torque sensor market by integrating high-precision piezoelectric sensor technology, which is recognized for its durability and accuracy. This strategic move not only expands Spectris's market reach but also leverages its global sales network, enabling Piezocryst to penetrate new markets and foster innovation in torque measurement solutions. Piezocryst Advanced Sensorics GmbH is an Austria-based manufacturer specializing in piezoelectric sensors, including torque sensors.
Major companies operating in the torque sensor market include 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.
North America was the largest region in the torque sensor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global torque sensor market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Torque Sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
A torque sensor is a transducer designed to convert mechanical torque into an electrical signal. There are two primary types of torque sensors - reaction torque sensors and rotary torque sensors. These sensors find applications in various industries, including automotive, motorsports, aerospace, rail, and construction. Some common applications of torque sensors include drag torque measurement, precision mechanics, screwing technology, and testing tools.
The two main types of torque sensors are reaction torque sensors, which convert a reaction torque measurement into an electrical signal, and rotary torque sensors, which are frequently utilized in automotive engine testing, drive train measurements, electric motor testing, and gearbox testing. In terms of technology, major types of torque sensors include surface acoustic wave (SAW), optical, and magnetoelastic torque sensors. The automotive, industrial, aerospace and defense, and healthcare industries are among the major sectors where torque sensors find significant applications.
The torque sensor market research report is one of a series of new reports that provides torque sensor statistics, including torque sensor industry global market size, regional shares, competitors with torque sensor shares, detailed torque sensor segments, market trends and opportunities, and any further data you may need to thrive in the torque sensor industry. This torque sensor research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The torque sensor market consists of sales of reaction sensors, rotary sensors, and other torque sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The torque sensor market size has grown exponentially in recent years. It will grow from $11.31 billion in 2024 to $13.58 billion in 2025 at a compound annual growth rate (CAGR) of 20%. The growth in the historic period can be attributed to automotive industry demand, industrial automation, renewable energy growth, aerospace and defense applications, space exploration.
The torque sensor market size is expected to see rapid growth in the next few years. It will grow to $25.56 billion in 2029 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to electric vehicle expansion, industry 4 and iot adoption, robotic automation, emerging healthcare technologies, smart grid implementation. Major trends in the forecast period include miniaturization and integration, industry 4 and iot integration, non-contact torque sensing, digital calibration and self-diagnostics, wireless torque sensing.
The rising adoption of electric vehicles is driving the growth of the torque sensor market. Electric automotive manufacturers utilize torque sensors to measure drive and braking torque and assess efficiency. By 2020, there were 10 million electric vehicles on the roads worldwide. For instance, in January 2024, Eurostat, a Luxembourg-based government agency, reported that the number of electric vehicles reached nearly 3 million in 2022, marking a 55% increase from the 1.9 million recorded in 2021. Consequently, the growing demand for electric vehicles is significantly contributing to the expansion of the torque sensor market.
The torque sensor market is expected to benefit from increased car sales. Torque sensors are integral to optimizing engine performance, enhancing safety and stability, improving fuel efficiency, and ensuring the efficient operation of various automotive systems. In the United States, for example, approximately 13.74 million cars and light trucks were sold in 2022, with projections estimating sales to reach 14.8 million in 2023, as reported by FinMasters in July 2023. The continuous rise in car sales is anticipated to propel the torque sensor market forward.
Technological advancements are a significant trend gaining traction in the torque sensor market. For example, in June 2024, Hottinger Brüel & Kjær (HBK), a Denmark-based technology company, launched its next-generation torque sensor. The T110/100 torque sensor features integrated telemetry and a versatile stator designed to meet various needs. This represents a crucial milestone, providing engineers with new solutions to address test bench and measurement challenges, particularly in powertrain testing, especially for electric vehicles.
Major companies in the torque sensor industry are increasingly adopting a strategic partnerships approach to deliver essential torque sensor services to individuals, businesses, and governments. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in 2022, Allegro MicroSystems, a US-based semiconductor technology company, announced a partnership with Mouser Electronics. This collaboration aims to enhance the availability of new products and technologies, targeting design engineers and buyers globally. This partnership aligns with Allegro's strategy to expand its market reach and improve product offerings in the torque sensor sector. Mouser Electronics specializes in the rapid introduction of new products and technologies in the USA.
In September 2024, Spectris plc, a UK-based instrumentation company, acquired Piezocryst Advanced Sensorics GmbH for €133.5 million ($146.04 million). This acquisition enhances Spectris's capabilities in the torque sensor market by integrating high-precision piezoelectric sensor technology, which is recognized for its durability and accuracy. This strategic move not only expands Spectris's market reach but also leverages its global sales network, enabling Piezocryst to penetrate new markets and foster innovation in torque measurement solutions. Piezocryst Advanced Sensorics GmbH is an Austria-based manufacturer specializing in piezoelectric sensors, including torque sensors.
Major companies operating in the torque sensor market include 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.
North America was the largest region in the torque sensor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global torque sensor market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Torque Sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
A torque sensor is a transducer designed to convert mechanical torque into an electrical signal. There are two primary types of torque sensors - reaction torque sensors and rotary torque sensors. These sensors find applications in various industries, including automotive, motorsports, aerospace, rail, and construction. Some common applications of torque sensors include drag torque measurement, precision mechanics, screwing technology, and testing tools.
The two main types of torque sensors are reaction torque sensors, which convert a reaction torque measurement into an electrical signal, and rotary torque sensors, which are frequently utilized in automotive engine testing, drive train measurements, electric motor testing, and gearbox testing. In terms of technology, major types of torque sensors include surface acoustic wave (SAW), optical, and magnetoelastic torque sensors. The automotive, industrial, aerospace and defense, and healthcare industries are among the major sectors where torque sensors find significant applications.
The torque sensor market research report is one of a series of new reports that provides torque sensor statistics, including torque sensor industry global market size, regional shares, competitors with torque sensor shares, detailed torque sensor segments, market trends and opportunities, and any further data you may need to thrive in the torque sensor industry. This torque sensor research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The torque sensor market consists of sales of reaction sensors, rotary sensors, and other torque sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Torque Sensor Market Characteristics3. Torque Sensor Market Trends and Strategies4. Torque Sensor Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Torque Sensor Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Torque Sensor Market34. Recent Developments in the Torque Sensor Market
5. Global Torque Sensor Growth Analysis and Strategic Analysis Framework
6. Torque Sensor Market Segmentation
7. Torque Sensor Market Regional and Country Analysis
8. Asia-Pacific Torque Sensor Market
9. China Torque Sensor Market
10. India Torque Sensor Market
11. Japan Torque Sensor Market
12. Australia Torque Sensor Market
13. Indonesia Torque Sensor Market
14. South Korea Torque Sensor Market
15. Western Europe Torque Sensor Market
16. UK Torque Sensor Market
17. Germany Torque Sensor Market
18. France Torque Sensor Market
19. Italy Torque Sensor Market
20. Spain Torque Sensor Market
21. Eastern Europe Torque Sensor Market
22. Russia Torque Sensor Market
23. North America Torque Sensor Market
24. USA Torque Sensor Market
25. Canada Torque Sensor Market
26. South America Torque Sensor Market
27. Brazil Torque Sensor Market
28. Middle East Torque Sensor Market
29. Africa Torque Sensor Market
30. Torque Sensor Market Competitive Landscape and Company Profiles
31. Torque Sensor Market Other Major and Innovative Companies
35. Torque Sensor Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Torque Sensor Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on torque sensor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for torque sensor? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The torque sensor market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Reaction Torque Sensor; Rotary Torque Sensor2) by Technology: Strain Gauge; Surface Acoustic Wave (SAW); Optical; Magnetoelastic
3) by Application: Automotive; Industrial; Aerospace and Defense; Healthcare
Subsegments:
1) by Reaction Torque Sensor: Static Torque Sensors; Dynamic Torque Sensors2) by Rotary Torque Sensor: Contact Rotary Torque Sensors; Non-Contact Rotary Torque Sensors
Key Companies Mentioned: ABB Group; Applied Measurements Ltd.; Crane Electronics Ltd.; FUTEK Advanced Sensor Technology Inc.; Honeywell International Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Torque Sensor market report include:- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 13.58 Billion |
| Forecasted Market Value ( USD | $ 25.56 Billion |
| Compound Annual Growth Rate | 17.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
