Rotating Torque Sensors Market, Global Outlook and Forecast 2024-2030
The global Rotating Torque Sensors market size was valued at US$ 456.7 million in 2024 and is projected to reach US$ 678.9 million by 2030, at a CAGR of 6.8% during the forecast period 2024-2030.
The United States Rotating Torque Sensors market size was valued at US$ 123.4 million in 2024 and is projected to reach US$ 178.5 million by 2030, at a CAGR of 6.3% during the forecast period 2024-2030.
Rotating Torque Sensors are precision instruments that measure rotational force in machinery and equipment, essential for performance monitoring and control.
The global market is growing steadily, driven by industrial automation and quality control requirements. In 2023, unit sales reached 250,000 globally, with manufacturing sector accounting for 45% of demand. The market saw a 35% increase in wireless sensor adoption in 2023. Static torque sensors dominate with a 60% market share, while dynamic sensors are growing at 12% annually. Europe leads with a 40% market share, while Asia Pacific is the fastest-growing region at 7.5% CAGR. The industry is focusing on developing digital integration capabilities, with a 40% growth in R&D investments for Industry 4.0 compatibility.
Report Overview
A torque sensor, torque transducer or torque meter is a device for measuring and recording the torque on a rotating system, such as an engine, crankshaft, gearbox, transmission, rotor, a bicycle crank or cap torque tester. This report mainly studies Rotating Torque Sensors market.
This report provides a deep insight into the global Rotating Torque Sensors market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Rotating Torque Sensors Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Rotating Torque Sensors market in any manner.
Global Rotating Torque Sensors Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
HBM
Futek
Applied Measurements
ETH-messtechnik
Lorenz Messtechnik
Burster
Mountz
Scaime
Kistler
Hitec
Market Segmentation (by Type)
Contact-based sensing
Noncontact-based sensing
Market Segmentation (by Application)
Automotive
Aerospace
Marine
Industrial Machinery
Others
Geographic Segmentation
