The global torque sensor market is largely driven by the automotive industry, as torque sensors are widely used in various automobile components for torque measurement. Rising demand for high-performance vehicles, adoption of conditional maintenance systems, penetration of electric power assisted steering (EPAS) systems, and increasing focus on automotive safety and testing are some of the major factors that drive the growth of the global torque sensor market in the automotive industry. High-capacity torque sensors with a capacity of more than 1000 Nm will be the fastest growing capacity segment in the global torque sensor market during the forecast period. Compliance with machine safety regulations worldwide is a major challenge for torque sensor manufacturers, along with the high cost of manufacturing of these sensors. The growing technological advances across industries and increasing penetration of industrial automation and robotics have generated the need for wireless compatibility in torque sensors. Torque sensor manufacturers across the globe are focusing on the development of new and innovative products to increase their market footprint and to penetrate into newer applications across industries.

PART 01: Executive summary ............................................ 5

Highlights 5

PART 02: Scope of the report ............................................ 6

Market overview 6

PART 03: Market research methodology ........................... 9

Research methodology 9

Economic indicators 9

PART 04: Introduction ....................................................... 10

Key market highlights 10

Torque sensor 10

EPAS system 11

PART 05: Market landscape .............................................. 13

Market overview 13

Market size and forecast 14

Five forces analysis 17

PART 06: Market segmentation by capacity ................... 18

PART 07: Geographical segmentation ............................. 22

Overview 22

Torque sensor market in APAC 24

Torque sensor market in EMEA 25

Torque sensor market in Americas 27

PART 08: Market drivers ................................................... 29

Rise in demand for high-performance vehicles in

automotive industry 29

Penetration of EPAS systems in automobiles 30

Growth of industrial automation and robotics 31

Increased demand for torque sensors in oil and gas

industry 32

PART 09: Impact of drivers ............................................... 33

PART 10: Market challenges ............................................. 34

High initial capital investment 34

Compliance with safety standards 34

Complexity in design 35

PART 11: Impact of drivers and challenges .................... 36

PART 12: Market trends .................................................... 37

Inception of new and innovative torque sensors 37

Compliance with quality standards 39

Rise in demand for wireless connectivity in torque

sensors 40

PART 13: Vendor landscape ............................................. 41

Competitive scenario 41

PART 14: Key vendor analysis ......................................... 42

PART 15: Appendix ........................................................... 55

List of abbreviations 55

PART 16: Explore Technavio ............................................ 56