Torque Sensor Market Analysis

Global Torque Sensor Market Overview

Torque Sensor Market Size was valued at USD 7,200.05 Million in 2022. The Torque Sensor Market industry is projected to grow from USD 8,199.4 Million in 2023 to USD 23,584.43 million by 2032, exhibiting a compound annual growth rate (CAGR) of 12.6 % during the forecast period (2023 - 2032).

The Torque Sensor Market is rapidly growing due to rising need for electric power steering (eps) systems, growing demand for electric and hybrid vehicles. The automobile industry has seen tremendous transition in recent years, with technological developments changing various areas of vehicle design and performance. Electric power steering is one noteworthy invention that has become widely used (EPS). In contrast to conventional hydraulic power steering systems, EPS has been shown to be a more effective, responsive, and environmentally responsible substitute.

Additionally, depending on the driving situation, this system can be configured to offer varying degrees of steering assistance. For instance, assistance can be increased during parking maneuvers while decreasing at greater speeds to improve driver control. Advanced driver assistance systems like parking assistance and lane-keeping assistance can be integrated with EPS. This integration improves safety measures while also laying the framework for future advances in autonomous driving technologies.

Therefore, EPS has become a cornerstone in the goal of safer, more efficient, and comfortable transportation, with advantages ranging from energy efficiency to responsive driving dynamics. The function of EPS is expected to grow as the automotive industry innovates more, supporting the continuous development of the modern automobile. Thus, the growing demand for electric power systems propels the demand for torque sensors during the forecast period.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Torque Sensor Market Opportunity

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  EVOLUTION OF NEW TORQUE MEASUREMENT TECHNOLOGIES

  
  

Torque measuring is a significant advancement in the automobile industry. Torque measurement is required in a variety of applications, including engine gearbox testing, pump testing, turbine testing, and power measuring. Torque is an important element in the design of industrial and combustion motors. Furthermore, for any machine that achieves angular motion, torque measurement is essential. The machines become more efficient when torque sensing is used.  A technological breakthrough in the area of sensors has occurred that will almost surely attract the interest of machine designers seeking to monitor power in drive shafts and other rotating machine components.

Additionally, torque measurement in rotating shafts is a fundamental necessity in a wide range of applications. Torque measurement in manufacturing machinery and processes can help to reduce downtime and enhance product quality, and it is an important measurement in the battle to optimize energy efficiency. In applications such as belt conveyors, measuring shaft torque provides an effective way to monitor the power utilised to operate the conveyor, which can help to improve speed.

Further, several innovative torque measurement technologies have emerged in recent years, with magnetoelastic, optical, and SAW technologies being the most popular. The sensors based on these technologies have good linearity, considerable resolution, and fair electromagnetic noise immunity in addition to being lightweight and compact. SAW-based torque sensors' wireless and battery-free operations enable easy integration with current system designs and flexible packaging designs. Magnetoelastic torque sensors are perfect for automotive and aerospace applications because of their substantially greater frequency response and resistance to external factors. These properties would certainly allow these torque sensors to be used effectively in many of the torque applications that are now in us.; they would also create new opportunities for torque sensors during the forecast period.

Torque Sensor Market Component Segment Insights

Torque Sensor - Type Insights

Based on, the Torque Sensor Market segmentation includes Indicator- Dynamic Torque Sensor, Joint Torque Sensor, 6 axis force/torque sensor, 4 Axis force/torque sensor, Static Torque Sensor. The Dynamic Torque Sensor segment is expected to grow at 13.4% CAGR during the forecast period. In 2022, the Dynamic Torque Sensor segment held 40.0% of the Torque Sensor Market.

The Dynamic Torque Sensor is also known as a rotary sensor. Dynamic torque is torquing those changes over time and is measured in a variety of sectors such as engine and motor vibration and impact torque measurement using hand torque tools. One face is attached to the ground or a rigid structural member, and the other to the rotating shaft or rotary element. Rotation causes shear stresses between the flanges, which are recorded by the foil strain gauges connected to the sensor beams and converted into electrical current by the Wheatstone bridge. The elastomer recorded by the dynamic torque sensor is often involved in relative motion (mostly rotation). Because of the relative motion, the overall design necessitates stringent criteria for lead/signal processing and mechanical connection mode. Shaft-to-shaft couplings or flanged-to-flange elastic connectors are commonly utilized. Rotary torque sensors can be used to make electric (pneumatic, hydraulic) torque wrenches and viscometers. Its advantages include high precision, rapid frequency response, dependability, and long life.

Torque Sensor Market Installation Type Segment Insights:

Torque Sensor Configuration Insights

Based on Configuration, the Torque Sensor Market has been segmented into Wired Torque Sensor, and Wireless Torque Sensor. The Wired Torque Sensor is expected to grow at 9.9% CAGR during the forecast period. In 2022, the new installation segment held an 71.2% share of the Torque Sensor Market.

Wired torque sensor is connected via cable. The sensor can be hardwired or connected via a small connector. It determines the torque, or twisting force, applied to an object. Wired torque sensors are widely used in a variety of applications, including automotive, industrial, and medical. A wired torque sensor is a dependable and exact technique of detecting torque. They are available in a variety of sizes and can be used to measure torque in both static and dynamic applications.

Figure2: Torque Sensor Market, by Configuration, 2022 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Torque Sensor Market Segment Insights:

Torque Sensor Technology Insights

Based on Technology, the Torque Sensor Market has been segmented into Surface Acoustic Wave, Magnetoelastic, Optical, and Strain Gauge. The Strain Gauge segment is expected to grow at 6.5% CAGR during the forecast period. In 2022, the headlamps segment held 37.6% of the Torque Sensor Market.

A strain gauge converts torque into an electrical signal. When torque is applied, the sensor is bonded to a rotating shaft, which deforms. In general, four strain gauges are connected to the spinning shaft using a Wheatstone bridge circuit. They are properly aligned with the shaft axis, with gauges 1 and 3 diametrically opposed, as must gauges 2 and 4. When torque is given to a shaft, it twists in the direction of rotation, resulting in shear strain. This results in gauges 1 and 3 elongating and gauges 2 and 4 compressing. These strain gauge modifications cause an increase in circuit resistance due to tensile strain created by one set of gauges and a decrease in circuit resistance due to compression strain caused by the other pair. This provides an imbalanced bridge with an electrical output proportional to the applied torque.

Torque Sensor Market Segment Insights:

Torque Sensor Application Insights

Based on application, the Torque Sensor Market has been segmented into Robotics, Engines, Automotive safety system, Assembly welding, Aircraft flight control, medical devices, and Others. The Engines segment is expected to grow at 12.8% CAGR during the forecast period. In 2022, the headlamps segment held 21.70% of the Torque Sensor Market.

Rotary torque sensors are used to detect strain, test clutches and gearboxes, and monitor dynamic torque within the engine. Furthermore, torque sensors, which are also used to monitor horsepower, are utilised to test powertrain, braking, and suspension systems in order to improve fuel efficiency. Many automakers utilise in-vehicle torque sensors to map engine torque and calibrate automatic transmissions. Engine torque, for example, can be difficult to measure. One method is to add instruments to the flywheel, which connects the engine's crankshaft to a torque converter. Another challenging use of torque measuring in the automobile industry is torque measurement in CV (constant velocity) joints. The CV joint enables a driveshaft to transmit power at a steady rotational speed through a varied angle with minimal friction increase. However, due to space limits, these torque measurements can be difficult to obtain. However, manufacturers have workarounds.

Torque Sensor Market Segment Insights:

Torque Sensor Industry Vertical Insights

Based on Industry Vertical, the Torque Sensor Market has been segmented into Automotive, Industrial, Test & Measurement, Aerospace & Defense, Healthcare, and Others. The Automotive segment is expected to grow at 17.0% CAGR during the forecast period. In 2022, the front segment held 32.0% of the Torque Sensor Market.

Torque sensors have been employed in a variety of applications in the automotive sector. Torque sensors are used in fleet and customer-use testing to capture data under normal (or unusual in the event of an accident) conditions. Torque measuring is becoming more common in the automobile industry because of trends towards electrical power steering and condition-based maintenance. Rotary torque sensors are used to detect strain, test clutches and gearboxes, and measure dynamic torque within engines. Furthermore, torque sensors, which are also used to monitor horsepower, are utilised to test powertrain, braking, and suspension systems in order to improve fuel efficiency. A rotary torque sensor, named after Newton's third law of physics, is used to measure torque in line with a rotating shaft, whereas a response torque sensor, named after Newton's third rule of physics, measures the amount of force required to stop a motor from turning. In the automotive sector, both types are employed.

Torque Sensor Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In terms of revenue, Asia-Pacific held the largest share of 33.0% in the Torque Sensor Market in 2022 and is expected to maintain its dominance during the forecast period.

The presence of key players and a focus on infrastructure development in the region contribute to market growth. Countries such as Japan, South Korea, China, and India are quickly automating their industrial sectors to boost production efficiency and meet industry demands. Furthermore, the industrial automation and robotics industries are seeing an increase in the deployment of rotational torque sensors, which is pushing the market. In India, the automotive sector dominates the market for torque sensors. Electric cars (EVs) now account for less than 1% of overall vehicle sales in India, according to Catapult Organisations report 2021. Furthermore, favourable government regulations and hefty investments by manufacturers are likely to drive up demand for torque sensors in the Indian automobile industry.

Furthermore, global demand for industrial robots is increasing at a rate of 46% per year, with the global robotics industry expected to reach USD 248.5 billion by 2025. Such data demonstrate the increasing need for torque solutions in the industrial automation industry, with Japan serving as the market's key aggregator. China's industrial robotics market is expected to grow by 9.5% by 2020, indicating higher demand for torque sensors. Furthermore, according to the country's five-year plan approved earlier this year, the Chinese government plans to increase domestic enterprises' market share from 30-40% to 70% by 2025.

Figure3: TORQUE SENSOR MARKET SIZE BY REGION 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil and others.

North America, consisting of the US, Canada, and Mexico, stands at the forefront of technological innovation in torque sensor market. The North American torque sensor market is growing due to several factors. Firstly, there is an increasing emphasis on tracking the effectiveness of various systems, including machines, motors, and engines in the region, which has led to a higher demand for torque sensors across various industries. These sensors play a crucial role in Robotics, Engines, Automotive safety system, Assembly & welding, Aircraft flight control, and medical devices.

The European torque sensor market has been analyzed across key countries, including the United Kingdom, Germany, France, Spain, and rest of the Europe. The European torque sensor market is experiencing robust growth, driven by a confluence of factors that reflect the region's commitment to research, development, production, and technological innovation. One of the primary drivers of this growth is the continent's unwavering focus on torque and force measurement which are applied in research, development, and production. The development of contactless hall effect devices for electric power steering is a major industry trend in Europe. Such technologies are largely employed in electric power-assisted steering applications, allowing for the measurement of the angle change between two spinning shafts and the optimisation of steering force. Through the use of electric steering systems, electronic torque transducers in power steering aid to boost vehicle fuel efficiency.

The torque sensor market in the Middle East and Africa (MEA) region is growing rapidly due to advancements in technology and the increasing reliance on precise torque measurement in various industries. Torque sensors are used in applications such as automotive, medical device, aerospace, manufacturing to quantify the amount of twisting or turning force exerted on a shaft, component, or assembly. The automotive vertical is predicted to play an important role in the growth of the torque sensor market in this region due to large-scale manufacturing and major investments in new vehicle technologies.

The torque sensor market in South America is expanding rapidly due to a number of factors. The region's fast industrialization and automation across multiple industries has increased demand for torque sensors, which are critical for measuring and recording torque, or rotational force, on gearboxes, crankshafts, engines, and other rotating elements. The automotive sector is the main consumer of torque sensors in South America. South America is a large producer of oil and gas, and this industry is also a major consumer of torque sensors. Brazil is South America's largest market for torque sensors. Many big manufacturers are expanding their distribution networks to reach new clients in the region.

Torque Sensor Key Market Players & Competitive Insights

The Torque Sensor Market is characterized by the presence of many regional and local vendors. The regional market is highly competitive, with all the players competing to gain a larger market share. The vendors compete based on cost, product quality, reliability, and aftermarket services. Therefore, vendors globally provide cost-effective and efficient products to survive and succeed in a competitive market.

ABB​, Honeywell International Inc​, Infineon Technologies AG ​, Crane Electronics ​, Applied Measurements Ltd​, Kistler Group ​, Norbar Torque Tools,  ​Sensor Technology Ltd​, and vHBK are the major players in the market, competing in terms of a variety of applications of global Torque Sensor and their components, as well as efficiency, reliability, affordability, and advanced technology. The primary focus of global players is to provide advanced products to aid in increasing adoption, which could help strengthen a country's growth with advanced products. Although global players dominate the market, a few other local players with a limited market share also have a prominent presence in this market.

The major players would look to strengthen their country's presence through mergers & acquisitions of local and regional players. They are expected to expand their presence and solutions in the above countries during the forecast period. Therefore, vendors globally develop new technologies to stay at par with emerging technology trends that could affect the competitiveness of their product lines in the market.

Key Companies in the Torque Sensor Market include

• ABB​


• Honeywell International Inc​


• Infineon Technologies AG ​


• Crane Electronics ​


• Applied Measurements Ltd​


• Kistler Group ​


• Norbar Torque Tools ​


• Sensor Technology Ltd​


• HBK ​


• Futek Advanced Sensor Technology Inc​


• Teledyne Technologies Inc. ​


• Datum Electronics Ltd​


• MagCanica Inc. ​


• AIMCO ​


• TE Connectivity ​


• ATI Industrial Automation Inc​


• Unipulse corporation


• Other Players

Torque Sensor Industry Developments

• In October 2023- Kistler launched a new KVC 621 SE compact automated testing system for mass-produced stamped parts. This system's width is 600 millimetres and fast throughput times. By this system, 4,000 parts passes through each minute.


• In August 2023- ATI Industrial Automation announced that its Multi-Axis Force/Torque Sensors are compatible with FANUC's robots and Force Control Software. ATI said its F/T Sensors “provide accurate measurements of forces and torques in multiple axes, enabling robots to have a sense of touch and allowing them to perform delicate tasks with dexterity.”


• In March 2023- Sensor Technology Ltd launched a new TorqSense SGR 510/520 torque sensor low-capacity model of Sensor Technologies. The SGR 510/520 torque sensors cover capacities from 0.2Nm to 1Nm and offer a range from 0.2Nm to 13,000Nm.


• In October 2022- Infineon launched a new sensor kit XENSIV connected (CSK), a new IoT sensors platform for prototyping and development of customized IoT solutions. The CSK is based on a combination of XENSIV sensors with power-efficient and high-performance processing for advanced use cases based on the PSoC 6 microcontroller, this reduces the time-to-market of IoT products.

Torque Sensor Market Segmentation

Torque Sensor Type Outlook

• Dynamic Torque Sensor


• Joint Torque Sensor


• 6 axis force/torque sensor


• 4 Axis force/torque sensor


• Static Torque Sensor

Torque Sensor Configuration Outlook

• Wired Torque Sensor


• Wireless Torque Sensor

Torque Sensor Application Outlook

• Robotics


• Engines


• Automotive safety system


• Assembly welding


• Aircraft flight control


• Medical devices


• Others

Torque Sensor Technology Outlook

• Surface Acoustic Wave


• Magnetoelastic


• Optical


• Strain Gauge

Torque Sensor Industry Vertical Outlook

• Automotive


• Industrial


• Test & Measurement


• Aerospace & Defense


• Healthcare


• Others

Torque Sensor Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • UK
  
  
  • Germany
  
  
  • France
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia Pacific
  
  
  
  


• Middle East & Africa


• South America