Torque Sensor Market - By Type (Rotary Torque Sensor, Reaction Torque Sensor), By Technology (Surface Acoustic Wave, Optical, Strain Gauge, Others), By Application (A&D, Automotive, Testing & Measurement, Healthcare), Forecast 2023 – 2032

Torque Sensor Market Size

Torque Sensor Market was valued at over USD 7 billion in 2022 and is estimated to register a CAGR of over 6% between 2023 and 2032. The automotive industry is a primary driver of the industry expansion. As the automotive sector continues to evolve and embrace electric vehicles (EVs), hybrid vehicles, and advanced driver assistance systems (ADAS), the need for precise torque measurement will continue to surge. Torque sensors are instrumental in these developments, facilitating the testing & quality control of critical components such as engines, transmissions, and electric power steering systems. In EVs, where electric motors replace traditional engines, torque sensors play a pivotal role in monitoring and controlling motor performance. Additionally, ADAS relies on torque sensors to provide accurate data for functions such as lane-keeping assist, adaptive cruise control, and autonomous driving.
 

Torque sensors are specialized devices designed to measure and record the twisting or rotational force, known as torque, applied to an object. Torque is a critical parameter in numerous mechanical & industrial applications, as it determines the rotational movement of components, helps maintain quality control in manufacturing, and enables safety features in various systems. In the automotive sector, torque sensors are used extensively for various purposes including engine & transmission testing, suspension & steering control, and the monitoring of powertrain components. They play an essential role in quality control, ensuring vehicle components meet rigorous performance standards.
 

The torque sensor market, like any industry, faces challenges and restraints that can impact its growth & development. Torque sensors, especially high-precision & specialized variants, can be expensive to purchase and install. The high initial investment required for torque sensors can deter cost-sensitive industries or smaller businesses from adopting this technology, limiting market growth. Many industries, particularly those that rely on mass production or low-cost manufacturing, are highly price sensitive. They may be hesitant to invest in torque sensors due to cost concerns. Manufacturers of torque sensors must balance the need for precision with affordability to remain competitive.
 

COVID-19 Impact

The COVID-19 pandemic disrupted supply chains worldwide, affecting the availability of torque sensor components and materials. Torque sensor manufacturers faced delays in production and challenges in sourcing essential parts, which impacted product delivery and increased costs. The demand for torque sensors in certain sectors, particularly automotive & aerospace, decreased as lockdowns and economic uncertainties led to reduced manufacturing and consumer spending. Meanwhile, some industries such as healthcare experienced an increased demand for medical devices and equipment that incorporate torque sensors. Thus, the torque sensor market witnessed a shift in focus. With the pandemic highlighting the need for remote monitoring and predictive maintenance, there was an increased interest in torque sensors for specific purposes, especially in industrial automation.
 

Torque Sensor Market Trends

A significant trend in the torque sensor industry is the ongoing advancements in miniaturization and integration of torque sensors. Manufacturers are developing compact & lightweight sensors that can be seamlessly integrated into various applications, even in constrained spaces. This trend is driven by the need for precision torque measurement in portable & consumer devices as well as the growing demand for miniaturized sensors in automotive, robotics, and aerospace applications. The miniaturization of torque sensors reduces their footprint and enhances their compatibility with a broader range of systems, opening up new possibilities for torque measurement in smaller & more mobile devices.
 

The adoption of smart manufacturing principles including Industry 4.0 practices is a dominant trend in the torque sensor industry. Industry 4.0 emphasizes connectivity, data analytics, and automation in manufacturing processes. Torque sensors play a pivotal role in this ecosystem by providing real-time data on the performance of machinery and equipment. This enables predictive maintenance, improves process efficiency, and ensures product quality. The integration of torque sensors with the Industrial Internet of Things (IIoT) is enabling remote monitoring & control, reducing downtime and optimizing manufacturing operations. As industries continue to embrace the benefits of smart manufacturing and data-driven decision-making, the demand for torque sensors that support such initiatives is on the rise.
 

Torque Sensor Market Analysis

Based on application, the market is segmented into aerospace & defense, automotive, testing & measurement, healthcare, and others. The automotive segment held a market share of over 6% in 2022 and is estimated to grow over the forecast period.
 

• Torque sensors are extensively used in engine testing applications. They measure and analyze the torque output of engines to assess performance, efficiency, and emissions. Accurate torque measurements are essential for optimizing engine design and calibration, ensuring that vehicles meet the regulatory standards and environmental requirements.
   
• In the automotive sector, torque sensors are employed for transmission testing. They evaluate the efficiency and durability of transmissions in different driving conditions, ensuring smooth gear changes and the overall reliability of the transmission system.
   
• Electric power steering systems rely on torque sensors to detect the driver's steering input and provide an appropriate level of assistance. Torque sensors ensure precise and responsive steering, contributing to driver comfort and vehicle safety.

Based on type, the market is segmented into rotary torque sensor and reaction torque sensor. The rotary torque sensor segment dominated the market with a revenue of over USD 3 billion in 2022.
 

• The automotive industry is a significant factor driving the growth of rotary torque sensors, particularly in applications related to engine and powertrain testing.
   
• As the automotive sector continues to evolve with the increasing adoption of EVs and hybrid vehicles, the demand for precise torque measurement will surge. Rotary torque sensors play a vital role in testing and quality control, ensuring the reliability & efficiency of EV components, transmissions, and powertrain systems.
   
• The growing emphasis on industrial automation including robotics is driving the demand for rotary torque sensors. These sensors are essential for monitoring & controlling the precise movements of robotic arms and machinery, ensuring safety & accuracy in automated processes.
   
• Industries such as manufacturing, warehousing, and logistics rely on robotics for increased efficiency & productivity, further fueling the demand for rotary torque sensors.

Asia Pacific torque sensor market is anticipated to witness a CAGR of over 7% during the forecast period. APAC is home to numerous manufacturing powerhouses including China, Japan, South Korea, and India. The regional industrial sector is majorly fueling torque sensor demand, especially in automotive, electronics, and machinery manufacturing. As these industries expand, the need for torque sensors for quality control and process optimization increases. The electronics and robotics sectors are thriving in APAC. Torque sensors are essential for robotics, automation, and industrial control systems. The growth of these industries is propelling the demand for torque sensors in the region. Countries in APAC are investing in renewable energy sources, particularly wind and solar power. Torque sensors are crucial in wind turbines for monitoring rotor and generator performance. As the shift to clean energy gains momentum, torque sensors will continue to be in demand.
 

Torque Sensor Market Share

The torque sensor industry is highly competitive owing to the presence of key players such as:

• ABB Limited
• A&D Company, Limited
• Applied Measurements Limited
• Crane Electronics Ltd.
• FUTEK Advanced Sensor Technology, Inc.
• Honeywell International Inc.
• HBM Test and Measurement
• Hottinger Baldwin Messtechnik GmbH (HBM)
• Kistler Group
• KTR Systems GmbH
• Mountz, Inc.
• Sensor Technology Ltd.
• SensorData Technologies, Inc.
• TE Connectivity

Significant investments in R&D to gain technological competitiveness and aggressive business strategies including technological launches, collaborations & long-term agreements with clients to capture market share are positively impacting market growth.

Torque Sensor Industry News

• In January 2022, ABB announced plans to launch smart sensors for rotating machines operating in hazardous areas at Hannover Messe 2020. This new generation of smart sensors provides high-quality data to enable ABB’s advanced analytics to be used in dangerous locations. This product launch extended the existing scope of applications for ABB smart sensors with new-generation designs for hazardous areas.
   

The torque sensor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion and units) from 2018 to 2032, for the following segments:

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Market, By Type

• Rotary Torque Sensor
• Reaction Torque Sensor

Market, By Technology

• Surface Acoustic Wave (SAW)
• Optical
• Strain Gauge
• Others

Market, By Application

• Aerospace & Defense
• Automotive
• Testing & Measurement
• Healthcare
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • GCC
  • South Africa
  • Rest of MEA