What is the current Torque Sensor Market size?

The Torque Sensor Market is projected to register a CAGR of 9.68% during the forecast period (2024-2029) Read More

Who are the key players in Torque Sensor Market?

ABB Ltd, Crane Electronics Ltd, HBK Benelux (Spectris PLC), Applied Measurements Ltd and Honeywell International are the major companies operating in the Torque Sensor Market. Read More

Which is the fastest growing region in Torque Sensor Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Torque Sensor Market?

In 2024, the Asia-Pacific accounts for the largest market share in Torque Sensor Market. Read More

What years does this Torque Sensor Market cover?

The report covers the Torque Sensor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Torque Sensor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Torque Sensor Market Share

Statistics for the 2023 & 2024 Torque Sensor market share, created by Mordor Intelligence™ Industry Reports. Torque Sensor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Torque Sensor Industry

The torque sensors market is fragmented and highly competitive due to several vendors, including ABB Ltd., Crane Electronics Ltd, Applied Measurements Ltd, Crane Electronics Ltd, and Honeywell International. Most of the companies concentrate their efforts on the development of torque sensors for multiple applications.

April 2021 - Datum Electronics Ltd has partnered with Nautils Labs to provide shipowners, operators, technical managers, and charterers with a comprehensive vessel digitalization and predictive decision support solution.
January 2020 - TE Connectivity (TE) designed a safety torque sensor with integrated and improved functional safety, including increased accuracy and speed, in advance human-robot collaboration to address the growing demand for safe and collaborative robots in manufacturing.