Torque Sensor Market is expected to reach $5.8 Billion by 2028- An exclusive market research report by Lucintel

Lucintel’s latest market report analyzed that torque sensor provides attractive opportunities in the test & measurement, automotive, industrial, and aerospace & defense sectors. The torque sensor market is expected to reach $5.8 billion by 2028 with a CAGR of 8.5%. In this market, rotary torque sensor is the largest segment by sensor type, whereas automotive is largest by application.

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Based on sensor type, the torque sensor market is segmented into rotary torque sensor and reaction torque sensor. The rotary torque sensor segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing application of these sensors in vehicle engine testing, electric motor testing, dynamometer testing, and gearbox testing.

Browse in-depth TOC on “Torque Sensor Market”

100 – Figures/Tables

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The Torque Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering torque sensor include PCB Piezotronics, Kistler Instrumente, Crane Electronics, Honeywell, MagCanica, and Datum Electronics.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected] 
Tel. 972.636.5056

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