Lucintel Forecasts Torque Sensor Market To Grow At A Cagr Of 7% To 9% From 2020 To 2025

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According to the recent study the torque sensor market is projected to grow at a CAGR of 7% to 9% from 2020 to 2025. Growth in this market is primarily driven by growing importance of torque measurement, increasing demand for advanced high-performance vehicles, inclination towards condition-based maintenance, and the need for better fuel efficiency.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in torque sensor market by sensor type (rotary torque sensors and reaction torque sensors), technology (surface acoustic wave, magnetoelastic, optical, and strain gauge), end use industry (test & measurement, automotive, industrial, aerospace & defense, and others), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/torque-sensor-market.aspx

“Rotary torque sensor market is expected to remain the largest segment during the forecast period.”
Based on sensor type, the torque sensor market is ...
... segmented into rotary torque sensors and reaction torque sensors. Lucintel forecasts that the rotary torque sensor market is expected to remain the largest segment due to the benefits offered by rotating meters, which include low electrical noise, high stiffness, high RPM ratings, and increased response times.
“Within the torque sensor market, the automotive segment is expected to remain the largest application.”
Based on application the automotive segment is expected to witness the highest growth over the forecast period due to rising implementation of these components in electric vehicles, steering systems, and dynamometers.
“Asia pacific will dominate the torque sensor market in near future.”
Asia Pacific will remain the largest region over the forecast period due to growth of the automotive industry.
Download Brochure of this report by clicking on https://www.lucintel.com/torque-sensor-market.aspx
Major players of torque sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. PCB Piezotronics Inc., Kistler Instrumente AG, Crane Electronics Ltd., Honeywell International Inc., MagCanica, and Datum Electronics Ltd. are among the major torque sensor providers.
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 https://www.lucintel.com/torque-sensor-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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