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.
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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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