Last Updated: 23-07-2025 | Format: PDF | Report ID:11492 | Author: Clara
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | Revenue (USD Million) |
| What is the projected market size by 2035? | $900 Million |
| What is the market CAGR from 2025 to 2035? | 8.2% |
| Which region dominates the market? | East China (42%) |
| Which product/service type dominates the market? | Rotary Torque Sensors (38%) |
| Which application leads the market? | Automotive (44%) |
| Who are the major buyers? | OEMs (34%), Automotive Manufacturers (25%) |
| What are the key market growth drivers? | Increased adoption of electric vehicles (EVs) driving demand for high-precision torque sensing in automotive manufacturing; Rapid industrial automation and smart factory expansion in China |
| What are the major market challenges? | Intense price competition with domestic and international suppliers impacting profit margins; Technical complexity in integrating advanced strain gauge and magnetoelastic sensors within legacy industrial systems |
| What is the forecast period? | 2026–2035 |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| Who are the key market players? | Honeywell International Inc., ABB Ltd., Siemens AG, HBM (Hottinger Brüel & Kjær), Futek Advanced Sensor Technology Inc., Crane Electronics Ltd., Kistler Instrumente AG, Applied Measurements Ltd., S. Himmelstein and Company, Magtrol Inc., Nanjing Chushengweiye Technology Co., Ltd., Transcell Technology Inc., Lorenz Messtechnik GmbH, Mountz Torque, Others |
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