Torque Sensor Market to Reach $24.7 Billion by 2029 at 16.6% CAGR

 With a focus on usability, this report equips professionals with the latest industry insights to stay ahead in the competitive torque sensor market.

 

 What Is The Projected Market Size & Growth Rate Of The Torque Sensor Market?
 The torque sensor market size has grown rapidly in recent years. It will grow from $11.31 billion in 2024 to $13.38 billion in 2025 at a compound annual growth rate (CAGR) of 18.3%. The growth in the historic period can be attributed to automotive industry demand, industrial automation, renewable energy growth, aerospace and defense applications, space exploration.
 
 The torque sensor market size is expected to see rapid growth in the next few years. It will grow to $24.7 billion in 2029 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to electric vehicle expansion, industry 4.0 and iot adoption, robotic automation, emerging healthcare technologies, smart grid implementation. Major trends in the forecast period include miniaturization and integration, industry 4.0 and iot integration, non-contact torque sensing, digital calibration and self-diagnostics, wireless torque sensing.
 
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 What Is The Crucial Factor Driving The Global Torque Sensor Market?
 The increasing adoption of electric vehicles is contributing to the growth of the torque sensor market. Electric automotive manufacturers use torque sensors for measuring drive and braking torque and efficiency. As of 2020, there were 10 million electric vehicles on the roads globally. For instance, in January 2024, according to Eurostat, a Luxembourg-based government agency, in 2022 reached nearly 3.0 million, representing a 55% increase compared to the 1.9 million recorded in 2021. Therefore, the growing demand for electric vehicles is driving the growth of the torque sensor market. 
 
 Segment Covered In The Torque Sensor Market Report
 The torque sensor market covered in this report is segmented — 
 
 1) By Type: Reaction Torque Sensor, Rotary Torque Sensor 
 2) By Technology: Strain Gauge, Surface Acoustic Wave (SAW), Optical, Magnetoelastic
 3) By Application: Automotive, Industrial, Aerospace and Defense, Healthcare
 
 Subsegments:
 1) By Reaction Torque Sensor: Static Torque Sensors, Dynamic Torque Sensors 
 2) By Rotary Torque Sensor: Contact Rotary Torque Sensors, Non-Contact Rotary Torque Sensors
 
 Key Trends Driving Growth In The Torque Sensor Market
 Technology advancements are a key trend gaining popularity in the torque sensor market. For instance, in June 2024, Hottinger Bru¨el & Kjær (HBK), a Denmark-based technology company, launched the next-generation torque sensor. The T110/100 torque sensor, integrated telemetry and a one-size-fits-all flexible stator, represents an important milestone offering new possibilities for helping engineers overcome test bench and measurement challenges, in particular for powertrain testing and especially for electric vehicles. 
 
 Key Player In The Torque Sensor Market
 Major companies operating in the torque sensor market include ABB Group, Applied Measurements Ltd., Crane Electronics Ltd., FUTEK Advanced Sensor Technology Inc., Honeywell International Inc., Kistler Group, MagCanica Inc., Datum Electronics Limited, Hottinger Baldwin Messtechnik GmbH, PCB Piezotronics Inc., Interface Inc., TE Connectivity Ltd., Bota Systems, HITEC Sensor Solutions, Mountz Inc., S. Himmelstein & Company, Transense Technologies plc, ATI Industrial Automation Inc., HBK Benelux, Sensor Technology Ltd., Norbar Torque Tools Ltd., Magtrol SA, Scaime SAS, Lorenz Messtechnik GmbH, KTR Systems GmbH, Manner Sensortelemetrie GmbH, RDP Electronics Ltd. 
 
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 Global Torque Sensor Market — Regional Insights:
 North America was the largest region in the torque sensor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the torque sensor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
 
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