Table of Contents
Torque Sensor Market Overview
The global torque sensor market is poised for steady growth, supported by increasing adoption in automotive, aerospace, and industrial automation applications. The market is estimated to reach approximately USD 13.0 billion by 2033, expanding at a CAGR of 6.40% from 2024 to 2033. This growth is being driven by rising demand for precise torque measurement in electric vehicles, robotics, and manufacturing systems, along with advancements in sensor technology that improve accuracy and durability under varied operational conditions.
The torque sensor market refers to the sector providing devices designed to measure rotational force – known as torque – in mechanical systems. These sensors are essential components in industries such as automotive, industrial automation, renewable energy, and healthcare. Their primary role is to ensure performance accuracy, enhance safety, and enable precise control in motors, gearboxes, robotic arms, and wind turbines.
Market growth is primarily driven by the automotive industry’s shift to electric and hybrid vehicles. Torque sensors support systems such as electric power steering, regenerative braking, and powertrain control, responding to the global transition toward electrified vehicles. Likewise, industrial automation and robotics demand precise torque feedback for assembly lines, collaborative robots, and process monitoring . The renewable energy movement also contributes to demand, particularly in wind turbines where torque measurement ensures efficient rotor operation.
Market Scope and Forecast
| Report Features | Description |
|---|---|
| Market Value (2023) | USD 7.0 Bn |
| Forecast Revenue (2033) | USD 13.0 Bn |
| CAGR (2024-2033) | 6.40% |
| Base Year for Estimation | 2023 |
| Historic Period | 2019-2022 |
| Forecast Period | 2024-2033 |
Key Insights Summary
- The global torque sensor market is projected to reach USD 13.0 billion by 2033, rising from USD 7.0 billion in 2023, at a steady CAGR of 6.40% from 2024 to 2033, driven by growing demand across automotive and industrial sectors.
- In 2023, the rotary torque sensors segment dominated with over 58.9% share, owing to their widespread use in dynamic torque measurement applications.
- The automotive segment led with more than 35.0% share, as torque sensors became essential in improving efficiency, safety, and performance of modern vehicles.
- The Asia-Pacific region accounted for the largest market share at 39.5%, generating approximately USD 2.7 billion in revenue, supported by strong industrial growth and automotive production.
Regional Analysis
In 2023, the Asia-Pacific region emerged as the leading market, accounting for over 39.5% share and generating revenues of about USD 2.7 billion. The regional dominance is attributed to rapid industrialization, strong automotive production capabilities, and increasing investments in smart factory initiatives. Growing emphasis on energy efficiency and quality control across industries in countries such as China, Japan, and South Korea continues to enhance the uptake of torque sensors across diverse end-use sectors.
Key Player Analysis
Honeywell International Inc., Siemens AG, and TE Connectivity Ltd. lead the torque sensor market with advanced products and strong R&D. They focus on high-accuracy sensors and digital integration to meet demands from automotive, aerospace, and industrial sectors. Strategic collaborations with OEMs and innovative solutions help maintain their global competitiveness and address diverse industrial applications.
Hottinger Brüel & Kjaer GmbH, Kistler Group, and FUTEK Advanced Sensor Technology, Inc. excel in precision torque measurement with reliable, durable sensors. They invest in wireless and miniaturized technologies aligned with Industry 4.0. Their focus on data analytics and smart manufacturing supports growing demand for dynamic and static torque monitoring in critical industrial environments.
Crane Electronics Ltd., Magtrol Inc., Omega Engineering, Inc., and Althen Sensors and Controls strengthen the market with niche, customized solutions. They emphasize flexibility and digital-ready sensors for energy, marine, and medical industries. Regional and smaller players also contribute by addressing specific customer needs with competitive pricing and targeted technical support in emerging markets.
Top Key Players in the Market
- Honeywell International Inc.
- Kistler Group
- TE Connectivity Ltd.
- Siemens AG
- Hottinger Brüel & Kjaer GmbH
- Crane Electronics Ltd.
- FUTEK Advanced Sensor Technology, Inc.
- Magtrol Inc.
- Omega Engineering, Inc.
- Althen Sensors and Controls
- Other Key Players
Key Market Segments
By Sensor Type
- Rotary Torque Sensors
- Reaction Torque Sensors
By End-Use Industry
- Automotive
- Aerospace and Defense
- Industrial
- Healthcare
- Other End-Use Industries
Conclusion
In conclusion, the torque sensor market is undergoing sustained expansion propelled by electric mobility, industrial automation, and clean energy agendas. Technological innovation, alignment with regulatory safety standards, and integration into Industry 4.0 frameworks are defining its evolution. Companies that focus on delivering high-accuracy, smart torque solutions stand to gain as these megatrends deepen across global industries.
Report Scope
| Base Year for Estimation | 2023 |
| Historic Period | 2019-2022 |
| Forecast Period | 2024-2033 |
| Report Coverage | Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments |
| Segments Covered | By Sensor Type (Rotary Torque Sensors, Reaction Torque Sensors), By End-Use Industry (Automotive, Aerospace and Defense, Industrial, Healthcare, Other End-Use Industries) |
| Regional Analysis | North America – US, Canada; Europe – Germany, France, The UK, Spain, Italy, Russia, Netherlands, Rest of Europe; Asia Pacific – China, Japan, South Korea, India, New Zealand, Singapore, Thailand, Vietnam, Rest of APAC; Latin America – Brazil, Mexico, Rest of Latin America; Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of MEA |
| Competitive Landscape | Honeywell International Inc., Kistler Group, TE Connectivity Ltd., Siemens AG, Hottinger Brüel & Kjaer GmbH, Crane Electronics Ltd., FUTEK Advanced Sensor Technology, Inc., Magtrol Inc., Omega Engineering, Inc., Althen Sensors and Controls, Other Key Players |
| Customization Scope | Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. |
| Purchase Options | We have three license to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) |
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