Rotary Torque Transducers Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0091011
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.76 |
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The Rotary Torque Transducers Market size is estimated to grow at a CAGR of 7.92% between 2022 and 2032. The market size is forecast to increase by USD 1,567.45 million. The growth of the market depends on several factors, including the increasing demand for accurate torque measurement in various industries, the rising adoption of automation and robotics, and the growing focus on quality control and performance optimization. Rotary torque transducers are devices used to measure the torque or rotational force applied to a rotating shaft or component. They are widely used in industries such as automotive, aerospace, manufacturing, and energy, where precise torque measurement is critical for ensuring operational efficiency and product quality.
Rotary Torque Transducers Market Overview:
Drivers:
One of the key factors driving the rotary torque transducers market growth is the increasing demand for accurate torque measurement in various industries. Torque measurement plays a crucial role in ensuring the proper functioning of rotating machinery and equipment. It helps in monitoring and controlling the torque applied to shafts, ensuring optimal performance, and preventing damage or failure. With the growing complexity and precision requirements in industries such as automotive, aerospace, and manufacturing, the demand for accurate torque measurement solutions, such as rotary torque transducers, is on the rise.
Moreover, the rising adoption of automation and robotics is also driving the market growth. Automation and robotics systems require precise torque control for efficient operation and to ensure the safety of personnel and equipment. Rotary torque transducers enable real-time torque monitoring and feedback, allowing automation systems to adjust torque levels and optimize performance. The increasing deployment of automation and robotics across industries is fueling the demand for rotary torque transducers.
Trends:
A key trend shaping the rotary torque transducers market is the integration of wireless connectivity and advanced data analytics capabilities. Manufacturers are incorporating wireless technologies such as Bluetooth or Wi-Fi into rotary torque transducers, enabling real-time data transmission and remote monitoring. This integration allows for easy installation, flexible data collection options, and seamless integration with other industrial automation systems. Additionally, the use of advanced data analytics tools and software enables users to analyze torque data, identify patterns, and optimize operational performance.
Furthermore, there is a growing focus on miniaturization and compact design in rotary torque transducers. Manufacturers are developing smaller and lightweight transducers without compromising on accuracy and performance. These compact transducers offer ease of installation, reduced space requirements, and enhanced portability, making them suitable for a wide range of applications.
Restraints:
One of the key challenges hindering the rotary torque transducers market growth is the high cost of advanced torque measurement technologies. Rotary torque transducers with advanced features and high accuracy levels can be expensive, especially for small and medium-sized enterprises. The cost factor may limit the adoption of rotary torque transducers, particularly in price-sensitive markets or industries with budget constraints.
Rotary Torque Transducers Market Segmentation By Application:
The automotive segment is estimated to witness significant growth during the forecast period. Rotary torque transducers play a critical role in automotive manufacturing processes, including engine assembly, drivetrain testing, and quality control. They enable precise torque measurement and ensure the proper functioning of automotive components, such as engines, transmissions, and axles. The increasing demand for high-performance vehicles, stringent quality standards, and the growing focus on fuel efficiency are driving the adoption of rotary torque transducers in the automotive industry.
The aerospace segment is also expected to contribute to the market growth. Rotary torque transducers are used in aerospace applications, such as aircraft engine testing, rotorcraft assembly, and structural testing. They provide accurate torque measurement for critical aerospace components, ensuring safety, reliability, and compliance with regulatory standards.
Rotary Torque Transducers Market Segmentation By Type:
The strain gauge-based rotary torque transducers segment is expected to dominate the market during the forecast period. Strain gauge-based transducers offer high accuracy, reliability, and durability. They are widely used in various industries for torque measurement applications, ranging from research and development to production testing. The increasing demand for precise torque measurement and the availability of advanced strain gauge technologies are driving the growth of this segment.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global rotary torque transducers market during the forecast period. The region has a strong presence of automotive and aerospace industries, which are major end-users of rotary torque transducers. The increasing adoption of automation and robotics in these industries, coupled with the focus on quality control and performance optimization, is driving the demand for rotary torque transducers in North America.
Europe is also expected to witness substantial growth in the rotary torque transducers market. The region has a well-established manufacturing sector and a high demand for precision engineering solutions. The stringent quality standards and regulations in industries such as automotive, aerospace, and manufacturing are driving the adoption of rotary torque transducers in Europe.
Rotary Torque Transducers Market Customer Landscape:
The rotary torque transducers market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Rotary Torque Transducers Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the rotary torque transducers market include:
- Honeywell International Inc.
- Interface Inc.
- Kistler Group
- PCB Piezotronics, Inc.
- S. Himmelstein and Company
- Sensor Technology Ltd.
- Teledyne Technologies Incorporated
- Transducer Techniques, LLC
- Vishay Precision Group, Inc.
- Yokogawa Electric Corporation
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The rotary torque transducers market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Automotive
o Aerospace
o Manufacturing
o Energy
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Contact-Based
o Non-Contact-Based
o Optical
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL Rotary Torque Transducers MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Rotary Torque Transducers MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Rotary Torque Transducers Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Change Rotary Torque Transducers MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Dynamic Type
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. Static Type
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million
Chapter 6. Rotary Torque Transducers MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Automotive
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3. Aerospace
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.4. Marine
6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.5. Industrial Machinery
6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Rotary Torque Transducers MARKET REGIONAL OUTLOOK
7.1. Rotary Torque Transducers Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Rotary Torque Transducers Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Rotary Torque Transducers Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Rotary Torque Transducers Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Rotary Torque Transducers Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S Rotary Torque Transducers Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Rotary Torque Transducers Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Rotary Torque Transducers Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Rotary Torque Transducers Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Rotary Torque Transducers Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Rotary Torque Transducers Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Rotary Torque Transducers Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Rotary Torque Transducers Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Rotary Torque Transducers Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Rotary Torque Transducers Estimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.3. Europe Rotary Torque Transducers Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Rotary Torque Transducers Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Rotary Torque Transducers Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Rotary Torque Transducers Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Rotary Torque Transducers Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Rotary Torque Transducers Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Rotary Torque Transducers Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Rotary Torque Transducers Estimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.6.3. France Rotary Torque Transducers Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Rotary Torque Transducers Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Rotary Torque Transducers Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Rotary Torque Transducers Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Rotary Torque Transducers Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K Rotary Torque Transducers
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Rotary Torque Transducers Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Rotary Torque Transducers Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Rotary Torque Transducers Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Rotary Torque Transducers Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Rotary Torque Transducers Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Rotary Torque Transducers Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Rotary Torque Transducers Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Rotary Torque Transducers Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Rotary Torque Transducers Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Rotary Torque Transducers Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Rotary Torque Transducers Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Rotary Torque Transducers Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Rotary Torque Transducers Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Rotary Torque Transducers Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Rotary Torque Transducers Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Rotary Torque Transducers Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Rotary Torque Transducers Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Rotary Torque Transducers Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Rotary Torque Transducers Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Rotary Torque Transducers Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Rotary Torque Transducers Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Rotary Torque Transducers Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Rotary Torque Transducers Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Rotary Torque Transducers Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Rotary Torque Transducers Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Rotary Torque Transducers Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Rotary Torque Transducers Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Rotary Torque Transducers Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Rotary Torque Transducers Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. A&D Company
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Lorenz Messtechnik
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Interface Inc
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. HBM Test and Measurement
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Kyowa
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Futek
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Honeywell
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. ETH-messtechnik GmbH
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 . Burster
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Crane Electronics Ltd
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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