Global Torque Sensor Market, 2016 – 2024 Global Torque Sensor Market, 2016 – 2024 | Page 3
Torque Sensor Market
and transportation, medical and healthcare, aerospace and defense, oil and gas and others.
Region-wise, the torque sensor market is diversified into Asia-Pacific, Europe, North
America and the Rest of the World.
Global Torque Sensor Market: Growth Factors
The global torque sensor market is expected to witness a tremendous growth owing to the
factors such as the increase in the applications of the torque sensors, high demand for the
torque sensors in the automotive segment and rising demand for the torque measurement
technology are triggering the market growth. The trends that are growing along with the
growth of the global market are growing adoption of the quality standard specifications, the
rise in the non-contact and the wireless sensors and the strict regulations in the machine
safety in the developed regions.
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Global Torque Sensor Market: Regional Analysis
The global torque sensor market is dominated by the Asia-Pacific region. However, the
Middle East and Africa region are showing a tremendous market growth. The developing
regions are showing a huge growth in the market owing to the rapid growth in the
automotive and transportation market. Various automotive systems make use of the torque
sensors hence driving the global market. North America and Europe are giving their ample
share in the torque sensor market.
Global Torque Sensor Market: Competitive Players