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The North America torque sensor market is projected to grow at a CAGR of 7.3%
from 2014 to 2019. This growth is primarily attributed to the increasing demand
for better fuel efficiency, up-gradation to electric power steering systems, and
rising trend towards condition-based maintenance.
In this report, the North America torque sensor market has been broadly
classified into types, such as rotary, static/reaction, magneto-elastic, and
SAW. The rotary torque sensors segment is projected to grow at a CAGR of 6.6%
from 2014 to 2019. Rotary sensors are mainly used for strain measurement, engine
and chassis dynamometer, efficiency testing, clutch and gearbox testing among
Geographically, the U.S. is estimated to command the highest share of 61.8% in
the North America torque sensor market, followed by Canada. Factors influencing
its market growth include the increasing applications of torque sensors in
engine and propulsion, as well as primary systems. With the increase in demand
of small cars and up-gradation of electric power steering, the torque sensor
market is progressing at a rapid pace.
Major players in the North America torque sensor market are Futek Advanced
Sensor Technology, Inc., Honeywell, HBM, ABB Ltd., and Crane Electronics among
others. New product launches and partnerships, agreements, collaborations, and
joint ventures are the key growth strategies adopted by these leading players to
sustain its position in the torque sensor market.
Along with the market data, you can also customize MMM assessments that are in
accordance to your companys specific needs. Customize to get comprehensive
industry standard and deep-dive analysis of the following parameters:
Usage pattern (in-depth trend analysis) of products (segment-wise)
Product matrix, which gives a detailed comparison of product portfolio of each
company mapped at country and sub-segment level
End-user adoption rate analysis of the products (segment-wise and country-wise)
Comprehensive coverage of product approvals, pipeline products, and product
Data from Manufacturing Firms:
Fast turn-around analysis of manufacturing firms responses to recent market
events and trends
Expert opinion about varied applications of torque sensors
Qualitative inputs on macro-economic indicators and mergers & acquisitions in
Market data and key developments of top companies
Tracking the value of components shipped annually in each geography
Trend analysis of Application:
Application matrix, which gives a detailed comparison of application portfolio
of each company, mapped in each geography