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North America Torque Sensor Market, by Type (Rotary, Static/Reaction, Magneto-elastic, SAW), by Application (Automotive, Industrial, Test & Measurement, Aerospace & Defense, Medical), by Geography - Analysis & Forecast To 2019

  • Report Code: TO 1002
  • Publish Date: Apr 2015
  
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The importance of torque sensors across various applications has been recognized for many years. The use of strain gauge is one of the oldest and most widely used techniques of torque measurement being employed till date. But, recent advancements in torque sensing have led to the development of several new varieties of torque sensors.

 

North America is one of the most technically advanced application markets for torque sensors, due to the presence of prominent system suppliers, large semiconductor companies, competitive aerospace & defense, and medical original equipment manufacturers (OEMs) in this region. Medical applications, which is currently a niche market segment for torque sensors is expected to witness considerable growth with the emergence of medical robotics, and the increasing demand for better healthcare services.

 

This report segments the North America torque sensor market by type, including rotary, static/reaction, magnetoelastic, and surface acoustic wave (SAW) torque sensors. The major applications of torque sensors such as automotive, industrial manufacturing, test & measurement, aerospace, and medical have been covered in this report. North American torque sensor market is further segmented on the basis of country into the U.S., Canada, and Mexico.

 

This report highlights varied market dynamics such as drivers, restraints, and upcoming opportunities. The burning issues pertaining to this market and winning imperatives for major players to succeed in this industry is also included in this report. In addition to this, the report also covers company profiles of key players, along with product offerings, company financials, recent developments, and key growth strategies.

 

Customization Options:

Along with the market data, you can also customize the MMM assessments that are in accordance to your company’s specific needs. Customize to get comprehensive industry standard and deep-dive analysis of the following parameters:

 

Product Analysis

  • 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 recalls

 

Data from Manufacturing Firms

  • Fast turn-around analysis of manufacturing firms’ responses to recent market events and trends
  • Expert opinion of varied applications of torque sensors
  • Qualitative inputs on macro-economic indicators, and mergers & acquisitions in each geography

 

Comparative Analysis

  • Market data and key developments of top companies

 

Shipment/Volume Data

  • 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


Table of Contents


1 Introduction (Page No. - 11)
    1.1 Objectives of the Study
    1.2 Market Segmentation and Coverage
    1.3 Stakeholders


2 Research Methodology (Page No. - 14)
    2.1 Integrated Ecosystem of Torque Sensor Market
    2.2 Arriving at the Market Size of Global Torque Sensor Market
    2.3 Top-Down Approach
    2.4 Bottom-Up Approach
    2.5 Demand Side Approach
    2.6 Macroindicator Based Approach
           2.6.1 Macro Indicator Based Approach: R&D Expenditure
    2.7 Assumptions


3 Executive Summary (Page No. - 22)


4 Market Overview (Page No. - 24)
    4.1 Introduction
    4.2 Torque Sensor Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis


5 North America Torque Sensor Market, By Type (Page No. - 31)
    5.1 Introduction
    5.2 North America Torque Sensor Market, Type Comparison With Parent Market
    5.3 Rotary Torque Sensor
           5.3.1 North America Rotary Torque Sensor Market, By Application
    5.4 Static Torque Sensor
           5.4.1 North America Static Torque Sensor Market, By Application
    5.5 Magneto-Elastic Torque Sensor
           5.5.1 North America Magneto-Elastic Torque Sensor Market, By Application
    5.6 Surface Acoustic Wave (SAW) Torque Sensor
           5.6.1 North America Surface Acoustic Wave (SAW) Torque Sensor Market, By Application


6 North America Torque Sensor Market, By Application (Page No. - 41)
    6.1 Introduction
    6.2 North American Torque Sensor Market in Automotive Sector, By Geography
           6.2.1 North American Torque Sensor Market in Automotive Sector, By Type
    6.3 North American Torque Sensor Market in Industrial Sector, By Geography
           6.3.1 North American Torque Sensor Market in Industrial Sector, By Type
    6.4 North American Torque Sensor Market in Test & Measurement Sector, By Geography
           6.4.1 North American Torque Sensor Market in Test & Measurement Sector, By Type
    6.5 North American Torque Sensor Market in Aerospace & Defense Sector, By Geography
           6.5.1 North American Torque Sensor Market in Aerospace & Defense Sector, By Type
    6.6 North American Torque Sensor Market in Medical Sector, By Geography
           6.6.1 North American Torque Sensor Market in Medical Sector, By Type


7 North America Torque Sensor Market, By Geography (Page No. - 54)
    7.1 Introduction
    7.2 U.S. Torque Sensor Market
           7.2.1 U.S. Torque Sensor Market, By Application
    7.3 Canada Torque Sensor Market
           7.3.1 Canada Torque Sensor Market, By Application
    7.4 Mexico Torque Sensor Market


8 Torque Sensor Market : Competitive Landscape (Page No. - 65)
    8.1 Torque Sensor Market: Company Share Analysis
    8.2 Company Presence in Torque Sensor Market, By Type
    8.3 New Product Developments
    8.4 Mergers and Acquisitions
    8.5 Other Developments


9 North America Torque Sensor Market, By Company (Page No. - 71)
(Overview, Financials, Products & Services, Strategy, and Developments)*
    9.1 Futek Advanced Sensor Technology, Inc.
    9.2 Honeywell
    9.3 HBM Ltd
    9.4 ABB Ltd.
    9.5 PCB Piezotronics
    9.6 Crane Electronics
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not be Captured in Case of Unlisted Company


10 Appendix (Page No. - 88)
     10.1 Customization Options
             10.1.1 Product Portfolio Analysis
             10.1.2 Country Level Data Analysis
             10.1.3 Product Comparison of Various Competitors
             10.1.4 Trade Analysis
     10.2 Related Reports
     10.3 Introducing RT: Real Time Market Intelligence
             10.3.1 RT Snapshots
                    10.3.1.1 Snapshot 1: Ecosystem
                    10.3.1.2 Snapshot 2: Quantitative Chart
                    10.3.1.3 Snapshot 3: Heat Map, Companies


List of Tables (40 Tables)


Table 1 North America Torque Sensor Market Size, 2014 (USD MN)
Table 2 North America : Application Market, 2014 (USD MN)
Table 3 North America R&D Expenditure , 2012 & 2013 (USD MN)
Table 4 North America Market: Comparison With Parent Market, 2013 – 2019 (USD MN)
Table 5 North America Market: Drivers and Inhibitors
Table 6 North America Market: By Application, 2013 – 2019 (USD MN)
Table 7 North America Market: Application By Geography, 2014 (USD MN)
Table 8 North America Market: By Type, 2014 (USD MN)
Table 9 North America Market: Application Markets, 2013 - 2019 (USD MN)
Table 10 North America Market, By Type, 2013 - 2019 (USD MN)
Table 11 North America Market: Type Comparison With Parent Market, 2013–2019 (USD MN)
Table 12 North America Rotary Torque Sensor Market, By Application, 2013–2019 (USD MN)
Table 13 North America Static Torque Sensor Market, By Application, 2013–2019 (USD MN)
Table 14 North America Magneto-Elastic Torque Sensor Market, By Application, 2013–2019 (USD MN)
Table 15 North America Surface Acoustic Wave (SAW) Torque Sensor Market, By Application, 2013–2019 (USD MN)
Table 16 North America Market, By Application, 2013 - 2019 (USD MN)
Table 17 North American Torque Sensor Market in Automotive Sector, By Geography, 2013 - 2019 (USD MN)
Table 18 North American Torque Sensor Market in Automotive Sector, By Type, 2013 - 2019 (USD MN)
Table 19 North American Torque Sensor Market in Industrial Sector, By Geography, 2013 - 2019 (USD MN)
Table 20 North American Torque Sensor Market in Industrial Sector, By Type, 2013 - 2019 (USD MN)
Table 21 North American Torque Sensor Market in Test & Measurement Sector, By Geography, 2013 - 2019 (USD MN)
Table 22 North America Torque Sensor Market in Test & Measurement Sector, By Type, 2013 - 2019 (USD MN)
Table 23 North America Sensor Market in Aerospace & Defense Sector, By Geography, 2013 - 2019 (USD MN)
Table 24 North America Sensor Market in Aerospace & Defense Sector, By Type, 2013 - 2019 (USD MN)
Table 25 North America Torque Sensor Market in Medical Sector, By Geography, 2013 - 2019 (USD MN)
Table 26 North America Sensor Market in Medical Sector, By Type, 2013 - 2019 (USD MN)
Table 27 North America Torque Sensor Market, By Geography,  2013 - 2019 (USD MN)
Table 28 U.S. Torque Sensor Market, By Application, 2013-2019 (USD MN)
Table 29 Canada Torque Sensor Market, By Application, 2013-2019 (USD MN)
Table 30 Mexico Torque Sensor Market, By Application, 2013-2019 (USD MN)
Table 31 Torque Sensor Market: Company Share Analysis, 2013 (%)
Table 32 North America Torque Sensor Market: New Product Developments
Table 33 North America Torque Sensor Market: Mergers and Acquisitions
Table 34 North America Torque Sensor Market: Other Developments
Table 35 Honeywell : Annual Revenue, By Business Segments, 2010–2014 (USD MN)
Table 36 Honeywell : Annual Revenue, By Geographical Segment, 2010–2014 (USD MN)
Table 37 Honeywell : Key Operating Data, 2010-2014 (USD MN)
Table 38 ABB Ltd. : Annual Revenue, By Business Segment, 2010–2013 (USD MN)
Table 39 ABB Ltd. : Annual Revenue, By Geographical Segment, 2010–2013 (USD MN)
Table 40 ABB Ltd. : Key Operating Data, 2010-2014 (USD MN)


List of Figures (43 Figures)


Figure 1 North America Torque Sensor Market: Segmentation & Coverage
Figure 2 Torque Sensor Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 R&D Expenditure
Figure 8 North America Torque Sensor Market Snapshot
Figure 9 Torque Sensor Market: Growth Aspects
Figure 10 Torque Sensor Market: Comparison With Parent Market
Figure 11 North America Market, By Application, 2014 & 2019 (USD MN)
Figure 12 North America Market:Application By Geography, 2014 (USD MN)
Figure 13 North America Market, By Type, 2014 (USD MN)
Figure 14 Demand Side Analysis
Figure 15 North America Market, By Type, 2014 & 2019 (USD MN)
Figure 16 North America Market: Type Comparison With Parent Market, 2013–2019 (USD MN)
Figure 17 North America Rotary Torque Sensor Market, By Application, 2013–2019 (USD MN)
Figure 18 North America Static Torque Sensor Market, By Application, 2013–2019 (USD MN)
Figure 19 North America Magneto-Elastic Torque Sensor Market, By Application, 2013–2019 (USD MN)
Figure 20 North America Surface Acoustic Wave (SAW) Torque Sensor Market, By Application, 2013–2019 (USD MN)
Figure 21 North America Market, By Application, 2014 & 2019 (USD MN)
Figure 22 North America Market in Automotive Sector, By Geography, 2013 - 2019 (USD MN)
Figure 23 North America Torque Sensor Market in Automotive Sector, By Type, 2014 & 2019 (USD MN)
Figure 24 North America Market in Industrial Sector, By Geography, 2013 - 2019 (USD MN)
Figure 25 North America Market in Industrial Sector, By Type, 2014 & 2019 (USD MN)
Figure 26 North America Market in Test & Measurement Sector, By Geography, 2013 - 2019 (USD MN)
Figure 27 North America Market in Test & Measurement Sector, By Type, 2014 & 2019 (USD MN)
Figure 28 North America Torque Sensor Market in Aerospace & Defense Sector, By Geography, 2013 - 2019 (USD MN)
Figure 29 North America Market in Aerospace & Defense Sector, By Type, 2014 & 2019 (USD MN)
Figure 30 North America Market in Medical Sector, By Geography, 2013 - 2019 (USD MN)
Figure 31 North America Torque Sensor Market in Medical Sector, By Type, 2014 & 2019 (USD MN)
Figure 32 North America Market: Growth Analysis, By Geography, 2014-2019 (USD MN)
Figure 33 U.S. Torque Sensor Market, Application Overview, 2014 & 2019 (%)
Figure 34 U.S. Torque Sensor Market, By Application, 2013-2019 (USD MN)
Figure 35 U.S. Torque Sensor Market: Application Snapshot
Figure 36 Canada Torque Sensor Market, Application Overview, 2014 & 2019 (%)
Figure 37 Canada Torque Sensor Market, By Application, 2013-2019 (USD MN)
Figure 38 Canada Torque Sensor Market: Application Snapshot
Figure 39 Mexico Torque Sensor Market, Application Overview, 2014 & 2019 (%)
Figure 40 Mexico Torque Sensor Market, By Application, 2013-2019 (USD MN)
Figure 41 Mexico Torque Sensor Market: Application Snapshot
Figure 42 Torque Sensor Market: Company Share Analysis, 2013 (%)
Figure 43 Torque Sensor: Company Product Coverage, By Type, 2014

Torque sensor or torque transducer is electronic device that converts the torque applied to a rotating or static device into an electrical signal. They are used to measure both reaction torque and rotary torque. Torque sensors exist in many measuring ranges for both reaction (static) and rotary (dynamic) torque.

 

Reaction torque sensors are uses a strain gauge mounted strategically on the shaft. As the shaft deforms under the applied torque, the resistance in the strain gauge either increases or decreases, causing a change in voltage. Rotary torque sensors are a bit more complicated in their design, as the rotating shaft needs a slip-ring or non-contact rotary transformer to transmit the strain-gauge signal from the rotating shaft to the static shaft.

 

The purpose of this study is to analyze the North American market torque sensor with respect to three main parameters, namely type, application, and geography. On the basis of type, the market is segmented into rotary, static/reaction, magneto-elastic, and SAW. According to applications, the market is classified into automotive, industrial, test & measurement, aerospace & defense, and medical. The geographical analysis of this market includes countries such as U.S., Canada, and Mexico.

 

Apart from a general overview of major companies thriving in this market, this report also provides product portfolio, company share analysis, and recent developments of major players in this industry. Futek Advanced Sensor Technology, Inc., Honeywell, HBM, ABB Ltd., and Crane Electronics are some of the leading players covered in the North America torque sensor market report.

 

The torque sensor market for automotive and industrial applications is projected to grow at a CAGR of 7.7% and 4.9%, respectively from 2014 to 2019. Factors influencing the growth of the torque sensor market in automotive application include increasing demand of small cars, up gradation of electric power steering, and rise in production of aircraft.

 

The North America torque sensors market was valued at $318.4 million in 2014, and is projected to reach $452.0 million by 2019, at a CAGR of 7.3% from 2014 to 2019. Among all countries in the North American region, the U.S. is the most dominant country in the torque sensors market, having accounted for 61.8% of market share in 2014, while the torque sensor market in Canada is expected to grow at a CAGR of 11.4% from 2014 to 2019.

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