Torque Sensor Market Size, Share, and Growth Analysis, By Type, By Configuration, By Technology, By Application, By End-user, By Region - Industry Forecast 2025-2032

Torque Sensor Market size was valued at USD 8.7 billion in 2023 and is poised to grow from USD 9.27 billion in 2024 to USD 15.33 billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).

The global torque sensor market is witnessing significant growth, propelled by increasing demand for precise torque measurement across various sectors. Key factors driving this expansion include the rising adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs), where torque sensors play a critical role in optimizing powertrain efficiency and control. Emerging economies are particularly beneficial for the industrial automation sector, providing vast opportunities as demand for robotics and precise torque measurements in robotic applications rises. Additionally, innovations in sensor technology, including non-contact and wireless options, further enhance market potential. Despite challenges such as cost and integration issues, the market continues to thrive, poised for further expansion driven by automation trends and technological advancements in torque measurement solutions.

Top-down and bottom-up approaches were used to estimate and validate the size of the Torque Sensor market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Torque Sensor Market Segments Analysis

Global Torque Sensor Market is segmented by Type, Configuration, Technology, Application, End-user and region. Based on Type, the market is segmented into Dynamic Torque Sensor, Joint Torque Sensor, 6 axis force/torque sensor, 4 Axis force/torque sensor, Static Torque Sensor and Others. Based on Configuration, the market is segmented into Wired Torque Sensor and Wireless Torque Sensor. Based on Technology, the market is segmented into Surface Acoustic Wave, Magnetoelastic, Optical and Strain Gauge. Based on Application, the market is segmented into Robotics, Engines, Automotive safety system, Assembly welding, Aircraft flight control, Medical devices and Others. Based on End-user, the market is segmented into Automotive, Industrial, Test & Measurement, Aerospace & Defense, Healthcare and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Torque Sensor Market

The ongoing transition to electric and hybrid vehicles represents a crucial catalyst for the torque sensor market's growth. As stringent emission regulations become more prevalent and the demand for eco-friendly transportation solutions rises, the need for torque sensors in electric powertrains is accelerating. These sensors play a vital role by providing accurate torque measurements, which are essential for optimizing power distribution and improving overall vehicle efficiency. Consequently, the combination of regulatory pressures and consumer preferences for sustainable mobility options continues to propel the demand for advanced torque sensing technologies in the automotive sector.

Restraints in the Torque Sensor Market

The torque sensor market faces notable challenges due to the high cost associated with these devices, which can impede their broader adoption, especially among small and medium-sized businesses. The intricate nature of sensor technology, coupled with the demand for precision and dependability, results in elevated pricing. This heightened cost can act as a barrier, particularly in price-sensitive segments of the market, limiting access and acceptance. As a result, the expense of torque sensors can slow down their integration into various applications, thereby affecting growth opportunities within the industry and preventing smaller enterprises from benefiting from advancements in torque measurement technology.

Market Trends of the Torque Sensor Market

The torque sensor market is witnessing a significant trend towards miniaturization and integration, driven by the demand for more compact and multifunctional solutions. This evolution allows torque sensors to seamlessly fit into space-constrained applications across diverse industries, including automotive, aerospace, and robotics. The shift toward smaller, lighter designs enhances device efficiency and enables advanced functionalities, ultimately catering to the growing need for innovative technology solutions. As industries increasingly prioritize performance without sacrificing space, the integration of advanced torque sensing technologies into smaller systems is expected to propel market growth and foster the development of pioneering applications in the coming years.