Global Magneto Elastic Torque Sensor Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Magneto Elastic Torque Sensor Market is presumed to reach the market size of nearly USD 181.19 Million by 2032 from USD 97 Million in 2023 with a CAGR of 7.19% under the study period 2024 - 2032.

Magneto elastic torque sensors are advanced measurement devices used to determine torque by exploiting the magneto-elastic effect in various applications. This effect entails alterations in the magnetic properties of a material in reaction to applied mechanical stress or strain. The sensor typically consists of a magnetic material that deforms under torque, altering its magnetic permeability. These changes are detected by the sensor's magnetic field components, allowing for precise torque measurement. These sensors are valued for their accuracy, robustness, and ability to operate in harsh environments. They are commonly used in aerospace, automotive, and industrial applications where precise torque measurement is crucial for performance monitoring, safety, and control. Their non-contact measurement capability and resistance to environmental factors make them suitable for demanding conditions where traditional sensors might fail.

Market Dynamics

The increasing demand for precise torque measurement in automotive and aerospace industries drives the magneto elastic torque sensor market. Accurate torque measurement is critical for engine performance and safety in automotive applications. These sensors provide high precision and reliability, making them suitable for monitoring and controlling torque in various vehicle systems, including engines and drivetrains. Similarly, in aerospace applications, these sensors monitor torque in critical systems and components, ensuring safety and optimal performance. Another significant driver is the rising emphasis on advanced manufacturing and industrial automation. As industries adopt more sophisticated machinery and automated systems, the need for accurate and reliable torque measurement increases. These sensors offer advantages such as high durability & resistance to environmental factors, making them ideal for use in industrial settings where traditional sensors may not perform as effectively.

Advancements in sensor technology also support opportunities in the market. Innovations in material science and sensor design enhance the performance and capabilities of magneto elastic torque sensors, making them more versatile and cost-effective. Additionally, the integration of these sensors with digital and IoT technologies provides opportunities for advanced monitoring and data analysis, contributing to improved operational efficiency and predictive maintenance. Expanding industries such as renewable energy and robotics presents further growth opportunities. In renewable energy applications, torque sensors are used to monitor and control wind turbine performance, while in robotics, they provide precise torque measurement for robotic arms and manipulators. However, the high cost of magneto elastic torque sensors and their complexity in integration can hinder market growth. These factors may affect adoption rates and overall market dynamics.

The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of magneto elastic torque sensor.

Market Segmentation

The study offers a decisive view of the global magneto elastic torque sensor market by segmenting it in terms of application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.

By Application

Automotive
Aerospace & Defense
Research and Development
Industrial
Others
Regional Analysis

This section covers magneto elastic torque sensor market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global magneto elastic torque sensor market along with the individual application segment across all the prominent region.

This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Magneto Elastic Torque Sensor market are ABB Ltd., Applied Measurements Ltd., Crane Electronics Ltd., Honeywell Sensing and Control, HITEC Sensor Developments Inc., Kistler Instrumente Ltd., MagCanica, Methode Electronics, and Texas Instruments Inc. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.

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Product Code: VMR11211291

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . MAGNETO ELASTIC TORQUE SENSOR - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Application
- 3.7.2 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL MAGNETO ELASTIC TORQUE SENSOR MARKET ANALYSIS BY APPLICATION

5.1 Overview by Application
5.2 Historical and Forecast Data
5.3 Analysis by Application
5.4 Automotive Historic and Forecast Sales by Regions
5.5 Aerospace & Defense Historic and Forecast Sales by Regions
5.6 Research and Development Historic and Forecast Sales by Regions
5.7 Industrial Historic and Forecast Sales by Regions
5.8 Others Historic and Forecast Sales by Regions

6 . GLOBAL MAGNETO ELASTIC TORQUE SENSOR MARKET ANALYSIS BY GEOGRAPHY

6.1. Regional Outlook
6.2. Introduction
6.3. North America Sales Analysis
- 6.3.1. Overview, Historic and Forecast Data Sales Analysis
- 6.3.2. North America By Segment Sales Analysis
- 6.3.3. North America By Country Sales Analysis
- 6.3.4. United State Sales Analysis
- 6.3.5. Canada Sales Analysis
- 6.3.6. Mexico Sales Analysis
6.4. Europe Sales Analysis
- 6.4.1. Overview, Historic and Forecast Data Sales Analysis
- 6.4.2. Europe by Segment Sales Analysis
- 6.4.3. Europe by Country Sales Analysis
- 6.4.4. United Kingdom Sales Analysis
- 6.4.5. France Sales Analysis
- 6.4.6. Germany Sales Analysis
- 6.4.7. Italy Sales Analysis
- 6.4.8. Russia Sales Analysis
- 6.4.9. Rest Of Europe Sales Analysis
6.5. Asia Pacific Sales Analysis
- 6.5.1. Overview, Historic and Forecast Data Sales Analysis
- 6.5.2. Asia Pacific by Segment Sales Analysis
- 6.5.3. Asia Pacific by Country Sales Analysis
- 6.5.4. China Sales Analysis
- 6.5.5. India Sales Analysis
- 6.5.6. Japan Sales Analysis
- 6.5.7. South Korea Sales Analysis
- 6.5.8. Australia Sales Analysis
- 6.5.9. South East Asia Sales Analysis
- 6.5.10. Rest Of Asia Pacific Sales Analysis
6.6. Latin America Sales Analysis
- 6.6.1. Overview, Historic and Forecast Data Sales Analysis
- 6.6.2. Latin America by Segment Sales Analysis
- 6.6.3. Latin America by Country Sales Analysis
- 6.6.4. Brazil Sales Analysis
- 6.6.5. Argentina Sales Analysis
- 6.6.6. Peru Sales Analysis
- 6.6.7. Chile Sales Analysis
- 6.6.8. Rest of Latin America Sales Analysis
6.7. Middle East & Africa Sales Analysis
- 6.7.1. Overview, Historic and Forecast Data Sales Analysis
- 6.7.2. Middle East & Africa by Segment Sales Analysis
- 6.7.3. Middle East & Africa by Country Sales Analysis
- 6.7.4. Saudi Arabia Sales Analysis
- 6.7.5. UAE Sales Analysis
- 6.7.6. Israel Sales Analysis
- 6.7.7. South Africa Sales Analysis
- 6.7.8. Rest Of Middle East And Africa Sales Analysis

7 . COMPETITIVE LANDSCAPE OF THE MAGNETO ELASTIC TORQUE SENSOR COMPANIES

7.1. Magneto Elastic Torque Sensor Market Competition
7.2. Partnership/Collaboration/Agreement
7.3. Merger And Acquisitions
7.4. New Product Launch
7.5. Other Developments

8 . COMPANY PROFILES OF MAGNETO ELASTIC TORQUE SENSOR INDUSTRY

8.1. Company Share Analysis
8.2. Market Concentration Rate
8.3. ABB Ltd.
- 8.3.1. Company Overview
- 8.3.2. Company Revenue
- 8.3.3. Products
- 8.3.4. Recent Developments
8.4. Applied Measurements Ltd.
- 8.4.1. Company Overview
- 8.4.2. Company Revenue
- 8.4.3. Products
- 8.4.4. Recent Developments
8.5. Crane Electronics Ltd.
- 8.5.1. Company Overview
- 8.5.2. Company Revenue
- 8.5.3. Products
- 8.5.4. Recent Developments
8.6. Honeywell Sensing and Control
- 8.6.1. Company Overview
- 8.6.2. Company Revenue
- 8.6.3. Products
- 8.6.4. Recent Developments
8.7. HITEC Sensor Developments Inc.
- 8.7.1. Company Overview
- 8.7.2. Company Revenue
- 8.7.3. Products
- 8.7.4. Recent Developments
8.8. Kistler Instrumente Ltd.
- 8.8.1. Company Overview
- 8.8.2. Company Revenue
- 8.8.3. Products
- 8.8.4. Recent Developments
8.9. MagCanica
- 8.9.1. Company Overview
- 8.9.2. Company Revenue
- 8.9.3. Products
- 8.9.4. Recent Developments
8.10. Methode Electronics
- 8.10.1. Company Overview
- 8.10.2. Company Revenue
- 8.10.3. Products
- 8.10.4. Recent Developments
8.11. Texas Instruments Inc.
- 8.11.1. Company Overview
- 8.11.2. Company Revenue
- 8.11.3. Products
- 8.11.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies