Global Torque Sensor Market 2022 | Insights And Market Trends
Torque Sensor Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the torque sensor industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected torque sensor market growth numbers from 2022-2031.
The global torque sensor market size is expected to grow $6.68 billion in 2021 to $7.66 billion in 2022 at a compound annual growth rate (CAGR) of 14.63%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global torque sensors market share is expected to reach $15.76 billion in 2026 at a CAGR of 19.77%.
The Torque Sensor Global Market Report 2022-31 by The Business Research Company evaluates torque sensor market size, growth rate, drivers, torque sensor industry trends, and major companies.
The torque sensor
market segments in the report are:
1) By Type:
Reaction Torque Sensor, Rotary Torque Sensor
2) By Technology:
Strain Gauge, Surface Acoustic Wave (SAW), Optical, Magnetoelastic
3) By Application: Automotive, Industrial, Aerospace and Defense, Healthcare
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