Torque Sensor Market Research Report by Type, Technology, Application, Country - North America Forecast to 2027 - Cumulative Impact of COVID-19

The North America Torque Sensor Market size was estimated at USD 1,436.60 million in 2021 and expected to reach USD 1,505.91 million in 2022, and is projected to grow at a CAGR 6.53% to reach USD 2,099.94 million by 2027.

Market Statistics:
The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Market Segmentation & Coverage:
This research report categorizes the Torque Sensor to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Type, the market was studied across Reaction Torque Sensors and Rotary Torque Sensors. The Rotary Torque Sensors is further studied across Contact-Based Sensing and Noncontact-Based Sensing.

Based on Technology, the market was studied across Magnetoelastic, Optical, Strain Gauge, and Surface Acoustic Wave.

Based on Application, the market was studied across Aerospace & Defense, Automotive, Industrial, and Test & Measurement.

Based on Country, the market was studied across Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas.

Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:
We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Torque Sensor market considering the current update on the conflict and its global response.

Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Torque Sensor Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the North America Torque Sensor Market, including ABB Ltd., Aimco Global, Applied Measurements Ltd., Cooper Instruments & Systems, Crane Electronics Ltd., Datum Electronics Ltd., FUTEK Advanced Sensor Technology, Inc., HBM Inc., Honeywell International Inc., Infineon Technologies AG, Interface, Inc., Kistler Group, Mountz, Inc., Norbar Torque Tools, NSK Ltd., PCB Piezotronics, Inc., S. Himmelstein and Company, Sensor Technology Ltd., TE Connectivity, Teledyne Technologies, and Transense Technologies.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the North America Torque Sensor Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the North America Torque Sensor Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the North America Torque Sensor Market?
4. What is the competitive strategic window for opportunities in the North America Torque Sensor Market?
5. What are the technology trends and regulatory frameworks in the North America Torque Sensor Market?
6. What is the market share of the leading vendors in the North America Torque Sensor Market?
7. What modes and strategic moves are considered suitable for entering the North America Torque Sensor Market?

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.1.4. Challenges
5.2. Cumulative Impact of COVID-19

6. Torque Sensor Market, by Type
6.1. Introduction
6.2. Reaction Torque Sensors
6.3. Rotary Torque Sensors
6.4.1. Contact-Based Sensing
6.4.2. Noncontact-Based Sensing

7. Torque Sensor Market, by Technology
7.1. Introduction
7.2. Magnetoelastic
7.3. Optical
7.4. Strain Gauge
7.5. Surface Acoustic Wave

8. Torque Sensor Market, by Application
8.1. Introduction
8.2. Aerospace & Defense
8.3. Automotive
8.4. Industrial
8.5. Test & Measurement

9. Canada Torque Sensor Market
9.1. Introduction

10. Mexico Torque Sensor Market
10.1. Introduction

11. United States Torque Sensor Market
11.1. Introduction

12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.1.1. Quadrants
12.1.2. Business Strategy
12.1.3. Product Satisfaction
12.2. Market Ranking Analysis, By Key Player
12.3. Market Share Analysis, By Key Player
12.4. Competitive Scenario
12.4.1. Merger & Acquisition
12.4.2. Agreement, Collaboration, & Partnership
12.4.3. New Product Launch & Enhancement
12.4.4. Investment & Funding
12.4.5. Award, Recognition, & Expansion

13. Company Usability Profiles
13.1. ABB Ltd.
13.1.1. Business Overview
13.1.2. Key Executives
13.1.3. Product & Services
13.2. Aimco Global
13.2.1. Business Overview
13.2.2. Key Executives
13.2.3. Product & Services
13.3. Applied Measurements Ltd.
13.3.1. Business Overview
13.3.2. Key Executives
13.3.3. Product & Services
13.4. Cooper Instruments & Systems
13.4.1. Business Overview
13.4.2. Key Executives
13.4.3. Product & Services
13.5. Crane Electronics Ltd.
13.5.1. Business Overview
13.5.2. Key Executives
13.5.3. Product & Services
13.6. Datum Electronics Ltd.
13.6.1. Business Overview
13.6.2. Key Executives
13.6.3. Product & Services
13.7. FUTEK Advanced Sensor Technology, Inc.
13.7.1. Business Overview
13.7.2. Key Executives
13.7.3. Product & Services
13.8. HBM Inc.
13.8.1. Business Overview
13.8.2. Key Executives
13.8.3. Product & Services
13.9. Honeywell International Inc.
13.9.1. Business Overview
13.9.2. Key Executives
13.9.3. Product & Services
13.10. Infineon Technologies AG
13.10.1. Business Overview
13.10.2. Key Executives
13.10.3. Product & Services
13.11. Interface, Inc.
13.11.1. Business Overview
13.11.2. Key Executives
13.11.3. Product & Services
13.12. Kistler Group
13.12.1. Business Overview
13.12.2. Key Executives
13.12.3. Product & Services
13.13. Mountz, Inc.
13.13.1. Business Overview
13.13.2. Key Executives
13.13.3. Product & Services
13.14. Norbar Torque Tools
13.14.1. Business Overview
13.14.2. Key Executives
13.14.3. Product & Services
13.15. NSK Ltd.
13.15.1. Business Overview
13.15.2. Key Executives
13.15.3. Product & Services
13.16. PCB Piezotronics, Inc.
13.16.1. Business Overview
13.16.2. Key Executives
13.16.3. Product & Services
13.17. S. Himmelstein and Company
13.17.1. Business Overview
13.17.2. Key Executives
13.17.3. Product & Services
13.18. Sensor Technology Ltd.
13.18.1. Business Overview
13.18.2. Key Executives
13.18.3. Product & Services
13.19. TE Connectivity
13.19.1. Business Overview
13.19.2. Key Executives
13.19.3. Product & Services
13.20. Teledyne Technologies
13.20.1. Business Overview
13.20.2. Key Executives
13.20.3. Product & Services
13.21. Transense Technologies
13.21.1. Business Overview
13.21.2. Key Executives
13.21.3. Product & Services

14. Appendix
14.1. Discussion Guide
14.2. License & Pricing