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Magneto Elastic Torque Sensor Market
Magneto Elastic Torque Sensor Market - Snapshot
Torque / load sensors will play a progressively significant role in many applications, in accordance with its numerous benefits such as cost effectiveness and well defined infrastructure for serial manufacturing. They support critical benefits such as efficiency enhancements, operational safety, weight savings, improved productivity, and cost savings. Magneto elastic torque sensors, being truly non-contact based, have intrinsic advantages over outdated solutions based on strain gauges in terms of cost structure and robustness. Recently, manufacturers have developed feasible, commercially proven substitutes in a number of industrialized sectors with demanding requirements. The market is projected to expand at a CAGR of 9.9% during the forecast period and reach US$ 225.68 Mn by 2026.
Demand for accurate torque measurement solutions is increasing in a phenomenal manner and supporting the huge growth potential of torque sensors. Also, rapid progress in industrial manufacturing, as well as research and development requires higher standards of accuracy for all measuring instruments. Hence, industrial test systems need to get more & more reliable and accurate in sync with industrial development that has taken place in recent years. Current trends in the torque sensor market such as e-mobility and reducing emissions of combustion engines has strengthened the market for higher precision in dynamic torque measurement devices. Furthermore, increase in mechanical output, improvement of efficiency, conservation of energy resources, and reduction in environmental pollution are all gaining importance in the magneto- elastic torque sensor market.
Magneto elastic sensors have evolved as a viable alternative to strain-gauge systems, especially in volume production of more price-sensitive equipment. The compelling advantage from a technology perspective is that magneto elastic sensors have cost structures that make them compatible for mass production. An existing component is converted to the primary force sensor only by magnetic encoding. This process does not add any material cost, but merely represents a processing step which can be done within seconds. As a result, there is typically no extra material cost entailed in manufacturing. This is anticipated to have a positive impact on the overall global magneto elastic torque sensor market.
Since magnetization needs to last for several decades, the selection of suitable metals is somewhat limited in case of magneto elastic torque sensors, which is anticipated to indirectly hamper the market. Many steel alloys commonly used for mechanical parts such as gearboxes or driveshaft fulfill these requirements.
Torque sensors have been used in frequent applications in the automotive industry. Rotary torque sensors are used for strain measurement, testing of the clutch & gearboxes, and dynamic torque within the engine. Moreover, powertrain, brake, and suspension systems are being tested using torque sensors, which are also used to measure horsepower to improve fuel efficiency. Many automotive manufacturers use the in-vehicle torque sensors for mapping the engine torque and calibrating automatic transmission. Furthermore, torque sensors are also being used in fleet & customer-use testing so engineers can collect the data under ordinary or extraordinary conditions.
Attracted by this expanding market and underlying latent demand, several players are expanding their business through strategic mergers and acquisitions and partnerships with end-use industries.In September 2017, Kistler Group acquired Corrsys-Datron Sensor system GmbH. This acquisition enables Kistler to round off its range of measuring systems for vehicle dynamic testing in automobile development.
Some of the prominent players identified in the magneto elastic torque sensor market include ABB Ltd, Applied Measurements Ltd., Crane Electronics Ltd, Honeywell Sensing and Control, HITEC Sensor Developments, Inc., Kistler Instrumente AG, MagCanica, Methode Electronics, and Texas Instruments, Inc.
Magneto Elastic Torque Sensor Market to Gain High Revenues Owing to Increasing Emphasis on Eco-friendly Sensors used in Vehicles
The rising meaning of torque testing in the social gathering of safety related sections and stuff is needed to offer a huge lift for the interest for torque sensors. The market will in like manner get a shock with the quick improvement of aircraft fleet. With greater amounts of aircrafts being made, a looking at climb in the proposals of torque sensors is projected to develop during the gauge time period. The sensors work in perpetually checking and assessing helicopter powertrain noticing systems and control application will in like manner place in a favorable situation, as these machines are the fundamental strategies for transport to and from toward the ocean oil rigs and other far off oil fields. This lifts the development of worldwide magneto elastic torque sensor market.
Interest for exact torque estimation arrangements is expanding in an incredible way and supporting the gigantic development capability of torque sensors. Likewise, quick progress in modern assembling, just as innovative work requires better expectations of exactness for all estimating instruments. Henceforth, mechanical test frameworks need to get more & increasingly solid and exact in a state of harmony with modern advancement that has occurred as of late.
The interest for exact torque estimation strategies is developing and cementing the capability of torque sensors.
Expanding progress in modern assembling and innovative work requires better expectations of exactness for all estimating instruments. Current floats in the torque sensor market, for instance, e-adaptability and diminishing radiations of consuming engines has supported the market for higher precision in one of kind torque assessment contraptions. In addition, increase in mechanical yield, improvement of profitability, security of essentialness resources, and lessening in environmental tainting are overall getting importance in the magneto-elastic torque sensor market.
Torque sensors have been utilized in continuous applications in the auto business. Rotational torque sensors are utilized for strain estimation, testing of the grip and gearboxes, and dynamic torque inside the motor. Besides, powertrain, brake, and suspension frameworks are being tried utilizing torque sensors, which are additionally used to gauge pull to improve eco-friendliness. Numerous auto makers utilize the in-vehicle torque sensors for planning the motor torque and adjusting programmed transmission. Besides, torque sensors are additionally being utilized in armada and client use testing so designers can gather the information under customary or exceptional conditions.
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1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Magneto Elastic Torque Sensor Market
4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Key Trends Analysis
4.4. Key Market Indicators
4.5. Key Product Developments
4.6. Global Magneto Elastic Torque Sensor Market Analysis and Forecast, 2016 - 2026
4.6.1. Market Revenue Projections (US$ Million)
4.6.2. Market Volume Projections (Million Units)
4.6.3. Price Trend Analysis
4.7. Porter’s Five Forces Analysis - Global Magneto Elastic Torque Sensor Market
4.8. Value Chain Analysis - Global Magneto Elastic Torque Sensor Market
4.9. Market Outlook
5. Global Magneto Elastic Torque Sensor Market Analysis and Forecast, By Application
5.1. Overview & Definitions
5.2. Global Magneto Elastic Torque Sensor Market Size (US$ Million and Million Units) Forecast, By Application, 2016 - 2026
5.3.1. Automotive
5.3.2. Aerospace & Defense
5.3.3. Research & Development
5.3.4. Industrial
5.3.5. Others
5.3. Application Comparison Matrix
5.4. Market Attractiveness By Application
6. Global Magneto Elastic Torque Sensor Market Analysis and Forecast, by Region
6.1. Key Findings
6.2. Global Magneto Elastic Torque Sensor Market Size (US$ Million and Million Units) Forecast, by Region, 2016 - 2026
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Middle East & Africa
6.2.5. South America
6.3. Market Attractiveness by Region
7. North America Magneto Elastic Torque Sensor Market Analysis and Forecast
7.1. Key Findings
7.2. Magneto Elastic Torque Sensor Market Size (US$ Million and Million Units) Forecast, By Application, 2016 - 2026
7.2.1. Automotive
7.2.2. Aerospace & Defense
7.2.3. Research & Development
7.2.4. Industrial
7.2.5. Others
7.3. Magneto Elastic Torque Sensor Market Size (US$ Million and Million Units) Forecast, By Country and Region, 2016 - 2026
7.3.1. U.S.
7.3.2. Canada
7.3.3. Rest of North America
7.4. Market Attractiveness Analysis
7.4.1. By Application
7.4.2. By Country
8. Europe Magneto Elastic Torque Sensor Market Analysis and Forecast
8.1. Key Findings
8.2. Magneto Elastic Torque Sensor Market Size (US$ Million and Million Units) Forecast, By Application, 2016 - 2026
8.2.1. Automotive
8.2.2. Aerospace & Defense
8.2.3. Research & Development
8.2.4. Industrial
8.2.5. Others
8.3. Magneto Elastic Torque Sensor Market Size (US$ Million and Million Units) Forecast, By Country and Region, 2016 - 2026
8.3.1. Germany
8.3.2. U.K.
8.3.3. France
8.3.4. Rest of Europe
8.4. Market Attractiveness Analysis
8.4.1. By Application
8.4.2. By Country
9. Asia Pacific Magneto Elastic Torque Sensor Market Analysis and Forecast
9.1. Key Findings
9.2. Magneto Elastic Torque Sensor Market Size (US$ Million and Million Units) Forecast, By Application, 2016 - 2026
9.2.1. Automotive
9.2.2. Aerospace & Defense
9.2.3. Research & Development
9.2.4. Industrial
9.2.5. Others
9.3. Magneto Elastic Torque Sensor Market Size (US$ Million and Million Units) Forecast, By Country and Region, 2016 - 2026
9.3.1. China
9.3.2. India
9.3.3. Japan
9.3.4. Australia
9.3.5. Rest of Asia Pacific
9.4. Market Attractiveness Analysis
9.4.1. By Application
9.4.2. By Country
10. Middle East & Africa Magneto Elastic Torque Sensor Market Analysis and Forecast
10.1. Key Findings
10.2. Magneto Elastic Torque Sensor Market Size (US$ Million and Million Units) Forecast, By Application, 2016 - 2026
10.2.1. Automotive
10.2.2. Aerospace & Defense
10.2.3. Research & Development
10.2.4. Industrial
10.2.5. Others
10.3. Magneto Elastic Torque Sensor Market Size (US$ Million and Million Units) Forecast, By Country and Region, 2016 - 2026
10.3.1. GCC
10.3.2. South Africa
10.3.3. Rest of Middle East & Africa
10.4. Market Attractiveness Analysis
10.4.1. By Application
10.4.2. By Country
11. South America Magneto Elastic Torque Sensor Market Analysis and Forecast
11.1. Key Findings
11.2. Magneto Elastic Torque Sensor Market Size (US$ Million and Million Units) Forecast, By Application, 2016 - 2026
11.2.1. Automotive
11.2.2. Aerospace & Defense
11.2.3. Research & Development
11.2.4. Industrial
11.2.5. Others
11.3. Magneto Elastic Torque Sensor Market Size (US$ Million and Million Units) Forecast, By Country and Region, 2016 - 2026
11.3.1. Brazil
11.3.2. Rest of South America
11.4. Market Attractiveness Analysis
11.4.1. By Application
11.4.2. By Country
12. Competition Landscape
12.1. Market Player – Competition Matrix
12.2. Market Share Analysis By Company (2017)
12.3. Company Profiles (Details – Overview, Financials, SWOT Analysis, Strategy)
12.3.1. ABB Ltd
12.3.2. Applied Measurements Ltd.
12.3.3. Crane Electronics Ltd
12.3.4. Honeywell Sensing and Control
12.3.5. HITEC Sensor Developments, Inc.
12.3.6. Kistler Instrumente AG
12.3.7. MagCanica
12.3.8. Methode Electronics.
12.3.9. Texas Instruments, Inc.
13. Key Takeaways
List of Tables
Table 1: Global Magneto Elastic Torque Sensor Market Size (USD Million) Forecast, by Application, 2016–2026
Table 2: Global Magneto Elastic Torque Sensor Market Size (Million Units) Forecast, by Application, 2016–2026
Table 3: Global Magneto Elastic Torque Sensor Market Forecast Size (US$ Million) Forecast, by Region, 2016 – 2026
Table 4: Global Magneto Elastic Torque Sensor Market Forecast Size (Million Units) Forecast, by Region, 2016 – 2026
Table 5: North America Magneto Elastic Torque Sensor Market Size (US$ Million) Forecast, by Application, 2016 – 2026
Table 6: North America Magneto Elastic Torque Sensor Market Size (Million Units) Forecast, by Application, 2016 – 2026
Table 7: North America Magneto Elastic Torque Sensor Market Size (US$ Million) Forecast, by Country, 2016 – 2026
Table 8: North America Magneto Elastic Torque Sensor Market Size (Million Units) Forecast, by Country, 2016 – 2026
Table 9: Europe Magneto Elastic Torque Sensor Market Size (US$ Million) Forecast, by Application, 2016 – 2026
Table 10: Europe Magneto Elastic Torque Sensor Market Size (Million Units) Forecast, by Application, 2016 – 2026
Table 11: Europe Magneto Elastic Torque Sensor Market Size (US$ Million) Forecast, by Country, 2016 – 2026
Table 12: Europe Magneto Elastic Torque Sensor Market Size (Million Units) Forecast, by Country, 2016 – 2026
Table 13: Asia Pacific Magneto Elastic Torque Sensor Market Size (US$ Million) Forecast, by Application, 2016 – 2026
Table 14: Asia Pacific Magneto Elastic Torque Sensor Market Size (Million Units) Forecast, by Application, 2016 – 2026
Table 15: Asia Pacific Magneto Elastic Torque Sensor Market Size (US$ Million) Forecast, by Country, 2016 – 2026
Table 16: Asia Pacific Magneto Elastic Torque Sensor Market Size (Million Units) Forecast, by Country, 2016 – 2026
Table 17: MEA Magneto Elastic Torque Sensor Market Size (US$ Million) Forecast, by Application, 2016 – 2026
Table 18: MEA Magneto Elastic Torque Sensor Market Size (Million Units) Forecast, by Application, 2016 – 2026
Table 19: MEA Magneto Elastic Torque Sensor Market Size (US$ Million) Forecast, by Country, 2016 – 2026
Table 20: MEA Magneto Elastic Torque Sensor Market Size (Million Units) Forecast, by Country, 2016 – 2026
Table 21: South America Magneto Elastic Torque Sensor Market Size (US$ Million) Forecast, by Application, 2016 – 2026
Table 22: South America Magneto Elastic Torque Sensor Market Size (Million Units) Forecast, by Application, 2016 – 2026
Table 23: South America Magneto Elastic Torque Sensor Market Size (US$ Million) Forecast, by Country, 2016 – 2026
Table 24: South America Magneto Elastic Torque Sensor Market Size (Million Units) Forecast, by Country, 2016 – 2026
List of Figures
Figure 1: Global Magneto elastic Torque Sensor Market Size, by Application (US$ Million)
Figure 2: Global Magneto elastic Torque Sensor Market, Analysis, by Application
Figure 3: Global Magneto elastic Torque Sensor Market Share, by Application (2017)
Figure 4: Global Magneto Elastic Torque Sensor Market Revenue Projection (US$ Million), 2016 – 2026
Figure 5: Global Magneto Elastic Torque Sensor Market Volume Projection (Million Units), 2016 – 2026
Figure 6: Global Magneto Elastic Torque Sensor Market Value Chain Analysis
Figure 7: Magneto Elastic Torque Sensor Market CAGR (%) by Application (2018 – 2026)
Figure 8: Global Magneto Elastic Torque Sensor Market Value Share Analysis, by Application, 2018 and 2026
Figure 9: Magneto Elastic Torque Sensor Market, by Application, Automotive
Figure 10: Magneto Elastic Torque Sensor Market, by Application, Aerospace & Defense
Figure 11: Magneto Elastic Torque Sensor Market, by Application, Research & Development
Figure 12: Magneto Elastic Torque Sensor Market, by Application, Industrial
Figure 13: Magneto Elastic Torque Sensor Market, by Application, Others
Figure 14: Global Magneto Elastic Torque Sensor Market Comparison Matrix, by Application
Figure 15: Global Magneto Elastic Torque Sensor Market, Market Attractiveness, by Application
Figure 16: Global Magneto Elastic Torque Sensor Market Value Share Analysis, by Region, 2018 and 2026
Figure 17: Magneto Elastic Torque Sensor Market, by Region, North America
Figure 18: Magneto Elastic Torque Sensor Market, by Region, Europe
Figure 19: Magneto Elastic Torque Sensor Market, by Region, APAC
Figure 20: Magneto Elastic Torque Sensor Market, by Region, MEA
Figure 21: Magneto Elastic Torque Sensor Market, by Region, South America
Figure 22: North America Magneto Elastic Torque Sensor Market, by Application, Automotive
Figure 23: North America Magneto Elastic Torque Sensor Market, by Application, Aerospace & Defense
Figure 24: North America Magneto Elastic Torque Sensor Market, by Application, Research & Development
Figure 25: North America Magneto Elastic Torque Sensor Market, by Application, Industrial
Figure 26: North America Magneto Elastic Torque Sensor Market, by Application, Others
Figure 27: North America Magneto Elastic Torque Sensor Market Value Share Analysis, by Application, 2018 and 2026
Figure 28: North America Magneto Elastic Torque Sensor Market Value Share Analysis, by Country and Region, 2018 and 2026
Figure 29: North America Magneto Elastic Torque Sensor Market, by Country, U.S.
Figure 30: North America Magneto Elastic Torque Sensor Market, by Country, Canada
Figure 31: North America Magneto Elastic Torque Sensor Market, by Country, Rest of North America
Figure 32: North America Magneto Elastic Torque Sensor Market Attractiveness Analysis, by Application
Figure 33: North America Magneto Elastic Torque Sensor Market Attractiveness Analysis, by Country
Figure 34: Europe Magneto Elastic Torque Sensor Market, by Application, Automotive
Figure 35: Europe Magneto Elastic Torque Sensor Market, by Application, Aerospace & Defense
Figure 36: Europe Magneto Elastic Torque Sensor Market, by Application, Research & Development
Figure 37: Europe Magneto Elastic Torque Sensor Market, by Application, Industrial
Figure 38: Europe Magneto Elastic Torque Sensor Market, by Application, Others
Figure 39: Europe Magneto Elastic Torque Sensor Market Value Share Analysis, by Application, 2018 and 2026
Figure 40: Europe Magneto Elastic Torque Sensor Market Value Share Analysis, by Country, 2018 and 2026
Figure 41: Europe Magneto Elastic Torque Sensor Market, by Country, Germany
Figure 42: Europe Magneto Elastic Torque Sensor Market, by Country, the U.K.
Figure 43: Europe Magneto Elastic Torque Sensor Market, by Country, France
Figure 44: Europe Magneto Elastic Torque Sensor Market, by Country, Rest of Europe
Figure 45: Europe Magneto Elastic Torque Sensor Market Attractiveness Analysis, by Application
Figure 46: Europe Magneto Elastic Torque Sensor Market Attractiveness Analysis, by Country
Figure 47: Asia Pacific Magneto Elastic Torque Sensor Market Value Share Analysis, by Application, 2018 and 2026
Figure 48: Asia Pacific Magneto Elastic Torque Sensor Market, by Application, Automotive
Figure 49: Asia Pacific Magneto Elastic Torque Sensor Market, by Application, Aerospace & Defense
Figure 50: Asia Pacific Magneto Elastic Torque Sensor Market, by Application, Research & Development
Figure 51: Asia Pacific Magneto Elastic Torque Sensor Market, by Application, Industrial
Figure 52: Asia Pacific Magneto Elastic Torque Sensor Market, by Application, Others
Figure 53: Asia Pacific Magneto Elastic Torque Sensor Market, by Country, China
Figure 54: Asia Pacific Asia Pacific Magneto Elastic Torque Sensor Market, by Country, India
Figure 55: Magneto Elastic Torque Sensor Market, by Country, Japan
Figure 56: Asia Pacific Magneto Elastic Torque Sensor Market, by Country, Australia
Figure 57: Asia Pacific Magneto Elastic Torque Sensor Market, by Country, Rest of APAC
Figure 58: Asia Pacific Magneto Elastic Torque Sensor Market Value Share Analysis, by Country, 2018 and 2026
Figure 59: Asia Pacific Magneto Elastic Torque Sensor Market Attractiveness Analysis, by Application
Figure 60: Asia Pacific Magneto Elastic Torque Sensor Market Attractiveness Analysis, by Country
Figure 61: MEA Magneto Elastic Torque Sensor Market, by Application, Automotive
Figure 62: MEA Magneto Elastic Torque Sensor Market, by Application, Aerospace & Defense
Figure 63: MEA Magneto Elastic Torque Sensor Market, by Application, Research & Development
Figure 64: MEA Magneto Elastic Torque Sensor Market, by Application, Industrial
Figure 65: MEA Magneto Elastic Torque Sensor Market, by Application, Others
Figure 66: MEA Magneto Elastic Torque Sensor Market Value Share Analysis, by Application, 2018 and 2026
Figure 67: MEA Magneto Elastic Torque Sensor Market Value Share Analysis, by Country, 2018 and 2026
Figure 68: MEA Magneto Elastic Torque Sensor Market, by Country, GCC
Figure 69: MEA Magneto Elastic Torque Sensor Market, by Country, South Africa
Figure 70: MEA Magneto Elastic Torque Sensor Market, by Country, Rest of MEA
Figure 71: MEA Magneto Elastic Torque Sensor Market Attractiveness Analysis, by Application
Figure 72: MEA Magneto Elastic Torque Sensor Market Attractiveness Analysis, by Country
Figure 73: South America Magneto Elastic Torque Sensor Market Value Share Analysis, by Application, 2018 and 2026
Figure 74: South America Magneto Elastic Torque Sensor Market, by Application, Automotive
Figure 75: South America Magneto Elastic Torque Sensor Market, by Application, Aerospace & Defense
Figure 76: South America Magneto Elastic Torque Sensor Market, by Application, Research & Development
Figure 77: South America Magneto Elastic Torque Sensor Market, by Application, Industrial
Figure 78: South America Magneto Elastic Torque Sensor Market, by Application, Others
Figure 79: South America Magneto Elastic Torque Sensor Market Value Share Analysis, by Country, 2018 and 2026
Figure 80: South America Magneto Elastic Torque Sensor Market, by Country, Brazil
Figure 81: South America Magneto Elastic Torque Sensor Market, by Country, Rest of South America
Figure 82: South America Magneto Elastic Torque Sensor Market Attractiveness Analysis, by Application
Figure 83: South America Magneto Elastic Torque Sensor Market Attractiveness Analysis, by Country
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