Global Torque Sensor Market Overview 2020, Demand by Regions, Share and Forecast to 2025

According to a new report by IMARC Group, the global torque sensor market grew at a CAGR of around 8% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years. A torque sensor, or torque transducer, stands for an electronic device used for detecting, monitoring, recording, and regulating both linear and rotational forces applied to it. It is primarily deployed for converting mechanical input to an electrical signal. Some of the most common types of torque sensors include strain gauge, super acoustic wave (SAW), optical, piezoelectric, and magnetoelastic torque sensors. These torque sensors find wide applications across several end-use industries, such as aerospace, defense, agriculture, automotive, mining, healthcare, etc. Market Trends The growing automotive industry is catalyzing the use of torque sensors in electric motors, rotors, engines, gearboxes, crankshafts, etc. Additionally, the rising environmental concerns toward