Market Analysis and Insights: Global Automotive Torque Sensor Market
Increasing preferences among the people regarding advanced high performance vehicles across the globe, rising need of torque measurement, increasing applications in electric power steering system are some of the factors that will likely to enhance the growth of the automotive torque sensor market in the forecast period of 2020-2027. On the other hand, introduction of advanced technologies along with rising usages of torque sensors in robotics which will further boost various opportunities that will lead to the growth of the automotive torque sensor market in the above mentioned forecast period.
Low reliability along with high cost of torque transducers are acting as market restraints for automotive torque sensor in the above mentioned forecasted period.
Automotive Torque Sensor Market Country Level Analysis
Automotive torque sensor market is analysed and market size, volume information is provided by country, type, technology, vehicle type, and mechanical configuration as referenced above.
The countries covered in the automotive torque sensor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the automotive torque sensor market due to the prevalence of manufacturers along with large consumer base and favorable government policies while Asia-Pacific will expect to grow in the forecast period of 2020-2027 due to rising development of industry in various regions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Global Automotive Torque Sensor Market Scope and Market Size
· Automotive torque sensor market on the basis of type has been segmented as rotary torque sensors, and reaction torque sensors. Rotary torque sensors have been further segmented into contact-based sensing, and noncontact-based sensing.
· Based on technology, automotive torque sensor market has been segmented into surface acoustic wave, magnetoelastic, optical, and strain gauge.
· On the basis of vehicle type, automotive torque sensor market has been segmented into passenger vehicles, and commercial vehicles.
· On the basis of mechanical configuration, automotive torque sensor market has been segmented into shaft style, and flange style.
Competitive Landscape and Automotive Torque Sensor Market Share Analysis
Automotive torque sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive torque sensor market.
The major players covered in the automotive torque sensor market report are ABB, Crane Electronics Ltd, Futek Advanced Sensor Technology, HBM - Torque Transducers, Honeywell International Inc., Kistler Instruments India Pvt. Ltd., Norbar, Infineon Technologies AG, TELEDYNE TECHNOLOGIES INCORPORATED., DATUM ELECTRONICS, Magcanica, Inc, Interface, Inc, AIMCO, TE Connectivity., Mountz Torque, PCB Piezotronics, Inc., S. Himmelstein and Company, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Customization Available: Global Automotive Torque Sensor Market
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