Lucintel's latest study found that, The future of the global static torque sensor market looks promising with opportunities in the manufacturing, robotic, automotive, aerospace & defense, medical sector, agriculture, printing and packaging, and industrial markets. The global static torque sensor market is expected to reach an estimated $8.7 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are the growing significance of torque measurement, the increasing need for improved high-performance automobiles and global need for static torque sensors in the vehicle sector, along with the integration of digital and wireless features.
In this market, single bond, double bond, and flange are the major segments of static torque sensor market by product.
Lucintel forecasts that flange is expected to witness the highest growth over the forecast period because of its wide range of in-line torque measuring applications.
Browse in depth TOC of the Static Torque Sensor Market
100 - Figures
150-Pages
Static Torque Sensor Market is marked by presence of several big and small players. Futek Advanced Sensor Technology, Honeywell International, A&D Company, Deprag, ATI Industrial Automation, HBM, and LORD Microstrain are the major suppliers in the static torque sensors market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].