Global Torque Sensor Market Global Torque Sensor Market Dublin, Oct. 06, 2023 (GLOBE NEWSWIRE) The "Global Torque Sensor Market by Type (Reaction Torque Sensors, Rotary Torque Sensors), Technology (Magnetoelastic, Optical, Strain Gauge), Application - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering. The global torque sensor market has witnessed substantial growth, with an estimated valu
Torque Sensor Market worth $9.0 billion by 2026 - Exclusive Report by MarketsandMarkets
Torque Sensor Market with COVID-19 Impact Analysis by Type (Rotary Torque Sensors and Reaction Torque Sensors), Application (Automotive, Test & Measurement, Industrial, Aerospace & Defense), Technology, and Geography - Global Forecast to 2026 , published by MarketsandMarkets, the Torque Sensor Market is projected to grow from USD 6.8 billion in 2021 to USD 9.0 billion by 2026; it is expected to grow at a CAGR of 5.7% during the forecast period. Owing to COVID-19, the torque market is estimated to face headwinds for 2020-2021. The growth of the torque sensor market is driven by factors such as increasing demand for advanced high-performance vehicles and the growing importance of torque measurement. The electric power steering (EPS) system is one of the largest application areas of torque sensors in the automotive industry. EPS systems need high-precision torque sensors for the accurate measur
Torque Sensor Market with COVID-19 Impact Analysis by Type (Rotary Torque Sensors and Reaction Torque Sensors), Application (Automotive, Test & Measurement, Industrial, Aerospace & Defense), Technology, and Geography – Global Forecast to 2026 , published by MarketsandMarkets™, the Torque Sensor Market is projected to grow from USD 6.8 billion in 2021 to USD 9.0 billion by 2026; it is expected to grow at a CAGR of 5.7% during the forecast period. Owing to COVID-19, the torque market is estimated to face headwinds for 2020–2021. The growth of the torque sensor market is driven by factors such as increasing demand for advanced high-performance vehicles and the growing importance of torque measurement. The electric power steering (EPS) system is one of the largest application areas of torque sensors in the automotive industry. EPS systems need high-precision torque sensors for the accurate measurement of force applied by the driver to provide the necessary feedback as steerin