Torque Sensor Market Demand, Share, Trends, Forecast And Overview 2023-2032 | ABB Group, Applied Measurements Ltd., Crane Electronics Ltd., FUTEK Advanced Sensor Technology Inc., Honeywell International Inc.

The Business Research Company’s Torque Sensor Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Torque Sensor Global Market Report 2023 evaluates torque sensor market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global torque sensor market size grew from $7.77 billion in 2022 to $9.13 billion in 2023 at a compound annual growth rate (CAGR) of 17.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The torque sensor market size is expected to grow to $19.68 billion in 2027 at a CAGR of 21.2%.

The torque sensor market segments in the report are:

1) By Type: Reaction Torque Sensor, Rotary Torque Sensor

2) By Technology: Strain Gauge, Surface Acoustic Wave (SAW), Optical, Magnetoelastic

3) By Application: Automotive, Industrial, Aerospace and Defense, Healthcare

Get More Information On The Torque Sensor Market Report:

https://www.thebusinessresearchcompany.com/report/torque-sensor-global-market-report

The table of contents in TBRC’s torque sensor market report includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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