Global Automotive Torque Sensor Market 2017-2021

Overview of the global automotive torque sensor market

According to Technavio’s research analysis, the rising demand for high-performance vehicles will be one of the major factors that will have a positive impact on the global automotive torque sensor market during the forecast period. Our market research analysts predict that in terms of units, this market will grow at a CAGR of almost 4% by 2021. The automotive industry around the world is witnessing a solid rise in demand for high-performance vehicles. Compared to other vehicles, high-performance vehicles need more of torque measurement for engine, drivetrain, powertrain, and transmission calibration. Additionally, high-performance commercial vehicles also have the need for torque sensors for engine calibrations, safety, and transmission.

The increasing demand for wireless connectivity in the torque sensors is one of the key trends that will contribute to the market growth. The increased implementation of industrial wireless sensor networks in the automotive industry will raise the demand for wireless torque sensors in the future. In wireless torque sensors, the radio frequency (RF) telemetry is used instead of slip rings. This makes the sensors more dependable and long lasting. Also, the wireless torque sensor systems are increasingly used in applications where conventional torque transducers are not suitable due to high shaft speeds, vibrations, and contaminated environment.

Competitive landscape and key vendors  

The increasing demand for the electric power steering and automatic transmission vehicles will increase the competition in the global automotive torque sensor market. There will be new entrants in the torque tester market during the forecast period which will also raise the competition levels between the existing vendors.

The leading vendors in the market are –

• Bosch
• DENSO
• HBM Test and Measurement
• Honeywell Sensing and Control
• TE Connectivity

The other prominent vendors in the market are AVL List, Bourns, FUTEK Advanced Sensor Technology, Infineon Technologies, Kistler Group, Stoneridge, and Valeo.

Segmentation by vehicle type and analysis of the automotive torque sensor market

• Passenger vehicles
• Commercial vehicles

During 2016, the passenger vehicle segment accounted for the major shares of the automotive torque sensor market. Factors such as the increasing market for automatic transmission in passenger vehicles   in emerging economies like India and China and in developed economies in the Americas and Europe will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the automotive torque sensor market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive torque sensor market throughout the forecast period. The rising investments in technology, improved mass production systems and economic growth potential in emerging countries like China and India is boosting the growth of this market in the region.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive torque sensor market?
• What are the key market trends impacting the growth of the global automotive torque sensor market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive torque sensor market?
• What are the market opportunities and threats faced by the vendors in the global automotive torque sensor market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive torque sensor market?

Technavio also offers customization on reports based on specific client requirement.