Torque Sensors Market Size to Grow USD 11810 Million by 2029 at a CAGR of 4.5% | Valuates Reports
BANGALORE, India, April 25, 2024 /PRNewswire/ -- Torque Sensors Market is Segmented by Type ( Reaction Torque Sensor , Rotary Torque Sensor , Super Acoustic Wave (SAW) Torque Sensor, Optical Torque Sensor ), by Application (Automotive, Manufacturing, Aerospace and Defense, Healthcare)
- BANGALORE, India, April 25, 2024 /PRNewswire/ -- Torque Sensors Market is Segmented by Type ( Reaction Torque Sensor , Rotary Torque Sensor , Super Acoustic Wave (SAW) Torque Sensor, Optical Torque Sensor ), by Application (Automotive, Manufacturing, Aerospace and Defense, Healthcare)
The Global Torque Sensors Market size is expected to reach US$ 11810 million by 2029, growing at a CAGR of 4.5% from 2023 to 2029. - The market for torque sensors is expanding rapidly thanks to a number of important considerations.
- Second, the market is expanding due to strict government laws requiring the usage of torque sensors for safety and quality assurance.
- The need for torque sensors is also being driven by the increased emphasis on predictive maintenance and real-time machinery monitoring to maximize operational efficiency.