Lucintel Forecasts the Global Static Torque Sensor Market to Reach $8.7 billion by 2030
Lucintel Forecasts the Global Static Torque Sensor Market to Reach $8.7 billion by 2030
Blog Article
According to a market report by Lucintel, 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 from $6.4 billion in 2024, at 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.
A more than 150-page report to understand trends, opportunity and forecast in static torque sensor market to 2030 by product (single bond, double bond, flange, and others), application (manufacturing, robotics, automotive, aerospace & defense, medical sector, agriculture, printing and packaging, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the product category, flange is expected to witness the highest growth over the forecast period because of its wide range of in-line torque measuring applications.
In terms of regions, APAC will remain the largest region over the forecast period due to the growing usage of static torque sensor devices throughout the region.
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Rivgasasha are the major suppliers in the static torque sensor 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 write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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