Torque Sensor Market Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2027
Market Research Future published a research report on “Torque Sensor Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. Torque sensors are sensors capable of measuring the rotational speed on crankshafts, gearboxes, electric motors, and engines. It is also known as transducer or torque meter. The global torque sensor market report by Market Research Future (MRFR) provides business intelligence to competitors in the industry with the major focus on drivers and challenges. It forecasts estimations on revenue and growth for the period of 2018 to 2023 (forecast period). The COVID-19 outbreak and its impact on the industry are explored in the report. Market Scope The global torque sensor market is expected to reach USD 12.69 billion by 2023 at a CAGR of 7.82% over the forecast period. It was valued at USD 8.25 billion in 2017. The market is driven by the increasing production of electric and hybrid vehicles and n...