Torque Sensors Market Tremendous Growth Triggering the Market Growth with Adoption to Quality Standard Specifications
Torque Sensors Market for torque transducer use strain gauges applied to rotating shaft or axle. This method, means to power the strain gauge bridge is necessary, as well as a means to receive the signal from the rotating shaft. This functioning can be accomplished using slip rings, wireless telemetry or rotary transformers. Newer type of torque transducers adds conditioning electronics and an A/D converter to rotating shaft.
Torque Sensors Market demand for better fuel efficiency is considered as the most significant driving factor influencing the growth of the sensor market. The new corporate average fuel economy (CAFE) standards has put a huge pressure on the automation manufacturers to accelerate the development of the electric and hybrid vehicles, as well as radically improve in the fuel economy. The automation companies are working on the different initiatives to meet these rigid guidelines. Due to this, position sensor is expected to face huge demand for the automotive sector for applications.
Torque Sensors Market is contributing equal towards the sector for applications, such as manufacturing, robotics, aerospace & defense, medical sector, agriculture, printing& packaging and industrial. But torque testing equipment in automotive sector is considered to be one of the largest applications for torque sensor. The market for torque sensor application is segmented by technique into In-line, infrared, optical, slip ring, rotary transformer, telemetry and others.
Torque Sensors Market is expected to witness a tremendous growth owing to the factors such as the increase in the applications of the torque sensors; high demand for the torque sensors in automotive segment and rising demand for the torque measurement technology are triggering the market growth. The static and dynamic torque sensor market giving ample of shares in the regions of America, Europe and Asia-Pacific regions.
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