Strong Automotive Production in Developing Countries to Drive Demand for Torque Sensors, according to a Soon to Be Released Report by Global Industry Analysts, Inc.
GIA announces the launch of a comprehensive primary research program studying the global market for “Torque Sensors”. The soon to be released report identifies technology innovation and healthy demand from end-use sectors including automotive and industrial & plant engineering as key market driving forces.
San Jose, California (PRWEB) December 06, 2013
Follow us on LinkedIn – GIA invites senior industry executives, domain experts, technologists and market strategists to participate in a comprehensive global research initiative studying the “Torque Sensors” markets. The study will examine key drivers and trends impacting the market such as growing automotive production in developing countries and ensuing rise in demand for Surface Acoustic Wave (SAW) torque sensors; increased investments in plant infrastructure in the manufacturing sector and resulting demand for torque sensors for turbomachinery; increased emphasis on preventive machine condition monitoring and the indispensability of torque measurement in identifying performance deterioration; emerging new applications in medical prosthetics, robotics, and sports automobiles like race bikes and cars.
Defined as a sensor designed to measure the force acting on a rotating object or system, Torque Sensors are poised to witness healthy growth in the coming years. Torque measurement is important and critical in almost all rotating machinery such as crankshaft, transmission system, engines, gearbox, and motors, among others. On the plant floor, torque measurement on rotating machinery aids in measuring production efficiency and quality of the assembly line process. In the automotive industry, changing vehicle manufacturing standards is throwing the focus on torque sensors. Increasing use of driver assistance systems, such as, dynamic/electronic stability control, and electric power steering, is creating increased demand for noncontact sensors for use in passenger cars and commercial vehicles. For off-road vehicles like tractors, focus on traction management against the backdrop of the growing quest for fuel efficiency is spewing opportunities for measuring torque distribution on vehicle tires. Currently being developed are virtual torque sensors that allow electromechanical steering systems to be used even in the event of failure of the torque sensor. Technology developments, especially in the area of dynamic torque measurement, are expected to benefit the market.
Growing awareness over the importance of accurate torque measurement coupled with technology improvements in sensor sensitivity is driving growth in medical and health research applications. The trend towards miniaturization of sensors is also expected to aid in technology proliferation in the medical devices industry. Emerging applications in this space include use in robotic surgical systems, surgical stapler testing, pharmaceutical tablet forming, fitness and rehabilitation equipment, and testing prosthetics, especially torsion loads on ligaments. Technology developments related to miniaturization, wireless torque sensors, brushless rotary torque sensors, non-contact torque sensors, among others, will help drive interest in torque sensing solutions.
The study estimates Torque Sensors to be a multi-million dollar market worldwide, while more precise market-size and growth projections for a 14-year period will be made available during the 2nd stage of report preparation, and data analysis.
The research and analyses will be released shortly in the form of a comprehensive research report. The report by design, will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modeled to offer precise and unbiased, actionable market insights including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.
Developed for Manufacturers, Strategic Planners, Business Development Executives, Management Consultants, Investment Bankers, Consulting Firms, Marketing & Sales Executives, C-Level Decision Makers, Market Strategists and Technology Domain Experts, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.
For more details about how you can participate, please click here.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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