The Europe Torque Sensor Market would witness market growth of 7.1% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 1,769.2 thousand units, showcasing a growth of 17.8% (2020-2023).
Reaction Torque Sensors are specialized devices designed to measure the reaction torque generated in a system when a force is applied. Unlike Rotary Torque Sensors that measure torque directly on a rotating shaft, Reaction Torque Sensors are often used in static or non-rotating applications where torque is produced as a reaction to an applied force. These sensors are commonly employed in testing equipment, industrial machinery, and research environments to gauge the torque exerted during various processes. Hence, the Germany market consumed 170.21 thousand units in 2023.
The Germany market dominated the Europe Torque Sensor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $999.3 million by 2031. The UK market is exhibiting a CAGR of 6.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 8% during (2024 - 2031).
In the manufacturing industry, these sensors are utilized for torque monitoring, process control, and quality assurance in machining, assembly, and tightening operations. Accurately measuring torque enables manufacturers to detect abnormalities, prevent equipment failures, and ensure product integrity. Additionally, these sensors are deployed in robotics for force feedback control, torque regulation, and collision avoidance, enhancing the efficiency and safety of robotic systems.
Furthermore, the market is characterized by several noteworthy trends and innovations shaping its trajectory and driving technological advancements. One prominent trend is the miniaturization of these sensors, facilitated by advancements in microelectromechanical systems (MEMS) technology and materials science. Miniaturized sensors offer advantages such as reduced size, weight, and power consumption, making them ideal for space-constrained automotive, aerospace, and robotics applications.
As per the data from the International Trade Administration, the latest available data (December 2022) show that in 2022, the automotive sector’s turnover was €92.7 billion, which was 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. In 2022, 782,629 vehicles (486,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses) were produced in Italy. 1,335,487 new cars, 9.5% fewer than in the prior year, were registered in 2022. Additionally, In the UK, aircraft manufacturing is a key industry within the aerospace sector. These sensors play a crucial role in ensuring the precise assembly of aircraft components, such as engines, wings, and landing gear. As per the International Trade Administration, the aerospace sector in the United Kingdom is export-driven and ranks second largest globally, after the United States. Civil aerospace revenue in the United Kingdom reached an estimated $34.5 billion in 2022. The defense industry achieved an approximate turnover of $29 billion in 2022, of which $15 billion was allocated for exports. Thus, the growing aerospace and automotive sectors in Europe will boost the expansion of the regional market.
Free Valuable Insights: The Global Torque Sensor Market will Hit USD 21.8 Billion by 2031, at a CAGR of 7.6%
Based on Type, the market is segmented into Rotary Torque Sensors, and Reaction Torque Sensors. Based on Application, the market is segmented into Automotive, Aerospace & Defense, Test & Measurement, Industrial, and Others. Based on Technology, the market is segmented into Strain Gauge, Magnetoelastic, Surface Acoustic Wave, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
By Technology (Volume, Thousand Units, USD Billion, 2020-2031)
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
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