North America Torque Sensor Market Size, Share & Trends Analysis Report By Type, By Application, By Technology (Strain Gauge, Magnetoelastic, Surface Acoustic Wave, and Others), By Country and Growth Forecast, 2024 - 2031

The North America Torque Sensor Market would witness market growth of 7.1% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 1,569.7 thousand units, showcasing a growth of 17.4% (2020-2023).

Rotary Torque Sensors are precision instruments designed to measure the torque or rotational force applied to a rotating system. They are crucial in various applications where understanding and monitoring torque is essential, such as automotive, aerospace, manufacturing, and research settings. These sensors typically feature a shaft that connects to the rotating part of the system, allowing them to detect the torque applied during rotation accurately. Thus, the US market consumed 1,163.3 thousand units in 2023.

The US market dominated the North America Torque Sensor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,847.8 million by 2031. The Canada market is experiencing a CAGR of 9.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.6% during (2024 - 2031).

Due to the increasing focus on precision engineering, automation, and quality control in various industries, the utilization of these sensors has increased steadily over the past few years. As manufacturers strive to optimize performance, reduce downtime, and enhance product reliability, the need for accurate torque measurement solutions has become increasingly apparent. The automotive industry, in particular, has been a key driver of sensor adoption, leveraging these sensors for applications such as engine testing, powertrain development, and vehicle dynamics analysis.

Moreover, the increasing aerospace sector catalyzes the growth of the market, driven by the industry’s need for precision engineering, safety assurance, fuel efficiency, electric propulsion systems, UAVs, autonomous systems, space exploration, and satellite deployment. As per the data from the Government of Canada, with a total budget of $250 million over three years (until March 31, 2024), the Aerospace Regional Recovery Initiative (ARRI) was delivered by Canada’s regional development agencies (RDAs).

As Mexico’s automotive manufacturing industry grows, there is an increasing need for precise torque control in assembly processes. These sensors ensure that bolts, nuts, and other fasteners are tightened to the correct specifications, contributing to the overall quality and reliability of vehicles produced. As per the data from the International Trade Administration, Mexico ranks the seventh-largest producer globally, with an annual production of 3.5 million passenger vehicles. Out of the total number of vehicles manufactured in Mexico, 88 percent are exported, with 76 percent being allocated to the United States. Furthermore, as the adoption of electric vehicles increases in Canada, there’s a growing demand for these sensors in EV powertrains. As per the article titled New Motor Vehicle Registrations, third quarter 2022, released by Statistics Canada, overall, 34,313 new zero-emission vehicles (ZEVs) were registered in the third quarter of 2022, comprising 8.7% of total new motor vehicle registrations. The number of new ZEVs registered continued to increase, up 43.2% year over year. Hence, the rising automotive sector and increasing electric vehicle sales in North America will boost the demand for these sensors in the region.

Free Valuable Insights: The Torque Sensor Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Honeywell International, Inc.
• ABB Ltd.
• Amphenol Corporation (PCB Piezotronics, Inc.)
• Sensor Technology Ltd.
• FUTEK Advanced Sensor Technology, Inc.
• TE Connectivity Ltd.
• ATI Industrial Automation, Inc. (Novanta, Inc.)
• Spectris PLC (HBM)
• Interface, Inc.
• Datum Electronics Ltd. (Indutrade AB)

North America Torque Sensor Market Report Segmentation

By Type (Volume, Thousand Units, USD Billion, 2020-2031)

• Rotary Torque Sensors
• Reaction Torque Sensors

By Application (Volume, Thousand Units, USD Billion, 2020-2031)

• Automotive
• Aerospace & Defense
• Test & Measurement
• Industrial
• Others

By Technology (Volume, Thousand Units, USD Billion, 2020-2031)

• Strain Gauge
• Magnetoelastic
• Surface Acoustic Wave
• Others

By Country (Volume, Thousand Units, USD Billion, 2020-2031)

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Torque Sensor Market, by Type
1.4.2 North America Torque Sensor Market, by Application
1.4.3 North America Torque Sensor Market, by Technology
1.4.4 North America Torque Sensor Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. North America Torque Sensor Market by Type
4.1 North America Rotary Torque Sensors Market by Country
4.2 North America Reaction Torque Sensors Market by Country

Chapter 5. North America Torque Sensor Market by Application
5.1 North America Automotive Market by Country
5.2 North America Aerospace & Defense Market by Country
5.3 North America Test & Measurement Market by Country
5.4 North America Industrial Market by Country
5.5 North America Others Market by Country

Chapter 6. North America Torque Sensor Market by Technology
6.1 North America Strain Gauge Market by Country
6.2 North America Magnetoelastic Market by Country
6.3 North America Surface Acoustic Wave Market by Country
6.4 North America Others Market by Country

Chapter 7. North America Torque Sensor Market by Country
7.1 US Torque Sensor Market
7.1.1 US Torque Sensor Market by Type
7.1.2 US Torque Sensor Market by Application
7.1.3 US Torque Sensor Market by Technology
7.2 Canada Torque Sensor Market
7.2.1 Canada Torque Sensor Market by Type
7.2.2 Canada Torque Sensor Market by Application
7.2.3 Canada Torque Sensor Market by Technology
7.3 Mexico Torque Sensor Market
7.3.1 Mexico Torque Sensor Market by Type
7.3.2 Mexico Torque Sensor Market by Application
7.3.3 Mexico Torque Sensor Market by Technology
7.4 Rest of North America Torque Sensor Market
7.4.1 Rest of North America Torque Sensor Market by Type
7.4.2 Rest of North America Torque Sensor Market by Application
7.4.3 Rest of North America Torque Sensor Market by Technology

Chapter 8. Company Profiles
8.1 Datum Electronics Ltd. (Indutrade AB)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.2 Honeywell International, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 ABB Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Amphenol Corporation (PCB Piezotronics, Inc.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Sensor Technology Ltd.
8.5.1 Company Overview
8.6 FUTEK Advanced Sensor Technology, Inc.
8.6.1 Company Overview
8.7 TE Connectivity Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 ATI Industrial Automation, Inc. (Novanta, Inc.)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 Interface, Inc.
8.9.1 Company Overview
8.10. Spectris PLC (HBM)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis

TABLE 1 North America Torque Sensor Market, 2020 - 2023, USD Million
TABLE 2 North America Torque Sensor Market, 2024 - 2031, USD Million
TABLE 3 North America Torque Sensor Market, 2020 - 2023, Thousand Units
TABLE 4 North America Torque Sensor Market, 2024 - 2031, Thousand Units
TABLE 5 North America Torque Sensor Market by Type, 2020 - 2023, USD Million
TABLE 6 North America Torque Sensor Market by Type, 2024 - 2031, USD Million
TABLE 7 North America Torque Sensor Market by Type, 2020 - 2023, Thousand Units
TABLE 8 North America Torque Sensor Market by Type, 2024 - 2031, Thousand Units
TABLE 9 North America Rotary Torque Sensors Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Rotary Torque Sensors Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Rotary Torque Sensors Market by Country, 2020 - 2023, Thousand Units
TABLE 12 North America Rotary Torque Sensors Market by Country, 2024 - 2031, Thousand Units
TABLE 13 North America Reaction Torque Sensors Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Reaction Torque Sensors Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Reaction Torque Sensors Market by Country, 2020 - 2023, Thousand Units
TABLE 16 North America Reaction Torque Sensors Market by Country, 2024 - 2031, Thousand Units
TABLE 17 North America Torque Sensor Market by Application, 2020 - 2023, USD Million
TABLE 18 North America Torque Sensor Market by Application, 2024 - 2031, USD Million
TABLE 19 North America Torque Sensor Market by Application, 2020 - 2023, Thousand Units
TABLE 20 North America Torque Sensor Market by Application, 2024 - 2031, Thousand Units
TABLE 21 North America Automotive Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Automotive Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Automotive Market by Country, 2020 - 2023, Thousand Units
TABLE 24 North America Automotive Market by Country, 2024 - 2031, Thousand Units
TABLE 25 North America Aerospace & Defense Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Aerospace & Defense Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Aerospace & Defense Market by Country, 2020 - 2023, Thousand Units
TABLE 28 North America Aerospace & Defense Market by Country, 2024 - 2031, Thousand Units
TABLE 29 North America Test & Measurement Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Test & Measurement Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Test & Measurement Market by Country, 2020 - 2023, Thousand Units
TABLE 32 North America Test & Measurement Market by Country, 2024 - 2031, Thousand Units
TABLE 33 North America Industrial Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Industrial Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Industrial Market by Country, 2020 - 2023, Thousand Units
TABLE 36 North America Industrial Market by Country, 2024 - 2031, Thousand Units
TABLE 37 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Others Market by Country, 2020 - 2023, Thousand Units
TABLE 40 North America Others Market by Country, 2024 - 2031, Thousand Units
TABLE 41 North America Torque Sensor Market by Technology, 2020 - 2023, USD Million
TABLE 42 North America Torque Sensor Market by Technology, 2024 - 2031, USD Million
TABLE 43 North America Torque Sensor Market by Technology, 2020 - 2023, Thousand Units
TABLE 44 North America Torque Sensor Market by Technology, 2024 - 2031, Thousand Units
TABLE 45 North America Strain Gauge Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Strain Gauge Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Strain Gauge Market by Country, 2020 - 2023, Thousand Units
TABLE 48 North America Strain Gauge Market by Country, 2024 - 2031, Thousand Units
TABLE 49 North America Magnetoelastic Market by Country, 2020 - 2023, USD Million
TABLE 50 North America Magnetoelastic Market by Country, 2024 - 2031, USD Million
TABLE 51 North America Magnetoelastic Market by Country, 2020 - 2023, Thousand Units
TABLE 52 North America Magnetoelastic Market by Country, 2024 - 2031, Thousand Units
TABLE 53 North America Surface Acoustic Wave Market by Country, 2020 - 2023, USD Million
TABLE 54 North America Surface Acoustic Wave Market by Country, 2024 - 2031, USD Million
TABLE 55 North America Surface Acoustic Wave Market by Country, 2020 - 2023, Thousand Units
TABLE 56 North America Surface Acoustic Wave Market by Country, 2024 - 2031, Thousand Units
TABLE 57 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 58 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 59 North America Others Market by Country, 2020 - 2023, Thousand Units
TABLE 60 North America Others Market by Country, 2024 - 2031, Thousand Units
TABLE 61 North America Torque Sensor Market by Country, 2020 - 2023, USD Million
TABLE 62 North America Torque Sensor Market by Country, 2024 - 2031, USD Million
TABLE 63 North America Torque Sensor Market by Country, 2020 - 2023, Thousand Units
TABLE 64 North America Torque Sensor Market by Country, 2024 - 2031, Thousand Units
TABLE 65 US Torque Sensor Market, 2020 - 2023, USD Million
TABLE 66 US Torque Sensor Market, 2024 - 2031, USD Million
TABLE 67 US Torque Sensor Market, 2020 - 2023, Thousand Units
TABLE 68 US Torque Sensor Market, 2024 - 2031, Thousand Units
TABLE 69 US Torque Sensor Market by Type, 2020 - 2023, USD Million
TABLE 70 US Torque Sensor Market by Type, 2024 - 2031, USD Million
TABLE 71 US Torque Sensor Market by Type, 2020 - 2023, Thousand Units
TABLE 72 US Torque Sensor Market by Type, 2024 - 2031, Thousand Units
TABLE 73 US Torque Sensor Market by Application, 2020 - 2023, USD Million
TABLE 74 US Torque Sensor Market by Application, 2024 - 2031, USD Million
TABLE 75 US Torque Sensor Market by Application, 2020 - 2023, Thousand Units
TABLE 76 US Torque Sensor Market by Application, 2024 - 2031, Thousand Units
TABLE 77 US Torque Sensor Market by Technology, 2020 - 2023, USD Million
TABLE 78 US Torque Sensor Market by Technology, 2024 - 2031, USD Million
TABLE 79 US Torque Sensor Market by Technology, 2020 - 2023, Thousand Units
TABLE 80 US Torque Sensor Market by Technology, 2024 - 2031, Thousand Units
TABLE 81 Canada Torque Sensor Market, 2020 - 2023, USD Million
TABLE 82 Canada Torque Sensor Market, 2024 - 2031, USD Million
TABLE 83 Canada Torque Sensor Market, 2020 - 2023, Thousand Units
TABLE 84 Canada Torque Sensor Market, 2024 - 2031, Thousand Units
TABLE 85 Canada Torque Sensor Market by Type, 2020 - 2023, USD Million
TABLE 86 Canada Torque Sensor Market by Type, 2024 - 2031, USD Million
TABLE 87 Canada Torque Sensor Market by Type, 2020 - 2023, Thousand Units
TABLE 88 Canada Torque Sensor Market by Type, 2024 - 2031, Thousand Units
TABLE 89 Canada Torque Sensor Market by Application, 2020 - 2023, USD Million
TABLE 90 Canada Torque Sensor Market by Application, 2024 - 2031, USD Million
TABLE 91 Canada Torque Sensor Market by Application, 2020 - 2023, Thousand Units
TABLE 92 Canada Torque Sensor Market by Application, 2024 - 2031, Thousand Units
TABLE 93 Canada Torque Sensor Market by Technology, 2020 - 2023, USD Million
TABLE 94 Canada Torque Sensor Market by Technology, 2024 - 2031, USD Million
TABLE 95 Canada Torque Sensor Market by Technology, 2020 - 2023, Thousand Units
TABLE 96 Canada Torque Sensor Market by Technology, 2024 - 2031, Thousand Units
TABLE 97 Mexico Torque Sensor Market, 2020 - 2023, USD Million
TABLE 98 Mexico Torque Sensor Market, 2024 - 2031, USD Million
TABLE 99 Mexico Torque Sensor Market, 2020 - 2023, Thousand Units
TABLE 100 Mexico Torque Sensor Market, 2024 - 2031, Thousand Units
TABLE 101 Mexico Torque Sensor Market by Type, 2020 - 2023, USD Million
TABLE 102 Mexico Torque Sensor Market by Type, 2024 - 2031, USD Million
TABLE 103 Mexico Torque Sensor Market by Type, 2020 - 2023, Thousand Units
TABLE 104 Mexico Torque Sensor Market by Type, 2024 - 2031, Thousand Units
TABLE 105 Mexico Torque Sensor Market by Application, 2020 - 2023, USD Million
TABLE 106 Mexico Torque Sensor Market by Application, 2024 - 2031, USD Million
TABLE 107 Mexico Torque Sensor Market by Application, 2020 - 2023, Thousand Units
TABLE 108 Mexico Torque Sensor Market by Application, 2024 - 2031, Thousand Units
TABLE 109 Mexico Torque Sensor Market by Technology, 2020 - 2023, USD Million
TABLE 110 Mexico Torque Sensor Market by Technology, 2024 - 2031, USD Million
TABLE 111 Mexico Torque Sensor Market by Technology, 2020 - 2023, Thousand Units
TABLE 112 Mexico Torque Sensor Market by Technology, 2024 - 2031, Thousand Units
TABLE 113 Rest of North America Torque Sensor Market, 2020 - 2023, USD Million
TABLE 114 Rest of North America Torque Sensor Market, 2024 - 2031, USD Million
TABLE 115 Rest of North America Torque Sensor Market, 2020 - 2023, Thousand Units
TABLE 116 Rest of North America Torque Sensor Market, 2024 - 2031, Thousand Units
TABLE 117 Rest of North America Torque Sensor Market by Type, 2020 - 2023, USD Million
TABLE 118 Rest of North America Torque Sensor Market by Type, 2024 - 2031, USD Million
TABLE 119 Rest of North America Torque Sensor Market by Type, 2020 - 2023, Thousand Units
TABLE 120 Rest of North America Torque Sensor Market by Type, 2024 - 2031, Thousand Units
TABLE 121 Rest of North America Torque Sensor Market by Application, 2020 - 2023, USD Million
TABLE 122 Rest of North America Torque Sensor Market by Application, 2024 - 2031, USD Million
TABLE 123 Rest of North America Torque Sensor Market by Application, 2020 - 2023, Thousand Units
TABLE 124 Rest of North America Torque Sensor Market by Application, 2024 - 2031, Thousand Units
TABLE 125 Rest of North America Torque Sensor Market by Technology, 2020 - 2023, USD Million
TABLE 126 Rest of North America Torque Sensor Market by Technology, 2024 - 2031, USD Million
TABLE 127 Rest of North America Torque Sensor Market by Technology, 2020 - 2023, Thousand Units
TABLE 128 Rest of North America Torque Sensor Market by Technology, 2024 - 2031, Thousand Units
TABLE 129 Key Information – Datum Electronics Ltd.
TABLE 130 Key Information – Honeywell International, Inc.
TABLE 131 Key Information – ABB Ltd.
TABLE 132 key information – Amphenol Corporation
TABLE 133 Key Information – Sensor Technology Ltd.
TABLE 134 Key Information – FUTEK Advanced Sensor Technology, Inc.
TABLE 135 Key information –TE Connectivity Ltd.
TABLE 136 Key Information – ATI Industrial Automation, Inc.
TABLE 137 Key Information – Interface, Inc.
TABLE 138 key information – Spectris PLC

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Torque Sensor Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Torque Sensor Market
FIG 4 Porter’s Five Forces Analysis – Torque Sensor Market
FIG 5 North America Torque Sensor Market share by Type, 2023
FIG 6 North America Torque Sensor Market share by Type, 2031
FIG 7 North America Torque Sensor Market by Type, 2020 - 2031, USD Million
FIG 8 North America Torque Sensor Market share by Application, 2023
FIG 9 North America Torque Sensor Market share by Application, 2031
FIG 10 North America Torque Sensor Market by Application, 2020 - 2031, USD Million
FIG 11 North America Torque Sensor Market share by Technology, 2023
FIG 12 North America Torque Sensor Market share by Technology, 2031
FIG 13 North America Torque Sensor Market by Technology, 2020 - 2031, USD Million
FIG 14 North America Torque Sensor Market share by Country, 2023
FIG 15 North America Torque Sensor Market share by Country, 2031
FIG 16 North America Torque Sensor Market by Country, 2020 - 2031, USD Million
FIG 17 Swot analysis: Honeywell international, inc.
FIG 18 SWOT Analysis: ABB ltd.
FIG 19 SWOT Analysis: Amphenol Corporation
FIG 20 SWOT Analysis: TE Connectivity Ltd