Global Torque Sensor Market: Growing Demand from Automotive and Transport Sector to Expand Market at 9.3% CAGR
Torque sensors or torque transducers are used to measure the torque of rotating systems such as the gearbox, electric motors, craft shifts, and others. Torque is an important parameter in all engines and machines and needs constant measurement and monitoring. The global torque sensor market is expected to expand at a CAGR of 9.3% during the period of 2015 to 2021. The market was worth US$1,105.9 mn by the end of 2015 and is expected to reach US$1,889.9 mn by...
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