Semiconductor & Electronics
SE 1875 | 2013
TORQUE SENSOR MARKET - GLOBAL FORECAST & ANALYSIS (2013 – 2018) By Technology (Rotary, Static/Reaction, Magnetoelastic, IR, SAW, Optical), Application (Automotive, Industrial, Test & Measurement, Aerospace & Defense, Medical) & Geography
Report Description
Executive Summary Table of Contents List of Tables Sample Tables Related Reports About MarketsandMarkets
MarketsandMarkets North - Dominion Plaza, 17304, Preston Road, Suite 800, Dallas, TX 75252, U.S. Tel. No.: 1-888-600-6441 Email: sales@marketsandmarkets.com Website: www.marketsandmarkets.com
Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
SE 1875 2013
Report Description Key Take-aways •
Global torque sensor technology, application and geography market statistics with detailed classification and splits by revenue and volume.
•
The future of each type of torque sensor from both technical and market-oriented perspectives with technomarket oriented roadmaps.
•
Impact analysis of market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long term landscapes.
•
The global consumption of each type of torque sensor and expected consumptions & potential revenue for the next five years.
•
•
Porter’s analysis in detail along with technology & market roadmaps, evolution & timelines of each type of torque sensor and their respective markets.
Detailed competitive landscape with identification of the key players in each type of product market.
•
Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions.
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Complete value chain, allied industry segments & value chain analysis of the global torque sensor industry and their impacts on the market.
•
Illustrative segmentation, analysis, and forecast of the major geographical markets to give an overall view of the torque sensor market.
Report Description The importance of torque measurement across various applications has been recognized for many years. The use of strain gauge is one of the oldest and most widely used techniques of torque measurement being employed till date. But, recent advancements in torque sensing has led to the development of several new types of torque sensors such as IR torque sensors, magnetoelastic torque sensors, optical torque sensors and SAW (Surface Acoustic Wave) torque sensors. This report primarily deals with all these different types of torque sensors and their future trends during the next five years i.e. 2013-2018.
further segmented by contact and non contact types, and by mounting methods. The major applications of torque sensors such as automotive, industrial, test and measurement, aerospace and defense, and medical have been covered in this report. The report deals with all the factors currently driving the market, as well as restraints and opportunities for the global market. It also throws light on the burnings issues pertaining to this market and winning imperatives for major players to succeed in this industry. The report profiles major companies active in the field of manufacturing torque sensors, along with their product offerings, strategies, financial details, and recent developments.
This report segments the global torque sensor market by technology into rotary torque sensors, static/reaction torque sensors, magnetoelastic torque sensors, SAW torque sensors and optical torque sensors. Rotary torque sensors have been
The market is segmented into four major geographical regions: North America, Europe, Asia-Pacific, and Rest of the World with current and future trends for each region analyzed in the report.
Markets Covered The scope of the report primarily encompasses the major torque sensor applications, technologies, and regional analysis. Each segment is further divided into various sub-groups. For example: applications are segmented into automotive,
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industrial, test & measurement, aerospace & defense, and medical applications. The following tree chart gives an overview of the segmentation.
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SE 1875 2013
Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
Report Description Torque Sensor Market Segmentation Global Torque Sensor Market
By Technology
By Methods Involved In Torque Measurement
By Application
By Mechanical Configuration
Rotary
Shaft Style
Static/Reaction
Smooth
Magnetoelastic
By Geography
Automotive
North America
Industrial
Europe
Test & Measurement
APAC
Aerospace & Defense
ROW
Keyed Medical
Surface Acoustic Wave (SAW)
Single Keyed
Optical
Double Keyed
Others
Flange Style
The different types of torque sensors covered in this report are rotary, static/reaction, magnetoelastic, surface acoustic wave
(SAW) and optical.Rotary torque sensors have been further segmented in the following manner:
Classification Of Rotary Torque Sensors Rotary Torque Sensors
By Methods Used For Power & Signal Transfer
By Mounting Methods Fixed
Contact
Non Contact
Torque Sensors With Slip Rings
Torque Sensors With Rotary Transformers
Floating
Torque Sensors With Rotary Electronics
Torque Sensors With FM Telemetry
Torque Sensors With Digitization Circuit
Torque Sensors With Digital Telemetry
Infrared (IR) Torque Sensors
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SE 1875 2013
Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
Report Description Stake Holders •
Raw material & manufacturing equipment suppliers
•
ODM and OEM technology solution providers
•
Semiconductor wafer vendors
•
Distributors and retailers
•
Fabless torque sensor players
•
Research organizations
•
EDA and IP core vendors
•
•
Foundry players
Technologystandard organizations, forums, alliances and associations
•
Original Equipment Manufacturers (OEMs) (end-user applications)
•
Technology investors
Research Methodology This research study involves the usage of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Business week, Factiva, and one Source to identify and collect information which is useful for the extensive technical and market-oriented study of the global market. The primary sources are mainly different industry experts from core and related industries and preferred suppliers, manufacturers, distributors, administrators, solution providers, technology developers, alliances, standards & certification organizations from companies, organizations related to all the segments of this industry’s value chain. All the primary sources were interviewed to obtain and verify critical qualitative & quantitative information as well as assess the future prospects. The following illustrative figure shows the market research methodology applied in making the report on the global torque sensor market.
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Market Research Methodology
Secondary Research
• • • • • • • •
Value Chain Key Players End-user Applications Market Classification Annual Reports of Key Industry Players Geographical Markets with their Market Shares Market Trends Technological Developments
• Numbers validation Primary Research
Market Crackdown
4
• Competitive Landscape Validation • Market Dynamics Validation
• • • • • • •
Top -Down Approach Bottom -Up Approach Data Triangulation Qualitative & Quantitative Analysis Market Segmentation Market Estimates Market Forecasts
Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
SE 1875 2013
Report Description Market Size Estimation Both - “Top-Down” and “Bottom-Up” approaches were used to estimate and validate the market size of the global market and for market size estimation of various other dependent submarkets in the overall torque sensor segment. The research methodology used to estimate the market size also includes the following details:
All the percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets are covered in this research study which have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets, and presented in this report.
The key players in the industry and markets were identified through secondary research. Besides, formulation of the industry value chain and estimation and forecast of market revenue was done through primary and secondary research. This includes study of the annual and financial reports of top market players and extensive interviews for key opinions from leaders such as CEOs, directors, and marketing executives.
The following figure shows an illustrative representation of the torque sensor market size estimation process implemented in this research study in a consolidated format.
Market Size Estimation Top – Down Approach
Arrived at Overall Market
Total Torque Sensor Market
Percentage Split of Market Segments
Percentage Split of Sub Segments
MARKET SIZE OF TORQUE SENSOR MARKET
Revenue & Shipment of Companies with Respect to Torque Sensor Market
Company -Wise Revenue Sub-Segments Bottom - Up Approach
MARKET INSIGHTS
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Firstly, the bottom-up procedure was implemented in arriving at the overall market size of torque sensors from the unit shipments of each type of product. Besides, revenue of the key players (companies) and their market shares in the overall torque sensor market are determined. Calculations based on the revenue of key companies, their shipments, and the market shares led to the overall market size of torque sensor market. This overall market size was used in the topdown procedure to estimate the market sizes of all the other individual markets in the market segmentation by technology, application, and geography via percentage splits from secondary and primary research.
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
Report Description Market Crackdown and Data Triangulation After arriving at the overall market size from the market size estimation process explained earlier, the total market has to be split into several segments and sub-segments, by various types of classifications. In order to finish with the overall market engineering process and reach the exact statistics for all the market segments & sub-segments, data triangulation and
market crackdown procedures explained below were implemented wherever applicable. The following figure shows the market crackdown structure and the data triangulation procedure implemented in the market engineering process of making this report.
Market Crackdown and Data Triangulation Top Down
Bottom Up Application Markets
Application Markets
Total Torque Sensor Market
Total Torque Sensor Market
Geographical Markets
Geographical Markets
Company Market Shares
Key Players Market Presence
Key Players Globalization
The figure above shows the core data triangulation procedure used in this report for every market, sub market, and subsegment. The percentage split-up of various major market segments (by application and geography) was used to arrive at the market sizes of the major segments of the total market when classified by application and geography.
triangulated among three major categories: market size by application, market size by geography, and market size by company revenue. The major aspects focused on interconnecting the values when deduced from application, geography, and company revenue are illustrated through the arrows in the figure above. Besides, the other forms of data triangulation were also implemented in specialized market sizes for example: data was triangulated from the global torque sensor market revenue – for all the applications (which is a parent market) in arriving at the overall market size of torque sensors and similarly for all the market segments and sub-segments. Analogous to these, the market volume and average selling prices (ASPs) in each of the market segments were arrived at by similar methods and procedures. Data was also triangulated among the revenue, volume, and calculated ASPs. Thus, validation of data was done by deriving data from several aspects of the respective market segments.
The estimated percentage shares of the sub-segments listed in the geographical market segmentation in this report were used to calculate the market sizes of the respective individual subsegment markets. Similar procedure was used for market classifications by application and by technology. The exact reverse of the above procedure, i.e., using “BottomUp” from “application” and “geography” segments to arrive at the overall market and “Top-Down” from overall market to arrive at the individual company (key players) revenue was also done to validate all the market sizes arrived at in the procedure mentioned above and shown in the figure. Thus, data was
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Company Market Shares
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
SE 1875 2013
Report Description Key Data Points taken from Secondary Sources •
Data for extensive and exhaustive segmentation and classification of the global torque sensor market.
•
Key industry trends of the top players in the torque sensor market.
•
Validation and triangulation of all the numbers and graphs.
•
Qualitative insights into various aspects of the market, key trends, emerging areas.
•
Segmentation breakups, split-ups, and percentage shares.
•
Quantitative data for mathematical and statistical calculations.
•
Data for market revenue and volume.
•
Company statistics (quantitative) and developments (qualitative) for company profiles.
Key Data Points taken from Primary Sources •
Current and proposed production volumes of particular categories by market players.
•
Forecast for various market segments of the overall market and validation of the forecast data.
•
Validation of numbers of various devices’ shipment and revenue cycle of the markets.
•
•
Pricing estimation and validation of the pricing and forecast model.
Technological landscape, competition between technologies, industry preferences, and market dynamics.
•
Competitive landscape of the key players, market shares, market share rankings, competition dynamics, and recent industry activities.
•
Market shares of key industry players in the market.
•
Percentage split of individual markets for geographical analysis.
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
Executive Summary Torque measurement has been performed across various industry verticals such as automotive, industrial, test and measurement, aerospace and defense and so on over the past many years. The only thing that has been continuously changing over the years is the technology. While earlier techniques of torque measurement involved resistive and piezoresistive strain gauge methods, some of the recent techniques involve technologies such as infrared (IR), magneto elastic, optical and surface acoustic wave (SAW).
drivers. One of the major supply side drivers is the emergence of new technologies such as surface acoustic wave (SAW) and optical torque sensors. Automotive is currently the largest application of torque sensors and accounted for xx% of the total market in 2012. There is a wide range of automotive applications for torque sensors such as dynamometers, steering systems, transmission, chassis performance and driveline. Recently, magneto elastic torque sensors have made their way into automotive applications and are being used in racing applications by a number of Formula 1 teams. Many more automotive applications have emerged during the span of last few years with numerous technological advancements and continuous demand in the market for precise and accurate torque measurement. APAC, being the largest producer of light vehicles, dominates the automotive applications market. Countries like China which produced close to xx million light vehicles in 2012 are largely responsible for the huge demand of torque sensors in this region. Along with the detailed technology and application segments, the report also discusses regional market scenarios. The global market is fragmented into four regions: North America, Europe, APAC and ROW. The following bar chart gives an overview of the torque sensor market for various geographical regions
The torque sensor market revolves around three major verticals: technology, application and geography. Each of the vertical is further segmented into individual sub-segments. The technology segment covers various types of torque sensors such as rotary, static/reaction, magneto elastic, surface acoustic wave (SAW) and optical. Rotary segment is further subdivided into contact and non-contact sensors of various types such as slip rings, rotary transformers, infrared (IR), and so on. Besides, the torque sensors have also been segmented based on their mounting configuration into shaft style and flange style. The application segment covers basic applications such as automotive, industrial, test and measurement, aerospace and defense, medical and others. Revenue grossed from all the applications mentioned above totaled $xx million in 2012. Apart from the demand side drivers, the report also covers supply side
Global Torque Sensor Market, By Geography, 2011 - 2018 ($Million) xx xx
xx xx
xx
xx xx
$Million
xx
xx
xx
xx
xx
xx xx xx
xx
xx
xx xx
xx xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
2011
2012
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
2016
2017
2018
xx 2013
North America
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2014 Europe
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2015 APAC
ROW
Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
SE 1875 2013
Executive Summary From the figure, it can be observed that the share of APAC is steadily increasing while the share of North America is gradually decreasing from 2011 to 2018. The large automotive market of APAC is expected to further drive this market during the forecast period. The highest growth is observed for ROW.
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Few of the major companies profiled in this report are ABB (Switzerland), Applied Measurements (U.K.), Crane Electronics (U.K.), Futek Advanced Sensor Technology (U.S.), HBM (Germany), Honeywell (U.S.), Kistler Instrumente AG (Switzerland), MagCanica (U.S.), PCB Piezotronics (U.S.) and so on.
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
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Table of Contents Chapter Headings .....................................................................................................................Page No 1.
Introduction .......................................................................................................................................21 1.1
Key Take-Aways....................................................................................................................................................21
1.2
Report Description ...............................................................................................................................................22
1.3
Markets Covered...................................................................................................................................................23
1.4
Stakeholders .........................................................................................................................................................25
1.5
Research Methodology ........................................................................................................................................25
1.5.1
Market size estimation.....................................................................................................................................27
1.5.2
Market crackdown and data triangulation .......................................................................................................29
1.5.3
Key data points taken from secondary sources ..............................................................................................30
1.5.4
Key data points taken from primary sources ...................................................................................................31
1.5.5
Assumptions made for this report....................................................................................................................32
1.5.6
List of companies covered during study ..........................................................................................................34
2.
Executive Summary ..........................................................................................................................36
3.
Market Overview ................................................................................................................................38 3.1
Introduction...........................................................................................................................................................39
3.2
Market Definition...................................................................................................................................................40
3.3
History & Evolution of Torque Sensors..............................................................................................................42
3.4
Market Dynamics ..................................................................................................................................................44
3.4.1
Market Drivers .................................................................................................................................................45
3.4.1.1 Introduction of electric vehicles ................................................................................................................45 3.4.1.2 Need for better fuel efficiency ..................................................................................................................45 3.4.1.3 Upgradation to electric power steering systems ......................................................................................45 3.4.1.4 Trend towards Condition-Based Maintenance (CBM)..............................................................................46 3.4.2
Market restraints..............................................................................................................................................46
3.4.2.1 Lack of reliable torque sensors for high-end applications ........................................................................46 3.4.3
Market opportunities........................................................................................................................................47
3.4.3.1 Evolution of new torque sensing technologies .........................................................................................47 3.5
Burning Issues......................................................................................................................................................47
3.5.1 3.6
Winning Imperatives.............................................................................................................................................48
3.6.1 3.7
Changes in China’s automobile policy ............................................................................................................47
Accuracy..........................................................................................................................................................48
Value Chain Analysis of Torque Sensor Market.................................................................................................49
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
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Table of Contents Chapter Headings .....................................................................................................................Page No 3.8
3.8.1
Threat from new entrants ................................................................................................................................51
3.8.2
Threat from substitutes....................................................................................................................................52
3.8.3
Bargaining power of suppliers .........................................................................................................................53
3.8.4
Bargaining power of customers.......................................................................................................................54
3.8.5
Degree of competition .....................................................................................................................................55
3.9
4.
Porter’s Five Forces Model..................................................................................................................................50
BCG Matrix for Torque Sensor Market................................................................................................................56
3.9.1
By type ............................................................................................................................................................56
3.9.2
By application ..................................................................................................................................................58
Torque Sensor Market by Technology ............................................................................................60 4.1
Introduction...........................................................................................................................................................61
4.2
By Type ..................................................................................................................................................................62
4.2.1
Rotary torque sensors .....................................................................................................................................65
4.2.1.1 Major applications of rotary torque sensors .............................................................................................67 4.2.1.2 By methods used for power and signal transfer.......................................................................................67 4.2.1.2.1
Contact .........................................................................................................................................69
4.2.1.2.1.1 4.2.1.2.2
Torque sensors with slip rings .............................................................................................69
Non-contact ..................................................................................................................................70
4.2.1.2.2.1
Torque sensors with rotary transformers.............................................................................71
4.2.1.2.2.2
Torque sensors with rotary electronics................................................................................72
4.2.1.2.2.3
Torque sensors with digitization circuit................................................................................73
4.2.1.2.2.4
Infrared (IR) torque sensors ................................................................................................74
4.2.1.2.2.5
Torque sensors with fm telemetry .......................................................................................75
4.2.1.2.2.6
Torque sensors with digital telemetry ..................................................................................76
4.2.1.3 By Mounting Methods ..............................................................................................................................77
4.2.2
4.2.1.3.1
Fixed.............................................................................................................................................78
4.2.1.3.2
Floating.........................................................................................................................................78
Static/reaction torque sensors.........................................................................................................................78
4.2.2.1 Major applications of reaction torque sensors..........................................................................................79 4.2.3
Magnetoelastic torque sensors .......................................................................................................................80
4.2.3.1 Benefits of magnetoelastic torque sensor over conventional torque sensing methods ...........................81 4.2.3.2 Major applications of magnetoelastic torque sensors ..............................................................................81 4.2.4
Surface Acoustic Wave (SAW) torque sensors ...............................................................................................83
4.2.4.1 Benefits of saw torque sensors over traditional torque sensors...............................................................84
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
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Table of Contents Chapter Headings .....................................................................................................................Page No 4.2.4.2 Major applications of saw torque sensors ................................................................................................84 4.2.5
Optical torque sensors ....................................................................................................................................86
4.2.5.1 Benefits of optical torque sensors over traditional torque sensors...........................................................86 4.2.5.2 Major applications of optical torque sensors ............................................................................................86 4.3
By Mechanical Configuration ..............................................................................................................................88
4.3.1
Shaft style........................................................................................................................................................88
4.3.1.1 Smooth.....................................................................................................................................................89 4.3.1.2 Keyed .......................................................................................................................................................89
4.3.2
5.
4.3.1.2.1
Single keyed .................................................................................................................................89
4.3.1.2.2
Double keyed ...............................................................................................................................89
Flange style .....................................................................................................................................................89
Torque Sensor Market by Application .............................................................................................90 5.1
Introduction...........................................................................................................................................................91
5.1.1 5.2
U.S. Dominates the global torque sensor market for aerospace & defense applications ...............................94
Automotive Applications .....................................................................................................................................95
5.2.1
Major companies in automotive applications ..................................................................................................95
5.2.2
Market by type.................................................................................................................................................95
5.2.3
Market by geography.......................................................................................................................................97
5.2.4
Market by application ......................................................................................................................................98
5.2.4.1 Dynamometers.........................................................................................................................................98 5.2.4.2 Steering systems......................................................................................................................................99 5.3
Industrial Applications .........................................................................................................................................99
5.3.1
Major companies in industrial applications......................................................................................................99
5.3.2
Market by type...............................................................................................................................................100
5.3.3
Market by geography.....................................................................................................................................101
5.3.4
Market by application ....................................................................................................................................102
5.3.4.1 Process monitoring ................................................................................................................................102 5.3.4.2 Measurements on drive shafts ...............................................................................................................103 5.3.4.3 Combustion engines ..............................................................................................................................103 5.4
Test & Measurement Applications ....................................................................................................................103
5.4.1
Major companies in test & measurement applications ..................................................................................104
5.4.2
Market by type...............................................................................................................................................104
5.4.3
Market by geography.....................................................................................................................................105
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
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Table of Contents Chapter Headings .....................................................................................................................Page No 5.4.4
Market by application ....................................................................................................................................106
5.4.4.1 Product testing .......................................................................................................................................107 5.4.4.2 Test stands .............................................................................................................................................107 5.4.4.3 Tool testing and calibration.....................................................................................................................107 5.5
Aerospace & Defense Applications ..................................................................................................................108
5.5.1
Major companies in aerospace & defense applications ................................................................................108
5.5.2
Market by type...............................................................................................................................................109
5.5.3
Market by geography.....................................................................................................................................110
5.5.4
Market by application.....................................................................................................................................111
5.5.4.1 Engine and propulsion ............................................................................................................................111 5.5.4.2 Primary systems .....................................................................................................................................112 5.6
Medical Applications ..........................................................................................................................................112
5.6.1
Major companies in medical applications ......................................................................................................112
5.6.2
Market by type ...............................................................................................................................................113
5.6.3
Market by geography.....................................................................................................................................114
5.6.4
Market by application.....................................................................................................................................115
5.6.4.1 Medical robotics .....................................................................................................................................115 5.6.4.2 Diagnostic equipment .............................................................................................................................116 5.7
Other Applications..............................................................................................................................................116
5.7.1
Major companies in other applications ..........................................................................................................116
5.7.2
Market by type ...............................................................................................................................................117
5.7.3
Market by geography.....................................................................................................................................118
5.7.4
Market by application.....................................................................................................................................119
5.7.4.1 Agricultural .............................................................................................................................................119 5.7.4.2 Mining.....................................................................................................................................................120
6.
Torque Sensor Market by Geography ...........................................................................................121 6.1
Introduction.........................................................................................................................................................122
6.1.1 6.2
APAC to dominate the torque sensor market in coming years......................................................................123
North America .....................................................................................................................................................124
6.2.1
Market by type...............................................................................................................................................124
6.2.2
Market by application ....................................................................................................................................125
6.2.2.1 Automotive applications .........................................................................................................................126 6.2.2.2 Industrial applications.............................................................................................................................127
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
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Table of Contents Chapter Headings .....................................................................................................................Page No 6.2.2.3 Test & measurement applications ..........................................................................................................128 6.2.2.4 Aerospace & defense applications.........................................................................................................129 6.2.2.5 Medical applications...............................................................................................................................130 6.2.2.6 Other applications ..................................................................................................................................131 6.3
Europe .................................................................................................................................................................132
6.3.1
Market by type...............................................................................................................................................132
6.3.2
Market by application ....................................................................................................................................133
6.3.2.1 Automotive applications .........................................................................................................................134 6.3.2.2 Industrial applications.............................................................................................................................135 6.3.2.3 Test & measurement applications ..........................................................................................................136 6.3.2.4 Aerospace & defense applications.........................................................................................................137 6.3.2.5 Medical applications...............................................................................................................................138 6.3.2.6 Other applications ..................................................................................................................................139 6.4
APAC....................................................................................................................................................................140
6.4.1
Market by type...............................................................................................................................................140
6.4.2
Market by application ....................................................................................................................................141
6.4.2.1 Automotive applications .........................................................................................................................142 6.4.2.2 Industrial applications.............................................................................................................................143 6.4.2.3 Test & measurement applications ..........................................................................................................144 6.4.2.4 Aerospace & defense applications.........................................................................................................145 6.4.2.5 Medical applications...............................................................................................................................146 6.4.2.6 Other applications ..................................................................................................................................147 6.5
RoW......................................................................................................................................................................148
6.5.1
Market by type...............................................................................................................................................148
6.5.2
Market by application ....................................................................................................................................149
6.5.2.1 Automotive applications .........................................................................................................................150 6.5.2.2 Industrial applications.............................................................................................................................151 6.5.2.3 Test & measurement applications ..........................................................................................................152 6.5.2.4 Aerospace & defense applications.........................................................................................................153 6.5.2.5 Medical applications...............................................................................................................................154 6.5.2.6 Other applications ..................................................................................................................................155
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
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Table of Contents Chapter Headings .....................................................................................................................Page No 7.
Competitive Landscape ..................................................................................................................156 7.1
Overview..............................................................................................................................................................156
7.2
Competitive Analysis .........................................................................................................................................156
7.2.1 7.3
8.
GE-Mckinsey matrix for torque sensor market ..............................................................................................157
Competitive Situation And Trends ....................................................................................................................159
7.3.1
New product launch/development .................................................................................................................159
7.3.2
Mergers & acquisitions ..................................................................................................................................170
7.3.3
Partnerships/agreements/joint ventures/collaborations ................................................................................171
Company Profiles ............................................................................................................................175
(Overview, Financials, Products & Services, Strategy, and Developments)* 8.1
ABB ......................................................................................................................................................................175
8.2
AIMCO..................................................................................................................................................................179
8.3
APPLIED MEASUREMENTS...............................................................................................................................182
8.4
ATI INDUSTRIAL AUTOMATION.........................................................................................................................186
8.5
CRANE ELECTRONICS ......................................................................................................................................190
8.6
DATUM ELECTRONICS ......................................................................................................................................193
8.7
FUTEK ADVANCED SENSOR TECHNOLOGY ..................................................................................................197
8.8
HBM......................................................................................................................................................................202
8.9
HONEYWELL.......................................................................................................................................................206
8.10
INTERFACE .........................................................................................................................................................212
8.11
KISTLER INSTRUMENTE AG .............................................................................................................................215
8.12
MAGCANICA, INC. ..............................................................................................................................................220
8.13
MEASUREMENT SPECIALTIES .........................................................................................................................223
8.14
MOUNTZ ..............................................................................................................................................................226
8.15
NORBAR TORQUE TOOLS ................................................................................................................................230
8.16
PCB PIEZOTRONICS ..........................................................................................................................................232
8.17
S. HIMMELSTEIN AND COMPANY.....................................................................................................................237
8.18
SENSOR TECHNOLOGY ....................................................................................................................................241
8.19
TELEDYNE TECHNOLOGIES.............................................................................................................................244
8.20
TRANSENSE TECHNOLOGIES..........................................................................................................................249
*Details on Overview, Financials, Product & Services, Strategy, and Developments might not be captured in case of unlisted companies.
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
SE 1875 2013
List of Tables Table Titles
..........................................................................................................................Page No
1
General Assumptions, Terminology & Application Key Notes.......................................................................................32
2
Torque Sensor Market: List of Companies Covered .....................................................................................................34
3
Global Torque Sensor Market Revenue, by Type, 2011 - 2018 ($Million) ....................................................................63
4
Global Torque Sensor Market, Unit Shipment, by Type, 2011 - 2018 (Thousand Units) ..............................................65
5
Rotary Torque Sensor Market Revenue, by Methods Used for Power & Signal Transfer, 2011 - 2018 ($Million) ........68
6
Rotary Torque Sensor Market, by Methods Used for Power & Signal Transfer, Unit Shipment, 2011 - 2018 (Thousand Units) ......................................................................................................................................68
7
Torque Sensors with Slip Rings: Market Revenue & Volume, 2011 - 2018 ..................................................................70
8
Torque Sensors with Rotary Transformers: Market Revenue & Volume, 2011 - 2018..................................................71
9
Torque Sensors with Rotary Electronics: Market Revenue & Volume, 2011 - 2018 .....................................................72
10
Torque Sensors with Digitization Circuit: Market Revenue & Volume, 2011 - 2018......................................................74
11
Infrared (IR) Torque Sensors: Market Revenue & Volume, 2011 - 2018 ......................................................................75
12
Torque Sensors with Fm Telemetry: Market Revenue & Volume, 2011 - 2018.............................................................76
13
Torque Sensors with Digital Telemetry: Market Revenue & Volume, 2011 - 2018........................................................77
14
Static/Reaction Torque Sensors: Market Revenue & Volume, 2011 - 2018..................................................................80
15
Magnetoelastic Torque Sensors: Market Revenue & Volume, 2011 - 2018..................................................................82
16
Surface Acoustic Wave (SAW) Torque Sensors: Market Revenue & Volume, 2011 - 2018 .........................................85
17
Optical Torque Sensors: Market Revenue & Volume, 2011 - 2018...............................................................................87
18
Global Torque Sensor Market Revenue, by Application, 2011 - 2018 ($Million)...........................................................92
19
Top 10 Aerospace & Defense Companies, by Revenue, 2012.....................................................................................94
20
Automotive Applications: Torque Sensor Market Revenue, by Type, 2011 - 2018 ($Million)........................................96
21
Automotive Applications: Torque Sensor Market Revenue, by Geography, 2011 - 2018 ($Million)..............................97
22
Automotive Applications: Torque Sensor Market Revenue, by Application, 2011 - 2018 ($Million) ..............................98
23
Industrial Applications: Torque Sensor Market Revenue, by Type, 2011 - 2018 ($Million) .........................................100
24
Industrial Applications: Torque Sensor Market Revenue, by Geography, 2011 - 2018 ($Million) ...............................101
25
Industrial Applications: Torque Sensor Market Revenue, by Application, 2011 - 2018 ($Million) ...............................102
26
Test & Measurement Applications: Torque Sensor Market Revenue, by Type, 2011 - 2018 ($Million).......................104
27
Test & Measurement Applications: Torque Sensor Market Revenue, by Geography, 2011 - 2018 ($Million).............105
28
Test & Measurement Applications: Torque Sensor Market Revenue, by Application, 2011 - 2018 ($Million) .............106
29
Aerospace & Defense Applications: Torque Sensor Market Revenue, by Type, 2011 - 2018 ($Million).....................109
30
Aerospace & Defense Applications: Torque Sensor Market Revenue, by Geography, 2011 - 2018 ($Million) ...........110
31
Aerospace & Defense Applications: Torque Sensor Market Revenue, by Application, 2011 - 2018 ($Million) ...........111
32
Medical Applications: Torque Sensor Market Revenue, by Type, 2011 - 2018 ($Million) ...........................................113
33
Medical Applications: Torque Sensor Market Revenue, by Geography, 2011 - 2018 ($Million)..................................114
34
Medical Applications: Torque Sensor Market Revenue, by Application, 2011 - 2018 ($Million)..................................115
35
Other Applications: Torque Sensor Market Revenue, by Type, 2011 - 2018 ($Million) ...............................................117
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
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List of Tables Table Titles
..........................................................................................................................Page No
36
Other Applications: Torque Sensor Market Revenue, by Geography, 2011 - 2018 ($Million) .....................................118
37
Other Applications: Torque Sensor Market Revenue, by Application, 2011 - 2018 ($Million) .....................................119
38
Global Torque Sensor Market Revenue, by Geography, 2011 - 2018 ($Million).........................................................122
39
North America: Torque Sensor Market Revenue, by Type, 2011 - 2018 ($Million) .....................................................124
40
North America: Torque Sensor Market Revenue, by Application, 2011 - 2018 ($Million) ...........................................125
41
North America: Torque Sensor Market for Automotive Applications, by Type, 2011 - 2018 ($Million) ........................126
42
North America: Torque Sensor Market for Industrial Applications, by Type, 2011 - 2018 ($Million) ...........................127
43
North America: Torque Sensor Market for Test & Measurement Applications, by Type, 2011 - 2018 ($Million) .........128
44
North America: Torque Sensor Market for Aerospace & Defense Applications, by Type, 2011 - 2018 ($Million) .......129
45
North America: Torque Sensor Market for Medical Applications, by Type, 2011 - 2018 ($Million)..............................130
46
North America: Torque Sensor Market for Other Applications, by Type, 2011 - 2018 ($Million) .................................131
47
Europe: Torque Sensor Market Revenue, by Type, 2011 - 2018 ($Million) ................................................................132
48
Europe: Torque Sensor Market Revenue, by Application, 2011 - 2018 ($Million).......................................................133
49
Europe: Torque Sensor Market for Automotive Applications, by Type, 2011 - 2018 ($Million) ...................................134
50
Europe: Torque Sensor Market for Industrial Applications, by Type, 2011 - 2018 ($Million).......................................135
51
Europe: Torque Sensor Market for Test &Measurement Applications, by Type, 2011 - 2018 ($Million) .....................136
52
Europe: Torque Sensor Market for Aerospace &Defense Applications, by Type, 2011 - 2018 ($Million) ...................137
53
Europe: Torque Sensor Market for Medical Applications, by Type, 2011 - 2018 ($Million).........................................138
54
Europe: Torque Sensor Market for Other Applications, by Type, 2011 - 2018 ($Million) ............................................139
55
APAC: Torque Sensor Market Revenue, by Type, 2011 - 2018 ($Million) ..................................................................140
56
APAC: Torque Sensor Market Revenue, by Application, 2011 - 2018 ($Million).........................................................141
57
APAC: Torque Sensor Market for Automotive Applications, by Type, 2011 - 2018 ($Million) .....................................142
58
APAC: Torque Sensor Market for Industrial Applications, by Type, 2011 - 2018 ($Million).........................................143
59
APAC: Torque Sensor Market for Test & Measurement Applications, by Type, 2011 - 2018 ($Million) ......................144
60
APAC: Torque Sensor Market for Aerospace &Defense Applications, by Type, 2011 - 2018 ($Million) .....................145
61
APAC: Torque Sensor Market for Medical Applications, by Type, 2011 - 2018 ($Million) ...........................................146
62
APAC: Torque Sensor Market for Other Applications, by Type, 2011 - 2018 ($Million) ..............................................147
63
RoW: Torque Sensor Market Revenue, by Type, 2011 - 2018 ($Million) ....................................................................148
64
RoW: Torque Sensor Market Revenue, by Application, 2011 - 2018 ($Million) ..........................................................149
65
RoW: Torque Sensor Market for Automotive Applications, by Type, 2011 - 2018 ($Million) .......................................150
66
RoW: Torque Sensor Market for Industrial Applications, by Type, 2011 - 2018 ($Million) ..........................................151
67
RoW: Torque Sensor Market for Test & Measurement Applications, by Type, 2011 - 2018 ($Million) ........................152
68
RoW: Torque Sensor Market for Aerospace & Defense Applications, by Type, 2011 - 2018 ($Million) ......................153
69
RoW: Torque Sensor Market for Medical Applications, by Type, 2011 - 2018 ($Million) ............................................154
70
RoW: Torque Sensor Market for Other Applications, by Type, 2011 - 2018 ($Million) ................................................155
71
Torque Sensor Market: Major Manufacturers and their Application Areas..................................................................156
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
SE 1875 2013
List of Tables Table Titles
..........................................................................................................................Page No
72
Torque Sensor Market: New Product Launch/Development, 2009 - 2013 .................................................................160
73
Torque Sensor Market: Mergers & Acquisitions, 2009 - 2013 ....................................................................................170
74
Torque Sensor Market: Partnerships/Agreements/Joint Ventures/Collaborations, 2009 - 2013.................................171
75
ABB: Total Revenue, 2011 - 2012 ($Million) ...............................................................................................................177
76
Honeywell: Overall Market Revenue, 2011 - 2012 ($Million)......................................................................................209
77
Measurement Specialties: Overall Market Revenue, 2011 - 2012 ($Million) ..............................................................224
78
Teledyne Technologies: Overall Market Revenue, 2011 - 2012 ($Million) ..................................................................247
79
Transense Technologies: Overall Market Revenue, 2010 - 2011 ($Million)................................................................250
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
SE 1875 2013
List of Figures Figure Titles
..........................................................................................................................Page No
1
Torque Sensor Market Segmentation ...........................................................................................................................23
2
Classification of Rotary Torque Sensors.......................................................................................................................24
3
Market Research Methodology.....................................................................................................................................26
4
Market Size Estimation .................................................................................................................................................28
5
Market Crackdown & Data Triangulation ......................................................................................................................29
6
Global Torque Sensor Market, by Geography, 2011 - 2018 ($Million) ..........................................................................37
7
Market Overview - Torque Sensors ..............................................................................................................................39
8
Torque Sensor Market Segmentation ...........................................................................................................................40
9
Evolution of Torque Sensing .........................................................................................................................................42
10
Impact Analysis of Market Dynamics, 2013 - 2018.......................................................................................................44
11
Value Chain of Torque Sensor Market ..........................................................................................................................49
12
Porter’s Five Forces Analysis For Torque Sensor Market, 2012 ..................................................................................50
13
Quantification of Threat from New Entrants..................................................................................................................51
14
Quantification of Threat from Substitutes .....................................................................................................................52
15
Quantification of Bargaining Power of Suppliers ..........................................................................................................53
16
Quantification of Bargaining Power of Customers ........................................................................................................54
17
Quantification of Degree of Competition.......................................................................................................................55
18
BCG Matrix: Torque Sensor Market, by Type ...............................................................................................................56
19
BCG Matrix: Torque Sensor Market, by Application......................................................................................................58
20
Classification of Torque Sensors, by Type....................................................................................................................62
21
Torque Sensor Market, by Type, 2012..........................................................................................................................64
22
Classification of Rotary Torque Sensors.......................................................................................................................66
23
Classification of Torque Sensors, by Mechanical Configuration ...................................................................................88
24
Torque Sensor Market, by Application ..........................................................................................................................91
25
Light Vehicle Production by Region, 2011 - 2012 .......................................................................................................123
26
Torque Sensor Market: GE-Mckinsey Matrix ..............................................................................................................158
27
AIMCO: Major Product Categories .............................................................................................................................180
28
Crane Electronics: Major Product Categories ............................................................................................................191
29
Futek: Major Product Categories ................................................................................................................................198
30
Honeywell: Major Business Segments .......................................................................................................................207
31
Kistler: Major Business Segments ..............................................................................................................................216
32
Mountz: Major Product Categories .............................................................................................................................227
33
PCB Piezotronics: Major Business Segments ............................................................................................................233
34
Teledyne Technologies: Major Business Segments....................................................................................................245
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SE 1875 2013
Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
Sample Tables Global Torque Sensor Market Revenue, By Type, 2011 - 2018 ($Million) Type
2011
2012
Static/Reaction
Total
2015
2016
2017
2018
CAGR% (2013-2018)
2017
2018
CAGR% (2013-2018)
2018
CAGR% (2013-2018)
m a S
Surface Acoustic Wave (SAW) Optical
2014
s e l b a T e pl
Rotary
Magnetoelastic
2013
Global Torque Sensor Market Revenue, By Application, 2011 - 2018 ($Million) Application
2011
2012
Industrial
Aerospace & Defense Medical Others
2014
2015
2016
s e l b a T e pl
Automotive
Test & Measurement
2013
m a S
Total
Global Torque Sensor Market Revenue, By Geography, 2011 - 2018 ($Million) Region
2011
2012
APAC ROW Total
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2014
s e l b
2015
a T ple
North America Europe
2013
m a S
20
2016
2017
Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
SE 1875 2013
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Torque Sensor Market - Global Forecast & Analysis (2013 - 2018) By Technology, Application & Geography
SE 1875 2013
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Related Reports Acoustic Wave Sensor (SAW And BAW) Market - Global Forecast, Trend & Analysis Segmentation By Sensing Parameters [Pressure, Temperature, Mass, Torque, Humidity, Chemical, Touch, Others], Applications And Geography (2013-2018) The wireless and passive nature of acoustic wave sensors has opened doors for several new applications in automotives and industries. Growth of automotive market during the last few years has boosted the market for acoustic wave sensors significantly as a result of growing concerns for safety among vehicle manufacturers. Industrial and automotive applications will remain the biggest market for acoustic wave sensors and many companies will be emerging in this market in the coming years. Healthcare market will be growing at a swift rate during the forecasted period with the emergence of new applications. Surface acoustic wave technology takes advantage of the piezoelectric effect in its operation. Most modern surface acoustic wave sensors use an input interdigitated transducer (IDT) to convert an electrical signal into an acoustic wave
Report Code: SE 1374
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