The increasing demand for magneto-elastic torque sensors in the automotive industry owing to their use in testing engine parts for better efficiency of vehicles is escalating the market growth. Furthermore, rapid industrialization along with R&D in these sensors for high standards of accuracy is boosting the market demand. However, the low reliability of available torque sensors could limit market growth. Some of the prominent players operating in the global Magneto Elastic Torque Sensor market are ABB Ltd, Applied Measurements Ltd., Crane Electronics Ltd, HITEC Sensor Developments, Inc., Honeywell Sensing and Control, Kistler Instrumente AG, MagCanica, Methode Electronics., And Texas Instruments, Inc.
The study offers a decisive view of the global magneto elastic torque sensor market by segmenting it in terms of application. This section covers magneto elastic torque sensor market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
By Application
- Automotive
- Aerospace & Defense
- Research & Development
- Industrial
- Others
Source: https://www.valuemarketresearch.com/report/magneto-elastic-torque-sensor-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.