The Report “Europe Torque Sensor Market by Type (Rotary, Static/Reaction, Magneto-Elastic, SAW) by Application (Automotive, Industrial, Test & Measurement, Aerospace & Defense, Medical) by Geography – Analysis & Forecast to 2019”, is estimated to reach $411.5 million by 2019, growing at a CAGR of 8.1% from 2014 to 2019.
Browse through the TOC of the Europe Torque Sensor Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Europe has become a potential market for torque sensors in the coming years. The expansion of the torque sensors market in this region can be attributed to the technological advancements made in the field of torque sensing technologies.
The growing demand for better fuel efficiency is considered as the most significant driving factor influencing the growth of the Europe torque sensor market. The new corporate average fuel economy (CAFE) standards have put a huge pressure on the auto manufacturers to accelerate the development of electric and hybrid vehicles, as well as radically improve the fuel economy on their large selling models. Also, varied auto companies are undertaking different initiatives to meet these rigid guidelines. Due to this, torque sensors are expected to face a huge demand from the automotive sector for applications, such as electronic transmission control, electronic driveline control, engine management, and steering torque management among others. Major countries that have contributed towards the Europe torque sensor market are Germany, the U.K., France, and Italy.
Up-gradation to electric power steering systems has driven the Europe torque sensor market, as electric power steering systems are considered as one of the largest applications of torque sensors in the automotive sector.
The European torque sensor market is segmented according to the three major parameters, namely type, application, and geography. This report segments the Europe torque sensor market by type into rotary torque sensors, static/reaction torque sensors, magneto-elastic torque sensors, and SAW torque sensors. The major applications of torque sensors are automotive, industrial, test and measurement, aerospace and defense, and medical.
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