Non-contact Bearing Torque Sensor Market Summary
A non-contact bearing torque sensor is a device that measures torque or twist on a rotating shaft without requiring physical contact. It operates based on magnetoelastic or magnetic field sensing. Non-contact bearing torque sensors do not use traditional methods such as strain gauges or mechanical linkages to measure torque, but instead use magnetic fields.
Non-contact bearing torque sensors offer several advantages over traditional torque measurement methods. They are free from friction, wear and mechanical hysteresis, ensuring accurate and reliable measurements over a long service life. In addition, they are not affected by radial and axial forces, making them ideal for applications where other loads may be present.
These sensors are widely used in various industries, including automotive, aerospace, robotics, manufacturing and research, where accurate torque measurement is critical for performance analysis, process control and quality assurance.
According to the new market research report “Non-contact Bearing Torque Sensor – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Non-contact Bearing Torque Sensor market size is expected to reach USD 47 million by 2030, at a CAGR of 6.3% during the forecast period.
- Global Non-contact Bearing Torque Sensor MarketSize(US$ Million), 2023-2030
Source: QYResearch, “Non-contact Bearing Torque Sensor – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
Increased downstream demand is a major driving factor for the growth of the non-contact bearing torque market. With the development of industrial automation and smart manufacturing, there is growing need for real-time and accurate torque measurement. Non-contact bearing torque sensors can fulfill these demands, leading to widespread applications. Furthermore, the application areas of non-contact torque sensors are continuously expanding, including industries such as automotive, aerospace, energy, medical, robotics, which further market growth.
Restraint:
Compared to traditional torque sensors, non-contact bearing torque sensors have relatively higher manufacturing costs, which may limit the adoption by small and medium-sized enterprises. Additionally, the design and engineering complexity of non-contact bearing torque sensors require a high level of technical expertise, which can be a hindrance to market development.
Opportunity:
With the rapid development of emerging fields such as renewable and electric vehicles, there is an increasing demand for high-precision and highability torque measurement, providing opportunities for non-contact bearing torque sensors. Additionally, non-contact dynamic torque sensors are developing towards miniaturization, digitization, and intelligentization, transitioning from single-function to multi-function capabilities.
- Global Non-contact Bearing Torque Sensor Top20Players
Source: QYResearch, “Non-contact Bearing Torque Sensor – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
This report profiles key players of Non-contact Bearing Torque Sensor such as FUTEK Advanced Sensor Technology, Inc., Magtrol, Lorenz Messtechnik, Sensor Technology Ltd, NCTE AG, TE Connectivity, burster, BCM SENSOR, N-GINERIC, Honeywell, A&D Company, HBM Test and Measurement, Mountz Torque, Schaeffler Technologies AG & Co. KG, UNIPULSE Corporation, Hefei Natural Intelligent Technology, Changzhou Right Measurement and Control System, Shenzhen XJCSENSOR Technology, S. Himmelstein and Company, MinebeaMitsumi.
In 2023, the global top five Non-contact Bearing Torque Sensor players account for 25% of market share in terms of revenue.
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