FORT WORTH, Texas, April 18, 2015 /PRNewswire/ --
The North America torque sensor
market report defines and segments the concerned market with
analysis and forecast of revenue. This market was valued at
$318.4 million in 2014, and is
expected to reach $452.0 million by
2019, at a CAGR of 7.3% from 2014 to 2019.
Browse through the TOC of North
America torque sensor market for an in-depth analysis of the
industry trends and segments, with help of various tables and
figures.
http://www.micromarketmonitor.com/market/north-america-torque-sensor-4953569252.html
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report.
The expansion of the North American torque sensor market is
primarily attributed to the technological advancements made in the
field of torque sensing technologies. The up-gradation to electric
power steering systems has become one of the most significant
drivers influencing the growth of the torque sensor market in
North America.
In addition to the factors mentioned above, the demand for
better fuel efficiency is driving the growth of the torque sensor
market. As per the Corporate Average Fuel Economy (CAFE) standards,
there has been a huge pressure on the auto manufacturers to step up
the development of electric and hybrid vehicles, as well as
radically improve the fuel economy on their large selling models.
Also, different auto companies are undertaking initiatives to
comply by these rigid guidelines. Due to this, the torque sensors
market is 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. All these factors have propelled
the growth of the torque sensor market in North America.
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Torque sensor market is segmented according to three major
parameters, namely type, application, and geography. This report
segments the North America 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. On the basis of geographical segmentation, the market is
classified into U.S., Canada, and
Mexico.
Related Reports:
The importance of torque sensors across various applications has
been widely prevalent across varied end-users applications of this
market. The use of strain gauge is one of the oldest techniques of
torque measurement that is being employed till date. However,
recent advancements in the torque sensing technology have led to
the development of several new varieties of torque sensors.
http://www.micromarketmonitor.com/market/europe-torque-sensor-1214389037.html
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