1.74 Billion Torque Sensor Market - Forecasts from 2016 to 2021

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Torque Sensor Market - Forecasts from 2016 to 2021" report to their offering. The Torque Sensor Market is projected to witness a compound annual growth rate of 8.29% to reach a total market size of US$1.744 billion by 2021, from US$1.081 billion in 2015.

This technology is being increasingly used on account of increasing application across various industries such as healthcare and automotive, among others. Technological advancement and high demand for precise and accurate torque measurement serves as a key factor for the growth of this market.

Rising demand of these sensors in the healthcare sector due to emergence of medical robotics and focus on providing better healthcare services is also boosting the market growth.

Key industry players profiled as part of this section are Kistler Instrumente, Honeywell International, Datum Electronics, PCB Piezotronics, Futek Advanced Sensor Technology, DEPRAG Schulz and Crane Electronics Ltd., among others.

For more information about this report visit http://www.researchandmarkets.com/research/z48xw2/torque_sensor

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Related Topics: Telematics and Vehicle Electronics, Sensors, Automotive Sensors

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