Torque Sensor Market Share

Market Share of Torque Sensor Industry

The torque sensors market is fragmented and highly competitive due to several vendors, including ABB Ltd., Crane Electronics Ltd, Applied Measurements Ltd, Crane Electronics Ltd, and Honeywell International. Most of the companies concentrate their efforts on the development of torque sensors for multiple applications.

• April 2021 - Datum Electronics Ltd has partnered with Nautils Labs to provide shipowners, operators, technical managers, and charterers with a comprehensive vessel digitalization and predictive decision support solution.
• January 2020 - TE Connectivity (TE) designed a safety torque sensor with integrated and improved functional safety, including increased accuracy and speed, in advance human-robot collaboration to address the growing demand for safe and collaborative robots in manufacturing.

Torque Sensor Market Leaders

1. ABB Ltd

2. Crane Electronics Ltd

3. HBK Benelux (Spectris PLC)

4. Applied Measurements Ltd

5. Honeywell International

*Disclaimer: Major Players sorted in no particular order