The torque sensor market has witnessed a remarkable transformation in recent years, driven by technological advancements, increasing automation in industries, and rising demand for precision measurements in various applications. Valued at USD 1,099.8 million in 2023, the market is poised for significant growth. By 2024, it is expected to su... moreTorque Sensor Market: Analyzing Growth Trends and Projections (2024-2032)
The torque sensor market has witnessed a remarkable transformation in recent years, driven by technological advancements, increasing automation in industries, and rising demand for precision measurements in various applications. Valued at USD 1,099.8 million in 2023, the market is poised for significant growth. By 2024, it is expected to surge to USD 12,384.31 million, and further expand to USD 23,584.43 million by 2032, exhibiting a strong compound annual growth.
