Global Magneto Elastic Torque Sensor Market 2024-2030
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Global Magneto Elastic Torque Sensor Market 2024-2030

Last Updated:  Apr 25, 2025 | Study Period: 2024-2030

MAGNETO ELASTIC TORQUE SENSOR MARKET 

 

INTRODUCTION TOMAGNETO ELASTIC TORQUE SENSOR MARKET

 Accurate torque measurements for rotating or stationary shafts are provided by a relatively new type of sensor that uses non-contact sensing and is based on the magnetoelastic effect. A ferromagnetic ring fastened to the shaft being measured is the essential part of a magnetoelastic sensor.

 

Amorphous ferromagnetic ribbons used as magnetoelastic sensors exhibit a magneto-mechanical resonance when stimulated by an altering external magnetic field. An MES's anisotropy and susceptibility, which are closely related to its magnetic permeability, can change in response to an applied stress.

 

To convert mechanical torque into an electrical signal, a sensor is called a torque sensor. We produce two types at FUTEK: reaction and rotary. Both types operate differently even though they both measure torque.

 

Reaction The reaction force produced by an object producing torque is measured by torque sensors. uses a ferromagnetic metal that, at the molecular level, aligns itself with magnetic fields.

 

The magnetostrictive level sensor can produce a signal indicating the liquid level by generating two competing magnetic fields.

 

 

MAGNETO ELASTIC TORQUE SENSOR MARKET SIZE AND FORECAST

 

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Global Magneto elastic torque sensor market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

 

MAGNETO ELASTIC TORQUE SENSOR MARKETNEW PRODUCT LAUNCH

NSK Develops World's First Non-Contact Torque Sensor for Drive Shafts in Motor Vehicles. This new technology can increase fuel economy (reduce power consumption), improve ride comfort and safety, and open up a world of new possibilities across CASE.

 

NSK has newly developed a non-contact torque sensor capable of measuring the torque of drive shafts in vehicles in real time. This is the first sensor in the world of this type and capability.

 

The sensor uses magnetic fields to detect torque by measuring minute twisting of the drive shaft that occurs naturally as it is rotated by the motor.

 

Conventional torque sensors have been too complicated or expensive for wide scale use, but NSK's new technology makes possible a compact sensor with a simple structure that is ideal for mass production and broad adoption by automakers.

 

MAGNETO ELASTIC TORQUE SENSOR MARKETCOMPANY PROFILE

 

THISMAGNETO ELASTIC TORQUE SENSOR MARKETREPORT WILL ANSWER FOLLOWING QUESTIONS

  1. How manyMagneto elastic torque sensorare manufactured per annum globally? Who are the sub-component suppliers in different regions?
  2. Cost breakup of a GlobalMagneto elastic torque sensorand key vendor selection criteria
  3. Where is theMagneto elastic torque sensormanufactured? What is the average margin per unit?
  4. Market share of GlobalMagneto elastic torque sensormarket manufacturers and their upcoming products
  5. Cost advantage for OEMs who manufacture GlobalMagneto elastic torque sensorin-house
  6. key predictions for next 5 years in GlobalMagneto elastic torque sensormarket
  7. Average B-2-BMagneto elastic torque sensormarket price in all segments
  8. Latest trends inMagneto elastic torque sensormarket, by every market segment
  9. The market size (both volume and value) of theMagneto elastic torque sensormarket in 2024-2030 and every year in between?
  10. Production breakup ofMagneto elastic torque sensormarket, by suppliers and their OEM relationship

 

Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
19Market Segmentation, Dynamics and Forecast by Application, 2024-2030
20Market Segmentation, Dynamics and Forecast by End use, 2024-2030
21Product installation rate by OEM, 2023
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2023
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix