Torque Sensor Market in APAC to Grow at Highest CAGR During the Forecast Period
The torque sensor market is projected to grow from USD 6.8 billion in 2021 to USD 9.0 billion by 2026; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.7% from 2021 to 2026. Various types of torque sensors based on different technology are being deployed worldwide, from magnetoelastic to surface acoustic wave (SAW). They not only provide advantages over the widely used strain gauge technology but are also ideal for various niche applications. The objective...
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