Torque sensors play an important role in many technological applications. The measurement of torque is paramount in applications such as turbine, engine and transmission testing, pump testing, and measurement of power within propulsion systems. Rotary torque sensor is one of the major types of torque sensors which have wide range of applications n different industries. 

Rotary torque sensors are rigorously applied in the fastener assembly market to verify the usability and performance of power and hand torque tools. The rotary torque sensor market has been segmented into power and signal transfer method which includes contact and non-contact. 

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Increasing proliferation of electric vehicles and technological advancement in the field of automotive is fueling the application of rotary torque sensors. Rising demand for better fuel efficient vehicles is another major driving factor for the market. 

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Measuring as well as monitoring torque is a crucial parameter in most of all rotating parts, equipment and machines, which ensures high quality and optimum performance. Increasing demand for upgraded and advanced devices across different industrial setups is acting as a major driving factor for the market.