Product Code: ETC8835592 | Publication Date: Sep 2024 | Updated Date: Jun 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The torque sensor market in the Philippines is expanding in response to the rising integration of advanced driver-assistance systems (ADAS) and electric power steering in modern vehicles. These sensors are critical for accurate measurement of torque in various components, ensuring improved vehicle handling and safety. The transition toward electric and hybrid vehicles is also fueling demand for more sophisticated torque monitoring systems, supporting the growth of this market.
With the growing emphasis on electric and hybrid vehicles, the torque sensor market in the Philippines is gaining traction. These sensors are increasingly being used in advanced powertrains and steering systems to provide real-time feedback for performance optimization. Integration with ADAS and electronic power steering systems is another key trend boosting demand.
Torque sensors are critical for precision and safety in modern vehicles, but their adoption in the Philippines is limited by high costs and the technical expertise required for integration. The limited availability of advanced testing and calibration facilities locally creates additional hurdles. Moreover, the market faces stiff competition from imported sensors, which are often perceived as more reliable, creating challenges for domestic suppliers to establish trust and market share.
The torque sensor market is poised for expansion due to the rise of electric vehicles (EVs) and advanced driver-assistance systems (ADAS) in the Philippines. Investing in innovative, high-precision torque sensors that can be integrated with EV drivetrains and hybrid systems offers strong future returns. Companies that develop cost-effective and durable sensors suited for tropical climates will have a competitive advantage in the local market, especially as the demand for vehicle safety and performance monitoring increases.
Government policies emphasize vehicle safety and performance, which drive the demand for advanced components like torque sensors. The Land Transportation Office (LTO) and Department of Transportation (DOTr) have been updating vehicle safety regulations that encourage manufacturers and assemblers to incorporate precise torque sensing technology. Additionally, import duty incentives and technical standards promote the use of torque sensors that comply with global safety and emission norms, thereby supporting the growth of this market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Automotive Torque Sensor Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Automotive Torque Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Automotive Torque Sensor Market - Industry Life Cycle |
3.4 Philippines Automotive Torque Sensor Market - Porter's Five Forces |
3.5 Philippines Automotive Torque Sensor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Automotive Torque Sensor Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Philippines Automotive Torque Sensor Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 Philippines Automotive Torque Sensor Market Revenues & Volume Share, By Mechanical Configuration, 2021 & 2031F |
3.9 Philippines Automotive Torque Sensor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Automotive Torque Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Automotive Torque Sensor Market Trends |
6 Philippines Automotive Torque Sensor Market, By Types |
6.1 Philippines Automotive Torque Sensor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Automotive Torque Sensor Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Automotive Torque Sensor Market Revenues & Volume, By Rotary Torque Sensors, 2021- 2031F |
6.1.4 Philippines Automotive Torque Sensor Market Revenues & Volume, By Reaction Torque Sensors, 2021- 2031F |
6.2 Philippines Automotive Torque Sensor Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Philippines Automotive Torque Sensor Market Revenues & Volume, By Surface Acoustic Wave, 2021- 2031F |
6.2.3 Philippines Automotive Torque Sensor Market Revenues & Volume, By Magnetoelastic, 2021- 2031F |
6.2.4 Philippines Automotive Torque Sensor Market Revenues & Volume, By Optical, 2021- 2031F |
6.2.5 Philippines Automotive Torque Sensor Market Revenues & Volume, By Strain Gauge, 2021- 2031F |
6.3 Philippines Automotive Torque Sensor Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Philippines Automotive Torque Sensor Market Revenues & Volume, By Passenger Vehicles, 2021- 2031F |
6.3.3 Philippines Automotive Torque Sensor Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.4 Philippines Automotive Torque Sensor Market, By Mechanical Configuration |
6.4.1 Overview and Analysis |
6.4.2 Philippines Automotive Torque Sensor Market Revenues & Volume, By Shaft Style, 2021- 2031F |
6.4.3 Philippines Automotive Torque Sensor Market Revenues & Volume, By Flange Style, 2021- 2031F |
6.5 Philippines Automotive Torque Sensor Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Philippines Automotive Torque Sensor Market Revenues & Volume, By Automotive, 2021- 2031F |
6.5.3 Philippines Automotive Torque Sensor Market Revenues & Volume, By Test and Measurement, 2021- 2031F |
6.5.4 Philippines Automotive Torque Sensor Market Revenues & Volume, By Industrial, 2021- 2031F |
6.5.5 Philippines Automotive Torque Sensor Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Automotive Torque Sensor Market Import-Export Trade Statistics |
7.1 Philippines Automotive Torque Sensor Market Export to Major Countries |
7.2 Philippines Automotive Torque Sensor Market Imports from Major Countries |
8 Philippines Automotive Torque Sensor Market Key Performance Indicators |
9 Philippines Automotive Torque Sensor Market - Opportunity Assessment |
9.1 Philippines Automotive Torque Sensor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Automotive Torque Sensor Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Philippines Automotive Torque Sensor Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.4 Philippines Automotive Torque Sensor Market Opportunity Assessment, By Mechanical Configuration, 2021 & 2031F |
9.5 Philippines Automotive Torque Sensor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Automotive Torque Sensor Market - Competitive Landscape |
10.1 Philippines Automotive Torque Sensor Market Revenue Share, By Companies, 2024 |
10.2 Philippines Automotive Torque Sensor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |