Sensor Bearing Market Size, Share Growth and Report 2030
The report "Sensor Bearing Market by Functionality (Displacement, Speed, Temperature, Vibration and Others), by Application (Anti-lock Brake Systems (ABS), Electric Motors, Material Handling Equipment and Others), by End User (Aerospace & Defense, Automotive, Metal & Mining, Oil & Gas, Transportation and Others)-Global Forecasts to 2030" The global sensor baring market size was valued at USD 6.62 billion in 2023 and is poised to grow at a significant CAGR of 5.5% during the forecast period 2024-2030. The growth of the market is majorly driven by growing demand for sensor bearings from numerous end-use industries.
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