Sensor Bearing Market worth $6.5 billion by 2023
Sensor Bearing Market by Functionality (Speed, Temperature, Vibration, Displacement), Application (ABS, Material Handling Equipment, Electric Motors), End-use Industry (Automotive, Transportation, Metal & Mining), and Region – Global Forecast to 2023
The sensor bearing market is estimated to grow from USD 5.1 billion in 2018 to USD 6.5 billion by 2023, at a CAGR of 5.2%. The major...
ABS to Lead the Sensor Bearing Market From 2018 to 2023
The Sensor Bearing Market size is expected to grow from USD 5.1 billion in 2018 to USD 6.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. The major factors driving the sensor bearing market are the increasing demand for sensor bearings from end-use industries, such as automotive and transportation, and the enforcement of stringent regulations related to...