Ultrasonic Sensor Market to Experience Significant Growth Driven by Advancements in Automation and Industrial Applications
The Ultrasonic Sensor Market was valued at USD 5 Billion in 2022 and is poised for robust growth in the coming years. The market is projected to grow from USD 9 Billion in 2023 to USD 16 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.00% during the forecast period from 2023 to 2030. This growth is largely driven by the increasing demand for ultrasonic sensors across...
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