Ultrasonic Sensor Market Overview
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The Ultrasonic Sensor Market was valued at USD 5 billion in 2022 and is projected to grow from USD 9 billion in 2023 to USD 16 billion by 2030, representing a compound annual growth rate (CAGR) of 13.00% during the forecast period from 2023 to 2030. Ultrasonic sensors are devices that use ultrasonic waves to detect objects, measure distances, and monitor various conditions, making them essential in numerous applications across various industries.
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