Magneto Elastic Torque Sensor Market Projected to Exceed USD 164.0 Million by 2031
The global magneto elastic torque sensor market was valued at USD 90.3 million in 2022 and is projected to reach USD 164.0 million by 2031, growing at a CAGR of approximately 6.9% from 2023 to 2031. Technological advancements, increasing R&D investments, and a growing focus on automation and performance optimization are contributing to the market’s upward trajectory.
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