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The global ultrasonic sensor market size was USD 3,969.0 Million in 2020 and is expected to reach a value of USD 6,454.2 Million by 2028, and register a CAGR of 6.20% during the forecast period. Increasing applications of ultrasound in healthcare sector, and rising demand for minimally invasive procedures are among the key factors driving growth of the global ultrasonic sensor market.

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The global slaughtering equipment market size was USD 7,391.6 Million in 2020 and is expected to reach a value of USD 10.20 Billion by 2028, and register a CAGR of 4.1% during the forecast period. These are some of the major factors expected to drive growth of the global slaughtering equipment market.

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The global vehicle analytics market size was USD 2,661.9 Million in 2020 and is expected to reach a value of USD 12.18 Billion by 2028, and register a CAGR of 20.70% during the forecast period.

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The global tire material market size was USD 87.03 Billion in 2020 and is expected to reach a value of USD 118.09 Billion by 2028, and register a CAGR of 3.80% during the forecast period.

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The global lipid nutrition market size was USD 9,295.0 Million in 2020 and is expected to reach a value of USD 18.53 Billion by 2028, and register a CAGR of 8.9% during the forecast period.

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The global inertial measurement unit market size was USD 20.38 Billion in 2020 and is expected to reach a value of USD 31.49 Billion by 2028, and register a CAGR of 5.50% during the forecast period. One of the major factors driving growth of the global market include growing demand for inertial measurement unit (IMU) for application in Micro-Electromechanical Systems.

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The global food and beverage processing equipment market size was USD 62.31 Billion in 2020 and is expected to reach a value of USD 98.31 Billion by 2028, and register a CAGR of 5.8% during the forecast period. Increasing number of technological advancements in the food and beverage industry is helping food processing manufacturers to increase production capacity and meet ongoing demand for processed food.

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