- Rising demand for smart bearings in electric vehicles (EVs), wind turbines, and industrial automation is contributing to market expansion
- Technological advancements such as embedded speed and temperature sensors are supporting smarter machine applications
- North America dominated the sensor bearings market with the largest revenue share in 2024, driven by advanced manufacturing capabilities, widespread adoption of Industry 4.0 practices, and a strong automotive and aerospace sector
- Asia-Pacific region is expected to witness the highest growth rate in the global sensor bearings market, driven by rapid industrialization, expanding automotive production, and the integration of smart sensor technologies across various sectors such as transportation, mining, and energy
- The speed segment dominated the market with the largest revenue share in 2024, driven by its widespread application in automotive systems such as anti-lock braking systems (ABS) and electric motors. Speed detection plays a critical role in ensuring optimal safety, control, and energy efficiency in dynamic environments. The adoption of speed sensor bearings is further supported by their integration in smart systems requiring real-time feedback and precision control across various industries
