![[Market Report] Automotive Tire Pressure Monitoring System Market](https://image.mono.ipros.com/public/product/image/ee5/2000975330/IPROS64295492088311533973.jpeg?w=280&h=280)
[Market Report] Automotive Tire Pressure Monitoring System Market
The global market for automotive tire pressure monitoring systems (TPMS) is expected to surge, reaching 19.25 billion USD by 2031.
The global automotive tire pressure monitoring system (TPMS) market is on a remarkable growth trajectory, with sales reaching approximately $6.41 billion in 2022. This growth momentum is expected to accelerate further, with estimates predicting it will reach $19.25 billion by 2031. The industry is projected to achieve a compound annual growth rate (CAGR) of 13% during the forecast period from 2023 to 2031. TPMS plays a crucial role in enhancing traffic safety, reducing fuel consumption, and extending tire lifespan. Several factors are driving the expansion of this market. For application methods, please check the [PDF download] button or apply directly through the related links.
- Company：Panorama Data Insights Ltd.
- Price：Other
