[Market Report] Automotive Tire Pressure Monitoring System Market
Report ID: AA0823651
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.
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Overview of Segmentation The global automotive tire pressure monitoring system market segmentation focuses on vehicle type, product type, sales channel, and region. By Vehicle Type Passenger Cars LCV (Light Commercial Vehicles) HCV (Heavy Commercial Vehicles) By Product Type Direct TPMS Indirect TPMS By Sales Channel OEM (Original Equipment Manufacturer) Aftermarket Key Companies: ZF Friedrichshafen AG ATEQ Continental AG Bartec USA LLC Sensata Technologies Inc Huf Hülsbeck & Fürst GmbH & Co. KG AUTOMOTIVE TECHNOLOGY Rivigo Services Denso Corp DUNLOP TECH GmbH Pacific Industrial Co. Ltd Bendix Commercial Vehicles Systems LLC NXP Semiconductors Nira Dynamics AB WABCO Hamaton Automotive Technology
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