Tire Pressure Monitoring System market Growth Projections Report, market Report with Key Company’s Profiles-Forecast to 2030
Market Overview This Automotive Tire Pressure Monitoring System (TPMS) market is an operational safety system which monitors tire pressure using pressure sensors or ABC or ESC unit wheel sensors. The longest service life of the cells used in the TPMS is typically 6 to 10 years. Additionally, it is fully reliant on batteries and must be changed if the battery is dead. The International Tire Pressure Monitoring System market was worth $11,651 million in 2018 and is expected to be worth roughly $20,620 million through the end of the forecast period. Tire Pressure Monitoring System Market is estimated to increase at a 7% CAGR between 2023 and 2030. The tire pressure monitoring system is an electronic device that monitors the tire's air temperature and pressure and displays the real-time temperature and pressure on the screen. This warns the driver if there is a risk associated with the change in pressure on the automobile's tires. Get Free Sample Report @...