The global automotive tire pressure monitoring systems market is estimated to grow at a significant CAGR during the forecast period. The safety regulations and norms imposed by governments across the globe is a key factor to promote the adoption of the automotive tire pressure monitoring system in vehicles by automobile manufacturers. This factor is likely to impose a considerable impact on the positive growth of the global automotive tire pressure monitoring system market.
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Nowadays, tire pressure monitoring systems have become a crucial part of all types of vehicles as these systems facilitate the vehicle driver to maintain proper tire pressure. The automotive tire pressure monitoring systems increase the safety of the vehicle driver on the road by improving its vehicle’s handling, decreasing tire wear, reducing braking distance, and bettering fuel economy. The technological advancements in the tire pressure monitoring systems are anticipated to offer considerable opportunities to market growth.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Tire Pressure Monitoring System Market
By Technology
- Indirect Tire Pressure Monitoring
- Direct Tire Pressure Monitoring
By Type of Vehicle
- Commercial Vehicle
- Passenger Cars
Global Automotive Tire Pressure Monitoring Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Cover
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive tire pressure monitoring system market. Based on the availability of data, information related to developing products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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