Automotive Tyre Pressure Monitoring Systems Market to See Massive Growth by 2028

The global automotive tyre pressure monitoring systems market is anticipated to grow at a significant CAGR during the forecast period. The major factor propelling the growth of the global automotive tyre pressure monitoring systems market includes the growing number of road accidents prompting the government authorities to impose safety regulations and norms globally. As per the Global Status Report on Road Safety, by World Health Organization (WHO) in 2018, around 1.35 million died due to road traffic accidents. In addition to this, the growing consumer preference towards safety and advanced driving systems will drive the growth of the market.

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Tyre Pressure Monitoring System (TPMS) is an electric-oriented system that observes the air pressure inside the tyres and provides real-time information. Tyre Pressure Monitoring System (TPMS) has the key purpose of warning the driver when at least one or more tyres are significantly under-inflated, which will possibly create unsafe driving conditions.

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  • Market Coverage
  • Market number available for – 2022-2028
  • Base year- 2021
  • Forecast period- 2022-2028
  • 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 Tyre Pressure Monitoring System Market by Segment

By Technology

  • Indirect Tyre Pressure Monitoring
  • Direct Tyre Pressure Monitoring

By Type of Vehicle

  • Commercial Vehicle
  • Passenger Cars

Global Automotive Tyre Pressure Monitoring Market by Region 

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

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