Report ID: SQSG25A2018
Report ID:
SQSG25A2018 |
Region:
Global |
Published Date: February, 2024
Pages:
220
|
Tables:
90 |
Figures:
80
Tire Sensor Market size was valued at USD 6.63 Billion in 2023 and is poised to grow from USD 7.25 Billion in 2024 to USD 14.75 Billion by 2032, growing at a CAGR of 9.4% during the forecast period (2025-2032).
The tire sensors or tire-pressure monitoring system (TPMS) is an electronic system that is utilized to screen the temperature and air pressure for the vehicle's tire and show the real-time temperature and tire pressure on the screen. This cautions the driver in the event that there is any hazard with the difference in air pressure on the tire of the vehicle. There are many elements connected with the decrease of air pressure in a vehicle. The foremost factors for a diminished tire life, mileage, vehicle performance, comfort and security. The presence of such a sensor sytem in the market enjoys significant benefits that improves the driver's comfort and aids in diminishing the quantity of accidents. This sensor system additionally prolongs the fuel efficiency, better strength of tires, and improved driving quality.
US Tire Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQSG25A2018