Forecast of Global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Consumption Market 2023

Global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) market will register a 11.6% CAGR in terms of revenue, reach US$ 6980 million by 2023, from US$ 3610 million in 2017. Tire Pressure Monitoring System (TPMS) is an electronic system designed to monitor the air pressure inside the pneumatic tires on various types of vehicles. TPMS report real-time tire-pressure information to the driver of the vehicle, either via a gauge, a pictogram display, or a simple low-pressure warning light.