Global Automotive Tire Pressure Monitoring System (TPMS) Market Is Expected to Reach $3.4 Billion by 2021
According to a new market report published by Lucintel, the future of the global automotive TPMS market looks attractive with opportunities in the passenger car and light commercial vehicle. The global automotive TPMS market is expected to reach an estimated $3.4 billion by 2021 at a CAGR of 12.6% from 2016 to 2021. The major drivers of growth for this market are increasing passenger car production and government regulations on vehicle safety systems.
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