Global Automotive TPMS Market worth | PMI (prophecymarketinsights.com)
The report "Global Automotive TPMS Market, By Type (Direct TPMS, and Indirect TPMS), By Sales Channel Type(OEM, and Aftermarket), By Vehicle Type(Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Region - Global Forecast to 2030" global automotive TPMS market is projected to grow from US$ 1.02 billion in 2019. The major drivers of growth for this market are increasing vehicle production, increasing demand for driving safety and reliability, reduction in fuel consumption. Consumer preference toward advanced driver assistance systems, with safety acting as a major propellant for the growth of the automotive TPMS market. Whereas, the emergence of sales is expected to offer lucrative growth opportunities to the target market