Automotive TPMS Sensor Market to Reach USD 11.2 Billion by 2032, Growing at 7.1% CAGR | Market Intelo
The global Automotive TPMS Sensor market is experiencing strong growth, fueled by increasing regulatory mandates for vehicle safety and rising consumer awareness of tire pressure monitoring. According to Market Intelo, the market was valued at USD 5.8 billion in 2023 and is projected to reach USD 11.2 billion by 2032, expanding at a CAGR of 7.1% from 2024 to 2032. The growing adoption of passenger cars, commercial vehicles, and electric vehicles equipped with advanced safety systems is a significant factor driving this market.
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