Global Automotive TPMS Market to Witness Steady Growth Due to Rising Vehicular Safety Awareness by 2021
Global Automotive TPMS market is expected to grow at a CAGR of 15.23% during the forecast period. North America was the largest market in 2016, accounting for a share of over 39%, followed by the European countries and Asia-Pacific countries. TPMS is an electronic system designed to provide real-time information about tire pressure by monitoring the air pressure inside the tires.