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Stock impact report

Tire Pressure Monitoring System Market Poised for 6.2% CAGR Growth, Reaching US$ 6.34 Billion by 2034 | Future Market Insights, Inc. [Yahoo! Finance]

Aptiv PLC Ordinary Shares (APTV) 
Last aptiv plc ordinary shares earnings: 1/30 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Advanced technologies such as vehicle telematics and autonomous driving are fueling demand for automated TPMS solutions to elevate vehicle performance and safety standards. NEWARK, Del, April 03, 2024 (GLOBE NEWSWIRE) -- The tire pressure monitoring system market is anticipated to exhibit a CAGR of through 2034. The market valuation is projected to increase from US$ 3.47 billion in 2024 to US$ 6.34 billion by 2034. The tire pressure monitoring systems (TPMS) industry is being propelled by two major factors: the pressing need to extend the lifespan of tires and the growing concern for vehicle safety. With the increasing deployment of traction control systems in vehicles, the demand for TPMS is expected to surge globally. The tire pressure monitoring systems market is anticipated to have a notable increase in demand due to the growing integration of sensor technologies in passenger cars. The requirement for decreased tire wear, increased fuel efficiency, and greater road safety ex Show less Read more
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