Tire Sensors Market: Estimated To Experience A Hike In Growth By 2020 - 2030
Tire Sensors : Introduction Tire sensors are small programmable electronic devices, located in the pressurized pocket made by a wheel and tire. These are the transducers that convert one form of signal into another. The rising focus on passenger safety and miniaturization leading to an increased range of applications across the industry, and stringent government regulations concerning emissions owing to the increasing number of vehicles are the major factors expected to drive the growth of the global tire sensors market during the forecast period. The tire sensors market is segmented based on vehicle type (passenger car, light commercial vehicle, heavy commercial vehicle), application (tire pressure monitoring systems (TPMS), brake booster system, airbag system, vehicle dynamic control, and others), and region. Rise in Demand in Tire Pressure Monitoring Systems (TPMS) In terms of application, the tire pressure monitoring systems (TPMS) segment is expected to be the fastest g...