Government laws in both North America and parts of Europe are driving the adoption of tire pressure monitoring systems (TPMS), but the relatively small size of the installed base and lack of consumer and installer awareness have held back unit volumes so far. However, education and promotion efforts led by key manufacturers, combined with a growing installed base, have set the stage for rapid increase in TPMS sensor volumes, particularly beyond 2014. This research service identifies the key market drivers and restraints, demand metrics and competitive factors to provide a comprehensive analysis of the future market growth for TPMS sensors.
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