Automotive Tire Information System Market to Expand with Significant CAGR during 2031
Automotive Tire Information System Market: Introduction Tires play a vital role in safety and performance of vehicles and hence, monitoring of tire information is critical for optimal operation of vehicles The tire information system uses a sensory network to collect information related to tires, such as the air pressure and tread wear, which is subsequently, transmitted to the control unit for corrective action or for displaying to the vehicle operator/owner. Hence, these systems assist in maintaining the tires in optimal working condition. Key Drivers of Automotive Tire Information System Market Fatality rate per vehicle mile driven is increasing. National Highway Traffic Safety Administration (NHTSA) of the U.S. stated that in first nine months of 2020, traffic fatalities rose 4.6% as compared to the last year even though the miles driven per vehicle were less by 14.5%. These factors have raised concerns a...