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392 Corporations
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Automated Tire Sensors aim to reduce traffic accidents and tire wear and increase fuel economy through monitoring and early recognition of a hazardous state of the tires. With many global mandates requiring tire monitoring technologies in new cars, the tire sensor market is expected to grow at a compound annual growth rate of 15% over the next 5 years in China, and be a US$23.6 billion opportunity by 2026. Automated tire sensors could also become a major player within the autonomous vehicle market, with benefits such as decreased downtime and maintenance and improved safety.
