Frost & Sullivan: Growing Replacement Volumes Propel Tire Pressure Monitoring Aftermarket in North America and Europe

Frost & Sullivan: Growing Replacement Volumes Propel Tire Pressure Monitoring Aftermarket in North America and Europe PR Newswire MOUNTAIN VIEW, California, Dec. 13, 2012 - Manufacturers must raise awareness among technicians and consumers to boost the adoption of replacement sensors MOUNTAIN VIEW, California, Dec. 13, 2012 /PRNewswire/ -- Laws mandating the installation of tire pressure monitoring systems (TPMS) in new vehicles are leading to a swift increase in the installed base of this technology in the United States and European Union (EU). With the proliferation of universal sensors and aggressive efforts to raise consumer awareness, the TPMS aftermarket is set for robust revenue growth. New analysis from Frost & Sullivan (http://www.automotive.frost.com), Strategic Analysis of the North American and European Tire Pressure Monitoring Systems Aftermarket, finds that the market earned revenues of over $111.7 million in 2011 and estimates this to reach $386.6 million by 2018. If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country. The original equipment (OE) installation rate for TPMS in North America has remained at 100 percent since 2007.