Tire Pressure Monitoring Systems (TPMS) Market, By Technology (Direct, Indirect), By Vehicle Techno

Published Date: | Report Code : AT1929743

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Tire Pressure Monitoring Systems (TPMS) Market, By Technology (Direct, Indirect), By Vehicle Technology (Passenger vehicles, Light Commercial vehicles, Heavy Commercial vehicles), By Sales Channel (OEM, Aftermarket), By Region (North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2025)

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Domain : Automotive

Report Code : AT1929743

Status : Upcoming

A tire pressure monitoring system (TPMS) is an electronic system that is used for monitoring the air pressure and temperature of the vehicle’s tire in real-time and alerting the driver as well by using an alarm and displaying the real-time pressure and temperature on an LCD. The reduction of pressure in an automobile tire results in decreased tire life, mileage, safety, and vehicle performance. Thus, the major advantages of introducing such systems are that they improve convenience during driving and also help to reduce the number of accidents. TPMS also aids to increase the fuel mileage, durability of tires and also provides proper vehicle handling.

Segment Analysis

The global tire pressure monitoring system (TPMS) market is segmented on the basis of technology, vehicle technology, and sales channel. On the basis of technology, it is segmented into direct and indirect TPMS. The direct TPMS technology is majorly used as it provides many advantages when compared to the indirect system such as it delivers accurate pressure for every tire and there is no leach that is caused in the tire pressure information by tire rotation or replacement, sensor batteries.

By Vehicle Technology, it is segregated into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Owing to the increasing disposable income of the people, there has been significant growth in the passenger vehicle segment. On the basis of the sales channel, it is divided into OEM and aftermarket. The OEMs are adopting various intelligent systems driven by sensors to boost car sales. The intelligent tire pressure monitoring system is expected to drive the growth of the next-gen vehicles and the tire pressure monitoring system market.

The United Nations regulation UNECE-R64, legislation about tire pressure monitoring system for new vehicle models that came in force from the end of 2012, and also for all vehicles from November 2014, primarily for environmental reasons has also positively impacted the market.

Key Factors Impacting Market Growth:

  • Increasing the need for curbing vehicular emissions and improving the fuel efficiency of the vehicle.

  • Increasing focus of the customers for the adoption of advanced safety systems

  • Rise in traveling frequencies due to rapid urbanization and changing lifestyles

Regional Analysis

The regional outlook section for the tire pressure monitoring system (TPMS) market provides the region-wise market estimations and forecasts along with related market dynamics. In addition, this section provides information about scenarios in major segments including country, type, applications, and others in the tire pressure monitoring system (TPMS) market for a particular region. Major regions considered in the study include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. The automotive sector has witnessed steady growth in recent years owing to market recovery from recent slowdowns as well as technological transitions with regards to vehicle technology. North America and Western Europe have been established markets for the automotive sector with the presence of major companies operating in the market along with comparatively short product life cycles. Also, being early adopters of the latest technologies, these regions have been witnessing major technology transitions towards green fuels and related infrastructure. Major countries in these regions include the US, Germany, France, UK, Italy, Canada, Spain, and others.

Asia Pacific region is expected to register the fastest growth during the forecast period owing to the presence of key emerging economies with substantial market demand. Some of the major economies in the region include China, India, South Korea, Japan, and so on. Major companies operating in the market have made strategic developments to cater to the market demand in the region as well as increase the market presence. The Middle East and Eastern Europe are estimated to be potential markets for tire pressure monitoring system (TPMS) with growing demand from countries including the UAE. Saudi Arabia, Qatar, Russia, and Turkey. The rest of the World consisting of South America and Africa is estimated to be an emerging region for tire pressure monitoring system (TPMS) market with high demand from countries including Brazil, South Africa, Argentina, and so on.

Companies Covered: Robert Bosch, ZF Friedrichshafen AG, Continental AG, Sensata Technologies, Inc., Denso Corporation, Pacific Industrial Co., Ltd., NXP Semiconductors, WABCO, Huf Hülsbeck & Fürst GmbH & Co. KG, NIRA Dynamics AB, Bendix Commercial Vehicles Systems LLC, Dunlop Tech GmbH, Hamaton Automotive Technology Co., Ltd., Bartec USA LLC, and ATEQ.

Market Segmentation:

By Technology:

  • Direct

  • Indirect

By Vehicle Type:

  • Passenger vehicles

  • Light Commercial vehicles

  • Heavy Commercial vehicles

By Sales Channel:

  • OEM

  • Aftermarket

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Technology

    • By Vehicle Type

    • By Sales Channel

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Technology

    • By Vehicle Type

    • By Sales Channel

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Technology

    • By Vehicle Type

    • By Sales Channel

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Technology

    • By Vehicle Type

    • By Sales Channel

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Technology

    • By Vehicle Type

    • By Sales Channel

  • Rest of the World

    • By Region (South America, Africa)

    • By Technology

    • By Vehicle Type

    • By Sales Channel

Reasons to Buy This Report:

  • Market size estimation of the global tire pressure monitoring system (TPMS) market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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