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Global Tire Pressure Monitoring Market Industry Analysis, Size, Share, Growth, Trends, Forecast 2017-2022

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November 14, 2017 in Technology

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Market Overview

Tires provide the basis for comfortable, safe and fuel efficient driving, if they are maintained properly. It seems simple but without a Tire Pressure Monitoring Systems, drivers take tires for granted which results into damages and accidents. It is estimated that properly maintained air pressure in the tires can reduce the number of accidents caused by the speed and poor condition of tyres.

Market Outlook:

Tire Pressure Monitoring Systems is an electronic system intended to note the air pressure inside the tires of every type of vehicles. Tire Pressure Monitoring Systems gives the real time information to the driver of the vehicle through a pictogram display. In recent scenario, automotive safety systems have become advanced, sophisticated and efficient. Increasing adoption rate for automotive safety systems such as Tire Pressure Monitoring Systems has reduced the number of accidents and lowers the impact of accidents on people.

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Market Demand

The main factors driving the demand for automotive TPMS are strict safety norms, increasing health and safety awareness among consumers, technology advancement and high disposable income. Agencies such as New Car Assessment Program (NCAP) are also encouraging manufacturers by awarding safety ratings to cars based on safety performance. Growth in automotive safety systems market such as TPMS is largely driven by strict legislation and norms related to safety. Safety systems such as TPMS is obligatory in developed countries, while legislation in developing countries are creating higher growth opportunities.

Key Players:

Global Tire Pressure Monitoring market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

  • Schrader (Sensata)
  • Continental
  • ZF TRW
  • Pacific Industrial
  • Sate Auto Electronic
  • Huf
  • Lear
  • Denso
  • NIRA Dynamics
  • ACDelco
  • Bendix
  • CUB Elecparts

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Market Segments:

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

  • Direct TPMS
  • Indirect TPMS

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Tire Pressure Monitoring for each application, including

  • Passenger vehicle
  • Commercial vehicle

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Tire Pressure Monitoring in these regions, from 2012 to 2022 (forecast), covering

  • United States
  • EU
  • China
  • Japan
  • South Korea
  • India

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