A tire-pressure monitoring system (TPMS) is an electronic system designed to monitor the air pressure inside the pneumatic tires on various types of vehicles. TPMS report real-time tire-pressure information to the driver of the vehicle, either via a gauge, a pictogram display, or a simple low-pressure warning light.
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.Although the overall automotive active safety systems market is growing significantly, challenges such as lack of standardization and high prices of TPMS is hindering the growth for TPMS market.Test conducted by one of the leading tire and rubber company have shown that almost 15% under-inflation tires can result an 8% drop in expected tire life and 2.5% decrease in fuel efficiency.
In terms of geography, the global tire pressure monitoring system market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. North America is the largest market for TPMS followed by Europe and Asia Pacific. Increasing demand for luxury vehicles in regions like Europe and Asia Pacific, mainly in developing economies such as China and India is driving the TPMS market. Factors such as adoption of safety regulations by government agencies along with an increase in vehicle sales and safety installations per vehicle, are fuelling the demand for automotive TPMS globally.
Global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Tire Pressure Monitoring System (TPMS) (Automobile TPMS).
This industry study presents the global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Tire Pressure Monitoring System (TPMS) (Automobile TPMS) production, revenue and market share by manufacturers, key regions and type;
The consumption of Tire Pressure Monitoring System (TPMS) (Automobile TPMS) in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Schrader (Sensata), Pacific Industrial, etc.
The following manufacturers are covered in this report:
- Schrader (Sensata)
- Pacific Industrial
- TRW (ZF)
- Huf Hülsbeck & Fürst GmbH & Co
- Sate Auto Electronic
- Shanghai Baolong Automotive
- Shenzhen Hangshen Electronic
- Steelmate Co
- Nanjing Top Sun Technology
- Kysonix Inc
- Foryou Corp
- Shenzhen Autotech
- Dongguan Nannar Electronic Technology
Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Breakdown Data by Type
- Direct TPMS
- Indirect TPMS
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Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Breakdown Data by Application
- Passenger Cars
- Commercial Vehicles
Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Production by Region
- United States
- South Korea
- Other Regions
The study objectives are:
- To analyze and research the global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) status and future forecast，involving, production, revenue, consumption, historical and forecast.
- To present the key Tire Pressure Monitoring System (TPMS) (Automobile TPMS) manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
- To segment the breakdown data by regions, type, manufacturers and applications.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Tire Pressure Monitoring System (TPMS) (Automobile TPMS):
History Year: 2014 – 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 – 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Tire Pressure Monitoring System (TPMS) (Automobile TPMS) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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