Tyre Pressure Monitoring System Market by Types,Regions, Applications and Manufacturers- Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Valeo, Pacific Industrial Co. Ltd., Huf Hülsbeck & Fürst GmbH & Co. KG, ZF Friedrichshafen AG, Sensata Tec

Tyre Pressure Monitoring System Market

The tire pressure monitoring system (TPMS) gives a real-time measurement of air pressure inside the tire. The driver of the vehicle can look and analyze the tire pressure through a gauge, low-pressure warning light, or pictogram display. TPMS is an electronic system which is designed to measure air pressure inside the air filled tires on different types of vehicle.

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The purpose of the tire pressure monitoring system (TPMS) is to warn the driver of a vehicle about the pressure of tire that whether the tire is more or underinflated. The uneven pressure will create unsafe driving conditions. However, proper tire maintenance with use of TPMS can prevent many severe accidents. Indirect TPMS normally relies on wheel speed sensors that the anti-lock brake system uses. Calculation of the rate of revolution each wheel is making and can be used by onboard computer systems can be done using sensors. These sensors are used to compare with each other and to other vehicle operation data such as speed. The US government established the Transportation Recall Enhancement, Accountability, and Documentation (TREAD) Act in response to a choice of accidents due to underinflated tires. The result of this codification is that many vehicles sold in the United States since 2007 include a tire pressure monitoring system of some kind.

According to WHO, in 2015, the road traffic fatality rate per 100,000 populations was 17.4. This shows the increasing need of automobile safety & security technologies to reduce increasing incidence of road accidents. Innovative technologies such as electronic stability control (ESC), anti-lock braking systems (ABS), lane departure warning system (LDWS), and tire pressure monitoring system (TPMS) are gaining traction due to increasing safety concerns worldwide. TPMS has obtained footing following usage of the TREAD (Transportation Review Upgrade, Responsibility, and Documentation) act in the U.S. in 2007. Keeping in track with U.S, various other regions such as Europe, South Korea, and Taiwan implemented TPMS mandating regulations. North America is estimated to account for highest share in terms of value by 2016. Emerging economies such as Japan, Russia, China and India are expected to enforce TPMS legislation in the near future. In automotive TPMS market, direct TPMS is the dominant segment.

This is generally accredited to its technological edge as compared to indirect TPMS. Indirect TPMS is estimated to observe constant growth in countries of Asia Pacific and the Middle East & Africa, due to its low cost as compared to direct TPMSF. The rise in acceptance of automotive safety systems in the recent past has engendered increased demand for TPMS. The compulsion for installation of TPMS in passenger cars is another major factor anticipated to fuel demand for TPMS in the U.S., Europe, South Korea, and Taiwan over the forecast period. The usage of tire pressure monitoring system will lead to improved fuel economy and helps save damage to property such as damage to vehicles, roadside shops, and others due to accidents related to tire-related issues. Prospective savings in fuel economy and property damage has further enhanced demand for tire pressure monitoring systems across the globe.

However, the fear of being tracked using TPMS sensors is a potential threat of for the market and is anticipated to be a major restraint for growth of the market. Additionally, erroneous results of indirect TPMS can affect orders for indirect TPMS in some regions. Prominent players in the TPMS market are concentrating on strategic mergers and acquisitions with other players in the market in order to enhance their product offerings and increase global reach. Similarly, prime players in the global TPMS market are focussed on flourishing their aftermarket business to cater to increasing demand for replacement of aging TPMS in countries such as the U.S.

Top Key Players of Tyre Pressure Monitoring System Market :-

Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Valeo, Pacific Industrial Co. Ltd., Huf Hülsbeck & Fürst GmbH & Co. KG, ZF Friedrichshafen AG, Sensata Technologies, Inc., WABCO, Schrader-Bridgeport International, Inc., AVE technologies S.r.l., Denso Corporation, NXP Semiconductors, and Bartec USA LLC.

Market Segment By Type :-

Direct TPMS, Indirect TPMS

Market Segment By Applications :-

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What are the key dynamic factors that are detailed in the report?

Key Market Dynamics: The Global Tyre Pressure Monitoring System Market research report details the latest industry trends, growth patterns, and research methodologies. The factors that directly contribute to the growth of the market include the production strategies and methodologies, development platforms, and the product model itself, wherein a small change would result in further changes in the overall report. All of these factors are explained in detail in the research study.

Market Outlook: The report also sheds light on some of the major factors, including R&D, new product launches, M&A, agreements, partnerships, joint ventures, collaborations, and growth of the key industry participants, on a regional and global basis.

Major Features: The report provides a thorough analysis of some of the significant factors, which include cost, capacity, capacity utilization rate, production, revenue, production rate, consumption, import/export, supply/demand, gross, market share, CAGR, and gross margin. Besides, the report provides a comprehensive study of the key influencing factors and market inclinations, in addition to the relevant market segments and sub-segments.

Analytical Tools: The Global Tyre Pressure Monitoring System Market report consists the precisely studied and evaluated information of the key players and their market scope using several analytical tools, including SWOT analysis, Porter’s five forces analysis, investment return analysis, and feasibility study. These tools have been used to efficiently study the growth of the major industry participants.

Potential Customers: The report offers detailed insights to users, service providers, suppliers, manufacturers, stockholders, and individuals who are interested in evaluating and self-studying this market.

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