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
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.
To Access PDF Sample Report, Click Here: @ https://www.reportsmonitor.com/request_sample/3517
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 :-
Avail upto 50% discount while purchasing this report: https://www.reportsmonitor.com/check_discount/3517
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.
Access full report Description, TOC and Table of Figure @ https://www.reportsmonitor.com/report/3517/Tyre-Pressure-Monitoring-System-Market
Thanks for reading this article you can also get individual chapter wise section or region wise report version like Asia, United States, Europe.
Customization of this Report
This report can be customized to meet the client’s requirements. Please connect with our sales team who will ensure that you get a report that suits your needs.
Reports Monitor is a market intelligence and consulting firm with extensive experience and knowledge of the Market Research industry.
Our aim is to change the dynamics of the Market Research industry by providing quality intelligence backed by data. Your requirement for market forecasting is fulfilled by our exclusive quantitative and analytics driven intelligence. Decision makers can now rely on our distinct data gathering methods to get factual market forecasting and detailed analysis.
Mr Jay Matthews
Direct: +1 513 549-5911 (U.S.), +44 203 318 2846 (U.K.)
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 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 here
News-ID: 1302663 • Views: 688
More Releases from Reports Monitor
2019 Global Smart Home Security and Safety Systems Market Trend Analysis and Ind …
Smart Home Security and Safety Systems Market GMD analysis model indicates that the aggregated revenue of global smart home security & safety systems market during 2019-2025 is expected to reach $134.5 billion owing to growing adoption of various types of smart security devices in global households. Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below:- www.reportsmonitor.com/request_sample/352365 Scope of the Report: Highlighted with 72
Radar Sensor Market 2019 Top Key Players: NXP Semiconductors N.V., Robert Bosch …
Radar Sensor Market The report provides a global analysis of Radar Sensor Market data from 2019 to 2024. The report reveals the overview, chain structure, and illustrate the industry’s current situation, evaluate global market volume/share. The market report studies key player’s Profiles/Analysis, product insights, regional analysis insights, product types, and product application insights. The market has been qualified based on a comprehensive market analysis with inputs from industry experts. Have Questions?
OKR Software Market report with Leading players: SpiraLinks, Wrike, BetterWorks, …
2019-2025 OKR Software Market Report with Depth Analysis: The report provides a global analysis of the OKR Software Market report provides Insightful information to the clients enhancing their basic leadership capacity identified. This Report is segmented into Manufactures, Types, Applications, and Regions. The market covers the wide spectrum of the factors governing future growth, including drivers, challenges, emerging trends, technology changes, and environmental factors. The global OKR Software market size was xx million US$
Event Logistics Market analysis report with Major players Rhenus Logistics, UPS, …
Event Logistics Market Market Overview of Event Logistics Market: The report provides a global analysis of Event Logistics Market Report provides Insightful information to the clients enhancing their basic leadership capacity identified. This Report is segmented into Manufactures, Types, Applications, and Regions. The market covers the wide spectrum of the factors governing future growth including drivers, challenges, emerging trends, technology changes, and environmental factors. The global Event Logistics market size was xx
More Releases for TPMS
Battery-less TPMS Market Estimation with Key Players like Batteryless TPMS, ALPS …
Battery-less TPMS Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Get FREE Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/10252 UpMarketResearch offers a latest published report on “Global Battery-less TPMS Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a
Global TPMS Sensor Market Analysis, Growth, Trends & Forecast 2018-2023
June 2018, New York USA (News)- A new market study, titled “Global TPMS Sensor Market Research Report 2018”, has been featured on Research Reports Inc. This report studies the global Medical Alert Systems market status and forecast, categorizes the global Medical Alert Systems market size (value, volume) by key players, type, application The global market size of TPMS Sensor Market is $XX million in 2017 with XX CAGR from 2013 to
Tire Pressure Monitoring System (TPMS) Aftermarket | ResearchByMarkets
ResearchByMarkets / Press Release / Automotive, "Global and China Tire Pressure Monitoring System (TPMS) Industry Report, 2017-2021", 165 Pages, 16 Companies Profiled. Summary Tire Pressure Monitoring System (TPMS) is an electronic system designed to monitor the air pressure inside the pneumatic tires on various types of vehicles. Aftermarket TPMS refers to TPMS which is used in a car after the owner purchased the car. Peruse more information: https://www.researchbymarkets.com/report/global-and-regional-aftermarket-tire-pressure-monitoring-system-tpms-market-research-report-2017-11431.html Market Segment for Tire Pressure Monitoring
By 2024, Automotive TPMS Market to Value at 6.7% CAGR
By vehicle type, passenger car segment is the largest segment in the global automotive TPMS market. This segment is estimated to account for 79% value share of the market by 2016 end. Growing demand for luxury cars is expected to continue to push demand for automotive TPMS in passenger car segment. Mandatory use of TPMS in passenger vehicles in the U.S., South Korea, and the European Union is further fueling
Global Battery-less TPMS Market 2017 : Transense, VisiTyre, STE Engineering
Global Battery-less TPMS Market 2016 - 2017 A market study based on the " Battery-less TPMS Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Battery-less TPMS Market 2017’. The research report analyses the historical as well as present performance of the worldwide Battery-less TPMS industry, and makes predictions on the future status of Battery-less TPMS market on the basis of this analysis. Get Free
By 2024 Automotive TPMS Market to Rise at 6.7% CAGR
The global automotive TPMS market is expected to expand at a CAGR of 6.7% in terms of value during the forecast period. Presently, North America is the largest market for automotive TPMS, however, Asia-Pacific is expected to emerge as the largest market for automotive TPMS over the forecast period. Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/tire-pressure-monitoring-systems-market.asp Stringent government regulations to equip TPMS in passenger vehicles, growing adoption of automotive safety systems and rising focus