Global Tire Pressure Monitoring System (TPMS) Market Emerging Growth by Top Players | Schrader, Pacific Industrial, Lear, Visteon

Qyresearchreports include new market research report Global Tire Pressure Monitoring System (TPMS) Market Insights, Forecast to 2025 to its huge collection of research reports.

This industry study presents the global Tire Pressure Monitoring System (TPMS) market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Tire Pressure Monitoring System (TPMS) production, revenue and market share by manufacturers, key regions and type;

The consumption of Tire Pressure Monitoring System (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, Pacific Industrial, etc.

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TPMS is an electronic system, designed to provide real-time information about tire pressure by monitoring the air pressure inside the tires. TPMS warns the driver about the number of underinflated tires. TPMS is classified into two categories: direct TPMS and indirect TPMS. Direct TPMS provides real-time information of the tire pressure using pressure monitoring sensors in the tires. As a result, automotive manufacturers are shifting their focus on the usage of direct TPMS sensors to improve the safety of the consumers.

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.

The global TPMS market is expected to register healthy CAGR during the forecast period. 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) market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018-2025 as the forecast period to estimate the market size for Tire Pressure Monitoring System (TPMS).

The following manufacturers are covered in this report:
Schrader
Pacific Industrial
Lear
Visteon
Denso
Huf Hlsbeck & Frst
ACDelco
Sate Auto Electronic
Kysonix
Foryou Corp

Tire Pressure Monitoring System (TPMS) Breakdown Data by Type
Direct TPMS
Indirect TPMS

Tire Pressure Monitoring System (TPMS) Breakdown Data by Application
Passenger Cars
Commercial Vehicles

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Tire Pressure Monitoring System (TPMS) Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions

Tire Pressure Monitoring System (TPMS) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

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The study objectives are:
To analyze and research the global Tire Pressure Monitoring System (TPMS) status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Tire Pressure Monitoring System (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.

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) 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.

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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