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Qualitative Automotive report on Tire Pressure Monitoring Software Market 2019, Demand , Global Scope, Deep Analysis, & Industry Size, Forecast 2026 and Key Players Valeo, Robert Bosch, ZF Friedrichshafen AG, Continental AG, Sensata Technologies, Inc., De
It is projected that the global tire pressure monitoring system (TPMS) market will experience significant growth during the forecast period of 2019-2026. The inspection of the tires has become an important part of the routine checks of the vehicle, to ensure the safety of the passengers. In addition, the strict government regulations that govern the automotive industry with respect to safety and protection are projected to drive the demand for tire pressure monitoring systems in the coming years.Global tire pressure monitoring systems and their demand from independent automotive and aftermarket manufacturers. The report evaluates the demand both in terms of volume and value during the forecast period of 2019-2026. It is likely that the global tire pressure monitoring system reaches a market valuation of expanding to a stellar CAGR of +10% up to 2026.
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Major players operating in the global tire pressure monitoring system market for automotive include Valeo, Robert Bosch, ZF Friedrichshafen AG, Continental AG, Sensata Technologies, Inc., Denso Corporation, Pacific Industrial Co., Ltd., NXP Semiconductors, WABCO, Huf Hülsbeck & Fürst GmbH & Co. KG, NIRA Dynamics AB, Bendix Commercial Vehicles Systems LLC, Dunlop Tech GmbH, Hamaton Automotive Technology Co., Ltd., Bartec USA LLC, and ATEQ.
Tire Pressure Monitor System market and also provides a forecast for the market growth and its imperative market contenders Sensata Technologies Inc., Continental AG, Pacific Industrial Co. Ltd., ZF TRW Automotive Holdings Corp, Huf Electronics, Delphi Automotive Plc, Bartec USA LLC, Bendix Commercial Vehicle Systems LLC, Advanced Vehicle Electronic Technology Co. Ltd., Nira Dynamics based on the gathered and analyzed data.
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Various decisions by countries in Europe have negatively affected business in the region. Rise in revised taxes during Brexit is likely to hamper production and sales of automobiles in Europe, which in turn is predicted to restrain the tire pressure monitoring system market for automotive in the region.
The Americas region comprises the U.S., Mexico, Brazil, Canada, and others. Mexico and Brazil are the emerging economies in this segment. The United States New Car Assessment Program (US NCAP) is a flagship consumer information program of the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA). In the coming years,US NCAP will adjust its rating system to reflect the improvements in the safety features in the U.S. vehicles.
Major Factors Report:
Global Tire Pressure Monitoring Software Market Research Report
• Global Economic Impact on Industry
• Global Supply (Production), Consumption, Export, Import by Regions
• Global Production, Revenue (Value), Price Trend by Type
• Global Market Analysis by Application
• Manufacturing Cost Analysis
• Market Effect Factors Analysis
• Global Tire Pressure Monitoring Software Market Forecast
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