Automotive TPMS Market By Size, Supplier, Demand Analysis, Type, Statistics, Regions and Forecast - 2028

Automotive TPMS market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Automotive TPMS market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

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Tire pressure monitoring system (TPMS) is an electronic system used for monitoring the air pressure in tires. The purpose of the TPMS is to warn the driver in case of high or low tire pressure by illuminating light. The demand for tires that improve fuel efficiency has increased in the recent years. Thus, tire manufacturers have focused on upgrading the existing technologies to improve traction, safety, and mileage. It is crucial to maintain optimum pressure in tires for safe driving, optimal fuel efficiency, and maximizing tire life. TPMS helps to provide greater fuel economy, increases vehicle safety and overall reduces the CO2 emission. TPMS assists in measuring tire pressure and temperature. Moreover, it reduces rolling resistance and the overall weight of the tires.

The incorporation of cutting-edge car safety systems like TPMS, anti-lock braking system (ABS), and lane departure warning system has been imposed by governments across many nations that have begun enforcing strict safety laws. This has proven crucial to lowering the rising rate of accidents. Tires that are 25% underinflated are three times more likely to be involved in accidents than vehicles with appropriate tyre pressure, according to a study by the National Motor Vehicle Crash Causation Survey (NMVCCS). Additionally, TPMS reduces these occurrences by alerting the driver to low tyre pressure. In turn, this is anticipated to fuel market expansion in the near future.

TPMS is an electronic system that is designed to provide real-time information about tire pressure, by monitoring the air pressure inside the tires. Monitoring and measurement of tire pressure of vehicle are done using pressure sensors or with the help of wheel speed sensors such as ESC and ABS. There are two types of TPMS used in vehicles namely direct TPMS and indirect TPMS. Moreover, it is typically used in HCV, LCV, and passenger cars. The TPMS also warns the driver about the number of tires that are underinflated. Generally, a tire pressure monitoring system is operated with the battery having a lifespan of 6-10 years.

Global Automotive TPMS Market: Segmentations

Global Automotive TPMS Market: By Key Players
Sensata Technologies
Continental
Pacific Industrial
ZF TRW Automotive Holdings
Huf Electronics
Delphi Automotive
Bartec USA
Bendix Commercial Vehicle Systems
Advanced Vehicle Electronic Technology
Nira Dynamics

Global Automotive TPMS Market: By Types
Direct TPMS
Indirect TPMS

Global Automotive TPMS Market: By Applications
Passenger Car
Commercial Vehicle

Global Automotive TPMS Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive TPMS market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Benefits:

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Automotive TPMS market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automotive TPMS would help in identifying future applications in this market.

The analysis objectives of the report are:

1. To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry-specific challenges and risks).
2. To know the Automotive TPMS Market by pinpointing its many subsegments.
3. To profile the important players and analyze their growth plans.
4. To endeavor the amount and value of Automotive TPMS sub-markets, depending on key regions (various vital states).
5. To analyze Automotive TPMS Market concerning growth trends, prospects and also their participation in the entire sector.
6. Primary worldwide Automotive TPMS Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans next coming years.
7. To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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