Press release
Tyre Pressure Monitoring Systems (TPMS) Market Size, Share, Growth and Demand Forecast to 2020
Browse Report at: www.psmarketresearch.com/market-analysis/tyre-pressure-monitoring-systems-market
The automotive safety systems have become more sophisticated, advanced, and efficient. The augmented adoption rate of automotive safety systems by the automotive industry has resulted in the reduced number of accidents and minimizes the impact of accidents on people. Tyre pressure monitoring systems (TPMS) is a device to control real time tyre pressure and temperature. It is used to monitor the air pressure inside the inflated tyres on several types of vehicles. Wireless TPMS consists of a display unit and sensors. The display unit consists of a built in lithium ion battery in the display unit, so that there is no need to connect a power cable with it. When the car’s tyre hits on a nail or any sharp object, air starts to leak out from the tyre, which remains unnoticed by the drivers. This can be dangerous, if the tyre turns out to be flat. A flat tyre can disturb the balance of the car and may lead to accidents. A flat tyre can be dangerous, as it can completely destroy the tyre and eventually the rim. The tyre pressure monitoring systems alarm the driver of the vehicle in this kind of situations, so that preventive action can be taken before any mishappening takes place.
Browse Related Research: www.psmarketresearch.com/industry-report/automotive-and-transportation
The increasing demand for luxury vehicles in the regions, such as Europe and Asia- Pacific, mainly in developing economies such as India and China, is driving the growth of the global tyre pressure monitoring system market. ZF TRW Automotive Holdings Corp., AVE Technologies, Schrader International Inc., General Electric Company, BARTEC US Corp. are some of the major competitors in the global tyre pressure monitoring systems market.
Global Tyre Pressure Monitoring System Market Segmentation:
By Vehicle Type
• Light commercial vehicle (LCV)
• Heavy commercial vehicle (HCV)
• Passenger Vehicle
By Technology
• Direct TPMS
• Indirect TPMS
By Channel Type
• OEMs
• Aftermarket
By Region
North America
• U.S.
• Canada
• Rest of North America
Latin America
• Mexico
• Brazil
• Rest of Latin America
Western Europe
• Germany
• Italy
• France
• U.K.
• Spain
• Rest of Western Europe
Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
Asia-Pacific
• China
• India
• New Zealand
• Australia
• Rest of APAC
Middle East & Africa
• South Africa
• Rest of MEA
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