Global Automotive Tire Pressure Monitoring System (TPMS) Market 2021 is expected to register a CAGR of 15.23%, during forecast period with Impact of Covid 19 Analysis

Automotive

Global “Automotive Tire Pressure Monitoring System (TPMS) Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Automotive Tire Pressure Monitoring System (TPMS) in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Automotive Tire Pressure Monitoring System (TPMS) Market report categorizes the market based on manufacturers, regions, type, and application. Automotive Tire Pressure Monitoring System (TPMS) Market reports offer a detailed assessment of the Automotive Tire Pressure Monitoring System (TPMS) including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Automotive Tire Pressure Monitoring System (TPMS) market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The market is expected to register a CAGR of 15.23% during the forecast period. North America was the largest market in 2017, accounting for a share of over 39%, followed by the European countries and Asia-Pacific countries. TPMS is an electronic system designed to provide real-time information about tire pressure by monitoring the air pressure inside the tires. In addition, TPMS warns the driver about the number of tires that are underinflated. The increasing demand from emerging markets, such as India and China, as a result of the rising demand for automobiles (especially luxury vehicles), and new TPMS regulations in China and South Korea will also positively affect the growth of the market.

In terms of technology, TPMS is classified into two categories: direct TPMS and indirect TPMS. Direct TPMS provides real-time information on the tire pressure by using pressure monitoring sensors in the tires. As a result, automobile manufacturers are shifting their focus to the use of direct TPMS sensors to improve safety of consumers. The demand for and adoption of direct TPMS is constantly increasing among consumers because of the ease provided by these systems; i.e., automatically resetting as and when tires are inflated or rotated (with the presence of pressure sensors). Indirect TPMS do not use any physical pressure sensors unlike direct TPMS but measure air pressure, by monitoring individual wheel rotational speeds and other signals available outside the tire.

Rising Safety Concerns to Promote Growth

Tire blowouts because of underinflated & overinflated tires result in accidents and human fatalities. The rising concern for passenger and automobile safety has compelled governments across the world to implement safety regulations, such as TPMS (for instance, the TREAD Act by the US Congress). In addition, the high number of accidents occurring worldwide due to tire failures has increased the need for advanced safety systems, such as TPMS in automobiles. Appropriately inflated tires also improve the fuel efficiency of the vehicle. Governments across the world are taking initiatives to introduce TPMS in as many applications as possible to increase fuel efficiency (and hence, reduce carbon emissions).

Technical Restrictions Still Holding the Market

However, functional errors as a result of the failure of electronic sensors use of defective sensors and battery failure result in the failure of TPMS, resulting in accidents. For instance, unexpected turning off of the ignition disables the engine, and thus, the TPMS system. These functionality errors deter consumers from placing faith in such types of new technology. Awareness of TPMS among consumers has been low in the past, and the only installations have been in OEM-fitted vehicles. This is the reason why the TPMS aftermarket has not seen much growth in the past years. However, with the growing safety concerns among consumers in the emerging markets, the demand for entry-level vehicles equipped with safety features is increasing, thereby boosting the demand for electronic TPMS and TPMS sensors.

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The global Automotive Tire Pressure Monitoring System (TPMS) market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Automotive Tire Pressure Monitoring System (TPMS) Market Report covers the Top Key-players in 2021:-

  • Dill Air Control Products
  • NXP Semiconductors
  • Doran Manufacturing LLC
  • Hella
  • HUF Electronics Bretten GmbH
  • Omron Corp.
  • ZF TRW
  • Valor TPMS
  • Sensata Technologies
  • Continental
  • Pacific Industrial
  • Denso Corp.
  • Alligator Ventilfabrik GmbH
  • Advantage PressurePro Enterprises Inc.
  • Bartec
  • Bendix Commercial Vehicle Systems LLC
  • Delphi Automotive plc
  • Infineon Technologies

Highlighted points of Automotive Tire Pressure Monitoring System (TPMS) Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Automotive Tire Pressure Monitoring System (TPMS) Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Automotive Tire Pressure Monitoring System (TPMS)? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Automotive Tire Pressure Monitoring System (TPMS) Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Automotive Tire Pressure Monitoring System (TPMS) Market? What Was Capacity, Production Value, Cost and PROFIT of Automotive Tire Pressure Monitoring System (TPMS) Market?
  • What Is Current Market Status of Automotive Tire Pressure Monitoring System (TPMS) Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Automotive Tire Pressure Monitoring System (TPMS) Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Automotive Tire Pressure Monitoring System (TPMS) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Automotive Tire Pressure Monitoring System (TPMS) Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Automotive Tire Pressure Monitoring System (TPMS) Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Automotive Tire Pressure Monitoring System (TPMS) Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Automotive Tire Pressure Monitoring System (TPMS) Industry?

Key Developments in the Automotive Tire Pressure Monitoring System (TPMS) Market:

  • January 2018: Garmin launched its GTP400KIT as an aftermarket TPMS fitment.
  • November 2017: Continental Automotive showcased its latest range of TPMS, which uses high-frequency signal to send coded information to the receiver.

    Reasons to Purchase this Report:

  • The report analyses how the increasing government regulations will drive the global automotive tire pressure monitoring system market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Study on the product type that is expected to dominate the market
  • Study on the regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Automotive Tire Pressure Monitoring System (TPMS) Market 2021 describes the Automotive Tire Pressure Monitoring System (TPMS) industry expansion game plan, the Automotive Tire Pressure Monitoring System (TPMS) industry knowledge supply, appendix, analysis findings, and the conclusion.

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