Global Automotive Tire Pressure Monitoring System Market
was valued USD XX Bn in 2019 and is expected to reach US$ 8 Bn by 2026, at CAGR of XX% during forecast period of 2019 to 2026. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Automotive Tire Pressure Monitoring System Market Drivers and Restrains:
A Tire Pressure Monitoring System (TPMS) is an electronic system that monitors the air pressure inside the tires. Rising necessity for tire monitoring system to ensure passenger safety remains the key factor driving industry growth. Efficient product operation indicating the warning message more than once will drive product demand. Increase in travelling frequencies owing to rapid urbanization and changing lifestyles has enhanced the demand for regular monitoring systems. Government authorities working for the development of vehicles and improvement of driving conditions for drivers and passengers are enacting strict rules on vehicle manufacturers to improve safety features in their vehicles. Concerns about correct tire pressure and its effect on vehicle safety, carbon releases, and fuel-efficiency are not specific for any region, therefore different regions require various improvements in the adoption of the tire pressure monitoring system. Manufacturers in the automotive tire pressure monitoring system are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.
Global Automotive Tire Pressure Monitoring System Market Segmentation Analysis:
Based on type, the automotive tire pressure monitoring system is segmented into direct TPMS and indirect TPMS. The direct TMPS is the leading segment of the tire pressure monitoring system market in 2018. The direct TPMS has offer various benefits, such as it delivers accurate pressure for every tire, no leak is caused in the tire pressure information by tire replacement or rotation, and they can monitor the spare tires also. Based on technology, the automotive tire pressure monitoring system is segmented into intelligent TPMS and conventional TPMS. The intelligent tire pressure monitoring system segment is held the prominent share in the market owing to its advantages, like it can control engine power and braking at every wheel when control computer senses a sideslip, which is expected to help maintain stability of the vehicle.
Global Automotive Tire Pressure Monitoring System Market Regional Analysis:
Asia Pacific accounting a significant share for automotive tire pressure monitoring system market in 2018. The need for transportation has been rising from the last few decades, which has been driving the automotive industry at a constantly in countries such as China, India, Japan, and South Korea. Increasing population, which has led to an increase in number of vehicle users, and rise in standard of living are major factors that drive the tire pressure monitoring system market for automotive in Asia Pacific. Furthermore, emerging economies of Asia Pacific are demanding vehicles with more safety features, and increase in investment by the global player for tire pressure monitoring system in the region drives the mass production procedures such as assemble line production in the region. The objective of the report is to present comprehensive analysis of global automotive tire pressure monitoring system market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding global automotive tire pressure monitoring system market dynamics, structure by analyzing the market segments, and project the global automotive tire pressure monitoring system market size. Clear representation of competitive analysis of key player’s technology, price, financial position, product portfolio, growth strategies, and regional presence in the global automotive tire pressure monitoring system market make the report investor’s guide.
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Global Automotive Tire Pressure Monitoring System Market, by Type:
• Direct TPMS • Indirect TPMS
Global Automotive Tire Pressure Monitoring System Market, by Technology:
• Intelligent TPMS • Conventional TPMS
Global Automotive Tire Pressure Monitoring System Market, by Vehicle Type:
• Passenger Vehicle • Commercial Vehicle
Global Automotive Tire Pressure Monitoring System Market, by Sale Channel:
• OEMs • Aftermarket
Global Automotive Tire Pressure Monitoring System Market, by Region:
• Asia Pacific • North America • Europe • Latin America • Middle East Africa
Global Automotive Tire Pressure Monitoring System Market, Major Players:
• Continental AG • ZF Friedrichshafen 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 • ATEQ • Delphi Automotive • Calor TPMS • Infineon Technology • Lear Corporation • NIRA Dynamics AB • DUNLOP TECH GmbH • Volar TPMS Global Piling Machine Market