Tire Pressure Monitoring System Market 2018 – Global Industry Analysis, Segments, Industry News, Emerging Technologies, Major Geographies, Key Players and Current Industry Forecast 2023

Tire-Pressure Monitoring System Market

Tire-Pressure Monitoring System Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Tire-Pressure Monitoring System Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023

Tire-Pressure Monitoring System Market Research Report 2018 published by “Market Research Future”, Global Tire Pressure Monitoring System Market is predicted to grow at more than 7% by 2023. Tire-Pressure Monitoring System Market, By Technology (Direct TPMS and Indirect TPMS), by Vehicle Type (Passenger vehicles, Light Commercial vehicles and Heavy Commercial vehicles), by Sales Channel (OEM, Aftermarket) and region – Forecast 2023

Tire-Pressure Monitoring System Market Key Players Analyzed in This Research:

The major player operating in the market of global Tire-pressure monitoring system are Sensata Technologies Inc. (U.S), Continental AG (Germany), Pacific Industrial Co. Ltd (Japan), and Huf Hülsbeck & Fürst GmbH & Co. KG (Germany). ZF Friedrichshafen AG (Germany), Schrader Electronics (U.K), AVE technologies (Australia), Bartec USA LLC (U.S), DUNLOP TECH GmbH (Germany), and Delphi Automotive LLP. (U.K) are among others.

Get Sample Report of Tire-Pressure Monitoring System Market@ https://www.marketresearchfuture.com/sample_request/4636

Market Highlights

Global tire pressure monitoring system has witnessed gradual growth in recent years and is expected to witness steady growth in the forecast period. The tire pressure monitoring system market is primarily driven due to strict government regulations that mandate the need to curb vehicular emissions and increase fuel efficiency as one of the primary growth factors. The growth of the automotive market in the emerging economies around the world is due to various factors such as the increasing demand for high-end luxury cars, and the growing economic and environmental policies. These factors will increase the focus of the customers towards advanced safety systems such as anti-brake systems, tire pressure indicators, and electronic stability control in their vehicles. This will indirectly result in the growth of the automotive aftermarket. Regulations that demand installation of tire pressure monitoring systems, which were introduced in emerging nations, will result in the increasing demand for the aftermarket tire pressure monitoring systems.

Tire forms the basis for comfortable, safe and fuel efficient driving, if they are managed and maintained properly by owners and service providers. With demonstrated technology to successfully monitor tire pressure and to caution drivers of problems, regulations have emerged in every region to require carmakers to have tire pressure monitoring systems in almost all vehicle types. Tire pressure monitoring system gives real time information to the driver of the vehicle through a pictogram display. In present scenario, automotive safety systems have become advanced, sophisticated and efficient. Increasing adoption rate for automotive safety systems such as tire pressure monitoring system has reduced the number of accidents as well as they have lowered the impact if accidents on people.

The global tire pressure monitoring system is expected to grow at a CAGR of ~ 7% during the forecast period.

Global Tire-pressure monitoring system market: Segmentation

Based on technology, the market has been segmented as direct TPMS (Tire-Pressure Monitoring System) and indirect TPMS (Tire-Pressure Monitoring System). Amongst these, the direct TPMS segment is expected to dominate the growth of the market. It helps detect absolute pressure measurement. This technology possesses numerous features such as tire pressure on each wheel can be displayed, additional sensors are needed with snow tires (user’s on-cost) and the wheel type is restricted by integrated sensor/valve. However, this technology has high cost as the sensor batteries have to be changed periodically.

Scope of the Report
This study provides an overview of the global tire pressure monitoring system market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the tire pressure monitoring system market by its technology, by vehicle type and by region.

Regional Analysis

The global tire pressure monitoring system market has been segmented in the regions of North America, Asia Pacific, Europe and Rest of the World. Amongst these, Asia Pacific region is expected to dominate the global tire pressure monitoring system market due to the increased adoption rate of such systems and boom in automotive sector. This leads to the production of a large number of automobiles, which are installed with tire pressure monitoring systems, especially in countries such as China, Japan, India, and South Korea. The market is this region is further expected to be driven by availability of raw components and improved automotive infrastructure. The industry players in the automotive sector are focusing on encouraging safety and security of the consumers.

Europe also contributes significantly in the growth of the global tire pressure monitoring system market. The existence of major automotive manufacturers in the region supports the industry demand. The increase in driving regulations, with the objective to ensure passenger safety is also expected to drive the market demand.

Get Complete Report Details of Tire-Pressure Monitoring System Market@ https://www.marketresearchfuture.com/reports/tire-pressure-monitoring-system-market-4636

Table of Contents

1 Executive Summary

2 Scope Of The Report

3 Market Landscape

4 Market Dynamics

5 Global Tire-Pressure Monitoring System Market, By Technology

6 Global Tire-Pressure Monitoring System Market, By Vehicle Type

7 Global Tire-Pressure Monitoring System Market, By Sales Channel

8 Global Tire-Pressure Monitoring System Market, By Region

9 Competitive Landscape

10 Company Profile

…….Continued  

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.

MRFR team have the prime objective to provide optimum quality market research and intelligence services to our clients. Our market research studies depending on products, services, technologies, applications, end users, and market players for global, regional, and country level market segments enables our clients to know more consequently do more, which gives them answer for their each and every important  question. In order to stay updated with technology and work process of the industry

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/press-release/tire-pressure-monitoring-system-market