Tire Pressure Monitoring System Market will rise due to Stringent government regulations – Continental AG, ZF Friedrichshafen AG, DENSO Corporation, Mobileye

New York Global Tire Pressure Monitoring System Market Report by Global Insight Services is the single and trusted source of information for the Tire Pressure Monitoring System Market. This report provides an analysis of the market impact of the latest market disruptions such as the Russian-Ukraine War and Covid-19. The report provides a qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. The report includes in-depth segmentation and market size data by category, product type, application, and region. The report also includes a comprehensive analysis of recent events such as key issues, trends and drivers, restraints and challenges, competitive landscape, and M&A activity in the market.

A tire pressure monitoring system (TPMS) is an electronic system designed to monitor the air pressure inside the pneumatic tires on various types of vehicles. TPMS typically uses wireless technology to transmit tire pressure readings to a receiver located inside the vehicle, and it may also include visual and/or audible alerts to notify the driver when a tire’s inflation pressure is low.

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Key Trends

There are several key trends in Tire Pressure Monitoring Systems (TPMS) technology.

One is the increasing use of sensors to monitor tire pressure. This is being driven by the need for more accurate and timely information about tire pressure.

Another trend is the use of wireless technology to transmit data from the sensors to the TPMS. This is being driven by the need for more flexibility in how data is collected and transmitted.

Finally, there is a trend towards more sophisticated data analysis. This is being driven by the need for more accurate and timely information about tire pressure.

Key Drivers

The key drivers of Tire Pressure Monitoring System market are as follows:

1. Increasing vehicle safety concerns: With the increasing number of road accidents and fatalities, there is a growing need for vehicle safety features such as TPMS. This is expected to drive the growth of the TPMS market.

2. Stringent government regulations: Government regulations mandating the installation of TPMS in vehicles are expected to fuel the growth of the TPMS market.

3. Technological advancements: The development of advanced TPMS systems with features such as real-time monitoring and wireless connectivity is expected to drive the growth of the TPMS market.

4. Rising vehicle ownership: The increasing number of vehicles on the road is expected to lead to an increase in the demand for TPMS.

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Market Segments

The Tire Pressure Monitoring System Market is segmented on the technology, vehicle type, sales channel, and region. Based on technology, the market is divided into direct TPMS and indirect TPMS. On the basis of vehicle type, it is segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Based on the sales channel, the market is classified into OEM and aftermarket. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Tire Pressure Monitoring System Market report includes players such as Continental AG, ZF Friedrichshafen AG, DENSO Corporation, Mobileye, Aptiv Plc, Veoneer Inc., Autoliv Inc., Valeo SA, Magna International, Aisin Seiki Co., Ltd. and Panasonic Corporation.

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