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.
There are two types of TPMS systems: direct and indirect. Direct TPMS uses sensors mounted inside the tires to measure air pressure, while indirect TPMS monitors air pressure indirectly using the vehicle’s anti-lock braking system (ABS) or wheel speed sensors.
TPMS can help improve vehicle safety by providing real-time tire pressure information to the driver, which can help avoid potential problems such as tire failure due to under-inflation. TPMS can also help improve fuel economy by ensuring that tires are properly inflated, as under-inflated tires can create drag and reduce fuel efficiency.
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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:
- 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.
- Stringent government regulations: Government regulations mandating the installation of TPMS in vehicles are expected to fuel the growth of the TPMS market.
- 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.
- 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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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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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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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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