Tire Pressure Monitoring System Market By Type (Direct Tire Pressure Monitoring System, Indirect Tire Pressure Monitoring System), By Sales Channel (OEM, Aftermarket), By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Propulsion (ICE, Electric and Hybrid, Alternate fuel Vehicle): Global Opportunity Analysis and Industry Forecast, 2021-2031
Tire pressure monitoring system (TPMS) is an electronic component that helps to monitor the air pressure inside the tires of the vehicle. A TPMS alerts the driver by displaying real-time air pressure data on the infotainment display or giving a simple low air-pressure warning. There are two types of TPMS used in the industry, namely direct and indirect systems.
Europe dominated the market, in terms of revenue, followed by North America, Asia-Pacific and LAMEA. Increase in vehicle production and rise in demand for luxury vehicles with Advanced Driver Assistance System (ADAS) application drives growth of the tire pressure monitoring system market.
The tire pressure monitoring system market is segmented on the basis of type, sales channel, vehicle type, propulsion, and region. By type, it is divided into direct tire pressure monitoring system, and indirect tire pressure monitoring system. By sales channel, it is segmented into OEM, and aftermarket. By vehicle type, it is divided into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. By propulsion, it is divided into ICE, electric &hybrid, and alternate fuel vehicle. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Key players that operate in this market include Continental AG, Delphi Technologies (BorgWarner Inc.), Denso Corporation, Hamaton Automotive Technology Co., Ltd., Hampton Auto Repair, Hitachi Astemo, Ltd., Huf Hülsbeck & Fürst GmbH & Co. KG, InnotechRV (WiPath Communications LLC.), NIRA Dynamics AB. Orange Electronic Co., Ltd., Pacific Industrial Co. Ltd., Renesas Electronics Corporation, Robert Bosch GmbH, Sensata Technologies Inc., The Goodyear Tire & Rubber Company, Valeo, and ZF Friedrichshafen AG.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tire pressure monitoring system market analysis from 2021 to 2031 to identify the prevailing tire pressure monitoring system market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the tire pressure monitoring system market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global tire pressure monitoring system market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Direct Tire Pressure Monitoring System
Indirect Tire Pressure Monitoring System
By Sales Channel
OEM
Aftermarket
By Vehicle Type
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
By Propulsion
ICE
Electric and Hybrid
Alternate fuel Vehicle
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Russia
Netherlands
United Kingdom
Poland
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Asean
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
CONTINENTAL AG
Delphi Automotive LLP
DENSO CORPORATION
HAMATON
Hampton Automotive Technology Co. Ltd
Hitachi Automotive Ltd
Huf Hülsbeck & Fürst GmbH & Co. KG
InnoTechRV
NIRA Dynamics AB
Orange Electronic Co., Ltd.
Pacific Industrial Co. Ltd.
Renesas Electronics Corporation
ROBERT BOSCH GMBH
Sensata Technologies Inc.
The Goodyear Tire & Rubber Company
VALEO
ZF Friedrichshafen AG
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