Automotive Tire Pressure Monitoring System (TPMS) Market, by Product Type (Direct TPMS and Indirect TPMS), by Vehicle Type (Passenger Car, LCV and HCV), by Sales Channel (OEM and Aftermarket) and by Region (North America, Europe, Asia Pacific, Latin Ameri

Automotive Tire Pressure Monitoring System (TPMS) Market, by Product Type (Direct TPMS and Indirect TPMS), by Vehicle Type (Passenger Car, LCV and HCV), by Sales Channel (OEM and Aftermarket) and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Market Dynamics
Automotive tire pressure monitoring system (TPMS) is a system used for monitoring and measurement tire pressure of vehicles by using pressure sensors or with the help of wheel speed sensors such as ESC and ABS system.
The increasing government initiatives towards road safety is compelling OEMs to come up with advanced systems such as Autonomous Emergency Braking (AEB), Lane Departure Warning (LDW), Tire Pressure Monitoring System (TPMS), and Blind Spot Detection (BSD) in their product portfolio. For instance, according to the TREAD Act, as of November 1, 2012, the European Union mandated TPMS in every passenger car models. In April 2008, NHTSA mandated the use of TPMS system in all newly manufactured or imported U.S. cars. Such regulations boosted growth of the automotive tire pressure monitoring system (TPMS) market. Moreover, aftermarket sales are expected to emerge as major sales channels for TPMS. According to a study conducted by National Highway Traffic Safety Administration (NHTSA), underinflated tires consumer more fuel than properly inflated tires, i.e. 2 psi decrease in all four tire leads to 1-2% decrease in fuel economy of the vehicle. According to the same source, the use of tire pressure monitoring systems provides enhanced fuel economy of US$ 19.07-US$ 23.08 per vehicle over its lifetime. Owing to this the large fleet owners are adopting this systems for their vehicles in aftermarket which is expected to boost the demand for automotive tire pressure monitoring system (TPMS) in near future.

Market Taxonomy
This report segments the global Automotive Tire Pressure Monitoring System (TPMS) Market on the basis of product type, vehicle type, sales channel and region. On the basis of product type, the market is segmented into direct TPMS and indirect TPMS. On the basis of vehicle type, the market is segmented into passenger cars, LCV, and HCV. On the basis of sales channel, the market is segmented into OEM and aftermarket. For a comprehensive understanding of market dynamics, the market is analyzed across key geographical regions, namely, North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions, for a macro-level understanding of the market.

Key features of the study:
This report provides an in-depth analysis of the global Automotive Tire Pressure Monitoring System (TPMS) Market with market size (US$ Million) and CAGR (%) over the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
It profiles leading players in the global Automotive Tire Pressure Monitoring System (TPMS) Market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key companies covered as part of this study include ZF Friedrichshafen AG, ATEQ, Continental AG, Bartec USA LLC, Sensata Technologies, Inc., Huf Hülsbeck & Fürst GmbH & Co. KG, AUTOMOTIVE TECHNOLOGY CO., LTD., Rivigo Services, Denso Corporation, DUNLOP TECH GmbH, Pacific Industrial Co., Ltd., Bendix Commercial Vehicles Systems LLC, NXP Semiconductors, NIRA Dynamics AB, WABCO, and HAMATON AUTOMOTIVE TECHNOLOGY CO., LTD among others.
Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to future product launches, technology upgrades, market expansion, and marketing tactics
Various strategy matrices used in analyzing the global Automotive Tire Pressure Monitoring System (TPMS) Market would provide stakeholders vital inputs to make strategic decisions accordingly

Detailed Segmentation:
Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Product Type:
Direct TPMS
Indirect TPMS
Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Vehicle Type:
Passenger Car
LCV
HCV
Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Sales Channel:
OEM
Aftermarket
Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Region:
North America
By Country
U.S.
Canada
By Segmentation
By Product Type:
Direct TPMS
Indirect TPMS
By Vehicle Type:
Passenger Car
LCV
HCV
By Sales Channel:
OEM
Aftermarket
Europe
By Country
Germany
Italy
U.K.
France
Spain
Russia
Rest of Europe
By Product Type:
Direct TPMS
Indirect TPMS
By Vehicle Type:
Passenger Car
LCV
HCV
By Sales Channel:
OEM
Aftermarket

Asia Pacific
By Country
China
Japan
Australia
India
ASEAN
South Korea
Rest of Asia Pacific
By Segmentation
By Product Type:
Direct TPMS
Indirect TPMS
By Vehicle Type:
Passenger Car
LCV
HCV
By Sales Channel:
OEM
Aftermarket
Latin America
By Country
Brazil
Mexico
Argentina
Rest of Latin America
By Segmentation
By Product Type:
Direct TPMS
Indirect TPMS
By Vehicle Type:
Passenger Car
LCV
HCV
By Sales Channel:
OEM
Aftermarket
Middle East and Africa
By Country
GCC Countries
Israel
South Africa
Rest of Middle East and Africa
By Segmentation
By Product Type:
Direct TPMS
Indirect TPMS
By Vehicle Type:
Passenger Car
LCV
HCV
By Sales Channel:
OEM
Aftermarket
Company Profiles
ZF Friedrichshafen AG
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
ATEQ
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Continental AG
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Bartec USA LLC
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Sensata Technologies, Inc.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Huf Hülsbeck & Fürst GmbH & Co. KG
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
AUTOMOTIVE TECHNOLOGY CO., LTD.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Rivigo Services
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Denso Corporation
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
DUNLOP TECH GmbH
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Pacific Industrial Co., Ltd.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Bendix Commercial Vehicles Systems LLC
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
NXP Semiconductors
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
NIRA Dynamics AB
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
WABCO
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
HAMATON AUTOMOTIVE TECHNOLOGY CO., LTD.
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
*Browse all the market data tables and figures on “Global Automotive Tire Pressure Monitoring System (TPMS) Market - forecast to 2027”.