Automotive Tire Pressure Monitoring System (TPMS) Market, By Product Type (Direct TPMS & Indirect TPMS), By Vehicle Type (Passenger Car, LCV, HCV), By Sales Channel (OEM & After Market) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)-Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030.
A tire pressure monitoring system (tpms) is an electronic system that plays a vital role in vehicle safety by providing real-time information on tire pressure. By continuously monitoring tire pressure, tpms ensures that drivers have accurate and up-to-date data on tire conditions. This information is important because under-inflated tires can lead to poor fuel economy, poor handling and braking performance, and an increased risk of tire failure. Tpms not only detects low tire pressure but also alerts the driver to a certain number of under-inflated tires so that immediate action can be taken to correct the problem and maintain optimal tire performance. With features that improve safety, fuel economy, and overall vehicle performance, tpms has become an integral part of modern vehicles, contributing to a smoother and safer driving experience for drivers around the world
Market Dynamics
The market dynamics of the tire pressure monitoring system (TPMS) market are influenced by various factors shaping its growth and development. One of the main drivers of the TPMS market is the increasing focus on vehicle safety and regulatory requirements. Government regulations mandating the installation of TPMS in vehicles have greatly contributed to the growth of the market. In addition, increasing consumer awareness of the importance of tire safety and the benefits of TPMS has increased the demand for this technology. Another factor driving the TPMS market is the increase in automobile production and sales. As the automotive industry continues to expand worldwide, the demand for TPMS as standard equipment on new vehicles is increasing. Oems integrate TPMS into their vehicle models to improve safety and meet customer expectations.
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$ Billion) and CAGR (%) over the forecast period: 2023 – 2030, considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains an 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 with 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
U.S.
Canada
Europe
Germany
Italy
U.K.
France
Spain
Russia
Rest of Europe
AsiaPacific
China
Japan
Australia
India
ASEAN
South Korea
Rest of Asia Pacific
LatinAmerica
Brazil
Mexico
Argentina
Rest of Latin America
MiddleEast and Africa
GCC Countries
Israel
South Africa
Rest of Middle East and Africa
Company Profiles
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
HAMATON AUTOMOTIVE TECHNOLOGY CO., LTD.
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet By Product Type
Market Snippet By Vehicle Type
Market Snippet By Sales Channel
Market Snippet By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Growing integration of automotive safety systems
Improved fuel economy
Restraints
Tracking of vehicle due to TPMS signal
Lack of universal standardization and compatibility across different vehicle models and regions.
Market Opportunities
Emerging markets across the globe
Increasing adoption of electric vehicles
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trends
Mergers and Acquisitions
New system Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Product Type, 2018 - 2030 (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018–2030
Segment Trends Market Share Analysis, 2023 and 2030 (%)
Direct TPMS
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Indirect TPMS
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
5. Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Vehicle Type, 2018 – 2030, (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018–2030
Segment Trends Market Share Analysis, 2023 and 2030 (%)
Passenger Car
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
LCV
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
HCV
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
6. Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Sales Channel, 2018 – 2030, (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018–2030
Segment Trends Market Share Analysis, 2023 and 2030 (%)
OEM
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Aftermarket
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
7. Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Region, 2018 – 2030, (US$ Billion)
Introduction
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2018–2030
Country Trends
North America
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
U.S.
Canada
Europe
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
GCC Countries
South Africa
Rest of Middle East & Africa
8. Competitive Landscape
Company Profiles
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
HAMATON AUTOMOTIVE TECHNOLOGY CO., LTD.
Analyst Views
9. Section
References
Research Methodology
About us and Sales Contact
*Browse 60 market data tables and 40 figures on “Global Automotive Tire Pressure Monitoring System (TPMS) Market -forecast to 2030”.