Strategic Overview of Class 6–8 Tire Pressure Monitoring System and Telematics Aftermarket for Commercial Vehicles in North America

Strategic Overview of Class 6–8 Tire Pressure Monitoring System and Telematics Aftermarket for Commercial Vehicles in North America

This Frost & Sullivan study covers the class 6–8 tire pressure monitoring system (TPMS) and telematics aftermarket for commercial vehicles in North America, including market sizing for 2022 to 2023. The study analyzes the potential synergies and correlations between TPMS sensors and telematics for class 6–8 vehicles. A breakdown of the TPMS and telematics aftermarket by unit shipment, revenue, distribution channel, and price is provided. In addition, the study looks at the competitive environment among top participants, offering key supplier profiles. It analyzes the factors driving and restraining market growth and identifies opportunities for market players and stakeholders to leverage. The base year is 2022, and the study period is from 2022 to 2023.

TPMS sensors have historically had low adoption rates in the class 6–8 segment due to lack of government mandates and high initial costs. However, interest has increased among Tier I suppliers and tire manufacturers looking to utilize TPMS sensors to monitor and gather data on wheel-end and tire health. Furthermore, the data gathered can enable telematics services in providing unique solutions, such as real-time alerts and remote monitoring. Telematics offer an opportunity for these suppliers to create additional customer touch points and new revenue streams. As a result, focus on TPMS sensors is poised to increase during the next few years.