Global Automotive Tire Pressure Monitoring System Market Growth 2023-2029

Global Automotive Tire Pressure Monitoring System Market Growth 2023-2029

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 report real-time tire-pressure information to the driver of the vehicle, either via a gauge, a pictogram display, or a simple low-pressure warning light. TPMS are provided both at an OEM (factory) level as well as an aftermarket solution. The target of a TPMS is avoiding traffic accidents, poor fuel economy, and increased tire wear due to under-inflated tires through early recognition of a hazardous state of the tires.

In this report, 1 Unit Tire Pressure Monitoring System (TPMS) refers to the whole system used in a car (usually 4 TPMS sensors).

LPI (LP Information)' newest research report, the “Automotive Tire Pressure Monitoring System Industry Forecast” looks at past sales and reviews total world Automotive Tire Pressure Monitoring System sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Tire Pressure Monitoring System sales for 2023 through 2029. With Automotive Tire Pressure Monitoring System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Tire Pressure Monitoring System industry.

This Insight Report provides a comprehensive analysis of the global Automotive Tire Pressure Monitoring System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Tire Pressure Monitoring System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Tire Pressure Monitoring System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Tire Pressure Monitoring System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Tire Pressure Monitoring System.

The global Automotive Tire Pressure Monitoring System market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In the North American market, Major manufacturers are Schrader (Sensata), Continental, ZF TRW, Lear, Acdelco, Pacific Industrial, Bendix, HUF, CAB Elecpartss, Sate Auto Electronic, Denso, Baolong Automotive, NIRA Dynamics, Orange Electronic and Shenzhen Autotech.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Tire Pressure Monitoring System market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Indirect Tire Pressure Monitoring System

Direct Tire Pressure Monitoring System

Segmentation by application

Passenger Vehicle

Commercial Vehicle

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Schrader (Sensata)

Continental

ZF TRW

Lear

ACDelco

Pacific Industrial

Bendix

Huf

CUB Elecparts

Sate Auto Electronic

Denso

Baolong Automotive

NIRA Dynamics

Orange Electronic

Shenzhen Autotech

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Tire Pressure Monitoring System market?

What factors are driving Automotive Tire Pressure Monitoring System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Tire Pressure Monitoring System market opportunities vary by end market size?

How does Automotive Tire Pressure Monitoring System break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.