PUBLISHER: Allied Market Research | PRODUCT CODE: 1140072
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140072
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 Hulsbeck & Furst 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
Key Market Segments
By Type
By Sales Channel
By Vehicle Type
By Propulsion
By Region