Market Research Report
Automotive Tire Pressure Monitoring System Market 2020-2026
|Published by||Orion Market Research Pvt Ltd||Product code||949496|
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|Automotive Tire Pressure Monitoring System Market 2020-2026|
|Published: June 1, 2020||Content info:||
Global Automotive Tire Pressure Monitoring System Market Size, Share & Trends Analysis Report, By Technology (Indirect Tire Pressure Monitoring System and Direct Tire Pressure Monitoring System), By Type of Vehicle (Passenger Vehicles and Commercial Vehicles), and Forecast, 2020-2026
The global automotive tire pressure monitoring systems market is projected to grow at a considerable CAGR during the forecast period. The presence of stringent government policies across the globe related to the safety of the drivers along with huge penalties for non-compliance with the safety standards is a major factor to promote the growth of the global automotive tire pressure monitoring market. Moreover, the growing adoption of these systems to avoid vehicle failure is further anticipated to drive the growth of the global market.
The global automotive tire pressure monitoring systems market is segmented based on technology and type of vehicle. Based on the technology, the market is classified into the indirect tire pressure monitoring system and direct tire pressure monitoring system. The direct tire pressure monitoring system is anticipated to hold considerable market share during the forecast period. Based onthe type of vehicles, the market is classified into passenger vehicles and commercial vehicles. The high production of passenger cars is anticipated to drive the segmental growth of the market.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Europe is anticipated to hold a considerable share in the automotive tire pressure monitoring systems market. The presence of renowned automotive manufactures in the region is expected to drive the demand for tire pressure monitoring systems and thereby contributing towards the high share in the market. The growing number of automobile manufacturing units in the Asia-Pacific region is anticipated to drive the growth of the automotive tire pressure monitoring systems market in the region.
Some of themajor players operating in the market include Continental AG, DENSO Corp., Delphi Automotive LLP, Valor Inc., ZFFriedrichshafen AG, ALLIGATOR Ventilfabrik GmbH, Advantage PressureProLLC, Huf Group, NIRA Dynamics AB, Bartec USA LLC, and Advanced Vehicle Electronic Technology Co., Ltd. among others.The major players in the global automotive tire pressure monitoring systems market are focusing on offering advanced products, partnerships, and expanding their geographical presence across the globe. For instance, in January 2018,
The market study of the global automotive tire pressure monitoring system market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: