Tire Pressure Monitoring System (TPMS) Market Analysis, Size, Current Scenario and Future Prospects

The tire pressure monitoring system (TPMS) is an electronic component that monitors the air pressure inside the vehicle’s tires. A TPMS system alerts the driver by displaying real-time air pressure data on the infotainment screen or by giving a simple low air pressure warning. In addition, the low air pressure of an automobile tire has a negative impact on the service life, safety, mileage and performance of the vehicle. However, properly inflated tires help reduce the number of accidents caused by poor tire condition. Therefore, the increase in travel rates due to rapid development and changing lifestyles has stimulated the demand for a global tire pressure monitoring system.

Company Profile

• Continental AG
• Pacific Industrial Co. Ltd
• Huf Hülsbeck & Fürst Co.
• ZF Friedrichshafen AG
• Schrader Electronics
• AVE technologies
• Bartec USA LLC

Market Segmentation

By Technology:

• Ultrasonic Sensor
• Lidar Sensor
• Radar Sensor
• Camera Sensor
• Infrared Sensor
• Pressure Sensor

By Sales Channel:

• Original Equipment Manufacturer (OEM)
• Aftermarket

By Vehicle Type:

• Passenger Vehicle
• Heavy Commercial Vehicle
• Light Commercial Vehicle

Scope of the Report

The research study analyzes the Tire Pressure Monitoring System (TPMS) Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Tire Pressure Monitoring System (TPMS) Market Report

1. What was the Tire Pressure Monitoring System (TPMS) Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Tire Pressure Monitoring System (TPMS) Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Tire Pressure Monitoring System (TPMS) Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Tire Pressure Monitoring System (TPMS) Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Tire Pressure Monitoring System (TPMS)
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Tire Pressure Monitoring System (TPMS)
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Tire Pressure Monitoring System (TPMS) Market.