Tire Pressure Monitoring System (TPMS) Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The global tire pressure monitoring system (TPMS) market grew at a CAGR of around 11% during 2021-2027.

The global tire pressure monitoring system (TPMS) market is driven by technological advances and increased consumer safety awareness. Increased vehicle sales driven by rising consumer per capita income is another factor driving the growth of the global tire pressure monitoring system industry. Reduced fuel consumption, real-time pressure and temperature monitoring, and increased tire life are some of the benefits of a tire pressure monitoring system.

Key Market Segmentation:

Breakup by Type:

• Direct TPMS
• Indirect TPMS

Breakup by Technology:

• Intelligent TPMS
• Conventional TPMS

Breakup by Vehicle Type:

• Passenger Vehicles
• Commercial Vehicles

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ATEQ, Bartec USA LLC, Bendix Commercial Vehicle Systems LLC (Knorr Brake Holding Corporation), Continental Aktiengesellschaft, Denso Corporation, Hamaton Automotive Technology Co. Ltd. (Hangzhou Hamaton Intelligent Control Holdings Co. Ltd.), Huf Hülsbeck & Fürst GmbH & Co. KG, Nira Dynamics AB, NXP Semiconductors N.V., Pacific Industrial Co. Ltd., Sensata Technologies Inc. and WABCO Holdings Inc. (ZF Friedrichshafen AG).

Scope of the Report

The research study analyzes the global Tire Pressure Monitoring System (TPMS) 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 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of Tire Pressure Monitoring System (TPMS) Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Tire Pressure Monitoring System (TPMS) Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.