Global Automotive TPMS Market – Size, Share and Forecast (2018 – 2025)

SKU: DAT41 | Published On: | Available Formats

Automotive TPMS Market

  • Tire pressure monitoring systems (TPMS) may warn you if your tires are under- or over-inflated, helping increase your fuel economy and even potentially preventing a tire blowout.
  • There are two main types of TPMS sensors. Direct sensors are small, wireless devices inside each tire, which report the tire’s pressure reading to your dashboard.
  • Indirect sensors work by measuring wheel spin and can only tell if a tire’s pressure is low.
    The United States Department of Transportation (DOT) National Highway Traffic Safety Administration (NHTSA) has developed a Federal Motor Vehicle Safety Standard that requires the installation of tire pressure monitoring systems (TPMS).
  • The standard applies to passenger cars, trucks, multipurpose passenger vehicles and buses with a gross vehicle weight rating of 10,000 pounds or less, except those vehicles with dual wheels on an axle. The NHTSA estimates that TPMS saves 660 lives per year, as well as preventing 3300 injuries and saving USD 511 million worth of gas.
  • Global automotive TPMS market is expected to grow at a CAGR of XX% to reach the market value of USD XXXX million by 2025.

Market Drivers:

  • Tire pressure maintenance is an important safety issue throughout the automotive industry and caused the U.S. government to pass legislation mandating tire pressure monitoring systems.
  • TPMS can increase your safety on the road by improving your vehicle’s handling, decreasing tire wear, reducing braking distance and bettering fuel economy.
  • The high number of accidents occurring worldwide due to tire failures has increased the need for advanced safety systems, such as TPMS in automobiles.

Market Restraints:

  • The sensors used in TPMS have colossal replacement cost, which is restraining the growth of the global TPMS market.
    For instance, OEM sensors are still dealer-only items that can cost USD 80-USD 140 per piece. While aftermarket replacements are beginning to enter the market, for now replacing a sensor can be an expensive proposition.

Market Segmentation

By Product Type

  • Direct tire pressure monitoring systems measure, identify and warn the driver of low pressure. Because direct systems have a sensor in each wheel, they generate accurate warnings and can alert the driver instantly if the pressure in any one tire falls below a predetermined level due to rapid air loss caused by a puncture. It can also detect gradual air loss over time.
    Indirect systems use the vehicle’s anti-lock braking system’s wheel speed sensors to compare the rotational speed of one tire to that in another position on the car. If one tire is low on pressure, its circumference changes enough to roll at a slightly different number of revolutions per mile than the other three tires, thus providing the tire pressure information to the driver.

By Geography

  • North America is accounted for the largest market share for the global TPMS market in 2017, followed by Europe and the Asia Pacific. The increasing demand from emerging markets, such as India and China, as a result of the rising demand for automobiles (especially luxury vehicles).
  • Many regions are making continued progress toward TPMS adoption. Primarily for environmental reasons, European countries (via United Nations regulation UNECE-R64) have adopted legislation for new models beginning in November 2012, and for all vehicles starting in November 2014. South Korea has taken similar TPMS legislation to that of Europe. Likewise, countries such as Japan, China, and India are in the process of investigating TPMS technology as well.

Competitive Landscape

  • Companies are undergoing new product launches in TPMS is driving the market competitiveness. For instance, In January 2018, Garmin has launched its GTP400KIT as an aftermarket TPMS fitment.
  • In November 2017, Continental Automotive showcased its latest range of TPMS, which uses the high-frequency signal to send coded information to the receiver.
  • On 2016, Pacific Industrial Co. Ltd. has introduced a new plant in China, which was founded in anticipation of legislation mandating the installation of Tire Pressure Monitoring Systems (TPMS) in vehicles; and new aluminum dies cast plant in Korea, which has been expanded to meet increasing market demand.
  • In July 2018, TireStamp announced TireVigil Cloud 2.0, a tire pressure monitoring system that checks each hardware component’s health and detects problems with tire sensors, external TPMS receivers, and in-cab electronic equipment.
  • In July 2018 Xiaomi has launched ‘Smart Tire Pressure Monitoring System,’ it is a Mi ecosystem device.

Key market segments covered

BY PRODUCT TYPE

• Direct TPMS
• Indirect TPMS

BY VEHICLE TYPE

• Passenger vehicle
• Commercial vehicle
• Heavy duty vehicle

BY SALES CHANNEL

• OEM
• Aftermarket

BY REGION

• Asia Pacific
• Europe
• North America
• South America
• Rest of the World

Why purchase the report?

• Visualize the composition of the automotive TPMS market across each indication, regarding by product type, by vehicle type and by sales channel highlighting the vital commercial assets and players.
• Identify business opportunities in automotive TPMS market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the automotive TPMS market – level 4/5 segmentation
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Product mapping in excel for the automotive TPMS products of all major market players

Target Audience

• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturer

1. GLOBAL AUTOMOTIVE TPMS MARKET-SCOPE AND METHODOLOGY

1.1. Research Methodology
1.2. The scope of the market

2. GLOBAL AUTOMOTIVE TPMS MARKET –TRENDS AND DEVELOPMENTS

2.1. Key Market Trends and Developments in automotive TPMS  Market

3. INDUSTRY ANALYSIS

3.1. Drivers
3.2. Restraints
3.3. Porter’s Five Forces Analysis

4. GLOBAL AUTOMOTIVE TPMS MARKET SEGMENTATION BY PRODUCT

4.1. BY PRODUCT TYPE
4.1.1. Direct TPMS
4.1.2. Indirect TPMS
4.2. BY VEHICLE TYPE
4.2.1. Passenger vehicle
4.2.2. Commercial vehicle
4.2.3. Heavy duty vehicle
4.3. BY SALES CHANNEL
4.3.1. OEM
4.3.2. Aftermarket

5. GLOBAL AUTOMOTIVE TPMS MARKET – BY GEOGRAPHY

5.1. North America
5.1.1. U.S.A
5.1.2. Mexico
5.1.3. Canada
5.2. Europe
5.2.1. Germany
5.2.2. U.K.
5.2.3. France
5.2.4. Rest of Europe
5.3. South America
5.3.1. Brazil
5.3.2. Argentina
5.3.3. Rest of South America
5.4. Asia Pacific
5.4.1. China
5.4.2. India
5.4.3. Japan
5.4.4. Rest of Asia Pacific
5.5. Rest of the World

6. COMPETITIVE LANDSCAPE

6.1. Market Share /Rank Analysis
6.2. Key strategies adopted by market players

7. COMPANY PROFILES

7.1. Continental AG
7.2. Denso Corporation
7.3. Pacific Industrial Co., Ltd.
7.4. Schrader Electronics
7.5. Alligator Ventilfabrik GmbH
7.6. PressurePro
7.7. Alps Electric Co., Ltd.
7.8. Bendix Commercial Vehicle Systems LLC
7.9. Doran Manufacturing LLC
7.10. Takata Corporation

8. APPENDIX

8.1. Sources
8.2. List of Tables
8.3. Expert Panel Validation
8.4. Disclaimer
8.5. Contact Us

 

Buy This Report



Could not find what you need?

Quick Fact: 7 of 10 customers Tailor their reports

DMI Cognizance Expertise

Massive Repository

10-year historic data for 1000+ markets

Association Networks

Ground-Zero understanding of the market with inputs from relevant industry association members

First Hand Understanding

Tailored interviews with manufacturers, buyers, sellers, distributers and retailers for five-frame understanding of the market

360 Web Research

Analysis of publicly available white label papers, news announcements, press releases, financial reports and reliable paid consulting data

Star Expert Review

7-step data formulation for market analysis and forecasts, under thorough scrutiny of industry-specific consultants with over 20+ years of expertise

INSTANT DELIVERY - 20% OFF

Global Voice Restoration Devices Market – Size, Share and Forecast (2018 – 2025)

Global Breast Implant Market – Size, Share and Forecast (2018 – 2025)

Global Continuous Glucose Monitoring Market – Size, Share and Forecast (2019 – 2026)

Global Tabular Alumina Market – Size, Share and Forecast (2019-2025)

Global Continuous Passive Movement Market – Size, Share and Forecast (2019-2026)

Europe Specialty Tires Market – Size, Share and Forecast (2019-2026)

Europe Phase Change Material Market – Size, Share and Forecast (2019-2026)

Global Forage Seed Market – Size, Share and Forecast (2018-2025)

Global Bio-lubricants market – Size, Trends, Share and Forecast (2018-2025)

Global Genome Editing Market – Size, Share and Forecast (2018-2025)

Global Perlite Market – Size, Share and Forecast (2018-2025)

Global Diagnostic Imaging Market – Size, Share and Forecast (2018-2025)

Indonesia Flexible Packaging Market – Size, Share and Forecasts (2018-2025)

Global Fiber Cement Market – Size, Share and Forecast (2019-2026)

Global Hematology Market – Size, Share and Forecast ( 2018-2025 )

Global Utility Tractor Market – Size, Share and Forecast (2018 – 2025)

Global Smart Transformers Market – Size, Share and Forecast ( 2018 – 2025 )

Global Carbon Nanotubes Market – Size, Share and Forecast (2019-2026)

Global Food & Beverage Processing Equipment Market – Size, Share and Forecast (2018 – 2025)

Europe Construction Chemicals Market – Size, Share and Forecast (2018 – 2025)

Global Powered Exoskeleton Market – Size, Share and Forecast (2018-2025)

Global Desalination Market – Size, Share and Forecast (2018-2025)

Global Advanced Wound Care Market – Size, Share and Forecast (2018-2025)

Global Agrifood Blockchain Market – Size, Share and Forecast (2018-2025)

Global Bio fuels Market – Size, Share and Forecast (2018-2025)

Global Flexible Packaging Market – Size, Share and Forecast (2018-2025)

Global Hydrogen Cyanide Market – Size, Share and Forecast (2018-2026)

Global Companion Animal Health Market – Forecasts 2018-2025

Global Agricultural Tires Market – Size, Share and Forecast ( 2018-2025 )

Global Combined Heat and Power Market – Size, Share and Forecast (2018-2025)

Global Hemodialysis Market – Size, Share and Forecast (2018-2025)

Global Service Robotics Market – Size, Share and Forecast (2018-2025)

Global Closed System Drug Transfer Devices Market – Size, Share and Forecast (2018-2025)

Global 3D Printed Electronics Market – Size, Share and Forecast (2018-2025)

Global Feed Phosphate Market – Size, Share and Forecast (2019-2026)

Brazil Renal Dialysis Equipment Market – Size, Share and Forecast (2019-2026)

Global Cable Glands Market – Size, Share and Forecast (2019-2026)

Brazil Companion Animal Health Market – Size, Share and Forecast (2019-2026)

Global Diabetic Foot Ulcers Market – Size, Share and Forecasts (2019-2026)

Global Prostate Cancer Market – Size, Share and Forecasts (2019-2026)

Global Fetal Neonatal Monitoring Market – Size, Share and Forecast (2019-2026)

Global Stevia Market – Size,Share and Forecasts (2018-2025)

Brazil Diagnostic Imaging Market – Size, Share and Forecasts (2019-2026)

Philippines Contact Cement Market – Size, Share and Forecasts (2018-2025)

Global Central Venous Catheters Market – Size, Share and Forecast (2018-2025)

Global Atopic Dermatitis Market – Size, Share and Forecast (2018-2025)

Advanced Driver Assistance Systems Market – Size, Share and Forecast (2018-2025)

Global Oncolytic Virus Therapy Market – Size, Share and Forecast (2019-2026)

Global Diesel Generator Market – Size, Share and Forecast (2018-2025)

Global Animal Feed Additives Market – Size,Share and Forecast (2018-2025)

Agricultural Testing Market – Size, Share and Forecast (2018-2025)

Global Polyvinyl Chloride Market – Size, Share and Forecasts (2018-2025)

Plant Bio-Stimulants Market – Size, Share and Forecast (2018-2025)

Global Construction Chemicals Market – Size, Share and Forecasts (2018-2025)

Global Plant Proteins Market – Size, Share and Forecast (2018-2025)

Global Dairy Protein Market – Size, Share and Forecast (2018-2025)

Global Freeze-Dried Food Market – Size, Share and Forecasts (2018-2025)

Global Pet Food Market – Size, Share and Forecasts (2018-2025)

Global Respiratory Devices Market – Size, Share and Forecasts (2018-2025)

Global Pediatric Clinical Trails Market – Size, Share and Forecast (2018-2025)

Global ECG Market – Size, Share and Forecast (2018-2025)

Global Companion Diagnostics Market – Size, Share and Forecast (2018-2025)

Global Molecular Diagnostics Market – Size, Share and Forecast (2018-2025)

Food & Feed Testing and Certification – Size, Share and Forecast (2018-2025)

Global Active Pharmaceutical Ingredients Market – Size, Share and Forecast (2018-2025)

South America Companion Animal Healthcare Market – Size, Share and Forecast (2018-2025)

India Agriculture and Construction Equipment Market – Size, Share and Forecast (2019-2026)

Lubricants Market – Size,Share and Forecasts (2019-2026)

Global Graphene Market – Size, Share and Forecast (2019-2026)

Brazil Agricultural and Construction Equipment Market – Size, Share and Forecast (2019-2026)

Global Carbon Black Market – Size, Share and Forecasts (2019-2026)

China Companion Animal Health Market – Size, Share and Forecast (2018-2025)

India Truck and Bus Market – Size, Share and Forecast (2019-2026)

Brazil Truck & Bus Market – Size, Share and Forecast (2019-2026)

Global Photonics Market – Size, Share and Forecast (2019-2026)

Romania Agricultural Tractor Machinery Market – Size, Share and Forecast (2019-2026)

Inflight Catering Services – Size, Share and Forecast (2018-2025)

Global Arthroscopy Devices Market – Size, Share and Forecast (2018 – 2025)

Copyright © 2019 DataM Intelligence. All Rights Reserved

Designed and Developed by -Montaigne Labs