A tire pressure monitoring system (tpms) is an electronic system that plays a vital role in vehicle safety by providing real-time information on tire pressure. By continuously monitoring tire pressure, tpms ensures that drivers have accurate and up-to-date data on tire conditions. This information is important because under-inflated tires can lead to poor fuel economy, poor handling and braking performance, and an increased risk of tire failure. Tpms not only detects low tire pressure but also alerts the driver to a certain number of under-inflated tires so that immediate action can be taken to correct the problem and maintain optimal tire performance. With features that improve safety, fuel economy, and overall vehicle performance, tpms has become an integral part of modern vehicles, contributing to a smoother and safer driving experience for drivers around the world

Market Dynamics

The market dynamics of the tire pressure monitoring system (TPMS) market are influenced by various factors shaping its growth and development. One of the main drivers of the TPMS market is the increasing focus on vehicle safety and regulatory requirements. Government regulations mandating the installation of TPMS in vehicles have greatly contributed to the growth of the market. In addition, increasing consumer awareness of the importance of tire safety and the benefits of TPMS has increased the demand for this technology. Another factor driving the TPMS market is the increase in automobile production and sales. As the automotive industry continues to expand worldwide, the demand for TPMS as standard equipment on new vehicles is increasing. Oems integrate TPMS into their vehicle models to improve safety and meet customer expectations.

Key Features of the Study

• This report provides an in-depth analysis of the global automotive tire pressure monitoring system (TPMS) market with market size (US$ Billion) and CAGR (%) over the forecast period: 2023 – 2030, considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
• It profiles leading players in the global automotive tire pressure monitoring system (tpms) market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
• Key companies covered as part of this study include ZF Friedrichshafen AG, ATEQ, Continental AG, Bartec USA LLC, Sensata Technologies, Inc., Huf Hülsbeck & Fürst GmbH & Co. KG, AUTOMOTIVE TECHNOLOGY CO., LTD., Rivigo Services, Denso Corporation, DUNLOP TECH GmbH, Pacific Industrial Co., Ltd., Bendix Commercial Vehicles Systems LLC, NXP Semiconductors, NIRA Dynamics AB, WABCO, and HAMATON AUTOMOTIVE TECHNOLOGY CO., LTD among others.
• Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to future product launches, technology upgrades, market expansion, and marketing tactics
• Various strategy matrices used in analyzing the global automotive tire pressure monitoring system (tpms) market would provide stakeholders with vital inputs to make strategic decisions accordingly.

Detailed Segmentation:

• Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Product Type:
  • Direct TPMS
  • Indirect TPMS
• Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Vehicle Type:
  • Passenger Car
  • LCV
  • HCV
• Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Sales Channel:
  • OEM
  • Aftermarket
• Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Region:
  • North America
    
    • U.S.
    • Canada
  • Europe
    
    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    
    • China
    • Japan
    • Australia
    • India
    • ASEAN
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    
    • GCC Countries
    • Israel
    • South Africa
    • Rest of Middle East and Africa
• Company Profiles
  • ZF Friedrichshafen AG
  • ATEQ
  • Continental AG
  • Bartec USA LLC
  • Sensata Technologies, Inc.
  • Huf Hülsbeck & Fürst GmbH & Co. KG
  • AUTOMOTIVE TECHNOLOGY CO., LTD.
  • Rivigo Services
  • Denso Corporation
  • DUNLOP TECH GmbH
  • Pacific Industrial Co., Ltd.
  • Bendix Commercial Vehicles Systems LLC
  • NXP Semiconductors
  • NIRA Dynamics AB
  • WABCO
  • HAMATON AUTOMOTIVE TECHNOLOGY CO., LTD.