Increasing accidents due to
tire failure and rising safety concerns to fuel global tire pressure monitoring
system market through 2024
According to TechSci Research report, “Global Tire Pressure
Monitoring System Market By Technology, By Vehicle Type, By Sales Channel, By Region, Competition,
Forecast & Opportunities, 2024”, global tire pressure monitoring system (TPMS) market is
projected to register a CAGR growth of over 21% during the forecast period of
2019-2024, on account of increasing instances of accidents and growing awareness
pertaining to the vehicle safety. TPMS helps to maintain proper tire pressure
and can increase safety on the road by reducing vehicle distance, decreasing
tire wear, and improving fuel economy and vehicle handling. Governments in
leading automaker countries have regulations in place for the use of TPMS.
Additionally, growing adoption of automotive safety systems is expected to positively
influence global tire pressure monitoring system (TPMS) market during the
forecast period.
Browse
111 Figures spread through 110
Pages and an in-depth TOC on "Global Tire Pressure Monitoring
System Market"
Passenger car segment
accounted for the largest share in global tire pressure monitoring system
market in 2018 and is likely to continue its market dominance during the
forecast period, on the back of expanding passenger car fleet size, rising
sales of passenger cars, growing disposable income and increasing consumer preference
for safety features in passenger cars. On the basis of technology, direct TPMS
is the leading segment, as it measures accurate pressure for every tire unlike
indirect TPMS which uses ABS sensors to measure the tire inflation.
Customers can also request for 10% free
customization on this report.
Prominent automotive component giants such as
Sensata Technologies Inc., Continental AG, Pacific Industrial Co. Ltd, NIRA
Dynamics, Denso Corporation and NXP Semiconductors are continuously enhancing
and expanding their product offerings to attract customer focus towards their
products. In February 2019,
Continental AG launched VDO TPMS Go device, a new universal service tool for
tire pressure monitoring systems (TPMS).
“Europe is the leading
region in global tire pressure monitoring system (TPMS) market, owing to the
legislature adopted by the region mandating TPMS in all vehicles from 2014 and
presence of major automotive manufacturers in the region. Asia-Pacific tire
pressure monitoring system (TPMS) market is expected to witness significant
growth in coming years, on account of increasing demand for vehicles in
economies such as China, Japan and South Korea, in addition to new TPMS
regulations in China.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Tire
Pressure Monitoring System Market By Technology, By Vehicle Type, By Sales
Channel, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global
tire pressure monitoring system market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in global tire pressure monitoring system market.
Browse Related Reports
- India Automotive Speed Alert System Market By Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), By Product Type (Optical Vehicle Speed Sensor, Hall-type Vehicle Speed Sensor and Magnetic-electric Vehicle Speed Sensor), By, Region, By Company, Competition, Forecast & Opportunities, 2024:https://www.techsciresearch.com/report/india-automotive-speed-alert-system-market/1350.html
- India Passenger Car Market By Vehicle Type (Hatchback, Sedan, SUV & MUV), By Segment Type (Mini, Compact, Micro, C1, C2, D, E, & F), By Fuel Type (Petrol, Diesel & CNG), By Engine Capacity, Competition Forecast & Opportunities, 2012 – 2022:https://www.techsciresearch.com/report/india-passenger-car-market/1550.html
- India Automotive Filter Market By Vehicle Type (PC, 2W, 3W, LCV, MHCV & OTR), By Filter Type (Oil Filter, Air Filter, Fuel/Diesel Filter & Others), By Filter Media Type, By Demand Category, Competition Forecast & Opportunities, 2013-2023:https://www.techsciresearch.com/report/india-automotive-filter-market/3255.html
About TechSci Research
TechSci Research is a leading global market research firm publishing
premium market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research based
consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Connect
with us on Twitter, LinkedIn, Facebook
No comments:
Post a Comment