Global Automotive TPMS Market By Overview
Automotive TPMS is an electronic system that is designed to provide real-time information about tire pressure, by monitoring the air pressure inside the tires. Monitoring and measurement of tire pressure of vehicle are done using pressure sensors or with the help of wheel speed sensors such as ESC and ABS. There are two types of TPMS used in vehicles namely direct TPMS and indirect TPMS. Moreover, it is typically used in HCV, LCV, and passenger cars. The TPMS also warns the driver about the number of tires that are underinflated. Generally, a tire pressure monitoring system is operated with the battery having a lifespan of 6-10 years.
Global Automotive TPMS Market By Dynamics
The major drivers of growth for this market are increasing vehicle production, increasing demand for driving safety and reliability, reduction in fuel consumption. Consumer preference toward advanced driver assistance systems, with safety acting as a major propellant for the growth of the automotive TPMS market. Spike in the sales of luxury vehicles with TPMS in their safety features, which has further propelled the market growth of automotive TPMS. A growing number of accidents and subsequent road fatalities prompted the regulatory authorities of many countries to mandate the employment of TPMS in automobiles. TPMS usually finds major applications in the passenger vehicle segment, where tire pressure management is considered to be a critical safety system. The automotive industry has been stepping up on introducing features that aid in minimizing the impact of collisions, reduce fatalities, and improve overall vehicle safety. This, in turn, is fueling the growth of the automotive TPMS market during the forecast period. With the increasingly adverse effects of greenhouse gases and the deteriorating air quality, the government of many countries has mandated the emission standards to be followed by automotive manufacturers. Environmental policies, rising economy are further boosting the global market. However, lack of standardization and high cost of TPMS is expected to restrain the global automotive TPMS market. Whereas, the emergence of sales is expected to offer lucrative growth opportunities to the target market
Global Automotive TPMS Market By Segmentation
The automotive TPMS market is segmented based on the product, type, sales channel type, vehicle type, and region.
Based on the type, the global automotive TPMS market is segmented into direct TPMS, and indirect TPMS. Direct tire pressure monitoring system (TMPS) is the leading segment of the tire pressure monitoring system market for automotive. The direct tire pressure monitoring system has various advantages over the indirect system, as it delivers accurate pressure for every tire, no leach is caused in the tire pressure information by tire rotation or replacement, sensor batteries generally last as long as the life of the vehicle, and they can monitor the spare tires also. Based on sales channel type, the global market is classified into OEM and aftermarket. The traction of the aftermarket is increasing, and the segment is expected to grow over the next few years, as the new government norms mandate the use of these TPMS and increasing awareness of the TPMS as advanced safety technology. Based on vehicle type, the target market is bifurcated into passenger cars, light commercial vehicles, and heavy commercial vehicles. Luxury vehicles are expected to witness an extremely high growth rate across the entire passenger vehicle segment. With TPMS fitted in a majority of these vehicles, the passenger vehicle segment is poised to drive the market for automotive TPMS significantly.
Based on the region the global automotive TPMS market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia-Pacific automotive TPMS market is expected to witness a high CAGR during the forecast period. The market is driven due to increasing market penetration of premium cars and a rise in safety installations per vehicle (due to the adoption of safety regulations by governments/agencies), are accelerating the demand for TPMS. Europe also contributes significantly to the growth of the global TPMS market due to the existence of major automotive manufacturers in the region supports the industry demand.
Global Automotive TPMS Market, By Type:
- Direct TPMS
- Indirect TPMS
Global Automotive TPMS Market, By Sales Channel Type:
- OEM
- Aftermarket
Global Automotive TPMS Market, By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Global Automotive TPMS Market, By Region:
-
-
- North America
- North America Automotive TPMS Market, By Type
- North America Automotive TPMS Market, By Sales Channel Type
- North America Automotive TPMS Market, By Vehicle Type
- North America Automotive TPMS Market, By Country
- U.S.
- Canada
- Europe
- Europe Automotive TPMS Market, By Type
- Europe Automotive TPMS Market, By Sales Channel Type
- Europe Automotive TPMS Market, By Vehicle Type
- Europe Automotive TPMS Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Automotive TPMS Market, By Type
- Asia Pacific Automotive TPMS Market, By Sales Channel Type
- Asia Pacific Automotive TPMS Market, By Vehicle Type
- Asia Pacific Automotive TPMS Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Automotive TPMS Market, By Type
- Latin America Automotive TPMS Market, By Sales Channel Type
- Latin America Automotive TPMS Market, By Vehicle Type
- Latin America Automotive TPMS Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Automotive TPMS Market, By Type
- Middle East & Africa Automotive TPMS Market, By Sales Channel Type
- Middle East & Africa Automotive TPMS Market, By Vehicle Type
- Middle East & Africa Automotive TPMS Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
-
Global Automotive TPMS Market By Key Players
The key players operating the global automotive TPMS market involves ZF Friedrichshafen AG, Continental AG, Bartec USA, Sensata Technologies, Inc., Huf Hulsbeck & Furst GmbH & Co. KG, Automotive Technology Co. ltd., Rivigo Services, Denso Corporation, Dunlop Tech GmbH, Pacific Industrial CO. Ltd. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in February 2019, Continental AG introduced the VDO TPMS Go device, which can be programmed for all common sensors for cars
Global Automotive TPMS Market By Company Profile
- ZF Friedrichshafen AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Continental AG, Bartec USA
- Sensata Technologies, Inc.
- Huf Hulsbeck & Furst GmbH & Co. KG
- Automotive Technology Co. Ltd.
- Rivigo Services
- Denso Corporation
- Dunlop Tech GmbH
- Pacific Industrial CO. Ltd.
“*” marked represents similar segmentation in other categories in the respective section
Global Automotive TPMS Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Automotive TPMS Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Sales Channel Type
- Market Snippet, By Vehicle Type
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Direct TPMS
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Indirect TPMS
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Sales Channel Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- OEM
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Aftermarket
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Vehicle Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Passenger Cars
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Light Commercial Vehicles
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Heavy Commercial Vehicles
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Types, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Sales Channel Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Vehicle Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Sales Channel Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Vehicle Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Sales Channel Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Vehicle Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Sales Channel Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Vehicle Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Sales Channel Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Vehicle Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Pacific Industrial CO. Ltd.
- Dunlop Tech GmbH
- Denso Corporation
- Rivigo Services
- Automotive Technology Co. ltd.
- Huf Hulsbeck & Furst GmbH & Co. KG
- Sensata Technologies, Inc.
- Continental AG, Bartec USA
- ZF Friedrichshafen AG
- Company Overview
- Product and Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact