Tire Pressure Monitoring System Market Key Players & Growth Driving Factors Analysis to 2022
Global Tire Pressure Monitoring System (TPMS) Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe.
Global Tire Pressure Monitoring System (TPMS) Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe.
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<strong>Tire</strong> <strong>Pressure</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>System</strong> <strong>Market</strong> <strong>Key</strong><br />
<strong>Players</strong> & <strong>Growth</strong> <strong>Driving</strong> <strong>Fac<strong>to</strong>rs</strong> <strong>Analysis</strong> <strong>to</strong> <strong>2022</strong><br />
“Global <strong>Tire</strong> <strong>Pressure</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>System</strong> (TPMS) <strong>Market</strong> is<br />
expected <strong>to</strong> grow at a significant CAGR in the upcoming years as<br />
the scope and its applications are increasing across the globe.<br />
An electronic system in a vehicle that moni<strong>to</strong>rs the tire air<br />
pressure and signals when it falls dangerously low is referred <strong>to</strong><br />
a <strong>Tire</strong> <strong>Pressure</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>System</strong> (TPMS).”<br />
Global <strong>Tire</strong> <strong>Pressure</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>System</strong> (TPMS) <strong>Market</strong> is expected <strong>to</strong> grow at a significant CAGR in the upcoming<br />
years as the scope and its applications are increasing across the globe. An electronic system in a vehicle that moni<strong>to</strong>rs<br />
the tire air pressure and signals when it falls dangerously low is referred <strong>to</strong> a <strong>Tire</strong> <strong>Pressure</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>System</strong> (TPMS).<br />
There are mainly two types of TPMS namely direct TPMS and indirect TPMS.<br />
It is very advantageous as it increases safety on the road by improving vehicle’s handling, decreasing braking distance,<br />
reducing tire wear, enhancing fuel economy, etc. The fac<strong>to</strong>rs that propel the growth of the <strong>Tire</strong> <strong>Pressure</strong> <strong>Moni<strong>to</strong>ring</strong><br />
<strong>System</strong> (TPMS) <strong>Market</strong> include increasing demand, rapid urbanization & industrialization, and product development<br />
& technological innovations.<br />
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In addition, key fac<strong>to</strong>rs such as growing awareness among consumers regarding health and safety, stringent safety<br />
rules and rise in disposable income significantly contribute <strong>to</strong> the growth of the market. On the other hand, there are<br />
also fac<strong>to</strong>rs that may h<strong>amp</strong>er the growth of the market such as high cost of <strong>Tire</strong> <strong>Pressure</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>System</strong> (TPMS).<br />
TPMS <strong>Market</strong> is classified on the basis of technology, vehicle type, sales channel and geography.<br />
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<strong>Tire</strong> <strong>Pressure</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>System</strong> (TPMS) <strong>Market</strong> is segmented by technology as direct TPMS and indirect TPMS. TPMS<br />
Industry is classified on vehicle type as passenger, light commercial and heavy commercial. The market is segmented<br />
by sales channel as original equipment manufacturer (OEM) and Aftermarket. <strong>Tire</strong> <strong>Pressure</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>System</strong> (TPMS)<br />
<strong>Market</strong> is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia<br />
Pacific, Japan and Middle East and Africa.<br />
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https://www.millioninsights.com/industry/au<strong>to</strong>motive-and-transport<br />
<strong>Market</strong> Segment:<br />
Geographically, this report is segmented in<strong>to</strong> several key Regions, with production, consumption, revenue (million<br />
USD), market share and growth rate of <strong>Tire</strong> <strong>Pressure</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>System</strong> (TPMS) in these regions, from 2012 <strong>to</strong> <strong>2022</strong><br />
(forecast), covering<br />
• United States<br />
• EU<br />
• China<br />
• Japan<br />
• South Korea<br />
• Taiwan
Global <strong>Tire</strong> <strong>Pressure</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>System</strong> (TPMS) market competition by <strong>to</strong>p manufacturers, with production, price,<br />
revenue (value) and market share for each manufacturer; the <strong>to</strong>p players including<br />
• Denso Corporation (Japan)<br />
• Omron Corporation (Japan)<br />
• Takata Corporation (Japan)<br />
• Robert Bosch (Germany)<br />
• Continental AG(Germany)<br />
• Valeo (France)<br />
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each<br />
type, primarily split in<strong>to</strong><br />
• Direct TPMS<br />
• Indirect TPMS<br />
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end<br />
users, consumption (sales), market share and growth rate of <strong>Tire</strong> <strong>Pressure</strong> <strong>Moni<strong>to</strong>ring</strong> <strong>System</strong> (TPMS) for each<br />
application, including<br />
• Light Commercial Vehicle (LCV)<br />
• Heavy Commercial Vehicle (HCV)<br />
• Passenger Vehicle
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