Tire Pressure Monitoring System (TPMS) Market Growth, Demand and Challenges of the Key Industry Players 2024-2032


MARKETRESEARCH

Uploaded on Jan 31, 2024

Category Business

According to the latest research report by IMARC Group, The global tire pressure monitoring system (TPMS) market size reached US$ 6.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.3 Billion by 2032, exhibiting a growth rate (CAGR) of 8.2% during 2024-2032. More Info:- https://www.imarcgroup.com/tire-pressure-monitoring-system-market

Category Business

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Tire Pressure Monitoring System (TPMS) Market Growth, Demand and Challenges of the Key Industry Players 2024-2032

Global Tire Pressure Monitoring System (TPMS) Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved About IMARC Group In ternat ional Market Analys is Research and Consul t ing Group is a leading adv iser on management s t rategy and market research wor ldwide. We par tner wi th c l ients in a l l regions and indust ry vert ica ls to ident i fy thei r h ighest -value oppor tuni t ies, address thei r most cr i t ica l chal lenges, and t ransform thei r bus inesses. IMARC’s in format ion products inc lude major market , sc ient i f ic , economic and technological developments for bus iness leaders in pharmaceut ica l , indust r ia l , and h igh technology organizat ions. Market forecasts and indust ry analys is for b iotechnology, advanced mater ia ls , chemicals , food and beverage, t ravel and tour ism, nanotechnology and novel process ing methods are at the top of the company’s exper t ise. IMARC’s ta i lored approach combines unfathomable ins ight in to the dynamics o f companies and markets wi th c lose cooperat ion at a l l levels of the c l ient organizat ion. This ensures that our c l ients achieve unmatchable compet i t ive advantage, bui ld more pro f ic ient organizat ions, and secure las t ing resul ts . Accord ing t o t he l a t es t repo r t by I MARC G roup , t i t l ed "T i re Pressure M on i to r i ng System (TPMS) Market : G lobal I ndust ry T rends, Share , S ize , Growth , Oppor tun i ty and Forecast 2024-2032, " t he g loba l t i re p ressu re mon i t o r ing sys tem (TPMS) marke t s i ze reached US$ 6 . 9 B i l l i on i n 2023 . Report A t i re p ressu re mon i to r ing sys tem (TPM S) re fe r s t o an e lec t ron ic sys tem t ha t mon i t o r s the a i r p ressu re p resent i n a veh ic l e ’ s t i r e and re f lec t s t he read ing on the d i sp lay sc reen in rea l - t ime . I t a l so dep i c t s t he de r i ved da ta in t he fo rm o f a Highlight and p ic t og ram d isp lay . These so lu t ions a id t he d r i ve rs in ana lyz ing t he po ten t ia l r i s ks assoc ia ted w i th Description t he changes in t he p ressu re and t em pera tu re o f t i r es . The w idesp read u t i l i za t ion o f t hese sys t ems o f f e rs enhanced conven ience t o the d r i ve r wh i le s ign i f i can t l y improv ing veh ic l e sa fe ty as we l l as a reduced number o f i n ju r ies as a resu l t o f l ower inc idences o f road acc iden ts . Request fo r a PDF sample o f th i s repor t : ht tps : / / www. imarcgroup .com/ t i r e -p ressure-mon i t o r ing-sys t em -marke t / reques tsamp le Report Description Gl o b a l T i re P r e s su r e Mo n i t o r i n g S y s t e m ( T P M S ) Ma r k e t T r e n d s : T he g l o b a l ma r k e t i s p r i m a r i l y d r i v e n b y c on s i d e ra b l e g r o w t h i n t h e a u t o mo t i v e s ec t o r . W i th t h e i n f l a t i n g pe r c a p i t a i n co m e l ev e l s o f t h e m a s se s a nd t h e e s c a l a t i n g ad o p t i o n o f e l e c t r i c v e h i c l e s ( E V s ) , t he r e h a s b e e n a r i s i n g p r e fe r e n c e t o w a r d s t h e u t i l i z a t i on o f a d v a nc e d d r i v e r - a s s i s ta n c e s y s t em s ( A D A S s ) t o e ns u r e o p t i mu m s a f e t y . T P M S fo r m s a n e s s en t i a l pa r t o f t h e A D A S s a s i t e mp l o y s i n no v a t i v e s e n s o r s t o g a th e r p r e c i s e p r e ss u r e i n f o rm a t i o n f r o m th e t i r e v a l ve s t o d i s p l a y t h e s am e i n re a l - t i me , t he r e b y c r e a t i n g a po s i t i v e ou t l o o k f o r t h e ma r k e t . T he m a rk e t i s f u r t h e r d r i v en b y c on t i n u a l t e c h no l o g i c a l a d v a n ce m e n ts i n t he m a rk e t , i n c l u d i n g t h e w i d es p r e a d i n t e g r a t i o n o f en e r g y h a r v e s t i n g an d d i s p l a y s y s t e m s w i th T P M S t o p r ov i d e d a t a a n d i n s i g h t s a b o u t t h e p e r f o r m a n ce h e a l t h o f t h e v eh i c l e . Mo r e ov e r , nu m e ro u s go v e r n i ng a ge n c i e s a r e a l so ma n d a t i n g th e i n s t a l l a t i o n o f T P M S i n v e h i c l es i n a n a t t em p t t o m i n i m i z e t he i n c i d e nc e s o f r o a d a c c i de n t s , w h i c h i s p ro v i d i n g a n i mp e t u s t o t h e ma r k e t g r o w t h . S o me o f t h e o t h e r f ac t o r s co n t r i b u t i n g t o t h e m a r ke t g r o w t h i nc l u d e t he g r o w i n g c o n s um e r a w a r e n es s r e g a r d i n g t h e i mp o r t a n c e o f u s i n g T P M S i n t he i r v e h i c l es a n d ex t e n s i ve r e s ea r c h a n d d ev e l o p me n t ( R & D ) ac t i v i t i e s c o n d uc t e d b y k ey p l a y e rs . L o o k i n g f o r wa r d , t h e m a r k e t i s an t i c i p a t e d to g r o w a t a C A GR o f 8 . 2 % d u r i n g 2 0 2 4 -2 0 3 2 . V i e w R e p o r t T O C , F i g u r e s a n d T a b l e s : h t t p s : / / w ww . i m a r c g ro u p . co m / t i r e - p r es s u r e -m o n i to r i n g - s y s t em - m a r k e t Breakup by Type: • Direct TPMS • Indirect TPMS   Breakup by Technology: Report • Intel l igent TPMS • Conventional TPMS Segmentation Breakup by Vehicle Type: • Passenger Vehicles • Commercial Vehicles Breakup by Distribution Channel: • OEMs • Aftermarket Breakup by Region: Report • North America Segmentation • Asia-Pacifi c • Europe • Latin America • Middle East and Afr ica • ATEQ • Bartec USA LLC • Bendix Commerc ia l Vehic le Systems LLC (Knorr Brake Hold ing Corporat ion) • Cont inenta l Akt iengesel lschaft Competitive • Denso Corporat ion Landscape • Hamaton Automot ive Technology Co. L td . (Hangzhou Hamaton Inte l l igent Contro l Ho ld ings with Key Co. L td. ) • Huf Hü lsbeck & Fürs t GmbH & Co. KG Players • Nira Dynamics AB • NXP Semiconductors N.V. • Pac ifi c Industr ia l Co. L td . • Sensata Technologies Inc. • WABCO Hold ings Inc . (ZF Fr iedr ichshafen AG). How big is the global Tire Pressure Monitoring System (TPMS) market? What is the expected growth rate of the global Tire Pressure Monitoring System (TPMS) market during 2024-2032? Key Questions What are the key factors driving the global Tire Pressure Monitoring System (TPMS) market? Answered in What has been the impact of COVID-19 on the the Report global Tire Pressure Monitoring System (TPMS) market? What is the breakup of the global Tire Pressure Monitoring System (TPMS) market based on the type? What is the breakup of the global Tire Pressure Monitoring System (TPMS) market based on the technology? What is the breakup of the global Tire Pressure Monitoring System (TPMS) market based on the vehicle type? What is the breakup of the global Tire Pressure Monitoring System (TPMS) market based on the distribution channel? Key What are the key regions in the global Tire Questions Pressure Monitoring System (TPMS) market? Answered in Who are the key players/companies in the global Tire Pressure Monitoring System (TPMS) market? the Report 1 P r e f a c e 2 S c o p e a n d M e t h o d o l o g y 2 . 1 O b j e c t i v e s o f t h e S t u d y 2 . 2 S t a k e h o l d e r s 2 . 3 D a t a S o u r c e s 2 . 3 . 1 P r i m a r y S o u r c e s 2 . 3 . 2 S e c o n d a r y S o u r c e s 2 . 4 M a r k e t E s t i m a t i o n 2 . 4 . 1 B o t t o m - U p A p p r o a c h Table of 2 . 4 . 2 T o p - D o w n A p p r o a c h 2 . 5 F o r e c a s t i n g M e t h o d o l o g y 3 E x e c u t i v e S u m m a r y 4 I n t r o d u c t i o n 4 . 1 O v e r v i e w Contents 4 . 2 K e y I n d u s t r y T r e n d s5 G l o b a l T i r e P r e s s u r e M o n i t o r i n g S y s t e m ( T P M S ) M a r k e t 5 . 1 M a r k e t O v e r v i e w 5 . 2 M a r k e t P e r f o r m a n c e 5 . 3 I m p a c t o f C O V I D - 1 9 5 . 4 M a r k e t F o r e c a s t 6 M a r k e t B r e a k u p b y T y p e 6 . 1 D i r e c t T P M S 6 . 1 . 1 M a r k e t T r e n d s 6 . 1 . 2 M a r k e t F o r e c a s t 6 . 2 I n d i r e c t T P M S 6 . 2 . 1 M a r k e t T r e n d s 6 . 2 . 2 M a r k e t F o r e c a s t 7 M a r k e t B r e a k u p b y T e c h n o l o g y 7 . 1 I n t e l l i g e n t T P M S 7 . 1 . 1 M a r k e t T r e n d s 7 . 1 . 2 M a r k e t F o r e c a s t 7 . 2 C o n v e n t i o n a l T P M S 7 . 2 . 1 M a r k e t T r e n d s 7 . 2 . 2 M a r k e t F o r e c a s t 8 M a r k e t B r e a k u p b y V e h i c l e T y p e 8 . 1 P a s s e n g e r V e h i c l e s 8 . 1 . 1 M a r k e t T r e n d s 8 . 1 . 2 M a r k e t F o r e c a s t 8 . 2 C o m m e r c i a l V e h i c l e s 8 . 2 . 1 M a r k e t T r e n d s 8 . 2 . 2 M a r k e t F o r e c a s t 9 M a r k e t B r e a k u p b y D i s t r i b u t i o n C h a n n e l Table of 9 . 1 O E M s 9 . 1 . 1 M a r k e t T r e n d s 9 . 1 . 2 M a r k e t F o r e c a s t 9 . 2 A f t e r m a r k e t Contents 9 . 2 . 1 M a r k e t T r e n d s 9 . 2 . 2 M a r k e t F o r e c a s t 1 0 M a r k e t B r e a k u p b y R e g i o n 1 0 . 1 N o r t h A m e r i c a 1 0 . 1 . 1 U n i t e d S t a t e s 1 0 . 1 . 1 . 1 M a r k e t T r e n d s 1 0 . 1 . 1 . 2 M a r k e t F o r e c a s t 1 0 . 1 . 2 C a n a d a 1 0 . 1 . 2 . 1 M a r k e t T r e n d s 1 0 . 1 . 2 . 2 M a r k e t F o r e c a s t 1 0 . 2 A s i a P a c i f i c 1 0 . 2 . 1 C h i n a 1 0 . 2 . 1 . 1 M a r k e t T r e n d s 1 0 . 2 . 1 . 2 M a r k e t F o r e c a s t F o r m o r e i n f o r m a t i o n , v i s i t : ht t ps : / /w ww. i ma rc gro up . c o m / t i re -p re ssu re -m o n i to r i n g - sy s te m -m a rke t / t o c Disclaimer © 2023 IMARC Al l R ights Reserved Th is Pub l i ca t ion and a l l i t ’ s con ten ts un less o therw ise men t i oned a re copy r i gh ted in the name o f I n t e rna t i ona l Marke t Ana lys i s Research and Consu l t ing ( IMARC) . 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