Published by Coherent Market Insights
Posted on September 29, 2021
4 min readLast updated: February 1, 2026
The global TPMS market is growing due to regulatory mandates and aftermarket sales, improving fuel economy and safety. Key players are forming partnerships to expand their market presence.
United States/WA: The global Automotive Tire Pressure Monitoring System (TPMS) Market is estimated to account for US$ 9,335.4 Mn in terms of value by the end of 2019.
Report Pages:[140 Pages]
Top Company Players:- 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.
Automobile Tire Pressure monitoring device (TPMS) is a device used for monitoring and dimension tire stress of automobiles through the use of pressure sensors or with the help of wheel speed sensors along with ESC and ABS machine.
The increasing government projects closer to street protection is compelling OEMs to give you advanced structures including self sufficient Emergency Braking (AEB), Lane Departure caution (LDW), Tire pressure monitoring gadget (TPMS), and Blind Spot Detection (BSD) in their product portfolio. for instance, in step with the TREAD Act, as of November 1, 2012, the european Union mandated TPMS in each passenger car models. In April 2008, NHTSA mandated the usage of TPMS system in all newly manufactured or imported U.S. vehicles. Such rules boosted boom of the automobile tire stress monitoring machine (TPMS) marketplace. furthermore, aftermarket income are expected to turn out to be primary sales channels for TPMS. in keeping with a observe performed via national dual carriageway site visitors safety management (NHTSA), underinflated tires purchaser more fuel than well inflated tires, i.e. 2 psi decrease in all 4 tire ends in 1-2% decrease in gasoline financial system of the automobile. in keeping with the equal supply, the usage of tire stress monitoring systems affords better gasoline economy people$ 19.07-US$ 23.08 consistent with vehicle over its lifetime. because of this the massive fleet proprietors are adopting this structures for his or her cars in aftermarket that is anticipated to boost the demand for automotive tire stress tracking system (TPMS) in near future.
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Market Taxonomy
This file segments the global automobile Tire pressure tracking gadget (TPMS) marketplace on the basis of product kind, car kind, sales channel and vicinity. On the premise of product kind, the market is segmented into direct TPMS and indirect TPMS. On the basis of car type, the market is segmented into passenger automobiles, LCV, and HCV. On the premise of sales channel, the marketplace is segmented into OEM and aftermarket. For a complete knowledge of marketplace dynamics, the marketplace is analyzed throughout key geographical areas, specifically, North the us, Europe, Asia Pacific, Latin america and middle East & Africa. each of these areas is analyzed on the premise of marketplace findings across important international locations in those areas, for a macro-degree knowledge of the market.
Key Developments
Major companies in the market are worried in participating in activities and conferences, on the way to decorate their marketplace presence. as an instance, in July 2019, ZF Friedrichshafen AG offered subsequent-generation mobility solutions at IAA 2019.
Key gamers in the marketplace are centered on partnerships and collaborations, a good way to gain competitive benefit inside the marketplace. as an example, in August 2019, Rivigo services partnered with JK Tyre to release TPMS in industrial motors in India.
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The post [PDF] Technical Advancement In Automotive Tire Pressure Monitoring System Market That Will helps To Boost Future Business appeared first on Gatorledger.
The article discusses advancements in the Automotive Tire Pressure Monitoring System (TPMS) market and its impact on future business.
Regulations mandating TPMS in vehicles are driving market growth by ensuring safety and fuel efficiency.
The key sales channels for TPMS include OEMs and the aftermarket, with the latter becoming a major revenue source.
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