Global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Market Insights, Forecast to 2025

A tire-pressure monitoring system (TPMS) is an electronic system designed to monitor the air pressure inside the pneumatic tires on various types of vehicles. TPMS report real-time tire-pressure information to the driver of the vehicle, either via a gauge, a pictogram display, or a simple low-pressure warning light.
The main factors driving the demand for automotive TPMS are strict safety norms, increasing health and safety awareness among consumers, technology advancement and high disposable income. Agencies such as New Car Assessment Program (NCAP) are also encouraging manufacturers by awarding safety ratings to cars based on safety performance. Growth in automotive safety systems market such as TPMS is largely driven by strict legislation and norms related to safety. Safety systems such as TPMS is obligatory in developed countries, while legislation in developing countries are creating higher growth opportunities.Although the overall automotive active safety systems market is growing significantly, challenges such as lack of standardization and high prices of TPMS is hindering the growth for TPMS market.Test conducted by one of the leading tire and rubber company have shown that almost 15% under-inflation tires can result an 8% drop in expected tire life and 2.5% decrease in fuel efficiency.
In terms of geography, the global tire pressure monitoring system market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. North America is the largest market for TPMS followed by Europe and Asia Pacific. Increasing demand for luxury vehicles in regions like Europe and Asia Pacific, mainly in developing economies such as China and India is driving the TPMS market. Factors such as adoption of safety regulations by government agencies along with an increase in vehicle sales and safety installations per vehicle, are fuelling the demand for automotive TPMS globally.
Global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Tire Pressure Monitoring System (TPMS) (Automobile TPMS).

This industry study presents the global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Tire Pressure Monitoring System (TPMS) (Automobile TPMS) production, revenue and market share by manufacturers, key regions and type;
The consumption of Tire Pressure Monitoring System (TPMS) (Automobile TPMS) in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Schrader (Sensata), Pacific Industrial, etc.

The following manufacturers are covered in this report:
Schrader (Sensata)
Pacific Industrial
Continental
TRW (ZF)
Lear
Visteon
Denso
Huf Hülsbeck & Fürst GmbH & Co
ACDelco
Sate Auto Electronic
Shanghai Baolong Automotive
Shenzhen Hangshen Electronic
Steelmate Co
Nanjing Top Sun Technology
Kysonix Inc
Foryou Corp
Shenzhen Autotech
Dongguan Nannar Electronic Technology

Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Breakdown Data by Type
Direct TPMS
Indirect TPMS
Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Breakdown Data by Application
Passenger Cars
Commercial Vehicles

Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions

Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Tire Pressure Monitoring System (TPMS) (Automobile TPMS) manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Tire Pressure Monitoring System (TPMS) (Automobile TPMS) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Tire Pressure Monitoring System (TPMS) (Automobile TPMS) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.