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(Transportation-News.com, November 06, 2019 ) Market Overview:
Tire pressure monitoring systems (TPMS) may warn you if your tires are under- or over-inflated, helping increase your fuel economy and even potentially preventing a tire blowout. There are two main types of TPMS sensors. Direct sensors are small, wireless devices inside each tire, which report the tire’s pressure reading to your dashboard.
Indirect sensors work by measuring wheel spin and can only tell if a tire’s pressure is low.
The United States Department of Transportation (DOT) National Highway Traffic Safety Administration (NHTSA) has developed a Federal Motor Vehicle Safety Standard that requires the installation of tire pressure monitoring systems (TPMS).
Market Dynamics:
Market Drivers
• Tire pressure maintenance is an important safety issue throughout the automotive industry and caused the U.S. government to pass legislation mandating tire pressure monitoring systems.
• TPMS can increase your safety on the road by improving your vehicle’s handling, decreasing tire wear, reducing braking distance and bettering fuel economy.
• The high number of accidents occurring worldwide due to tire failures has increased the need for advanced safety systems, such as TPMS in automobiles.
Market Restraints:
• The sensors used in TPMS have colossal replacement cost, which is restraining the growth of the TPMS market.
• For instance, OEM sensors are still dealer-only items that can cost USD 80-USD 140 per piece. While aftermarket replacements are beginning to enter the market, for now replacing a sensor can be an expensive proposition.
Market Segmentation:
By Product Type
• Direct tire pressure monitoring systems measure, identify and warn the driver of low pressure. Because direct systems have a sensor in each wheel, they generate accurate warnings and can alert the driver instantly if the pressure in any one tire falls below a predetermined level due to rapid air loss caused by a puncture. It can also detect gradual air loss over time.
• Indirect systems use the vehicle’s anti-lock braking system’s wheel speed sensors to compare the rotational speed of one tire to that in another position on the car. If one tire is low on pressure, its circumference changes enough to roll at a slightly different number of revolutions per mile than the other three tires, thus providing the tire pressure information to the driver.
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Geographical Analysis:
The Automotive TPMS Market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
North America is accounted for the largest market share for the TPMS market in 2017, followed by Europe and the Asia Pacific. The increasing demand from emerging markets, such as India and China, as a result of the rising demand for automobiles (especially luxury vehicles).
Competitive Analysis:
Some key players are Continental AG, Denso Corporation, Pacific Industrial Co., Ltd., Schrader Electronics, Alligator Ventilfabrik GmbH.
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DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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