Market Overview:
According to MRFR analysis, the global Tire Pressure Monitoring System market size is expected to register a CAGR of ~8.53% from 2022 to 2030 and hold a value of over USD 2.88 billion by 2030.
The tire pressure monitoring system is an electronic device that keeps track of the tire’s temperature and air pressure while also showing those values on the screen in real-time. This warns the driver if there is any danger associated with a change in tire pressure. The decrease in vehicle pressure is caused by a variety of circumstances. Decreased tire life, vehicle performance, mileage, and safety are a few of the key contributing causes. With the use of such devices, the number of accidents has been reduced, which is one of the main benefits of the market’s introduction of such a system.
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Key Players
Some of the key market players are Denso Corporation, Continental AG, The Goodyear Tire & Rubber Company, Hampton Automotive Technology Co. Ltd, ZF Friedrichshafen AG, VALEO, NIRA Dynamics AB, Sensata Technologies Inc, Pacific Industrial Co. Ltd, ZF Friedrichshafen AG.
Regional Analysis
Europe is one of the top areas in the tire pressure monitoring system market Due to governmental regulations in developed economies. Out of the other region, APAC is anticipated to develop more over the forecast period due to the growing use of such systems there and a rising automotive industry there due to a rise in vehicle manufacturing.
Market Segmentation
The Global Tire Pressure Monitoring System market has been segmented into Technology, Vehicle Type, and Sales Channel.
Based on the Technology, the market has been segmented into Direct TPMS, Indirect TPMS.
Based on the Vehicle Type, the market has been segmented into Passenger Cars, LCVs, and HCV.
Based on the Sales Channel, the market has been segmented into OEM, Aftermarket.
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Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis…..
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