The Tire Pressure Monitoring Systems Market report by MarkNtel Advisors – Market Research Company, offers a comprehensive analysis of the current state of the market, including an overview of key players, emerging trends, and future growth prospects. The report is segmented into various sections, each dedicated to different aspects of the market such as market size, geographical shares, competitive landscape, and market dynamics.
How Big is the Tire Pressure Monitoring Systems Industry?
The Global Tire Pressure Monitoring Systems Market size is expected to rise at a CAGR of around 9.0% during the forecast period 2023-2028.
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Tire Pressure Monitoring Systems Market Growth Driver:
Rising Installation of Accident Preventive Safety Systems - The continuous occurrence of automobile accidents has urged manufacturers, and consumers to adapt and improve the safety features in the vehicle to prevent damage and causality by focusing on the improvement of automotive vehicles with the installation of new safety features. This has resulted in continuous research and development into the issue and coming up with more minor, complementing designs and systems, leading to the higher installation of such sensor systems, thereby driving the industry. As a solution, TMPS provides safety by improving vehicle handling, decreasing tire wear, reducing braking distance, and better fuel economy. In addition, the concerns over the higher number of accidents occurring due to tire failures have accelerated the market growth.
Competitor Breakdown: Top Tire Pressure Monitoring Systems Companies 2023-2028
- Continental AG
- Denso corporation
- Delphi Automotive
- Sensata Technologies
- Dunlop Tech Gbmh
- Wabco
- Bendix Commercial Vehicle systems LLC
- Schrader Electronics
- Pacific Industrial Co., Ltd.
- Huf and Hlsbeck Frst Gmbh Co.
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Geographical Analysis:
North America, Europe, Asia Pacific, Middle East Africa, and South America
- Share of each Geographical segment in the Market
- Potential growth opportunities in the Geographically
- The growth rate of the Geographical in the Industry
Breaking Down the Tire Pressure Monitoring Systems Market Segmentation:
By Technology
- Direct Tire Pressure Monitoring System
- Indirect Tire Pressure Monitoring System
By Sales Channel
- OEMs
- Aftermarket
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
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