Tire Pressure Monitoring System Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023

Key Players

The global tire pressure monitoring market report by Market Research Future includes a profiling of various important participants in the market. Some of these noteworthy players include Sensata Technologies Inc. (U.S), Continental AG (Germany), Pacific Industrial Co. Ltd (Japan), and Huf Hülsbeck & Fürst GmbH & Co. KG (Germany). ZF Friedrichshafen AG (Germany), Schrader Electronics (U.K), AVE technologies (Australia), Bartec USA LLC (U.S), DUNLOP TECH GmbH (Germany), and Delphi Automotive LLP. (U.K).

Market Segmentation

The global tire pressure monitoring system market is segmented on the basis of technology, vehicle type, sales channel, and region. Based on vehicle type, the market is studied for the segments of light commercial vehicles, heavy commercial vehicles, and passenger vehicles. Based on the sales channel, the global TPMS market is segmented into aftermarket and original equipment manufacturers.

Detailed Regional Analysis

The global tire pressure monitoring system market is studied for the regional segments of Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific spearheaded the market at the beginning of the review period and is expected to retain such dominance by the end of 2023. This can be accredited to the upscaling adoption rate of such systems and booming automotive sector. Consequently, higher production of a large number of automobiles, promoting growth in the regional tire pressure monitoring market. India, China, Japan, and South Korea are anticipated to lead the country-specific market over the assessment period.

Europe is also estimated to witness significant growth for the tire pressure monitoring market. Substantial growth in the regional market can be accredited to the presence of vital automotive vendors in the region. Increasing driving regulations along with the objective of ensuring passenger safety is also fostering market growth in Europe.

Industry Update

August 2019: Rivigo has entered into a strategic partnership with JK Tyre & Industries to introduce a tire pressure monitoring system named TREEL. This is the very first partnership in India to provide tire management solutions in commercial vehicles in India.

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