Stratistics MRC’s Global Tire Pressure Monitoring System (TPMS) Market value is expected to reach $13.17 billion growing at a CAGR of 10.6% during 2023-2030.
A tire pressure monitoring system (TPMS) is an electronic component used in automobiles that uses sensors linked to the wheel speed sensors of ABS and ESC systems to measure the pressure in a tire. It helps improve fuel efficiency, alerts the driver when the tires are under or overinflated, and might even stop a tire blowout.
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The tire pressure monitoring system market is expected to grow at the highest rate in Europe. Owing to the accessibility of cutting-edge technology, government support for the expansion of advanced technology, and population purchasing power. Additionally, the UK tire pressure monitoring system market is expanding at the fastest rate in the European region, while the German tire pressure monitoring system market has the largest market share.
Some of the key players profiled in the Tire Pressure Monitoring System (TPMS) Market include Alligator Ventilfabrik GmbH, ATEQ, Bartec USA LLC, Bendix Commercial Vehicle Systems LLC, Continental AG, Delphi Automotive LLP., Denso Corporation, Hampton Automotive Technology Co. Ltd, Hella KGaA, Hueck & Co, Hitachi Automotive Ltd, Huf Hülsbeck & Fürst GmbH & Co. KG, LG Innotek, Nira Dynamics AB, NXP Semiconductors N.V., Pacific Industrial Co. Ltd., Robert Bosch GmbH, Sensata Technologies Inc., The Goodyear Tire & Rubber Company, WABCO Holdings, Inc and ZF Friedrichshafen AG.
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Key Developments:
In April 2023, Tire manufacturer Continental has opened its new Solution Center in Lousado, Portugal. The new Solution Center in Portugal Boosts Expertise in Digital Business Models and Tire Solutions.
In November 2022, ATEQ TPMS Tools, LC, leader of TPMS Tool solutions for the OE, Industrial and Aftermarket industries announced ahead of SEMA that the VT67 TPMS Diagnostic and Tire Management Tablet will be capable of reading and programming the Tesla BLE sensor.
In April 2023, New TPMS Mechanical Tool Kit Launched. The TPMS Mechanical Tool Kit contains the necessary tools for dealing with the various TPMS fasteners. TPMS Sensors contain replaceable wear items and fasteners all requiring specific torque when assembling.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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