Uncategorized North American and European Tire Pressure Monitoring System Market Report 2021: Regulations Mandating Safety Assistance Features and the Impact of Connected Tire Telematics Technology Propel Growth – ResearchAndMarkets.com – Yahoo Finance
DUBLIN, January 24, 2022–(BUSINESS WIRE)–The "North American and European Tire Pressure Monitoring System Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
This report details three growth opportunities that will emerge in this space over the next decade and offers actionable insights to stakeholders to propel growth in the TPMS ecosystem.
The tire pressure monitoring system (TPMS) has been a part of vehicles' active safety assistance features for over a decade because it improves vehicle performance and safety. TPMS is essential to monitor tire condition parameters such as inflation pressure, temperature, tire wear, and vehicle performance parameters (e.g., fuel economy, safety, and comfort).
Abnormal inflation pressures can endanger passengers and vehicles if left unchecked. Due to TPMS' benefits, North America and Europe identified it as a critical safety assistance feature. Both regions have regulated and mandated TPMS in all production vehicles from 2007 (North America) and 2014 (Europe).
Based on the sensing technology type, the publisher broadly classifies TPMS as direct TPMS (dTPMS) and indirect TPMS (iTPMS). This study identifies the market potential for original equipment (OE)-fitted direct and indirect TPMS for passenger vehicles in North America and Europe.
This report forecasts the revenue and volume potential of vehicles fitted with direct and indirect TPMS for the 2022-2030 period. The study also analyzes vital markets and technology trends in the TPMS ecosystem and highlights TPMS solutions offered by leading players such as Sensata, Continental, and Huf Baolong Electronics.
The TPMS market is almost saturated, with demand depending mainly on the rising number of passenger vehicles in North America and Europe. However, the shifting market dynamics to integrate telematics and remote tire management solutions for connected tires also impact development and innovation in TPMS offerings.
Major players such as Continental and Sensata developed hardware and software integration capabilities for innovative TPMS sensing and real-time TPMS monitoring. These capabilities will enable value chain partners and end customers to maintain optimal inflation pressure and reduce performance and safety inefficiencies caused by tire pressure.
Key Topics Covered:
Strategic Imperatives
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top Three Strategic Imperatives on the Tire Pressure Monitoring System (TPMS) Market
Growth Opportunities Fuel the Growth Pipeline Engine
Growth Opportunity Analysis
Scope of Analysis
Segmentation
Definitions
Key Competitors
Key Growth Metrics
Distribution Channels
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue and Volume Forecast
Revenue Forecast by TPMS Type
Revenue Forecast by Region
Volume Forecast by TPMS Type
Volume Forecast by Region
Revenue and Volume Forecast Analysis
Pricing Trends and Forecast Analysis
Cost-benefit Analysis of TPMS Solutions in Passenger Cars
Competitive Environment
TPMS Overview and Regulatory Mandates
Need for TPMS
TPMS Development Life Cycle
Regulatory Mandates for Passenger Vehicles
Minimum Performance Criteria in TPMS Regulations
Growth Opportunity Analysis – iTPMS
iTPMS Systems
iTPMS – Continental Software-defined iTPMS Solution
Key Growth Metrics
Forecast Assumptions
Revenue and Volume Forecast
Revenue Forecast by Region
Volume Forecast by Region
Forecast Analysis
Growth Opportunity Analysis – dTPMS
dTPMS Systems
dTPMS – Huf-Baolong Valve-mounted TPMS
dTPMS – Continental Tire-mounted TPMS
Advanced dTPMS Sensing Solution – Sensata
Key Growth Metrics
Forecast Assumptions
Revenue and Volume Forecast
Revenue Forecast by Region
Volume Forecast by Region
Forecast Analysis
TPMS Technology Trends
TPMS Technology Trends
Telematics-integrated TPMS Monitoring
Bluetooth-enabled TPMS Monitoring
Remote Tire Management for Connected and Autonomous Vehicles
Growth Opportunity Universe
Growth Opportunity 1 – Hybrid TPMS Solution Development
Growth Opportunity 2 – TPMS Sensor Data Insights
Growth Opportunity 3 – Connected Tires and Telematics Technology
Conclusions and Future Outlook
Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/fd9isd
View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005600/en/
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