Dublin, Jan. 28, 2022 (GLOBE NEWSWIRE) -- 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/34w
