Market Insight : Tire Pressure Monitoring System Market Globally Grow at a CAGR of 14.94% by Revenue During the Forecast Period 2017-2020

ResearchMoz presents professional and in-depth study of "Global Tire Pressure Monitoring System Market 2016-2020".

TPMS is an electronic system that is designed to provide real-time information about tire pressure by monitoring the air pressure inside tires. The system basically has a tire pressure monitor sensor that consists of a sensor chip. The sensor chip comes with an integrated -controller and a transmitter that are designed to send alert signals to the driver in case of low pressure. Lithium-ion batteries usually power these sensors. TPMS help increase fuel efficiency by actively monitoring the tire pressure, which plays a key role in vehicle efficiency. In terms of technology, TPMS can be classified into two categories: direct and indirect TPMS. Direct TPMS provide real-time information on the tire pressure by using pressure monitoring sensors within tires; whereas, indirect TPMS measure and monitor the tire pressure by receiving inputs from the speed sensors installed in anti-lock braking system (ABS) of the vehicle.

Technavios analysts forecast the global tire pressure monitoring system market to grow at a CAGR of 14.94% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global tire pressure monitoring system market for 2016-2020. To calculate the market size, the report considers analysis of three geographic regions and explicitly states key leading countries in the respective regions as per the market.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global Tire Pressure Monitoring System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Continental
DENSO
NXP
WABCO
ZF TRW

Other prominent vendors
Infineon Technologies
Pacific Industrial
Schrader Electronics

Market driver
Strict government mandates to curb vehicular emissions and increase fuel efficiency.
For a full, detailed list, view our report

Market challenge
Inaccuracy of electronic sensors and functional failure of the system.
For a full, detailed list, view our report

Market trend
Escalating demand due to increased availability of system in aftermarket of developed countries.
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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