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Global Commercial Vehicle Tire Pressure Management System (TPMS) Market 2017-2021

Global Commercial Vehicle Tire Pressure Management System (TPMS) Market 2017-2021

About Commercial Vehicle Tire Pressure Management System (TPMS)

TPMS is an electronic system, which provides real-time information about tire pressure by monitoring the air pressure inside the tires. The system basically comprises a potted tire pressure monitor sensor, which consists of a sensor chip. The sensor chip comes with integrated µ-controller and a transmitter that is designed to send signals to alert the driver of low pressure. These sensors are usually powered by lithium-ion battery and help in increasing fuel efficiency by continously monitoring the tire pressure, which plays a key role in vehicle efficiency.

Technavio’s analysts forecast the global commercial vehicle tire pressure management system (TPMS) market to grow at a CAGR of 10.38% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global commercial vehicle tire pressure management system (TPMS) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Commercial Vehicle Tire Pressure Management System (TPMS) Market 2017-2021, 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
  • ZF
  • NXP Semiconductors
  • DENSO
  • Sensata Technologies
  • WABCO
Other prominent vendors
  • Bendix Commercial Vehicles Systems
  • Datanet
  • Pacific Industrial
  • Ryder Fleet Products
  • Schrader-Bridgeport International
Market driver
  • Discount in insurance premium for adoption of vehicle safety system like TPMS
  • For a full, detailed list, view our report
Market challenge
  • High cost associated with direct TPMS
  • For a full, detailed list, view our report
Market trend
  • Development of Bluetooth-enabled TPMS
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Commercial Vehicle Tire Pressure Management System (TPMS) Market 2017-2021

Technavio recognizes the following companies as the key players in the global commercial vehicle tire pressure management system (TPMS) market: Continental, ZF, NXP Semiconductors, DENSO, Sensata Technologies, and WABCO.

Other Prominent Vendors in the market are: Bendix Commercial Vehicles Systems, Datanet, Pacific Industrial, Ryder Fleet Products, and Schrader-Bridgeport International.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of Bluetooth-enabled TPMS. TPMS is undergoing many developments that are mostly focused on increasing the efficiency of the system. The development of battery-powered sensors allowed wireless transmission of the readings from the sensors to the ECU. The recent development of the Bluetooth-enabled TPMS is the latest addition to the TPMS market, which is gaining popularity among customers.”

According to the report, one driver in the market is discount in insurance premium for adoption of vehicle safety system like TPMS. The active safety systems are the preferred device to increase safety quotient of the vehicles. However, their adoption is not limited to the customers preferring safety. Other factors like legislation and discounts are pushing the demand for the same. For instance, insurance providers are offering discounts on the automobile insurance if the vehicle is equipped with safety systems like ABS, TPMS, etc. These discounts range from 5% to 10% depending on the provider and region.

Further, the report states that one challenge in the market is high cost associated with direct TPMS. TPMS is a crucial component for preventing unexpected vehicle breakdown due to underinflating tires. The CV market is witnessing the adoption of both direct and indirect TPMS, and indirect is most preferred by the OEMs as it allows them to save cost by complementing it with ABS. However, efficiency and reliability of the direct TPMS make it more adoptable than indirect TPMS. Hence, the aftermarket and some prominent vendors invest in the direct TPMS technology. However, direct TPMS is a costly affair for the stakeholders, and this is a challenge for its adoption across maximum customers.

Companies Mentioned

Continental, ZF, NXP Semiconductors, DENSO, Sensata Technologies, WABCO, Bendix Commercial Vehicles Systems, Datanet, Pacific Industrial, Ryder Fleet Products, and Schrader-Bridgeport International.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Table Global commercial vehicles market 2016-2021 (million units)
    • Types of tire pressure monitoring system
      • Table Direct TPMS fitment in commercial vehicle
    • Regulatory Framework
      • Table Regulations encouraging TPMS adoption
    • Commercial vehicle TPMS: market dynamics
    • Value chain analysis
      • Table Value chain analysis of commercial vehicle TPMS
  • Market landscape
    • Market overview
      • Table Segmentation of global commercial vehicle TPMS market
    • Market size and forecast
      • Table Global commercial vehicle TPMS market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global commercial vehicle TPMS market segmentation by end-user
      • Table Segmentation of global commercial vehicle TPMS market by end-users 2016 and2021
      • Table Global commercial vehicle TPMS market by end-user 2016-2021
    • Global commercial vehicle TPMS market by OEMs
      • Table Global commercial vehicle TPMS market by OEMs 2016-2021 ($ millions)
    • Global commercial vehicle TPMS market by aftermarket
      • Table Global commercial vehicle TPMS market by aftermarket 2016-2021 ($ millions)
      • Table Tire pressure monitor sensor valve stem
  • Market segmentation by vehicle type
    • Global commercial vehicle TPMS market segmentation by vehicle type
      • Table Segmentation of global commercial vehicle TPMS market by vehicle type 2016 and2021
      • Table Global commercial vehicle TPMS market by vehicle type 2016-2021
    • Global commercial vehicle TPMS market by LCVs
      • Table Global commercial vehicle TPMS market by LCVs 2016-2021 ($ million)
      • Table Global LCVs market 2016-2021 (million units)
    • Global commercial vehicle TPMS market by HCVs
      • Table Global commercial vehicle TPMS market by HCVs 2016-2021 ($ millions)
      • Table Global HCVs market 2016-2021 (million units)
  • Geographical segmentation
    • Segmentation of commercial vehicle TPMS market by geography
      • Table Global commercial vehicle TPMS market by geography 2016 and 2021
      • Table Global commercial vehicle TPMS market by geography 2016-2021
    • Commercial vehicle TPMS market in Americas
      • Table Commercial vehicle TPMS market in Americas ($ millions)
    • Commercial vehicle TPMS market in EMEA
      • Table Commercial vehicle TPMS market in EMEA ($ millions)
    • Commercial vehicle TPMS market in APAC
      • Table Commercial vehicle TPMS market in APAC ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Development of Bluetooth-enabled TPMS
    • Growing popularity of battery-less tire pressure sensor
    • Developments toward lightweight TPMS
    • Development of powerful MEMS sensors
    • Increasing demand from emerging economies through aftermarket
  • Vendor landscape
    • Competitive benchmarking
    • Other prominent vendors
  • Key vendor analysis
    • Continental
      • Table Continental: Business segmentation 2016 by revenue
      • Table Continental: Geographical segmentation by revenue 2016
      • Table Continental: Product portfolio
      • Table Continental: Recent developments
    • ZF
      • Table ZF: Business segmentation by revenue 2016
      • Table ZF: Geographical segmentation by revenue 2016
      • Table ZF: Product portfolio
    • NXP Semiconductors
      • Table NXP Semiconductors: Business segmentation by revenue 2016
      • Table NXP Semiconductors: Business revenue 2015 and 2016 ($ billions)
      • Table NXP Semiconductors: Product portfolio
    • DENSO
      • Table DENSO: Business revenue 2015 and 2016 ($ billions)
      • Table DENSO: Geographical segmentation by revenue 2016
    • Sensata Technologies
      • Table Sensata Technologies: Business segmentation by revenue 2016
      • Table Sensata Technologies: Business revenue 2015 and 2016 ($ billion)
      • Table Sensata Technologies: Geographical segmentation by revenue 2016
    • WABCO
      • Table WABCO in commercial vehicle safety systems market
      • Table WABCO: Product portfolio
      • Table WABCO: Recent developments
  • Appendix
    • List of abbreviation
  • Explore Technavio

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