Market Research Logo

Global Tire Pressure Monitoring System Market 2016-2020

Global Tire Pressure Monitoring System Market 2016-2020

About Tire Pressure Monitoring System

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 µ-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.

Technavio’s 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
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
  • NXP
  • 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
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?

Press Release

Technavio Announces the Publication of its Research Report – Global Tire Pressure Monitoring System Market 2016-2020

Technavio recognizes the following companies as the key players in the global tire pressure monitoring system market: Continental, DENSO, NXP, WABCO, and ZF TRW.

Other prominent vendors in the market are: Infineon Technologies, Pacific Industrial, and Schrader Electronics.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is development of powerful MEMS sensors and speed sensing instruments for accuracy and precision. Sensor technology has played a crucial role in the design and development of ADAS as they form a fundamental part of the systems. Sensors and processors are the primary system components that perform the function of monitoring and processing of the vehicle data. A few automotive players are working on new tire pressure monitoring technologies that use micro-electromechanical systems (MEMS) sensors that are designed to accurately measure the pressure and temperature in the tire.”

According to the report, one of the primary drivers in the market is reduction in fuel consumption and carbon emissions from vehicles. Advance automotive technologies are aimed at making the driving experience safer, comfortable, and convenient in addition to making them eco-friendly in nature. Rolling resistance from tires plays a crucial role in delivering the optimum fuel efficiency and level of exhaust emission from the vehicle. It has been found that low pressure in the tire leads to high rolling resistance. According to industry experts, with every 1 bar pressure drop in the tire from the stipulated value, the rolling resistance of tire increases by 20%-25% in passenger vehicles. A higher rolling resistance leads to increased fuel consumption by the engine, which results in significant reduction of the vehicle’s fuel efficiency. In addition to this, an underinflated tire also leads to more carbon emissions from the exhausts. According to experts, an improperly inflated tire can lead to 5%-10% increase in carbon emissions on an average, depending upon the type of vehicle.

Further, the report states that one major challenge in the market is inaccuracy of electronic sensors and functional failure of the system. Various TPMS-related issues have led to the failure of the automotive safety systems in critical situations. The failure of electronic sensors and sometimes the use of defective electronic sensors often cause fatal accidents. For instance, the sudden turning off of the ignition disables the engine and thus TPMS. There have been occurrences of functional errors, in which the automobile manufacturers have had to recall their vehicles, in turn damaging their brand image. For instance, Chrysler recalled its Dodge Charger SRT8s and Chrysler 300 SRT8s in 2012 because of technical and electronic defects with the TPMS. According to NHTSA, the TPMS of the affected vehicles failed to meet the requirements of the Federal Motor Vehicle Safety Standard No. 138 (i.e., the system did not warn the driver when the tire pressure was below 25% of the recommended pressure).

Companies Mentioned

Continental, DENSO, NXP, WABCO, ZF TRW, Infineon Technologies, Pacific Industrial, Schrader Electronics.

  • Executive summary
    • Highlights
  • Scope of the report
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Regulatory framework
      • Table Regulations encouraging TPMS adoption worldwide
  • Market landscape
    • Market overview
      • Table Geographic segmentation of global TPMS market
    • Market size and forecast
      • Table Global TPMS market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis in global TPMS market
  • Market segmentation by geography
    • Table Global TPMS by geography 2015 and 2020
    • Table TPMS market in Americas 2015-2020 ($ billions)
    • Table TPMS market in EMEA 2015-2020 ($ billions)
    • Table TPMS market in APAC 2015-2020 ($ billions)
  • Market drivers
    • Table Drivers in global TPMS market
    • Table List of automotive NCAP standards worldwide
  • Market challenges
    • Table Challenges in global TPMS market
  • Market trends
    • Table Trends in global TPMS market
  • Vendor landscape
    • Competitive benchmarking
      • Table Benchmarking of players in global TPMS market
    • Other prominent vendors
  • Key vendor analysis
    • Table Product portfolio of Continental
    • Table Product portfolio of DENSO
    • Table Product portfolio of NXP
    • Table Product portfolio of WABCO
    • Table Product portfolio of ZF TRW
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report