Global Automotive Tyre Pressure Monitoring Systems Market Size | COVID-19 Impact Analysis | Forecast to 2027

The global automotive tyre pressure monitoring systems market is anticipated to grow at a significant CAGR during the forecast period. The major factor propelling the growth of the global automotive tyre pressure monitoring systems market includes the growing number of road accidents prompting the government authorities to impose safety regulations and norms globally. As per the Global Status Report on Road Safety, by World Health Organization (WHO) in 2018, around 1.35 million died due to road traffic accidents. In addition to this, the growing consumer preference towards safety and advanced driving systems will drive the growth of the market. 

Tyre Pressure Monitoring System (TPMS) is an electric-oriented system that observes the air pressure inside the tyres and provides real-time information. Tyre Pressure Monitoring System (TPMS) has the key purpose of warning the driver when at least one or more tyres are significantly under-inflated, which will possibly create unsafe driving conditions. 

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The key players contributing to the growth of the global automotive tyre pressure monitoring systems market by adopting various strategies such as product launches & developments, mergers and acquisition, partnerships, and agreements, including Continental AG, Bridgestone Americasinc., Tyre Operations LLC, DENSO Corp., Delphi Automotive LLP, Ltd. among others. For instance, India’s first ‘smart Tyre’ technology was launched by JK Tyre and Industries Ltd. in August 2019, which is equipped with TREEL sensors for smart maintenance and monitoring of tyres. The product is launched after the acquisition of TREEL Mobility Solutions Pvt Ltd. The TPMS of the company provides the data on the owner's mobile phones via Bluetooth collected from the pressure sensors.

Market Coverage

·        The market number available for – 2020-2027

·        Base year- 2020

·        Forecast period- 2021-2027

·        Segment Covered- 

·        By Technology

·        By Type of Vehicle

·        Competitive Landscape- Continental AG, Bridgestone Americasinc., Tyre Operations LLC, DENSO Corp., Delphi Automotive LLP, Valor, among others. 

Key questions addressed by the report

·        What is the market growth rate?

·        Which segment and region dominates the market in base year?

·        Which segment and region will project fastest growth in the market?

·        How COVID-19 impacted the market?

·        Recovery Timeline

·        Deviation from pre-COVID forecast

·        Most affected region and segment

·        Who is the leader in the market?

·        How players are addressing challenges to sustain growth?

·        Where is the investment opportunity?

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Global Automotive Tyre Pressure Monitoring System Market by Segment

By Technology

•                 Indirect Tyre Pressure Monitoring

•                 Direct Tyre Pressure Monitoring

By Type of Vehicle    

•             Commercial Vehicle

•             Passenger Cars

Global Automotive Tyre Pressure Monitoring Market by Region 

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

·                  Latin America 

·                  Middle East & Africa

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

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