Global Automotive Tire Pressure Monitoring System Sales Market Report 2022

Automotive Tire Pressure Monitoring System Market 

A tire-pressure monitoring system (TPMS) is an electronic system designed to monitor the air pressure inside the pneumatic tires on various types of vehicles. TPMS report real-time tire-pressure information to the driver of the vehicle, either via a gauge, a pictogram display, or a simple low-pressure warning light. TPMS are provided both at an OEM (factory) level as well as an aftermarket solution. The target of a TPMS is avoiding traffic accidents, poor fuel economy, and increased tire wear due to under-inflated tires through early recognition of a hazardous state of the tires.

In this report, 1 Unit Tire Pressure Monitoring System (TPMS) refers to the whole system used in a car (usually 4 TPMS sensors).

Due to the COVID-19 pandemic, the global Automotive Tire Pressure Monitoring System market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period.

Fully considering the economic change by this health crisis, by Type accounting for % of the Automotive Tire Pressure Monitoring System global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While by Type segment is altered to an % CAGR throughout this forecast period.

In the North American market, Major manufacturers are Schrader (Sensata), Continental, ZF TRW, Lear, Acdelco, Pacific Industrial, Bendix, HUF, CAB Elecpartss, Sate Auto Electronic, Denso, Baolong Automotive, NIRA Dynamics, Orange Electronic and Shenzhen Autotech.

The global Automotive Tire Pressure Monitoring System market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Automotive Tire Pressure Monitoring System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

By Type

• Indirect Tire Pressure Monitoring System
• Direct Tire Pressure Monitoring System

By Application

• Passenger Vehicle
• Commercial Vehicle

By Region

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Other Regions

By Company

• Continental
• ZF TRW
• Schrader (Sensata)
• Lear
• ACDelco
• Pacific Industrial
• Bendix
• Huf
• CUB Elecparts
• Sate Auto Electronic
• Denso
• Baolong Automotive
• NIRA Dynamics
• Orange Electronic
• Shenzhen Autotech