Automotive tire pressure monitoring system is a system used to monitor and measure vehicle tire pressure using pressure sensors or wheel speed sensors such as ESC and ABS systems. Tire Pressure Monitoring System (TPMS) is an electronic solution to maintain adequate air pressure in vehicle tires.

Factors such as increase in demand for safety features, increase in implementation of electric systems in vehicles, technological advancements related to tire pressure management are expected to fuel the growth of the tire pressure monitoring system market over the forecast period. However, sensor-related software failures and high initial cost and complex structure are expected to hinder market growth over the forecast period.

The report " Automotive Tire Pressure Monitoring System Market, By Type (Direct Automotive Tire Pressure Monitoring System and Indirect Automotive Tire Pressure Monitoring System), By Vehicle Type (Passenger car, Light commercial vehicle (LCV), Heavy commercial vehicle (HCV)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2032’’

Key Highlights:

• In May 2022, Continental unveiled an advanced combine-tire monitoring system for its CombineMaster and CombineMaster VF tires. A system designed to monitor tire pressure and temperature is called ContiPressureCheck.
• In February 2022, Fleeca India Private Limited, a Jaipur-based start-up, launched Fleeca Kawach, India's first AI-powered smart truck tire-pressure monitoring system. The TPMS (Tire Pressure Monitoring System) is a rim-mounted electronic system that monitors wheel speed and other signals from outside the tires.

Analyst View:

Automotive tire pressure monitoring system is growing around the world; as, an integral part of the tire-pressure sensors is known as the Tire Pressure Monitoring System (TPMS). Tire monitoring pressure system is most helpful for human and useful to vehicle, tire monitoring pressure system often find major applications in the passenger vehicle segment, where tire pressure management is considered a critical safety system. The automotive industry is introducing features that reduce the impact of collisions, reduce fatalities, and improve overall vehicle safety, thereby fueling the growth of the automotive TPMS market over the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Automotive Tire Pressure Monitoring System Market, By Type (Direct Automotive Tire Pressure Monitoring System and Indirect Automotive Tire Pressure Monitoring System), By Vehicle Type (Passenger car, Light commercial vehicle (LCV), Heavy commercial vehicle (HCV)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2032”

Key Market Insights from the report:

Automotive Tire Pressure Monitoring System Market accounted for US$ 6.3 million in 2022 and is estimated to be US$ 16.19 million by 2032 and is anticipated to register a CAGR of 9.9%. The Automotive Tire Pressure Monitoring System Market is segmented based on Type, Vehicle Type and Region.

• Based on Type, Automotive Tire Pressure Monitoring System Market is segmented into Direct Automotive Tire Pressure Monitoring System and Indirect Automotive Tire Pressure Monitoring System.
• Based on Vehicle Type, Automotive Tire Pressure Monitoring System Market is segmented into Passenger car, Light commercial vehicle (LCV), Heavy commercial vehicle (HCV).
• By Region, the Automotive Tire Pressure Monitoring System Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Automotive Tire Pressure Monitoring System Market:

The prominent players operating in the Automotive Tire Pressure Monitoring System Market include Denso Corporation, Continental AG, Goodyear Tire & Rubber Company, Hampton Automotive Technology Co. Ltd, ZF Friedrichshafen AG, VALEO, NIRA Dynamics AB, Sensata Technologies Inc., Pacific Industrial Co. Ltd., Huf Hülsbeck & Fürst GmbH & Co. KG. The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period

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