North American and European Tire Pressure Monitoring Systems

DUBLIN, Jan. 28, 2022 (GLOBE NEWSWIRE) — The North American and European Tire Pressure Monitoring Systems Growth Opportunities report has been added to ResearchAndMarkets.com’s offering.
This report details three growth opportunities that will emerge in the field over the next decade and provides stakeholders with actionable insights to drive the growth of the TPMS ecosystem.
For over a decade, tire pressure monitoring systems (TPMS) have been part of vehicle active safety assist features as it enhances vehicle performance and safety.TPMS is critical for monitoring tire condition parameters such as inflation pressure, temperature, tire wear and vehicle performance parameters such as fuel economy, safety and comfort.
If left unchecked, unusual inflationary pressures could endanger passengers and vehicles.North America and Europe have identified TPMS as a critical safety assist function due to its advantages.Beginning in 2007 (North America) and 2014 (Europe), both regions implemented TPMS regulations and mandates for all production vehicles.
Based on the type of sensing technology, publishers broadly categorize TPMS into direct TPMS (dTPMS) and indirect TPMS (iTPMS).This study identifies the market potential of direct and indirect TPMS for passenger vehicle original equipment (OE) installations in North America and Europe.
This report forecasts the revenue and sales potential of vehicles equipped with direct and indirect TPMS for the period 2022-2030.The study also analyzes key market and technology trends in the TPMS ecosystem and highlights TPMS solutions from leading players such as Sensata, Continental, and Huf Baolong Electronics.
The TPMS market is almost saturated, and demand is mainly determined by the increase in the number of passenger vehicles in North America and Europe.However, changing market dynamics to integrate telematics and remote tire management solutions for connected tires have also impacted TPMS product development and innovation.
Major players such as Continental and Sensata have developed hardware and software integration capabilities for innovative TPMS sensing and real-time TPMS monitoring.These capabilities will enable value chain partners and end customers to maintain optimal inflation pressures and reduce performance and safety inefficiencies caused by tire pressure.