Global Tire Pressure Monitoring System Market Forecast to 2023- By Technology, By Vehicle Type and B

Tire Pressure Monitoring System Research Report- Forecast To 2023

Global Tire Pressure Monitoring System Market Forecast to 2023- By

Technology, By Vehicle Type and By Region

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Copyright Š 2018 Market Research Future.

Tire Pressure Monitoring System Research Report- Forecast To 2023

1 Summary Global Tire Pressure Monitoring System has witnessed gradual growth in recent years, and is expected to witness steady growth in the forecast period. The tire pressure monitoring system market is primarily driven due to strict government regulations that mandate the need to curb vehicular emissions and increase fuel efficiency as one of the primary growth factors.

The governments of several nations around the world have already mandated emission standards to be followed by automotive manufacturers, due to the harmful effects of greenhouse gases, and the deteriorating air quality. The growth of the automotive market in the emerging economies around the world is due to various factors such as the increasing demand for high-end luxury cars, and the growing economic and environmental policies. These factors will increase the focus of the customers towards advanced safety systems such as anti-brake systems, tire pressure indicators, and electronic stability control in their vehicles.

Key Players: The key players of global tire pressure monitoring system market are Sensata Technologies Inc. (U.S), Continental AG (Germany), Pacific Industrial Co. Ltd (Japan), Huf Hülsbeck & Fürst GmbH & Co. KG (Germany), ZF Friedrichshafen AG (Germany), Schrader Electronics (U.K), AVE technologies (Australia), Bartec USA LLC (U.S), DUNLOP TECH GmbH (Germany) and Delphi Automotive LLP. (U.K)

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Copyright © 2018 Market Research Future.

Tire Pressure Monitoring System Research Report- Forecast To 2023

2 Market Overview Global tire pressure monitoring system has witnessed gradual growth in recent years and is expected to witness steady growth in the forecast period. The tire pressure monitoring system market is primarily driven due to strict government regulations that mandate the need to curb vehicular emissions and increase fuel efficiency as one of the primary growth factors. The growth of the automotive market in the emerging economies around the world is due to various factors such as the increasing demand for highend luxury cars, and the growing economic and environmental policies. These factors will increase the focus of the customers towards advanced safety systems such as anti-brake systems, tire pressure indicators, and electronic stability control in their vehicles. This will indirectly result in the growth of the automotive aftermarket. Regulations that demand installation of tire pressure monitoring systems, which were introduced in emerging nations, will result in the increasing demand for the aftermarket tire pressure monitoring systems.

Market Research Analysis Passenger vehicle type, expected to grow at the highest CAGR Passenger vehicle type will dominate the tire pressure monitoring system market. The significant rise in sales of passenger vehicles, with the development of multibillion dollar luxury and semi-luxury car manufacturing industry, will be the major driver for the growth of passenger vehicle in tire pressure monitoring system market. Also, factors such as adoption of safety regulations by government agencies, along with an increase in vehicle sales, and safety installations per vehicle, are fuelling the demand for automotive tire pressure monitoring system globally.

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Copyright Š 2018 Market Research Future.

Tire Pressure Monitoring System Research Report- Forecast To 2023

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Copyright Š 2018 Market Research Future.