Persistence Market Research is released upcoming report on title "Tire Pressure Monitoring Systems (TPMS) Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 12/23/2014 -- A tire pressure monitoring system is an electronic device used to monitor the air pressure inside the pneumatic tires on several types of vehicles. TPMS gives the real-time tire pressure information to the driver of the vehicle through a pictogram display and a simple low pressure warning light. In the recent scenario, automotive safety systems have become more advanced, sophisticated and efficient. Increased adoption rate of automotive safety systems by the automotive industry resulted in the reduced number of accidents and lowers the impact of accidents on people. Tire Pressure Monitoring Systems have played an important role in achieving these targets (lowers traffic accidents due to under-inflated tires by early recognition of the malfunction of tires and reducing rolling resistance thus increasing overall fuel efficiency), where these systems have made vehicles safer for people.
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TPMS can be classified into two different types: direct tire pressure monitoring system and indirect tire pressure monitoring system. Direct tire pressure monitoring system use pressure sensors on each tire, either internal or external and these pressure sensors physically measure the tire pressure in each tire and report it to the electronic device fitted in the vehicle. It also measure and alert temperatures of the tire. Most originally fitted direct TPMS have the sensors mounted on the inside of the rims and the batteries are not exchangeable. To change a battery the whole sensor has to be replaced and the exchange is possible only with the tires dismounted; the lifetime of the battery thus becomes a crucial parameter. For prolong battery life, many direct TPMS sensors do not transmit information when not rotating. On the other hand, indirect tire pressure monitoring systems do not use physical pressure sensors to measure air pressure. Indirect TPMS measure air pressures by monitoring individual wheel rotational speeds and other signals available outside of the tire itself. The absolute pressure values cannot be measure or display with indirect TPMS. They are relative by nature and have to be reset by the driver once the tires are checked and all
pressures adjusted correctly. The reset can be done either by a physical button or in a menu of the on-board computer. Indirect TPMS are more sensitive to the influences of different tires and external influences like road surfaces and driving speed or style as compared to direct TPMS. As indirect TPMS do not involve any additional hardware, spare parts, electronic or toxic waste as well as service (beyond the regular reset), they are regarded as easy to handle and very customer friendly.
North America is the largest market for tire pressure monitoring system, followed by Europe and Asia Pacific. Increasing demand for luxury cars in the regions like Europe and Asia Pacific, mainly in China, India and Japan, is expected to drive the tire pressure monitoring system market.
Some of the major drivers contributing the overall market growth of tire pressure monitoring system include increased safety awareness, technological advancement and legislations.
Some of the major companies operating in the tire pressure monitoring system market include Angotan, Ave Technology Inc, General Electric, Bartec USA LLC, Schrader Electronics and Victon.
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Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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