The Tire pressure Monitoring System market in terms of value is projected to grow $5.6 Billion and Lane Departure Warning system market to grow $8.4 Billion by 2019 at a healthy CAGR of 16.3% and 20.2 % respectively from 2014 to 2019.
Dallas, TX -- (SBWIRE) -- 09/19/2014 -- The report “Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market for Passenger Cars - By Geography- Trends and Forecasts 2014-2019” classifies and defines the automotive TPMS and LDW safety systems market in terms of volume and value. The report highlights potential growth opportunities in the coming years as well as covers review of the – market drivers, restrains, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects w.r.t. automotive active safety systems market.
Browse 73 market tables and 48 figures spread through 291 slides sand in-depth TOC on "Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market for Passenger Cars - Trends and Forecasts 2014-2019"
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Asia-Pacific: Growing market for Tire Pressure Monitoring System (TPMS) and Lane departure warning (LDW) system
The Asia-Pacific region includes developing countries such as China, India, and Thailand. Factors such as adoption of safety regulations by governments/agenciesand the increasein the vehicle sales&safety installations per vehicles are accelerating the demand of automotive TPMS and LDW safety systems.Suppliers such as Denso Corporation (Japan), Omron Corporation (Japan), andTakata Corporation (Japan) are some of the dominant players in this region thatare anticipated to drive the demand for the automotive TPMS and LDW safety systems. Apart from these, the global players such as Robert Bosch (Germany), Continental AG(Germany), and Valeo (France) have their presence in the Asia-Pacific region, which is also expected to influence the market demand for automotive TPMS and LDW system.
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Europe: Established market for automotive Tire Pressure Monitoring System (TPMS) and Lane departure warning (LDW) system
In 2009, Europeexperienced aneconomic downturnthat affected many industries within the region and is currently in its recovery phase.As such, theautomotive TPMS and LDW safety system market is projected to show a stable growth rate for the period under study. Europe is the major market for TPMS and LDW systems and home to a number of automotive safety system suppliers such as Robert Bosch (Germany), Continental AG(Germany), Delphi Automotive (U.K.)and Valeo (France).
The Americas: Automotive Tire Pressure Monitoring System (TPMS) and Lane departure warning (LDW) system market shows healthy growth rate
The Americas region comprises the U.S., Mexico, Brazil, Canada, and others. Mexico and Brazil are the emerging economies in this segment. The United States New Car Assessment Program (US NCAP) is a flagship consumer information program of the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA). In the coming years,US NCAP will adjust its rating system to reflect the improvements in the safety features in the U.S. vehicles.This will make it more stringent for a vehicle to achieve top ratings, thus encouraging manufacturers to produce vehicles exceeding the minimum federal safety requirements. This is expected to positively affect the TPMS and LDW safety system market. Automotive safety systems suppliers such asRobert Bosch (Germany), Continental AG(Germany), TRW Automotive (U.S), Delphi Automotive (U.K), andTakata Corporation (Japan) have a major presence in the Americas region.
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