Allied Market Research

2024

Indirect Tire Pressure Monitoring System Market

Indirect Tire Pressure Monitoring System Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology, by Vehicle Type and by Sales Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

AT : Safety and Security Systems

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Author's: | Lalit Janardhan Katare
Publish Date:

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Indirect Tire Pressure Monitoring System Market Outlook – 2027 

Indirect tire pressure monitoring system (TPMS) is an electronic component which does not use an air pressure sensor inside the tires. However, the TPMS detects a low tire pressure by comparing relative wheel speed with the help of anti-lock braking system (ABS) wheel sensor. Furthermore, an indirect TPMS is considerably less sensitive when compared to direct system which ¬actually monitors the air pressure inside the tire. An indirect TPMS is relatively ¬affordable when an ABS is already installed on the vehicle. Moreover, low air-pressure of an automobile tire has a negative impact on tire life, safety, mileage and performance of the vehicle. Thereby, properly inflated tires help in reducing the number of accidents which are caused by poor condition of tires. Therefore, rise in innovative technology to detect low-air pressure in vehicles is expected to boost the market growth for the indirect tire pressure monitoring system.

COVID-19 scenario Analysis: 

  • A major disruption has been experienced by the indirect tire pressure monitoring system manufacturers owing to the covid-19 pandemic which in turn has caused all the production and installation process to be disrupted.
  • Global indirect tire pressure monitoring system is an evolving sector which is hampered due to coronavirus which in turn has caused low liquidity and cash flow problems for the indirect tire pressure monitoring system manufacturers across the affected countries owing to the pandemic.
  • The vendors in tire pressure monitoring industry across the globe is affected severely due to the restrictions on producers as well as the declared lockdowns which in turn affects the global indirect tire pressure monitoring system manufacturers worldwide.
  • As the governments all over the world have declared lockdowns over the past few months, a major deviation in the demand and supply cycle network is witnessed for global indirect tire pressures monitoring system manufacturers.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Stringent government regulations regarding safety & security such as compulsion for manufacturers to equip the vehicles with a TPMS, growth in global automotive industry and rise in travel frequency are driving the growth of the market. However, lack of road maintenance and increasing deterioration due to climatic changes & unsafe driving conditions is expected to hamper the growth of the market. Contrarily, increasing penetration of tire pressure monitoring systems in automobiles across the globe can be seen as an opportunity for the market investments.

The indirect tire pressure monitoring systems market trends are as follows:

Stringent government regulations regarding safety and security

Rise in travelling frequencies due to rapid urbanization and changing lifestyles has increased the demand for indirect tire pressure monitoring systems. Various strict government regulations were introduced which control the need to check vehicular emissions and increment the fuel efficiency which drives the growth for the tire pressure monitoring systems (TPMS) market. For instance, government policies & regulations such as compulsion for producers to equip every four-wheeler with a TPMS sensor which has majorly helped in the growth of global tire pressure monitoring system market. Furthermore, a subsequent increase in the number of accidents is experienced due to the malfunction of the indirect TPMS sensor. Moreover, Indian roads are branded to be one of the most dangerous roads in the world & are prone to fatal accidents where people are severely injured which require stringent law for better & enhanced TPMS. Therefore, the stringent government regulations’ regarding safety and security is anticipated to boost the market growth for the global indirect tire pressure monitoring system.

Key benefits of the report:

  • This study presents the analytical depiction of the indirect tire pressure monitoring systems industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the indirect tire pressure monitoring systems market.
  • The current market is quantitatively analyzed to highlight the indirect tire pressure monitoring systems market growth scenario.
  • We can also determine TPMS will remain a significant revenue shareholder in the global indirect tire pressure monitoring systems market through the predictable future.

Questions answered in the global indirect tire pressure monitoring systems market research report:

  • Which are the leading market players active in the global indirect tire pressure monitoring systems market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

Indirect Tire Pressure Monitoring System Market Report Highlights

Aspects Details
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By Technology
  • Conventional Tire Pressure Monitoring System
  • Intelligent Tire Pressure Monitoring System
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By Vehicle Type
  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
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By Sales Channel
  • Original Equipment Manufacturer (OEM)
  • After market
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By Region
  • North America  (US, Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, rest of Asia-Pacific)
  • LAMEA  (Brazil, Turkey, Saudi Arabia, South Africa, rest of LAMEA)
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Key Market Players

HufHülsbeck&FürstCo, Sensata Technologies Inc., Delphi Automotive LLP, AVE technologies, ZF Friedrichshafen AG, Pacific Industrial Co. Ltd, Bartec USA LLC, Continental AG, DUNLOP TECH, Schrader Electronics

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Indirect Tire Pressure Monitoring System Market

Global Opportunity Analysis and Industry Forecast, 2023-2032