DUBLIN--(BUSINESS WIRE)--May 14, 2018--The "Global Automotive Tire Pressure Monitoring System (TPMS) Market - Segmented by Type, End-User, Vehicle Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The market is expected to register a CAGR of 15.23% during the forecast period.

North America was the largest market in 2017, accounting for a share of over 39%, followed by the European countries and Asia-Pacific countries. TPMS is an electronic system designed to provide real-time information about tire pressure by monitoring the air pressure inside the tires.

In terms of technology, TPMS is classified into two categories: direct TPMS and indirect TPMS. Direct TPMS provides real-time information on the tire pressure by using pressure monitoring sensors in the tires. As a result, automobile manufacturers are shifting their focus to the use of direct TPMS sensors to improve safety of consumers.

Functional errors as a result of the failure of electronic sensors use of defective sensors and battery failure result in the failure of TPMS, resulting in accidents. For instance, unexpected turning off of the ignition disables the engine, and thus, the TPMS system. These functionality errors deter consumers from placing faith in such types of new technology. Awareness of TPMS among consumers has been low in the past, and the only installations have been in OEM-fitted vehicles.

Companies Mentioned

Continental Pacific Industrial Schrader Electronics Denso ALLIGATOR Ventilfabrik GmbH Advantage PressurePro Enterprises Inc. Alps Electric Co. Ltd. Bartec Bendix Commercial Vehicle Systems LLC Delphi Automotive LLP Dill Air Control Products Freescale Semiconductor Doran Manufacturing LLC Takata Hella Huf Electronics Bretten GmbH Omron Valeo ZF TRW Valor TPMS

Key Topics Covered:

1. Introduction

2. Research methodology

3. Executive Summary

4. Key Inferences

5. Market Overview and Trends

6. Global Automotive TPMS Market Segmentation, By Type

7. Global Automotive TPMS Market Segmentation, By End-User

8. Global Automotive TPMS Market Segmentation, By Vehicle

9. Global Automotive TPMS Market Segmentation, By Geography

10. Competitive Landscape

11. Company Profiles

12. Future Outlook of the Market

13. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/w92f8r/global_automotive?w=4

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Related Topics:Automotive Safety

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE TIRES & RUBBER

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/14/2018 07:19 AM/DISC: 05/14/2018 07:19 AM

http://www.businesswire.com/news/home/20180514005578/en