Global Automotive TPMS Market 2021-2026

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    GLOBAL AUTOMOTIVE TPMS MARKET

     

    INTRODUCTION

    The tyre pressure monitoring system (TPMS) in the vehicle is designed to alert if one or more tyres are substantially under-inflated, potentially resulting in dangerous driving conditions. The TPMS low tyre pressure indication is a yellow sign with an exclamation point that flashes on the dashboard instrument panel in the shape of a tyre cross-section (that resembles a horseshoe). Tire pressure monitoring systems (TPMS) are critical for increasing driver safety, fuel efficiency, and tyre longevity since they warn the driver when their tyres are underinflated.

     

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    Tire pressure monitoring systems (or TPMS) are used by automakers to monitor the air pressure in a vehicle’s tyres. The concept behind a TPMS is largely safety-related: underinflated tyres provide a less stable ride and are more prone to blowouts. The device can alert the driver to inflate the tyre (or tyres) to the correct levels by highlighting an “underinflation incident.” Sensors in the tyre or on the automobile provide data to one or more modules in the car. These modules are pre-programmed with a variety of acceptable scenarios. This is typically between 28 and 35 pounds per square inch (psi) of air in the tyre for direct tyre pressure monitoring.

     

    Tires are the vehicle’s single point of contact with the substrate; whether a vehicle can retain its direction of motion or halt before the barrier is dependent on them. Drivers frequently ignore the condition of their tyres and the value of the prevailing pressure in them. Changes in tyre air pressure have a major impact on driving comfort, fuel efficiency, and road safety (e.g. braking distance). For monitoring and informing the driver about the state of tire pressure in different types of monitoring systems of pressure are used.

     

     

    GLOBAL AUTOMOTIVE TPMS MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 MoRTH to Make Electronic Stability Control, Tyre Pressure Monitoring System Mandatory in India Soon Centre plans to implement several new international standards of vehicle emissions and safety, the Ministry of Road Transport and Highways said. According to the ministry, the Centre has embarked upon a transformational programme of implementing international standard emission and safety measures in transport vehicles Global This would enhance better Technologies and production

     

    GLOBAL AUTOMOTIVE TPMS MARKET DYNAMICS

    TPMS is most commonly used in the passenger car market, where tyre pressure control is seen as a crucial safety component. The automotive industry has been ramping up its efforts to provide technologies that decrease the effect of crashes, reduce deaths, and enhance overall vehicle safety, which will fuel the growth of the automotive TPMS market during the projected period.

     

    The Tire Pressure Monitoring System is projected to expand considerably as a result of several rigorous government laws and regulations that require the need to reduce vehicular emissions and improve automotive fuel economy. Many criteria are now being actively considered by vehicle makers. Many variables are required in the tyre pressure monitoring market currently, with the growth in demand for high-end automobiles, changing government laws, increasing economy, and environmental legislation. Over time, automotive systems have gotten more advanced and efficient, and this sector is leaning toward new technologies that will eventually play a major role in achieving a good target.

     

    Despite the weak growth rate of the passenger car category, the market for premium luxury automobiles in Asia-Pacific is anticipated to expand considerably. Luxury vehicles are anticipated to increase at an astronomical rate throughout the whole passenger vehicle category. With TPMS installed in the majority of these cars, the passenger vehicle category is positioned to considerably boost the market for automotive TPMS. TPMS is most commonly used in the passenger car market, where tyre pressure control is seen as a crucial safety component. The car industry has been ramping up its efforts to introduce systems that help in reducing the effect of crashes and fatalities.

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN GLOBAL AUTOMOTIVE TPMS MARKET

    Individual sensors within each tyre, as well as a full-size spare, are used by tyre pressure monitoring systems to relay data to a central control module. Internal pressure and temperature are measured by the sensors. The data received at the module is evaluated, and any problems with any of the tyres are sent to the vehicle information system, or low-pressure light, in the automobile. Most information is sent wirelessly in the form of a radio signal. While some aftermarket systems are installed outside the tyre, the majority of manufacturers utilise an inside-the-tire sensor.

     

    The Internet of Things (IoT) and cloud services are changing how tyre manufacturers think about their products and the future of their businesses, with Tire Pressure Monitoring Systems (TPMS) in particular being changed. Vehicular networking is an important IoT application that collects and exchanges data between automobiles (V-2-V) and road infrastructure (V-2-X), connects automotive and urban networks, and enables more intelligent and safe driving. It also has the potential to deliver numerous entertainment services to drivers and passengers, particularly once the driver is no longer necessary to concentrate on the road.

     

    There has also been latest development within the tool-based technology development within the TPMS market systems. Live Sensor is a brand-new, patent-pending technology that allows sensor data to be updated in real-time, allowing users to keep their tool up to date as new data is added. The Live Sensor platform is intended to be constantly updated. Direct TPMS sensors may even provide tyre temperature readings. The direct tyre pressure monitoring system delivers all of this data to a centralised control module, where it is processed, interpreted, and, if tyre pressure is low, relayed immediately to your dashboard, where an indication light glows. All of this information is often transmitted wirelessly by a direct tyre pressure monitor.

     

    COMPETITIVE LANDSCAPE

    The automotive industry is utilizing cutting-edge materials manufacturing technology to achieve its overarching goals of reducing vehicle mass to improve fuel economy, improving occupant safety and crash survivability, and increasing vehicle longevity through improved fatigue resistance and corrosion control. One critical step in the manufacture of AHSS is the fast heating of the steel to the high temperatures necessary to produce the austenitic phase transition. Induction heating looks to be a useful alternative to the traditional radiant tube technologies in these applications, owing to its compactness, low thermal inertia, and excellent dependability.

     

    Continental AG is part of the latest innovations within the Tyre Pressure Monitoring Systems in the global market. To gather data, the tyre sensor is attached to the inside liner of the tyre. Unlike wheel- or valve-mounted sensors, this placement ensures that temperature and pressure data are accurate and unaffected by external factors. It also safeguards the sensor from theft and damage, particularly in the case of curbing or sidewall abrasions, which can dislodge or harm a valve-mounted sensor.

     

    ContiPressureCheck Solo is Continental’s trailer tyre pressure monitoring system (TPMS). It alerts the driver in real time to tyre pressure concerns while keeping the trailer system totally independent from the tractor. It is designed to meet greenhouse gas emissions standards, offering fleets a cost-effective solution to reduce tire issues and stay compliant with pending regulation

     

    Denso Corporation is the part of the automotive OEM developers involved in generation of latest technology based TPMS of the automotive operations. TPMS PLUS is a connected, active monitoring system that goes beyond the benefits of traditional dashboard monitoring.

     

    Using Goodyear’s unique, fleet specific algorithms, TMPS Plus helps identify critical issues, inflation trends, and much more allowing you to be proactive instead of reactive.

     

    Yokohoma Rubber has introduced Intelligent Tire Pressure Monitoring System (Intelligent TPMS), which not only gauges the air pressure of tires, but also accurately identifies road conditions and tire motion across the road surface. Combined with sideslip prevention systems*, being installed on more and more vehicles, Intelligent TPMS can detect vehicle sideslips 0.2 seconds faster than existing systems – a difference of 11 meters of travel at a running speed of 100 kilometres per hour. Another advantage of the new system is the integration of tire pressure monitoring and sideslip prevention into a single system.

     

    COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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