Welcome!

News Feed Item

Tire Pressure Monitoring Systems - Market Drivers and Forecast from Technavio

Technavio analysts forecast the global tire pressure monitoring systems (TPMS) market to grow at a CAGR of close to 15% during the forecast period, according to their latest report.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161201005038/en/

Technavio publishes a new market research report on the global tire pressure monitoring system (TPMS ...

Technavio publishes a new market research report on the global tire pressure monitoring system (TPMS) market from 2016-2020. (Photo: Business Wire)

The research study covers the present scenario and growth prospects of the global tire pressure monitoring systems market for 2016-2020. The market size is determined based on factory fitment and aftermarket.

The growing popularity of TPMS among fleet managers is a key trend observed, leading to large-scale opportunity in the commercial vehicle space. “The increased emphasis on preventive maintenance is an effort to optimize the total cost of ownership among fleet managers, which will fuel the segment's growth. In terms of passenger cars, we expect this technology to hit high volume entry level cars by the end of forecast period,” says Siddharth Jaiswal, a lead analyst at Technavio for research on automotive electronics.

Request a sample report: http://www.technavio.com/request-a-sample?report=54717

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio analysts highlight the following three factors that are contributing to the growth of the global tire pressure monitoring systems market:

  • Reduction in fuel consumption and carbon emissions from vehicles
  • Strict government mandates to curb vehicular emissions and increase fuel efficiency
  • TPMS form a part of rapidly growing ADAS market

Reduction in fuel consumption and carbon emissions from vehicles

Advance automotive technologies are aimed at making the driving experience safer, comfortable, and convenient in addition to making them eco-friendly in nature. Rolling resistance from tires plays a crucial role in delivering the optimum fuel efficiency and level of exhaust emission from the vehicle. It has been found that low pressure in the tire leads to high rolling resistance. According to industry experts, with every 1 bar pressure drop in the tire from the stipulated value, the rolling resistance of tire increases by 20%-25% in passenger cars. A higher rolling resistance leads to increased fuel consumption by the engine, which results in significant reduction of the vehicle’s fuel efficiency.

The need for a device that can monitor the tire pressure continuously becomes crucial for optimum fuel efficiency and lower emissions. TPMS is one of those systems that can continuously monitor tire pressure to increase fuel efficiency can help reduce the exhaust emission from the vehicles by 0.6%-0.9%, which may arise due to under inflated tires.

Strict government mandates to curb vehicular emissions and increase fuel efficiency

The governments and automotive governing councils of various nations worldwide are encouraging the use of advanced systems and technologies that can help in reduction of vehicular emissions for a cleaner and healthier environment. In addition to these, governments of many countries have enforced various rules and initiatives that are aimed at the use of energy-efficient technologies. Gauging at the consequences of greenhouse effects and deteriorating air quality with increased vehicular emissions worldwide, the governments of various economies have mandated emission standards to be followed by the automakers.

Siddharth says, “Increased government’s thrust to conform to emission norms and the establishment of several vehicle safety initiatives have promoted the use of advanced systems such as TPMS in vehicles.”

TPMS form a part of rapidly growing ADAS market

As TPMS form a key feature of the overall ADAS suite in vehicles, we can justify the correlation between ADAS and TPMS markets. Hence, it is imperative to understand the market for ADAS and derive a consensus, should the penetration of ADAS increase the demand for TPMS at the same pace.

ADAS essentially consist of sub-systems and features that work independently. These features are combined to provide assistance, which not only ensures safety but also comfort and convenience to drivers of modern day vehicles. The inception of this technology can be attributed to the constantly tightening safety regulations that pushed the automotive value chain to develop technologies that could not just satisfy the regulatory requirements but also prove helpful in gaining a competitive advantage in the form of product differentiators.

Browse Related Reports:

Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We analyze the video streaming experience. We are gathering the user behavior in real time from the user devices and we analyze how users experience the video streaming," explained Eric Kim, Founder and CEO at Streamlyzer, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"This is specifically designed to accommodate some of the needs for high availability and failover in a network managed system for the major Korean corporations," stated Thomas Masters, Managing Director at InfranicsUSA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.