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Automotive TPMS Market Trends and Forecast
The future of the global automotive TPMS market looks promising with opportunities in in the passenger car and light commercial vehicle. The global automotive TPMS market is expected to reach an estimated $6.5 billion by 2027 at a CAGR of 10.3% from 2021 to 2027. The major drivers of growth for this market are increasing passenger car production and government regulations on vehicle safety systems.
-Market.JPG "Automotive TPMS Market by Product Type, Vehicle Type, and End User")
Emerging Trends in the Automotive TPMS Market
Emerging trends, which have a direct impact on the dynamics of the industry, include development of universal TPMS sensor and introduction of integrated direct TPMS.
A total of 116 figures / charts and 82 tables are provided in this 169-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global automotive TPMS market report, please download the report brochure.
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Automotive TPMS Market by Segments
Lucintel forecasts that direct TPMS segment will remain the largest segment by product type and expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global automotive TPMS market by product type, vehicle type, end user, and region, as follows:
Automotive TPMS Market by Product Type [Value ($ Million) and Volume (Million Sets) from 2016 to 2027]:
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Direct TPMS
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Indirect TPMS
Automotive TPMS Market by Vehicle Type [Volume (Million Sets) from 2016 to 2027]:
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Small Car
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Mid-size Car
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Large Car
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Sports/Unclassified
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Light Commercial Vehicle
Automotive TPMS Market by End User [Value ($ Million) and Volume (Million Units) from 2016 to 2027]:
Automotive TPMS Market by Region [Value ($ Million) and Volume (Million Units) from 2016 to 2027]:
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North America
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Europe
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Asia Pacific
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The Rest of the World
List of Automotive TPMS Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive TPMS companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive TPMS companies profiled in this report includes.
Automotive TPMS Market Insights
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Lucintel forecasts that direct TPMS segment will remain the largest region and is expected to witness the highest growth over the forecast period as these systems are more capable of meeting the stringent NHTSA requirements.
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North America is expected to remain the largest market due to high penetration of TPMS in passenger car and light commercial vehicle, whereas Asia Pacific is expected to witness significant growth over the forecast period because of government regulations which will enforce TPMS in all passenger cars in China and India.
Features of the Global Automotive TPMS Market
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Market Size Estimates: Global automotive TPMS market size estimation in terms of value ($B) and volume (million sets) shipment.
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Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments.
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Segmentation Analysis: Global automotive TPMS market size by various segments, such as by product type and end user in terms of value and volume.
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Regional Analysis: Global automotive TPMS market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
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Growth Opportunities: Analysis of growth opportunities in different segments by product, vehicle type, end user, and regions for the global automotive TPMS market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global automotive TPMS market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model
FAQ
Q1. What is the automotive TPMS market size?
Answer: The global automotive TPMS market is expected to reach an estimated $6.5 billion by 2027.
Q2. What is the growth forecast for automotive TPMS market?
Answer: The automotive TPMS market is expected to grow at a CAGR of 10.3% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the automotive TPMS market?
Answer: The major drivers for this market are increasing passenger car production and government regulations on vehicle safety systems.
Q4. What are the major vehicle type or end use industries for automotive TPMS?
Answer: Mid-size car is the major segment by vehicle type for automotive TPMS.
Q5. What are the emerging trends in automotive TPMS market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include development of universal TPMS sensor and introduction of integrated direct TPMS.
Q6. Who are the key automotive TPMS companies?
Answer: Some of the key automotive TPMS companies are as follows:
Q7. Which automotive TPMS segment will be the largest in future?
Answer: Lucintel forecasts that direct TPMS segment will remain the largest region and is expected to witness the highest growth over the forecast period as these systems are more capable of meeting the stringent NHTSA requirements.
Q8. In automotive TPMS market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest market due to high penetration of TPMS in passenger car and light commercial vehicle, whereas Asia Pacific is expected to witness significant growth over the forecast period because of government regulations which will enforce TPMS in all passenger cars in China and India.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising growth opportunities for the global automotive TPMS market by product type (Direct and Indirect TPMS), vehicle type (Small car, Mid-size car, Large car, Sports/Unclassified and Light Commercial Vehicle), end user (OEM and Aftermarket), and region (North America, Europe, APAC and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M&A activity has occurred in the last five years?