Tire pressure monitoring system has, since its inception, enhanced the convenience of drivers and also helped in reducing the number of fatalities. Fuel mileage has also increased and tires are being rendered more durable. Persistence Market Research has walked through these facets with future prospects in its latest market study entitled “ire Pressure Monitoring Systems Market”.
How does the Tire Pressure Monitoring Systems Market disperse itself?
The global tire pressure monitoring systems market, by type, spans indirect and direct. BY type of vehicle, it’s passenger car, LCV (Light Commercial Vehicle), and HCV (Heavy Commercial Vehicle). BY sales channel, it’s aftermarket and OEM (Original Equipment Manufacturer). Persistence Market Research has enlisted these facts with future perspectives in its latest market study entitled “Tire Pressure Monitoring Systems Market”.
Europe holds the largest market share due to stringent rules imposed by the governments herein. North America is going steady with respect to tire pressure monitoring systems market. However, the Asia-Pacific is expected to grow at the fastest pace in the tire pressure monitoring market in the upcoming period. This could be attributed to countries like South Korea, Japan, and China leading from the front in this regard. Persistence Market Research has, through its line of expertise in the form of analysts and consultants, highlighted these findings with insights in its latest market study entitled “Tire Pressure Monitoring Systems Market”.
Persistence Market Research has entailed the key players in tire pressure monitoring systems market as ZF Friedrichshafen AG, Continental AG, Sensata Technologies, Inc., Denso Corporation, Pacific Industrial Co., Ltd., NXP Semiconductors, WABCO, Huf Hulsbeck & Furst GmbH & Co. KG, NIRA Dynamics AB, Bendix Commercial Vehicles Systems LLC, Dunlop Tech GmbH, Hamaton Automotive Technology Co., Ltd., Bartec USA LLC, ATEQ, and likewise.
Persistence Market Research has also gone further with mentioning about the key developments on this count. For instance – Bridgestone entered into collaboration with Microsoft to produce the new-fangled monitoring systems, which also hold the distinction of detecting issues related to damage of tires using MCVP (Microsoft Connected Vehicle Platform) cloud framework, that too, with sensors.
This will, as explained above, detect event affecting tire through algorithms and live data would get displayed on screen through installed hardware. Continental, in June 2022, did introduce a novel packaging design to cater to its subsequent generation of REDI-Sensor Multi-Application tire pressure monitoring systems market. Kraiburg Austria, in November 2021, did announce launching a web-based, novel tire pressure monitoring system termed as “TYLOGIC”, which does diagnose abrupt or gradual pressure loss, probable mechanical damage to the brakes or axles of truck, or illicit end of regular mileage of tire.
What’s with the Future?
The global tire pressure monitoring systems market is bound to grow on gracious grounds in the next 10 years – Persistence Market Research