Tire Pressure Monitoring System (TPMS), as the name suggests, is used for monitoring temperature and air pressure for the tire of the vehicle, thereby displaying real-time temperature and pressure on-screen. This does alert the driver in case of any risk regarding pressure change on the automobile’s tire. The major advantages include decreased number of mishaps along with better durability of the tires, fuel mileage, and proper handling of vehicles. At the same time, care needs to be taken to see that air pressure doesn’t go below 25% according to a prescribed limit. Persistence Market Research has walked through these facts with probable steps to be taken in its latest market study entitled “TPMS Battery Market”.
How is the TPMS Battery market categorized?
The global TPMS battery market, by type of battery, spans CR-type batteries (CR 2032, CR 2430, and CR 2320) and BR-type batteries. BY capacity, it’s above 350 mA and up to 350 mA. By type, it’s lithium-ion and nickel metal hydride. By sales channel, it’s OES (Original Equipment Supplier) and IAM (Independent Aftermarket). By distribution channel, it’s online sales and offline sales. Persistence Market Research has entailed these findings with future perspectives in its latest market study entitled “TPMS Battery Market”.
North America holds more than 30% of the market share. This could be attributed to an increase in sales revenue for TPMS batteries all across the US. Europe is going steady herein. However, the Asia-Pacific is expected to grow at the fastest rate in the TPMS battery market with countries like China, Japan, and India leading from the front. Persistence Market Research has, through its team of analysts and consultants, given a detailed analysis of these facts with insights in its latest market study entitled “TPMS Battery Market”.
Persistence Market Research has entailed the key participants in the TPMS battery market as Murata Manufacturing Co., Ltd., Panasonic Corporation, Maxell, Ltd., Duracell Inc., The Swatch Group (Renata SA), BE-POWER GmbH, EVE Energy Co., Ltd., Guangzhou Mai Sheng Energy Technology Co. Ltd., and likewise. It has also mentioned the latest developments on this count. For instance – Bridgestone and Microsoft have entered into a collaboration to manufacture the new-fangled monitoring systems to detect the issues of tire damage, that too, on a real-time basis using the MCVP (Microsoft Connected Vehicle Platform) cloud framework. It would go on to detect events affecting the tire’s surface through algorithms and the hardware installed.
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The Way Ahead
The global TPMS Battery market is bound to grow with ebullience in the next 10 years – Persistence Market Research