Tire Pressure Monitoring System Tpms Market
Tire Pressure Monitoring System (TPMS) Market Forecasts to 2030 - Global Analysis By Type (Direct Tire Pressure Monitoring System and Indirect Tire Pressure Monitoring System), Component (Electronic Control Units, Sensors and System Software), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles and Heavy Commercial Vehicles), Propulsion, Sales Channel and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $6.50 BN |
|
Projected Year Value (2030) |
US $13.17 BN |
|
CAGR (2023 - 2030) |
10.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Tire Pressure Monitoring System (TPMS) Market is accounted for $6.50 billion in 2023 and is expected to reach $13.17 billion by 2030 growing at a CAGR of 10.6% during the forecast period. A tire pressure monitoring system (TPMS) is an electronic component used in automobiles that uses sensors linked to the wheel speed sensors of ABS and ESC systems to measure the pressure in a tire. It helps improve fuel efficiency, alerts the driver when the tires are under or overinflated, and might even stop a tire blowout.
According to a World Health Organization report released in 2021, nearly 1.3 million people die each year in road accidents.
Market Dynamics:
Driver:
Growing use of accident prevention safety systems
The frequent occurrence of car accidents has compelled manufacturers, consumers, and other stakeholders to modify and enhance the safety features in the vehicle to prevent harm and causality by focusing on the advancement of automotive vehicles with the installation of new safety features. This has led to ongoing research and development into the problem and the creation of less significant, supplementary designs and systems, which have increased the installation of such sensor systems and driven the industry.
Restraint:
High installation fees and replacement costs
The high cost of replacement sensors for TPMS products could limit market expansion. Consumers would have to replace all four sensors, which could be a hassle and restrict market growth if the sensor battery on one tire dies, as it is likely that the sensors on the other three tires are also nearing failure. Additional expenses like installation fees and tire balancing tasks add additional costs and functions for the customer, which can cause them to put off installing the sensors or avoid having them reinstalled, which could pose a safety risk and put the industry at a standstill, which are hindering the market growth.
Opportunity:
Technological advancements
The majority of manufacturing businesses use automation to boost output and revenue. Rapid technological advancements in the related component sector, such as the tire pressure monitoring system, are expected to spur growth in the automotive tire market. Major tire component producers are also using software, nanotechnology, and other innovations to develop a range of advanced tire subsystems.
Threat:
Software issues involving sensors
Built-in computer systems and sensors improve the driving experience, but if they are improperly managed or outdated, they can result in serious accidents and injuries. Depending on the location and manner of an automotive software failure, passengers may be in grave danger of suffering a catastrophic injury. Additionally, software errors and failed vital auto systems can result in accidents. Tire pressure monitoring system performance is negatively impacted by automotive software and sensor failure, which in turn restrains the market's expansion for such systems.
Covid-19 Impact
The tire pressure monitoring systems market has been significantly impacted by COVID-19. Governments all over the world were forced by the COVID-19 outbreak to impose strict lockdowns and forbid the import and export of goods used as raw materials during this time. This caused the availability of crucial raw materials for vehicle components to suddenly decline. The COVID-19 pandemic severely disrupted supply chains and production schedules, which had an adverse effect on automotive production and sales, which in turn had an adverse effect on the market for tire pressure monitoring systems.
The passenger vehicles segment is expected to be the largest during the forecast period
Due to the rising demand for passenger vehicles around the world, the passenger vehicle segment is expected to be the largest during the forecast period. The market value is being driven by the growing level of consumer awareness about health and safety products. Moreover, the rising adoption of technologically advanced products and the rising purchasing power of consumers in emerging economies both contribute to the segment's expansion.
The original equipment manufacturer (OEM) segment is expected to have the highest CAGR during the forecast period
In the anticipated timeframe, it is expected that the original equipment manufacturer (OEM) segment will experience significant growth. The market value is being supported by OEMs investing in products that can offer consumers greater safety. Additionally, established and up-and-coming manufacturers are creating new revenue streams in target nations like Europe and India by forging long-term partnerships with OEMs, which is further boosting the segment's growth.
Region with largest share:
During the forecast period, the Asia-Pacific region is anticipated to dominate the global market. This is attributed to various technological advancements in the area as well as advanced driver assistance systems (ADASs) for increased road safety. Due to the rising disposable income in the region's major economies, including China and India, the region is growing especially quickly. The market value is being further accelerated by consumers' growing awareness of safety products.
Region with highest CAGR:
The tire pressure monitoring system market is expected to grow at the highest rate in Europe. Owing to the accessibility of cutting-edge technology, government support for the expansion of advanced technology, and population purchasing power. Additionally, the UK tire pressure monitoring system market is expanding at the fastest rate in the European region, while the German tire pressure monitoring system market has the largest market share.
Key players in the market
Some of the key players profiled in the Tire Pressure Monitoring System (TPMS) Market include Alligator Ventilfabrik GmbH, ATEQ, Bartec USA LLC, Bendix Commercial Vehicle Systems LLC, Continental AG, Delphi Automotive LLP., Denso Corporation, Hampton Automotive Technology Co. Ltd, Hella KGaA, Hueck & Co, Hitachi Automotive Ltd, Huf Hülsbeck & Fürst GmbH & Co. KG, LG Innotek, Nira Dynamics AB, NXP Semiconductors N.V., Pacific Industrial Co. Ltd., Robert Bosch GmbH, Sensata Technologies Inc., The Goodyear Tire & Rubber Company, WABCO Holdings, Inc and ZF Friedrichshafen AG.
Key Developments:
In April 2023, Tire manufacturer Continental has opened its new Solution Center in Lousado, Portugal. The new Solution Center in Portugal Boosts Expertise in Digital Business Models and Tire Solutions.
In November 2022, ATEQ TPMS Tools, LC, leader of TPMS Tool solutions for the OE, Industrial and Aftermarket industries announced ahead of SEMA that the VT67 TPMS Diagnostic and Tire Management Tablet will be capable of reading and programming the Tesla BLE sensor.
In April 2023, New TPMS Mechanical Tool Kit Launched. The TPMS Mechanical Tool Kit contains the necessary tools for dealing with the various TPMS fasteners. TPMS Sensors contain replaceable wear items and fasteners all requiring specific torque when assembling.
Types Covered:
• Direct Tire Pressure Monitoring System
• Indirect Tire Pressure Monitoring System
Components Covered:
• Electronic Control Units
• Sensors
• System Software
Vehicle Types Covered:
• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Propulsions Covered:
• Alternate fuel Vehicle
• Electric and Hybrid
• Internal Combustion Engine (ICE)
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Tire Pressure Monitoring System (TPMS) Market, By Type
5.1 Introduction
5.2 Direct Tire Pressure Monitoring System
5.3 Indirect Tire Pressure Monitoring System
6 Global Tire Pressure Monitoring System (TPMS) Market, By Component
6.1 Introduction
6.2 Electronic Control Units
6.3 Sensors
6.4 System Software
7 Global Tire Pressure Monitoring System (TPMS) Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Vehicles
7.3 Light Commercial Vehicles
7.4 Heavy Commercial Vehicles
8 Global Tire Pressure Monitoring System (TPMS) Market, By Propulsion
8.1 Introduction
8.2 Alternate fuel Vehicle
8.3 Electric and Hybrid
8.4 Internal Combustion Engine (ICE)
9 Global Tire Pressure Monitoring System (TPMS) Market, By Sales Channel
9.1 Introduction
9.2 Original Equipment Manufacturer (OEM)
9.3 Aftermarket
10 Global Tire Pressure Monitoring System (TPMS) Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Alligator Ventilfabrik GmbH
12.2 ATEQ
12.3 Bartec USA LLC
12.4 Bendix Commercial Vehicle Systems LLC
12.5 Continental AG
12.6 Delphi Automotive LLP.
12.7 Denso Corporation
12.8 Hampton Automotive Technology Co. Ltd
12.9 Hella KGaA Hueck & Co
12.10 Hitachi Automotive Ltd
12.11 Huf Hülsbeck & Fürst GmbH & Co. KG
12.12 LG Innotek
12.13 Nira Dynamics AB
12.14 NXP Semiconductors N.V.
12.15 Pacific Industrial Co. Ltd.
12.16 Robert Bosch GmbH
12.17 Sensata Technologies Inc.
12.18 The Goodyear Tire & Rubber Company
12.19 WABCO Holdings, Inc
12.20 ZF Friedrichshafen AG
List of Tables
1 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Region (2021-2030) ($MN)
2 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Type (2021-2030) ($MN)
3 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Direct Tire Pressure Monitoring System (2021-2030) ($MN)
4 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Indirect Tire Pressure Monitoring System (2021-2030) ($MN)
5 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Component (2021-2030) ($MN)
6 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Electronic Control Units (2021-2030) ($MN)
7 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Sensors (2021-2030) ($MN)
8 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By System Software (2021-2030) ($MN)
9 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Vehicle Type (2021-2030) ($MN)
10 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
11 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Light Commercial Vehicles (2021-2030) ($MN)
12 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Heavy Commercial Vehicles (2021-2030) ($MN)
13 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Propulsion (2021-2030) ($MN)
14 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Alternate fuel Vehicle (2021-2030) ($MN)
15 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Electric and Hybrid (2021-2030) ($MN)
16 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Internal Combustion Engine (ICE) (2021-2030) ($MN)
17 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Sales Channel (2021-2030) ($MN)
18 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Original Equipment Manufacturer (OEM) (2021-2030) ($MN)
19 Global Tire Pressure Monitoring System (TPMS) Market Outlook, By Aftermarket (2021-2030) ($MN)
20 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Country (2021-2030) ($MN)
21 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Type (2021-2030) ($MN)
22 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Direct Tire Pressure Monitoring System (2021-2030) ($MN)
23 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Indirect Tire Pressure Monitoring System (2021-2030) ($MN)
24 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Component (2021-2030) ($MN)
25 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Electronic Control Units (2021-2030) ($MN)
26 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Sensors (2021-2030) ($MN)
27 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By System Software (2021-2030) ($MN)
28 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Vehicle Type (2021-2030) ($MN)
29 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
30 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Light Commercial Vehicles (2021-2030) ($MN)
31 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Heavy Commercial Vehicles (2021-2030) ($MN)
32 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Propulsion (2021-2030) ($MN)
33 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Alternate fuel Vehicle (2021-2030) ($MN)
34 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Electric and Hybrid (2021-2030) ($MN)
35 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Internal Combustion Engine (ICE) (2021-2030) ($MN)
36 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Sales Channel (2021-2030) ($MN)
37 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Original Equipment Manufacturer (OEM) (2021-2030) ($MN)
38 North America Tire Pressure Monitoring System (TPMS) Market Outlook, By Aftermarket (2021-2030) ($MN)
39 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Country (2021-2030) ($MN)
40 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Type (2021-2030) ($MN)
41 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Direct Tire Pressure Monitoring System (2021-2030) ($MN)
42 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Indirect Tire Pressure Monitoring System (2021-2030) ($MN)
43 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Component (2021-2030) ($MN)
44 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Electronic Control Units (2021-2030) ($MN)
45 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Sensors (2021-2030) ($MN)
46 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By System Software (2021-2030) ($MN)
47 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Vehicle Type (2021-2030) ($MN)
48 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
49 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Light Commercial Vehicles (2021-2030) ($MN)
50 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Heavy Commercial Vehicles (2021-2030) ($MN)
51 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Propulsion (2021-2030) ($MN)
52 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Alternate fuel Vehicle (2021-2030) ($MN)
53 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Electric and Hybrid (2021-2030) ($MN)
54 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Internal Combustion Engine (ICE) (2021-2030) ($MN)
55 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Sales Channel (2021-2030) ($MN)
56 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Original Equipment Manufacturer (OEM) (2021-2030) ($MN)
57 Europe Tire Pressure Monitoring System (TPMS) Market Outlook, By Aftermarket (2021-2030) ($MN)
58 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Country (2021-2030) ($MN)
59 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Type (2021-2030) ($MN)
60 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Direct Tire Pressure Monitoring System (2021-2030) ($MN)
61 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Indirect Tire Pressure Monitoring System (2021-2030) ($MN)
62 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Component (2021-2030) ($MN)
63 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Electronic Control Units (2021-2030) ($MN)
64 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Sensors (2021-2030) ($MN)
65 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By System Software (2021-2030) ($MN)
66 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Vehicle Type (2021-2030) ($MN)
67 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
68 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Light Commercial Vehicles (2021-2030) ($MN)
69 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Heavy Commercial Vehicles (2021-2030) ($MN)
70 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Propulsion (2021-2030) ($MN)
71 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Alternate fuel Vehicle (2021-2030) ($MN)
72 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Electric and Hybrid (2021-2030) ($MN)
73 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Internal Combustion Engine (ICE) (2021-2030) ($MN)
74 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Sales Channel (2021-2030) ($MN)
75 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Original Equipment Manufacturer (OEM) (2021-2030) ($MN)
76 Asia Pacific Tire Pressure Monitoring System (TPMS) Market Outlook, By Aftermarket (2021-2030) ($MN)
77 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Country (2021-2030) ($MN)
78 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Type (2021-2030) ($MN)
79 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Direct Tire Pressure Monitoring System (2021-2030) ($MN)
80 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Indirect Tire Pressure Monitoring System (2021-2030) ($MN)
81 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Component (2021-2030) ($MN)
82 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Electronic Control Units (2021-2030) ($MN)
83 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Sensors (2021-2030) ($MN)
84 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By System Software (2021-2030) ($MN)
85 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Vehicle Type (2021-2030) ($MN)
86 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
87 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Light Commercial Vehicles (2021-2030) ($MN)
88 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Heavy Commercial Vehicles (2021-2030) ($MN)
89 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Propulsion (2021-2030) ($MN)
90 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Alternate fuel Vehicle (2021-2030) ($MN)
91 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Electric and Hybrid (2021-2030) ($MN)
92 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Internal Combustion Engine (ICE) (2021-2030) ($MN)
93 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Sales Channel (2021-2030) ($MN)
94 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Original Equipment Manufacturer (OEM) (2021-2030) ($MN)
95 South America Tire Pressure Monitoring System (TPMS) Market Outlook, By Aftermarket (2021-2030) ($MN)
96 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Country (2021-2030) ($MN)
97 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Type (2021-2030) ($MN)
98 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Direct Tire Pressure Monitoring System (2021-2030) ($MN)
99 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Indirect Tire Pressure Monitoring System (2021-2030) ($MN)
100 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Component (2021-2030) ($MN)
101 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Electronic Control Units (2021-2030) ($MN)
102 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Sensors (2021-2030) ($MN)
103 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By System Software (2021-2030) ($MN)
104 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Vehicle Type (2021-2030) ($MN)
105 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Passenger Vehicles (2021-2030) ($MN)
106 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Light Commercial Vehicles (2021-2030) ($MN)
107 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Heavy Commercial Vehicles (2021-2030) ($MN)
108 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Propulsion (2021-2030) ($MN)
109 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Alternate fuel Vehicle (2021-2030) ($MN)
110 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Electric and Hybrid (2021-2030) ($MN)
111 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Internal Combustion Engine (ICE) (2021-2030) ($MN)
112 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Sales Channel (2021-2030) ($MN)
113 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Original Equipment Manufacturer (OEM) (2021-2030) ($MN)
114 Middle East & Africa Tire Pressure Monitoring System (TPMS) Market Outlook, By Aftermarket (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
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The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
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