Tire Pressure Monitoring Systems Market: Global Industry Analysis and Opportunity Assessment 2015-2025 by Future Market Insights

Global Tire Pressure
Monitoring Systems
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and
Forecast,
2015

Future Market Insights

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Report Description
Tires provide the basis for comfortable, safe and fuel efficient driving, if they are
maintained properly. It seems simple but without a tire pressure monitoring systems
(TPMS), drivers take tires for granted which results into damages and accidents. It is
estimated that properly maintained air pressure in the tires can reduce the number of
accidents caused by the speed and poor condition of tyres by almost 20%.
With demonstrated technology to successfully monitor tire pressure and caution drivers of
problems, regulations have emerged in basically every region to require carmakers to have
TPMS in almost every type of vehicle. TPMS is an electronic system intended to note the
air pressure inside the tires of every type of vehicles. TPMS gives the real time information
to the driver of the vehicle through a pictogram display. In recent scenario, automotive
safety systems have become advanced, sophisticated and efficient. Increasing adoption
rate for automotive safety systems such as TPMS has reduced the number of accidents and
lowers the impact of accidents on people.
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Tire Pressure Monitoring Systems Market: Drivers & Restraints
The main factors driving the demand for automotive TPMS are strict safety norms,
increasing health and safety awareness among consumers, technology advancement
andhigh disposable income. Agencies such as New Car Assessment Program (NCAP) are
also encouraging manufacturers by awarding safety ratings to cars based on safety
performance.

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Report Description
Growth in automotive safety systems market such as TPMS is...