North American and European Tire Pressure Monitoring System Growth Opportunities

North American and European Tire Pressure Monitoring System Growth Opportunities

Regulations Mandating Safety Assistance Features and the Impact of Connected Tire Telematics Technology Propel Growth

RELEASE DATE
15-Dec-2021
REGION
Global
Research Code: PC2F-01-00-00-00
SKU: AU02265-GL-MT_26089
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Description

The tire pressure monitoring system (TPMS) has been a part of vehicles’ active safety assistance features for over a decade because it improves vehicle performance and safety. TPMS is essential to monitor tire condition parameters such as inflation pressure, temperature, tire wear, and vehicle performance parameters (e.g., fuel economy, safety, and comfort). Abnormal inflation pressures can endanger passengers and vehicles if left unchecked. Due to TPMS’ benefits, North America and Europe identified it as a critical safety assistance feature. Both regions have regulated and mandated TPMS in all production vehicles from 2007 (North America) and 2014 (Europe).

Based on the sensing technology type, Frost & Sullivan broadly classifies TPMS as direct TPMS (dTPMS) and indirect TPMS (iTPMS). This study identifies the market potential for original equipment (OE)-fitted direct and indirect TPMS for passenger vehicles in North America and Europe. Frost & Sullivan forecasts the revenue and volume potential of vehicles fitted with direct and indirect TPMS for the 2022–2030 period. The study also analyzes vital markets and technology trends in the TPMS ecosystem and highlights TPMS solutions offered by leading players such as Sensata, Continental, and Huf Baolong Electronics.

The TPMS market is almost saturated, with demand depending mainly on the rising number of passenger vehicles in North America and Europe. However, the shifting market dynamics to integrate telematics and remote tire management solutions for connected tires also impact development and innovation in TPMS offerings. Major players such as Continental and Sensata developed hardware and software integration capabilities for innovative TPMS sensing and real-time TPMS monitoring. These capabilities will enable value chain partners and end customers to maintain optimal inflation pressure and reduce performance and safety inefficiencies caused by tire pressure.

Frost & Sullivan details three growth opportunities that will emerge in this space over the next decade and offers actionable insights to stakeholders to propel growth in the TPMS ecosystem.

RESEARCH: INFOGRAPHIC

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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Tire Pressure Monitoring System (TPMS) Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation

Definitions

Key Competitors

Key Growth Metrics

Distribution Channels

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue and Volume Forecast

Revenue Forecast by TPMS Type

Revenue Forecast by Region

Volume Forecast by TPMS Type

Volume Forecast by Region

Revenue and Volume Forecast Analysis

Pricing Trends and Forecast Analysis

Cost–benefit Analysis of TPMS Solutions in Passenger Cars

Competitive Environment

Need for TPMS

TPMS Development Life Cycle

Regulatory Mandates for Passenger Vehicles

Minimum Performance Criteria in TPMS Regulations

iTPMS Systems

iTPMS—Continental Software-defined iTPMS Solution

Key Growth Metrics

Forecast Assumptions

Revenue and Volume Forecast

Revenue Forecast by Region

Volume Forecast by Region

Forecast Analysis

dTPMS Systems

dTPMS—Huf-Baolong Valve-mounted TPMS

dTPMS—Continental Tire-mounted TPMS

Advanced dTPMS Sensing Solution—Sensata

Key Growth Metrics

Forecast Assumptions

Revenue and Volume Forecast

Revenue Forecast by Region

Volume Forecast by Region

Forecast Analysis

TPMS Technology Trends

Telematics-integrated TPMS Monitoring

Bluetooth-enabled TPMS Monitoring

Remote Tire Management for Connected and Autonomous Vehicles

Growth Opportunity 1—Hybrid TPMS Solution Development

Growth Opportunity 1—Hybrid TPMS Solution Development (continued)

Growth Opportunity 2—TPMS Sensor Data Insights

Growth Opportunity 2—TPMS Sensor Data Insights (continued)

Growth Opportunity 3—Connected Tires and Telematics Technology

Growth Opportunity 3—Connected Tires and Telematics Technology (continued)

Conclusions and Future Outlook

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Related Research
The tire pressure monitoring system (TPMS) has been a part of vehicles’ active safety assistance features for over a decade because it improves vehicle performance and safety. TPMS is essential to monitor tire condition parameters such as inflation pressure, temperature, tire wear, and vehicle performance parameters (e.g., fuel economy, safety, and comfort). Abnormal inflation pressures can endanger passengers and vehicles if left unchecked. Due to TPMS’ benefits, North America and Europe identified it as a critical safety assistance feature. Both regions have regulated and mandated TPMS in all production vehicles from 2007 (North America) and 2014 (Europe). Based on the sensing technology type, Frost & Sullivan broadly classifies TPMS as direct TPMS (dTPMS) and indirect TPMS (iTPMS). This study identifies the market potential for original equipment (OE)-fitted direct and indirect TPMS for passenger vehicles in North America and Europe. Frost & Sullivan forecasts the revenue and volume potential of vehicles fitted with direct and indirect TPMS for the 2022–2030 period. The study also analyzes vital markets and technology trends in the TPMS ecosystem and highlights TPMS solutions offered by leading players such as Sensata, Continental, and Huf Baolong Electronics. The TPMS market is almost saturated, with demand depending mainly on the rising number of passenger vehicles in North America and Europe. However, the shifting market dynamics to integrate telematics and remote tire management solutions for connected tires also impact development and innovation in TPMS offerings. Major players such as Continental and Sensata developed hardware and software integration capabilities for innovative TPMS sensing and real-time TPMS monitoring. These capabilities will enable value chain partners and end customers to maintain optimal inflation pressure and reduce performance and safety inefficiencies caused by tire pressure. Frost & Sullivan details three growth opportunities that will emerge in this space over the next decade and offers actionable insights to stakeholders to propel growth in the TPMS ecosystem.
More Information
No Index No
Podcast No
Author Deexeta Mohan Kumar
Industries Automotive
WIP Number PC2F-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9B13-A6