DUBLIN, Dec. 14, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Tire Pressure Monitoring System Market 2016-2020" report to their offering.
The report forecasts the global tire pressure monitoring system market to grow at a CAGR of 14.94% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global tire pressure monitoring system market for 2016-2020. To calculate the market size, the report considers analysis of three geographic regions and explicitly states key leading countries in the respective regions as per the market.
One of latest trends in the market is development of powerful MEMS sensors and speed sensing instruments for accuracy and precision. Sensor technology has played a crucial role in the design and development of ADAS as they form a fundamental part of the systems. Sensors and processors are the primary system components that perform the function of monitoring and processing of the vehicle data. A few automotive players are working on new tire pressure monitoring technologies that use micro-electromechanical systems (MEMS) sensors that are designed to accurately measure the pressure and temperature in the tire.
According to the report, one of the primary drivers in the market is reduction in fuel consumption and carbon emissions from vehicles. Advance automotive technologies are aimed at making the driving experience safer, comfortable, and convenient in addition to making them eco-friendly in nature. Rolling resistance from tires plays a crucial role in delivering the optimum fuel efficiency and level of exhaust emission from the vehicle. It has been found that low pressure in the tire leads to high rolling resistance. According to industry experts, with every 1 bar pressure drop in the tire from the stipulated value, the rolling resistance of tire increases by 20%-25% in passenger vehicles. A higher rolling resistance leads to increased fuel consumption by the engine, which results in significant reduction of the vehicle's fuel efficiency. In addition to this, an underinflated tire also leads to more carbon emissions from the exhausts. According to experts, an improperly inflated tire can lead to 5%-10% increase in carbon emissions on an average, depending upon the type of vehicle.
Further, the report states that one major challenge in the market is inaccuracy of electronic sensors and functional failure of the system.
- ZF TRW
- ZF TRW
- Infineon Technologies
- Pacific Industrial
- Schrader Electronics
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by geography
Part 07: Market drivers
Part 08: Market challenges
Part 09: Market trends
Part 10: Vendor landscape
Part 11: Key vendor analysis
Part 12: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/6wtmt4/global_tire
Research and Markets
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SOURCE Research and Markets