TPMS Market Growth at 15% CAGR to 2019 Pushing Automotive MEMS Market Growth at 11% CAGR Through 2019

Jul 29, 2015, 02:00 ET from RnR Market Research

DALLAS, July 29, 2015 /PRNewswire/ --

RnRMarketResearch.com adds Global Tire Pressure Monitoring System (TPMS) Market 2015-2019 and Global Automotive MEMS Market 2015-2019 research reports to the automotive industry intelligence collection of its library.

Complete report on TPMS market (tire pressure monitoring system) spread across 68 pages, talking about 3 major companies and supported with 28 data exhibits is now available at http://www.rnrmarketresearch.com/global-tire-pressure-monitoring-system-tpms-market-2015-2019-market-report.html .

According to this new TPMS market report, governments across the globe are promoting the usage of TPMS in automobiles. The growing concerns about passenger safety have compelled automobile manufacturers to implement various driver assistance systems. Advanced safety systems such as TPMS combined with ABS help to minimize accidents, reduce fatalities, and improve overall vehicle safety. Consequently, governments of countries in Europe, the Americas, and APAC have started implementing stringent safety regulations regarding the development and sales of these systems. Further, the TPMS market research states that functional errors because of the failure of electronic sensors, the usage of defective sensors, and battery failure result in the failure of TPMS, resulting in accidents.

Commenting on the report, an analyst said: "The automotive sector in emerging markets such as India, China, and Mexico is growing at a steady rate, which in turn is increasing the demand for safety systems as well. The constant improvement of the economic conditions in emerging markets has improved the financial status of consumers. This is why they are able now to spend more on safety features such as TPMS, ABS, and ESC. For instance, China is increasing its focus on the safety applications for automobiles and emission-related issues. China's usage of automotive MEMS sensors is expected to increase more in the coming years, as the country is increasing the deployment of TPMS in vehicles."

Continental, Pacific Industrial and Schrader Electronics are major TPMS market companies discussed in this research. Other prominent TPMS vendors simply mentioned in this report include Advantage PressurePro Enterprises, ALLIGATOR Ventilfabrik, Alps Electric, Bartec USA, Bendix Commercial Vehicle Systems, Bosch (Bosch Automotive Technology), Delphi Automotive, Dill Air Control Products, Doran Manufacturing, Freescale Semiconductor, Hella Ireland, Huf Electronics Bretten, Infineon Technologies, Johnson Controls, Murata Electronics Oy, NIRA Dynamics, Orange Electronic North America, Silicon Microstructures, Standard Motor Products, Transense Technologies, Valor TPMS and ZF TRW. Order a copy of Global Tire Pressure Monitoring System (TPMS) Market 2015-2019 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=396159 .

The global TPMS market can be segmented into two divisions based on type: direct TPMS and indirect TPMS. The report, Global TPMS Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. It also includes a discussion of the key vendors operating in this market.

With such growth projection for TPMS market, the worldwide automotive MEMS market is expected to grow at a CAGR of 11% from 2014-2019. One of the most important applications of MEMS in the automotive sector is in TPMS, as it helps improve the safety of vehicles. TPMS analyzes the pressure in the tires of a vehicle and warns the driver when the tires are underinflated, as underinflated tires are more prone to blowouts.

According to the Global Automotive MEMS Market 2015-2019 research report (http://www.rnrmarketresearch.com/global-automotive-mems-market-2015-2019-market-report.html ) this market is expected to be dominated by the Americas over the forecast period. However, it draws attention towards China, which has emerged as the fastest growing market for the consumption of automotive MEMS devices. This is largely owing to the increasing focus on the safety applications for automobiles and emission-related issues. China's use of automotive MEMS is expected to increase during the forecast period, as it increases the deployment of automotive airbags and TPMS. On the basis of applications, the Global Automotive MEMS market can be segmented into five segments: Vehicle Security Systems, Comfort and Convenience, Infotainment, Powertrain, and Safety and Control. These are sets of methodologies and technologies that transform unstructured and structured data into meaningful and useful information.

Commenting on the report, an analyst said: "The usage of MEMS is increasing in the country because of a growing focus on advanced safety applications such as airbags, TPMS, and ESC systems. The government is adopting EU emission standards to reduce carbon emission levels of vehicles, resulting in increased implementation of engine sensors." Further, the report states that complexity in the design of the automotive MEMS is one of the major challenges hindering the growth of the Global Automotive MEMS market. Manufacturers find it difficult to design and develop MEMS that are compatible with safety solutions and meet safety standards.

Denso Corp., Freescale Semiconductor Inc., Robert Bosch GmbH and Sensata Technologies Inc. are the major automotive MEMS market companies discussed in this research. Other prominent vendors simply mentioned in this report include Analog Devices, Delphi Automotive, GE Measurement & Control, Infineon Technologies, Pacific Industrial, Panasonic, Renesas, ROHM Semiconductor, STMicroelectronics and Texas Instruments. Order a copy of Global Automotive MEMS Market 2015-2019 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=287311 .

On the basis of applications, the Global Automotive MEMS market can be segmented into five segments: Vehicle Security Systems, Comfort and Convenience, Infotainment, Powertrain, and Safety and Control. These are sets of methodologies and technologies that transform unstructured and structured data into meaningful and useful information.

For the automotive market, RnRMarketResearch.com offers a wide range of newly published research reports from experts who are authorities in their field:

Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market for Passenger Cars - By Geography - Trends and Forecasts 2014 - 2019: The major factors driving the demand of automotive TPMS and LDW system are stringent safety norms, increased safety awareness, technological advancement, affordability as well as institutions such as the New Car Assessment Program (NCAP) awarding safety ratings to cars based on safety performance. In the coming years, the increasing demand for luxury cars in the regions like Europe and Asia Pacific, mainly in China, India and Japan, is expected to drive the market. Sustainable growth in the TPMS and LDW systems market will largely depend upon upcoming legislations in various countries. Active safety system like Tire Pressure Monitoring (TPMS) is mandatory in developed countries, while legislations in developing countries are rapidly catching up creating high growth opportunities. Companies like Robert Bosch GMBH, Continental AG, TRW Automotive, Delphi Automotive PLC, Denso Corporation, Omron Corporation, Takata Corporation, Valeo S.A., Magna Electronics and Hella KGAA Hueck & Co. are profiled in this report available at http://www.rnrmarketresearch.com/tire-pressure-monitoring-system-tpms-lane-departure-warning-system-ldws-market-for-passenger-cars-by-geography-trends-and-forecasts-2014-2019-market-report.html .

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