Automotive TPMS (Tire-Pressure Monitoring System) Market
Automotive TPMS (Tire-Pressure Monitoring System)
Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Automotive TPMS (Tire-Pressure Monitoring System)
Market Size and Growth
The global Automotive TPMS (Tire-Pressure Monitoring System) market research report indicates a steady growth trajectory driven by increased demand for vehicle safety features. The market size is projected to reach USD 9.7 billion by 2025, with a CAGR of 6.3%. This growth is fueled by stringent government regulations mandating TPMS installation in vehicles for safety. Request
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Companies Covered (Covid 19 Impact Covered)
◍ Sensata Technologies
◍ Continental
◍ Pacific Industrial
◍ ZF TRW Automotive Holdings
◍ Huf Electronics
◍ Delphi Automotive
◍ Bartec USA
◍ Bendix Commercial Vehicle Systems
The automotive TPMS market is highly competitive with key players such as Sensata Technologies, Continental, Pacific Industrial, ZF TRW Automotive Holdings, Huf Electronics, Delphi Automotive, Bartec USA, Bendix Commercial Vehicle Systems, Advanced Vehicle Electronic Technology, and Nira Dynamics. These companies provide innovative TPMS solutions to improve vehicle safety and compliance with regulations, leading to the growth of the market.
- Sensata Technologies: $3.5 billion in sales revenue
- Continental: $44.1 billion in sales revenue
◍ Advanced Vehicle Electronic Technology
◍ Nira Dynamics
- ZF TRW Automotive Holdings: $17.6 billion in sales revenue
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Market Segmentation
By Application
◍ Passenger Car
◍ Commercial Vehicle
By Product
◍ Direct TPMS
◍ Indirect TPMS
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$ X Billion USD
Market Growth
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