The North America Automotive TPMS market is poised to grow at a CAGR of 14.86% over the forecasted period. North America is the largest market for tire pressure monitoring system. Increasing demand for luxury cars in US, Canada followed by the demand of racing vehicles and racing competitions in this part of the world. Racing vehicles have TPMS installed in this cars to get constant updates on the tire pressure.
TPMS is an electronic system, designed to provide real-time information about tire pressure by monitoring the air pressure inside the tires. In addition, TPMS warns the driver about the number of tires that are underinflated. Factors such as adoption of safety regulations by governments/agencies in the North America countries and the increase in the vehicle sales & safety installations for each vehicle is helping to accelerate the demand of automotive TPMS and other allied safety system in the region.
Tire blowouts because of underinflated and overinflated tires result in accidents and human fatalities. The rising number of accidents and road fatalities has also increased awareness and demand for passenger and automobile safety systems. This has made Governments and agencies across the region to implement safety regulations (for instance, the safety regulations set by NHTSA and NCAP). Appropriately inflated tires also helps to improve the fuel efficiency of the vehicle. The demand for fuel-efficient vehicles form the North America countries would also help to drive the automotive TPMS market in the region. The requirements of the TREAD act, to oblige with the fuel efficiency and safety requirements would also help to augment the demand of TPMS in the forecast period.
The market of direct TPMS is expected to dominate the North America market, and would significantly help to drive the TPMs market in the region. This is due to the inherent functional advantages provided by the direct sensor technology in this form of Tire Pressure Management System. The rise in technological innovations to design and develop universal TPMS sensors to ensure easy programming and configuration is one of the primary driver of direct TPMS in this market. In addition, the usage of TPMS in winter tires also helps to ensure appropriate tire pressure. The passenger vehicles segment would constitute the highest share in the North America automotive TPMS market.
The functional errors in TPMS deter consumers from placing faith in such types of new technology. Awareness of TPMS among consumers has been low in the region and the only installations have been in OEM-fitted vehicles. Nevertheless, the requirement for implementation of TPMS has raised the importance of pressure measurements to a significant level. The pressure measurements made on vehicles include barometric absolute pressure, manifold absolute pressure, brake pressure, air bag pressure, and HVAC pressure. This helps in enhancing and maintaining the fuel efficiency and overall vehicle performance. Thereby, the demand for entry-level vehicles equipped with safety features is increasing, thereby boosting the demand for electronic TPMS and TPMS sensors in North America region. Prominent vendors in the TPMS market in the region, include Continental, Schrader International, Delphi Automotive are some of the dominant players in this region.
What the Report Offers
1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and Forecast Period Years
1.6 General Study Assumptions
1.7 New Developments in R&D/ Latest Technologies
2. RESEARCH METHODOLOGY
2.2 Analysis Methodology
2.3 Econometric Forecast Model
2.4 Research Assumptions
3. EXECUTIVE SUMMARY
4. KEY INFERENCES
5. MARKET OVERVIEW AND TECHNOLOGY TRENDS
5.1 Current Market Scenario
5.2 Technological Developments
5.3 Investment Analysis
5.4 Porter's Five Forces Framework
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products and Services
5.4.5 Competitive Rivalry within the industry
5.5 Drivers, Restraints, Opportunities and Challenges
5.6 Technology Trends
6. NORTH AMERICA AUTOMOTIVE TPMS MARKET, BY TYPE
6.1 Direct TPMS
6.2 Indirect TPMS
7. NORTH AMERICA AUTOMOTIVE TPMS MARKET, BY END USER SEGMENT
8. NORTH AMERICA AUTOMOTIVE TPMS MARKET, BY VEHICLE TYPE
8.1 Passenger Vehicles
8.2 Light Commercial Vehicles
8.3 Heavy Commercial Vehicles
9. NORTH AMERICA AUTOMOTIVE TPMS MARKET- BY GEOGRAPHY - Country Share and Forecasts
9.1 North America(NA)
9.1.2 United States
9.1.4 Rest of North America
10. COMPETITIVE LANDSCAPE
10.1 Market Share Analysis
10.2 Organic and Inorganic Growth Strategies
10.3 Patent Analysis
10.4 The Challenges
10.5 Zero-Sum Quadrant
11. KEY VENDOR ANALYSIS
11.2 Pacific Industrial
11.3 Schrader Electronics
11.4 ALLIGATOR Ventilfabrik GmbH
11.5 Advantage PressurePro Enterprises Inc.
11.6 Alps Electric Co. Ltd.
11.8 Hella KGaA Hueck & Co.
11.9 Bendix Commercial Vehicle Systems LLC
11.10 Delphi Automotive LLP
11.11 Freescale Semiconductor
11.12 Doran Manufacturing LLC
11.13 Huf Electronics Bretten GmbH
11.14 Transense Technologies Plc
11.16 ZF TRW
11.17 Valor TPMS
12. FUTURE OUTLOOK OF THE MARKET