Market Overview:
The global direct tire pressure monitoring sensor market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for passenger cars and commercial vehicles, rising awareness about vehicle safety, and the growing trend of autonomous vehicles. The global direct tire pressure monitoring sensor market is segmented on the basis of type into robot animals, robot cars, robot dolls, and others. The robot car segment is expected to account for the largest share of the global direct tire pressure monitoring sensor market in 2018. This segment is projected to grow at a CAGR of 8% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to factors such as increasing demand for luxury cars and rising adoption of advanced technologies in automobiles. On the basis of application,the global direct tire pressure monitoring sensormarketis divided into below 6 years old, 6to 12 years old,, 12to 18 years old,,and above 18years old segments .
Product Definition:
A direct tire pressure monitoring sensor (DTPS) is a device that measures the air pressure in a vehicle's tires. It sends this information to a control unit, which then displays it on the driver's dashboard. The importance of DTPSs is twofold: first, they help drivers avoid dangerous driving conditions by providing real-time updates on their tire pressure; and second, they can improve fuel economy by helping drivers maintain the correct air pressure in their tires.
Robot Animals:
Robot animals are also known as Automated Guided Vehicles (AGV) or automated robots. They are used for the inspection of tires and their components in order to identify any possible damage that may have occurred due to road hazards such as cracks, bulges, tread separations or cuts. AGVs can be used in various applications including automotive repair shops, manufacturing facilities and research & development centers among others.
Robot Car:
The robot car is a vehicle that is designed to navigate and explore the environment and capture data. It's used for testing tire pressure, identifying potholes, counting traffic signals, etc. The data captured by the robot car can be analyzed to determine any abnormalities in traffic flow or road conditions.
In recent years there has been an increase in research activities focused on autonomous cars as well as studies conducted on ways of using existing vehicles for conducting experiments related to robotics and automation.
Application Insights:
Based on the application, the market is segmented into below 6 years old, 6 to 12 years old, and above 12 years old. The below 6 years age group held a major share of over 60% in 2017 owing to increasing awareness about safety among parents and children.
The above 18 years age group is expected to be one of the fastest-growing segments due to rising concerns regarding road accidents among youth drivers resulting in injuries or deaths. For instance, according to a survey conducted by Germany's Federal Motor Transport Authority (Kraftfahrt-Bundesamt), around 10% of all drivers aged between 15 and 19 were involved in fatal crashes from 2015 to 2016.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of key companies such as Goodyear, Bridgestone, and Michelin tires. These tire manufacturers are continuously working on developing advanced products for monitoring TPMS system requirements and installation locations within vehicles. Moreover, increasing demand for electric cars with integrated TPMS sensors is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant gains owing to rising disposable income levels among consumers coupled with growing automotive industry across countries such as China and India.
The European market was valued at USD X million in 2017 owing to high consumer awareness regarding vehicle maintenance along with a large number of luxury car models manufactured by major players including BMW AG., Mercedes Benz AG.
Growth Factors:
- Increasing demand for passenger cars and commercial vehicles
- Rising awareness about the benefits of TPMS among consumers
- Government regulations mandating the use of TPMS in vehicles
- Technological advancements that have led to the development of more advanced and accurate sensors
- Growing demand for eco-friendly and fuel-efficient vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Direct Tire Pressure Monitoring Sensor Market Research Report
By Type
Robot Animals, Robot Car, Robot Dolls, Others
By Application
Below 6 Years Old, 6 To 12 Years Old, 12 To 18 Years Old
By Companies
Hasbro, Lego, Mattel, Bandai, WowWee (Optimal Group), Spin Master, Sainsmart, Top Race, Huile Toys, Rastar, Shifeng Culture, Alpha Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Direct Tire Pressure Monitoring Sensor Market Report Segments:
The global Direct Tire Pressure Monitoring Sensor market is segmented on the basis of:
Types
Robot Animals, Robot Car, Robot Dolls, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Below 6 Years Old, 6 To 12 Years Old, 12 To 18 Years Old
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hasbro
- Lego
- Mattel
- Bandai
- WowWee (Optimal Group)
- Spin Master
- Sainsmart
- Top Race
- Huile Toys
- Rastar
- Shifeng Culture
- Alpha Group
Highlights of The Direct Tire Pressure Monitoring Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Robot Animals
- Robot Car
- Robot Dolls
- Others
- By Application:
- Below 6 Years Old
- 6 To 12 Years Old
- 12 To 18 Years Old
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Direct Tire Pressure Monitoring Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Direct Tire Pressure Monitoring Sensor is a sensor that monitors the pressure in a tire.
Some of the key players operating in the direct tire pressure monitoring sensor market are Hasbro, Lego, Mattel, Bandai, WowWee (Optimal Group), Spin Master, Sainsmart, Top Race, Huile Toys, Rastar, Shifeng Culture, Alpha Group.
The direct tire pressure monitoring sensor market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Direct Tire Pressure Monitoring Sensor Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Direct Tire Pressure Monitoring Sensor Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Direct Tire Pressure Monitoring Sensor Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Direct Tire Pressure Monitoring Sensor Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Direct Tire Pressure Monitoring Sensor Market Size & Forecast, 2020-2028 4.5.1 Direct Tire Pressure Monitoring Sensor Market Size and Y-o-Y Growth 4.5.2 Direct Tire Pressure Monitoring Sensor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Robot Animals
5.2.2 Robot Car
5.2.3 Robot Dolls
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Below 6 Years Old
6.2.2 6 To 12 Years Old
6.2.3 12 To 18 Years Old
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Direct Tire Pressure Monitoring Sensor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Direct Tire Pressure Monitoring Sensor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Robot Animals
9.6.2 Robot Car
9.6.3 Robot Dolls
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Below 6 Years Old
9.10.2 6 To 12 Years Old
9.10.3 12 To 18 Years Old
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Robot Animals
10.6.2 Robot Car
10.6.3 Robot Dolls
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Below 6 Years Old
10.10.2 6 To 12 Years Old
10.10.3 12 To 18 Years Old
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Robot Animals
11.6.2 Robot Car
11.6.3 Robot Dolls
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Below 6 Years Old
11.10.2 6 To 12 Years Old
11.10.3 12 To 18 Years Old
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Robot Animals
12.6.2 Robot Car
12.6.3 Robot Dolls
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Below 6 Years Old
12.10.2 6 To 12 Years Old
12.10.3 12 To 18 Years Old
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Robot Animals
13.6.2 Robot Car
13.6.3 Robot Dolls
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Below 6 Years Old
13.10.2 6 To 12 Years Old
13.10.3 12 To 18 Years Old
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Direct Tire Pressure Monitoring Sensor Market: Competitive Dashboard
14.2 Global Direct Tire Pressure Monitoring Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hasbro
14.3.2 Lego
14.3.3 Mattel
14.3.4 Bandai
14.3.5 WowWee (Optimal Group)
14.3.6 Spin Master
14.3.7 Sainsmart
14.3.8 Top Race
14.3.9 Huile Toys
14.3.10 Rastar
14.3.11 Shifeng Culture
14.3.12 Alpha Group