Market Overview:
The global tire pressure sensor market is expected to grow at a CAGR of 6.5% 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, and the growing awareness about vehicle safety. The global tire pressure sensor market is segmented on the basis of type, application, and region. On the basis of type, it is divided into 100kPa-450kPa, 450 kPa-900 kPa, 900 kPA-1800kPA, and above 1800kpa segments. The passenger car segment accounts for a major share of the global tire pressure sensor market in terms of volume as well as value. This segment is projected to grow at a CAGR of 7% during the forecast period from 2018 to 2030 owing to rising demand for luxury cars across different regions worldwide. However, with respect to growth rate in terms of value over volume sales (CAGR), Asia Pacific is expected to lead all other regions with an increase rate more than 8%.
Product Definition:
A tire pressure sensor is a device used to monitor the air pressure inside a vehicle's tires. The importance of tire pressure sensors is that they allow drivers to maintain the correct tire pressure, which improves fuel economy, extends tread life and enhances safety.
100kPa - 450kPa:
100kPa - 450kPa is a range of tire pressure monitoring systems (TPMS). It's the lowest measurement that can be measured by TPMS. The 100-450 kpa range is used in passenger cars, light trucks and buses with tires sizes of 22” to 26”.
450 kPa - 900kPa:
450 kPa - 900kPa is a range of air pressure which is commonly used in Tire Pressure Sensor (TSS) market. The TSS plays an important role in the automotive industry as it helps to maintain the safety and comfort of vehicle occupants by monitoring tire inflation, temperature, and load.
The global TSS market was valued at USD 1.83 billion in 2015.
Application Insights:
Passenger car tires accounted for a major share in the global market and are expected to maintain their dominance over the forecast period. The growing popularity of passenger cars is anticipated to have a positive impact on industry growth. Increasing disposable income, especially in emerging countries such as India and China, is also likely to contribute positively towards industry growth.
Commercial vehicle tires are expected to grow at a significant rate over the forecast period owing to increasing demand from construction industries across various regions including Asia Pacific and Middle East & Africa. Furthermore, rising demand for commercial vehicles with high durability is further estimated to boost product penetration during the forecast period. Increasingly stringent government regulations regarding tire safety standards are projected drive innovation in commercial vehicle technology resulting in higher adoption of TPMS sensors by OEMs across various regions globally which would subsequently fuel market growth during the study period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing automotive production in countries, such as China and India. Furthermore, rising disposable income levels coupled with a growing population will also boost the region’s growth. Increasing investments in new plant and machinery are likely to drive industry expansion over the coming years.
Europe was estimated at USD X million in 2017 owing to high demand from passenger cars and commercial vehicles segments owing to presence of stringent government regulations for fuel efficiency improvement along with enhanced safety requirements for vehicle handling ability through tire pressure monitoring system (TPMS). Moreover, technological advancements related tire pressure sensors are further anticipated to propel product demand across this region during the forecast period.
The North American market accounted for more than 25% of global revenue share in 2017 on account of increasing adoption across U.S.
Growth Factors:
- Increasing demand for passenger cars and commercial vehicles
- Rising awareness about the benefits of tire pressure sensors
- Technological advancements in tire pressure sensor technology
- Growing number of replacement tires market
- Stringent government regulations for vehicle safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Tire Pressure Sensor Market Research Report
By Type
100kPa - 450kPa, 450 kPa - 900kPa, 900 kPa - 1800kPa, Above 1800kPa
By Application
Passenger Car, Commercial Vehicle
By Companies
Bosch, Denso, Sensata, Amphenol, NXP Semiconductors, Infineon, STMicroelectronics, TE Connectivity, Omron, Honeywell, Bosch, Continental AG, Panasonic, Emerson, ABB, Yokogawa Electric Corporation, KEYENCE, Keller, Balluff, WIKA Alexander Wiegand SE
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Tire Pressure Sensor Market Report Segments:
The global Tire Pressure Sensor market is segmented on the basis of:
Types
100kPa - 450kPa, 450 kPa - 900kPa, 900 kPa - 1800kPa, Above 1800kPa
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
Passenger Car, Commercial Vehicle
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:
- Bosch
- Denso
- Sensata
- Amphenol
- NXP Semiconductors
- Infineon
- STMicroelectronics
- TE Connectivity
- Omron
- Honeywell
- Bosch
- Continental AG
- Panasonic
- Emerson
- ABB
- Yokogawa Electric Corporation
- KEYENCE
- Keller
- Balluff
- WIKA Alexander Wiegand SE
Highlights of The Tire Pressure 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:
- 100kPa - 450kPa
- 450 kPa - 900kPa
- 900 kPa - 1800kPa
- Above 1800kPa
- By Application:
- Passenger Car
- Commercial Vehicle
- 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 Tire Pressure 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?
A tire pressure sensor is a device that monitors the air pressure in a tire. When the air pressure in a tire falls below a certain level, the sensor will activate and send an alert to the vehicle's computer. This allows drivers to know when they need to add more air to their tires.
Some of the major players in the tire pressure sensor market are Bosch, Denso, Sensata, Amphenol, NXP Semiconductors, Infineon, STMicroelectronics, TE Connectivity, Omron, Honeywell, Bosch, Continental AG, Panasonic, Emerson, ABB, Yokogawa Electric Corporation, KEYENCE, Keller, Balluff, WIKA Alexander Wiegand SE.
The tire pressure sensor market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tire Pressure 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 Tire Pressure Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tire Pressure 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 Tire Pressure 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 Tire Pressure Sensor Market Size & Forecast, 2018-2028
4.5.1 Tire Pressure Sensor Market Size and Y-o-Y Growth
4.5.2 Tire Pressure Sensor Market Absolute $ Opportunity
Chapter 5 Global Tire Pressure Sensor 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 Tire Pressure Sensor Market Size Forecast by Type
5.2.1 100kPa - 450kPa
5.2.2 450 kPa - 900kPa
5.2.3 900 kPa - 1800kPa
5.2.4 Above 1800kPa
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tire Pressure Sensor 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 Tire Pressure Sensor Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tire Pressure 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 Tire Pressure 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 Tire Pressure Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Tire Pressure Sensor 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 Tire Pressure Sensor Market Size Forecast by Type
9.6.1 100kPa - 450kPa
9.6.2 450 kPa - 900kPa
9.6.3 900 kPa - 1800kPa
9.6.4 Above 1800kPa
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 Tire Pressure Sensor Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
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 Tire Pressure Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Tire Pressure Sensor 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 Tire Pressure Sensor Market Size Forecast by Type
10.6.1 100kPa - 450kPa
10.6.2 450 kPa - 900kPa
10.6.3 900 kPa - 1800kPa
10.6.4 Above 1800kPa
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 Tire Pressure Sensor Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
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 Tire Pressure Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tire Pressure Sensor 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 Tire Pressure Sensor Market Size Forecast by Type
11.6.1 100kPa - 450kPa
11.6.2 450 kPa - 900kPa
11.6.3 900 kPa - 1800kPa
11.6.4 Above 1800kPa
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 Tire Pressure Sensor Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
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 Tire Pressure Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Tire Pressure Sensor 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 Tire Pressure Sensor Market Size Forecast by Type
12.6.1 100kPa - 450kPa
12.6.2 450 kPa - 900kPa
12.6.3 900 kPa - 1800kPa
12.6.4 Above 1800kPa
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 Tire Pressure Sensor Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
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) Tire Pressure Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tire Pressure Sensor 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) Tire Pressure Sensor Market Size Forecast by Type
13.6.1 100kPa - 450kPa
13.6.2 450 kPa - 900kPa
13.6.3 900 kPa - 1800kPa
13.6.4 Above 1800kPa
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) Tire Pressure Sensor Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
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 Tire Pressure Sensor Market: Competitive Dashboard
14.2 Global Tire Pressure Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Denso
14.3.3 Sensata
14.3.4 Amphenol
14.3.5 NXP Semiconductors
14.3.6 Infineon
14.3.7 STMicroelectronics
14.3.8 TE Connectivity
14.3.9 Omron
14.3.10 Honeywell
14.3.11 Bosch
14.3.12 Continental AG
14.3.13 Panasonic
14.3.14 Emerson
14.3.15 ABB
14.3.16 Yokogawa Electric Corporation
14.3.17 KEYENCE
14.3.18 Keller
14.3.19 Balluff
14.3.20 WIKA Alexander Wiegand SE
