Market Overview:
The global tire sensors market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles, light commercial vehicles, and heavy commercial vehicles across the globe. Additionally, government regulations mandating installation of tire pressure monitoring systems (TPMS) in all types of vehicles are also contributing to the growth of this market. Based on type, TPMS accounted for majority share of the global tire sensors market in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to increasing demand for TPMS owing to their ability detect low pressure and punctures in tires which helps improve safety while driving.
Product Definition:
A sensor located in a tire that monitors the air pressure and temperature of the tire.
Tire Pressure Monitoring Systems (TPMS):
Tire pressure monitoring systems (TPMS) are a new-age technology that has evolved from the need to reduce vehicle downtime caused by flat tires. TPMS enables real-time monitoring of tire inflation, which helps in avoiding potential hazards and reducing vehicle downtime. It also provides information related to tire wear, which further aids in enhancing fuel efficiency and overall performance of the vehicles.
Brake Booster System:
The brake booster system is a device that controls the brakes on an automobile. It is used to reduce the wheel speed when more than one wheel is applied at a time. The basic function of this system includes reducing engine load by decreasing vehicle speed, thus preventing possible damage to other components such as tires and calipers.
This braking technology was first implemented in aircraft during World War II for improving their landing performance by enabling them to land with less deceleration.
Application Insights:
Passenger vehicle application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. The growing demand for passenger vehicles as a result of increasing disposable income levels, especially in emerging markets such as China, India and Brazil is expected to be a major factor driving the segment growth. Furthermore, stringent government regulations regarding airbags installation in commercial vehicles are anticipated to further fuel industry expansion over the coming years.
The light commercial vehicle (LCV) application segment accounted for more than 25% of total market share in 2017 owing to increased usage of LCVs across end-use industries including food & beverage and healthcare among others. In addition, rising preference for tire pressure monitoring systems by LCV manufacturers due to benefits such as enhanced safety along with improved performance on wet roads is likely drive industry growth over the coming years.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing demand for TPMS-equipped vehicles from consumers and fleet operators. Furthermore, stringent government regulations regarding tire safety are also projected to drive regional growth. Europe accounted for a significant share of the overall industry revenue due to growing adoption of advanced automotive technologies across various application segments including passenger cars and LCVs/ HCVs.
The Asia Pacific Tire Sensors Market is anticipated to witness lucrative growth over the forecast period owing to rapid industrialization, rising disposable income levels among individuals as well as corporate entities, and expanding automobile production base mainly in China, India, Japan, South Korea & Taiwan (CITST). Moreover high vehicle sales coupled with improving economic conditions are further expected fuel regional product demand during the estimated time span.
Growth Factors:
- Increasing demand for fuel-efficient and low-emission vehicles
- Rising demand for advanced safety features in automobiles
- Proliferation of electric and hybrid vehicles
- Stringent emission norms by regulatory authorities across the globe
- Growing popularity of vehicle tracking and fleet management systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Tire Sensors Market Research Report
By Type
Tire Pressure Monitoring Systems (TPMS), Brake Booster System, Air Bag System, Vehicle Dynamic Control, Others
By Application
Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle
By Companies
Schrader Electronics, TRW Automotive Holdings Corporation, AVE technologies, Bartec USA LLC, General Electric, ZF Friedrichshafen AG, Continental AG, Sensata Technologies, Inc., Denso Corporation, Pacific Industrial Co., Ltd., NXP Semiconductors, WABCO
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Tire Sensors Market Report Segments:
The global Tire Sensors market is segmented on the basis of:
Types
Tire Pressure Monitoring Systems (TPMS), Brake Booster System, Air Bag System, Vehicle Dynamic Control, 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
Passenger Vehicle, Light Commercial Vehicle, Heavy 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:
- Schrader Electronics
- TRW Automotive Holdings Corporation
- AVE technologies
- Bartec USA LLC
- General Electric
- ZF Friedrichshafen AG
- Continental AG
- Sensata Technologies, Inc.
- Denso Corporation
- Pacific Industrial Co., Ltd.
- NXP Semiconductors
- WABCO
Highlights of The Tire Sensors 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:
- Tire Pressure Monitoring Systems (TPMS)
- Brake Booster System
- Air Bag System
- Vehicle Dynamic Control
- Others
- By Application:
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy 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 Sensors 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Tire sensors are a type of sensor that is used to measure the air pressure in a tire. Tire sensors can be found on cars, trucks, motorcycles, and bicycles.
Some of the major companies in the tire sensors market are Schrader Electronics, TRW Automotive Holdings Corporation, AVE technologies, Bartec USA LLC, General Electric, ZF Friedrichshafen AG, Continental AG, Sensata Technologies, Inc., Denso Corporation, Pacific Industrial Co., Ltd., NXP Semiconductors, WABCO.
The tire sensors market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tire Sensors 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 Sensors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Tire Sensors 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 Sensors 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 Sensors Market Size & Forecast, 2020-2028 4.5.1 Tire Sensors Market Size and Y-o-Y Growth 4.5.2 Tire Sensors 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 Tire Pressure Monitoring Systems (TPMS)
5.2.2 Brake Booster System
5.2.3 Air Bag System
5.2.4 Vehicle Dynamic Control
5.2.5 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 Passenger Vehicle
6.2.2 Light Commercial Vehicle
6.2.3 Heavy Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tire Sensors 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 Sensors 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 Tire Pressure Monitoring Systems (TPMS)
9.6.2 Brake Booster System
9.6.3 Air Bag System
9.6.4 Vehicle Dynamic Control
9.6.5 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 Passenger Vehicle
9.10.2 Light Commercial Vehicle
9.10.3 Heavy 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 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 Tire Pressure Monitoring Systems (TPMS)
10.6.2 Brake Booster System
10.6.3 Air Bag System
10.6.4 Vehicle Dynamic Control
10.6.5 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 Passenger Vehicle
10.10.2 Light Commercial Vehicle
10.10.3 Heavy 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 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 Tire Pressure Monitoring Systems (TPMS)
11.6.2 Brake Booster System
11.6.3 Air Bag System
11.6.4 Vehicle Dynamic Control
11.6.5 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 Passenger Vehicle
11.10.2 Light Commercial Vehicle
11.10.3 Heavy 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 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 Tire Pressure Monitoring Systems (TPMS)
12.6.2 Brake Booster System
12.6.3 Air Bag System
12.6.4 Vehicle Dynamic Control
12.6.5 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 Passenger Vehicle
12.10.2 Light Commercial Vehicle
12.10.3 Heavy 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) 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 Tire Pressure Monitoring Systems (TPMS)
13.6.2 Brake Booster System
13.6.3 Air Bag System
13.6.4 Vehicle Dynamic Control
13.6.5 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 Passenger Vehicle
13.10.2 Light Commercial Vehicle
13.10.3 Heavy 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 Sensors Market: Competitive Dashboard
14.2 Global Tire Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schrader Electronics
14.3.2 TRW Automotive Holdings Corporation
14.3.3 AVE technologies
14.3.4 Bartec USA LLC
14.3.5 General Electric
14.3.6 ZF Friedrichshafen AG
14.3.7 Continental AG
14.3.8 Sensata Technologies, Inc.
14.3.9 Denso Corporation
14.3.10 Pacific Industrial Co., Ltd.
14.3.11 NXP Semiconductors
14.3.12 WABCO