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The global commercial vehicle tire pressure management system (TPMS) market is forecasted to grow at a CAGR of 10.38% during the period 2017-2021

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LONDON, Nov. 28, 2017 /PRNewswire/ — About Commercial Vehicle Tire Pressure Management System (TPMS)

TPMS is an electronic system, which provides real-time information about tire pressure by monitoring the air pressure inside the tires. The system basically comprises a potted tire pressure monitor sensor, which consists of a sensor chip. The sensor chip comes with integrated µ-controller and a transmitter that is designed to send signals to alert the driver of low pressure. These sensors are usually powered by lithium-ion battery and help in increasing fuel efficiency by continously monitoring the tire pressure, which plays a key role in vehicle efficiency.

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Technavio’s analysts forecast the global commercial vehicle tire pressure management system (TPMS) market to grow at a CAGR of 10.38% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global commercial vehicle tire pressure management system (TPMS) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio’s report, Global Commercial Vehicle Tire Pressure Management System (TPMS) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Continental
• ZF
• NXP Semiconductors
• DENSO
• Sensata Technologies
• WABCO

Other prominent vendors
• Bendix Commercial Vehicles Systems
• Datanet
• Pacific Industrial
• Ryder Fleet Products
• Schrader-Bridgeport International

Market driver
• Discount in insurance premium for adoption of vehicle safety system like TPMS
• For a full, detailed list, view our report

Market challenge
• High cost associated with direct TPMS
• For a full, detailed list, view our report

Market trend
• Development of Bluetooth-enabled TPMS
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Download the full report: https://www.reportbuyer.com/product/5219310

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