Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Tire Pressure Monitoring System Market Research Re

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More information from: https://www.marketresearchfuture.com/reports/4636
Tire Pressure Monitoring System Market Research Report-Forecast
to 2023
Report / Search Code: MRFR/AM/3215-HCRR
Publish Date: May, 2018
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Global Tire-Pressure Monitoring System Market, By
Technology (Direct TPMS and Indirect TPMS), by Vehicle Type
(Passenger vehicles, Light Commercial vehicles and Heavy
Commercial vehicles), by Sales Channel (OEM, Aftermarket)
and region - Forecast 2023
Synopsis of Tire-Pressure Monitoring System Market
Tire pressure monitoring system refers to an electronic system used for
monitoring the air pressure and temperature of vehicle’s tire in real time
and alerting the driver using an alarm and displaying the real time
pressure and temperature on a LCD. A reduction in the pressure of an
automobile tire results in decreased tire life, mileage, safety, and vehicle
performance. The major advantages of introducing such systems are
that they improve convenience during driving and help reduce the
number of accidents. The use of such systems also increases the fuel
mileage, durability of tires, and provides proper vehicle handling.
Global tire pressure monitoring system is expected to grow significantly
over the forecast period owing to the introduction of strict government
regulations, which mandate the need of curbing vehicular emissions and
improving the fuel efficiency of the vehicle. With the increasing adverse
effects of greenhouse gases and the deteriorating air quality, the
government of many countries has mandated the emission standards to
be followed by automotive manufacturers. The growth of the automotive
industry is majorly driven by numerous factors such as the increase in
demand for high-end luxury cars, and rising economic and environmental
policies. These factors are expected to increase the focus of the
customers for adoption of advanced safety systems such as tire
pressure indicators, anti-brake systems, and electronic stability control in
the vehicles. This results in the growth of the automotive aftermarket.
Further, new regulations were introduced in emerging nations, which