Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Tire Pressure Monitoring System Market Research Re | Page 2

demand the installation of tire pressure monitoring systems. This will
lead to an increase in demand for the aftermarket tire pressure
monitoring systems.
Tires ensure safe, comfortable and fuel-efficient driving, when well
managed and maintained by the automobile owners and service
providers. With the emerging need of successfully monitoring the tire
pressure and caution the drivers of problems, regulations have been
introduced for installing tire pressure monitoring systems. These systems
provide real-time information to the driver by using a pictogram display.
The automotive safety systems are rapidly becoming advanced,
sophisticated and efficient. Thus, the increase in adoption for tire
pressure monitoring systems has led to a reduction in the number of
accidents and has lowered the impact of accidents on people. Thus, the
global tire pressure monitoring system market is expected to expand at ~
7% CAGR during the forecast period.
Global Tire-pressure monitoring system market: Segmentation
Based on technology, the market has been segmented as direct TPMS
(Tire-Pressure Monitoring System) and indirect TPMS (Tire-Pressure
Monitoring System). Amongst these, the direct TPMS segment is
expected to dominate the growth of the market. It helps detect absolute
pressure measurement. This technology possesses numerous features
such as tire pressure on each wheel can be displayed, additional
sensors are needed with snow tires (user’s on-cost) and the wheel type
is restricted by integrated sensor/valve. However, this technology has
high cost as the sensor batteries have to be changed periodically.
Regional Analysis