Lewes, DE -- (SBWIRE) -- 07/29/2015 -- Report forecast the global TPMS market to grow at a CAGR of 15.71% during 2014-2019.

TPMS is an electronic system, designed to provide real-time information about tire pressure by monitoring the air pressure inside the tires. TPMS warns the driver about the number of underinflated tires. TPMS is classified into two categories: direct TPMS and indirect TPMS. Direct TPMS provides real-time information of the tire pressure using pressure monitoring sensors in the tires. As a result, automotive manufacturers are shifting their focus on the usage of direct TPMS sensors to improve the safety of the consumers.

The global TPMS market can be segmented into two divisions based on type: direct TPMS and indirect TPMS.

According to the report, governments across the globe are promoting the usage of TPMS in automobiles. The growing concerns about passenger safety have compelled automobile manufacturers to implement various driver assistance systems. Advanced safety systems such as TPMS combined with ABS help to minimize accidents, reduce fatalities, and improve overall vehicle safety. Consequently, governments of countries in Europe, the Americas, and APAC have started implementing stringent safety regulations regarding the development and sales of these systems.

Further, the report states that functional errors because of the failure of electronic sensors, the usage of defective sensors, and battery failure result in the failure of TPMS, resulting in accidents.

Global TPMS Market 2015-2019, 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 in the coming years. It also includes a discussion of the key vendors operating in this market.

key players in the Global Tire Pressure Monitoring Systems (TPMS) Market: Continental, Pacific Industrial and Schrader Electronics

Other Prominent Vendors in the market are: Advantage PressurePro Enterprises, ALLIGATOR Ventilfabrik, Alps Electric, Bartec USA, Bendix Commercial Vehicle Systems, Bosch (Bosch Automotive Technology), Delphi Automotive, Dill Air Control Products, Doran Manufacturing, Freescale Semiconductor, Hella Ireland, Huf Electronics Bretten, Infineon Technologies, Johnson Controls, Murata Electronics Oy, NIRA Dynamics, Orange Electronic North America, Silicon Microstructures, Standard Motor Products, Transense Technologies, Valor TPMS and ZF TRW

Key Regions
- Americas
- APAC
- EMEA

Key Market Driver
- Government Regulations on Safety
- For a full, detailed list, view our report

Key Market Challenge
- Functional Issues
- For a full, detailed list, view our report

Key Market Trend
- High Demand from Emerging Markets
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 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?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 68 pages and 28 Exhibits "Global Tire Pressure Monitoring System (TPMS) Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-tire-pressure-monitoring-system-tpms-market-2015-2019

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