South Korea Battery-less TPMS Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 10.5% from 2024 to 2030.
The South Korea Battery-less TPMS (Tire Pressure Monitoring System) market is experiencing significant growth as industries and consumers alike look for more efficient, eco-friendly, and cost-effective solutions for vehicle safety. This emerging technology is revolutionizing the way tire pressure monitoring is carried out by eliminating the need for battery-powered sensors, which is a game-changer for both manufacturers and end-users. As electric vehicles (EVs) and autonomous vehicles become more mainstream, the demand for battery-less TPMS has surged, leading to an expanded market opportunity in South Korea.
Battery-less TPMS utilizes energy harvesting technology to power sensors, significantly reducing the environmental impact of traditional systems. These systems collect and transmit data using vibrations or other environmental sources of energy, meaning no batteries are required. This not only enhances sustainability but also lowers long-term maintenance costs, as there is no need for battery replacement. Furthermore, as automotive industries in South Korea push for more environmentally friendly solutions, battery-less TPMS is an ideal fit for meeting green technology standards.
In South Korea, industries such as automotive manufacturers, fleet operators, and vehicle safety organizations are increasingly recognizing the benefits of battery-less TPMS. Manufacturers in the automotive sector are particularly focused on improving the efficiency of their vehicles by incorporating advanced technologies like battery-less TPMS, which aids in minimizing fuel consumption by ensuring optimal tire pressure. This is important not only for safety but also for enhancing fuel economy, which is increasingly becoming a selling point for new car models.
Furthermore, battery-less TPMS is seen as a crucial component for enhancing vehicle performance in autonomous driving systems. The real-time data generated by these systems helps optimize tire health, which is vital for ensuring the safe operation of self-driving cars. In addition, fleet operators see immense value in using these systems to reduce maintenance costs and improve operational efficiency across large vehicle fleets.
As South Korea continues to lead the charge in innovative automotive technologies, the demand for battery-less TPMS is expected to rise rapidly. The market is being driven by the increasing need for smarter, greener, and more reliable vehicle safety systems. The shift towards battery-less solutions aligns perfectly with the country's broader goals of reducing carbon emissions and fostering a more sustainable future. The Battery-less TPMS market is thus poised to play a significant role in shaping the automotive landscape in South Korea.
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Batteryless TPMS
ALPS
DARMSTADT
Transense
VisiTyre
STE Engineering
STACK
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Battery-less TPMS Market
Passive Systems
Active Systems
Hybrid Systems
Passenger Cars
Commercial Vehicles
Two-Wheelers
Heavy-Duty Vehicles
OEMs (Original Equipment Manufacturers)
Aftermarket
Individual Consumers
Fleet Operators
Rental Service Providers
Sensor Units
Control Units
Wireless Transmission Systems
Monitoring Display Devices
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Battery-less TPMS Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Battery-less TPMS Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Battery-less TPMS Market, By Type
6. South Korea Battery-less TPMS Market, By Application
7. South Korea Battery-less TPMS Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Battery-less TPMS Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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