Tire Pressure Monitoring System Receiver Market was valued at USD 3.2 Billion in 2022 and is projected to reach USD 5.8 Billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030.
The global Tire Pressure Monitoring System (TPMS) receiver market was valued at approximately $3.5 billion in 2022. The market is anticipated to expand at a robust compound annual growth rate (CAGR) of 8.2% from 2023 to 2030. This growth is driven by the increasing adoption of advanced automotive safety features and stringent regulations regarding vehicle safety standards. The rise in consumer awareness about vehicle maintenance and the technological advancements in TPMS, such as the integration of wireless communication and enhanced sensor accuracy, are further propelling market expansion.
Opportunity analysis reveals significant potential in emerging markets, particularly in regions experiencing rapid automotive growth and urbanization. Countries in Asia-Pacific and Latin America are expected to offer substantial growth prospects due to the rising number of vehicle registrations and government initiatives aimed at improving road safety. Moreover, the development of cost-effective TPMS solutions and the increasing incorporation of such systems in lower-segment vehicles are likely to drive market penetration and create lucrative opportunities for industry players.
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Denso
Sensata
Continental
ZF
Lear Corporation
ACDelco
Pacific Industrial
Bendix
Huf
CUB Elecparts
Sate Auto Electronic
Baolong Automotive
NIRA Dynamics
Orange Electronic
Shenzhen Autotech
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 Global Tire Pressure Monitoring System Receiver Market
Passenger Vehicles
Commercial Vehicles
Based on Types the Market is categorized into Below types that held the largest Tire Pressure Monitoring System Receiver market share In 2023.
Indirect Tire Pressure Monitoring
Direct Tire Pressure Monitoring
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Tire Pressure Monitoring System Receiver 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. Global Tire Pressure Monitoring System Receiver Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tire Pressure Monitoring System Receiver Market, By Type
6. Global Tire Pressure Monitoring System Receiver Market, By Application
7. Global Tire Pressure Monitoring System Receiver Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Tire Pressure Monitoring System Receiver Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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