Skip to main content

Automotive Tire Information System Market Growth to be Benefited by Technological Advancements

Automotive tire information system (TIS) is an information system that has been developed and designed to detect the air pressure in the vehicle’s tire and warn the driver in case of low tire pressure. The automotive tire information system eliminates fatal accidents caused due to imbalanced tire pressure or underinflated tires of the vehicle. It escalates, monitors, and alerts the driver of the low tire pressure, either by a symbolic display or by notifying lights on the vehicle’s dashboard instrument panel. Furthermore, the automotive tire information system reduces carbon dioxide emissions and enhances fuel economy. The automotive tire information system is a key technology of the advance driver assistance system (ADAS), which helps the driver ensure tire pressure safety and maintenance.
Rapid increase in demand for driving safety and driving comfort related to tire conditions of the vehicle is a key factor that is anticipated to boost the automotive tire information system market during the forecast period. Increase in rate of adoption and stringent standards enacted by regulatory bodies toward active safety systems such as advance driver assistance system are prominent factors that are projected to propel the automotive tire information system market during the forecast period. Reduction in the number of accidents and improved vehicle handling, owing to the adoption of the system, are expected to boost the automotive tire information system market. Malfunction of electronic components such as sensors is likely to lead to incorrect tire information, which in turn is anticipated to be a major restraint of the automotive tire information system market during the forecast period.
Request A Sample @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=45576
The automotive tire information system can segmented based on component, vehicle type, components sales channel, and region. Based on component, the automotive tire information system market can be segregated into four segments. Among them, the sensors segment accounts for a major share of market. Sensors monitor and measure the vehicle tire pressure and report it to corresponding monitor or the vehicle's instrument cluster.
In terms of vehicle type, the automotive tire information system market can be divided into passenger vehicles and commercial vehicles. The passenger vehicles segment holds a prominent share of the market, as compared to the commercial vehicle segment, owing to higher rate of adoption of the safety system. Additional benefits such as reduction in direct wear of the tire, better vehicle handling, and improvement in fuel efficiency are major factors that are likely to drive the passenger vehicle segment of the automotive tire information system market during the forecast period.
Based on components sales channel, the automotive tire information system market can be segregated into original equipment manufacturers (OEMs) and aftermarket. The OEMs segment accounts for a significant share of the market, as compared to the aftermarket segment. Rising demand for automotive advance safety systems in modern vehicles and increasing adoption of safety systems owing to their benefits are boosting the OEMs segment of the automotive tire information system market.
In terms of geography, the global automotive tire information system market can be segmented into Asia Pacific, Europe, North America, Latin America, Middle East & Africa, and Rest of the World. Europe accounts for a major share of the global automotive tire information system market due to the significant rate of adoption of advance driver assistance systems, leading to increased production in vehicles incorporated with automotive tire information systems, especially in Germany, the U.K., France, and Spain. Stringent safety norms passed by state regulation bodies are anticipated to fuel the automotive tire information system market in this region. Europe is expected to remain a prominent market for automotive tire information system, owing to the presence of major OEMs of the automotive industry in the region.
Key players operating in the global automotive tire information system market include Continental AG, Robert Bosch GmbH, Valeo, Delphi, ZF Friedrichshafen AG, Denso Corporation, Pacific Industrial Co. Ltd., Huf Hülsbeck & Fürst GmbH & Co. KG, Wabco, Sensata Technologies, Inc., NXP Semiconductors, and AVE technologies S.r.l.

Comments

Post a Comment

Popular posts from this blog

RFID Tags Market is Expected to Grow at the Highest CAGR During the Forecast Period

Key players in the  U.S. RFID tags market  are Atmel Corporation, HID USA Corporation, Invengo Information Technology Ltd. Co., and NXP Semiconductors N.V. Competition among them and among other players are expected to heat up further over the course of next few years as they try to expand their market shares both via the inorganic route of mergers and acquisitions and organic route of product development and diversification. A report on the market published by Transparency Market Research finds that it would rise at an 8.5% CAGR over the course of the forecast period starting from 2017 and ending in 2025. At this pace, the market which was valued at US$809.4 mn in 2016, will likely become worth US$1,672.5 mn by 2025-end. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24536 The two types of RFID tags available in the market are active and passive tags. Between the two, the demand for passive RFI...
Post a Comment
Read more

Data Center Fabric Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Fabric-based architecture supports the data center by eradicating the necessity of switch-to-switch interactions, multiple layers of devices and also the shared network protocols. It condenses the complication of a data center network and improves its efficiency. In a data center, fabric embodies interconnection of several servers, storage, and other ports for networking in an ultra-low latency set-up, which provides any-to-any connectivity, making each device only single hop away from every other device. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2227 Data center fabric market is driven by emerging technologies such as data center virtualization, cloud computing and big data analytics. Vendors in this market face challenges such as security issues and scalability in transparent bridging. One of the major opportunities in the market are for providing advanced data center fabric solutions that are more s...
Post a Comment
Read more

Mobile Security Software Market is Projected to be Fueled by Rapid Technological Advancements

Major drivers of the mobile security market are antivirus, e-mail spam blocking, and malware removal. Technological development in mobile security software and substantial research in this industry are contributing to the growth of this market. Today mobile phones are used as multipurpose devices, their exposure to various online and offline threats have increased significantly thus the need of MSS is rising day by day. This market is expected to witness tremendous growth in the coming years with the increasing number of mobile users and increasing awareness for mobile security. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=304 General lack of awareness about mobile vulnerability and increase in mobile malware is driving the emerging yet dynamic market of mobile security products. This market is mainly driven by business concerns for protecting corporate assets and information, and being vulnerable to various...
Post a Comment
Read more