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.
View Our Report @ https://www.transparencymarketresearch.com/automotive-tire-information-system-market.html
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