http:\/\/www.prweb.com\/releases\/prwebtire_pressure_monitoring\/TPMS_systems\/prweb8578203.htm<\/a><\/p>\r\nIn summary, the report found that\u00a0growth in the TPMS market will be “driven by resurgence in automotive industry and stringent legislations focusing on active road safety measures… (the)\u00a0focus on fuel efficiency, growing popularity of run-flat tires and product innovation\/differentiation strategies adopted by manufacturers.”<\/p>\r\n
U.S. legislation\u00a0that makes integration of TPMS mandatory in all cars has and will continue to drive growth, according to the GIA report.<\/p>\r\n
“The market will gain additional momentum when similar legislation is passed in Europe by 2012 or 2014,” according to GIA.<\/p>\r\n
Unevenly inflated tires, which compromise the stability and balance of the vehicle,\u00a0increase the risk of car crashes. And beyond the tragedy of someone losing life or limb in an accident, the costs\u00a0stemming from vehicular accidents\u00a0 and government legisaltion mandating TPMS use\u00a0will be the force behind\u00a0developments in the safety devices, according to GIA.<\/p>\r\n
There is already some\u00a0legislations\u00a0in place\u00a0in the United States, and more that’s yet to be implemented in Europe and Asia.\u00a0 Those factors will\u00a0dictate\u00a0growth in the TPMS market, according to GIA.<\/p>\r\n
“Over the last decade, governments around the world have focused on legislating active road safety measures, given the rise in the number of casualties on road worldwide,” GIA said in a press release. “Unlike in the United States, where the TPMS legislation was solely driven by safety issues triggered by the massive recall of tires due to tread separation in the year 2000, in Europe TPMS legislations are driven by fuel efficiency benefits and reduction of CO2 emissions.”<\/p>\r\n
In addition, GIA said, “With the exception of South Korea, Asia-Pacific, in comparison, has no mandatory TPMS legislations and market penetration currently remains low. However, success in lobbying efforts in mandating TPMS in the region could result in Asia emerging into a driving force in the world TPMS market.”<\/p>\r\n
Auto makers have two\u00a0choices as to what technology to deploy in monitoring tire pressure: direct or indirect TPMS technology. And according to GIA,\u00a0roght now\u00a0direct TPMS\u00a0are considered as technologically superior for meeting required safety standards.<\/p>\r\n
Direct TPMS have the deepest penetration in the United States, accordingn to GIA,\u00a0\u00a0because of its ability to meet the stringent National Highway Traffic and Safety Administration\u00a0final ruling requiring all vehicles to be installed with a four-tire TPMS capable of detecting a ‘more than 25 percent under-inflated tire, while simultaneously sending a warning signal to the vehicle dashboard within a detection threshold of 20 minutes.<\/p>\r\n
However, the market could completely\u00a0change in the event of successful technology innovations that help indirect TPMS match the accuracy levels of direct TPMS. Currently, spearheading developments in this space is NIRA Dynamics’ Tire Pressure Indicator (TPI), an indirect\u00a0TPMS capable of detecting tire under inflation in all four tires and designed to meet both American FMVSS 138 and the European ECE R-64 safety regulations on tire pressure.<\/p>\r\n
Given that market opportunities for TPMS are largely depend on the overall health of the automobile industry, the current worldwide\u00a0recession temporarily has held back growth in the global TPMS market, GIA said. The trickle-down impact of the depressing business climate in the automotive industry on this market was reflected in the growth rates, which largely failed to meet the optimistic expectations of the pre-recession era.<\/p>\r\n
“While the slump in new car sales displaced business opportunities at large, postponements of aftermarket purchases of safety systems, solutions and products, as a result of consumers\u2019 preference to delay or even cancel discretionary purchases during difficult economic conditions, squeezed opportunities for TPMS in the aftermarket sector,” GIA said in its press release. “Expensive aftermarket electronic installations especially have been impacted, a direct fallout of weakening employment rates, consumer income and spending power.”<\/p>\r\n
According to the GIA, ” With automotive production increasing, most cars scheduled for roll out in the upcoming years will come high on safety features, next generation automotive safety technologies. Regulatory riders that mandate the use of TPMS together with the strategy of wielding these systems as key brand differentiating factors will continue to encourage OEM\u2019s interest in TPMS.”<\/p>\r\n
TPMS manufacturers\u00a0will be\u00a0under\u00a0pressure to reduce the cost of\u00a0expensive systems, which are no longer considered as optional extras.<\/p>\r\n
“Product-development efforts are largely geared towards achieving low maintenance, operating costs, and more accurate and reliable monitoring of tire pressure,” GIA said in its reelase. “Provision of value-added features, such as measurement of pressure, temperature and\u00a0 torque to provide additional benefits, such as complete data analysis so as to invoke changes in driving style to extend tire life, is also rising in popularity as a competitive tool.”<\/p>\r\n
Product-development efforts, including those targeted at Wireless TPMS that\u00a0eliminate the need for additional electronics to make a wired connection, are expected to generate new opportunities in the short- to medium-term period.<\/p>\r\n
Major players in the marketplace include Alps Electric Co., Bendix Commercial Vehicle Systems LLC, BorgWarner BERU Systems GmbH, Continental AG, Delphi Automotive LLP, Dunlop Tech GmbH, General Electric Co., Hella KGaA Hueck & Co., Kavlico Corp., NIRA Dynamics AB, PressurePro, Pacific Industrial Co., Robert Bosch GmbH, Schrader Electronics Ltd, Silicon Microstructures Inc., Transense Technologies Plc, TRW AutomotiveHoldings Corp. and VTI Technologies Oy.<\/p>\r\n
The research report titled \u201cTire Pressure Monitoring Systems (TPMS): A Global Strategic Business Report\u201d announced by Globa Industry Analysts provides a comprehensive review of market trends, drivers, company profiles and key strategic industry activities. The report analyzes the global TPMS market for all major geographic markets, including the United States,\u00a0Europe (France, Germany, Italy, United Kingdom, Spain) and other parts of the world.<\/p>\r\n
http:\/\/www.strategyr.com\/Tire_Pressure_Monitoring_Systems_TPMS_Market_Report.asp<\/a><\/p>\r\n
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The global market for\u00a0Tire Pressure Monitoring Systems (TPMS), which can help prevent accidents caused by under-inflated tires,\u00a0will reach $3 billion by 2017, according to a comprehensive report by the research firm\u00a0Global Industry Analysts (GIA). http:\/\/www.prweb.com\/releases\/prwebtire_pressure_monitoring\/TPMS_systems\/prweb8578203.htm In summary, the report found that\u00a0growth in the TPMS market will be “driven by resurgence in automotive industry and stringent […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3,176,23,177],"class_list":["post-562","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-tire-accidents","tag-tire-pressure-monitoring-systems","tag-tire-safety","tag-tpms"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/car-accident-rain.com\/blog\/wp-json\/wp\/v2\/posts\/562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/car-accident-rain.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/car-accident-rain.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/car-accident-rain.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/car-accident-rain.com\/blog\/wp-json\/wp\/v2\/comments?post=562"}],"version-history":[{"count":7,"href":"https:\/\/car-accident-rain.com\/blog\/wp-json\/wp\/v2\/posts\/562\/revisions"}],"predecessor-version":[{"id":569,"href":"https:\/\/car-accident-rain.com\/blog\/wp-json\/wp\/v2\/posts\/562\/revisions\/569"}],"wp:attachment":[{"href":"https:\/\/car-accident-rain.com\/blog\/wp-json\/wp\/v2\/media?parent=562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/car-accident-rain.com\/blog\/wp-json\/wp\/v2\/categories?post=562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/car-accident-rain.com\/blog\/wp-json\/wp\/v2\/tags?post=562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}