Automotive Tire Mounted Sensor Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186952
  • Format: Electronic (PDF)
  • Number of Pages: 221
  • Author(s): Joshi, Madhavi

Report Overview

The Automotive Tire Mounted Sensor Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 3.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024-2030).

Automotive Tire Mounted Sensor Market

(Market Size)
$1.8 billion
$3.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.50%
2023 Market Size USD 1.8 billion
2030 Market Size USD 3.2 billion
Key Players Continental, Schrader, ZF, Pacific Industrial, Huf

Market Summary

The automotive tire mounted sensor market represents a critical segment within the broader automotive and transportation industry, focused on the development and integration of advanced sensor technologies directly into vehicle tires. These sophisticated sensors are engineered to monitor a variety of real-time parameters, including tire pressure, temperature, and tread depth, providing essential data to both vehicle operators and onboard computer systems. The market is primarily driven by the global automotive industry's increasing emphasis on vehicle safety, operational efficiency, and the overall enhancement of the driving experience. As vehicles become more connected and autonomous, the role of precise tire data becomes paramount for advanced driver-assistance systems (ADAS) and overall vehicle dynamics management. The technology is integral to mandatory tire pressure monitoring systems (TPMS) and is increasingly being adopted in commercial vehicle fleets for predictive maintenance and logistics optimization. The competitive landscape is characterized by continuous innovation, with key players investing heavily in research and development to improve sensor accuracy, durability, and integration capabilities with broader telematics and IoT platforms. The evolution of this market is closely tied to automotive production trends, regulatory mandates concerning vehicle safety, and the growing consumer demand for smarter, safer vehicles.

Key Highlights

The automotive tire mounted sensor market is distinguished by several key technological and strategic highlights that underscore its importance. A primary highlight is the critical role these sensors play in enabling mandatory Tire Pressure Monitoring Systems (TPMS), which are now a standard safety feature in many regions globally, significantly reducing accidents caused by under-inflated tires. The integration of these sensors with vehicle telematics and IoT ecosystems is another major advancement, allowing for real-time data transmission to fleet management systems for proactive maintenance and operational cost savings. The development of self-powered sensor technology, which harvests energy from tire rotation, represents a significant innovation, eliminating the need for battery replacements and enhancing sustainability. Furthermore, the market is witnessing a trend towards multi-functional sensors that can monitor not just pressure, but also temperature, load, and even road surface conditions, providing a holistic view of tire health and vehicle performance. The strategic partnerships between sensor manufacturers, tire producers, and automotive OEMs are crucial for the seamless integration of this technology into new vehicle platforms. The relentless focus on miniaturization and cost-reduction without compromising on reliability and data accuracy remains a central theme for industry leaders, ensuring broader adoption across different vehicle segments from passenger cars to heavy-duty trucks.

Drivers, Opportunities & Restraints

The growth trajectory of the automotive tire mounted sensor market is influenced by a confluence of powerful drivers, promising opportunities, and notable restraints. The most significant driver is the stringent government regulations and safety standards mandating the installation of Tire Pressure Monitoring Systems (TPMS) in new vehicles across North America, Europe, and parts of Asia-Pacific. This legislative push is a primary force compelling automotive original equipment manufacturers (OEMs) to adopt this technology. Furthermore, the rising consumer awareness regarding vehicle safety and the benefits of preventive maintenance is creating sustained demand. The expansion of the commercial vehicle sector, particularly in logistics and transportation, presents a substantial opportunity, as fleet operators seek to minimize downtime and optimize fuel efficiency through real-time tire monitoring. The advent of autonomous and electric vehicles opens new frontiers for advanced sensor applications, integrating tire data with vehicle control systems for enhanced performance and safety. However, the market faces restraints, including the high initial cost of advanced sensor systems, which can be a barrier, particularly in cost-sensitive emerging markets. The technological challenge of ensuring sensor durability and reliability under extreme operating conditions, such as varying temperatures and physical stress, also poses a significant hurdle. Additionally, concerns regarding data security and the complexity of integrating new sensor data with existing vehicle architectures can slow down adoption rates.

Concentration Insights

The concentration of the automotive tire mounted sensor market reveals a landscape with a mix of established global giants and specialized technology firms. The market is relatively consolidated, with a handful of major players holding significant shares due to their long-standing relationships with automotive OEMs, extensive patent portfolios, and global manufacturing and distribution networks. Key companies such as Schrader International, a notable specialist in TPMS, Continental AG, and Sensata Technologies are dominant forces, leveraging their deep expertise in automotive electronics and sensors. These leaders compete intensely on the basis of technological innovation, product reliability, and cost-effectiveness. There is also a presence of specialized semiconductor and sensor companies that provide essential components and intellectual property to the larger system integrators. Geographically, production and innovation are heavily concentrated in regions with strong automotive manufacturing bases, namely North America, Europe, and East Asia. This concentration means that technological advancements and pricing strategies are often dictated by these leading firms. However, the market also sees competition from emerging players focusing on niche applications or novel technologies, such as battery-less sensors, which keeps the competitive environment dynamic and fosters continuous innovation across the industry.

Type Insights

The automotive tire mounted sensor market can be segmented by technology type, primarily distinguishing between direct and indirect TPMS solutions, with direct systems being the dominant and more advanced segment. Direct TPMS utilizes physical pressure sensors mounted inside the tire or on the wheel rim to provide accurate, real-time pressure readings for each individual tire. These sensors are highly sophisticated, often incorporating microelectromechanical systems (MEMS) technology and wireless transmitters to communicate data to the vehicle's central computer. This type offers superior accuracy and the ability to pinpoint specific tire issues, making it the preferred choice for modern vehicles, especially premium segments and commercial fleets where precision is critical. Indirect TPMS, on the other hand, operates by leveraging the vehicle's anti-lock braking system (ABS) wheel speed sensors to infer pressure loss by detecting differences in rotational speed. While this method is less expensive as it uses existing hardware, it is generally considered less accurate and cannot measure pressure directly or provide readings when the vehicle is stationary. The market trend is decisively leaning towards direct TPMS due to regulatory requirements for accuracy and the automotive industry's shift towards more data-rich, connected vehicle platforms that require precise tire information.

Application Insights

The application of automotive tire mounted sensors spans across the entire spectrum of the transportation sector, with distinct requirements for different vehicle types. In the passenger vehicle segment, which constitutes the largest application area, the primary use is for safety and convenience, enabling TPMS to alert drivers of under-inflation, thereby enhancing safety, improving fuel economy, and extending tire life. The technology is a standard feature in most new cars. The commercial vehicle application is rapidly growing and is arguably more critical from an operational standpoint. For trucks, buses, and logistics fleets, tire mounted sensors are integral to telematics and fleet management systems. They provide real-time data on tire pressure and temperature, enabling predictive maintenance schedules, preventing costly roadside breakdowns, and significantly optimizing fuel consumption?a major operational cost. In the off-highway and heavy equipment sector, such as construction and agricultural machinery, these sensors are vital for monitoring tire conditions under extreme loads and in rugged terrains, ensuring operational safety and machinery longevity. Furthermore, the emerging application in autonomous vehicles is gaining attention, where precise tire data is fed into the vehicle's control systems to aid in navigation, stability control, and overall operational decision-making without human intervention.

Regional Insights

The adoption and development of the automotive tire mounted sensor market exhibit distinct regional patterns influenced by regulatory frameworks, automotive production rates, and technological advancement. North America represents a mature and highly regulated market, primarily driven by the early and strict implementation of TPMS mandates by the National Highway Traffic Safety Administration (NHTSA). This region has a high penetration rate in both passenger and commercial vehicles, with a strong presence of key sensor manufacturers. Europe follows a similar trajectory, with stringent safety regulations from bodies like the European Union compelling widespread adoption. The region is also a hub for premium vehicle manufacturers who integrate advanced sensor technologies. The Asia-Pacific region is the fastest-growing market, fueled by the massive automotive production capacities of China, Japan, and South Korea. Increasing safety awareness, rising disposable incomes, and the gradual introduction of TPMS-like regulations in countries like China and India are propelling growth in this region. Latin America and the Middle East & Africa are emerging markets where growth is slower but steady, primarily driven by economic development, increasing commercial vehicle fleets, and the gradual trickle-down of safety technologies from imported vehicles. Each region presents a unique set of challenges and opportunities related to consumer awareness, cost sensitivity, and infrastructure development.

Company Insights

The competitive landscape of the automotive tire mounted sensor market is defined by a group of leading international corporations that possess significant technological expertise and strong relationships with automotive OEMs. Schrader International, a subsidiary of Sensata Technologies, is widely recognized as a pioneer and a major force in the TPMS segment, offering a comprehensive portfolio of sensors and valves. Continental AG, a German automotive parts manufacturing giant, leverages its vast experience in automotive electronics, telematics, and tires to provide integrated sensor solutions. Sensata Technologies itself is a key player, known for its sophisticated sensing solutions across the automotive industry. Pacific Industrial Co., Ltd. is another significant competitor, providing a range of automotive equipment and sensors. These companies compete not only on the quality and reliability of their hardware but also on their software capabilities for data analysis and system integration. The competitive strategy involves continuous investment in R&D to develop more accurate, durable, and cost-effective sensors. Furthermore, forming strategic alliances and long-term supply contracts with major tire manufacturers and automotive OEMs is a critical aspect of maintaining market position. The ability to provide global support and comply with diverse regional regulatory standards is also a key differentiator among these top-tier players.

Recent Developments

The automotive tire mounted sensor market is characterized by rapid technological evolution and strategic movements among key industry participants. A prominent recent development is the intensified focus on creating battery-less or energy-harvesting sensors. Companies are investing in technologies that generate power from the tire's deformation or rotation, aiming to eliminate the limitations and environmental concerns associated with battery replacement and disposal. Another significant trend is the enhancement of sensor capabilities beyond basic pressure monitoring. Developments include sensors that can accurately measure tread depth, identify road surface conditions (e.g., ice, wet asphalt), and even detect potential punctures or damage, providing a more comprehensive safety net. The integration of these sensors with broader vehicle IoT platforms and cloud-based analytics is accelerating, enabling over-the-air updates and more sophisticated fleet management solutions. Strategic acquisitions and partnerships continue to shape the market, as larger conglomerates seek to acquire innovative startups with proprietary technology, and sensor manufacturers forge closer ties with data analytics firms. Furthermore, the push towards standardization of communication protocols and data formats is a key industry effort to ensure interoperability between different vehicle systems and manufacturers, simplifying integration and reducing costs for automotive OEMs.

Report Segmentation

This comprehensive market research report on the automotive tire mounted sensor market provides a detailed and structured analysis segmented to offer granular insights for strategic decision-making. The report is meticulously categorized by technology type, delving into the specifics of direct TPMS and indirect TPMS, analyzing the adoption trends, technological nuances, and growth prospects for each segment. It further breaks down the market by vehicle type, providing dedicated analysis for passenger cars, light commercial vehicles, and heavy commercial vehicles, highlighting the distinct demands and opportunities within each category. The application segment explores the varying uses of these sensors, from basic pressure monitoring to advanced integration with telematics and autonomous driving systems. A crucial component of the report is its regional segmentation, which offers a country-level and region-specific analysis for North America, Europe, Asia-Pacific, and the rest of the world, detailing the regulatory environment, market penetration, and growth potential in each geography. Furthermore, the report includes a competitive landscape section that profiles major players, their market shares, product portfolios, and recent strategic initiatives. This multi-dimensional segmentation ensures that the report delivers targeted insights relevant to manufacturers, suppliers, OEMs, and investors operating in or entering this dynamic market.

FAQs

What is a tire pressure monitoring system (TPMS)?

A Tire Pressure Monitoring System (TPMS) is an electronic system designed to monitor the air pressure inside pneumatic tires on various types of vehicles. It reports real-time tire pressure information to the driver of the vehicle, either via a pictogram display, a gauge, or a simple low-pressure warning light. This technology is a critical safety feature that helps prevent accidents, improves fuel efficiency, and reduces tire wear by ensuring tires are properly inflated.

How does a direct TPMS work?

A direct TPMS works by using physical pressure sensors that are mounted inside each tire, typically attached to the valve stem or the wheel rim. These sensors directly measure the air pressure in each tire. They contain a battery-powered transmitter that sends the pressure data, along with a unique identification code and sometimes temperature readings, to a central receiver unit in the vehicle. This unit processes the data and alerts the driver if the pressure in any tire falls below a predetermined threshold.

What is the difference between direct and indirect TPMS?

The fundamental difference lies in their method of measurement. A direct TPMS uses dedicated physical pressure sensors inside each tire to provide accurate, real-time pressure readings for each individual tire. An indirect TPMS does not have physical pressure sensors; instead, it uses the vehicle's existing anti-lock braking system (ABS) wheel speed sensors to infer tire pressure. It monitors the rotational speed of each wheel, as an under-inflated tire has a slightly smaller diameter and therefore rotates faster than a properly inflated one. Direct systems are generally more accurate and reliable.

What are the benefits of using tire pressure sensors?

The benefits of using tire pressure sensors are multifaceted. Primarily, they enhance vehicle safety by significantly reducing the risk of accidents caused by tire blowouts or loss of vehicle control due to under-inflation. They improve fuel economy, as properly inflated tires have lower rolling resistance. They extend tire life by promoting even tread wear and optimal operating conditions. For fleet operators, they enable predictive maintenance, reduce downtime, and lower overall operating costs. They also contribute to a reduction in carbon emissions.

Can TPMS sensors be replaced?

Yes, TPMS sensors can be replaced. The sensors, particularly in direct systems, are battery-powered and these batteries have a finite lifespan, typically between 5 to 10 years. When the battery dies, the entire sensor unit usually must be replaced as the batteries are often sealed within the sensor housing. Replacement is also necessary if a sensor is physically damaged, for instance, during tire or wheel changes. It is important that replacement sensors are properly programmed and synchronized with the vehicle's receiver module to ensure correct operation.

Are there any government regulations for TPMS?

Yes, there are significant government regulations mandating TPMS. In the United States, the Transportation Recall Enhancement, Accountability, and Documentation (TREAD) Act led to a mandate requiring all new passenger vehicles and light trucks manufactured after September 2007 to be equipped with a TPMS. Similarly, the European Union made TPMS mandatory for all new passenger car models from November 2012 and for all new passenger cars from November 2014. Other regions, including South Korea and China, have also implemented or are developing their own TPMS regulations to improve road safety.

Citius Research has developed a research report titled “Automotive Tire Mounted Sensor Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Automotive Tire Mounted Sensor Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Automotive Tire Mounted Sensor Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Automotive Tire Mounted Sensor Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Automotive Tire Mounted Sensor Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Automotive Tire Mounted Sensor Market
• Research Methodology
• Executive Summary
• Market Dynamics of Automotive Tire Mounted Sensor Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Automotive Tire Mounted Sensor Market
• Cost and Gross Margin Analysis of Automotive Tire Mounted Sensor Market
• Automotive Tire Mounted Sensor Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Automotive Tire Mounted Sensor Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Automotive Tire Mounted Sensor Market Key Stakeholders

Below are the key stakeholders for the Automotive Tire Mounted Sensor Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Automotive Tire Mounted Sensor Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Automotive Tire Mounted Sensor Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Automotive Tire Mounted Sensor Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Automotive Tire Mounted Sensor Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

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Frequently Asked Questions

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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Automotive Tire Mounted Sensor Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Automotive Tire Mounted Sensor Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Automotive Tire Mounted Sensor Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Automotive Tire Mounted Sensor Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Automotive Tire Mounted Sensor Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Automotive Tire Mounted Sensor Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Automotive Tire Mounted Sensor Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Automotive Tire Mounted Sensor Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Automotive Tire Mounted Sensor Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Automotive Tire Mounted Sensor Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Automotive Tire Mounted Sensor Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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