Direct Tire Pressure Monitoring System 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: CR0187023
  • Format: Electronic (PDF)
  • Number of Pages: 225
  • Author(s): Joshi, Madhavi

Report Overview

The Direct Tire Pressure Monitoring System Market size was estimated at USD 4.2 billion in 2023 and is projected to reach USD 7.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024-2030).

Direct Tire Pressure Monitoring System Market

(Market Size)
$4.2 billion
$7.5 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 4.2 billion
2030 Market Size USD 7.5 billion
Key Players Continental, Schrader, ZF, Pacific Industrial, Huf

Market Summary

The direct tire pressure monitoring system market is a critical segment within the automotive safety and transportation technology landscape. These systems utilize sensors mounted directly inside each tire to provide real-time, accurate pressure readings to the vehicle's onboard computer and the driver. This technology represents a significant advancement over indirect systems, offering superior precision and reliability. The market is fundamentally driven by stringent government regulations mandating the inclusion of such safety systems in new vehicles across numerous major global markets. Automotive manufacturers and suppliers are continuously investing in research and development to enhance sensor durability, battery life, and system integration. The proliferation of electric and autonomous vehicles further underscores the importance of precise tire pressure management for optimizing range, safety, and overall vehicle performance. The competitive landscape is characterized by the presence of established automotive electronics giants and specialized component manufacturers, all vying for contracts with original equipment manufacturers. The evolution of this market is intrinsically linked to broader automotive industry trends, including the shift towards connected cars and the Internet of Things, where TPMS data can be integrated with other vehicle systems for predictive maintenance and enhanced operational efficiency.

Key Highlights

The direct TPMS market is distinguished by several pivotal technological and regulatory highlights. A primary highlight is the system's ability to deliver exact pressure readings for each individual tire, a capability not possible with indirect systems that rely on wheel speed sensors. This precision is crucial for maintaining optimal vehicle safety, fuel efficiency, and tire longevity. Another significant highlight is the widespread regulatory adoption; regions like North America and Europe have had mandates in place for years, and other regions are increasingly implementing similar safety standards, creating a consistent global demand driver. The integration of advanced technologies such as Bluetooth Low Energy for easier aftermarket installation and smartphone connectivity represents a notable innovation, enhancing user convenience and data accessibility. Furthermore, the development of sensor-less direct TPMS technologies, which are currently in research phases, promises to be a future game-changer by potentially reducing system cost and complexity. The market also highlights a strong trend towards miniaturization of sensors and the development of energy-harvesting solutions to extend battery life, addressing key customer concerns regarding maintenance and longevity.

Drivers, Opportunities & Restraints

The growth trajectory of the direct tire pressure monitoring system market is shaped by a confluence of drivers, opportunities, and restraints. The most powerful driver remains the global framework of automotive safety regulations, which compel automakers to integrate these systems into new vehicles, ensuring a steady stream of demand from the OEM sector. Increasing consumer awareness regarding vehicle safety and the benefits of proper tire maintenance, such as improved fuel economy and reduced emissions, further propels market growth. A significant opportunity lies in the expanding aftermarket segment, as vehicles age and original sensors require replacement, creating a recurring revenue stream. The rise of the shared mobility and fleet management sectors presents another substantial opportunity, where monitoring tire health can lead to considerable operational cost savings and enhanced safety protocols. However, the market faces notable restraints, including the high cost of direct TPMS compared to indirect systems, which can be a barrier to adoption in price-sensitive markets. Technical challenges such as sensor battery life limitations and the need for specialized tools for installation and maintenance also act as impediments to smoother market expansion and aftermarket penetration.

Concentration Insights

The competitive concentration within the direct TPMS market is characterized by a mix of high consolidation at the top and a long tail of smaller players. The market is dominated by a handful of major international automotive suppliers who possess deep-rooted relationships with global OEMs and command significant market share. These leading companies have extensive expertise in automotive electronics, robust global distribution networks, and substantial resources for continuous research and development. Their strategies often focus on securing long-term contracts with major automobile manufacturers and developing integrated system solutions. Beneath these tier-one suppliers exists a competitive landscape of specialized sensor manufacturers and component providers who often supply parts to the larger system integrators or cater to the specific needs of the aftermarket. This structure creates a market that is moderately concentrated, where innovation and cost-effectiveness are key to gaining a competitive edge. Regional players also exist, particularly in emerging markets, often focusing on cost-competitive solutions for local automobile manufacturers.

Type Insights

The direct TPMS market can be segmented by technology type, primarily distinguishing between systems with conventional sensors and those emerging with more advanced features. The conventional segment includes the vast majority of systems in use today, which consist of a pressure sensor, a transmitter, and a battery packaged together and mounted on the wheel rim inside the tire. These sensors communicate wirelessly with a central receiver in the vehicle. A key area of development within this type is the enhancement of battery technology to extend operational life beyond the current average, thereby reducing long-term ownership costs. The other evolving type involves innovative, battery-less or energy-harvesting sensor systems. These advanced systems aim to generate power from the rotation or vibration of the wheel, potentially eliminating the primary point of failure?the battery. While this technology is promising for its potential to offer a maintenance-free solution, it is currently more prevalent in research and development and niche applications rather than in mass-market production, representing the next frontier for the industry.

Application Insights

The application of direct tire pressure monitoring systems spans across the entire automotive and transportation industry, with the foremost application being in passenger vehicles. This segment accounts for the largest volume of installations, driven overwhelmingly by regulatory mandates for new cars in key markets. The technology is a standard feature in most modern passenger vehicles, from economy to luxury segments. Another critical application is in commercial vehicles, including light commercial vehicles, trucks, and buses. For these applications, the value proposition extends beyond safety to include significant operational benefits; proper tire pressure is directly linked to fuel efficiency, tire wear, and load management, which are crucial for fleet profitability. The aftermarket constitutes a separate but vital application channel, addressing the needs of vehicle owners whose original equipment has failed or who are retrofitting older vehicles with this safety technology. Furthermore, specialized applications are emerging in areas such as motorsports and high-performance vehicles, where precise tire pressure data is critical for achieving optimal track performance.

Regional Insights

The adoption and maturity of the direct TPMS market vary significantly across different global regions, influenced largely by local regulations and automotive production landscapes. North America and Europe are the most mature and established markets, having implemented TPMS mandates over a decade ago. These regions are characterized by high penetration rates in new vehicles and a well-developed aftermarket service network for maintenance and replacement. The Asia-Pacific region represents the fastest-growing market, fueled by the expanding automotive production in China, Japan, South Korea, and India. Increasing safety awareness and the gradual introduction of more stringent regulations in these countries are key growth catalysts. Latin America and the Middle East and Africa are emerging markets where adoption is currently lower but is expected to grow as economic development continues and regional safety standards evolve. The regulatory environment in each region remains the single most important factor shaping market dynamics, demand patterns, and the strategic focus of leading suppliers operating on a global scale.

Company Insights

The competitive landscape of the direct TPMS market features several prominent players renowned for their technological expertise and strong OEM relationships. Continental AG is a dominant force, offering comprehensive tire pressure monitoring systems integrated into its broader portfolio of automotive safety and chassis systems. Schrader Electronics, a subsidiary of Sensata Technologies, is another global leader with a long history and significant market share, particularly strong in sensor technology. ZF Friedrichshafen, through its acquisitions, has also solidified its position as a key supplier of advanced automotive systems, including TPMS. Other notable companies include Pacific Industrial Co., Ltd., Huf H?lsbeck & F?rst GmbH & Co. KG, and Bartec USA LLC, each contributing with specialized components or complete system solutions. These companies compete on factors such as system accuracy, reliability, battery life, cost-effectiveness, and the ability to provide seamless integration with other vehicle electronic systems. Innovation in miniaturization, energy efficiency, and connectivity are the primary areas of focus for maintaining a competitive advantage.

Recent Developments

The direct TPMS market is witnessing continuous innovation and strategic movements aimed at enhancing system capabilities and market reach. A prominent recent development trend is the integration of TPMS with vehicle telematics and cloud-based platforms. This allows fleet operators to monitor the tire health of an entire vehicle fleet in real-time from a central dashboard, enabling predictive maintenance and significantly reducing downtime. Another significant development is the industry's focus on improving the longevity and reliability of sensors, particularly through advancements in battery technology and the exploration of energy-harvesting methods to create battery-less sensors. Furthermore, there is a growing emphasis on enhancing the user interface and experience, with data from the TPBS being displayed more intuitively on digital dashboards and smartphone applications for easier driver interpretation. Partnerships and collaborations between automotive OEMs and technology suppliers are also frequent, aimed at co-developing next-generation systems that are more integrated, accurate, and cost-effective for future vehicle platforms.

Report Segmentation

This comprehensive market research report on the direct tire pressure monitoring system market provides a detailed analysis structured through methodical segmentation. The report is segmented by component type, examining the market for sensors/transmitters, control modules, and dashboard displays individually to understand the value and innovation within each part of the system. It is further segmented by technology type, providing insights into the prevailing conventional battery-powered systems and the emerging battery-less or energy-harvesting technologies. The vehicle type segmentation offers a thorough analysis across passenger cars, light commercial vehicles, and heavy commercial vehicles, highlighting the distinct requirements and growth patterns in each category. The sales channel segmentation differentiates between the original equipment manufacturer (OEM) sector and the aftermarket, crucial for understanding the complete product lifecycle and after-sales potential. Geographically, the report provides a meticulous country-level and regional analysis, delivering specific insights for North America, Europe, Asia-Pacific, and the rest of the world, which is essential for formulating region-specific strategies.

FAQs

How does a direct tire pressure monitoring system work?

A direct TPMS works by using physical pressure sensors located inside each tire, typically attached to the valve stem or wheel rim. These sensors directly measure the air pressure and often the temperature within the tire. The measured data is then transmitted wirelessly to a central control unit in the vehicle, which processes the information. If the pressure in any tire falls below or rises above a predetermined threshold, the system triggers a warning light on the vehicle's dashboard to alert the driver.

What is the difference between direct and indirect TPMS?

The fundamental difference lies in the method of measurement. A direct TPMS uses dedicated physical pressure sensors inside each tire to provide precise, individual tire pressure readings. An indirect TPMS does not have physical pressure sensors; instead, it relies on the wheel speed sensors of the anti-lock braking system to estimate pressure by comparing the rotational speed of each wheel, as an under-inflated tire has a slightly different diameter and therefore rotates at a different speed.

What are the benefits of a direct TPMS?

The benefits are multifold. It significantly enhances driving safety by providing immediate alerts for rapid pressure loss, helping to prevent accidents caused by tire failure. It improves fuel efficiency, as properly inflated tires have lower rolling resistance. It extends tire life by ensuring tires are always operating at the manufacturer's recommended pressure, promoting even tread wear. Furthermore, it contributes to reduced carbon emissions by optimizing vehicle efficiency.

Can a direct TPMS be installed on any car?

While many modern cars come with a direct TPMS pre-installed from the factory, it is also possible to retrofit an aftermarket direct TPMS onto older vehicles that did not originally have the system. These aftermarket kits are available and typically include sensors, a display unit, and the necessary hardware for installation. However, professional installation is often recommended to ensure the sensors are correctly fitted, programmed, and balanced.

How long do direct TPMS sensors last?

The operational lifespan of a direct TPMS sensor is primarily determined by its built-in battery, which is typically sealed within the sensor unit. On average, these batteries are designed to last between 5 to 10 years, though this can vary based on the vehicle's driving patterns, climate conditions, and the specific sensor technology. Once the battery is depleted, the entire sensor unit usually must be replaced, as the batteries are not user-serviceable.

What does the TPMS warning light mean?

The illumination of the TPMS warning light on a vehicle's dashboard is an alert that the system has detected at least one tire with pressure that is significantly outside the recommended operating range. This could indicate under-inflation, over-inflation, or a rapid leak. It can also sometimes signify a malfunction within the TPMS itself, such as a failed sensor or a problem with the system's receiver. When the light activates, it is advised to check tire pressures as soon as it is safe to do so.

Citius Research has developed a research report titled “Direct Tire Pressure Monitoring System 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

• Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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.

Direct Tire Pressure Monitoring System Market Segmentation

Market Segmentation

Regions Covered

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

Direct Tire Pressure Monitoring System Market Analysis

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

• Overview of Direct Tire Pressure Monitoring System Market
• Research Methodology
• Executive Summary
• Market Dynamics of Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System Market
• Cost and Gross Margin Analysis of Direct Tire Pressure Monitoring System Market
• Direct Tire Pressure Monitoring System 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 “Direct Tire Pressure Monitoring System 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.

Direct Tire Pressure Monitoring System Market Key Stakeholders

Below are the key stakeholders for the Direct Tire Pressure Monitoring System Market:

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

Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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

The Global Direct Tire Pressure Monitoring System Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Direct Tire Pressure Monitoring System Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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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 Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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 Direct Tire Pressure Monitoring System 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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