Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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: CR0186210
  • Format: Electronic (PDF)
  • Number of Pages: 219
  • Author(s): Joshi, Madhavi

Report Overview

The Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 16.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024-2030).

Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market

(Market Size)
$8.5 billion
$16.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.50%
2023 Market Size USD 8.5 billion
2030 Market Size USD 16.5 billion
Key Players Continental, Bosch, ZF, Denso, Valeo

Market Summary

The Tire Pressure Monitoring System (TPMS) and Lane Departure Warning System (LDWS) market represents a critical segment within the automotive safety and transportation technology landscape. These advanced driver-assistance systems (ADAS) are increasingly becoming standard features in modern vehicles, driven by stringent government regulations and a growing consumer emphasis on safety. The TPMS continuously monitors the air pressure in tires and alerts the driver to significant under-inflation, a key factor in preventing accidents, improving fuel efficiency, and reducing tire wear. Concurrently, the LDWS uses cameras or sensors to detect lane markings and provides warnings to drivers when the vehicle begins to drift out of its lane unintentionally, addressing issues related to driver drowsiness and distraction. The integration of these systems is a cornerstone in the broader evolution towards semi-autonomous and autonomous driving, making them a high-growth area for automotive suppliers and technology firms. The market is characterized by rapid technological advancements, including the development of more accurate sensor technologies and the integration of these systems with other ADAS functionalities like adaptive cruise control and automatic emergency braking. This synergy is creating a more cohesive and intelligent vehicle safety ecosystem.

Key Highlights

The market for TPMS and LDWS is distinguished by several pivotal developments. A primary highlight is the regulatory push from governments worldwide mandating the inclusion of these safety systems in new vehicles, which has been a fundamental growth driver. Technological innovation is another critical highlight, with manufacturers focusing on developing more reliable, cost-effective, and integrated systems. For instance, indirect TPMS, which uses wheel speed sensors from the anti-lock braking system, is gaining traction alongside direct TPMS for its lower cost. In the LDWS space, the shift from visual and audible warnings to haptic feedback, such as steering wheel vibration, and the progression towards active lane-keeping assist systems represent significant technological leaps. The competitive landscape is intense, featuring established automotive giants like Continental AG, ZF Friedrichshafen, and Denso Corporation, alongside specialized technology firms all vying for market share through innovation and strategic partnerships. The aftermarket segment is also expanding rapidly as consumers seek to retrofit older vehicles with these advanced safety features, presenting a substantial secondary revenue stream for market participants.

Drivers, Opportunities & Restraints

The expansion of the TPMS and LDWS market is propelled by a confluence of powerful drivers. The most significant is the global implementation of stringent vehicle safety regulations and protocols, such as those enacted by the NHTSA in the United States and similar bodies in Europe and Asia, which require these systems in new passenger vehicles. The rising consumer awareness regarding vehicle safety and the associated demand for advanced features further accelerate market adoption. Additionally, the overarching trend towards vehicle automation and the development of connected car technologies provide a robust foundation for growth. Key opportunities lie in the expansion into emerging economies where automotive sales are growing, and safety regulations are gradually being strengthened. The development of more sophisticated, software-defined systems that can be updated over-the-air also presents a lucrative avenue for innovation and customer engagement. However, the market faces notable restraints, including the high cost of advanced systems, which can deter price-sensitive consumers, particularly in developing regions. Technical challenges related to system accuracy in adverse weather conditions for LDWS and the maintenance and replacement costs associated with TPMS sensors also pose hurdles to widespread adoption.

Concentration Insights

The global market for TPMS and LDWS exhibits a high degree of concentration among a cluster of leading international automotive suppliers and technology companies. This concentration is a result of the significant capital investment required for research and development, coupled with the necessity of establishing robust supply chains and securing long-term contracts with major automobile manufacturers (OEMs). Key players that dominate this space include Continental AG, ZF Friedrichshafen AG, Denso Corporation, Valeo, and Aptiv PLC. These corporations possess a comprehensive portfolio of automotive safety and electronics products, allowing them to offer integrated ADAS solutions that bundle TPMS and LDWS with other functionalities. Their strong relationships with global OEMs provide a formidable barrier to entry for smaller or new market entrants. Furthermore, these leading firms are actively engaged in strategic mergers, acquisitions, and partnerships to consolidate their market position, acquire new technologies, and expand their geographical footprint. This concentrated nature ensures that innovation is rapid and standards are high, but it also means that competition on price, technology, and reliability is exceptionally fierce among the top contenders.

Type Insights

The TPMS market is primarily segmented into two technology types: direct TPMS and indirect TPMS. Direct TPMS utilizes physical pressure sensors mounted inside each tire, which transmit real-time pressure data to a central control unit. This system is highly accurate and can pinpoint the specific tire that is under-inflated. Indirect TPMS, on the other hand, leverages the existing wheel speed sensors of the vehicle's anti-lock braking system (ABS) to infer pressure loss by comparing the rotational speed of the wheels. While indirect systems are generally less expensive as they require no additional hardware in the wheels, they are often less accurate and can require resetting after tire rotations or pressure adjustments. The LDWS market is also evolving in its typology, from basic systems that provide warnings to more advanced lane-keeping assist systems (LKAS) that can actively provide gentle steering input to keep the vehicle centered in its lane. The technology for lane detection has progressed from primarily using cameras to sensor fusion approaches that incorporate radar and LiDAR data for improved reliability in poor visibility conditions.

Application Insights

The application of TPMS and LDWS technology spans across various vehicle types, each with distinct adoption dynamics. The passenger cars segment represents the largest application area, driven overwhelmingly by regulatory mandates that have made these systems standard equipment in most new models across North America, Europe, and key Asian markets. The consumer demand for enhanced safety features in family vehicles further solidifies this dominance. The commercial vehicle segment, including light commercial vehicles, trucks, and buses, is a rapidly growing application area. For commercial fleets, TPMS is critical for reducing downtime, improving fuel economy, and ensuring safety over high mileage, while LDWS is invaluable for preventing accidents caused by driver fatigue on long hauls. Government regulations are increasingly targeting this segment as well. Furthermore, there is a nascent but promising application in the two-wheeler market, particularly for premium motorcycles, where manufacturers are beginning to explore integrating these advanced safety systems to enhance rider safety and differentiate their products.

Regional Insights

The adoption and development of the TPMS and LDWS market show distinct regional patterns influenced by regulatory frameworks, economic development, and consumer preferences. North America and Europe are established, mature markets. Their leadership is cemented by early and strict regulatory interventions; for example, the TREAD Act in the US made TPMS mandatory for all new light vehicles from 2007 onward. The European Union has similarly enacted regulations like the General Safety Regulation, which phases in requirements for LDWS and other ADAS. The Asia-Pacific region is the fastest-growing market, fueled by the expanding automotive production and sales in China, Japan, and South Korea, alongside increasing safety awareness and the gradual introduction of stronger safety standards. Countries like India are also emerging as significant markets as they propose their own vehicle safety mandates. Latin America and the Middle East & Africa are currently smaller markets but present future growth potential as their automotive industries develop and economic conditions allow for greater integration of vehicle safety technologies.

Company Insights

The competitive arena of the TPMS and LDWS market is populated by a mix of global automotive tier-1 suppliers and specialized technology firms. Continental AG is a dominant force, offering a comprehensive suite of sensors, electronic control units, and software for both systems. ZF Friedrichshafen strengthened its position significantly through its acquisition of TRW Automotive, becoming a powerhouse in active and passive safety technology. Denso Corporation, a key Japanese supplier, is renowned for its high-quality sensors and electronics, maintaining strong ties with OEMs like Toyota. Valeo, a French company, is a leader in camera-based vision systems that are fundamental to modern LDWS. Aptiv PLC, spun off from Delphi, focuses heavily on the architecture and software necessary for advanced safety and autonomous driving. Other notable players include NXP Semiconductors, which provides crucial semiconductor components, and Hella GmbH, known for its lighting and electronics expertise. These companies compete intensely on technology innovation, system integration capabilities, cost-effectiveness, and global customer support.

Recent Developments

The TPMS and LDWS market is dynamic, with recent developments focused on technological integration, software enhancement, and strategic corporate movements. A prominent trend is the move towards "software-defined vehicles," where capabilities like LDWS are increasingly delivered through advanced algorithms and can be improved via over-the-air updates, a strategy being pursued by companies like Tesla and others. In TPMS, development is leaning towards more intelligent sensors with longer battery life and the ability to transmit additional data, such as temperature and acceleration. There has been a surge in partnerships between traditional automotive suppliers and technology companies to co-develop next-generation systems; for instance, collaborations focusing on sensor fusion for more robust lane detection. Furthermore, the industry is witnessing consolidation as larger entities acquire smaller specialists to gain access to proprietary technology and expertise. The entry of semiconductor companies into this space is also notable, as they develop more powerful and efficient chipsets to process the vast amounts of data generated by these safety systems.

Report Segmentation

This market research report on the Tire Pressure Monitoring System and Lane Departure Warning System market provides a detailed and structured analysis segmented to offer granular insights. The report is segmented by type, delving into the distinctions between direct and indirect TPMS technologies, as well as the various generations of lane departure systems, from basic warning systems to active lane-keeping assist. The application segmentation provides a thorough analysis across passenger cars, light commercial vehicles, heavy commercial vehicles, and other vehicle types, highlighting the specific drivers and adoption rates in each category. Geographically, the report offers a comprehensive regional breakdown covering North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, analyzing the regulatory environment, market maturity, and growth prospects in each region. Furthermore, the report includes a dedicated competitive landscape section that profiles key companies, discusses their market share, product portfolios, and recent strategic initiatives such as mergers, acquisitions, and new product launches. This multi-faceted segmentation allows stakeholders to pinpoint specific areas of opportunity and competitive intensity within the broader market.

FAQs

What is a Tire Pressure Monitoring System (TPMS)?

A Tire Pressure Monitoring System 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, typically via a dashboard display, pictogram display, or a simple low-pressure warning light. This technology is crucial for maintaining optimal tire pressure, which enhances safety, improves fuel economy, and extends tire life.

How does a Lane Departure Warning System work?

A Lane Departure Warning System uses a forward-facing camera, typically mounted near the rearview mirror, to identify lane markings on the road. The system's software continuously analyzes the video feed to determine the vehicle's position relative to the lane boundaries. If the vehicle begins to drift out of its lane without the turn signal being activated, the system triggers a warning to alert the driver. This warning can be visual, audible, or haptic, such as a vibration in the steering wheel or seat.

What is the difference between LDWS and LKAS?

While both systems are related to lane management, a Lane Departure Warning System is a passive system that only provides an alert to the driver when an unintended lane departure is detected. In contrast, a Lane Keeping Assist System is an active system that not only warns the driver but can also intervene by applying gentle corrective steering torque to guide the vehicle back into the center of the lane. LKAS represents a more advanced evolution of the basic LDWS technology.

Are TPMS and LDWS mandatory?

Mandates for these systems vary by region. TPMS has been mandatory for all new passenger vehicles in the United States since 2007 and in the European Union for new type approvals since 2012 and all new registrations since 2014. LDWS became mandatory for all new passenger cars and vans in the European Union in 2022 under the General Safety Regulation. Other regions, like Japan and South Korea, also have regulations, while many countries are in the process of proposing or implementing similar rules.

Can you add TPMS or LDWS to an older car?

Yes, both systems are available in the aftermarket. For TPMS, aftermarket kits can be installed, often involving sensor valves that replace the standard ones and a display unit for the cabin. For LDWS, aftermarket solutions are less common but exist; they typically involve mounting a dedicated camera on the windshield and connecting it to a control unit that provides warnings. The effectiveness and integration of aftermarket systems can vary compared to factory-installed OEM systems.

Who are the leading companies in this market?

The market is led by large, global automotive suppliers who provide integrated systems directly to vehicle manufacturers. Key players include Continental AG, ZF Friedrichshafen, Denso Corporation, Valeo, and Aptiv. These companies possess extensive expertise in automotive safety, electronics, and sensor technology, and they supply a significant portion of the global OEM market for both TPMS and LDWS components and systems.

Citius Research has developed a research report titled “Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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

• Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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.

Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market Segmentation

Market Segmentation

Regions Covered

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

Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market Analysis

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

• Overview of Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market
• Research Methodology
• Executive Summary
• Market Dynamics of Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market
• Cost and Gross Margin Analysis of Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market
• Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 “Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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.

Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market Key Stakeholders

Below are the key stakeholders for the Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market:

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

Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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.

Customize This Report

Frequently Asked Questions

The Global Tire Pressure Monitoring System (TPMS) Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market is expected to grow at a CAGR of XX% from 2023 to 2030.

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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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 Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) 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.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports