Indirect Tire Pressure Monitoring System Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0187119
  • Format: Electronic (PDF)
  • Number of Pages: 175
  • Author(s): Joshi, Madhavi

Report Overview

The Indirect Tire Pressure Monitoring System Market size was estimated at USD 2.8 billion in 2023 and is projected to reach USD 6.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.50% during the forecast period (2024-2030).

Indirect Tire Pressure Monitoring System Market

(Market Size)
$2.8 billion
$6.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 13.50%
2023 Market Size USD 2.8 billion
2030 Market Size USD 6.5 billion
Key Players Continental, ZF, Huf, Pacific Industrial, Denso

Market Summary

The Indirect Tire Pressure Monitoring System (TPMS) market is a critical segment within the automotive safety and transportation industry, focused on enhancing vehicle safety and operational efficiency. Unlike direct TPMS, which uses physical pressure sensors in each tire, indirect systems leverage existing anti-lock braking system (ABS) sensors to monitor wheel speed and detect pressure loss through rotational differences. This technology is increasingly adopted due to its cost-effectiveness and integration simplicity with existing vehicle architectures. The market is driven by stringent government safety regulations mandating TPMS installation in new vehicles, particularly in regions like North America and Europe. Key industry participants include established automotive suppliers and technology firms developing advanced algorithms to improve system accuracy and reliability. The growing consumer awareness regarding vehicle safety and the rising production of automobiles globally further support market expansion. Indirect TPMS is predominantly featured in passenger cars and light commercial vehicles, offering a balanced solution between performance and affordability. As automotive electronics evolve, indirect systems continue to benefit from advancements in sensor fusion and software capabilities, positioning them as a viable option for manufacturers aiming to meet regulatory requirements while controlling costs.

Key Highlights

The Indirect Tire Pressure Monitoring System market is characterized by several key highlights that underscore its significance in the automotive sector. A primary advantage is its lower cost compared to direct TPMS, as it utilizes existing ABS infrastructure, reducing additional hardware requirements. This cost efficiency makes it attractive for economy and mid-range vehicle segments. Technological advancements have enhanced the accuracy of indirect systems, addressing earlier limitations related to false alarms and calibration issues. Regulations such as the U.S. TREAD Act and European Union directives have been instrumental in driving adoption, ensuring compliance across major automotive markets. Leading automotive manufacturers, including Volkswagen, Ford, and Toyota, integrate indirect TPMS in various models, highlighting its widespread acceptance. The system's ability to provide real-time alerts without dedicated sensors contributes to improved vehicle safety by reducing risks associated under-inflated tires, such as blowouts and poor fuel economy. Additionally, the integration with vehicle onboard diagnostics and telematics systems enables proactive maintenance alerts, enhancing overall user experience. The market also sees innovation through partnerships between automotive OEMs and technology providers, focusing on software upgrades and compatibility with electric and autonomous vehicles.

Drivers, Opportunities & Restraints

Drivers propelling the Indirect Tire Pressure Monitoring System market include stringent governmental safety regulations mandating TPMS installation in new vehicles, which ensure reduced accidents and enhanced road safety. Growing consumer awareness about the benefits of maintained tire pressure, such as improved fuel efficiency and longer tire lifespan, further stimulates demand. The cost advantage of indirect systems over direct alternatives makes them preferable for manufacturers targeting budget-conscious segments. Opportunities abound in emerging economies where automotive production is rising, and regulatory frameworks are evolving to include safety standards. Technological integration with advanced driver-assistance systems (ADAS) and connected car platforms presents new avenues for growth, allowing indirect TPMS to function as part of a broader vehicle health monitoring ecosystem. However, restraints include limitations in accuracy compared to direct systems, particularly in scenarios involving simultaneous tire pressure loss or uneven road conditions. Calibration requirements after tire changes or rotations can inconvenience users, potentially affecting adoption. Additionally, the increasing popularity of direct TPMS in premium vehicles may segment the market, though indirect systems remain competitive due to their affordability and continual improvements in algorithmic reliability.

Concentration Insights

The Indirect Tire Pressure Monitoring System market exhibits a concentrated competitive landscape with a mix of global automotive suppliers and specialized technology firms dominating innovation and supply. Key players such as Continental AG, ZF Friedrichshafen, and NXP Semiconductors lead in developing integrated solutions that combine indirect TPMS with other vehicle systems. These companies focus on partnerships with automotive OEMs like General Motors and Hyundai to ensure widespread implementation. Geographically, development and production are concentrated in regions with strong automotive manufacturing bases, including North America, Europe, and Asia-Pacific. Europe, in particular, is a hub for technological advancements due to the presence of major automotive brands and stringent regulatory standards. The market also sees contributions from semiconductor companies enhancing sensor processing capabilities and software firms refining algorithm accuracy. This concentration fosters a environment of rapid innovation but also poses barriers to entry for new players due to high R&D costs and the need for established OEM relationships. Nonetheless, niche players and startups are emerging with focus on AI-driven improvements and compatibility with next-generation vehicles.

Type Insights

Indirect Tire Pressure Monitoring Systems are primarily categorized based on their technological approach and integration methods, with the most common type being the wheel speed sensor-based system that utilizes existing ABS hardware. This type calculates tire pressure by monitoring rotational speeds of wheels; a under-inflated tire has a smaller diameter and rotates faster, triggering an alert. Another emerging variant incorporates additional vehicle parameters, such as load and driving conditions, through advanced algorithms to enhance accuracy. These systems are increasingly software-driven, allowing updates and customization via vehicle electronic control units. The dominance of wheel speed-based systems stems from their cost-effectiveness and simplicity, making them suitable for mass-market vehicles. However, developments in hybrid systems that combine indirect methods with minimal sensor inputs are gaining traction, offering a middle ground between cost and precision. The evolution towards more intelligent indirect TPMS is evident, with machine learning techniques being applied to reduce false warnings and improve detection under diverse driving scenarios. This typological diversity ensures that indirect TPMS remains relevant across various vehicle segments and consumer needs.

Application Insights

Indirect Tire Pressure Monitoring Systems find primary application in passenger cars, where safety regulations and consumer demand for economical solutions drive adoption. These systems are standard in many compact, sedan, and SUV models, providing essential pressure alerts without significantly increasing vehicle costs. Light commercial vehicles also utilize indirect TPMS to maintain fleet efficiency and safety, as proper tire pressure reduces fuel consumption and prevents downtime due to tire-related issues. The application extends to some electric vehicles, where integration with energy management systems helps optimize range by ensuring optimal tire pressure. Additionally, indirect TPMS is being explored for use in two-wheelers and recreational vehicles, though adoption is nascent. The aftermarket segment represents another application area, with retrofit kits enabling older vehicles to benefit from TPMS functionality. In all applications, the key value proposition lies in enhancing safety through timely alerts and supporting maintenance schedules. As connected car technologies advance, indirect TPMS applications are expanding to include data sharing with telematics services for proactive fleet management and insurance-related monitoring, further broadening their utility in the automotive ecosystem.

Regional Insights

Regionally, the Indirect Tire Pressure Monitoring System market is influenced by varying regulatory standards and automotive production trends. North America represents a significant market due to early adoption mandates like the TREAD Act, which requires TPMS in all new passenger vehicles. The presence of major automakers and a strong focus on vehicle safety sustain demand here. Europe follows closely, with stringent EU regulations driving compliance and technological innovation, particularly in countries like Germany and France where automotive manufacturing is prominent. The Asia-Pacific region is experiencing rapid growth, fueled by increasing vehicle production in China, India, and Japan, alongside rising safety awareness and evolving regulations. Markets in Latin America and the Middle East are emerging, with adoption growing as local regulations align with global standards and economic development boosts automotive sales. Each region exhibits unique dynamics; for example, Europe emphasizes integration with advanced automotive systems, while Asia-Pacific focuses cost-effective solutions for high-volume production. Regional differences in driving conditions and consumer preferences also shape product features, such as enhanced durability for varied terrains in emerging markets.

Company Insights

Prominent companies in the Indirect Tire Pressure Monitoring System market include established automotive technology suppliers and semiconductor firms. Continental AG offers integrated solutions that combine indirect TPMS with its broader chassis and safety systems, targeting partnerships with global OEMs. ZF Friedrichshafen provides advanced indirect systems leveraging its expertise in driveline and chassis technology. NXP Semiconductors supplies critical semiconductor components that enable processing for indirect TPMS algorithms. Other key players include Bosch, which develops software-intensive systems for improved accuracy, and WABCO, focusing commercial vehicle applications. These companies compete on technological innovation, reliability, and cost-effectiveness, often engaging in long-term contracts with automotive manufacturers. Strategies involve continuous R&D to enhance algorithm performance and expand compatibility with electric and autonomous vehicles. Smaller firms and startups, such as those specializing in AI-based analytics, are entering the market with niche solutions. The competitive landscape is characterized collaboration, with companies forming alliances to develop standardized systems and address regional regulatory requirements. This focus on innovation and partnership ensures that the market remains dynamic and responsive to evolving automotive needs.

Recent Developments

Recent developments in the Indirect Tire Pressure Monitoring System market highlight ongoing technological advancements and strategic industry movements. Key players have introduced software updates that improve calibration processes and reduce false alerts, enhancing user experience. For instance, advancements in machine learning algorithms allow systems to better distinguish between actual pressure loss and other factors like road surfaces or driving styles. Partnerships between automotive OEMs and technology providers have intensified, aiming to integrate indirect TPMS with connected car platforms and ADAS for comprehensive vehicle monitoring. There is a growing emphasis on developing systems for electric vehicles, where tire pressure directly impacts battery range and efficiency. Regulatory updates in emerging markets, such as proposals for TPMS mandates in India and Southeast Asia, are creating new growth opportunities. Additionally, companies are focusing on reducing the system's power consumption to align with the sustainability goals of modern vehicles. Recent product launches include more compact and efficient electronic control units that simplify installation and maintenance. These developments reflect a trend towards smarter, more integrated indirect TPMS solutions that meet future automotive requirements while maintaining cost advantages.

Report Segmentation

The Indirect Tire Pressure Monitoring System market report is segmented to provide detailed analysis across multiple dimensions. Segmentation by type distinguishes between pure indirect systems using ABS sensors and hybrid approaches that incorporate additional data sources for improved accuracy. By application, the market is divided into passenger cars, light commercial vehicles, and potential emerging segments like two-wheelers. Geographic segmentation covers key regions North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, each analyzed for regulatory impact, adoption rates, and growth potential. Further segmentation may include technology aspects, such as algorithm type and integration level with vehicle networks. The report also examines the aftermarket versus OEM segments, highlighting demand patterns and distribution channels. This structured approach allows stakeholders to identify specific opportunities and challenges within niche areas, supporting strategic decision-making. Each segment is evaluated based on factors like technological trends, competitive landscape, and regulatory influences, providing a comprehensive view of the market dynamics and future directions.

FAQs

How does an indirect tire pressure monitoring system work? Indirect TPMS uses the vehicle's existing anti-lock braking system sensors to monitor the rotational speed of each wheel. When a tire loses pressure, its diameter decreases slightly, causing it to rotate faster than others. The system detects this speed discrepancy and alerts the driver through a dashboard warning.

What are the benefits of indirect TPMS? Benefits include lower cost compared to direct systems, as it requires no additional hardware beyond ABS sensors. It also reduces maintenance complexity and is easier to integrate into vehicles. Indirect TPMS enhances safety by providing timely alerts for under-inflation, which can improve fuel efficiency and tire lifespan.

Are there any regulations mand indirect TPMS? Yes, regulations such as the U.S. TREAD Act and European Union directives require TPMS in new passenger vehicles. These mandates focus on improving road safety by ensuring tires are properly inflated, and indirect systems are a cost-effective compliance solution for many manufacturers.

How accurate is indirect TPMS compared to direct systems? Indirect TPMS is generally less accurate than direct systems, as it infer pressure rather than measuring it directly. It can sometimes generate false alarms due to factors like uneven road surfaces or aggressive driving. However, advancements algorithms have significantly improved its reliability.

Can indirect TPMS be installed in aftermarket vehicles? Yes, aftermarket kits are available that enable retrofitting indirect TPMS to older vehicles. These systems typically involve adding software and leveraging existing ABS sensors, though professional installation is recommended ensure proper calibration and functionality.

What maintenance is required for indirect TPMS? Maintenance involves regular system checks and recalibration after tire rotations, changes, or adjustments to tire pressure. This ensures accurate monitoring. Unlike direct systems, there are no sensors batteries to replace, reducing long-term upkeep costs.

Citius Research has developed a research report titled “Indirect 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

• Indirect 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 Indirect 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.

Indirect Tire Pressure Monitoring System Market Segmentation

Market Segmentation

Regions Covered

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

Indirect Tire Pressure Monitoring System Market Analysis

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

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

Indirect Tire Pressure Monitoring System Market Key Stakeholders

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

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

Indirect 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 Indirect 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 Indirect 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 Indirect 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

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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 Indirect 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 Indirect 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 Indirect 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 Indirect 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 Indirect 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 Indirect 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 Indirect 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 Indirect 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 Indirect 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 Indirect 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 Indirect 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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