Transparency Market Research in its new report titled, “Automotive Tire Information System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the automotive tire information system market. The TMR report anticipates that the rapid increase in demand for driving safety and driving comfort related to tire conditions of the vehicle will drive the automotive tire information system market during the forecast period i.e, 2018-2026. Increase in rate of adoption and stringent standards enacted by regulatory bodies toward active safety systems such as advance driver assistance system are prominent factors that are projected to propel the automotive tire information system market during the forecast period. Reduction in the number of accidents and improved vehicle handling, owing to the adoption of the system, are expected to boost the automotive tire information system market, says the report.

The TMR report has segregated the automotive tire information system based on component, vehicle type, components sales channel, and region. In terms of component, the automotive tire information system market is split into four segments. Among them, the sensors segment accounts for a major share of market. Sensors monitor and measure the vehicle tire pressure and report it to corresponding monitor or the vehicle's instrument cluster. On the basis of vehicle type, the automotive tire information system market is divided into passenger vehicles and commercial vehicles. Among these, the passenger vehicles segment holds a majority share of the market, as compared to the commercial vehicle segment, owing to higher rate of adoption of the safety system. Additional benefits such as reduction in direct wear of the tire, better vehicle handling, and improvement in fuel efficiency are major factors that are likely to drive the passenger vehicle segment of the automotive tire information system market during the forecast period.

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In terms of components sales channel, the automotive tire information system market is divided into original equipment manufacturers (OEMs) and aftermarket. The OEMs segment accounts for a significant share of the market, as compared to the aftermarket segment. Rising demand for automotive advance safety systems in modern vehicles and increasing adoption of safety systems owing to their benefits are boosting the OEMs segment of the automotive tire information system market. From a regional perspective, the global automotive tire information system market is classified into Asia Pacific, Europe, North America, Latin America, Middle East & Africa, and Rest of the World. Among these, Europe accounts for a major share of the global automotive tire information system market owing to the significant rate of adoption of advance driver assistance systems, leading to increased production in vehicles incorporated with automotive tire information systems, especially in Germany, the U.K., France, and Spain. Stringent safety norms passed by state regulation bodies are anticipated to fuel the automotive tire information system market in this region. Europe is expected to remain a prominent market for automotive tire information system, owing to the presence of major OEMs of the automotive industry in the region.

Some of the major players operating in the global automotive tire information system market are profiled in this report to give a better competitive analysis and these include Continental AG, Robert Bosch GmbH, Valeo, Delphi, ZF Friedrichshafen AG, Denso Corporation, Pacific Industrial Co. Ltd., Huf Hülsbeck & Fürst GmbH & Co. KG, Wabco, Sensata Technologies, Inc., NXP Semiconductors, and AVE technologies S.r.l.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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