With technological advancements in the automotive sector, customer focus has been shifted toward more advanced safety features in vehicles. Automakers are paying high attention on tires because it has a big influence on driving safety. The sensors mounted on tires provides real-time information of the wheel to the driver. Introduction of IoT has enhanced the importance of tire sensors as it enables that provide useful information like traction, tread wear, temperature, load, pressure, deformation, wheel loading, friction on a device. Moreover, installation of sensors in tires act as a preventive maintenance tool and thereby increases the durability of tires.

COVID-19 scenario analysis:

The financial market has disrupted totally due to coronavirus pandemic.
The halt in production of vehicles industries has impacted heavily automated tire mounted sensor industries. Although this won’t affect the aftermarket sales of the automotive tire mounted sensor.
Further, transportation restrictions and stringent government policies are causing a downturn in the growth scale of the automotive tire mounted sensor market.
However, the advanced safety offered by various sensors installed in tire will help the automotive tire mounted sensor market even in the pandemic situation.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-toc-and-sample/9503

The Automotive tire mounted sensor market trends are as follows:

Technological developments to nurture the market growth
Automakers are heavily investing in R&D of autonomous vehicles. Moreover, Internet of things has contributed enormously in the automotive sector. With the integration of tire mounted sensors and IoT, the information of tire can be controlled remotely through an application in mobile. Additionally, IoT-based platform has helped the fleet management services significantly. Besides, the manufacturers are focusing on making compact design for sensors. For instance, IntelliSens sensors by Huf Hülsbeck & Fürst GmbH & Co. KG, has designed compact design of sensors which reduces the housing and thus significantly the weight of the sensor, further aiding the sensor in efficient-working.

Surge in usage of tire pressure monitoring system in cars
Industrialization has paved its way for the rise in number of vehicles & income of people. The living standards of people have bettered in developed economies. This has led to increase in sales and production of luxury cars. TPMS being fitted in majority of luxury cars, the demand for its market has also grown simultaneously. Many manufacturers have adopted TPMS system in their cars considering consumer demand. Looking at the aftermarket sales of TPMS, economy car manufacturers would also want to equip this system in near future.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧g : https://www.alliedmarketresearch.com/purchase-enquiry/9503

Key benefits of the report:

This study presents the analytical depiction of the automotive tire mounted sensor industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
The current market is quantitatively analyzed to highlight the automotive tire mounted sensor market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years.

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