Asia Pacific Automotive TPMS Market - Forecasts and Trends 2017 - 2022

  • ID: 4384730
  • Report
  • Region: Asia, Asia Pacific
  • 111 pages
  • Mordor Intelligence
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The Asia Pacific Automotive TPMS market is poised to grow at a CAGR of 18.46% till 2020. The market in the countries from the Asia-Pacific region is expected to witness the highest growth rate in the global automotive TPMS market. In addition, the increasing demand from the developing and emerging markets such as India, Thailand and China, due to their increase in demand for automobiles (especially luxury vehicles), and new TPMS regulations in China and South Korea would positively affect the growth of the market. In addition, developed economies such as Australia and Singapore, the safety systems adopted in compact/mid-sized vehicles are comparable to that available in Europe and North America. For the Australian market, the TPMS systems featured in automobiles are, driven significantly by the high level of safety awareness among the local population.

TPMS is an electronic system, designed to provide real-time information about tire pressure by monitoring the air pressure inside the tires. In addition, TPMS warns the driver about the number of tires that are underinflated. Factors such as adoption of safety regulations by governments/agencies in the Asia-Pacific countries and the increase in the vehicle sales & safety installations for each vehicle is helping to accelerate the demand of automotive TPMS and other allied safety system in the region. Tire blowouts because of underinflated and overinflated tires result in accidents and human fatalities. The rising concerns for passenger and automobile safety have compelled governments across the region to implement safety regulations (for instance, the weekly safety assessment program by C-NCAP). Appropriately inflated tires also helps to improve the fuel efficiency of the vehicle. The demand for fuel-efficient vehicles form the Asia-Pacific countries would also help to drive the automotive TPMS market in the region.

The market of direct TPMS is expected to dominate the Asia- Pacific market, and would significantly help to drive the TPMs market in the region. This is due to the inherent functional advantages provided by the direct sensors. The Premium segment of passenger vehicles would constitute the highest share in the automotive TPMS market. The OEMs have an increased focus to implement more of safety features, although mandatory TPMS regulations are not prevalent in Asia- Pacific countries, which is due to the means of attaining product differentiation from the other mid-segment vehicles and also exploiting the improved economic conditions of the region. However the functional errors in TPMS, deter consumers from placing faith in such types of new technology. Awareness of TPMS among consumers has been low in the region and the only installations have been in OEM-fitted vehicles. However, with the growing safety concerns among consumers, and with the development of programmable and easily configurable TPMS systems, the demand for entry-level vehicles equipped with safety features is increasing, thereby boosting the demand for electronic TPMS and TPMS sensors in Asia Pacific region. Prominent vendors in the TPMS market in the region, include Denso Corporation (Japan), Omron Corporation (Japan), and Takata Corporation (Japan) are some of the dominant players in this region.

WHAT THE REPORT OFFERS

Market Definition along with identification of key drivers and restraints for the market.
Market analysis with country specific assessments and competition analysis in the Asia-Pacific TPMS market.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on the regional scale and at the country level.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the industry on both global and regional scale
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1. INTRODUCTION
1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and Forecast Period Years
1.6 General Study Assumptions
1.7 New Developments in R&D/ Latest Technologies
2. RESEARCH METHODOLOGY
2.1 Introduction
2.2 Analysis Methodology
2.3 Econometric Forecast Model
2.4 Research Assumptions
3. EXECUTIVE SUMMARY
4. KEY INFERENCES
5. MARKET OVERVIEW AND TECHNOLOGY TRENDS
5.1 Current Market Scenario
5.2 Technological Developments
5.3 Investment Analysis
5.4 Porter's Five Forces Framework
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products and Services
5.4.5 Competitive Rivalry within the industry
5.5 Drivers, Restraints, Opportunities and Challenges
5.6 Technology Trends
6. AUTOMOTIVE TPMS MARKET, BY TYPE
6.1 Direct TPMS
6.2 Indirect TPMS
7. AUTOMOTIVE TPMS MARKET, BY END USER SEGMENT
7.1 OEMS
7.2 Aftermarket
8. AUTOMOTIVE TPMS MARKET, BY VEHICLE TYPE
8.1 Passenger Vehicles
8.2 Light Commercial Vehicles
8.3 Heavy Commercial Vehicles
9. AUTOMOTIVE TPMS MARKET- BY COUNTRY - Share and Forecasts
9.1 Asia-Pacific (APAC)
9.1.1 Introduction
9.1.2 China
9.1.3 Japan
9.1.4 India
9.1.5 South Korea
9.1.6 Australia
9.1.7 Rest of Asia-Pacific
10. COMPETITIVE LANDSCAPE
10.1 Market Share Analysis
10.2 Organic and Inorganic Growth Strategies
10.3 Patent Analysis
10.4 The Challenges
10.5 Zero-Sum Quadrant
11. KEY VENDOR ANALYSIS
11.1 Continental
11.2 Pacific Industrial
11.3 Schrader Electronics
11.4 ALLIGATOR Ventilfabrik GmbH
11.5 Advantage PressurePro Enterprises Inc.
11.6 Denso
11.7 Bartec Group
11.8 Bendix Commercial Vehicle Systems LLC
11.9 Delphi Automotive LLP
11.10 Dill Air Control Products
11.11 Freescale Semiconductor
11.12 Doran Manufacturing LLC
11.13 Hella KGaA Hueck & Co
11.14 Huf Electronics Bretten GmbH
11.15 Omron
11.16 ZF TRW
11.17 Takata
11.18 Valeo
11.19 FUTURE OUTLOOK OF THE MARKET
12. APPENDIX
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