Global Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market By Vehicle (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Sales Channels (OEM, Aftermarket), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

A Tire Pressure Monitoring System (TPMS) is an electrical system that measures the air pressure within the pneumatic tires of various vehicles. A TPMS gives the driver of the vehicle real-time tire-pressure information via a gauge, pictogram displays, or a basic low-pressure warning light. There are two forms of TPMS: direct (dTPMS) and indirect (iTPMS) (iTPMS).

TPMS is available as a factory-installed option as well as an aftermarket option. The purpose of a TPMS is to prevent road accidents, poor fuel economy, and increased tire wear caused by under-inflated tires.

On roads, a Lane Departure Warning System (LDWS) is a mechanism that alerts the driver when a motor vehicle starts to move out from its lane (except a turn signal is activated for its respective direction). These technologies are intended to reduce collisions by tackling the three major causes of accidents: drowsiness, driver error, and distractions.

Detailed Segmentation –

The global TPMS, LDWS market is segmented on the basis of – Vehicle Types, Sales Channels, and Region. A detailed segmental description is represented below:

Based on Vehicle Types:

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Based on Sales Channels:

• OEM
• Aftermarket

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Based on Key Players:

• Autoliv Inc.
• Continental AG
• Delphi Automotive PLC
• Denso Corporation
• Magna International Inc.
• Omron Corporation
• Robert Bosch GMBH
• TRW Automotive Holdings Corp.
• Takata Corporation
• Valeo S.A.
• among others.

Market Dynamics –

Drivers for the Global Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market:

Factors such as the imposition of safety regulations by respective governments/agencies, the exponential increase in vehicle sales, as well as safety installations according to vehicle type, are elements expected to propel the demand for automotive TPMS and LDW safety systems.

Over time, automotive safety systems have become more advanced, and efficient. To reduce the incidence of accidents and alleviate the impact of accidents on occupants, the automobile industry is increasingly implementing innovative technologies. Automotive safety systems have played an essential part in attaining these goals by making vehicles safer for their occupants. One of the reasons for the automotive safety system industry is a recent shift in the attitudes of governments and customers toward car safety features. These are certain factors that will help augment this market in the years to come.

Competitive Landscape –

Key players in this market are – Autoliv Inc., Continental AG, Delphi Automotive PLC, Denso Corporation, Magna International Inc., Omron Corporation, Robert Bosch GMBH, TRW Automotive Holdings Corp., Takata Corporation, and Valeo S.A., among others.

For the Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market research study, the following years have been considered to estimate the market size: