Dec 24 2012
Research and Markets has announced the addition of the "Global Tire Pressure Monitoring System Market 2011-2015" report to their offering.
One of the key factors contributing to this market growth is the increasing number of passenger safety initiatives by governments across the globe. The Global Tire Pressure Monitoring System market has also been witnessing the increasing adoption of direct tire pressure monitoring systems. However, a few product-related issues could pose a challenge to the growth of this market.
The key vendors dominating this market space are Schrader Electronics Ltd., Continental AG, TRW Automotive Holdings Corp., and Pacific Industrial Co. Ltd.
The other vendors mentioned in the report are Lear Corp., BorgWarner BERU Systems GmbH, Robert Bosch GmbH, Alps Electric Co. Ltd., and Delphi Automotive LLP.
Commenting on the report, an analyst from TechNavio's Automotive team said: ''The increasing adoption of direct tire pressure monitoring systems is one of the major trends in the Global Tire Pressure Monitoring System market. In a direct tire pressure monitoring system, the pressure sensor is attached to the tire and pressure inside the tire is calculated with the help of pressure transducers, whereas in an indirect tire pressure monitoring system, the pressure is calculated with the help of individual wheel rotational speeds and the anti-lock braking system or the electronic stability control system. The direct tire pressure monitoring system is more sensitive, reliable, easy to use, and preferable when compared with the indirect tire pressure monitoring system.''
According to the report, governments across the globe are encouraging the use of tire pressure monitoring systems in automobiles. This is mainly because of the increasing need for passenger safety. Road accidents and casualties from these accidents are increasing year on year.
Source: http://www.researchandmarkets.com