London, United Kingdom, December 09, 2016 --(PR.com
)-- A tire pressure monitoring system (TPMS) is an electronic system, designed to supply real-time info about tire pressure by monitoring the air pressure inside tires.
Today, tire pressure monitoring systems are gaining more and more popularity, as they are considered to play an important role in vehicle efficiency.
Driven by strict government regulations regarding vehicle emissions and increase of fuel efficiency, constantly escalating demand and rising availability of systems in aftermarket across developed countries, the world’s pressure tire monitoring system market is poised to continue following an upward trend in the years to come. Through 2020, the value of the market is predicted to grow at a CAGR of almost 15%.
However, some factors pose challenge to the further growth in the TPMS market, for example, functional failure of system and inaccuracy of electronic sensors.
Leading vendors in the NPMS market include DENSO, WABCO, NXP, Continental and ZF TRW.
Cutting-edge report from Infiniti Research titled “Global Tire Pressure Monitoring System Market 2016-2020” has been recently uploaded at MarketPubishers.com and now is available at https://marketpublishers.com/report/machinery/auto_parts/global-tire-pressure-monitoring-system-market-2011-2015.html
This report presents in-depth insights into the current market scenario, highlights the historical background and also provides a comprehensive future outlook through 2020. The report comprises info on the key growth driving and restraining factors, discusses the latest trends and developments, investigates the situation across the major geographical markets and touches upon the top opportunities and challenges.
Many other topical research reports by Infiniti Research are available at MarketPublishers.com.
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