TPMS market is growing, says report

ERJ staff report (SS) Dublin, Ireland -- Research and Markets has added a report on the Tyre Pressure Monitoring Systems (TPMS) market to its offerings.

The report looks at progress in indirect measurement systems, legislation change in Europe for reducing CO₂ emissions, moving the sensor from the valve to the tyre inlay and energy harvesting devices technologies and integration.

The market opportunity for TPMS MEMS market is currently 99 percent, said Research and Markets, in a 14 Dec statement. If nothing changes in European or Asian legislation, said the company, the current market for TPMS pressure sensors is expected to reach $183 million (€127.6 million) in 2012 from $168 million in 2007.

Research and Markets believes that the TPMS market is driven by legislation. In the US TPMS are mandatory in all new cars and the company believes that if the European legislation makes TPMS mandatory equipment on all new cars, driven by rising concerns on CO2 emissions, the pressure sensor market will be worth over $300 million by 2012.

The overall market growth is hence expected to be single-digit for the next five years, from $167 million in 2007, said Research and Markets.

The report, which costs €3490, also profiles 20 companies in the market, looking in depth at each company's TPMS activity, products, technology, processes, R&D works, partners and customers.

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