TPMS market to be worth $1700 million

Boston, Massachusetts--TPMS (tyre pressure monitoring systems) "will become the fastest growing automotive electronic system with volume over the next few years," according to Simon Schofield, Senior Analyst with the Strategy Analytics Automotive Electronics Practice. "The next challenge is to perfect a battery-less design in order to reduce costs and avoid recycling issues including heavy metals directives".

TPMS monitors the air pressure in order to warn drivers of either under or over inflation. Stress from improper tyre pressure can lead to tyre blowouts, and serious, or even fatal, automotive accidents. As a niche product TPMS has been available for some time. Following the experience of Ford Motor Company and Bridgestone, Congress enacted the Transportation Recall, Enhancement, Accountability, and Documentation (TREAD) Act in 2002 in response to the many deaths and injuries attributable to tread separation on Ford Explorers equipped with certain Firestone tires.

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Website of Strategy Analytics report

Press release from Strategy Analytics