New Research Report – Global Motorcycle Tire Pressure Management System (MTPMS)Market 2017-2021
The Following Companies as the Key Players In The Global Motorcycle Tire Pressure Management System (MTPMS)Market: Schrader International, Salutica Bernad (FOBO), Orange Electronic, Doran Manufacturing, and Garmin.
Other Prominent Vendors in the market are: Steelmate, HawksHead Systems, LDL Technology, TireTraker™ TPMS, CUB ELECPARTS, Tire-SafeGaurd (HCI), Inovex Industries, Sate Auto Electronic, ASPIRIT ENTERPRISE Precision Technology, and Bartec USA.
Commenting on the report,: “The latest trend gaining momentum in the market is development of powerful mems sensors and SMI for accuracy and precision. Sensor technology has played a crucial role in the design and development of ADAS systems, as they form a fundamental part of the systems. Sensors and processors are the primary system components that monitor and process the vehicle data. Few automotive players are working on new tire pressure monitoring technologies, which include the use of MEMS sensors that are designed to accurately measure the pressure as well as the temperature in the tire.”
According to the report, one of the major drivers for this market is TPMS reduces maintenance cost of motorcycle. TPMS continuously monitors tire pressure and constantly notifies the rider. It has been found out that TPMS-fitted tire can result in fuel efficiency of 1.4% on an average depending upon the duration of travel and vehicle type. Considering current fuel costs of $3 to $10 per gallon in countries like the US, Europe, and China, a minimum of $900 is saved for a 1,00,000-mile drive.
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Further, the report states that one of the major factors hindering the growth of this market is low availability of retrofit TPMS in emerging economies. With rapid technological advances in the global TPMS market and the implementation of stern governmental safety regulations, automotive sensor OEMs are developing TPMSs and batteries so that they have extended life and thus, reduce the need for continuous replacement.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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