18 March 2021
Visiongain has published a new report on Automatic Tire Inflation System Market Report to 2031: Forecasts By Type (Central& Continuous), By Component (Pressure Sensors, ECU and Compressor), By On-Highway Vehicle (CV&PC) By Off-Highway Vehicle (Construction & Agriculture). PLUS Profiles of Leading Automatic Tire Inflation System Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Automatic Tire Inflation System Market was valued at US$ xx billion in 2019 and is projected to reach at a market value of US$ xx billion by 2031. The major factor that driven the growth of the market is due to government regulations and support by mandating the usage of driver assistance systems in automobiles. The stats show that there are new demands for new technologies and innovation providing safety features in automobiles.
COVID-19 Impact on Automatic Tire Inflation System Market
As Covid-19 has caused a lot of damage in various industries, it has brought automotive industry to a halt too by causing vehicle production and supply disruptions. Analysis shows that it would be a major concern for Lower vehicle sales for automotive OEMs for next few quarters and there will a thin chance for recovery of the market in the end of 2021.
Initiatives taken by the companies to develop advanced sensing technology is one of the major drivers. Another one is taken by European Commission for road safety. Automatic Tire Inflation System companies focusing toward technologies and innovation for gaining customer’s attention which in result shows rising demand in Electric vehicle. Thus there is increase in demand for components such as Cameras, radar sensors, ultrasonic sensors, and LiDAR during the forecast period.
The introduction of new technology and autonomous vehicle has transformed to ease the commute. Automatic Tire Inflation System technology in the market has reduced the complexity of driving having features such as Stability control, emergency braking, Lane monitoring and others. Advanced technology such as High definition cameras to collect data, Ultrasonic sensor, Radar, LiDAR, are the technology Autonomous vehicle rely upon to function smoothly. Big market player like Volkwagen, Tesla, General Motors and Ford planning to launch fully smart autonomous vehicle in the coming years. Nissan announced to deploy ProPILOT by 2020 in his 20 models. The increasing efforts on autonomous driving system would enable OEMs to incorporate more advanced safety system and cruise control for autonomous vehicle. Global Automatic Tire Inflation System Market is expected to grow double during the market forecast 2021-2031.
The global Automatic Tire Inflation System market is dominated by big players such as Robert Bosch, ZF Friedrichshafen, Aptiv, Continental AG, Valeo, Denso, Magna International, SAF-HOLLAND, IDEX Corporation and Airgo System. These companies have secure their position in the market to offer wide range of advanced assistance systems.
The key strategies adopted by these companies is to sustain their market position are new technology, new product development, Contract agreement and Collaborations.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 20 7549 9987.
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Growth of the global ride sharing market is directly coupled with the growing urbanization and regional economic growth.
20 April 2022
Electric vehicle (EV) manufacturers are in for a bumpier ride in the future, as the current geopolitical turmoil in Ukraine — a country with a large store of the critical battery material lithium – might cause lithium battery prices to skyrocket.
29 March 2022
Over the forecast period, increasing technological improvements and increased demand for installing car accessories are expected to propel the automotive switches market forward globally.
14 March 2022
Global demand for lighter automobiles is predicted to be fuelled by turbo technology, which will improve driveability, fuel efficiency, and cost-effective emission management.