The global automotive automatic tire inflation system market to grow at a CAGR of 29.2% during the period 2017-2021.
The report, Global Automotive Automatic Tire Inflation System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is integration of telematics with ATIS. Tire pressure systems like TPMS and ATIS alert the driver by turning on the warning lights. In TPMS, the warning lights are switched ON whenever the system detects pressure drop from a pre-set level. In ATIS, the warning lights are turned on to indicate that the automatic tire inflation process is on-going. But most times, such warning alerts are either ignored or misinterpreted by drivers reducing the efficiency of the system, declining the payback amount for fleet operators.
According to the report, one of the major drivers for this market is use of ATIS leading to reduction of maintenance cost. ATIS continuously monitor tire pressure and automatically inflate the tires whenever the pressure level change from pre-set level. The tire fitted with ATIS system can increase the fuel efficiency up to 1.4% on an average, depending upon the duration of travel and vehicle type. Considering current fuel costs of $3- $10 per gallon in the US, Europe, and China), a minimum of $900 is saved for a 1,00,000-mile drive, especially for fleet operators of commercial vehicles, which are primarily used for long haul operations