DUBLIN, Sept. 17, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Tire Pressure Monitoring System (TPMS), Lane Departure Warning System (LDWS) Market for Passenger Cars - By Geography - Trends and Forecasts 2014 - 2019" report to their offering.
The Tire pressure Monitoring System market in terms of value is projected to grow $5.6 Billion and Lane Departure Warning system market to grow $8.4 Billion by 2019 at a healthy CAGR of 16.3% and 20.2 % respectively from 2014 to 2019.
Automotive safety systems have become advanced, sophisticated and efficient over a period of time. Today, the automotive industry is more inclined towards the use of advanced technologies to reduce number of accidents and mitigate the impact of accidents on occupants. Automotive safety systems have played an important role in achieving these targets, where these systems have made vehicles safer for the occupants. The recent rise in the attitude of the governments and consumers towards safety attributes of vehicles is one of the major drivers for the automotive safety system market.
Automotive active safety system has evolved from anti-lock braking systems, and electronic stability control to driver monitoring and other efficient automotive active safety systems. These transitions took place due to several reasons; the increasing concern of consumers towards safety and their increasing willingness to pay for occupant safety, constantly updated rating system of organizations like NCAP and highly competitive market made companies to do extensive R&D work.
Automotive LDWS and tire pressure monitoring system market are the established market in North America and Europe, whereas, in Asia-Pacific and the ROW regions, the automotive TPMS and LDW systems are growing at a significant growth rate, because of the increase in their purchasing power, high standard of living, GDP growth, and increase in government's regulatory actions for safety. Germany, the U.K., and the U.S. are expected to be the largest market for automotive Tire pressure Monitoring System and LDW safety systems. Developing countries like India, China, Russia, Brazil, and Mexico are expected to have high growth rate in the demand for automotive TPMS and LDW systems from 2014 to 2019.
The global automotive TPMS and LDW systems market is dominated by a few top players such as Robert Bosch (Germany), Continental AG (Germany), Denso Corporation (Japan), Takata Corporation (Japan), and TRW automotive (U.S.).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Technological Evolution
6 Tire Pressure Monitoring System Market (2011-2019)
7 Lane Departure Warning System Market (2011-2019) 115-143
8 Opportunity & Installation Trend Analysis
9 Competitive Landscape
10 Company Profiles
- Autoliv, Inc.
- Continental Ag
- Delphi Automotive PLC
- Denso Corporation
- Magna International Inc.
- Omron Corporation
- Robert Bosch GMBH
- TRW Automotive
- Takata Corporation
- Valeo S.A.
For more information visit http://www.researchandmarkets.com/research/zfm3r7/tire_pressure
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SOURCE Research and Markets