DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/cl49w6/tire_pressure) 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.
The major factors driving the demand of automotive TPMS and LDW system are stringent safety regulations, increased safety awareness, technological advancement, affordability as well as institutions such as the New Car Assessment Program (NCAP) awarding safety ratings to cars based on safety performance.
In the coming years, the increasing demand for luxury cars in the regions like Europe and Asia Pacific, mainly in China, India and Japan, is expected to drive the market. Sustainable growth in the TPMS and LDW systems market will largely depend upon upcoming legislation in various countries. Active safety systems like Tire Pressure Monitoring (TPMS) is mandatory in developed countries, while legislation in developing countries is rapidly catching up, creating high growth opportunities.
The report classifies and defines the automotive TPMS and LDW safety systems market in terms of volume and value. This report provides comprehensive analysis and insights on the TPMS and LDW systems (both - qualitative and quantitative). The report highlights potential growth opportunities in the coming years as well as it covers review of the market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects w.r.t. automotive active safety systems market. The key players in the market for automotive TPMS and LDW systems have also been identified and profiled.
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/cl49w6/tire_pressure