Tyre pressure monitoring systems set to expand
Strategy Analytics reveals growing opportunities for the safety feature market in its latest report: "Automotive tyre pressure monitoring systems market analysis".
Strategy Analytics reveals growing opportunities for the safety feature market in its latest report: "Automotive tyre pressure monitoring systems (TPMS) market analysis".
This will lead to greater sensor and semiconductor demand.
TPMS will boost demand for silicon sensors and RF integrated circuits from both niche and major sensor players.
TPMS monitors the air pressure in order to warn drivers of either under- or overinflation.
Stress from improper tyre pressure can lead to tyre blowouts, and serious, or even fatal, automotive accidents.
As a niche product TPMSs have been available for some time.
Following the experience of Ford Motor Company and Bridgestone, US Congress enacted the Transportation Recall, Enhancement, Accountability and Documentation (TREAD) Act in 2002 in response to the many deaths and injuries attributable to tread separation on Ford Explorers equipped with certain Firestone tyres.
Beginning in October, and over the next two years, the TREAD Act will require a monitoring system for all US passenger vehicles and light trucks sold in the USA, which will indicate up to a 25% pressure variation from ideal measures as specified by the National Highway Traffic Safety Administration.
This US regulation is influencing other regions, creating further demand opportunities for safety systems around the world including Canada, Japan and Europe.
"TPMS will become the fastest growing automotive electronic system with volume over the next few years", according to Simon Schofield, Senior Analyst with the Strategy Analytics Automotive Electronics Practice.
"The next challenge is to perfect a battery-less design in order to reduce costs and avoid recycling issues including heavy metals directives".
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