BOSTON (July 21, 2005) — Thanks to a government mandate, demand for tire pressure monitoring systems will increase tenfold between 2004 and 2009, from 4.4 million units to 45 million, according to a new report from Strategy Analytics Inc.
This will make the TPMS market worth $1.618 billion in 2009, according to Simon Schofield, a senior analyst with the global consulting firm and author of the report. Direct monitoring systems will be the preferred technology, particularly as their prices fall against those of the less accurate indirect systems, Mr. Schofield said.
Without giving a timetable for their development, Mr. Schofield said that batteryless TPMSs will be the next major goal of manufacturers to reduce component, replacement and battery disposal costs. Copies of the report, TPMS Market Analysis 2005, may be ordered from http://www.strategyanalytics.com.