Automotive Automatic Tire Inflation System Market Size, Share, Growth Analysis, By Type (Central Tire Inflation system, Continuous Tire Inflation system), By Component (Air Delivery System, Buffer Tank), By Region - Industry Forecast 2024-2031

Drivers

Increase in demand for all-terrain

• Utility all-terrain vehicles, renowned for their versatility, serve a wide array of sectors spanning military, agriculture, construction, and forestry. The substantial growth witnessed in military operations, agricultural endeavors, and construction activities underscores the increased demand for these vehicles across multiple industries. This escalating demand for utility all-terrain vehicles is poised to have a substantial ripple effect, notably driving a positive trajectory for the automotive automatic tire inflation system market. As these sectors continue to expand significantly, the parallel surge in the utilization of these vehicles is anticipated to contribute significantly to the heightened demand for automatic tire inflation systems within the automotive industry.

Restraints

High Implementation Cost

• The relentless progression of technology demands consistent upgrades to the systems and software within automobiles, essential for maintaining compatibility with the evolving external environment. However, the cost associated with these advancements is notably high, encompassing various components such as sensors, radio frequency technologies, and intricate fuzzy logics. The assembly process, where multiple components and sensors are integrated onto a single dielectric plate for compatibility purposes, incurs significant expenses. Moreover, this intricate system's bulkiness further escalates implementation costs, particularly due to the necessity of connecting it with wireless devices installed within vehicles for seamless and effective operation.