CENTRAL TIRE INFLATION SYSTEM (CTIS) MARKET REPORT OVERVIEW
The global Central Tire Inflation System (CTIS) market size was valued at USD 135.6 million in 2022 and is projected to reach USD 199.05 million by 2032, exhibiting a CAGR of 3.9% during the forecast period.
Central tire inflation systems (CTIS) allow the inflation pressure of vehicle tires to be controlled from a central location while the vehicle is in motion. This helps optimize the tire pressure for the load and terrain, improving mobility, fuel efficiency, and tire life.
CTIS consists of a compressed air source, a rotating control valve, wheel valves, and a tire inflation control unit with monitoring capabilities. Military vehicles constitute the major application segment currently. However, adoption in commercial and agriculture vehicles is rising steadily.
The market is fairly consolidated with top players like PSI, Syegon, Dana Limited, Hendrickson USA, and Nexter Group accounting for majority share. North America was the largest regional market in 2021. However, Asia Pacific is expected to exhibit rapid growth during the forecast period. Rising defense spending, need for improved vehicle efficiency and mobility, and growth in transportation sector are the key factors driving CTIS market growth. High integration costs and lack of standardization pose challenges. The market presents significant opportunities with increasing adoption in commercial and agriculture vehicles globally.
COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic and resulting disruptions impacted the CTIS market negatively in 2020 and 2021. Supply chain disruptions led to delays in procurement of CTIS components, affecting production schedules of OEMs. Closure of manufacturing facilities also created challenges. Implementation of lockdowns and social distancing norms resulted in slowdown in the logistics and transportation industry globally. This reduced demand for commercial vehicles equipped with CTIS. Similar decline in demand was witnessed from the agriculture sector as economic uncertainty forced farmers to scale back investments in agriculture equipment. The military segment was less impacted relative to commercial and agriculture. However, some delays in defense procurement and vehicle orders affected CTIS sales. On the positive side, the pandemic highlighted the need for mobility and efficiency - factors driving interest in CTIS. This can translate into renewed demand growth in the post-pandemic period. Overall, the market exhibited a decline of an estimated 5-8% in 2020. Recovery started in late 2021, and steady growth is expected over 2022-2032.
LATEST TRENDS
Advancements in Central Tire Inflation Systems (CTIS)
In the realm of tire pressure management, Central Tire Inflation Systems (CTIS) are undergoing significant innovations, giving rise to a transformative landscape with widespread implications. The integration of CTIS with telematics and vehicle tracking systems stands out as a pivotal trend. This synergy empowers fleets with remote monitoring and control of tire pressure across entire vehicle fleets, contributing to improved operational efficiency and reduced downtime. Another consequential development is the trend toward lightweighting in CTIS hardware. The incorporation of lightweight composite and aluminum components in these systems allows for an overall reduction in vehicle weight. This not only aligns with the broader industry emphasis on sustainability but also translates to enhanced fuel efficiency.
CENTRAL TIRE INFLATION SYSTEM (CTIS) MARKET SEGMENTATION
By Type
- Civil Type: CTIS variants focused on commercial vehicles like mining trucks, logistics fleets, tractors etc. They prioritize ease of use and integration with telematics systems.
- Military Type: CTIS designed for military vehicles like trucks, armored vehicles, trailers etc. They meet ruggedness and reliability needs for all-terrain mobility
By Application
- Military: Defense forces represent steady demand for supporting mobility needs over snow, mud, deserts etc. during deployments.
- Commercial: Mining, construction, freight transportation emerge as major adopters needing off-road mobility and reduced tire wear/tear.
- Agriculture: Niche application for agriculture vehicle fleets needing minimum soil compaction through adjustable tire pressures.
DRIVING FACTORS
Effect Of Dynamics Shaping the Global CTIS Market Surge In CITS Market
The global CTIS market growth is being driven by a number of factors in the Central Tire Inflation System Market Market Growth. The most significant driver is the rising adoption in defense vehicles such as tactical trucks, armored fighting vehicles and light protected vehicles. CTIS provides enhanced mobility over rough terrain by allowing rapid adjustment of tire pressure. This allows military vehicles to become more agile and withstand harsh operating environments. Increased defense spending and continuous procurement of advanced military vehicles in countries like the US, Russia, India and China is fueling adoption of CTIS. Commercial and agriculture segments are also contributing to demand growth. Improved fuel efficiency, tire life and uptime resulting from optimized tire pressure is driving integration of CTIS in commercial medium and heavy trucks as well as mining, construction and agriculture vehicles. The need for reduced soil compaction in farms and improved productivity is creating opportunities in precision agriculture. Furthermore, technological advancements such as integration of fleet telematics, autonomous control and advanced diagnostics are enhancing the capabilities of modern CTIS. This is anticipated to accelerate future adoption across application segments.
Powering Electric Vehicles And Advanced Human-Machine Interface (HMI) Driving The Market
In response to the growing prominence of electric vehicles, there is a focused development of CTIS optimized specifically for electric military and commercial vehicles. The objective is to extend the range of these vehicles through meticulous tire pressure management. This strategic integration is vital for maximizing the efficiency and longevity of electric vehicles. The user experience with CTIS is undergoing a revolution with the introduction of advanced Human-Machine Interface (HMI). Enhanced interfaces feature larger displays, intuitive touch controls, and advanced diagnostics, making it easier for operators to monitor and manage tire pressure. This user-centric approach contributes to the seamless integration of CTIS into modern vehicle fleets.
RESTRAINING FACTOR
A Shift towards Standardization and Robust Designs Restrain the Market Growth
There are certain challenges that are restraining more rapid adoption of CTIS globally. The high integration and maintenance costs associated with CTIS remain a major constraint. The system requires specialized components like electronic control units, wheel valves and rotating control valves. Deteriorating components need to be regularly checked and replaced, adding to long-term costs. Moreover, lack of standardization in CTIS technologies results in integration challenges. Components procured from different suppliers may not properly interface with each other. There are also concerns related to leakage, freezing of valves in very cold conditions, corrosion and clogging from dirt or mud especially in tough environments like mining sites. These reliability issues sometimes discourage fleets from investing in CTIS. Overall, the restraints stemming from integration complexity, uncertain reliability and interoperability challenges are partially impeding broader adoption. However, ongoing developments focused on standardization and robust designs are helping address these issues.
CENTRAL TIRE INFLATION SYSTEM (CTIS) MARKET REGIONAL INSIGHTS
The market is primarily segregated into North America, Europe, China, Japan, South Korea and India.
North America accounted for the largest Central tire Inflation System Market share of over 40% of the global CTIS market in 2021. Presence of m In the landscape of Central Tire Inflation Systems (CTIS), North America emerges as the frontrunner, commanding a substantial share exceeding 40% in 2021. This dominance is fueled by the strong presence of major Original Equipment Manufacturers (OEMs) and robust defense spending trends, underscoring the region's pivotal role in CTIS adoption. On the other hand, the Asia Pacific region is poised for unparalleled growth in the foreseeable future. Countries such as China, India, Japan, and South Korea are steering this momentum, driven by an escalating embrace of CTIS technologies. Europe stands as another crucial player in the CTIS market, characterized by a notable demand surge propelled by the military vehicle sector and the expanding commercial transportation fleets.
KEY PLAYERS
Key Players Dominating the Global CTIS Landscape
The global CTIS market is consolidated in nature with a few large players holding majority share. Key industry participants include PSI, Syegon, Dana Limited, Hendrickson USA and Nexter Group. PSI is the market leader, supplying advanced CTIS mainly for defense vehicles. The company has expertise in robust and reliable CTIS design for military applications. Dana Limited provides tire inflation systems and components catering to both military and commercial segments. Its acquisition of Stemco has expanded its product portfolio. Other notable companies include Pressure Guard, EnPro Industries, Aperia Technologies and Tire Pressure Control International. Most of the major players are based in North America and Europe. However, China is emerging as a key manufacturing hub supplying components and systems at competitive prices. Leading companies are focused on product innovation, strategic acquisitions and global expansion to consolidate their positions.
List of Market Players Profiled
- PSI (USA)
- Syegon (South Korea)
- Dana Limited (USA)
- Hendrickson (USA)
- Nexter Group (France)
- STEMCO (EnPro Industries) (USA)
- Tire Pressure Control International (USA)
- Aperia Technologies (UK)
- Pressure Guard (Servitech Industries) (USA)
INDUSTRIAL DEVELOPMENT
August 2023: CTIS has evolved to integrate seamlessly with telematics platforms and vehicle tracking systems. This integration allows for remote monitoring and control of tire pressure across entire fleets. The real-time data provided by these systems enhances operational efficiency and reduces downtime
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
-
Download FREE Sample Report