Global Tire Pressure Monitoring System Market to Reach USD 13.91 Million by 2032
The Global Tire Pressure Monitoring System Market was valued at approximately USD 6.9 million in 2023 and is projected to expand at a CAGR of 8.10% over the forecast period from 2024 to 2032. With increasing concerns over road safety and stringent government regulations mandating tire pressure monitoring systems (TPMS) in vehicles, the market is witnessing an accelerated growth trajectory. These systems provide real-time monitoring of tire pressure, enhancing fuel efficiency, reducing tire wear, and minimizing the risk of accidents caused by underinflated tires. The shift toward electric and autonomous vehicles, along with the integration of smart sensor technology, is further fueling the demand for advanced TPMS solutions across global markets.
The market growth is significantly driven by regulatory interventions and the growing emphasis on vehicular safety standards. Governments across North America and Europe have implemented strict mandates requiring TPMS in all new vehicles, contributing to increased adoption rates. Additionally, the rising consumer awareness regarding vehicle efficiency and safety, coupled with advancements in automotive sensor technology, has led to an increased preference for direct TPMS, which offers more precise and real-time monitoring compared to indirect TPMS. Moreover, as manufacturers continue to develop innovative tire pressure monitoring solutions integrated with IoT and telematics, the market is expected to witness sustained expansion.
Despite the strong growth outlook, challenges such as high installation costs, technical limitations, and concerns related to the accuracy of indirect TPMS may hinder market penetration, particularly in price-sensitive regions. However, the growing adoption of TPMS in commercial and fleet vehicles, driven by the need for enhanced operational efficiency and reduced maintenance costs, is creating lucrative opportunities. Additionally, increasing investments in smart mobility solutions, the development of intelligent tires, and ongoing research in automotive safety technologies are poised to further drive the market forward.
From a regional perspective, North America dominates the tire pressure monitoring system market, owing to stringent safety regulations, high vehicle production, and widespread adoption of advanced automotive technologies in the United States and Canada. Europe is also witnessing steady growth, driven by stringent EU regulations and increasing demand for fuel-efficient vehicles. Meanwhile, the Asia-Pacific region is anticipated to experience the fastest growth during the forecast period, fueled by the expanding automotive industry in countries such as China, India, and Japan, along with rising awareness about vehicle safety among consumers. Additionally, the growing presence of major automotive manufacturers and TPMS providers in these regions further strengthens market expansion.
Major Market Players Included in This Report:
By Technology:
North America:
The market growth is significantly driven by regulatory interventions and the growing emphasis on vehicular safety standards. Governments across North America and Europe have implemented strict mandates requiring TPMS in all new vehicles, contributing to increased adoption rates. Additionally, the rising consumer awareness regarding vehicle efficiency and safety, coupled with advancements in automotive sensor technology, has led to an increased preference for direct TPMS, which offers more precise and real-time monitoring compared to indirect TPMS. Moreover, as manufacturers continue to develop innovative tire pressure monitoring solutions integrated with IoT and telematics, the market is expected to witness sustained expansion.
Despite the strong growth outlook, challenges such as high installation costs, technical limitations, and concerns related to the accuracy of indirect TPMS may hinder market penetration, particularly in price-sensitive regions. However, the growing adoption of TPMS in commercial and fleet vehicles, driven by the need for enhanced operational efficiency and reduced maintenance costs, is creating lucrative opportunities. Additionally, increasing investments in smart mobility solutions, the development of intelligent tires, and ongoing research in automotive safety technologies are poised to further drive the market forward.
From a regional perspective, North America dominates the tire pressure monitoring system market, owing to stringent safety regulations, high vehicle production, and widespread adoption of advanced automotive technologies in the United States and Canada. Europe is also witnessing steady growth, driven by stringent EU regulations and increasing demand for fuel-efficient vehicles. Meanwhile, the Asia-Pacific region is anticipated to experience the fastest growth during the forecast period, fueled by the expanding automotive industry in countries such as China, India, and Japan, along with rising awareness about vehicle safety among consumers. Additionally, the growing presence of major automotive manufacturers and TPMS providers in these regions further strengthens market expansion.
Major Market Players Included in This Report:
- Continental AG
- Denso Corporation
- Sensata Technologies
- NXP Semiconductors
- Robert Bosch GmbH
- Delphi Technologies
- Hitachi Automotive Systems
- Pacific Industrial Co. Ltd.
- Huf Hьlsbeck & Fьrst GmbH & Co. KG
- Schrader Electronics
- WABCO Holdings Inc.
- ZF Friedrichshafen AG
- Valeo
- Infineon Technologies AG
- ATEQ Group
By Technology:
- Direct TPMS
- Indirect TPMS
- Passenger Cars
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
- OEM
- Aftermarket
North America:
- U.S.
- Canada
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Brazil
- Mexico
- Rest of Latin America
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Historical Year: 2022, 2023
- Base Year: 2023
- Forecast Period: 2024-2032
- Market estimates and forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional-level analysis for each market segment.
- Detailed analysis of the geographical landscape with country-level insights.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations for future market approaches.
- Examination of the competitive structure of the market.
- Demand-side and supply-side analysis of the market.
CHAPTER 1. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET EXECUTIVE SUMMARY
1.1. Global Tire Pressure Monitoring System Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Technology
1.3.2. By Vehicle Type
1.3.3. By Sales Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
CHAPTER 2. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET DEFINITION AND RESEARCH ASSUMPTIONS
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
CHAPTER 3. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET DYNAMICS
3.1. Market Drivers
3.1.1. Regulatory Interventions and Government Mandates
3.1.2. Technological Advancements & IoT Integration
3.1.3. Increasing Consumer Safety Awareness
3.1.4. Shift towards Electric & Autonomous Vehicles
3.2. Market Challenges
3.2.1. High Installation Costs and Technical Limitations
3.2.2. Accuracy Concerns of Indirect TPMS
3.2.3. Price Sensitivity in Emerging Markets
3.3. Market Opportunities
3.3.1. Adoption in Commercial and Fleet Vehicles
3.3.2. Investment in Smart Mobility Solutions
3.3.3. Development of Intelligent Tires & Advanced Safety Technologies
CHAPTER 4. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032
5.1. Segment Dashboard
5.2. Global TPMS Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
5.2.1. Direct TPMS
5.2.2. Indirect TPMS
CHAPTER 6. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET SIZE & FORECASTS BY VEHICLE TYPE 2022-2032
6.1. Segment Dashboard
6.2. Global TPMS Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
6.2.1. Passenger Cars
6.2.2. Light Commercial Vehicle (LCV)
6.2.3. Heavy Commercial Vehicle (HCV)
CHAPTER 7. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET SIZE & FORECASTS BY SALES CHANNEL 2022-2032
7.1. Segment Dashboard
7.2. Global TPMS Market: Sales Channel Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
7.2.1. OEM
7.2.2. Aftermarket
CHAPTER 8. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET SIZE & FORECASTS BY REGION 2022-2032
8.1. North America TPMS Market
8.1.1. U.S. TPMS Market
8.1.1.1. Technology Breakdown Size & Forecasts, 2022-2032
8.1.1.2. Vehicle Type Breakdown Size & Forecasts, 2022-2032
8.1.1.3. Sales Channel Breakdown Size & Forecasts, 2022-2032
8.1.2. Canada TPMS Market
8.2. Europe TPMS Market
8.2.1. U.K. TPMS Market
8.2.2. Germany TPMS Market
8.2.3. France TPMS Market
8.2.4. Spain TPMS Market
8.2.5. Italy TPMS Market
8.2.6. Rest of Europe TPMS Market
8.3. Asia-Pacific TPMS Market
8.3.1. China TPMS Market
8.3.2. India TPMS Market
8.3.3. Japan TPMS Market
8.3.4. Australia TPMS Market
8.3.5. South Korea TPMS Market
8.3.6. Rest of Asia-Pacific TPMS Market
8.4. Latin America TPMS Market
8.4.1. Brazil TPMS Market
8.4.2. Mexico TPMS Market
8.4.3. Rest of Latin America TPMS Market
8.5. Middle East & Africa TPMS Market
8.5.1. Saudi Arabia TPMS Market
8.5.2. South Africa TPMS Market
8.5.3. Rest of Middle East & Africa TPMS Market
CHAPTER 9. COMPETITIVE INTELLIGENCE
9.1. Key Company SWOT Analysis
9.1.1. Continental AG
9.1.2. Denso Corporation
9.1.3. Sensata Technologies
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Continental AG
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Market Strategies
9.3.2. Denso Corporation
9.3.3. Sensata Technologies
9.3.4. NXP Semiconductors
9.3.5. Robert Bosch GmbH
9.3.6. Delphi Technologies
9.3.7. Hitachi Automotive Systems
9.3.8. Pacific Industrial Co. Ltd.
9.3.9. Huf Hьlsbeck & Fьrst GmbH & Co. KG
9.3.10. Schrader Electronics
9.3.11. WABCO Holdings Inc.
9.3.12. ZF Friedrichshafen AG
9.3.13. Valeo
9.3.14. Infineon Technologies AG
9.3.15. ATEQ Group
CHAPTER 10. RESEARCH PROCESS
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
1.1. Global Tire Pressure Monitoring System Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Technology
1.3.2. By Vehicle Type
1.3.3. By Sales Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
CHAPTER 2. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET DEFINITION AND RESEARCH ASSUMPTIONS
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
CHAPTER 3. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET DYNAMICS
3.1. Market Drivers
3.1.1. Regulatory Interventions and Government Mandates
3.1.2. Technological Advancements & IoT Integration
3.1.3. Increasing Consumer Safety Awareness
3.1.4. Shift towards Electric & Autonomous Vehicles
3.2. Market Challenges
3.2.1. High Installation Costs and Technical Limitations
3.2.2. Accuracy Concerns of Indirect TPMS
3.2.3. Price Sensitivity in Emerging Markets
3.3. Market Opportunities
3.3.1. Adoption in Commercial and Fleet Vehicles
3.3.2. Investment in Smart Mobility Solutions
3.3.3. Development of Intelligent Tires & Advanced Safety Technologies
CHAPTER 4. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032
5.1. Segment Dashboard
5.2. Global TPMS Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
5.2.1. Direct TPMS
5.2.2. Indirect TPMS
CHAPTER 6. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET SIZE & FORECASTS BY VEHICLE TYPE 2022-2032
6.1. Segment Dashboard
6.2. Global TPMS Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
6.2.1. Passenger Cars
6.2.2. Light Commercial Vehicle (LCV)
6.2.3. Heavy Commercial Vehicle (HCV)
CHAPTER 7. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET SIZE & FORECASTS BY SALES CHANNEL 2022-2032
7.1. Segment Dashboard
7.2. Global TPMS Market: Sales Channel Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
7.2.1. OEM
7.2.2. Aftermarket
CHAPTER 8. GLOBAL TIRE PRESSURE MONITORING SYSTEM MARKET SIZE & FORECASTS BY REGION 2022-2032
8.1. North America TPMS Market
8.1.1. U.S. TPMS Market
8.1.1.1. Technology Breakdown Size & Forecasts, 2022-2032
8.1.1.2. Vehicle Type Breakdown Size & Forecasts, 2022-2032
8.1.1.3. Sales Channel Breakdown Size & Forecasts, 2022-2032
8.1.2. Canada TPMS Market
8.2. Europe TPMS Market
8.2.1. U.K. TPMS Market
8.2.2. Germany TPMS Market
8.2.3. France TPMS Market
8.2.4. Spain TPMS Market
8.2.5. Italy TPMS Market
8.2.6. Rest of Europe TPMS Market
8.3. Asia-Pacific TPMS Market
8.3.1. China TPMS Market
8.3.2. India TPMS Market
8.3.3. Japan TPMS Market
8.3.4. Australia TPMS Market
8.3.5. South Korea TPMS Market
8.3.6. Rest of Asia-Pacific TPMS Market
8.4. Latin America TPMS Market
8.4.1. Brazil TPMS Market
8.4.2. Mexico TPMS Market
8.4.3. Rest of Latin America TPMS Market
8.5. Middle East & Africa TPMS Market
8.5.1. Saudi Arabia TPMS Market
8.5.2. South Africa TPMS Market
8.5.3. Rest of Middle East & Africa TPMS Market
CHAPTER 9. COMPETITIVE INTELLIGENCE
9.1. Key Company SWOT Analysis
9.1.1. Continental AG
9.1.2. Denso Corporation
9.1.3. Sensata Technologies
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Continental AG
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Market Strategies
9.3.2. Denso Corporation
9.3.3. Sensata Technologies
9.3.4. NXP Semiconductors
9.3.5. Robert Bosch GmbH
9.3.6. Delphi Technologies
9.3.7. Hitachi Automotive Systems
9.3.8. Pacific Industrial Co. Ltd.
9.3.9. Huf Hьlsbeck & Fьrst GmbH & Co. KG
9.3.10. Schrader Electronics
9.3.11. WABCO Holdings Inc.
9.3.12. ZF Friedrichshafen AG
9.3.13. Valeo
9.3.14. Infineon Technologies AG
9.3.15. ATEQ Group
CHAPTER 10. RESEARCH PROCESS
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
