Global Tyre Pressure Monitoring System Market Assessment, By Type [Direct TPMS, Indirect TPMS], By Vehicle Type [Passenger Vehicles, Commercial Vehicles], By Distribution Channel [Original Equipment Manufacturers, Aftermarket], By Region, Opportunities and Forecast, 2018-2032F

Global tyre pressure monitoring system market is projected to witness a CAGR of 9.07% during the forecast period 2025-2032, growing from USD 6.95 billion in 2024 to USD 13.92 billion in 2032. 

Tyre Pressure Monitoring System Market Size, Share & Forecast 2032

Global tyre pressure monitoring system market is projected to witness a CAGR of 9.07% during the forecast period 2025-2032, growing from USD 6.95 billion in 2024 to USD 13.92 billion in 2032. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years owing to technological advancements, consumer awareness and rising vehicle safety concerns.
Tyre Pressure Monitoring System (TPMS) offers multiple features such as the real-time monitoring of tyre pressure, providing early underinflation or over-inflation warnings. This ensures optimal tyre pressure, which is vital for vehicle stability, handling, and braking performance. Proper tyre pressure reduces rolling resistance, contributing to better fuel efficiency and lower fuel consumption. Moreover, the significance of TPMS is to prevent accidents because proper tyre pressure does not allow the vehicle to become unstable, imbalanced, or have poor braking power. Moreover, this helps in the reduction of wear and tear on tyres, saving time and money for vehicle owners through extended use.
Consequently, the benefits of TPMS go beyond safety and efficiency. The system is helpful for environmental sustainability as it ensures reduced emissions of CO2 because of fuel efficiency. Current technological evolutions, including wireless and battery-less sensors, have made TPMS more efficient and user-friendly; machine learning and predictive maintenance capabilities enhance its functionality and effectiveness.
Furthermore, companies are introducing advanced tools to gain market share. For instance, in March 2024, Continental AG launched&nbsp;ContiConnect Lite, a free app for digital tyre management, enabling real-time monitoring of tyre pressure and temperature in agricultural and earthmoving vehicles, enhancing safety and efficiency.
Government regulations are also influencing the market since many countries make it mandatory to install TPMS in new vehicles for road safety. This has increased its adoption in the automotive sector. Moreover, rising consumer awareness about vehicle safety has boosted demand for TPMS since underinflated tyres cause blowouts, loss of control, and increased stopping distances.
<h2>Rising Vehicle Safety Concerns Necessitate the Need for Tyre Pressure Monitoring System</h2>
The increasing interest of consumers, as well as car manufacturers, in terms of car safety has given a significant boost to the soaring demand for TPMS. Underinflated tyres are considered one of the major causes of accidents, causing blowouts or loss of tyre control. TPMS ensures that the deviation from the standard pressure levels gets notified to the driver in time.
Properly inflated tyres enhance vehicle stability, handling and braking performance, reducing the risk of accidents. Furthermore, TPMS prevents tyre issues as tyres are always preserved at the accurate pressure. This proactive approach to tyre maintenance increases car safety overall and provides peace of mind for drivers. The need for TPMS is growing with consumers prioritizing the vehicle's safety features.
To address these concerns companies are extending their product offerings to cover multiple cars and providing aftermarket solutions to reduce the incidents of tyre blowouts and accidents. For instance, in November 2024, Sensata Technologies, Inc., under the Schrader brand, launched the AirCheck BLE TPMS Retrofit kit, designed for vehicles without factory TPMS, featuring Bluetooth Low Energy sensors for tyre pressure and temperature monitoring, a user-friendly mobile app for real-time alerts.
<h2>Technological Advancements Fuel the Growth of Tyre Pressure Monitoring System Market</h2>
Advancements in sensor technology have led to the development of highly accurate and reliable TPMS. Modern TPMS offers real-time monitoring of tyre pressure and temperature and can read and alert to possible malfunctions quickly. With its integration into advanced driver-assistance systems, TPMS utility has been enhanced by smooth communication between vehicle systems, enhancing general safety features. Moreover, wireless and battery-less sensors have reduced the time needed for maintenance and replacement of TPMS. Furthermore, machine learning and artificial intelligence have reduced the time needed to conduct predictive maintenance and based on the tyres data, the system can predict the possibility of a particular failure before it occurs, reducing accidents and keeping the vehicle downtime period for the shortest duration possible. Moreover, companies are investing in R&amp;D to develop their proprietary technology so that they can attain a higher market share and hold their position in the market. For instance, in September 2023, Infineon Technologies AG launched the XENSIV&trade; SP49 tyre pressure monitoring sensor, featuring advanced micro-electromechanical systems (MEMS) technology for smart tyre functions such as auto-position sensing and blowout detection, enhancing TPMS capabilities.
Dominance of Original Equipment Manufacturers' Segment in the Market
Original Equipment Manufacturers dominate the market for tyre pressure monitoring systems (TPMS) owing to the stringent safety measures implemented by the government to protect citizens from any mishappening. For instance, in October 2024, Japan modified its Ordinance for enforcement of the Radio Act by establishing new frequency bands of 433 MHz for tyre pressure monitoring systems that enhance communication between tyre sensors and vehicle systems for more accurate and timely data transmission regarding tyre pressure and temperature. Such a regulatory environment compels the manufacturers to equip their cars with advanced TPMS to ensure enhanced road safety.
Consumers also demand high accuracy through a direct form of TPMS, which is sensor-based. As customers become more conscious of the safety of their vehicles, they are likely to choose cars with TPMS fitted. OEMs also benefit as their provision of warranties on such systems boosts customer&rsquo;s confidence. Their emphasis on innovation and the creation of intricate monitoring technologies puts them in the lead in the TPMS industry, positioning them to address a rapidly changing market.
<h2>Asia Pacific Dominates Tyre Pressure Monitoring System Market</h2>
The Asia-Pacific region holds the majority share of tyre pressure monitoring system (TPMS) market owing to prominent factors including high production and sales of vehicles in countries such as China, India, and Japan which largely boost the market. Many of these countries host the world&rsquo;s leading auto industries and consequently are hubs of very significant demand for advanced safety features such as TPMS in cars. Rising consumer awareness in Asia-Pacific about vehicle safety also led to an increase in TPMS adoption to ensure safer conditions for driving. Moreover, government regulations mandate the fitting of TPMS on new vehicles for safety on the roads in countries such as China and Japan adding further momentum to market demand. Companies are also setting up their facilities and increasing their production capacity of TPMS in the region to cater to the growing demand.
For instance, in June 2024, Continental AG launched a new tyre pressure monitoring system (TPMS) production line in India, with an annual capacity of 3.3-million-wheel units, aiming to enhance automotive safety and performance.
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Future Market Scenario (2025 &ndash; 2032F)
<ul>
<li>The growing adoption of self-driving cars, electric cars and hybrid vehicles is expected to increase the demand for the tyre pressure monitoring system.</li>
<li>Consumers are becoming more aware of the importance of tyre maintenance for vehicle safety and fuel efficiency which is expected to foster the demand for tyre pressure monitoring systems.</li>
<li>Governments around the world are implementing stricter safety regulations that mandate the use of tyre pressure monitoring systems.</li>
<li>Advanced technologies such as the Internet of Things (IoT) and predictive maintenance are enhancing the functionality of the system, expected to grow the market.</li>
</ul>
Report Scope
&ldquo;Tyre Pressure Monitoring System Market Assessment, Opportunities and Forecast, 2018-2032F&rdquo;,&nbsp;is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global tyre pressure monitoring system market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2025 and 2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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Report Attribute
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Details
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Base Year of the Analysis
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2024
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Historical Period
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2018-2022
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Forecast Period
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2025-2032
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Projected Growth Rate
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CAGR of 9.07% between 2025 and 2032
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Revenue Forecast in 2032
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USD 13.92 billion
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Segments Covered
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Type, Vehicle Type, Distribution Channel
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Regions Covered
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North America, Europe, South America, Asia-Pacific, Middle East and Africa
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Key Companies Profile
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Continental AG, Michelin AIM FZE., ZF Friedrichshafen AG, DENSO Corporation, Pacific Industrial Co.,Ltd., NIRA Dynamics AB, VALOR EUROPE GMBH, Sensata Technologies, Inc., Huf H&uuml;lsbeck &amp; F&uuml;rst GmbH &amp; Co. KG, HELLA GmbH &amp; Co. KGaA
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Customization Scope
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15% free report customization with purchase
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Pricing and Purchase Options
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Avail the customized purchase options to fulfill your precise research needs
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Delivery Format
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PDF and Excel through email (subject to the license purchased)
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In the report, the&nbsp;global tyre pressure monitoring system market&nbsp;has been segmented into the following categories:&nbsp;
<ul>
<li>By Type
<ul>
<li>Direct TPMS</li>
<li>Indirect TPMS</li>
</ul>
</li>
<li>By Vehicle Type
<ul>
<li>Passenger Vehicles</li>
<li>Commercial Vehicles</li>
</ul>
</li>
<li>By Distribution Channel
<ul>
<li>Original Equipment Manufacturers (OEMs)</li>
<li>Aftermarket</li>
</ul>
</li>
<li>By Region
<ul>
<li>North America</li>
<li>Europe</li>
<li>Asia-Pacific</li>
<li>South America</li>
<li>Middle East and Africa</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Key players in the tyre pressure monitoring system market are implementing various strategies to stay competitive and evolve around changing consumer needs. The cutting-edge technological innovation is leading firms to collaborate to increase the efficiency, safety, and user experience of their type of pressure monitoring system.
For instance, in December 2023, Infineon Technologies AG and POLYN Technology Limited collaborated to develop an advanced tyre pressure monitoring system, integrating neuromorphic analogue processing technology for enhanced data extraction and analysis, targeting fleet markets and autonomous vehicles. Moreover, geographic expansion into emerging markets with growing urban populations is also a priority for the companies and collaborating with automobile manufacturers to incorporate TPMS as a standard feature in new vehicles. Environmental sustainability initiatives, such as incorporating electric vehicles and hybrid cars, are ensuring the growth of the market for tyre pressure monitoring systems.
Key Players Operating in Global Tyre Pressure Monitoring System Market are:
<ul>
<li>Continental AG</li>
<li>Michelin AIM FZE.</li>
<li>ZF Friedrichshafen AG</li>
<li>DENSO Corporation</li>
<li>Pacific Industrial Co.,Ltd.</li>
<li>NIRA Dynamics AB</li>
<li>VALOR EUROPE GMBH</li>
<li>Sensata Technologies, Inc.</li>
<li>Huf H&uuml;lsbeck &amp; F&uuml;rst GmbH &amp; Co. KG</li>
<li>HELLA GmbH &amp; Co. KGaA</li>
</ul>
Markets and Data&rsquo;s reports answer the following questions:
<ul>
<li>What is the current and future market size of the product/service in question globally or specific to different countries?</li>
<li>How are the markets divided into different product/service segments and the market size and growth of each segment?</li>
<li>What is the market potential of different product segments and their investment case?</li>
<li>How are the markets predicted to develop in the future and what factors will drive or inhibit growth?</li>
<li>What is the business environment and regulatory landscape specific to the product/service?</li>
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Global Tyre Pressure Monitoring System Market Assessment, Opportunities and Forecast, 2018-2032F

Global tyre pressure monitoring system market is expected to thrive owing to rising concerns for vehicle safety, stringent government regulations and technological advancements.

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