Global Tire-Pressure Monitoring System Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Technology;
Direct TPMS and Indirect TPMS.By Vehicle Type;
Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle.By Sales Channel;
OEM and Aftermarket.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Tire-Pressure Monitoring System Market (USD Million), 2021 - 2031
In the year 2024, the Global Tire-Pressure Monitoring System Market was valued at USD 16,389.08 million. The size of this market is expected to increase to USD 26,489.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.1%.
The Global Tire-Pressure Monitoring System (TPMS) Market is a critical segment within the automotive industry, dedicated to enhancing vehicle safety, performance, and fuel efficiency. TPMS technology is designed to monitor the air pressure inside tires and alert drivers to any deviations from the recommended levels. With tire pressure being a crucial factor in vehicle handling, braking, and fuel consumption, TPMS has emerged as a key safety feature in modern vehicles, mandated by regulations in many countries. As automotive safety standards continue to evolve and consumers prioritize safety features in their vehicles, the demand for TPMS systems is expected to witness significant growth globally.
One of the primary drivers of the Global TPMS Market is the increasing focus on vehicle safety and regulatory compliance. Government regulations mandating the installation of TPMS in new vehicles, coupled with rising awareness among consumers about the importance of tire pressure maintenance, are driving the adoption of TPMS technology. Additionally, the automotive industry's shift towards electric and autonomous vehicles, which rely heavily on precise tire performance, is further bolstering the demand for advanced TPMS solutions. Moreover, technological advancements such as the integration of TPMS with vehicle telematics and connectivity systems are enhancing the functionality and value proposition of TPMS, contributing to market growth.
The Global TPMS Market is characterized by a competitive landscape with key players continually innovating to offer advanced TPMS solutions. These solutions encompass both direct and indirect TPMS technologies, each offering unique advantages and applications. Direct TPMS involves sensors mounted inside each tire to monitor air pressure, while indirect TPMS utilizes the vehicle's existing wheel speed sensors to infer tire pressure. With advancements in sensor technology, wireless connectivity, and data analytics, TPMS systems are becoming more accurate, reliable, and integrated with other vehicle systems, driving their adoption across a wide range of vehicle segments and geographies in the Global TPMS Market.
Global Tire-Pressure Monitoring System Market Recent Developments
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In November 2023, NXP Semiconductors launched its new S32K3 automotive microcontroller, designed to power advanced TPMS systems with enhanced features like tire temperature monitoring and predictive maintenance capabilities.
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In February 2023, Sensata Technologies acquired Schrader Electronics, a leading manufacturer of TPMS sensors, expanding its product portfolio and strengthening its position in the TPMS market.
Segment Analysis
The Global Tire-Pressure Monitoring System Market has been segmented by Technology, Vehicle Type, Sales Channel and Geography, each providing insights into the technological innovations and market dynamics shaping the industry. By technology, the market is primarily divided into direct TPMS and indirect TPMS. Direct TPMS uses sensors in each tire to measure tire pressure and sends real-time data to the vehicle’s onboard computer system, providing precise readings and alerts when pressure is low. Indirect TPMS, on the other hand, does not directly measure tire pressure but instead uses the vehicle’s ABS (Anti-lock Braking System) sensors to detect changes in tire rotation, which may indicate low pressure. Direct TPMS is gaining popularity due to its accuracy and immediate alerts, while indirect TPMS is cost-effective and commonly used in lower-priced vehicles.
By vehicle type, the market is segmented into passenger vehicles, commercial vehicles, and two-wheelers. Passenger vehicles account for the largest share of the TPMS market, driven by regulatory requirements for tire safety and growing consumer demand for safety features. The commercial vehicle segment is also significant, as fleet operators and logistics companies prioritize tire safety to enhance fuel efficiency, reduce maintenance costs, and improve overall vehicle performance. Two-wheelers, including motorcycles and electric scooters, are seeing a growing adoption of TPMS systems, particularly in markets with increasing safety awareness and regulatory measures. These systems help monitor tire pressure for better safety and fuel efficiency, contributing to the overall growth of the market in the two-wheeler segment.
Geographically, the global TPMS market is led by North America and Europe, driven by stringent regulatory requirements such as the U.S. National Highway Traffic Safety Administration (NHTSA) regulations and similar European Union standards, which mandate the installation of TPMS in new vehicles. These regions also have well-established automotive industries and a high rate of vehicle safety awareness, which fuels the demand for TPMS systems. The Asia-Pacific region is the fastest-growing market for TPMS, primarily due to increasing vehicle production in countries like China, India, and Japan, coupled with rising consumer demand for safety features in vehicles. The Middle East and Africa and Latin America are emerging markets, where the adoption of TPMS is expected to grow steadily as awareness of tire safety increases and regulatory frameworks for automotive safety strengthen. These geographic trends indicate a global expansion of the TPMS market, with increasing emphasis on vehicle safety and fuel efficiency driving the demand for advanced tire-pressure monitoring technologies.
Global Tire-Pressure Monitoring System Segment Analysis
In this report, the Global Tire-Pressure Monitoring System Market has been segmented by Technology, Vehicle Type, Sales Channel and Geography.
Global Tire-Pressure Monitoring System Market, Segmentation by Technology
The Global Tire-Pressure Monitoring System Market has been segmented by Technology into Direct TPMS and Indirect TPMS.
Segmentation of the Global Tire-Pressure Monitoring System (TPMS) Market by technology categorizes the market based on the different approaches employed to monitor tire pressure and provide alerts to drivers. This segmentation enables a nuanced understanding of the diverse methods and technologies utilized in TPMS solutions. Common technologies include direct TPMS and indirect TPMS, each offering unique advantages and applications within the automotive industry.
Direct TPMS involves the use of sensors mounted inside each tire to directly measure tire pressure and transmit this information to the vehicle's onboard computer system. These sensors provide real-time data on tire pressure, enabling accurate monitoring and immediate alerts to drivers in the event of underinflation or overinflation. Indirect TPMS, on the other hand, utilizes the vehicle's existing wheel speed sensors to indirectly infer tire pressure based on changes in wheel rotation speed. While indirect TPMS may be less costly to implement, it tends to be less accurate than direct TPMS and may not provide real-time monitoring capabilities.
Understanding the segmentation by technology in the Global TPMS Market provides stakeholders with insights into the capabilities, limitations, and suitability of different TPMS solutions for various applications. Direct TPMS is often preferred for its accuracy and real-time monitoring capabilities, making it suitable for a wide range of vehicles, including passenger cars, commercial trucks, and off-road vehicles. Indirect TPMS, on the other hand, may be more suitable for cost-sensitive applications or vehicles where direct sensor installation is impractical. By analyzing the market dynamics and adoption trends for each technology, stakeholders can make informed decisions regarding TPMS solutions that best meet their requirements in the Global TPMS Market.
Global Tire-Pressure Monitoring System Market, Segmentation by Vehicle Type
The Global Tire-Pressure Monitoring System Market has been segmented by Vehicle Type into Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle.
Segmentation of the Global Tire-Pressure Monitoring System (TPMS) Market by vehicle type categorizes the market based on the different types of vehicles equipped with TPMS solutions. This segmentation enables a detailed examination of the diverse applications and requirements across various vehicle segments. Common vehicle types include passenger cars, commercial vehicles, and off-road vehicles, each with unique needs and considerations in terms of tire pressure monitoring.
Passenger cars represent a significant segment in the Global TPMS Market, driven by increasing safety regulations and consumer demand for advanced safety features. TPMS in passenger cars serves to enhance driver awareness and safety by providing real-time alerts for underinflated or overinflated tires, reducing the risk of accidents and improving fuel efficiency. Commercial vehicles, including trucks, buses, and vans, also benefit from TPMS technology, as proper tire maintenance is critical for ensuring operational efficiency, reducing downtime, and minimizing the risk of costly tire-related incidents.
Off-road vehicles, such as SUVs, crossovers, and light trucks, present unique challenges for tire pressure monitoring due to their diverse operating environments and terrain. TPMS solutions for off-road vehicles are designed to withstand rugged conditions and provide accurate tire pressure readings across various driving scenarios, including rough terrain and challenging off-road trails. By segmenting the market by vehicle type, stakeholders gain insights into the specific requirements and applications of TPMS solutions tailored to different vehicle segments, enabling them to develop targeted strategies and offerings to meet the diverse needs of customers in the Global TPMS Market.
Global Tire-Pressure Monitoring System Market, Segmentation by Sales Channel
The Global Tire-Pressure Monitoring System Market has been segmented by Sales Channel into OEM and Aftermarket.
Segmentation of the Global Tire-Pressure Monitoring System (TPMS) Market by sales channel categorizes the market based on the various channels through which TPMS solutions are distributed and sold to end-users. This segmentation enables a detailed examination of the distribution landscape and the role of different channels in reaching customers. Common sales channels include OEM (Original Equipment Manufacturer) fitment, aftermarket sales, and online retail, each with distinct characteristics and dynamics within the TPMS market.
OEM fitment represents a significant segment in the Global TPMS Market, wherein TPMS solutions are integrated into vehicles during the manufacturing process by automotive OEMs. TPMS is increasingly becoming a standard feature in new vehicles due to regulatory mandates and consumer demand for advanced safety technologies. As a result, OEM fitment channels play a crucial role in driving TPMS adoption, particularly in passenger cars and commercial vehicles, where safety features are highly valued by customers.
Aftermarket sales channels encompass the distribution of TPMS solutions through automotive parts retailers, dealerships, and service centers for installation in existing vehicles. Aftermarket TPMS solutions cater to vehicle owners looking to retrofit their vehicles with TPMS technology or replace faulty TPMS components. Online retail channels have also emerged as a significant sales channel for aftermarket TPMS solutions, offering convenience and a wide selection of products to consumers. By segmenting the market by sales channel, stakeholders gain insights into the distribution landscape and the role of different channels in driving TPMS adoption and market growth in the Global TPMS Market.
Global Tire-Pressure Monitoring System Market, Segmentation by Geography
In this report, the Global Tire-Pressure Monitoring System Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Tire-Pressure Monitoring System Market Share (%), by Geographical Region, 2024
The Global Tire-Pressure Monitoring System (TPMS) Market share by geographical region for the previous year reflects the distribution of market dominance across different regions worldwide. Geographical regions typically include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. These regions exhibit varying levels of market penetration and adoption of TPMS technology, influenced by factors such as regulatory mandates, automotive industry dynamics, and consumer preferences.
North America and Europe traditionally hold substantial market shares in the Global TPMS Market, driven by stringent regulatory requirements mandating TPMS installation in new vehicles. The mature automotive industries in these regions, coupled with a strong emphasis on vehicle safety and technological advancements, contribute to high TPMS adoption rates. In contrast, Asia Pacific, Latin America, and the Middle East & Africa regions may have smaller market shares but present significant growth opportunities. Factors such as increasing vehicle sales, infrastructure development projects, and rising awareness of safety standards contribute to the growing adoption of TPMS technology in these regions.
Understanding the distribution of market share by geographical region enables stakeholders to identify key growth markets, anticipate trends, and formulate targeted strategies to enhance their competitiveness in the Global TPMS Market. By analyzing regional dynamics and adoption trends, companies can tailor their products, marketing efforts, and distribution strategies to effectively address the unique needs and preferences of customers in different regions. Additionally, insights into regional market shares provide valuable information for investment decisions, market expansion initiatives, and partnerships to capitalize on emerging opportunities in the Global TPMS Market.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Tire-Pressure Monitoring System Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Emphasis on Vehicle Safety
- Regulatory Mandates
- Growing Demand for Fuel-Efficient Vehicles
- Technological Advancements
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Shift towards Electric and Autonomous Vehicles- The shift towards electric and autonomous vehicles is significantly impacting the Global Tire-Pressure Monitoring System (TPMS) Market. Electric vehicles (EVs) and autonomous vehicles (AVs) represent the future of transportation, characterized by advanced technology, improved efficiency, and enhanced safety features. TPMS plays a crucial role in these vehicles by ensuring optimal tire performance, which is essential for the efficiency and safety of EVs and AVs.
In electric vehicles, tire pressure monitoring is particularly important due to the unique characteristics of electric drivetrains. Maintaining proper tire pressure is essential for maximizing the range of electric vehicles and optimizing energy efficiency. TPMS systems in EVs provide real-time monitoring of tire pressure, allowing drivers to promptly address any deviations and optimize performance. Similarly, in autonomous vehicles, accurate tire pressure monitoring is essential for ensuring safe and reliable operation. TPMS technology provides vital data to autonomous vehicle systems, enabling them to make informed decisions and adapt to changing road conditions, ultimately enhancing the safety and reliability of AVs. As the adoption of electric and autonomous vehicles continues to grow, the demand for advanced TPMS solutions tailored to the unique requirements of these vehicles is expected to increase, driving innovation and growth in the Global TPMS Market.
Restraints
- High Initial Costs
- Compatibility Issues with Aftermarket TPMS
- Reliability Concerns
- Limited Awareness among Consumers
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Complexity of TPMS Integration- The complexity of TPMS integration poses a significant challenge in the Global Tire-Pressure Monitoring System (TPMS) Market. Integrating TPMS technology into vehicles requires coordination between various automotive systems, including the tire, wheel, braking, and vehicle electronics. Ensuring seamless integration of TPMS sensors, receivers, and control modules with existing vehicle components adds complexity to the manufacturing process and may require modifications to vehicle designs and architectures.
The diversity of vehicle models and configurations further complicates TPMS integration efforts. Different vehicles may have varying tire sizes, wheel types, and electronic architectures, necessitating customizations and adaptations to accommodate TPMS technology. Additionally, compatibility issues may arise when integrating TPMS systems with aftermarket components or retrofitting older vehicles with TPMS solutions. Addressing these integration challenges requires close collaboration between automotive OEMs, TPMS manufacturers, and suppliers to develop standardized solutions and streamline integration processes, ultimately driving innovation and growth in the Global TPMS Market.
Opportunities
- Expansion in Emerging Markets
- Integration with Connected Car Technologies
- Development of Advanced Sensor Technologies
- Aftermarket TPMS Solutions
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Partnerships and Collaborations with Automotive OEMs- Partnerships and collaborations with automotive OEMs play a pivotal role in the Global Tire-Pressure Monitoring System (TPMS) Market. These collaborations allow TPMS manufacturers to work closely with vehicle manufacturers to integrate TPMS technology seamlessly into new vehicle models. By partnering with automotive OEMs, TPMS manufacturers can gain insights into the specific requirements and preferences of OEMs, ensuring that TPMS solutions meet industry standards and regulatory requirements while also aligning with OEMs' design and performance specifications.
Partnerships with automotive OEMs enable TPMS manufacturers to leverage the OEMs' extensive distribution networks and market reach, facilitating the widespread adoption of TPMS technology. By collaborating with OEMs, TPMS manufacturers can access new markets, expand their customer base, and increase product visibility among automotive manufacturers and consumers alike. These partnerships also foster innovation and technology advancement, as OEMs and TPMS manufacturers work together to develop next-generation TPMS solutions that meet the evolving needs of the automotive industry, ultimately driving growth in the Global TPMS Market.
Competitive Landscape Analysis
Key players in Global Tire-Pressure Monitoring System Market include,
- Continental AG
- Schrader International, Inc.
- HELLA GmbH & Co. KGaA
- ZF Friedrichshafen AG
- DENSO Corporation
- NXP Semiconductors
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Technology
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Sales Channel
- Market Snapshot, By Region
- Global Tire-Pressure Monitoring System Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Emphasis on Vehicle Safety
- Regulatory Mandates
- Growing Demand for Fuel-Efficient Vehicles
- Technological Advancements
- Shift towards Electric and Autonomous Vehicles
- Restraints
- High Initial Costs
- Compatibility Issues with Aftermarket TPMS
- Reliability Concerns
- Limited Awareness among Consumers
- Complexity of TPMS Integration
- Opportunities
- Expansion in Emerging Markets
- Integration with Connected Car Technologies
- Development of Advanced Sensor Technologies
- Aftermarket TPMS Solutions
- Partnerships and Collaborations with Automotive OEMs
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Tire-Pressure Monitoring System Market, By Technology, 2021 - 2031 (USD Million)
- Direct TPMS
- Indirect TPMS
- Global Tire-Pressure Monitoring System Market, By Vehicle Type, 2021 - 2031 (USD Million)
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Global Tire-Pressure Monitoring System Market, By Sales Channel, 2021 - 2031 (USD Million)
- OEM
- Aftermarket
- Global Tire-Pressure Monitoring System Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Tire-Pressure Monitoring System Market, By Technology, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Continental AG
- Schrader International, Inc.
- HELLA GmbH & Co. KGaA
- ZF Friedrichshafen AG
- DENSO Corporation
- NXP Semiconductors
- Company Profiles
- Analyst Views
- Future Outlook of the Market