According to recent findings, the Global Tire Pressure Monitoring Systems Market size was valued at around USD 6.59 billion in 2024 and is projected to reach USD 11.25 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9.32% during the forecast period, i.e., 2025-30.
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Tire Pressure Monitoring Systems Overview:
The market growth is attributed to rising safety concerns, government regulations, and the surging number of passenger & commercial vehicles. Additionally, the elevating number of luxury vehicles, increasing economic and environmental policies, shifting consumer and manufacturer preference for advanced safety features, and the need to reduce vehicular emissions and improve vehicle fuel efficiency are also aiding in market expansion.
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Tire Pressure Monitoring Systems Outlook and Future Trends :
Evolving Technological Advancement – Technological advancements such as enhanced sensor accuracy, real-time data monitoring, and longer battery life are making TPMS solutions more reliable and user-friendly. These improvements facilitate seamless integration with modern vehicle systems, ensuring efficient performance and ease of use for both manufacturers and consumers. As a result, the adoption of TPMS is accelerating, driven by heightened safety standards and consumer demand for advanced automotive features. Overall, technological innovation is serving as a key catalyst for growth and competitiveness within the TPMS market.
Global Tire Pressure Monitoring Systems Segmentation Analysis:
By Technology
- Direct Tire Pressure Monitoring System
- Indirect Tire Pressure Monitoring System
According to reports,Here, Direct Tire Pressure Monitoring System is expected to gain the largest market share during the forecast period, aided by the features such as delivering exact pressure for each tire, no loss of tire pressure information, sensor batteries that last the life of the vehicle mostly and ability to monitor spare tires.
By Sales Channel
- OEMs
- Aftermarket
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
According to reports,Between the two, Passenger Vehicle dominated the market with the largest market share during the historical period and is anticipated to follow the same trend in the forecast years.
By Region
- North America
- South America
- Europe
- Middle East
- Africa
- Asia-Pacific.
According to reports, Globally, Asia-Pacific is expected to address the maximum growth in the market during the forecasting period, attributing to the adherence to strict regulatory rules concerning safety and the use of tire pressure monitoring systems in emerging nations such as China, Japan, and South Korea.
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Some of the Market players in the Global Tire Pressure Monitoring Systems are:
- Continental AG
- Denso corporation
- Delphi Automotive
- Sensata Technologies
- Dunlop Tech Gbmh
- Wabco
- Bendix Commercial Vehicle systems LLC
- Schrader Electronics
- Pacific Industrial Co., Ltd.
- Huf and Hlsbeck & Frst Gmbh & Co..
Tire Pressure Monitoring Systems Recent Development:
- 2024: Continental AG expanded its Tire Pressure Monitoring System production capacity in India, doubling its capacity at Banglore plant. This expansion includes a second-generation TPMS, which enhances safety and sustainability by transmitting tire pressure, temperature, and motion data. The initiative aligns with Continental’s Vision Zero commitment for safer mobility, aiming to improve vehicle safety and efficiency.
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Key Highlights of the Report – Unlock Valuable Market Insights
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- Company Strategies & Developments – Discover recent mergers, acquisitions, partnerships, and innovations.
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- Import & Export Dynamics – Analyze global trade flows, regional export trends, and supply chain movements.
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- Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
- Market Trends & Growth Drivers – Stay ahead with insights into evolving consumer behavior and industry indicators.
Research Methodology Summary
A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.
Key Steps:
- Define objectives and research design
- Collect data through surveys and interviews
- Analyze and validate data using reliable tools
- Forecast trends and deliver actionable insights
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