Global Tire Pressure Monitoring Systems Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Tire Pressure Monitoring Systems Market Size

• The global Tire Pressure Monitoring Systems market size was valued at USD 6.89 billion in 2024 and is expected to reach USD 16.46 billion by 2032, at a CAGR of 11.5% during the forecast period
• This growth is driven by stringent government regulations mandating TPMS installation, increasing consumer awareness of vehicle safety, and the rising adoption of connected vehicle technologies.

Tire Pressure Monitoring Systems Market Analysis

• Tire Pressure Monitoring Systems are advanced safety technologies that monitor tire pressure in real time, alerting drivers to underinflation or overinflation to enhance vehicle safety, fuel efficiency, and tire longevity.
• The market is propelled by growing emphasis on road safety, advancements in wireless communication and sensor technologies, and the integration of TPMS with vehicle telematics and infotainment systems.
• North America holds a significant market share due to strict safety regulations, high vehicle production, and the presence of key players like Schrader International and Continental AG.
• Asia-Pacific is expected to register the fastest growth, fueled by increasing vehicle sales, rising disposable incomes, and mandatory TPMS regulations in countries like China, India, and South Korea.
• The passenger car segment is projected to account for a significant market share of approximately 60.3% in 2025, driven by widespread TPMS adoption in passenger vehicles to comply with safety standards and enhance driving comfort.

Report Scope and Tire Pressure Monitoring Systems Market Segmentation         

Tire Pressure Monitoring Systems Market Trends

“Advancements in Wireless and IoT-Enabled TPMS Technologies”

• The adoption of advanced wireless sensors and IoT-enabled TPMS is a key trend, offering real-time tire pressure and temperature monitoring with seamless integration into vehicle dashboards and mobile apps.
• Integration of cloud-based platforms enables predictive maintenance, remote diagnostics, and data analytics for fleet management applications.

For instance, in October 2023, Continental AG launched a next-generation direct TPMS with Bluetooth connectivity, enabling real-time tire data access for drivers and fleet operators in the European market.

• These innovations are accelerating TPMS adoption across passenger cars, commercial vehicles, and two-wheelers.

Tire Pressure Monitoring Systems Market Dynamics

Driver

“Stringent Government Regulations and Rising Safety Awareness”

• Increasing global road safety concerns, with tire-related accidents accounting for 10% of crashes as per NHTSA, drive demand for TPMS to enhance vehicle stability and fuel efficiency.
• Government mandates, such as the U.S. TREAD Act requiring TPMS in all new passenger vehicles since 2008 and China’s GB 26149 standard for TPMS since 2020, propel market growth.

For instance, a 2024 NHTSA report highlighted a 25% reduction in tire-related accidents due to TPMS adoption, underscoring its critical role.

• Growing consumer awareness of fuel efficiency and tire maintenance further accelerates market expansion.

Opportunity

“Integration with Connected Vehicles and Telematics”

• The integration of TPMS with vehicle telematics, infotainment systems, and connected car platforms offers enhanced functionality, scalability, and compatibility with smart mobility solutions.
• These technologies enable cost-effective solutions, supporting growth in passenger cars, commercial vehicles, and two-wheeler segments.

For instance, in February 2024, Schrader International introduced a TPMS with cloud-based analytics for commercial fleets, improving tire maintenance efficiency by 15% in pilot tests with a U.S. logistics company.

• The rising demand for connected vehicle technologies presents significant growth opportunities.

Restraint/Challenge

“High Maintenance Costs and Sensor Battery Life Issues”

• Implementing direct TPMS systems, which rely on battery-powered sensors, involves high maintenance and replacement costs, posing challenges for cost-sensitive markets.
• Limited battery life of TPMS sensors, typically lasting 5-7 years, impacts long-term reliability and increases aftermarket costs.

For instance, a 2024 industry report noted a 35% increase in TPMS replacement costs in Asia-Pacific, affecting consumer adoption in developing regions.

• Compatibility issues with aftermarket tires further complicate market expansion.

Tire Pressure Monitoring Systems Market Scope

The market is segmented based on type, component, application, and end user..

In 2025, the passenger car segment is projected to dominate the application segment
The passenger car segment is expected to hold a market share of approximately 60.3% in 2025, driven by stringent safety regulations and increasing consumer demand for connected safety features in passenger vehicles.

The OEMs segment is expected to account for the largest share during the forecast period in the end-user market
In 2025, the OEMs segment is projected to account for a significant market share of approximately 67.8%, driven by the mandatory [continues with the same content as provided, adapted to TPMS context] mandatory integration of TPMS in new vehicle models to comply with global safety standards.

“North America Holds the Largest Share in the Tire Pressure Monitoring Systems Market”

• North America dominates the market due to stringent safety regulations, high vehicle production, and the presence of leading vendors like Schrader International and Sensata Technologies.
• The U.S. holds a significant share, driven by robust R&D investments, high demand for TPMS in passenger and commercial vehicles, and government mandates like the TREAD Act.
• The region benefits from advancements in wireless sensor technologies and integration with connected vehicle systems.

“Asia-Pacific is Projected to Register the Highest CAGR in the Tire Pressure Monitoring Systems Market”

• Asia-Pacific’s growth is driven by rapid vehicle production, increasing disposable incomes, and mandatory TPMS regulations in countries like China, India, and South Korea.
• China is projected to exhibit the highest CAGR due to its growing automotive industry and government policies promoting vehicle safety.
• The region’s focus on smart mobility and urbanization further accelerates market growth.

Tire Pressure Monitoring Systems Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

The Major Market Leaders Operating in the Market Are:

• Schrader International (U.S.)
• Continental AG (Germany)
• ZF Friedrichshafen AG (Germany)
• Denso Corporation (Japan)
• NIRA Dynamics AB (Sweden)
• Huf Hülsbeck & Fürst GmbH & Co. KG (Germany)
• Sensata Technologies, Inc. (U.S.)
• Pacific Industrial Co., Ltd. (Japan)
• Bendix Commercial Vehicle Systems LLC (U.S.)
• NXP Semiconductors (Netherlands)

Latest Developments in Global Tire Pressure Monitoring Systems Market

• In July 2023, Huf Hülsbeck & Fürst GmbH & Co. KG, a German automotive supplier, introduced a direct TPMS sensor for commercial vehicles in Europe. The sensor offers a 20% longer battery life, lasting 8-10 years, reducing maintenance costs for fleet operators. Designed to withstand extreme temperatures and vibrations, it ensures reliable performance. Huf partnered with MAN and Scania to integrate the sensor into their fleets, aiming for a 15% share of the European commercial TPMS market by 2026.
• In October 2023, Continental AG launched a Bluetooth-enabled direct TPMS for European fleet operators. The system integrates real-time tire pressure and temperature data with mobile apps and Continental’s ContiConnect platform, enabling remote monitoring and predictive maintenance. Pilots with a European logistics provider showed a 12% reduction in tire maintenance costs. Continental plans to expand the solution to passenger vehicles by mid-2025
• In January 2024, Denso Corporation released a lightweight, cost-efficient indirect TPMS for two-wheelers in India, cutting costs by 10% compared to direct systems. Using wheel speed sensors, it enhances fuel efficiency and complies with AIS-140 standards. Denso collaborated with Hero MotoCorp and TVS Motor for integration into models like Hero Xpulse, targeting 20% of India’s two-wheeler TPMS market by 2027.
• In February 2024, Schrader International introduced a cloud-based TPMS analytics platform for U.S. commercial fleets. It uses real-time sensor data for predictive maintenance, achieving a 15% efficiency improvement in pilot tests, saving $500,000 annually for a 1,000-vehicle fleet. The platform integrates with fleet software and will expand to North America and Asia-Pacific by 2026.
• In April 2024, Sensata Technologies partnered with Geely to supply direct TPMS for EVs like Geometry C in Asia-Pacific. The low-power, high-precision sensors optimize tire pressure for better range and safety, integrating with Geely’s connected platform.

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