The global tire pressure monitoring system (TPMS) market size reached USD 7.4 Billion in 2024. Looking forward, the publisher expects the market to reach USD 15.1 Billion by 2033, exhibiting a growth rate (CAGR) of 7.8% during 2025-2033. Increasing vehicle safety regulations, advancements in technology, rising consumer safety awareness, and the rising adoption of advanced driver-assistance systems (ADAS) in vehicles are fueling the pressure monitoring system (TPMS) market.
A tire pressure monitoring system (TPMS) refers to an electronic solution to maintain adequate air pressure in the tires of vehicles. Two of the commonly used TPMS include direct and indirect TPMS. Direct TPMS uses a sensor mounted on the wheels to measure the pressure in each tire. On the other hand, indirect TPMS works with antilock braking system (ABS) speed sensors to monitor the air pressure. They provide real-time information about the tire pressure to the driver through a pictogram display and sound an alarm in case the tires are underinflated. This, in turn, aids in improving vehicle safety, fuel economy and minimizing carbon emissions.
Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the increasing consumer preference for advanced driver-assistance systems (ADASs) for enhanced safety on the road is providing a thrust to the market growth. Various technological advancements, such as the integration of energy harvesting and display systems to provide information about the health of the vehicle, are acting as other growth-inducing factors. There is also increasing preference for direct TPMS as it uses advanced sensors to gather accurate pressure information from the tire valves and transmit the information in real-time. Other factors, including the implementation of favorable government policies mandating the installation of TPMS in automobiles to minimize the instances of road accidents and casualties, along with extensive research and development (R&D) activities, are some of the other factors anticipated to drive the market further.
2. What is the expected growth rate of the global Tire Pressure Monitoring System (TPMS) market during 2025-2033?
3. What are the key factors driving the global Tire Pressure Monitoring System (TPMS) market?
4. What has been the impact of COVID-19 on the global Tire Pressure Monitoring System (TPMS) market?
5. What is the breakup of the global Tire Pressure Monitoring System (TPMS) market based on the type?
6. What is the breakup of the global Tire Pressure Monitoring System (TPMS) market based on the technology?
7. What is the breakup of the global Tire Pressure Monitoring System (TPMS) market based on the vehicle type?
8. What is the breakup of the global Tire Pressure Monitoring System (TPMS) market based on the distribution channel?
9. What are the key regions in the global Tire Pressure Monitoring System (TPMS) market?
10. Who are the key players/companies in the global Tire Pressure Monitoring System (TPMS) market?
A tire pressure monitoring system (TPMS) refers to an electronic solution to maintain adequate air pressure in the tires of vehicles. Two of the commonly used TPMS include direct and indirect TPMS. Direct TPMS uses a sensor mounted on the wheels to measure the pressure in each tire. On the other hand, indirect TPMS works with antilock braking system (ABS) speed sensors to monitor the air pressure. They provide real-time information about the tire pressure to the driver through a pictogram display and sound an alarm in case the tires are underinflated. This, in turn, aids in improving vehicle safety, fuel economy and minimizing carbon emissions.
Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the increasing consumer preference for advanced driver-assistance systems (ADASs) for enhanced safety on the road is providing a thrust to the market growth. Various technological advancements, such as the integration of energy harvesting and display systems to provide information about the health of the vehicle, are acting as other growth-inducing factors. There is also increasing preference for direct TPMS as it uses advanced sensors to gather accurate pressure information from the tire valves and transmit the information in real-time. Other factors, including the implementation of favorable government policies mandating the installation of TPMS in automobiles to minimize the instances of road accidents and casualties, along with extensive research and development (R&D) activities, are some of the other factors anticipated to drive the market further.
Tire Pressure Monitoring System (TPMS) Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on type, technology, vehicle type, and distribution channel.Breakup by Type:
- Direct TPMS
- Indirect TPMS
Breakup by Technology:
- Intelligent TPMS
- Conventional TPMS
Breakup by Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
Breakup by Distribution Channel:
- OEMs
- Aftermarket
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ATEQ, Bartec USA LLC, Bendix Commercial Vehicle Systems LLC (Knorr Brake Holding Corporation), Continental Aktiengesellschaft, Denso Corporation, Hamaton Automotive Technology Co. Ltd. (Hangzhou Hamaton Intelligent Control Holdings Co. Ltd.), Huf Hülsbeck & Fürst GmbH & Co. KG, Nira Dynamics AB, NXP Semiconductors N.V., Pacific Industrial Co. Ltd., Sensata Technologies Inc. and WABCO Holdings Inc. (ZF Friedrichshafen AG).Key Questions Answered in This Report
1. How big is the global Tire Pressure Monitoring System (TPMS) market?2. What is the expected growth rate of the global Tire Pressure Monitoring System (TPMS) market during 2025-2033?
3. What are the key factors driving the global Tire Pressure Monitoring System (TPMS) market?
4. What has been the impact of COVID-19 on the global Tire Pressure Monitoring System (TPMS) market?
5. What is the breakup of the global Tire Pressure Monitoring System (TPMS) market based on the type?
6. What is the breakup of the global Tire Pressure Monitoring System (TPMS) market based on the technology?
7. What is the breakup of the global Tire Pressure Monitoring System (TPMS) market based on the vehicle type?
8. What is the breakup of the global Tire Pressure Monitoring System (TPMS) market based on the distribution channel?
9. What are the key regions in the global Tire Pressure Monitoring System (TPMS) market?
10. Who are the key players/companies in the global Tire Pressure Monitoring System (TPMS) market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Tire Pressure Monitoring System (TPMS) Market
6 Market Breakup by Type
7 Market Breakup by Technology
8 Market Breakup by Vehicle Type
9 Market Breakup by Distribution Channel
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ATEQ
- Bartec USA LLC
- Bendix Commercial Vehicle Systems LLC (Knorr Brake Holding Corporation)
- Continental Aktiengesellschaft
- Denso Corporation
- Hamaton Automotive Technology Co. Ltd. (Hangzhou Hamaton Intelligent Control Holdings Co. Ltd.)
- Huf Hülsbeck & Fürst GmbH & Co. KG
- Nira Dynamics AB
- NXP Semiconductors N.V.
- Pacific Industrial Co. Ltd.
- Sensata Technologies Inc. and WABCO Holdings Inc. (ZF Friedrichshafen AG)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | January 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 7.4 Billion |
| Forecasted Market Value ( USD | $ 15.1 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
