+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Tire Pressure Monitoring System (TPMS) Market Report by Type (Direct TPMS, Indirect TPMS), Technology (Intelligent TPMS, Conventional TPMS), Vehicle Type (Passenger Vehicles, Commercial Vehicles), Distribution Channel (OEMs, Aftermarket), and Region 2024-2032

  • PDF Icon

    Report

  • 141 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5946922
Description Jump to:
The global tire pressure monitoring system (TPMS) market size reached US$ 6.9 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 14.3 Billion by 2032, exhibiting a growth rate (CAGR) of 8.4% during 2023-2032.

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.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global tire pressure monitoring system (TPMS) market report, along with forecasts at the global, regional and country level from 2024-2032. The 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 2024-2032?
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 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Tire Pressure Monitoring System (TPMS) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Direct TPMS
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Indirect TPMS
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Technology
7.1 Intelligent TPMS
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Conventional TPMS
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Vehicle Type
8.1 Passenger Vehicles
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial Vehicles
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 OEMs
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Aftermarket
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ATEQ
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Bartec USA LLC
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Bendix Commercial Vehicle Systems LLC (Knorr Brake Holding Corporation)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Continental Aktiengesellschaft
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Denso Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Hamaton Automotive Technology Co. Ltd. (Hangzhou Hamaton Intelligent Control Holdings Co. Ltd.)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 Huf Hülsbeck & Fürst GmbH & Co. KG
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Nira Dynamics AB
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 NXP Semiconductors N.V.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Pacific Industrial Co. Ltd.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Sensata Technologies Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Wabco Holdings Inc. (ZF Friedrichshafen AG)
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 SWOT Analysis
List of Figures
Figure 1: Global: Tire Pressure Monitoring System Market: Major Drivers and Challenges
Figure 2: Global: Tire Pressure Monitoring System Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Tire Pressure Monitoring System Market: Breakup by Type (in %), 2023
Figure 4: Global: Tire Pressure Monitoring System Market: Breakup by Technology (in %), 2023
Figure 5: Global: Tire Pressure Monitoring System Market: Breakup by Vehicle Type (in %), 2023
Figure 6: Global: Tire Pressure Monitoring System Market: Breakup by Distribution Channel (in %), 2023
Figure 7: Global: Tire Pressure Monitoring System Market: Breakup by Region (in %), 2023
Figure 8: Global: Tire Pressure Monitoring System Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Tire Pressure Monitoring System (Direct TPMS) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Tire Pressure Monitoring System (Direct TPMS) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Tire Pressure Monitoring System (Indirect TPMS) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Tire Pressure Monitoring System (Indirect TPMS) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Tire Pressure Monitoring System (Intelligent TPMS) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Tire Pressure Monitoring System (Intelligent TPMS) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Tire Pressure Monitoring System (Conventional TPMS) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Tire Pressure Monitoring System (Conventional TPMS) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Tire Pressure Monitoring System (Passenger Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Tire Pressure Monitoring System (Passenger Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Tire Pressure Monitoring System (Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Tire Pressure Monitoring System (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Tire Pressure Monitoring System (OEMs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Tire Pressure Monitoring System (OEMs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Tire Pressure Monitoring System (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Tire Pressure Monitoring System (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: North America: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: North America: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: United States: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: United States: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Canada: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Canada: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Asia Pacific: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Asia Pacific: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: China: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: China: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Japan: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Japan: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: India: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: India: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: South Korea: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: South Korea: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Australia: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Australia: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Indonesia: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Indonesia: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Others: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Others: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Europe: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Europe: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Germany: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Germany: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: France: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: France: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: United Kingdom: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: United Kingdom: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Italy: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Italy: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Spain: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Spain: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Russia: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Russia: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Others: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Others: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Latin America: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Latin America: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Brazil: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Brazil: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Mexico: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Mexico: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Others: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Others: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Middle East and Africa: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Middle East and Africa: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Global: Tire Pressure Monitoring System Industry: SWOT Analysis
Figure 74: Global: Tire Pressure Monitoring System Industry: Value Chain Analysis
Figure 75: Global: Tire Pressure Monitoring System Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Tire Pressure Monitoring System Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Tire Pressure Monitoring System Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Tire Pressure Monitoring System Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 4: Global: Tire Pressure Monitoring System Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 5: Global: Tire Pressure Monitoring System Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 6: Global: Tire Pressure Monitoring System Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Tire Pressure Monitoring System Market Structure
Table 8: Global: Tire Pressure Monitoring System Market: Key Players

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
  • WABCO Holdings Inc. (ZF Friedrichshafen AG)

Methodology

Loading
LOADING...

Table Information

Report AttributeDetails
No. of Pages141
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 6.9 Billion
Forecasted Market Value ( USD ) by 2032 $ 14.3 Billion
Compound Annual Growth Rate8.4%
Regions CoveredGlobal
No. of Companies Mentioned12

Related Topics

Related Reports

Tire Pressure Monitoring Systems (TPMS) - Global Strategic Business Report - Product Image

Tire Pressure Monitoring Systems (TPMS) - Global Strategic Business Report

  • Report
  • 313 Pages
  • Global
From
Tire Pressure Monitoring System Battery Market by Battery Type, TPMS Type, Distribution Channel, Vehicle Type - Global Forecast 2025-2030 - Product Image

Tire Pressure Monitoring System Battery Market by Battery Type, TPMS Type, Distribution Channel, Vehicle Type - Global Forecast 2025-2030

  • Report
  • 196 Pages
  • Global
From
Tire Pressure Monitoring System Market Report and Forecast 2024-2032 - Product Image

Tire Pressure Monitoring System Market Report and Forecast 2024-2032

  • Report
  • 184 Pages
  • Global
From
Automotive Tire Pressure Monitoring System Global Market Report 2024 - Product Image

Automotive Tire Pressure Monitoring System Global Market Report 2024

  • Report
  • 200 Pages
  • Global
From
Tire Pressure Monitoring Systems Market by Type, Vehicle, End User - Global Forecast 2025-2030 - Product Image

Tire Pressure Monitoring Systems Market by Type, Vehicle, End User - Global Forecast 2025-2030

  • Report
  • 187 Pages
  • Global
From

About the Tire Pressure Monitoring Market

The Tire Pressure Monitoring market is a subset of the Automotive Safety industry. It is focused on the development of systems and technologies that monitor the pressure of tires in vehicles. This is done to ensure that the tires are properly inflated, as this is essential for the safety of the vehicle and its passengers. Tire Pressure Monitoring systems can detect when a tire is under-inflated and alert the driver, allowing them to take corrective action. This technology is becoming increasingly important as it can help to reduce the risk of tire failure, which can lead to serious accidents. The Tire Pressure Monitoring market is highly competitive, with a range of companies offering products and services. Some of the major players in the market include Continental AG, Delphi Automotive, Denso Corporation, and Robert Bosch GmbH. Show Less Read more

Copyright © 2002-2024 Research and Markets. All Rights Reserved.