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What’s The Market Size Analysis Of The Global Automotive Tire Pressure Monitoring System?
The global automotive tire pressure monitoring system (TPMS) market has shown remarkable growth in recent years, escalating from $9.59 billion in 2024 to $11.06 billion in 2025 at a sturdy compound annual growth rate (CAGR) of 15.3%. The significant progression during the historic period is fueled by an increase in automotive production and sales, along with the rapid expansion of the automotive aftermarket. Furthermore, escalating safety and security requirements, fueled by mounting globalization and international trade, have played pivotal roles in this upsurge.
Expecting to continue its steady ascent, the automotive tire pressure monitoring system market is forecasted to reach impressive heights of $19.56 billion by 2029, progressing at a persistent CAGR of 15.3%. Key drivers stimulating this expected growth in the forecast period include the burgeoning development of autonomous vehicles, stringent government regulations, expansion of the connected car ecosystem, electrification of vehicles, and rising disposable income. Furthermore, advancements in sensor technology, smartphone integration, data analytics and AI, predictive maintenance, and connected TPMS are the major trends expected to shape the market during the forecast period.
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What Are The Key Drivers Propelling The Automotive Tire Pressure Monitoring Systems Market?
A significant driver of the automotive TPMS market is the rising number of accidents. Accidents remain unforeseen events associated with injury or loss of life, prompting regulatory authorities to mandate the installation of tire pressure monitoring systems in automobiles. In July 2024, the National Safety Council reported an estimated 3,820 motor vehicle deaths, reflecting a slight increase compared to the 3,780 deaths in June 2023. Thus, the growing number of accidents and subsequent road fatalities amplify the demand for automotive tire pressure monitoring systems, driving the market’s growth and evolution.
What Are The Primary Segments Within The Automotive Tire Pressure Monitoring System Market?
1) By Type: Direct TPMS, Indirect TPMS
2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
3) By Sales Channel Type: OEM, Aftermarket
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Who are The Major Players Operating In The Automotive Tire Pressure Monitoring System Market?
Reputable companies like Continental AG, Sensata Technologies Holding plc, Denso Corporation, Pacific Industrial Co. Ltd., NXP Semiconductors N.V., Huf Hülsbeck & Fürst GmbH & Co. KG, and Nira Dynamics AB have established operations in the automotive TPMS market. In addition, Hamaton Automotive Technology Co. Ltd., ATEQ TPMS, Alligator Ventilfabrik GmbH, ALPS ALPINE CO. LTD, Doran Manufacturing, Bartec USA LLC, Dill Air Controls Products, ZF Friedrichshafen AG, DUNLOP TECH GmbH, Schrader International Inc. and WABCO Holdings Inc. are also significant players in this growing market.
What Are The Emerging Trends Shaping The Automotive Tire Pressure Monitoring System Market?
Emerging trends in the automotive TPMS market are broadly driven by technological advancements. Companies operating in this sector are focused on innovative new products deriving from advanced technologies for market growth. Notably, in June 2022, Sensata Technologies introduced the Intelligent Tire Pressure Monitoring System (TPMS) equipped with Bluetooth low energy wireless technology for improved vehicle safety and performance. This system is compatible with Over-the-Air updates, enabling drivers to receive updates without visiting service centers for enhanced cybersecurity measures.
Which Regions Are Experiencing The Fastest Growth In The Automotive Tire Pressure Monitoring System Market?
North America dominated the automotive TPMS market in 2024. However, Asia-Pacific is predicted to be the fastest-growing region in the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Automotive Tire Pressure Monitoring System Market Report 2025 Offer?
The automotive tire pressure monitoring system (TPMS) is an electronic system designed to monitor the tire’s internal air pressure and relay real-time pressure data to the driver, while warning about underinflated tires. Used in vehicles, these systems employ pressure sensors for monitoring purposes. The Automotive Tire Pressure Monitoring System Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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