The global tire pressure monitoring system market value reached around USD 7.01 Billion in 2023 due to increasing emphasis on vehicle safety and regulatory mandates for TPMS in many regions, such as USA. Advancements in technology, such as the integration of IoT and AI, have enhanced the capabilities of TPMS, allowing for real-time monitoring and predictive maintenance. This not only improves safety but also helps in fuel efficiency by ensuring tires are properly inflated. As a result, the industry is expected to grow at a CAGR of 9.40% during the forecast period of 2024-2032 to attain a value of USD 15.74 Billion by 2032.
Base Year
Historical Year
Forecast Year
| Global Tire Pressure Monitoring System Market Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 7.01 |
| Market Size 2032 | USD Billion | 15.74 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 9.4% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 10.8% |
| CAGR 2024-2032 - Market by Country | India | 12.4% |
| CAGR 2024-2032 - Market by Country | China | 10.4% |
| CAGR 2024-2032 - Market by Type | Direct TPMS | 10.5% |
| CAGR 2024-2032 - Market by Vehicle Type | Passenger Cars | 10.7% |
| Market Share by Country 2023 | UK | 3.5% |
A TPMS can improve fuel efficiency, safety and vehicle performance, and tire life by preventing under-inflation or over-inflation of tires. The tire pressure monitoring system market value is fuelled by rising demand for automobiles across the globe, especially in emerging economies such as India, China, Mexico, and Brazil. The rising awareness among consumers about the benefits of TPMS and the stringent regulations imposed by various governments to ensure road safety is also contributing to the tire pressure monitoring system market growth.
Moreover, the wide adoption of advanced driver assistance systems (ADAS), the emergence of smart tires, and the development of wireless, solar-powered, and battery less TPMS are some of the factors that are likely to create new opportunities for the tire pressure monitoring system market development.
Value in USD Billion
2024-2032
Tire Pressure Monitoring System Market Outlook
*this image is indicative*
Growing demand for eco-friendly vehicles, rising adoption of autonomous and connected vehicles, and increasing implementation of stringent safety regulations are the key trends propelling the market growth.
Tire pressure monitoring systems can improve fuel efficiency and reduce greenhouse gas emissions by maintaining optimal tire pressure. This trend will boost the tire pressure monitoring system market revenue as more consumers and governments opt for greener transportation. The U.S. Environmental Protection Agency (EPA) indicates that maintaining optimal tire pressure can improve fuel efficiency by approximately 1%, which is equal to annual fuel savings of around 100 gallons for long-haul trucks. Additionally, this practice can prevent the release of nearly one metric ton of CO2 emissions each year, underscoring the significance of Tire Pressure Monitoring Systems (TPMS) in promoting sustainability initiatives. Research conducted by the International Council on Clean Transportation (ICCT) further supports the idea that improperly inflated tires contribute to increased fuel consumption and, consequently, increased greenhouse gas emissions. In regions such as the European Union, the implementation of TPMS is anticipated to aid in the reduction of CO2 emissions from passenger vehicles, aligning with broader regulatory efforts aimed at minimising the environmental impact of the transportation sector.
Tire pressure monitoring systems can enhance the safety and performance of autonomous and connected vehicles by providing real-time data and alerts. This trend will increase the demand of tire pressure monitoring system market as more vehicle manufacturers integrate advanced technologies and features. For instance, Goodyear and Gatik have partnered to integrate Goodyear's SightLine technology into Gatik's autonomous delivery vehicles. This high-end technology enables ongoing monitoring of tire health and road conditions, transmitting real-time data to the vehicle's control system. As a result, the autonomous fleet can modify various parameters, including braking, cornering, and tire load, in response to road conditions and payload, thereby improving safety and operational reliability. The use of real-time tire data has further helped Gatik reduce downtime, enhance delivery efficiency, and boost safety in their autonomous logistics operations across North America.
The shift towards Direct Tire Pressure Monitoring Systems (dTPMS) is significantly influencing the tire pressure monitoring system market, as these systems provide real-time monitoring by using sensors installed directly in each tire. A notable example is the TREAD Act in the U.S., which mandates that all passenger cars and light trucks be equipped with TPMS, underscoring the importance of safety in vehicle design. As a result, manufacturers like BMW and Volkswagen have integrated dTPMS into their vehicles, enhancing safety features and meeting regulatory requirements. Additionally, advancements in sensor technology, such as battery-less sensors and improved durability, are making dTPMS more appealing to consumers and manufacturers alike. Moreover, educational campaigns by safety organisations are raising awareness about the dangers of under-inflated tires, which can lead to blowouts and accidents. For instance, insurance companies now offer discounts for vehicles equipped with TPMS, incentivising consumers to adopt this technology. This trend is reflected in the growing number of vehicles equipped with dTPMs. The integration of dTPMS with advanced driver-assistance systems (ADAS) further enhances its functionality, providing drivers with alerts about tire conditions that can improve fuel efficiency and vehicle handling.
Many countries have enacted laws that require new vehicles to be equipped with TPMS to enhance road safety. For instance, regulations in the European Union and South Korea mandate that all new passenger vehicles include TPMS, reflecting a commitment to reducing tire-related accidents. In South Korea, after 2015, it became mandatory for all vehicles to have TPMS regardless of size, showcasing the country's proactive approach to vehicle safety. Additionally, government initiatives aimed at improving vehicle safety standards are coupled with campaigns to educate drivers about maintaining optimal tire pressure. This has led to a significant increase in consumer awareness regarding the benefits of TPMS, such as improved fuel efficiency and reduced tire wear. For example, the National Highway Traffic Safety Administration (NHTSA) reports that proper tire maintenance can enhance fuel economy by up to 3% and extend tire life significantly. Furthermore, many commercial vehicle operators are integrating TPMS into their systems to ensure safety and efficiency. This trend is particularly prevalent in logistics companies where maintaining optimal tire pressure is critical for preventing blowouts and reducing operational costs.
Increasing implementation of stringent safety regulations is a crucial trend of tire pressure monitoring system market. Tire pressure monitoring systems can prevent tire blowouts and accidents caused by underinflated or overinflated tires. This trend will drive the market value as more countries and regions mandate the installation of tire pressure monitoring systems in new vehicles. The increased preference for advanced driver assistance systems (ADAS) by customers due to their ability to enhance vehicular safety is aiding the market growth because TPMS helps to lower the risk of accidents and breakdowns. The sales of luxury vehicles with advanced tire pressure monitoring systems are also increasing due to their ability to improve passenger safety.
For instance, In the European Union, the upcoming implementation of the second phase of the General Safety Regulation (GSR II), set to take effect in July 2024, requires that all newly manufactured vehicles, including commercial trucks, be equipped with tire pressure monitoring Systems (TPMS) to enhance road safety.
The costs associated with TPMS technology can pose a significant obstacle, particularly for consumers in price-sensitive markets. While direct TPMS systems are recognised for their high accuracy, they also come with higher production and installation expenses. This price sensitivity often leads consumers, especially in the aftermarket sector, to opt for cheaper alternatives that may not comply with safety standards, potentially hindering the growth of premium TPMS products and affecting the tire pressure monitoring system demand forecast.
TPMS sensors depend on batteries that have a limited lifespan, typically requiring replacement every few years. For older vehicles, maintaining these sensors can be both expensive and inconvenient, which may deter consumers from adopting or keeping TPMS in the long run. This challenge could slow the continued adoption of TPMS, particularly in markets where vehicles are used for extended periods.
Tire pressure monitoring systems can extend the lifespan and durability of tires by reducing wear and tear. This trend will create more tire pressure monitoring system market opportunities as more customers seek to replace or upgrade their existing tire pressure monitoring systems. A report from AAA indicates that proper tire pressure management through Tire Pressure Monitoring Systems (TPMS) can significantly increase tire life span. Underinflated tires often experience uneven wear and are at a higher risk of punctures. By preventing underinflation, TPMS is essential for extending tire life and improving vehicle safety. Additionally, research has demonstrated that vehicles equipped with TPMS exhibit superior tire performance, leading to fewer tire replacements and ultimately saving money for vehicle owners over time.
The expansion of the automotive sector and growing vehicle ownership due to increased reliance on mobility solutions for commuting coupled with rising disposable incomes are resulting in system market expansion. Additionally, the integration of TPMS with smartphones and other smart devices is creating new opportunities for the market players.
“Global Tire Pressure Monitoring System Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Based on type, the market is divided into:
On the basis of vehicle type, the market is classified into:
Based on sales channel, the market is categorised into:
Based on region, the market is divided into:
Market Insights by Type
Direct TPMS are expected to grow at a CAGR of 10.5% in the forecast period. It uses pressure sensors in each tire to measure the air pressure and transmit the data to a central control unit. The indirect TPMS compares the rotational speed of the tires to determine the tire pressure using the wheel speed sensors of anti-lock braking system. According to tire pressure monitoring system industry analysis, the direct TPMS segment accounts for a larger tire pressure monitoring system market share due to its higher accuracy, reliability, and compatibility with various vehicle models.
Direct TPMS have sensors in each wheel which allows them to provide instant and more accurate warnings as compared to indirect TPMS. Their ability to detect temperature changes, individual tire conditions, and slow leaks is also boosting the demand for tire pressure monitoring systems. The indirect TPMS segment, however, is expected to witness growth during the forecast period due to its lower cost, easy installation, and reduced maintenance requirements.
Market Insights by Vehicle Type
The passenger cars segment dominated the global tire pressure monitoring system (TPMS) market share and is expected to grow at a CAGR of 10.7% between 2024 to 2032. This segment is expected to maintain its leading position throughout the forecast period, as more countries are mandating the installation of TPMS in passenger cars to enhance road safety and reduce greenhouse gas emissions. Some of the key factors driving the demand for TPMS in passenger cars are the rising consumer awareness, the increasing disposable income, and the growing preference for luxury and smart vehicles.
The commercial vehicles segment, on the other hand, is expected to register a promising CAGR in the TPMS market. The segment’s growth can be attributed to the benefits of TPMS in improving the fuel efficiency, performance, and lifespan of commercial vehicles, such as trucks, buses, and trailers. TPMS can also help prevent tire blowouts, rollovers, and skidding, which are common causes of accidents and fatalities involving commercial vehicles. Moreover, the rising demand for commercial vehicles in emerging markets, such as China, India, and Brazil, is expected to boost the adoption of TPMS in this segment.
Market Insights by Sales Channel
OEM TPMS solutions are tailored for specific vehicle models, ensuring seamless integration with the vehicle's onboard systems. This often includes the vehicle's dashboard, enabling drivers to receive real-time tire pressure alerts. As per the tire pressure monitoring system market dynamics and trends, OEM-installed TPMS adheres to regulatory standards in regions with strict safety requirements, such as the United States, the European Union, and certain parts of Asia. The growing demand for OEM TPMS is primarily driven by stricter safety regulations that require TPMS in new vehicles. Furthermore, automakers are adding advanced features like real-time monitoring and compatibility with advanced driver assistance systems (ADAS), enhancing both safety and the overall user experience.
North America Tire Pressure Monitoring System Market Drivers
North America is one of the leading regions due to the presence of leading market players. The government's strict regulations aimed at ensuring vehicle safety and reducing fuel consumption are expected to drive significant growth in the tire pressure monitoring system industry in North America. The USA market is expected to depict a CAGR of 8.4% in the forecast period. According to the National Highway Traffic Safety Administration (NHTSA), TPMS became mandatory for all passenger vehicles sold in the USA since 2008. The adoption of TPMS in the region is also being fuelled by the rising demand for connected car technologies and advanced driver assistance systems (ADAS).
Asia Pacific Tire Pressure Monitoring System Market Trends
The Asia Pacific is anticipated to grow at a CAGR of 10.8% over the forecast period due to the rising vehicle production and sales in emerging economies such as Japan, China, India, and South Korea. India and China are expected to grow at a CAGR of 12.4% and 10.4% respectively between 2024 and 2032, boosting the tire pressure monitoring system demand growth.
| CAGR 2024-2032 - Market by | Country |
| India | 12.4% |
| China | 10.4% |
| UK | 8.6% |
| USA | 8.4% |
| Germany | 7.7% |
| Canada | XX% |
| France | XX% |
| Italy | XX% |
| Japan | 6.5% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
The growing awareness among consumers about the benefits of TPMS, such as improved fuel efficiency, reduced tire wear, and enhanced road safety, is also propelling regional market growth. Moreover, the increasing penetration of smartphones and Internet of Things (IoT) devices are creating opportunities for the development of innovative TPMS solutions that can communicate with drivers through mobile applications, propelling the tire pressure monitoring system market growth.
Europe Tire Pressure Monitoring System Market Growth
The market growth in the region is boosted by the high adoption of TPMS in the region with countries such as the UK and Germany expected to witness CAGRs of 8.6% and 7.7%. The European Union (EU) has mandated the installation of TPMS in all new passenger cars since 2014, which has boosted the tire pressure monitoring system demand in the region. The rising environmental concerns and the need to reduce carbon emissions are also encouraging consumers to opt for TPMS, as it can help in optimising tire pressure and reducing fuel consumption. Furthermore, the rise in research and development activities and the presence of leading players such as Robert Bosch GmbH, Denso Corporation, and Huf Hülsbeck & Fürst GmbH & Co. KG are increasing the tire pressure monitoring system market size in Europe.
Middle East and Africa Tire Pressure Monitoring System Market Outlook
The market in the Middle East and Africa (MEA) is experiencing steady growth, driven by several factors including rising vehicle sales, the introduction of new safety regulations, and increased awareness of vehicle maintenance, which can increase tire pressure monitoring system industry revenue.
In this region, countries like Saudi Arabia and the United Arab Emirates are leading the way, with government policies emphasising the significance of road safety. For instance, Saudi Arabia has prioritised road safety by integrating TPMS to monitor tire conditions, reduce accident risks, and improve fuel efficiency as part of its broader sustainability efforts.
Latin America Tire Pressure Monitoring System Market Drivers
The market growth in Latin America is fuelled by a rise in vehicle manufacturing, enhanced economic conditions, and the establishment of new safety regulations. Brazil and Mexico are leading this demand, as both countries witness advancements in their automotive sectors, fuelling the tire pressure monitoring system market expansion. Brazil has enacted safety regulatory standards that mandate the incorporation of TPMS across different vehicle categories. This initiative aims to address the growing incidence of road accidents linked to tire malfunctions, as TPMS plays a crucial role in maintaining proper tire inflation and providing real-time monitoring.
Several new startups are increasingly focusing on the development of smart tire technology that can provide insights into road conditions and tire performance metrics. For instance, some of these companies are exploring smart tires equipped with sensors that can detect factors like road friction and load, which are crucial for autonomous vehicles. These technological advancements improve driving safety by allowing vehicles to adjust their operations based on tire data and real-time environmental information.
Aperia Technologies
Aperia, located in California, has introduced the Halo Connect i3, a comprehensive tire monitoring and self-inflation system tailored for medium and heavy-duty trucks. This innovative system delivers real-time data on tire health and predictive maintenance insights through advanced machine learning techniques, enabling fleet managers to enhance both uptime and fuel efficiency.
Uptake
This startup based in Chicago in tire pressure monitoring system market has developed a range of tire management solutions that can enhance fuel efficiency by as much as 5% while facilitating the early detection of tire leaks. Uptake’s software is designed to monitor fluctuations in tire pressure and identify sensor irregularities, thereby assisting fleets in preserving tire integrity and preventing expensive breakdowns. Their predictive analytics platform is specifically engineered to identify potential issues at an early stage, providing actionable insights that significantly mitigate the risk of tire-related failures.
Market players are increasing their production capacities and are engaged in partnerships to cater to the changing consumer demands. The transition to electric mobility is making the Tire Pressure Monitoring System (TPMS) increasingly essential for electric vehicles (EVs), as it plays a vital role in maintaining tire efficiency and safety which are key considerations for battery-powered vehicles. Several companies now incorporate TPMS as a standard feature, offering real-time tire pressure information that contributes to enhanced safety and operational efficiency. This trend is anticipated to expand as additional automotive manufacturers adopt TPMS within their EV platforms, thereby generating significant market opportunities.
Founded in 1949 and based in Kariya, Japan, the company is known for its range of automotive components and systems, industrial products, and consumer products, among others.
Founded in 1886 and based in Gerlingen, Germany, the company is known for its automotive parts and equipment, ...
Founded in 1899 and based in Lippstadt, Germany, this company is known for its automotive lighting, electronic...
Founded in 1871 and based in Hanover, Germany, the company is known for its tires, brake systems, powertrain a...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other tire pressure monitoring system market companies are ZF Friedrichshafen AG, Pacific Industrial Co., Ltd., Sensata Technologies, Inc., Huf Hülsbeck & Fürst GmbH & Co. KG, and ATEQ Corp., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the market reached an approximate value of USD 7.01 Billion.
The tire pressure monitoring system market is assessed to grow at a CAGR of 9.40% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 15.74 Billion by 2032.
Dramatic changes in weather, driving, and tire age can affect tire pressure. Sudden cold can cause low pressure readings as the air inside the tire contracts. Hot weather temperatures can cause tire pressure to rise as the air inside the tire expands.
The batteries that power TPMS sensors have a lifespan of five to ten years, where the amount of driving and the road conditions affects the sensor battery life.
Direct TPMS uses sensors within each tire to monitor pressure and temperature. It is more accurate and provides real-time information. Indirect TPMS measures wheel rotation to estimate tire pressure.
The major market drivers include expansion of the automotive sector and increased emphasis on road safety.
Key trends aiding market expansion include rising incorporation of advanced driver assistance systems in luxury vehicles and provision of enhanced driving experience by tire pressure monitoring systems.
Major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
OEM and aftermarket are the main sales channels for TPMS.
Key players in the market are DENSO Corporation, Robert Bosch GmbH, Hella KGaA Hueck and Co., Continental AG, ZF Friedrichshafen AG, Pacific Industrial Co., Ltd., Sensata Technologies, Inc., Huf Hülsbeck & Fürst GmbH & Co. KG, and ATEQ Corp., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Vehicle Type |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share