Global Tire Pressure Monitoring System (TPMS) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Technology;
Direct TPMS and Indirect TPMS.By Vehicle Type;
Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle.By Application;
OEM and Aftermarket.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Tire Pressure Monitoring System (TPMS) Market (USD Million), 2021 - 2031
In the year 2024, the Global Tire Pressure Monitoring System (TPMS) Market was valued at USD 7,619.42 million. The size of this market is expected to increase to USD 15,133.89 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.3%.
The Global Tire Pressure Monitoring System (TPMS) has emerged as a critical technology in the automotive industry, playing a pivotal role in enhancing vehicle safety, efficiency, and performance. TPMS is designed to monitor and alert drivers to changes in tire pressure, ensuring optimal tire inflation levels and reducing the risk of tire-related accidents such as blowouts and tread wear. This technology has become increasingly indispensable as vehicles worldwide adopt stricter safety standards and regulations aimed at improving road safety and reducing environmental impact.
TPMS operates through sensors installed in each tire or within the valve stem, continuously monitoring tire pressure and transmitting real-time data to the vehicle's onboard computer system. The system alerts drivers through dashboard indicators or audible alarms when tire pressure falls below or exceeds recommended levels, prompting timely maintenance and corrective action. By maintaining proper tire pressure, TPMS not only extends tire lifespan but also contributes to fuel efficiency and reduces carbon emissions, making it a significant component in the pursuit of sustainable transportation solutions.
The market for TPMS is driven by regulatory mandates mandating its installation in new vehicles across regions such as North America, Europe, and Asia-Pacific. Additionally, increasing consumer awareness about the benefits of TPMS in improving vehicle safety and operational efficiency further fuels market growth. The evolving landscape of automotive technology, including advancements in sensor capabilities and integration with vehicle telematics systems, continues to shape the TPMS market, fostering innovation and expanding its applications across passenger cars, commercial vehicles, and off-road vehicles globally.
Global Tire Pressure Monitoring System (TPMS) Market Recent Developments
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In June 2023, The Goodyear Tyre & Rubber Company unveiled racing tyres with the real-time intelligence capability to record tyre pressure and temperature, which will be featured on the Le Mans racing championship on 10th June.
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In June 2022, Samsara's Inc has collaborated with General Motors for optimizing cloud-based fleet management. Samsara's platform is installed on the vehicle dashboard which will provide vehicle insight such as fleet vehicle location, fuel usage and levels, speed as well as tire pressure along with additional operations data on the platforms.
Segment Analysis
The Global Tire Pressure Monitoring System (TPMS) Market has been segmented by Technology, Vehicle Type, Application and Geography, providing insights into the key drivers and trends shaping the industry. By technology, the TPMS market is divided into direct TPMS and indirect TPMS. Direct TPMS involves the installation of sensors within the tire to monitor the tire's air pressure in real time, providing accurate and immediate data on tire pressure levels. This technology is widely used in modern vehicles due to its ability to provide precise measurements and alerts in case of tire underinflation, which can enhance safety and fuel efficiency. Indirect TPMS, on the other hand, does not rely on sensors within the tires but instead monitors the rotational speed of the tires using the vehicle’s ABS system. While indirect TPMS is typically less expensive than direct TPMS, it may not offer the same level of accuracy and is often used in older or more cost-sensitive vehicle models.
In terms of vehicle type, the TPMS market is segmented into passenger vehicles, commercial vehicles, and electric vehicles. Passenger vehicles account for the largest share of the TPMS market, driven by the increasing adoption of safety and fuel efficiency features in modern cars. The demand for TPMS in passenger vehicles is further boosted by regulatory requirements in many regions that mandate the installation of these systems in new vehicles. Commercial vehicles, including trucks and buses, are also significant consumers of TPMS, as tire health directly affects the safety, operational efficiency, and maintenance costs of fleets. The commercial vehicle segment is particularly focused on improving tire management systems to reduce fuel consumption, prevent tire failures, and lower maintenance costs. The rise of electric vehicles (EVs) has also led to an increasing demand for TPMS, as EV manufacturers seek to incorporate advanced safety technologies that optimize energy use and ensure tire longevity.
Geographically, the global TPMS market is segmented into North America, Europe, Asia Pacific, and other regions. North America holds a substantial share of the market, primarily driven by regulatory mandates, such as the U.S. National Highway Traffic Safety Administration (NHTSA) requirement for TPMS in all new vehicles. The widespread adoption of TPMS in North America is further fueled by a focus on road safety, fuel efficiency, and cost-saving measures for fleet operators. Europe also represents a significant market for TPMS, with stringent safety regulations and a growing emphasis on the integration of advanced technologies in vehicles. The increasing adoption of electric vehicles in Europe has contributed to the demand for TPMS systems with additional functionalities such as energy optimization and real-time monitoring. In Asia Pacific, countries like China and India are witnessing rapid growth in vehicle production and sales, leading to a rising demand for TPMS in both passenger and commercial vehicles. As regulations tighten globally and vehicle manufacturers prioritize safety and fuel efficiency, the TPMS market is expected to experience steady growth across all major regions, with emerging markets providing additional opportunities for expansion.
Global Tire Pressure Monitoring System (TPMS) Segment Analysis
In this report, the Global Tire Pressure Monitoring System (TPMS) Market has been segmented by Technology, Vehicle Type, Application and Geography.
Global Tire Pressure Monitoring System (TPMS) Market, Segmentation by Technology
The Global Tire Pressure Monitoring System (TPMS) Market has been segmented by Technology into Direct TPMS and Indirect TPMS.
The Global Tire Pressure Monitoring System (TPMS) Market is segmented by technology, reflecting the diverse approaches and capabilities employed in monitoring and managing tire pressure across various vehicle types. One primary segmentation criterion is based on the type of TPMS technology deployed: direct TPMS and indirect TPMS. Direct TPMS uses sensors mounted on each tire's valve stem or inside the tire to directly measure air pressure and transmit real-time data to the vehicle's onboard system. This technology offers precise monitoring and immediate alerts to drivers, ensuring prompt action to maintain optimal tire pressure and enhance vehicle safety.
In contrast, indirect TPMS relies on existing vehicle systems, such as the anti-lock braking system (ABS) or wheel speed sensors, to infer tire pressure changes based on wheel rotation speeds. While indirect TPMS is typically less expensive to implement compared to direct TPMS, it may provide less precise measurements and delayed alerts. The segmentation by technology enables stakeholders to assess the trade-offs between cost, accuracy, and performance requirements across different vehicle segments and regulatory environments.
Advancements in TPMS technology are driving segmentation by sensor type, including pressure-based sensors and temperature-based sensors. Pressure-based sensors focus on monitoring air pressure within the tire, detecting deviations that could affect vehicle performance and safety. Temperature-based sensors complement pressure sensors by monitoring tire temperature, which can influence tire pressure and performance, especially during extended driving periods or in varying weather conditions. These technological advancements in sensor capabilities enhance the accuracy and reliability of TPMS systems, catering to the evolving demands of automotive manufacturers and consumers for efficient and reliable tire pressure monitoring solutions.
Global Tire Pressure Monitoring System (TPMS) Market, Segmentation by Vehicle Type
The Global Tire Pressure Monitoring System (TPMS) Market has been segmented by Vehicle Type into Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle.
The Global Tire Pressure Monitoring System (TPMS) Market is segmented by vehicle type, encompassing various categories of automobiles and commercial vehicles that benefit from tire pressure monitoring solutions. One significant segmentation criterion is passenger vehicles, which include sedans, hatchbacks, SUVs, and crossovers. These vehicles represent a substantial portion of the TPMS market, driven by consumer demand for safety features and regulatory requirements mandating TPMS installation in new passenger vehicles. TPMS in passenger vehicles enhances driver awareness of tire pressure issues, promoting fuel efficiency, tire longevity, and overall vehicle safety.
Another key segment is commercial vehicles, which comprise trucks, buses, and trailers used for transporting goods and passengers. Commercial vehicles operate under rigorous conditions and stringent safety standards, making accurate tire pressure monitoring crucial for operational efficiency and vehicle safety. TPMS in commercial vehicles helps fleet operators optimize maintenance schedules, prevent downtime due to tire-related issues, and comply with regulatory mandates aimed at enhancing road safety and reducing environmental impact through improved fuel economy.
The TPMS market includes specialty vehicles such as off-road vehicles, construction equipment, and agricultural machinery. These vehicles operate in diverse and challenging environments where tire performance directly impacts operational productivity and safety. TPMS tailored for specialty vehicles integrates robust sensor technologies capable of withstanding harsh conditions while providing real-time monitoring of tire pressure and temperature. This segmentation underscores the versatility of TPMS applications across different vehicle types, catering to unique operational requirements and regulatory frameworks globally.
Global Tire Pressure Monitoring System (TPMS) Market, Segmentation by Application
The Global Tire Pressure Monitoring System (TPMS) Market has been segmented by Application into OEM and Aftermarket.
The Global Tire Pressure Monitoring System (TPMS) Market is segmented by application, reflecting the diverse use cases and specialized requirements across various sectors of the automotive and transportation industries. One primary segmentation criterion is based on passenger vehicles, including cars, SUVs, vans, and light trucks. TPMS in passenger vehicles plays a critical role in enhancing driver safety by continuously monitoring tire pressure and alerting drivers to potential issues, such as under-inflation or over-inflation, which can lead to reduced fuel efficiency, tire wear, and safety risks. The adoption of TPMS in passenger vehicles is driven by regulatory mandates in many regions, as well as consumer demand for advanced safety features that improve vehicle performance and longevity.
Another significant application segment is commercial vehicles, encompassing trucks, buses, trailers, and other heavy-duty vehicles used for transportation and logistics. TPMS in commercial vehicles is essential for fleet operators to optimize tire maintenance, reduce operational downtime, and ensure compliance with safety regulations. Effective tire pressure monitoring in commercial vehicles helps minimize the risk of tire blowouts, improves fuel efficiency, and extends tire life, thereby enhancing overall operational efficiency and reducing maintenance costs. This segment underscores the critical role of TPMS in supporting the safe and efficient operation of commercial fleets across various industries globally.
TPMS finds application in specialty vehicles, including off-road vehicles, construction equipment, agricultural machinery, and industrial vehicles. These vehicles operate in rugged environments where tire performance directly impacts productivity, safety, and operational uptime. TPMS tailored for specialty vehicles integrates robust sensor technologies capable of withstanding harsh conditions while providing accurate monitoring of tire pressure and temperature. This segmentation highlights the versatility of TPMS technologies in meeting the unique needs of specialized industries, ensuring optimal tire performance and safety across diverse operational settings globally.
Global Tire Pressure Monitoring System (TPMS) Market, Segmentation by Geography
In this report, the Global Tire Pressure Monitoring System (TPMS) Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Tire Pressure Monitoring System (TPMS) Market Share (%), by Geographical Region, 2024
As of the previous year, the Global Tire Pressure Monitoring System (TPMS) Market exhibits varying market shares across different geographical regions, reflecting regional automotive production trends, regulatory requirements, and consumer adoption rates. North America typically holds a significant share in the TPMS market, driven by stringent safety regulations mandating TPMS installation in new vehicles. The United States and Canada lead in market adoption, supported by a robust automotive manufacturing sector and high consumer awareness of vehicle safety features. The region's emphasis on advanced automotive technologies and safety standards contributes to its dominant position in the global TPMS market.
Following North America, Europe maintains a substantial market share in the TPMS market, characterized by a strong automotive industry in countries such as Germany, France, and the United Kingdom. European regulations mandating TPMS installation in passenger vehicles bolster market growth, while consumer preferences for premium vehicles equipped with advanced safety features further drive adoption. The region's focus on sustainable mobility solutions and technological innovation in automotive manufacturing enhances its role as a key market for TPMS technologies.
In Asia-Pacific, the TPMS market is experiencing rapid growth, driven by expanding automotive production and increasing vehicle safety regulations across countries like China, Japan, and India. Rising disposable incomes, urbanization, and the adoption of advanced automotive technologies contribute to growing consumer demand for TPMS-equipped vehicles. Moreover, government initiatives promoting road safety and environmental sustainability through stricter vehicle safety standards propel market expansion in the region. Asia-Pacific's dynamic automotive landscape and burgeoning market opportunities position it as a significant growth area for TPMS technologies, driven by both domestic demand and export markets.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Tire Pressure Monitoring System (TPMS) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Regulatory Mandates
- Increasing Vehicle Safety Standards
- Growing Adoption of Electric Vehicles (EVs)
- Demand for Fuel-efficient Vehicles
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Enhanced Driver Awareness and Safety Concerns- Enhanced driver awareness and safety concerns play a pivotal role in driving the growth of the Global Tire Pressure Monitoring System (TPMS) Market. As automotive safety standards continue to evolve globally, there is a heightened emphasis on equipping vehicles with technologies that enhance driver awareness and contribute to overall road safety. TPMS serves as a critical safety feature by continuously monitoring tire pressure and alerting drivers to potential issues, such as under-inflation or over-inflation, which can compromise vehicle handling, increase the risk of tire blowouts, and affect braking performance.
Heightened driver awareness of the importance of tire maintenance and proper inflation levels has been catalyzed by increased media coverage, educational campaigns, and advancements in automotive safety technologies. Drivers are increasingly recognizing the role of TPMS in ensuring optimal tire performance, fuel efficiency, and overall vehicle safety. This growing awareness has led to higher consumer demand for vehicles equipped with TPMS, both in passenger vehicles and commercial fleets, driving market growth. As safety remains a top priority for drivers and regulatory bodies alike, TPMS technology continues to evolve to meet these heightened expectations, further reinforcing its integral role in the global automotive safety landscape.
Restraints
- High Initial Implementation Costs
- Compatibility Issues with Older Vehicle Models
- Sensor Reliability and Accuracy Challenges
- Data Security and Privacy Concerns
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Limited Aftermarket Adoption- Limited aftermarket adoption remains a challenge in the Global Tire Pressure Monitoring System (TPMS) Market, primarily due to several factors impacting retrofitting and aftermarket installations. One significant hurdle is the complexity and cost associated with retrofitting TPMS systems onto older vehicles that were not originally equipped with this technology. Retrofitting often requires specialized equipment, expertise, and modifications to the vehicle's existing systems, which can be costly and technically challenging for aftermarket service providers and vehicle owners alike.
Aftermarket adoption is hindered by varying regulatory requirements across different regions. While many countries mandate TPMS installation in new vehicles, there may be less stringent regulations or incentives for retrofitting older vehicles with TPMS. This disparity in regulatory standards can create uncertainty and inconsistency in aftermarket demand for TPMS solutions. Additionally, consumer awareness and perceived benefits of aftermarket TPMS installations may vary, affecting adoption rates. Without clear incentives or regulatory mandates, aftermarket TPMS adoption remains relatively low compared to original equipment installations in new vehicles.
Addressing these challenges requires collaborative efforts among aftermarket suppliers, automotive manufacturers, and regulatory authorities to streamline retrofitting processes, reduce costs, and increase awareness of the safety and performance benefits associated with TPMS. As consumer demand for vehicle safety technologies continues to rise, particularly in mature automotive markets, there is potential for aftermarket TPMS adoption to grow with improved accessibility, affordability, and education about its advantages in enhancing vehicle safety and operational efficiency.
Opportunities
- Technological Advancements in Sensor Technology
- Integration with Connected Car Platforms
- Expansion into Emerging Markets
- Development of TPMS for Commercial and Off-road Vehicles
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Collaboration with Automotive OEMs and Suppliers- Collaboration with automotive OEMs (Original Equipment Manufacturers) and suppliers plays a pivotal role in driving innovation and market growth within the Global Tire Pressure Monitoring System (TPMS) Market. OEMs are crucial partners in integrating TPMS technologies seamlessly into new vehicle designs, ensuring compliance with safety regulations, and meeting consumer expectations for advanced safety features. Collaborative efforts between TPMS manufacturers and OEMs involve co-development of sensor technologies, integration of TPMS systems into vehicle architectures, and optimization of performance to enhance overall vehicle safety and efficiency.
Collaboration with automotive suppliers is essential for scaling production, ensuring supply chain efficiency, and enhancing technology integration across diverse vehicle platforms. Suppliers provide critical components such as sensors, control units, and software systems that enable TPMS functionality in vehicles. Close partnerships enable TPMS manufacturers to leverage suppliers' expertise in component manufacturing, quality assurance, and logistics, thereby accelerating time-to-market and supporting global deployment strategies.
As automotive safety standards continue to evolve and consumer demand for advanced safety technologies grows, collaboration between TPMS manufacturers, OEMs, and suppliers becomes increasingly strategic. These partnerships foster innovation, enhance product reliability, and drive market competitiveness in the dynamic landscape of the global automotive industry, positioning TPMS technologies as integral components of next-generation vehicle safety systems.
Competitive Landscape Analysis
Key players in Global Tire Pressure Monitoring System (TPMS) Market include,
- Sensata Technologies
- Continental AG
- Schrader International (Sensata subsidiary)
- Pacific Industrial Co., Ltd.
- Denso Corporation
- ZF Friedrichshafen AG
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Technology
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Tire Pressure Monitoring System (TPMS) Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Regulatory Mandates
- Increasing Vehicle Safety Standards
- Growing Adoption of Electric Vehicles (EVs)
- Demand for Fuel-efficient Vehicles
- Enhanced Driver Awareness and Safety Concerns
- Restraints
- High Initial Implementation Costs
- Compatibility Issues with Older Vehicle Models
- Sensor Reliability and Accuracy Challenges
- Data Security and Privacy Concerns
- Limited Aftermarket Adoption
- Opportunities
- Technological Advancements in Sensor Technology
- Integration with Connected Car Platforms
- Expansion into Emerging Markets
- Development of TPMS for Commercial and Off-road Vehicles
- Collaboration with Automotive OEMs and Suppliers
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Tire Pressure Monitoring System (TPMS) Market, By Technology, 2021 - 2031 (USD Million)
- Direct TPMS
- Indirect TPMS
- Global Tire Pressure Monitoring System (TPMS) Market, By Vehicle Type, 2021 - 2031 (USD Million)
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Global Tire Pressure Monitoring System (TPMS) Market, By Application, 2021 - 2031 (USD Million)
- OEM
- Aftermarket
- Global Tire Pressure Monitoring System (TPMS) Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Tire Pressure Monitoring System (TPMS) Market, By Technology, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Sensata Technologies
- Continental AG
- Schrader International (Sensata subsidiary)
- Pacific Industrial Co., Ltd.
- Denso Corporation
- ZF Friedrichshafen AG
- Company Profiles
- Analyst Views
- Future Outlook of the Market