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).
Report ID: Rn840457119 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Tire Pressure Monitoring System (TPMS) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Regulatory Mandates
        2. Increasing Vehicle Safety Standards
        3. Growing Adoption of Electric Vehicles (EVs)
        4. Demand for Fuel-efficient Vehicles
        5. Enhanced Driver Awareness and Safety Concerns
      2. Restraints
        1. High Initial Implementation Costs
        2. Compatibility Issues with Older Vehicle Models
        3. Sensor Reliability and Accuracy Challenges
        4. Data Security and Privacy Concerns
        5. Limited Aftermarket Adoption
      3. Opportunities
        1. Technological Advancements in Sensor Technology
        2. Integration with Connected Car Platforms
        3. Expansion into Emerging Markets
        4. Development of TPMS for Commercial and Off-road Vehicles
        5. Collaboration with Automotive OEMs and Suppliers
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Tire Pressure Monitoring System (TPMS) Market, By Technology, 2021 - 2031 (USD Million)
      1. Direct TPMS
      2. Indirect TPMS
    2. Global Tire Pressure Monitoring System (TPMS) Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Vehicle
      2. Light Commercial Vehicle
      3. Heavy Commercial Vehicle
    3. Global Tire Pressure Monitoring System (TPMS) Market, By Application, 2021 - 2031 (USD Million)
      1. OEM
      2. Aftermarket
    4. Global Tire Pressure Monitoring System (TPMS) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Sensata Technologies
      2. Continental AG
      3. Schrader International (Sensata subsidiary)
      4. Pacific Industrial Co., Ltd.
      5. Denso Corporation
      6. ZF Friedrichshafen AG
  7. Analyst Views
  8. Future Outlook of the Market