US Tire Pressure Management projected to reach $6 billion by 2028: Ken Research

Personal & commercial vehicles in United States are expected to be more fuel-efficient in the upcoming years & the tire pressure management system (TPMS) will play a key role in the market's growth.

In the landscape of automotive progress in United States, advancements have reshaped safety and efficiency like Tire Pressure Management Systems (TPMS). From advanced technologies that enhance accuracy and reliability to the relationship between TPMS and fuel efficiency, even taking the incentives for adopting the same, the evolution of TPMS stands as a testament to innovation's power in ensuring safer and more efficient journeys on the road.

Story Outline

Mandating the use of Tire Pressure Management Systems (TPMS) in 2007 through Federal Motor Vehicle Safety Standards 138 in United States, demonstrated the nation's commitment to preventing under-inflated tires and the associated safety risks.
Advanced TPMS technologies have emerged, such as Infineon's SP 40+ tire pressure sensors and Tech USA's U-Pro Hybrid 2.0 TPMS sensor showcase the industry's commitment to refining and cost-effective solutions.
Increase in vehicle ownership and motor parts production has fueled the demand for TPMS. With new fuel economy standards in place, requiring continuous improvement in vehicle efficiency, TPMS systems play a pivotal role in achieving fuel economy targets by ensuring proper tire inflation.
According to Ken Research, the US Automotive Tire Pressure Management System market is expected to reach $6 billion, by 2028 owning to government policies ensuring the TPMS system is installed in every personal & commercial vehicle.

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1. How TPMS Revolutionized Vehicle Performance

Proper tire pressure is crucial for ensuring a vehicle's safety, efficiency, tire longevity & overall performance. United States was one of the first countries who recognized this. Therefore, in 2007, it became one of the first countries which mandated the use of tire pressure management systems (TPMSs) through the Federal Motor Vehicle Safety Standards 138, in 2007. This standard specified performance requirements for tire pressure monitoring systems (TPMSs) to warn drivers of under-inflation of tires and the safety problems which can occur due to lack of it.

2. Revolutionizing Tire Pressure: Advanced TPMS Technologies for Safer, Smoother Rides

Various forms of direct TPMS & indirect TPMS technologies have emerged in the US which have led to improved accuracy, reliability & increased user-friendliness. Companies like Infineon are developing SP 40+ tire pressure sensors for tire pressure management, which alerts the driver whenever there is under-inflation in the tires, which might lead to inefficient driving conditions.

Tech USA is another leading company which offers tire pressure management solutions to individuals & organizations. Their TPMS solution involves U-Pro Hybrid 2.0 is the first Dual Frequency, Configurable & Programmable TPMS sensor. Consumers are more likely to adopt technologies which are more refined and cost-effective.

According to Ken Research, the US Automotive Tire Pressure Management System market is expected to reach $6 billion, by 2028 because of government policies ensuring the TPMS system is installed in every personal & commercial vehicle.

3. Driving Safety Surge: TPMS Demands Accelerates with Rising Vehicle Ownership

A thriving industry can easily explain high amounts of adoption of TPMS. Till March, 2023 75% of the US population is reported to have access to their own cars, with an additional 20 percent having access to a company or a family car, and US motor & vehicle parts production shot up by 7.8% in April, 2023.

In this scenario of increased motor parts production & increasing vehicle ownership, there is high chances of increase in demand for safety features like TPMS is likely to follow suit.

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4. Rolling Towards Efficiency: TPMS Paving the Way for Fuel Economy

Proper tire pressure is a crucial component of maintaining fuel efficiency. The federal highway regulators in the United States have announced new fuel economy standards which will require cars to improve their fuel economy by 2% and light trucks by 4% each year, till 2032. With a growing emphasis on fuel economy, TPMS systems can play a role in achieving fuel efficiency by ensuring that the tires are properly inflated.

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5. Rev Up Savings: Get a Tire-ly Good Deal with TPMS Equipped Cars

In the United States, if you have purchased a car or any light duty vehicle under 10,000 lbs (4536 kg), manufactured after 1 September, 2007, the car is likely to have TPMS system installed within it. Few insurance companies, such as Progressive Insurance in the United States offer discounts when a vehicle is equipped with advanced features like TPMS. This can play a role in incentivizing consumers who choose to equip their vehicles with these systems.

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Conclusion

The evolution of Tire Pressure Management Systems (TPMS) has significantly transformed vehicle performance and safety. Direct & indirect TPMS technologies has not only improved accuracy and reliability but also enhanced user-friendliness. As vehicle ownership rises and industries flourish, the demand for TPMS is set to increase further, driven by its critical role in ensuring safe driving conditions and optimizing fuel efficiency. With incentives from insurance companies and upcoming fuel economy standards, TPMS stands as a vital component in the journey towards safer, more efficient, and environmentally conscious driving experiences.

Ken Research Pvt. Ltd.,
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Based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

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