Global Automotive TPMS Market Poised for 12.9% CAGR Growth Through 2031 | Continental AG, Denso Corporation, Pacific Industrial Co., Ltd., Schrader Electronics

Global Automotive TPMS market reached USD 5.9 billion in 2022 and is expected to reach USD 9.1 billion by 2030, growing with a CAGR of 12.9% during the forecast period 2024-2031

Automotive TPMS Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Automotive Tire Pressure Monitoring Systems (TPMS) are safety features that monitor tire pressure in real time, alerting drivers to underinflation or overinflation. They help improve fuel efficiency, tire lifespan, and road safety by preventing blowouts and maintaining optimal tire performance.

List of the Key Players in the Automotive TPMS Market:

Continental AG, Denso Corporation, Pacific Industrial Co., Ltd., Schrader Electronics, Alligator Ventilfabrik GmbH, PressurePro, Alps Electric Co., Ltd., Bendix Commercial Vehicle Systems LLC, Doran Manufacturing LLC and Takata Corporation.

Industry Development:

On April 24, 2023, Continental began producing Tire Pressure Monitoring Systems (TPMS) for passenger cars at its Bangalore plant, aiming to be the first Tier 1 TPMS manufacturer.

On June 29, 2022, Sensata Technologies developed BLETPMS, a Bluetooth-controlled TPMS, to strengthen its presence in the evolving smart tire market.

On February 2, 2021, Wheely-Safe introduced open-platform systems integrating advanced TPMS, brake temperature sensing, and wheel loss detection technologies.

Growth Forecast Projected:

The Global Automotive TPMS Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Automotive TPMS Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Automotive TPMS Market:

By Product Type: Direct TPMS, Indirect TPMS

BY Vehical Type: Passenger vehicle, Commercial vehicle, Heavy duty vehicle

By Sales Channel: OEM, Aftermarket

Regional Analysis for Automotive TPMS Market:

The regional analysis of the Automotive TPMS Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Automotive TPMS market?

➠ Who are the leading manufacturers in the global Automotive TPMS industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Automotive TPMS industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Automotive TPMS market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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