Tire Pressure Monitoring System Market Anticipated to Reach USD 20.5 Bn by 2030, with a CAGR of 10.4% from 2024 to 2030

The Tire Pressure Monitoring System Market size was valued at USD 7.8 Billion in 2023 and the total Tire Pressure Monitoring System revenue is expected to grow at a CAGR of 10.4% from 2024 to 2030, reaching nearly USD 20.5 Billion by 2030.

Tire Pressure Monitoring System Market Overview:

The Tire Pressure Monitoring System (TPMS) Market is rapidly expanding, driven by increasing emphasis on vehicle safety, fuel efficiency, and smart automotive technologies. TPMS is a vital component in modern vehicles, alerting drivers to under-inflated tires that could lead to accidents, poor fuel economy, and tire wear. With regulatory bodies mandating TPMS installations in new vehicles, especially in Europe, the US, and Asia-Pacific, manufacturers are integrating both direct and indirect TPMS solutions to meet diverse market requirements and enhance road safety standards globally.

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Tire Pressure Monitoring System Market Dynamics

The primary drivers of the TPMS Market include stringent government regulations, rising adoption of advanced driver assistance systems (ADAS), and growing consumer awareness about tire maintenance and road safety. Technological advancements such as real-time data analytics, wireless communication modules, and integration with infotainment systems are pushing innovation in this space. However, challenges like high sensor costs, complex calibration, and battery life limitations in direct TPMS can hinder market growth. Despite these, the push toward connected, autonomous vehicles and increasing OEM investments are expected to drive significant adoption.

Tire Pressure Monitoring System Market Outlook and Future Trends :

The future of the TPMS Market lies in IoT-enabled smart tire solutions, predictive maintenance analytics, and cloud-connected monitoring systems. With the rise of electric vehicles (EVs) and smart mobility ecosystems, TPMS will evolve into a key component for real-time vehicle health monitoring. Integration with telematics platforms and fleet management systems is expected to create lucrative opportunities across commercial and logistics sectors. Additionally, growing emphasis on sustainability and efficiency will see TPMS supporting carbon reduction goals by optimizing tire usage and fuel consumption.

Key Recent Developments

Vietnam & Thailand: These nations are witnessing increased adoption of TPMS in commercial fleets and passenger vehicles, driven by growing road safety campaigns and collaborations with international automotive tech suppliers.

Japan & South Korea: Both countries are pushing for TPMS compliance in new vehicle models, with Japanese automakers developing next-gen sensor-based monitoring systems, and South Korean firms investing in smart tire technologies for EVs.

Singapore: As part of its smart mobility initiatives, Singapore is piloting TPMS integrations in public transport fleets and logistics vehicles, supporting government-backed road safety enhancements.

United States: Under NHTSA regulations, TPMS installation is mandatory for new vehicles. The U.S. market has seen multiple M&A deals between sensor tech firms and auto OEMs, focusing on wireless and Bluetooth-enabled TPMS platforms.

Europe: The European Union has reinforced TPMS mandates, especially in passenger cars and commercial vehicles. Several cross-border partnerships and acquisitions have emerged, aimed at developing AI-powered TPMS systems for predictive safety alerts and fleet optimization.

Tire Pressure Monitoring System Market Segmentation

by Vehicle

Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Passenger Vehicle

by Technology

Direct TPMS
Indirect TPMS

by Sales Channel

OEMs
Aftermarket

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Some of the current players in the Tire Pressure Monitoring System Market are:

1. Bartec USA LLC
2. Bendix Commercial Vehicles Systems LLC
3. Delphi Automotive LLP
4. General Electric
5. Alligator Gmbh
6. Continental AG
7. DUNLOP TECH GmbH
8. Huf Hulsbeck & Furst GmbH & Co. KG
9. NIRA Dynamics AB
10. Pacific Industrial

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