Press release
Technological Advancements Elevate The Automotive Tire Pressure Monitoring Systems Market Industry Trends Gaining Momentum in the Global Automotive Tire Pressure Monitoring System Market
Automotive Tire Pressure Monitoring System Market
Automotive Tire Pressure Monitoring System Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over recent years, the market size for the automotive tire pressure monitoring system has seen substantial growth. Its progression from $9.59 billion in 2024 to $11.06 billion in 2025, with a 15.3% compound annual growth rate (CAGR), illustrates this. Factors contributing to the growth experienced in the previous period include surges in automotive production and sales, the growth of the automotive aftermarket, heightened safety and security demands, as well as globalization and international trade.
Automotive Tire Pressure Monitoring System Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for a swift expansion of the automotive tire pressure monitoring system market in the coming years. With a compound annual growth rate of 15.3%, the market size is projected to reach $19.56 billion by 2029. Various factors such as the electrification of vehicles, advancement in autonomous vehicle technology, rigorous government regulations, the expansion of the connected car ecosystem, and increasing disposable income are seen as major contributors to this projected growth. Key industry trends to look out for in the forecast period include the use of advanced sensor technology, connected TPMS, predictive maintenance, smartphone integration, data analytics, and AI.
View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-tire-pressure-monitoring-system-global-market-report
What Are the Drivers Transforming the Automotive Tire Pressure Monitoring System Market?
The surge in accident rates is anticipated to fuel the expansion of the automotive tire pressure monitoring systems market in the forthcoming years. These accidents, characterized by their sudden, undesirable nature often leading to injuries or loss of life, have resulted in road fatalities, compelling authorities to enforce the use of tire pressure monitoring systems in vehicles. This in turn has spurred the manufacturing of automotive tire pressure monitoring systems. To illustrate, data from the National Safety Council, a non-profit public service organisation in the US, reported in July 2024 that there were around 3,820 motor vehicle deaths in June 2024, a slight rise from the 3,780 deaths in June 2023. Thus, the increasing accident rates and related road fatalities are propelling the automotive tire pressure monitoring systems market's growth.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5829&type=smp
What Long-Term Trends Will Define the Future of the Automotive Tire Pressure Monitoring System Market?
In the automotive tire pressure monitoring systems market, key trends are emerging from technological advancements. Major players in the automotive TPMS segment are investing in research and novel product innovation, integrating cutting-edge technologies for market expansion. For example, Sensata Technologies, an American firm known for its sensing, electrical protection, control, and power management solutions, developed the Intelligent Tire Pressure Monitoring System (TPMS) in June 2022. This system uses Bluetooth low energy wireless technology instead of traditional ultra-high frequency (UHF) radio for superior vehicle safety and functionality, enabling two-way communication. The system is Over-the-Air update compatible, allowing drivers to receive updates without visiting a service centre and provides enhanced cybersecurity protections.
Which Segments in the Automotive Tire Pressure Monitoring System Market Offer the Most Profit Potential?
The automotive tire pressure monitoring system market covered in this report is segmented -
1) By Type: Direct TPMS, Indirect TPMS
2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
3) By Sales Channel Type: OEM, After market
Subsegments:
1) By Direct TPMS: Battery-Powered Direct TPMS, Solar-Powered Direct TPMS, Multi-Channel Direct TPMS
2) By Indirect TPMS: ABS-Based Indirect TPMS, Wheel Speed Sensor-Based Indirect TPMS
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=5829&type=smp
Which Firms Dominate the Automotive Tire Pressure Monitoring System Market by Market Share and Revenue in 2025?
Major companies operating in the automotive tire pressure monitoring system market include Continental AG, Sensata Technologies Holding plc, Denso Corporation, Pacific Industrial Co. Ltd., NXP Semiconductors N.V., Huf Hülsbeck & Fürst GmbH & Co. KG, Nira Dynamics AB, Hamaton Automotive Technology Co. Ltd., ATEQ TPMS, Alligator Ventilfabrik GmbH, ALPS ALPINE CO. LTD, Doran Manufacturing, Bartec USA LLC, Dill Air Controls Products, ZF Friedrichshafen AG, DUNLOP TECH GmbH, Schrader International Inc., WABCO Holdings Inc., ACDelco a General Motors Company, TRW Automotive Inc., Bridgestone Corporation, BorgWarner Inc., HELLA GmbH & Co. KGaA, Lear Corporation, Omron Corporation, Visteon Corporation, Transense Technologies PLC, Xensor Corporation, CUB Elecparts Inc., Sate Auto Electronic Co. Ltd., Shanghai Baolong Automotive Corporation, Paceline Electronics Inc.
Which Regions Offer the Highest Growth Potential in the Automotive Tire Pressure Monitoring System Market?
North America was the largest region in the automotive tire pressure monitoring system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive tire pressure monitoring system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5829
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Technological Advancements Elevate The Automotive Tire Pressure Monitoring Systems Market Industry Trends Gaining Momentum in the Global Automotive Tire Pressure Monitoring System Market here
News-ID: 4074861 • Views: …
More Releases from The Business Research Company
Unlocking Opportunities in the Tumor Models Market: 2025-2034 Forecast Report
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Tumor Models Industry Market Size Be by 2025?
In recent years, there has been a swift expansion in the size of the tumor model market. It is predicted to increase from $1.92 billion in 2024 to $2.13 billion in 2025, reflecting a compound annual growth rate…
Transformative Trends Impacting the Temporary Mechanical Circulatory Support Dev …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Temporary Mechanical Circulatory Support Device Market Size By 2025?
Over the past few years, we've noticed significant growth in the temporary mechanical circulatory support device market. The market size is set to increase from $2.43 billion in 2024 to $2.66 billion in 2025, exhibiting a…
Increasing Prevalence Of Infectious Diseases Fueling The Growth Of The Market Du …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Syndromic Multiplex Diagnostics Market Size Growth Forecast: What to Expect by 2025?
The market size of syndromic multiplex diagnostics has witnessed a swift escalation lately. Projected to grow from a significant $3.11 billion in 2024 to an admirable $3.43 billion in 2025, this market will advance at a compound…
Smart Wearable Snore Detector Market Expansion Continues, with Forecast Valuatio …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Smart Wearable Snore Detector Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for smart wearable snore detectors has seen accelerated expansion in the past few years. The size of this market is forecasted to expand from $0.82 billion in 2024 to $0.93 billion…
More Releases for Auto
Auto Leads: Revolutionizing Lead Generation for Auto Detailers
Auto Leads, a digital marketing company specializing in helping auto detailers grow their businesses, has quickly become a leader in lead generation for the industry. Founded by Austin Kennedy, a former auto detailer with three years of hands-on experience, Auto Leads offers a solution to help detailers attract high-quality customers, particularly for premium services like Ceramic Coating.
What Auto Leads Is
Auto Leads focuses on digital marketing solutions for auto detailing businesses,…
Winter Park Auto Repair: Cech Auto Unveils Auto Repair Financing, Expert Service …
Image: https://www.getnews.info/wp-content/uploads/2024/10/1730165920.png
Cech Auto announces the launch of flexible auto repair financing, offering Winter Park customers accessible payment solutions for essential vehicle maintenance and repairs.
A leading Winter Park auto repair [https://www.cechauto.com/] shop, Cech Auto unveils its new auto repair financing option, providing customers with flexible payment solutions for all repair services. With competitive financing plans available, Cech Auto makes essential vehicle maintenance and repairs more accessible, ensuring that customers can address…
Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide
Newsdesk, March 22, 2024 - Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide Employing state-of-the-art tools and technology, the company ensures a seamless, hassle-free experience for clients.
Auto Locksmith America, a prominent auto locksmith company headquartered in Mississippi, unveils its latest suite of services and enticing offers tailored to cater to a spectrum of auto locksmith needs. With nearly 14 years of steadfast service, the company stands as a beacon of…
Auto Chess Game Market | Auto Chess, Dota Auto Chess, Hearthstone, Honor Of King …
The global auto chess game market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the auto chess game market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
E-Commerce Automotive Aftermarket | (Flipkart, eBay, Auto Zone, Advance Auto Par …
The growing emergence of creative business models is one of the pivotal factors propelling e-commerce automotive aftermarket industry share. At present, the store, brokerage, and social commerce models have been intensely contributing toward the growth of online commerce. Taking into account the growing popularity of electronic commerce across the automotive sector, many giants in e-commerce automotive aftermarket have been making heavy investments to enhance their storage capacity by developing new…
Auto Driveaway Provides Reliable and Safe Auto Shipping Services
FOR IMMEDIATE RELEASE
Philadelphia, PA: Recently, Auto Driveaway has been awarded for being one of the most reliable and secure auto shipping companies in the country by renowned entities. The company has more than 40 offices across the country that helps to track and update every detail about the consignment. Every delivery is managed professionally resulting in scheduled delivery without providing any damage, dent or issues to the vehicle.
The company provides…
