Tire Pressure Monitoring System Market Share Driven by Direct TPMS and Increasing Integration in Passenger Cars | Valuates Reports

Tire Pressure Monitoring System (TPMS) Market Size
The global Tire Pressure Monitoring System (TPMS) market is projected to grow from US$ 15450 million in 2023 to US$ 22970 million by 2029, at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period.

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The Tire Pressure Monitoring System (TPMS) market is expanding rapidly as automotive manufacturers and consumers prioritize safety, fuel efficiency, and regulatory compliance. TPMS solutions, which alert drivers to under-inflated tires, are becoming standard across vehicle types-boosting overall market size and shaping market trends around smart vehicle integration and advanced driver assistance systems (ADAS).

By type, direct TPMS holds the dominant market share due to its higher accuracy, faster response time, and ability to monitor each tire independently through pressure sensors mounted inside the tires. Direct systems are favored in both OEM installations and aftermarket upgrades, especially in regions with strict safety regulations. Indirect TPMS, which estimates tire pressure using ABS or wheel speed data, continues to find adoption in cost-sensitive markets due to its lower initial cost and easier maintenance, although its accuracy is comparatively limited.

In terms of application, passenger cars account for the largest share of the TPMS market. Increasing consumer demand for enhanced safety features, coupled with legislative mandates in many regions, has driven widespread adoption of TPMS in compact, mid-size, and luxury vehicles. The commercial vehicles segment is witnessing growing momentum, particularly as fleet operators invest in safety, fuel savings, and tire life optimization. TPMS adoption in trucks, buses, and vans supports preventive maintenance strategies and compliance with transportation safety standards.

Looking ahead, the market forecast suggests strong and sustained growth, driven by global automotive safety regulations, rising vehicle production, and increasing consumer awareness. The Tire Pressure Monitoring System market is well-positioned for continued expansion as automakers, regulators, and end-users prioritize smarter, more connected, and safer driving experiences across both personal and commercial vehicle platforms.

Segment by Type

• Direct TPMS
• Indirect TPMS

Segment by Application

• Passenger Cars
• Commercial Vehicles

By Company

Schrader, Pacific Industrial, Lear, Visteon, Denso, Huf Hülsbeck & Fürst, ACDelco, Sate Auto Electronic, Kysonix, Foryou Corp

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