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Automotive TPMS Innovation & Leadership: Japanese OEMs and Global Pioneers Drive Real-Time Monitoring for Next-Gen Vehicle Safety
automotive TPMS market
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Automotive TPMS Market Recent Key Developments
USA
Market growth & drivers: The U.S. TPMS market is expanding steadily, with the global industry forecasted to reach USD 23.52 billion by 2032, up from approximately USD 11.41 billion in 2024, representing a CAGR of 10.1% over 2023-2032.
Technology & innovation: TPMS, mandatory in U.S. vehicles since 2007 under FMVSS-138 regulation for detecting under-inflation of 25% or more, continues to be enhanced with newer features. Companies like Continental have launched next-gen solutions such as the REDI-Sensor Multi-Application sensors to enhance reliability and coverage.
Japan
Growth outlook: Japan's TPMS market is forecasted to grow at a CAGR of about 9.5% through 2034, driven by heightened safety awareness, OEM integration, and aftermarket demand.
OEM leadership: Japanese manufacturers, including Toyota and Honda, are integrating advanced direct TPMS even into mid-range models to enhance vehicle safety and compliance.
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Mergers & Acquisitions
➤ Tata Motors acquired Iveco - $4.36 billion all-cash deal, funded by $4.5 billion bridge loan; Iveco's defense division to be divested.
➤ Fleetio acquired Auto Integrate - Expanding fleet maintenance software offerings.
➤ indiGO Tech acquired Clevon - Strategic move into autonomous delivery.
➤ Moove acquired Kovi - Strengthening vehicle access services in Latin America.
➤ MoEVing acquired Evongo - Expanding EV fleet management capabilities.
➤ Black Semiconductor acquired Applied Nanolayers - Advanced semiconductor integration for automotive tech.
Strategic Players Driving the Automotive TPMS Market Forward:
• 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,
• Takata Corporation.
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Segment Covered in the Automotive TPMS Market:
➤ By Product Type: Direct TPMS, Indirect TPMS
➤ BY Vehicle Type: Passenger vehicle, Commercial vehicle, Heavy duty vehicle
➤ By Sales Channel: OEM, Aftermarket
Regional Analysis for Automotive TPMS Market:
⇥ 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)
Most Frequently Asked Questions in the Automotive TPMS Market Research Industry:
✒ What are the primary drivers fueling growth in the Automotive TPMS Market today?
✒ Which companies are currently leading innovation and market share in the Automotive TPMS Market?
✒ In what ways is the current regulatory environment influencing the Automotive TPMS Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Automotive TPMS Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Automotive TPMS Market?
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