Global Tire Pressure Monitoring System Market is predicted to grow at more than 8.7% by 2032

Market Research Future (MRFR) has published on the “Global Tire Pressure Monitoring System Market”.

Tire Pressure Monitoring System is an automotive safety feature designed to monitor the air pressure in a vehicle's tires. The TPMS uses sensors to measure the tire pressure and alerts the driver if the pressure falls below or exceeds the recommended levels. This helps to prevent tire-related accidents, improves fuel efficiency, and prolongs tire life.

The Tire Pressure Monitoring System market is estimated to register a CAGR of 8.7 % during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Tire Pressure Monitoring System market - NXP Semiconductors, The Goodyear Tire & Rubber Company, ZF, Friedrichshafen Ag, Shanghai Baolong Automotive Corporation, Bh Sens Group, Cub Elecparts Inc.  and Others.

Tire Pressure Monitoring System Highlights

The global Tire Pressure Monitoring System market is accounted for to register a CAGR of 8.7 % during the forecast period and is estimated to reach USD 10,333.54 million by 2032.

Road accidents are the main cause of death across the world, and a major increase in road fatality is a major concern. For example, according to a WHO report released in the year 2021, nearly 1.3 million people die every year in road accidents. Furthermore, road casualties are a high teenage group. These factors are growing the demand for vehicle safety features. Automakers to develop as well as implement safety features for meeting customer requirements.

Moreover, demand for safety features for example TPMS, collision avoidance systems, parking assistance, traction control, lane departure warning, electronic stability, and tire pressure monitoring on the rise as traffic accidents grow worldwide. Additionally, these systems guarantee passenger and vehicle safety by providing proactive warnings about vehicle conditions.

Furthermore, several manufacturing companies are using automation for increasing production as well as profitability. The automotive tire industry is expected to grow as a result of technological advancement in related components sector for example TPMS. Moreover, major tire component makers are adopting nanotechnology as well as other innovations along with software for developing various advanced tire subsystems. For example, in September 2021, Hendrickson USA LLC develops a tire pressure system by using its Tiremaax Pro-LB. It allows taking the guesswork out of tire pressure management by evaluating air spring pressure as well as automatically responding to changes in load.

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Segment Analysis

The global Tire Pressure Monitoring System market has been segmented based on Technology, Vehicle Type, Sales Channel, and Region

Based on technology, the global tire pressure monitoring system market is segmented into direct TPMS & indirect TPMS. The Direct TPMS segment held the majority share in 2022 as these technology configured to provide individual tire pressure readings, enabling drivers to identify which tire(s) require attention. Nevertheless, Direct TPMS can be costlier than Indirect TPMS, which relies on the anti-lock braking system of the vehicle to estimate tire pressure based on wheel speed. Direct TPMS may also necessitate more maintenance since the sensors may need replacement if they become damaged or malfunction. In conclusion, Direct TPMS is a tire pressure monitoring system that employs wheel-mounted sensors to provide accurate and dependable tire pressure readings. Although it may be more expensive and require more maintenance than Indirect TPMS, Direct TPMS can be enormously beneficial in preventing tire failure by offering critical information to drivers.

Based on Vehicle Type, the global Tire Pressure Monitoring System market segmentation includes passenger cars, light commercial vehicles, and heavy commercial vehicles. Heavy Commercial Vehicle is anticipated to grow at the highest during the forecast period. The market for TPMS in heavy commercial vehicles is anticipated to continue to grow in the future as more fleet operators recognize the benefits of these systems. Implementing TPMS in heavy commercial vehicles can increase safety, improve fuel efficiency, and reduce maintenance costs, making it a sound investment for fleet operators.

Based on Sale channel the global Tire Pressure Monitoring System market segmentation includes OEM and Aftermarket. The OEM segment holds the majority market share in 2022 as the OEM TPMS systems have several advantages over aftermarket systems. Since the OEM TPMS systems are integrated into the vehicle's design, they offer better accuracy and reliability than aftermarket systems. The OEM systems are also more compatible with the vehicle's onboard computer, which allows for more precise monitoring and control of the tire pressure. The OEM systems are also tested and certified by recognized authorities, ensuring that they meet the safety regulations and standards.

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In terms of revenue, Europe held the largest share in the Tire Pressure Monitoring System market in 2022. The rising demand for safety features in vehicles is one of the main drivers of the European TPMS market. TPMS has become a crucial safety feature as it can prevent accidents caused by underinflated tires, which can result in tire blowouts and loss of vehicle control. Additionally, the growing awareness of the environmental impact of vehicles has resulted in the demand for more fuel-efficient solutions, which TPMS can provide by maintaining optimal tire pressure and reducing rolling resistance. In conclusion, the European TPMS market is being propelled by government regulations, heightened safety awareness, and the need for enhanced fuel efficiency. The market is projected to continue expanding as more automotive manufacturers adopt TPMS and as new safety regulations are implemented.

The trend of connected cars in North America is expected to have an even greater impact on the adoption of TPMS, as these systems can be integrated with other vehicle sensors and connected to the internet to enable real-time monitoring. Furthermore, the adoption of TPMS in the country is expected to be driven by rising safety concerns and the growing trend of connected cars. In summary, the North American TPMS market is projected to grow at a moderate pace in the near future, driven by a combination of government regulations, safety concerns, and the increasing prevalence of connected cars.

The Asia Pacific tire pressure monitoring system (TPMS) market is expected to grow significantly in the coming years. TPMS is an electronic system that monitors the air pressure of tires and alerts the driver in case of low pressure. It is becoming increasingly popular in the Asia Pacific region due to the growing awareness among consumers about the importance of maintaining proper tire pressure. The Asia Pacific region is a significant market for TPMS, with China and India being the primary markets in the region. The growth of these markets can be attributed to the increasing demand for passenger cars and light commercial vehicles, as well as government mandates requiring the installation of TPMS in all new vehicles.

The MEA market for tire pressure monitoring systems (TPMS) is predicted to demonstrate steady growth in the upcoming years. The demand for passenger and commercial vehicles in countries like Saudi Arabia, the United Arab Emirates, and South Africa is the primary driver of growth in the MEA tire pressure monitoring systems market. Moreover, government regulations mandating the installation of TPMS in vehicles are also contributing to the market's expansion. Additionally, the growing awareness of safety among consumers and the need for fuel-efficient vehicles are also driving the adoption of TPMS in the region. TPMS systems assist in enhancing fuel efficiency by ensuring that tires are adequately inflated, which reduces rolling resistance and improves mileage.

The key drivers for the growth in demand for Tire Pressure Monitoring System in South America are growing due to rising demand for passenger and commercial vehicles in countries like Brazil, Argentina, and Chile, as well as government regulations mandating TPMS installation in vehicles. Furthermore, consumer awareness about safety and the need for fuel-efficient vehicles contribute to increased TPMS adoption in the region. By ensuring proper tire inflation, TPMS helps improve fuel efficiency, reduce rolling resistance, and enhance mileage. Overall, the South America TPMS market is well positioned for expansion.

Key Findings of the Study

• The global Tire Pressure Monitoring System market is expected to reach USD 10,333.54million by 2032, at a CAGR of 8.7% during the forecast period.


• The Europe region accounted for the fastest-growing global market, imperative factors, such as the government regulations, heightened safety awareness, and the need for enhanced fuel efficiency making it the primary contributor to the market share.


• Based on technology, the open direct TPMS segment was attributed to holding the largest market in 2022, with an approximate market share of 85.5%.


• NXP Semiconductors, The Goodyear Tire & Rubber Company, ZF, Friedrichshafen Ag, Shanghai Baolong Automotive Corporation, Bh Sens Group, Cub Elecparts Inc. and Others are the key market players.