Product Code: ETC13152513 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Tire Pressure Monitoring System Market was valued at USD 6.8 Billion in 2024 and is expected to reach USD 10 Billion by 2031, growing at a compound annual growth rate of 5.00% during the forecast period (2025-2031).
The Global Tire Pressure Monitoring System (TPMS) market is experiencing steady growth due to increasing concerns about vehicle safety and fuel efficiency. TPMS helps in monitoring and maintaining optimal tire pressure, reducing the risk of accidents and improving fuel economy. The market is driven by government regulations mandating TPMS installation in vehicles, as well as the growing adoption of advanced automotive technologies. Additionally, the rising demand for passenger and commercial vehicles in emerging economies is fueling market expansion. Key players in the industry are focusing on technological advancements such as wireless TPMS sensors and integration with vehicle telematics systems to enhance performance and user experience. The market is expected to continue growing as automotive safety regulations become more stringent globally.
The Global Tire Pressure Monitoring System (TPMS) market is witnessing growth due to the increasing focus on road safety and regulations mandating TPMS installation in vehicles. Advanced technologies such as wireless sensors, smartphone integration, and cloud-based monitoring are driving market expansion. The market is also benefiting from the rising adoption of connected vehicles and autonomous driving technologies, which require accurate tire pressure data for optimal performance. Opportunities exist for TPMS manufacturers to innovate with features like predictive maintenance algorithms, real-time data analytics, and integration with vehicle-to-vehicle communication systems. Additionally, the growing demand for electric vehicles and smart mobility solutions presents a promising avenue for TPMS vendors to offer tailored solutions for these emerging segments. Overall, the TPMS market is poised for steady growth as automotive safety standards continue to evolve globally.
In the Global Tire Pressure Monitoring System (TPMS) Market, some key challenges include technological complexity and integration issues with existing vehicle systems, especially in older vehicles. Another challenge is the lack of standardization across different regions in terms of regulations and requirements for TPMS implementation, which can hinder market growth and adoption. Additionally, cost concerns among consumers and automakers, as well as the need for regular maintenance and calibration of TPMS sensors, pose challenges to widespread adoption. Furthermore, the increasing competition among TPMS providers and the emergence of alternative technologies, such as indirect TPMS and connected car solutions, further add complexity to the market landscape. Overall, addressing these challenges will be crucial for the sustained growth and success of the Global TPMS Market.
The Global Tire Pressure Monitoring System (TPMS) market is primarily driven by the increasing focus on vehicle safety and regulations mandating the installation of TPMS in vehicles to prevent accidents caused by underinflated tires. The growing automotive industry, advancements in sensor technology, and the rising demand for fuel-efficient vehicles also contribute to the market growth. Additionally, the rising awareness among consumers regarding the benefits of maintaining proper tire pressure for fuel efficiency, tire longevity, and environmental sustainability is boosting the adoption of TPMS. Furthermore, the integration of TPMS with advanced driver assistance systems (ADAS) and the development of connected vehicles are expected to further drive the market as they enhance overall vehicle safety and performance.
Government policies related to the Global Tire Pressure Monitoring System (TPMS) Market focus on improving road safety, reducing fuel consumption, and minimizing environmental impact. In many countries, TPMS has been mandated by regulations that require vehicles to be equipped with this technology to monitor tire pressure and alert drivers of any significant deviations. These regulations aim to enhance vehicle safety by preventing accidents caused by underinflated tires and reducing fuel consumption by maintaining optimal tire pressure. Additionally, TPMS helps decrease carbon emissions by promoting fuel efficiency and extending tire lifespan, aligning with government initiatives to address climate change and promote sustainable transportation practices. As a result, manufacturers and suppliers in the global TPMS market must comply with these regulations to meet safety standards and environmental requirements in various regions.
The Global Tire Pressure Monitoring System (TPMS) Market is expected to witness significant growth in the coming years due to increasing awareness about vehicle safety and the rising adoption of advanced automotive technologies. Factors such as government regulations mandating the installation of TPMS in vehicles to reduce accidents and improve fuel efficiency, as well as the growing demand for connected vehicles, are driving the market`s expansion. Additionally, advancements in sensor technology and the integration of TPMS with telematics systems are anticipated to further propel market growth. The market is projected to witness a steady increase in demand from both the original equipment manufacturers (OEMs) and aftermarket sectors, with a focus on enhancing road safety and optimizing vehicle performance.
In the global Tire Pressure Monitoring System (TPMS) market, Asia is expected to witness significant growth due to the increasing adoption of advanced automotive technologies in countries like China, Japan, and India. North America is likely to dominate the market share, driven by strict government regulations mandating the installation of TPMS in vehicles for safety purposes. In Europe, the market is also projected to grow steadily, supported by the presence of key automotive manufacturers focusing on enhancing vehicle safety features. The Middle East and Africa are anticipated to experience moderate growth, attributed to the rising demand for luxury vehicles with advanced safety systems. Latin America is expected to showcase promising growth opportunities, with countries like Brazil and Mexico investing in automotive safety technologies to reduce road accidents.
Global Tire Pressure Monitoring System (TPMS) Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Tire Pressure Monitoring System (TPMS) Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Tire Pressure Monitoring System (TPMS) Market Revenues & Volume, 2021 & 2031F |
3.3 Global Tire Pressure Monitoring System (TPMS) Market - Industry Life Cycle |
3.4 Global Tire Pressure Monitoring System (TPMS) Market - Porter's Five Forces |
3.5 Global Tire Pressure Monitoring System (TPMS) Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Tire Pressure Monitoring System (TPMS) Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Tire Pressure Monitoring System (TPMS) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Tire Pressure Monitoring System (TPMS) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Tire Pressure Monitoring System (TPMS) Market Trends |
6 Global Tire Pressure Monitoring System (TPMS) Market, 2021 - 2031 |
6.1 Global Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Direct TPMS, 2021 - 2031 |
6.1.3 Global Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Indirect TPMS, 2021 - 2031 |
6.2 Global Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Passenger Cars, 2021 - 2031 |
6.2.3 Global Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Commercial Vehicles, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Tire Pressure Monitoring System (TPMS) Market, Overview & Analysis |
7.1 North America Tire Pressure Monitoring System (TPMS) Market Revenues & Volume, 2021 - 2031 |
7.2 North America Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Tire Pressure Monitoring System (TPMS) Market, Overview & Analysis |
8.1 Latin America (LATAM) Tire Pressure Monitoring System (TPMS) Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Tire Pressure Monitoring System (TPMS) Market, Overview & Analysis |
9.1 Asia Tire Pressure Monitoring System (TPMS) Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Tire Pressure Monitoring System (TPMS) Market, Overview & Analysis |
10.1 Africa Tire Pressure Monitoring System (TPMS) Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Tire Pressure Monitoring System (TPMS) Market, Overview & Analysis |
11.1 Europe Tire Pressure Monitoring System (TPMS) Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Tire Pressure Monitoring System (TPMS) Market, Overview & Analysis |
12.1 Middle East Tire Pressure Monitoring System (TPMS) Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Tire Pressure Monitoring System (TPMS) Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Tire Pressure Monitoring System (TPMS) Market Key Performance Indicators |
14 Global Tire Pressure Monitoring System (TPMS) Market - Export/Import By Countries Assessment |
15 Global Tire Pressure Monitoring System (TPMS) Market - Opportunity Assessment |
15.1 Global Tire Pressure Monitoring System (TPMS) Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Tire Pressure Monitoring System (TPMS) Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Tire Pressure Monitoring System (TPMS) Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Tire Pressure Monitoring System (TPMS) Market - Competitive Landscape |
16.1 Global Tire Pressure Monitoring System (TPMS) Market Revenue Share, By Companies, 2024 |
16.2 Global Tire Pressure Monitoring System (TPMS) Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |