AutomotiveNov 21, 2023

Tire Pressure Monitoring System Market

Tire Pressure Monitoring System Market Research Report: Size, Share, Trend Analysis By Technology (Direct TPMS, Indirect TPMS), By Vehicle Type (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle), By Sales Channel (OEM, Aftermarket) and By Region (North America, Europe, Asia Pacific, Middle East and Africa, South America) - Growth Outlook & Industry Forecast To 2030

Vertical: AutoBase Year: 202210 Sections

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Executive Summary

Tire Pressure Monitoring System Market — Snapshot

Market Size (2022)
2022
—
Projected (2030)
2030
—
CAGR (2018–2030)
N/A
Key Players
18+

The global tire pressure monitoring system market is consistently growing due to the growing adoption of tire pressure monitoring system (TPMS) in modern across globe and technological advancement within the automotive industry. Furthermore, growing demand for the safety in the vehicle is likely to drive the market throughout the forecast year.

The global tire pressure monitoring system market is projected to grow at 8.3% CAGR during the forecast period, 2023–2030. In 2022, the global tire pressure monitoring system market was dominated by Asia-Pacific with a 47.1% share, followed by Europe, and North America with shares of 19.7%, and 19.5% respectively, while developing countries such as India and China are projected to showcase substantial growth throughout the forecast period.

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 has been segmented into direct TPMS, and indirect TPMS. The direct TPMS segment is estimated to grow at 8.5% during the forecast period, while in 2022, while it accounted for 72.9% share.

Based on vehicle type, the global tire pressure monitoring system market has been segmented into passenger cars, light commercial vehicle, and heavy commercial vehicle. The passenger cars segment is expected to grow at 7.9% during the forecast period. In 2022, the segment held a 69.1% share of the global tire pressure monitoring system market.

Based on sales channel, the global tire pressure monitoring system market has been segmented into OEM, and aftermarket. The OEM segment is expected to grow at 8.1% during the forecast period. In 2022, the Passenger Car segment held 79.8% of the global tire pressure monitoring system market.

Key Insight

Tire Pressure Monitoring System Market is a key focus area for market intelligence and strategic research.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

Geographic Coverage: This analysis covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, South America.
Market Segmentation: The market is analyzed across key segments with forecasts from 2018 to 2030.
Competitive Landscape: 18 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Market Overview

Tire Pressure Monitoring System Market — Growth Trajectory

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.

Market Share by Application

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Market Dimensions

How this market is segmented

By Technology is broken down into: Direct TPMS, Indirect TPMS.
By Vehicle Type is broken down into: Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle.
By Sales Channel is broken down into: OEM, Aftermarket.

Geographic Analysis

Regional market breakdown

North America is one of the key regions covered in this market analysis.
Europe is one of the key regions covered in this market analysis.

Asia Pacific is one of the key regions covered in this market analysis.
Middle East and Africa is one of the key regions covered in this market analysis.

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Research Methodology

Tire Pressure Monitoring System Market — How We Researched This Market

This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.

Base Year
2022
Historical Period
2018 – 2021
Forecast Period
2023 – 2030
Primary Interviews
150+

Research Process

Historical data (2018–2022) and forecast period (2022–2030)

Problem Definition

Market scoping
Objective setting
Framework design

Secondary Research

Literature review
Data mining
Trend analysis

Primary Research

Expert interviews
Field visits
Surveys

Data Analysis

Quantitative modeling
Statistical testing
Validation

Insights & Reporting

Synthesis
Recommendations
Visualization

Research Depth

Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

Competitive Landscape & Porter's Five Forces

Tire Pressure Monitoring System Market — Competitive Analysis

Tyre pressure monitoring systems (TPMS) are a highly fragmented market, with many small and medium-sized businesses in direct competition with a small number of large ones. Rapid technical development is another aspect of the market that makes it challenging for smaller players to keep up. NXP Semiconductors, The Goodyear Tire & Rubber Company, ZF, Friedrichshafen Ag, Shanghai Baolong Automotive Corporation, Bh Sens Group, Cub Elecparts Inc. are a few of the top companies in the TPMS market. These businesses provide a variety of TPMS products, including as direct, indirect, and hybrid TPMS. While indirect TPMS systems employ wheel speed sensors to determine tyre pressure based on the speed of each wheel, direct TPMS systems use sensors positioned in each tyre to detect tyre pressure. Direct and indirect TPMS technologies are combined in hybrid TPMS systems.

The TPMS market is one that is vibrant and cutthroat. To suit the requirements of their clients, the market's top companies are consistently inventing and creating new items. The market is anticipated to gain from new technological advancements as well as the rising demand for TPMS in commercial cars.

Threat Of New Entrants

The tire pressure monitoring system industry is highly capital intensive, and the level of technical expertise required for tire pressure monitoring system development and manufacturing is highly specific. The presence of well-known tire pressure monitoring system manufacturers such as NXP Semiconductors, ZF TRW, The Goodyear Tire & Rubber Company, BorgWarner Inc, Baolong Automotive Corporation in the tire pressure monitoring system market and their strong research capabilities make it difficult for new entrants to gain significant market shares and achieve economies of scale.

Moreover, established companies are manufacturing tire pressure monitoring systems with high-quality materials and advanced technologies. The high manufacturing standards and advanced product development activities give them a competitive advantage over the new entrants. Thus, the threat of new entrants in the global tire pressure monitoring system is expected to be low during the forecast period.

Bargaining Power Of Suppliers

The tire pressure monitoring system manufacturers procure both raw materials and components from suppliers. The raw materials include aluminum and semiconductors, while the components include an RF transmitter, RF antenna, accelerometer, and radio receiver. There is a large number of raw materials suppliers. The availability of components suppliers is moderate as the components are manufactured with continuously evolving technologies while maintaining the highest manufacturing standards to achieve the required working efficiency.

Established tire pressure monitoring system manufacturers procure these raw materials and components in very high quantities, which reduces the bargaining power of suppliers up to a certain extent. However, the tire pressure monitoring system manufacturing companies cannot easily switch suppliers due to the risks involved in not getting the required quantity and quality of materials and the necessary technologies and efficiency of the components from new suppliers, on time, which raises the switching cost. Moreover, these manufacturers tend to have long-term contracts with their suppliers. Thus, the bargaining power of suppliers in the Global Tire pressure monitoring system is expected to be moderate during the forecast period.

Threat Of Substitutes

Currently, tire pressure monitoring systems have no direct substitutes in the global market. Thus, the threat of substitutes in the global tire pressure monitoring system. Although the system is costly and is not installed in every vehicle. The threat of substitute is expected to be low throughout the forecast period.

Bargaining Power Of Buyers

Tire pressure monitoring system are currently primarily being installed by automakers. However, several automakers are either purchasing or manufacturing tire pressure monitoring systems for installation in their vehicles. The number of buyers of tire pressure monitoring system is moderate as the awareness regarding the benefits of tire pressure monitoring system and it is installed in mostly in luxury vehicles. The buyers generally depend on the existing providers as the switching cost and the risks associated with the product quality, technical specifications, replacement, and aftermarket services of new tire pressure monitoring system manufacturers are high. Thus, the overall bargaining power of buyers in the global tire pressure monitoring system is expected to be moderate during the study period.

Intensity Of Rivalry

Product differentiation within the global tire pressure monitoring system is very high. This is because tire pressure monitoring system manufacturing companies are developing various materials, technologies, charging methods, and product designs according to the requirements of the end users to improve their performance, reduce charging time, and enhance vehicle capabilities. Hence, they are heavily investing in the extensive research & development of electric systems.

The low threat of new entrants, low threat of substitutes, moderate bargaining power of buyers, and moderate bargaining power of suppliers are the factors contributing to the moderate intensity of rivalry in the Global Tire pressure monitoring system during the study period.

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Analytics

Tire Pressure Monitoring System Market — Key Findings

Analytical insights on Tire Pressure Monitoring System Market covering market dynamics, competitive landscape, and strategic outlook.

Key Analytical Findings

Tire Pressure Monitoring System Market represents a significant market opportunity with multiple growth drivers across regions and segments.

Market Dynamics

The global tire pressure monitoring system market is expected to register high growth in the coming years. The demand for tire pressure management systems is poised to be driven by the rising adoption of tire pressure monitoring systems (TPMS) in vehicles and the growing demand for the safety of vehicle. However High cost and complexity of the TPMS may hinder the growth in the market. Although, the rising adoption of technology for in-vehicle infotainment systems will fuel the market.

Market Drivers

Tire pressure monitoring system is generally used in passenger vehicles, where tire pressure management is considered a critical safety system, the automotive industry is applying its efforts to introducing features that reduced the impact of a collision, reduce casualties, as well as improve whole vehicle safety. It will drive the growth of the automotive tire pressure monitoring system market.

The company focuses on several factors such as quality, performance, depth, reliability of product line, technological innovation, customer service, delivery as well as price. Major automakers' premium, luxury, and sports segment passenger cars now include Tire Pressure Monitoring Systems as standard equipment, in which tire pressure is displayed in the instrument panel display. With growing consumer demand for a vehicle having advanced safety features, Tire pressure monitoring system is expected to become standard in sedans, c-segment hatchback, and SUV. Moreover, because of this system's many benefits, various auto manufacturers in the passenger car segment have installed Tire Pressure Monitoring Systems in their proposed fleet. For example, in May 2022 the newly launched Audi A6 2022 model includes sophisticated TMPS. This feature was installed in the 2022 model A6 but was not available in 2021 models. Similarly, the newly introduced 2022 hybrid premium sedan Honda City includes a TMPS. Thus, all these factors are boosting the market.

Market Opportunities

Increasing sales of luxury cars around the world due to their level of comfort as well as safety features. Moreover, the rising trend of luxury electric vehicles is boosting the demand in the TMPS market. Growth of features in the vehicle, shift in consumer preference from SUVs to sedans, as well as rising disposable incomes have been boosting the demand for premium vehicles across the world. Premium cars provide a high level of safety features, thus providing opportunities for the market. Additionally, the growth in the trend of electric luxury vehicles across the world is rocket fueling the TMPS market. Moreover, rising awareness about the advantage of luxury cars is encouraging millennial youth as well as factors that is producing an opportunity in the market. Growing demand for electric vehicles is contributing to the TMPS market. Several luxury car manufacturers have installed TMPS for example, in May 2022, Hyundai will introduce three Genesis luxury electric vehicles in the European market. The automakers' premium Genesis SUV GV80 and G80. Thus, the growth in the sales of the premium vehicle is creating an opportunity for tire pressure monitoring systems.

Market Restraints

The tire pressure management system can expensive and increase the overall cost of the cars. TMPS installed tire cost is more due to servicing tire pressure management system needing extra, tools, parts, and labor. The tire pressure management system valve kit, which includes sealing, valve core, nut as well as a grommet, must be replaced at a time when a tire is dismounted for replacement or service Moreover, resynchronization of the TPMS system will require costly tools, whereas the in the case of draining of battery all sensors are required to be changed. Sensors are vulnerable to damage at the time of mounting or demounting. Thus, due to several complexities and high costs associated with it restraining the tire pressure monitoring system.

Strategic Outlook and Future Directions

Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.

Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.

Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.

Companies

Key companies profiled in Tire Pressure Monitoring System Market

Profiles of 106 companies operating in the Tire Pressure Monitoring System Market market, including revenue, employee count, and market positioning where available.

Region

Industry

Founded Year

Showing 106 of 106 companies

Samsara In

Samsara Inc

Automotive

Company Headquarters: US Founded: 2015 Workforce: ~1616 Company Working: Samsara Inc (Samsara) develops a connected operations platform for tracking fleets of vehicles and other equipment. The platform provides real-time data on location, speed, fuel consumption, and other metrics. It also includes features for safety management, driver coaching, and asset tracking. Samsara's customers include businesses in a variety of industries, including transportation, construction, field services, and logistics. Samsara's connected operations platform can help businesses improve their safety, efficiency, and sustainability. By providing real-time data and insights, Samsara can help businesses make better decisions about how to operate their fleets and assets. This can lead to reduced costs, improved safety, and increased productivity.

Bendix Commercial Vehicle Systems

Automotive

Bendix Commercial Vehicle Systems LLC operates as a wholly owned subsidiary of Knorr-Bremse AG, the Munich-based global manufacturer of braking and safety systems for rail and commercial vehicles. Bendix traces its commercial vehicle safety systems lineage to the early 20th century and was formally integrated into the Knorr-Bremse group in 2002. Within the Heavy equipment and utility vehicle segment — encompassing heavy-duty trucks, vocational vehicles, refuse haulers, concrete mixers, utility service trucks, and construction-adjacent commercial platforms — Bendix functions as Knorr-Bremse's primary North American engineering, manufacturing, and go-to-market arm. The subsidiary maintains production and engineering facilities across the United States and Canada, giving it direct proximity to the North American OEM base that dominates the heavy vocational and utility vehicle space. Bendix's core portfolio for the Heavy equipment and utility vehicle market centers on air brake systems, advanced driver assistance systems (ADAS), and active safety technologies engineered specifically for the demanding duty cycles of vocational and utility platforms. Key product lines include the Bendix ADB22X air disc brake — widely adopted on vocational axle configurations — the Bendix ESP Electronic Stability Program, the Bendix Wingman suite of collision mitigation and adaptive cruise systems, and the Bendix Air Dryer and air management systems that are critical for pneumatic brake reliability in stop-and-go utility operations. The company also supplies automatic traction control and antilock braking systems calibrated for the variable load conditions characteristic of utility and service body vehicles. Competitively, Bendix holds a dominant position in North American air brake and active safety supply for Class 6–8 commercial vehicles, a category that directly encompasses the vocational and utility vehicle segment, where it competes primarily against Haldex and Meritor (now part of Cummins) on brake hardware and against Mobileye and Continental on ADAS integration. Knorr-Bremse has directed sustained investment through Bendix toward the electrification and automation of commercial vehicle safety systems, areas with direct relevance to next-generation utility and Heavy equipment platforms. Bendix also deepened its collaboration with Cummins-Meritor following that merger, establishing interoperability agreements to ensure brake system compatibility across evolving powertrain configurations in the vocational market. Bendix's customer base in the Heavy equipment and utility vehicle market includes major North American OEMs such as Daimler Truck North America (Freightliner, Western Star), PACCAR (Kenworth, Peterbilt), Navistar (International), and Volvo Trucks North America, all of which produce vocational and utility-spec Class 7–8 platforms. The company also supplies Tier 1 body builders and upfitters that configure chassis for utility, municipal, and construction service applications. Bendix's Wingman Fusion system has achieved broad fitment rates on vocational truck lines, and the company's air disc brake penetration on North American Class 8 vocational axles has grown consistently as fleet operators prioritize reduced stopping distances and lower maintenance intervals for high-cycle utility operations.

Hamaton Ltd

Company Headquarters: England Founded: 1993 Workforce: ~1000 Company Working: Hamaton Ltd is a subsidiary of Hamaton Automotive Technology Co. Ltd, a global leader in the manufacture and supply of traditional tire valves and TPMS products for both OE and aftermarket. Located in Whetstone, Leicestershire, Hamaton Ltd is a TPMS technical center and distribution platform for a comprehensive range of Hamaton Automotive Technology products. Quality has been an overriding factor in Hamaton’s success, and customers have the assurance that products manufactured by Hamaton are controlled by the strictest quality standards, certified by TÜV Süd, and meet the requirements of global OEMs with ISO/TS 16949. Hamaton is committed to providing customers with the most innovative and complete TPMS and traditional valve solutions, together with first-class customer support, in the face of a dynamic and rapidly changing market. Hamaton offers a high-quality and innovative TPMS product range, manufactured in an OE environment with the strictest and most exacting levels of inspection and testing. Hamaton’s TPMS sensors are manufactured and tested on a fully automated, environmentally controlled production line.

CUB ELECPARTS INC

Company Headquarters: Taiwan Founded: 1979 Workforce: ~1000 Company Working: CUB ELECPARTS INC started as a company that manufactured basic electrical switches and now has grown to be a professional electric and electronic parts manufacturer supplying both OEM and aftermarket. It provides automobile electrical parts, electronic parts, and ADAS solutions. It has a facility in Shanghai, China having a total floor space of 18,000 square meters. The company designs and manufactures car electronics at this site, such as PUR-TPMS, Gloryder, toolings, and OEM-oriented products. With its state-of-the-art automated equipment, advanced R&D capability, professional manufacturing technology, and adherence to a strict quality management system, it has committed to offering quality products and services that comply with international standards to satisfy its customers. The company believes in core values such as being responsible, positive innovative, and professional. Its vision is to be an automotive electronic and electrical parts leading provider. It supplies TPMS across the world.

Shanghai Baolong Automotive Corporation

Automotive

Company Headquarters: China Founded: 1997 Workforce: ~4,712 Company Working: Shanghai Baolong Automotive Corporation (Baolong) is a leading Chinese manufacturer of automotive parts and components and OEM suppliers in China for electronically controlled air suspension systems that can significantly improve driving experience, drive comfort and the intelligence level of chassis. Its products comprise rubber & metal parts like tire valves, wheel weights, ECAS, metal tubing components like EGR pipes, exhaust pipes & structural parts, and automotive electronics featured systems & components like TPMS, sensors, and drive assistance systems based on cameras and millimeter-wave radars. The Company has around 8 production bases in China, North America and Europe and supplies its systems & components to more than 2,000 customers in more than 50 countries and regions globally. Baolong is a competent supplier of Toyota, Volkswagen, GM, Stellantis, Hyundai-Kia, Ford, Jaguar Land Rover, SAIC, Great Wall, FAW, Changan, Dongfeng, BAIC, GAC, Geely, and many others.

Company Headquarters: France Founded: 1923 Workforce: ~ 109,900 Company Working: Valeo is a global automotive supplier and partner to manufacturers. As a technology company, it develops novel solutions for smart transportation, with a special emphasis on intuitive driving and lowering CO 2 emissions. The company supplies auto parts in four business segments: comfort and driving assistance, powertrain systems, thermal systems, and visibility systems. In comfort and driving, the firm creates technology aimed at more autonomous and automated driving experiences. The powertrain segment produces full electrification solutions for urban cars and hybridization systems for all vehicles. Within the thermal area, Valeo manufactures car HVAC systems, engine and battery temperature management devices, and air-quality control solutions. The visibility division is responsible for the production of interior and exterior car lights as well as windscreen wipers. Valeo's operational profits are distributed uniformly across all of its business sectors. It has 187 plants, 65 research and development centers, and 15 distribution platforms in 33 countries across the globe. The company has operations in the U.S, Europe, Asia, France, and Africa.

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About the Author

Automotive Components Research Team

Automotive · Automotive Components

Wantstats' automotive analysts wrote this report from the ground up — tracking OEM production data, supplier shifts, and regulatory changes across the markets that matter most. Every figure has been checked against proprietary datasets and reviewed internally before publication. This report specifically covers the Automotive Components space within that portfolio.

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Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Tire Pressure Monitoring System Market

Tire Pressure Monitoring System Market Research Report: Size, Share, Trend Analysis By Technology (Direct TPMS, Indirect TPMS), By Vehicle Type (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle), By Sales Channel (OEM, Aftermarket) and By Region (North America, Europe, Asia Pacific, Middle East and Africa, South America) - Growth Outlook & Industry Forecast To 2030

Starting from

$4,950

Tire Pressure Monitoring System Market

Key Insight

Market Performance Trend

Market Scope & Coverage

What this report covers

Market Share by Application

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Competitive Landscape & Porter's Five Forces

Tire Pressure Monitoring System Market — Competitive Analysis

Save over 20% onAnnual Subscription

Key Analytical Findings

Market Dynamics

Market Drivers

Market Opportunities

Market Restraints

Strategic Outlook and Future Directions

About the Author

Automotive Components Research Team

Market Performance Trend

Market Share by Application

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Competitive Landscape & Porter's Five Forces

Tire Pressure Monitoring System Market — Competitive Analysis

Save over 20% onAnnual Subscription

Key Analytical Findings

Market Dynamics

Market Drivers

Market Opportunities

Market Restraints

Strategic Outlook and Future Directions

About the Author

Automotive Components Research Team

Save over 20% on
Annual Subscription

Save over 20% on
Annual Subscription