Global Tire Pressure Monitoring Systems (TPMS) Strategic Business Report 2023: Stringent Safety Legislations Provide Regulation-Driven Stability to Growth


Dublin, April 24, 2023 (GLOBE NEWSWIRE) -- The "Tire Pressure Monitoring Systems (TPMS): Global Strategic Business Report" report has been added to's offering.

The global market for Tire Pressure Monitoring Systems (TPMS) estimated at US$15.1 Billion in the year 2022, is projected to reach a revised size of US$39.4 Billion by 2030, growing at a CAGR of 12.8% over the analysis period 2022-2030.

Direct, one of the segments analyzed in the report, is projected to record 13.1% CAGR and reach US$35.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Indirect segment is readjusted to a revised 9.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 23.8% CAGR

The Tire Pressure Monitoring Systems (TPMS) market in the U.S. is estimated at US$3.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$16.4 Billion by the year 2030 trailing a CAGR of 23.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 8.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR.

Select Competitors (Total 76 Featured) -

  • ATEQ
  • Bartec USA LLC
  • Bendix Commercial Vehicles Systems LLC
  • Continental AG
  • DENSO Auto Parts
  • Hamaton Automotive Technology Co., Ltd.
  • Huf Hulsbeck & Furst GmbH & Co. KG
  • NIRA Dynamics AB
  • NXP Semiconductors NV
  • Pacific Industrial Co., Ltd.
  • Sensata Technologies, Inc.
  • Wabco Holdings Inc.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages313
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$15.1 Billion
Forecasted Market Value (USD) by 2030$39.4 Billion
Compound Annual Growth Rate12.7%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • As Part of the Automotive Electronification Trend, Electronic Tires Grow in Prominence
  • Against the Backdrop of Growing Penetration of Electronics in an Average Automobile, Modern Tires Today Run Not Only on Air But Also on Data: % Breakdown of the Total Cost of Electronics in an Automobile for the Years 1970, 1980, 2000, 2017, 2020 and 2030
  • Tire Pressure Monitoring Systems (TPMS) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • Stringent Safety Legislations Provide Regulation-Driven Stability to Growth
  • The Growing Commercial Value of Safety Technologies Encourages OEM & Aftermarket Fitment of TPMS: Global Passenger Car Safety Systems Market (In US$ Billion) for the Years 2016, 2018 and 2022
  • Ever-Present Threat of Accidents Underlines the Importance of TPMS
  • With Millions Continuing to Die in Preventable Road Accidents, the Focus on Automobile Safety Has Never Been Higher: Number of Deaths Caused by Road Accidents Worldwide by Region for the Years 2017 & 2030
  • Growing Vehicle Population (PARC) to Drive Fitments of TPMS in the Aftermarket
  • Rising Passenger Car Density Expands the Addressable Market for TPMS in the Aftermarket: Global Passenger Car Population by Type (in Million Units) for the years 2017 and 2035
  • Auto Production Trends Dictates Growth in the OEM Market
  • China Brings Stability to Global Automobile Production Trends
  • Busy Assembly Line Especially in Asia Keeps the Automotive Supply Chain Well Oiled With New Opportunities: Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
  • Falling Sensor Costs Bring the Technology to the Mainstream Market
  • Special Focus on Acoustic Wave Sensors
  • With the Future of all Automotive Innovations Driven by Electronics, Falling Sensor Prices Ranks as a Key Catalyst for the Proliferation of TPMS in Cars: Global Average Price of Sensors (In US$ Per Unit) for the Years 2010, 2015, 2018 and 2020
  • Reliability Benefits Drive the Popularity of Direct TPMS
  • Progressive Advancements in Autonomous Cars Step Up the R&D Focus on TPMS
  • Efforts to Develop Safer Autonomous Cars Requires Robust Tire Information Systems: Autonomous Vehicles Worldwide in 2043 (In Million Units)
  • Evolution of Mobility as a Service & the Ensuing Focus on TPMS Enabled Predictive Tire Maintenance to Benefit Market Growth
  • IOT and Cloud Services Transform the TPMS Space
  • Technology Innovations Remain Crucial to Future Growth
  • New Generation TPMS Leverage AI Capabilities to Facilitate Real-Time Monitoring and Prevent Expensive Tire Breakdowns
  • R&D Underway for TPMS Based on Bluetooth Low Energy (BLE) Communication Standards




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Global Market for Tire Pressure Monitoring Systems (TPMS)