TIRE PRESSURE MONITORING SYSTEM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

The global tire pressure monitoring system market is estimated to be valued at USD 8.92 Bn in 2025 and is expected to reach USD 18.87 Bn by 2032, growing at a compound annual growth rate (CAGR) of 11.3% from 2025 to 2032. The market has seen a lot of growth because of strict regulatory mandates and increasing consumer awareness regarding vehicle safety. This market has evolved a lot since regulatory implementations in major automotive markets, including the U.S. TREAD Act and European Union's ECE-R64 regulation, which mandated TPMS installation in new vehicles.

The technology uses two primary methodologies direct TPMS utilizing pressure sensors mounted within tire assemblies, and indirect TPMS using existing wheel speed sensors from anti-lock braking systems to detect pressure variations through tire rotation analysis. Market expansion is further accelerated by rising vehicle production, growing emphasis on fuel efficiency optimization, and increasing adoption of Advanced Driver Assistance Systems (ADAS).

Market Dynamics

The market sees growth because of consumer awareness regarding vehicle safety, fuel efficiency benefits, and tire longevity, which have added a lot to the demand for advanced TPMS solutions. Also, rising vehicle production in emerging economies and growing adoption of premium vehicles equipped with sophisticated safety systems add to market expansion. The integration of TPMS with connected car technologies and IoT platforms creates substantial opportunities for enhanced functionality and data analytics capabilities.

The market sees some restraints including high initial installation costs, particularly for direct TPMS systems needing individual tire sensors, and ongoing maintenance expenses associated with sensor battery replacements and system calibrations that may deter cost-sensitive consumers. Nevertheless, many opportunities are being created because of technological advancements in sensor miniaturization, wireless communication protocols, and integration with predictive maintenance systems that enable proactive tire management. The expanding electric vehicle market presents lucrative growth prospects as TPMS becomes crucial for optimizing battery efficiency through proper tire pressure maintenance, while commercial fleet operators increasingly recognize TPMS value for operational cost reduction and safety compliance, driving adoption across transportation and logistics sectors globally.

Key Features of the Study

• This report provides in-depth analysis of the global tire pressure monitoring system market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global tire pressure monitoring system market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Continental AG, Sensata Technologies, DENSO Corporation, ZF Friedrichshafen, NXP Semiconductors, Robert Bosch GmbH, Huf Hülsbeck & Fürst, PACIFIC Industrial Co., Ltd., HELLA, NIRA Dynamics, Infineon Technologies, BARTEC, Hamaton Automotive Technology, Alligator Ventilfabrik, and Steelmate.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global tire pressure monitoring system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global tire pressure monitoring system market.

Market Segmentation

• Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Direct TPMS
  • Indirect TPMS
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Continental AG
  • Sensata Technologies
  • DENSO Corporation
  • ZF Friedrichshafen
  • NXP Semiconductors
  • Robert Bosch GmbH
  • Huf Hülsbeck & Fürst
  • PACIFIC Industrial Co., Ltd.
  • HELLA
  • NIRA Dynamics
  • Infineon Technologies
  • BARTEC
  • Hamaton Automotive Technology
  • Alligator Ventilfabrik
  • Steelmate