Global Tire Pressure Monitoring System Market

Global Tire Pressure Monitoring System Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 7.87% during a forecast period.

Major driving factors of the Tire Pressure Monitoring System Market are increasing production in automotive Industry. Government strict policy and regulation are creating new opportunity in automotive sectors via allowing new technology advances to make better safety system for drivers. Rise in adoption of Pressure sensor detects, measures, and transmits the information which helps in analyzing the performance of a vehicle via device also booming the market around the globe. The Automotive industry relies on achieving high fuel economies to reduce costs and demonstrate the economic impact of proper sensor growth. Changing Technology and High cost will act as a restraint to the market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Based on the Technology, Direct TPMS is expected to hold the largest share in the market during the forecast period. Direct TPMS have reducing tremendously the handling of multiple components via different size of the printed circuit board and removed the cost adding to external components. Small size gives suppliers the opportunity to use one solution in a wide variety of models. Direct TPMS in heavy-duty tractor/trailer trucks can have 18 or more tires, maintaining properly inflated tires saving thousands of dollars in fuel and tire servicing costs per vehicle over the course of its several hundred-thousand-mile lifetimes. Direct TPMS units do not require specialized tools to program or reset, making them much simpler to use. In Sales Channel, OEM is also expected to lead the market growth.

In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period. Asia pacific have identified its main drivers, including rising research and development (R&D) investment, trade openness, and FDI. Improved education, changing economically in forward growth for infrastructure, and changes in regulatory environments may permit more market opportunity in this region. the forefront of the global economy, accounting for more than 60 percent of Asia growth and projected to grow at 8.6 percent in forecast period. Europe region is also expected to grow at a significant rate during the forecast period.

The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.

Scope of the Report for Tire Pressure Monitoring System Market

Global Tire Pressure Monitoring System Market, By Vehicle

• Light Commercial Vehicle (LCV)

• Heavy Commercial Vehicle (HCV)

• Passenger Vehicle

Global Tire Pressure Monitoring System Market, By Technology

• Direct TPMS

• Indirect TPMS

Global Tire Pressure Monitoring System Market, By Sales Channel

• OEMs

• Aftermarket

Global Tire Pressure Monitoring System Market, by Region

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• South America

Key Players Operating in Tire Pressure Monitoring System Market

• Alligator Gmbh

• Denso

• Pacific Industrial

• Schrader Electronics

• Delphi Automotive LLP

• Huf Hulsbeck & Furst GmbH & Co. KG

• ZF Friedrichshafen

• Sensata Technologies Inc.

• Bartec USA LLC

• Delphi Automotive LLP.

• General Electric

• TRW Automotive

• NIRA Dynamics AB

Global Electric Truck Market

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Global Tire Pressure Monitoring System (TPMS) Market Review

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Market Overview & Drivers​

The Global TPMS Market, valued at US$ XX Bn in 2019, is projected to grow at a CAGR of 7.87% through 2027. Key growth drivers include the increased automotive production, government safety mandates, and the growing adoption of sensor-based monitoring systems. Pressure sensors that aid in monitoring tire performance are increasingly important, especially as automakers seek better fuel economy and safety compliance.

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Technology Trends​

Among the technologies, Direct TPMS dominates and is expected to maintain the largest market share throughout the forecast period. Direct TPMS offers multiple benefits:

• Integration of smaller, cost-effective printed circuit boards.
• Applicability across various vehicle models.
• Eliminates the need for specialized reset tools.
• Offers significant cost savings, particularly in heavy-duty vehicle fleets.

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Sales Channel Insights​

OEMs (Original Equipment Manufacturers) are leading the market in terms of sales channels. OEM integration offers seamless functionality and ensures regulatory compliance from the point of vehicle manufacture.

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Regional Outlook​

Asia Pacific is the dominant region and is expected to continue leading, fueled by:

• Increased R&D investments.
• Trade liberalization and rising FDI.
• Infrastructure development and evolving regulatory policies.

Europe also shows significant growth potential, driven by tightening safety regulations and expanding electric vehicle production.

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Key Challenges​

• High initial costs of advanced TPMS systems.
• Technological complexity and compatibility across different vehicle platforms.

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Competitive Landscape​

Key players shaping the global TPMS market include:

• Denso
• ZF Friedrichshafen
• Delphi Automotive
• Sensata Technologies
• Schrader Electronics
  These companies are investing in R&D and expanding partnerships to stay competitive.

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Conclusion​

The TPMS market is evolving rapidly due to increased regulatory pressures and the push for safer, more efficient vehicles. Direct TPMS, in particular, offers robust advantages, especially in fuel and cost savings. With Asia Pacific and Europe driving demand, manufacturers and OEMs must focus on innovation and compliance to capture emerging opportunities.