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Automotive Tire Pressure Monitoring System Market Size Forecast: How Large Could The Market Become By 2030?
The automotive tire pressure monitoring system market size has experienced rapid expansion in recent years. It is anticipated to increase from $10.92 billion in 2025 to $12.54 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 14.8%. Historically, this growth has been fueled by factors such as escalating road safety regulations, the mandatory integration of TPMS in passenger vehicles, an increase in global vehicle production, early deployment in premium vehicles, and advancements in pressure sensor technologies.
The automotive tire pressure monitoring system market size is anticipated to undergo rapid growth in the upcoming years. It is projected to reach $21.71 billion by 2030, progressing at a compound annual growth rate (CAGR) of 14.7%. The growth observed during the forecast period can be attributed to the increasing adoption of connected vehicle platforms, a rising focus on predictive vehicle maintenance, the expansion of electric vehicle fleets, a surge in aftermarket TPMS installations, and advancements in low-power sensor designs. Noteworthy trends for the forecast period include the increasing adoption of direct TPMS sensors, a rising integration with vehicle telematics systems, a growing utilization of battery-efficient TPMS modules, an expansion of OEM-fitted TPMS installations, and an enhanced focus on real-time tire monitoring.
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Automotive Tire Pressure Monitoring System Market Demand Drivers: What Is Fueling Industry Growth?
The expansion of electric vehicles (EVs) is anticipated to drive the advancement of the automotive tire pressure monitoring system market in the future. EVs are defined as vehicles propelled by one or more electric motors, sourcing electricity from batteries, fuel cells, or solar panels, in contrast to internal combustion engines fueled by fossil fuels. In electric vehicles (EVs), automotive tire pressure monitoring systems serve to boost safety and efficiency through constant surveillance and notification of tire pressure, thereby guaranteeing peak performance and extended range. For example, a report from January 2024 by Kelley Blue Book, a US-based Cox Automotive company, indicated that a record 1.2 million car buyers in the United States opted for electric vehicles in 2023, representing 7.6% of the entire U.S. vehicle market, an increase from 5.9% in 2022. Consequently, the expansion in electric vehicles (EVs) is fostering the growth of the automotive tire pressure monitoring system market.
Automotive Tire Pressure Monitoring System Market Segment Analysis: What Are The Major Market Categories?
The automotive tire pressure monitoring system market covered in this report is segmented –
1) By Type: Direct Tire Pressure Monitoring System (TPMS), Indirect Tire Pressure Monitoring System (TPMS)
2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
3) By Sales Channel Type: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Direct Tire Pressure Monitoring System (TPMS): Battery-Powered Direct Tire Pressure Monitoring System (TPMS), Solar-Powered Direct Tire Pressure Monitoring System (TPMS), Multi-Channel Direct Tire Pressure Monitoring System (TPMS)
2) By Indirect Tire Pressure Monitoring System (TPMS): ABS-Based Indirect Tire Pressure Monitoring System (TPMS), Wheel Speed Sensor-Based Indirect Tire Pressure Monitoring System (TPMS)
Automotive Tire Pressure Monitoring System Market Innovation Trends: Which Developments Are Transforming The Industry?
Major companies operating in the automotive tire pressure monitoring system market are introducing advanced sensors like XENSIV SP49 to increase their market revenue. XENSIV SP49 functions as an automotive tire pressure monitoring sensor, integrating MEMS sensors and ASIC technology. For instance, in September 2023, Infineon Technologies AG, a Germany-based semiconductor manufacturer, launched the XENSIV SP49 tire pressure monitoring sensor for the automotive TPMS market, utilizing its patented glass-silicon-glass MEMS sensor. This new sensor incorporates MEMS sensors and ASIC, offering advanced features for tire pressure monitoring. The SP49 is equipped with a 32-bit Arm M0+ core, substantial flash memory and RAM, Low Power Monitoring (LPM), and efficient acceleration sensing. It is specifically designed for capabilities such as on-tire auto-position sensing and tire blowout detection. The SP49 directly replaces Infineon’s previous SP40 TPMS products and provides a high level of integration for modern TPMS modules, requiring minimal additional components.
Automotive Tire Pressure Monitoring System Market Leading Companies Driving Competitive Growth
Major companies operating in the automotive tire pressure monitoring system market are Continental AG, Sensata Technologies Holding plc, Denso Corporation, Pacific Industrial Co. Ltd., NXP Semiconductors N.V., Huf Hülsbeck & Fürst GmbH & Co. KG, Nira Dynamics AB, Hamaton Automotive Technology Co. Ltd., ATEQ TPMS, Alligator Ventilfabrik GmbH, ALPS ALPINE CO. LTD, Doran Manufacturing, Bartec USA LLC, Dill Air Controls Products, ZF Friedrichshafen AG, DUNLOP TECH GmbH, Schrader International Inc., TRW Automotive Inc., Bridgestone Corporation, HELLA GmbH & Co. KGaA, Lear Corporation, Omron Corporation, Visteon Corporation, Transense Technologies PLC, Xensor Corporation, CUB Elecparts Inc., Sate Auto Electronic Co. Ltd., Shanghai Baolong Automotive Corporation, Paceline Electronics Inc.
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Automotive Tire Pressure Monitoring System Market Geographic Distribution And Regional Opportunities
North America was the largest region in the automotive tire pressure monitoring system market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive tire pressure monitoring system market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.