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Advanced Tire Pressure Monitoring System Market Revenue Outlook: What CAGR Lies Ahead Through 2030?
The advanced tire pressure monitoring system market size has grown strongly in recent years. It will grow from $5.3 billion in 2025 to $5.71 billion in 2026 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to vehicle safety mandates, fuel efficiency regulations, rise in connected vehicles, early tpms adoption, automotive safety awareness.
The advanced tire pressure monitoring system market size is expected to see strong growth in the next few years. It will grow to $7.61 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to connected vehicle growth, smart sensor integration, fleet telematics adoption, predictive analytics usage, electric vehicle penetration. Major trends in the forecast period include growing demand for real-time tire monitoring, integration with vehicle telematics, adoption in electric vehicles, expansion of aftermarket tpms, focus on predictive maintenance.
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Advanced Tire Pressure Monitoring System Market Opportunity Drivers: What’s Unlocking New Revenue Potential?
The increase in vehicle production and sales is expected to propel the growth of the advanced tire pressure monitoring system (TPMS) market going forward. Vehicle production and sales refer to the manufacturing and distribution of motor vehicles, including passenger cars, commercial vehicles, and electric vehicles. As the automotive industry shifts toward smart and connected vehicles, TPMS is evolving to include wireless connectivity, real-time alerts, and integration with onboard diagnostic systems, which adds value and spurs innovation in the market. For instance, in May 2024, according to the International Organization of Motor Vehicle Manufacturers (OICA), a France-based international trade association for the automotive industry, global vehicle production reached over 93.5 million units in 2023, an increase of 10% compared to 2022. Therefore, the rise in vehicle production and sales is driving growth in the advanced tire pressure monitoring system market.
Advanced Tire Pressure Monitoring System Market Segment Performance And Emerging Opportunities
The advanced tire pressure monitoring system market covered in this report is segmented –
1) By Product Type: Direct Tire Pressure Monitoring System (TPMS), Indirect Tire Pressure Monitoring System (TPMS)
2) By Technology: Battery-Powered, Energy Harvesting
3) By Vehicle Type: Passenger Vehicles, Commercial Vehicles
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Direct Tire Pressure Monitoring System (TPMS): Pressure Sensors, Control Units, Transmitters, Receiver Modules, Batteries
2) By Indirect Tire Pressure Monitoring System (TPMS): Wheel Speed Sensors, Electronic Control Units (ECU), Software Algorithms
Advanced Tire Pressure Monitoring System Market Trends Shaping Long-Term Demand
Major companies operating in the advanced tire pressure monitoring system (TPMS) market are focusing on developing intelligent tire pressure monitoring sensors to improve vehicle safety, fuel efficiency, and performance. Intelligent Tire Pressure Monitoring Sensors (TPMS) are advanced versions of traditional TPMS sensors that go beyond simply measuring tire pressure. These sensors are designed to provide real-time, precise, and multi-parameter data about tire health and performance. For instance, in September 2023, Infineon Technologies AG, a Germany-based semiconductor manufacturer, launched the XENSIV SP49 tire pressure monitoring sensor. The SP49 integrates microelectromechanical systems (MEMS) sensors and application-specific integrated circuit (ASIC) technology to support smart tire functions, such as auto-position sensing, tire inflation assistance, blowout detection, and load monitoring. It features a 32-bit Arm M0+ core, large memory capacity, and low-power monitoring, making it suitable for both conventional and electric vehicles. This innovation helps reduce emissions, improve tire life, and enhance road safety through direct tire pressure monitoring system integration.
Advanced Tire Pressure Monitoring System Market Key Players: Which Companies Lead Industry Competition?
Major companies operating in the advanced tire pressure monitoring system market report include Hitachi Astemo Ltd., ZF Friedrichshafen AG, Orange Electronic Co., Ltd., Denso Corporation, Continental AG, Hyundai Mobis Co. Ltd., Valeo S.A., Infineon Technologies AG, NXP Semiconductors N.V., HELLA GmbH & Co. KGaA, Delphi Technologies PLC, Sensata Technologies Holding PLC, Pacific Industrial Co. Ltd., Huf Hülsbeck & Fürst GmbH & Co. KG, Bartec USA LLC, Schrader Electronics Limited, CUB Elecparts Inc., ATEQ TPMS Tools LC, Bendix Commercial Vehicle Systems LLC, Renesas Electronics Corporation.
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Advanced Tire Pressure Monitoring System Market Regional Breakdown: Where Is Demand Concentrated?
North America was the largest region in the advanced 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 advanced tire pressure monitoring system market report include 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.
