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Advanced Tire Pressure Monitoring System Market Value Expansion And Long-Term Growth Outlook
The advanced tire pressure monitoring system market has shown robust growth in recent years. It is projected to expand from $5.3 billion in 2025 to $5.71 billion in 2026, at a compound annual growth rate (CAGR) of 7.8%. This historical growth can be attributed to factors such as vehicle safety mandates, fuel efficiency regulations, the rise in connected vehicles, early TPMS adoption, and increased automotive safety awareness.
The advanced tire pressure monitoring system market is projected to experience robust expansion over the coming years, set to reach a value of $7.61 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.4%. Factors contributing to this growth during the forecast period include an increase in connected vehicles, the integration of smart sensors, wider adoption of fleet telematics, the utilization of predictive analytics, and the rising penetration of electric vehicles. Key trends anticipated within the same period encompass an escalating demand for real-time tire monitoring, enhanced integration with vehicle telematics systems, increased adoption in electric vehicles, the expansion of the aftermarket for TPMS, and a strong emphasis on predictive maintenance strategies.
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Advanced Tire Pressure Monitoring System Market Growth Factors Supporting Long-Term Expansion
The future expansion of the advanced tire pressure monitoring system (TPMS) market is expected to be propelled by the rise in vehicle production and sales. This encompasses the manufacturing and distribution of various motor vehicles, including passenger cars, commercial vehicles, and electric vehicles. With the automotive industry’s shift towards smart and connected vehicles, TPMS is evolving to include features such as wireless connectivity, real-time alerts, and integration with onboard diagnostic systems, which enhances market value and fosters innovation. For instance, in May 2024, the International Organization of Motor Vehicle Manufacturers (OICA), a France-based international trade association for the automotive industry, reported that global vehicle production surpassed 93.5 million units in 2023, marking a 10% increase compared to 2022. Therefore, the growing volume of vehicle production and sales is a key driver for the advanced tire pressure monitoring system market.
Advanced Tire Pressure Monitoring System Market Segment Analysis Highlighting Growth Areas
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 Industry Trends Shaping Future Revenue Growth
Companies operating within the advanced tire pressure monitoring system (TPMS) market are directing their efforts toward developing intelligent tire pressure monitoring sensors to enhance vehicle safety, fuel efficiency, and performance. Intelligent Tire Pressure Monitoring Sensors (TPMS) are refined versions of traditional TPMS sensors that offer more than simple pressure readings. These sensors are specifically designed to provide real-time, precise, and multi-parameter data regarding tire health and performance. For instance, in September 2023, Infineon Technologies AG, a semiconductor manufacturer based in Germany, launched its XENSIV SP49 tire pressure monitoring sensor. The SP49 integrates microelectromechanical systems (MEMS) sensors and application-specific integrated circuit (ASIC) technology to enable smart tire functions such as auto-position sensing, tire inflation assistance, blowout detection, and load monitoring. It features a 32-bit Arm M0+ core, extensive memory capacity, and low-power monitoring, making it suitable for both conventional and electric vehicles. This particular innovation helps to reduce emissions, extend tire life, and improve road safety through direct integration with the tire pressure monitoring system.
Advanced Tire Pressure Monitoring System Market Leading Companies: Who Holds Significant Market Presence?
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 Analysis: Which Region Leads By Revenue?
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.