Global Automotive Tire Pressure Monitoring System (TPMS) Market to Cross USD 14 Billion by 2031

Published | 01 May 2025

Global Automotive Tire Pressure Monitoring System (TPMS) Market is booming, primarily due to rising vehicle safety regulations, increasing automotive production, growing awareness about tire safety, and advancements in sensor technologies.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Automotive Tire Pressure Monitoring System (TPMS) Market size by value at USD 7.95 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Global Automotive Tire Pressure Monitoring System (TPMS) Market size to boom at a robust CAGR of 8.45% reaching a value of USD 14.03 billion by 2031. The growth of Automotive Tire Pressure Monitoring System (TPMS) Market across the region is driven by rising safety concerns, stringent government regulations mandating TPMS in vehicles, and growing awareness about fuel efficiency. Increasing automotive production, especially in emerging economies, and the demand for advanced driver-assistance systems (ADAS) further fuel the market growth. The rise in electric vehicle adoption and the need to reduce vehicular emissions contribute to TPMS integration. Additionally, consumer preference for enhanced vehicle performance and real-time monitoring systems supports market expansion. Technological advancements such as sensor miniaturization and wireless systems are also accelerating TPMS adoption across passenger and commercial vehicles globally.

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Opportunity – Expansion of IoT-enabled TPMS Solutions

The growth of Global Automotive Tire Pressure Monitoring System (TPMS) Market is significantly driven by the expansion of IoT-enabled solutions. The advanced TPMS systems integrate with vehicles' IoT networks, offering real-time monitoring and alerts on tire conditions, enhancing safety and reducing maintenance costs. IoT-enabled TPMS can transmit data to mobile apps or central systems, enabling predictive maintenance and improved vehicle performance. As the automotive industry increasingly embraces connected vehicle technologies and smart solutions, the demand for IoT-integrated TPMS is expected to rise, supporting market expansion and enhancing consumer convenience.

Passenger Vehicles Segment Dominates Global TPMS Market ​

The passenger vehicles segment is the largest in Global Automotive Tire Pressure Monitoring System (TPMS) Market. The segment holds the major market share, due to the widespread adoption of TPMS in passenger cars for enhanced safety, regulatory requirements, and technological advancements. The growing demand for advanced safety features in vehicles, coupled with increased awareness about tire-related accidents, has further propelled the growth of the passenger cars segment in Global TPMS Market.

Impact of Escalating Geopolitical Tensions on Global Automotive Tire Pressure Monitoring System (TPMS) Market

​Escalating geopolitical tensions could disrupt the growth of Global Automotive Tire Pressure Monitoring System (TPMS) Market by affecting supply chains, particularly in regions with manufacturing hubs or key raw materials. Trade restrictions, tariffs, and instability in major markets could hinder the production and distribution of TPMS components. Additionally, fluctuating oil prices, driven by geopolitical conflicts, may impact vehicle manufacturing and consumer demand for vehicles with advanced safety features, including TPMS. The market may also experience price volatility, increased costs for manufacturers, and delayed product launches, ultimately affecting growth and market dynamics.

Competitive Landscape

Global Automotive Tire Pressure Monitoring System (TPMS) Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Continental AG, Sensata Technologies, Schrader Electronics, Huf Hülsbeck & Fürst GmbH & Co. KG, Pacific Industrial Co., Ltd, Denso Corporation, NIRA Dynamics AB, ZF Friedrichshafen AG, Bendix Commercial Vehicle Systems, WABCO Holdings Inc., and Bartec USA LLC. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Global Automotive Tire Pressure Monitoring System (TPMS) Market.

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The report's in-depth analysis provides information about growth potential, upcoming trends, and Global Automotive Tire Pressure Monitoring System (TPMS) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Automotive Tire Pressure Monitoring System (TPMS) Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

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