Tire Pressure Monitoring System Market Size, Trends and Insights By Type (Direct Tire Pressure Monitoring System, Indirect Tire Pressure Monitoring System), By Sales Channel (OEM, Aftermarket), By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Propulsion (ICE, Electric and Hybrid, Alternate fuel Vehicle), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Continental AG
- Delphi Technologies (BorgWarner Inc.)
- Denso Corporation
- Hamaton Automotive Technology Co. Ltd.
- Others
Reports Description
As per the current market research conducted by CMI Team, the global Tire Pressure Monitoring System Market is expected to record a CAGR of 9.2% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 5.55 billion. By 2032, the valuation is anticipated to reach USD 14.55 billion.
The TPMS market encompasses various types of systems, including direct TPMS and indirect TPMS:
- Direct TPMS: This system uses pressure sensors mounted inside each tire to measure air pressure. The sensors transmit data to a central control unit, which then alerts the driver through a dashboard display or warning light if any tire’s pressure drops below a predefined level.
- Indirect TPMS: This system estimates tire pressure based on other vehicle parameters like wheel speed, anti-lock brake system (ABS), and traction control sensors. It may not be as accurate as direct TPMS but is a more cost-effective solution.
The TPMS market has been driven by several factors, including government regulations mandating TPMS installations in new vehicles to enhance road safety, the growing awareness of the importance of proper tire maintenance, and the increasing adoption of advanced automotive safety technologies.
Additionally, with the rise of connected car technology, TPMS systems can be integrated with other vehicle systems, enabling more sophisticated data analysis and predictive maintenance features.
The market has seen significant growth in recent years, with various companies manufacturing and supplying TPMS components and systems to automobile manufacturers and aftermarket channels. The industry is competitive and continues to evolve as new technological advancements and integration possibilities emerge.
Tire Pressure Monitoring System Market – Significant Growth Factors
- Government Regulations: Many countries have implemented regulations mandating the installation of TPMS in all new vehicles. These regulations aim to enhance road safety by reducing accidents caused by underinflated or overinflated tires. Compliance with such regulations has driven the widespread adoption of TPMS in the automotive industry.
- Increasing Focus on Vehicle Safety: Vehicle safety has become a paramount concern for both consumers and governments. TPMS helps prevent accidents caused by tire-related issues, such as blowouts or loss of control due to underinflated tires. As safety features become more critical in vehicle design, TPMS has seen greater demand.
- Growing Awareness of Tire Maintenance: The awareness of the importance of maintaining proper tire pressure has increased among vehicle owners. TPMS helps drivers to be proactive about tire maintenance by alerting them when tire pressure drops below a safe threshold. Maintaining the correct tire pressure improves fuel efficiency, tire longevity, and overall vehicle performance.
- Advancements in TPMS Technology: TPMS technology has evolved over the years, becoming more accurate, reliable, and cost-effective. Advancements in sensor technology, wireless communication, and data processing have contributed to the growth of the TPMS market.
- Rising Adoption of Connected Car Technology: The rise of connected car technology has enabled TPMS systems to be integrated with other vehicle systems. This integration allows for more advanced data analysis, predictive maintenance capabilities, and seamless user experiences, further driving the demand for TPMS solutions.
- Increasing Automotive Production: The global automotive industry has been expanding, with growing vehicle production and sales in various regions. As more vehicles are manufactured, the demand for TPMS systems as a standard feature has increased accordingly.
- Aftermarket Opportunities: Apart from OEM installations, there is a significant market for aftermarket TPMS systems. Many vehicle owners retrofit their cars with TPMS kits to enhance safety, especially in older vehicles that do not come with built-in TPMS.
- Environmental Concerns: Properly inflated tires improve fuel efficiency and reduce greenhouse gas emissions. With increasing environmental concerns and a focus on sustainable practices, the adoption of TPMS to promote proper tire maintenance aligns with eco-friendly initiatives.
Tire Pressure Monitoring System Market – Mergers and Acquisitions
- Continental AG’s Acquisition of VDO Automotive: In 2007, Continental AG, a German automotive manufacturing company, acquired Siemens VDO Automotive, which was a major supplier of automotive electronics and components, including TPMS systems. This acquisition strengthened Continental’s position in the automotive electronics market and expanded its portfolio of safety and sensor technologies.
- ZF Friedrichshafen AG’s Acquisition of TRW Automotive: In 2015, ZF Friedrichshafen AG, a German automotive supplier, completed the acquisition of TRW Automotive, an American company known for producing various automotive systems, including TPMS. The acquisition positioned ZF as a global leader in the automotive industry and expanded its product offerings in safety and electronics.
- Sensata Technologies Acquisition of Schrader International: In 2014, Sensata Technologies, a global industrial technology company, acquired Schrader International, a leading manufacturer of tire pressure monitoring sensors. The acquisition allowed Sensata to strengthen its automotive sensor portfolio and capitalize on the growing TPMS market.
- Huf Hülsbeck & Fürst GmbH & Co. KG’s Acquisition of BERU TPMS: In 2012, Huf Hülsbeck & Fürst GmbH & Co. KG, a German automotive supplier specializing in TPMS solutions, acquired BERU TPMS, a division of BorgWarner, which was also involved in manufacturing TPMS products. This acquisition expanded Huf’s market presence and product range in the TPMS segment.
- Pacific Industrial Co. Ltd.’s Acquisition of Orange Electronic: In 2014, Pacific Industrial Co. Ltd., a Taiwanese company, acquired Orange Electronic, a manufacturer of aftermarket TPMS products and solutions. The acquisition allowed Pacific Industrial to strengthen its position in the aftermarket TPMS segment.
- Continental AG’s Acquisition of Kathrein Automotive: In 2019, Continental AG acquired Kathrein Automotive, a division of the Kathrein Group, which was a key player in automotive antenna and connectivity solutions. The acquisition further bolstered Continental’s capabilities in connected car technologies, which could be integrated with TPMS systems.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Tire Pressure Monitoring System Market | Tire Recycling Market | Tyre Bead Wire Market |
| CAGR 9.2% (Approx) | CAGR 3.7% (Approx) | CAGR 8.53% (Approx) |
| USD 14.55 Billion by 2032 | USD 8.32 Billion by 2032 | USD 1398.17 Million by 2030 |
Tire Pressure Monitoring System Market – Significant Threats
- Counterfeit and Low-Quality Products: The TPMS market has experienced the presence of counterfeit and low-quality TPMS products, especially in the aftermarket segment. These products may not meet safety and performance standards, leading to inaccurate readings or system failures. Counterfeit products can erode consumer trust and pose safety risks, potentially damaging the reputation of legitimate TPMS manufacturers.
- Cybersecurity Concerns: With the increasing integration of TPMS systems into connected car technologies, there are potential cybersecurity risks. As TPMS systems communicate wirelessly and exchange data with other vehicle systems, they could be vulnerable to hacking and unauthorized access. A cybersecurity breach could compromise vehicle safety and put the occupants at risk.
- Price Sensitivity: The TPMS market has become increasingly price-sensitive, especially in the aftermarket segment. Consumers may opt for lower-priced TPMS solutions, including those from unknown brands, which may not meet quality and performance standards. This price sensitivity can lead to a competitive pricing environment, affecting the profitability of established TPMS manufacturers.
- Evolving Automotive Technologies: As vehicles become more advanced, new technologies and solutions may emerge to address tire pressure monitoring and other safety concerns. These technologies could potentially offer competitive alternatives to traditional TPMS systems. TPMS manufacturers must continually innovate and adapt to stay relevant in the rapidly changing automotive industry.
- Regulatory Changes: While government regulations have driven the adoption of TPMS in many countries, changes in regulations or delays in their implementation could impact the market. Any relaxation or removal of TPMS mandates could affect the demand for TPMS systems, especially in regions where they were previously required.
- Sensor Battery Life and Maintenance: TPMS sensors are equipped with batteries that have a limited lifespan. As vehicles age, the sensor batteries may require replacement, and the cost of sensor maintenance could be a concern for some vehicle owners. Ensuring the longevity and ease of maintenance of TPMS sensors is essential to sustain consumer interest in the technology.
- Limited Retrofitting Opportunities: While aftermarket TPMS solutions exist for retrofitting older vehicles, the process may be complex or expensive in some cases. Limited retrofitting opportunities can slow the adoption of TPMS in older vehicles, where the technology could improve safety.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 6.45 Billion |
| Projected Market Size in 2032 | USD 14.55 Billion |
| Market Size in 2022 | USD 5.55 Billion |
| CAGR Growth Rate | 9.2% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Sales Channel, Vehicle Type, Propulsion and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Category-Wise Insights
Direct Tire Pressure Monitoring System (Direct TPMS):
Direct TPMS uses pressure sensors mounted inside each tire to measure the air pressure of individual tires. The sensors transmit real-time data to a central control unit, which processes the information and alerts the driver if any tire pressure falls below a predefined threshold. Direct TPMS offers accurate and precise monitoring of tire pressure and is commonly used in modern vehicles.
Advantages of Direct TPMS:
- Highly accurate and reliable tire pressure measurements.
- Provides real-time monitoring of individual tire pressures.
- Offers more precise alerts and warnings to the driver.
Indirect Tire Pressure Monitoring System (Indirect TPMS):
Indirect TPMS estimates tire pressure by monitoring other vehicle parameters, such as wheel speed and ABS sensor data. It relies on the principle that underinflated tires have a different rolling circumference, leading to variations in wheel speed. The system compares the speed of individual wheels to detect potential tire pressure issues.
Advantages of Indirect TPMS:
- Lower cost compared to direct TPMS.
- Simplified installation and maintenance.
Tire Pressure Monitoring System Market – Regional Analysis
North America:
- North America, comprising the United States and Canada, has been a significant market for TPMS due to strict safety regulations. The United States, in particular, mandated TPMS in all new passenger vehicles in 2007. The presence of a large automotive industry and high consumer awareness of safety technologies contributed to the market’s growth. The aftermarket segment is also significant in this region, as TPMS retrofitting is common for older vehicles.
Europe:
- Europe is another prominent market for TPMS, driven by the region’s stringent safety regulations. The European Union implemented a law mandating TPMS installation in all new passenger vehicles in November 2014. European customers prioritize safety features, leading to a higher adoption rate of TPMS. Countries like Germany, the UK, and France have significant contributions to the market.
Asia-Pacific:
- The Asia-Pacific region has witnessed substantial growth in the TPMS market due to the increasing adoption of automotive safety technologies and the expanding automotive industry. Countries like China, Japan, South Korea, and India have emerged as key players in the market. The rising disposable income, growing vehicle sales, and increasing awareness of road safety have contributed to the demand for TPMS in this region.
Latin America:
- Latin America has shown moderate growth in the TPMS market. Brazil, Mexico, and Argentina are some of the countries where TPMS adoption has been relatively higher due to regulatory initiatives and increasing safety awareness. However, economic fluctuations in the region have influenced market dynamics.
Middle East and Africa:
- The TPMS market in the Middle East and Africa is relatively smaller compared to other regions. However, the market has been steadily growing, driven by increasing vehicle sales, infrastructure development, and growing awareness of road safety. Countries like the United Arab Emirates and South Africa have shown significant potential for TPMS adoption.
Rest of the World:
- Smaller regions, not covered in the previous categories, fall under the “Rest of the World” segment. The TPMS market in these regions can vary significantly depending on factors such as economic conditions, regulatory environment, and consumer preferences.
List of the prominent players in the Tire Pressure Monitoring System Market:
- Continental AG
- Delphi Technologies (BorgWarner Inc.)
- Denso Corporation
- Hamaton Automotive Technology Co. Ltd.
- Hampton Auto Repair
- Hitachi Astemo Ltd.
- Huf Hülsbeck & Fürst GmbH & Co. KG
- InnotechRV (WiPath Communications LLC.)
- NIRA Dynamics AB
- Orange Electronic Co. Ltd.
- Pacific Industrial Co. Ltd.
- Renesas Electronics Corporation
- Robert Bosch GmbH
- Sensata Technologies Inc.
- The Goodyear Tire & Rubber Company
- Valeo
- ZF Friedrichshafen AG
- Others
The Tire Pressure Monitoring System Market is segmented as follows:
By Type
- Direct Tire Pressure Monitoring System
- Indirect Tire Pressure Monitoring System
By Sales Channel
- OEM
- Aftermarket
By Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Propulsion
- ICE
- Electric and Hybrid
- Alternate fuel Vehicle
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Tire Pressure Monitoring System Market, (2024 – 2033) (USD Billion)
- 2.2 Global Tire Pressure Monitoring System Market : snapshot
- Chapter 3. Global Tire Pressure Monitoring System Market – Industry Analysis
- 3.1 Tire Pressure Monitoring System Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Government Regulations
- 3.2.2 Increasing Focus on Vehicle Safety
- 3.2.3 Growing Awareness of Tire Maintenance
- 3.2.4 Advancements in TPMS Technology
- 3.2.5 Rising Adoption of Connected Car Technology
- 3.2.6 Increasing Automotive Production
- 3.2.7 Aftermarket Opportunities
- 3.2.8 Environmental Concerns.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Sales Channel
- 3.7.3 Market attractiveness analysis By Vehicle Type
- 3.7.4 Market attractiveness analysis By Propulsion
- Chapter 4. Global Tire Pressure Monitoring System Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Tire Pressure Monitoring System Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Tire Pressure Monitoring System Market – Type Analysis
- 5.1 Global Tire Pressure Monitoring System Market overview: By Type
- 5.1.1 Global Tire Pressure Monitoring System Market share, By Type, 2022 and – 2033
- 5.2 Direct Tire Pressure Monitoring System
- 5.2.1 Global Tire Pressure Monitoring System Market by Direct Tire Pressure Monitoring System, 2024 – 2033 (USD Billion)
- 5.3 Indirect Tire Pressure Monitoring System
- 5.3.1 Global Tire Pressure Monitoring System Market by Indirect Tire Pressure Monitoring System, 2024 – 2033 (USD Billion)
- 5.1 Global Tire Pressure Monitoring System Market overview: By Type
- Chapter 6. Global Tire Pressure Monitoring System Market – Sales Channel Analysis
- 6.1 Global Tire Pressure Monitoring System Market overview: By Sales Channel
- 6.1.1 Global Tire Pressure Monitoring System Market share, By Sales Channel, 2022 and – 2033
- 6.2 OEM
- 6.2.1 Global Tire Pressure Monitoring System Market by OEM, 2024 – 2033 (USD Billion)
- 6.3 Aftermarket
- 6.3.1 Global Tire Pressure Monitoring System Market by Aftermarket, 2024 – 2033 (USD Billion)
- 6.1 Global Tire Pressure Monitoring System Market overview: By Sales Channel
- Chapter 7. Global Tire Pressure Monitoring System Market – Vehicle Type Analysis
- 7.1 Global Tire Pressure Monitoring System Market overview: By Vehicle Type
- 7.1.1 Global Tire Pressure Monitoring System Market share, By Vehicle Type, 2022 and – 2033
- 7.2 Passenger Vehicles
- 7.2.1 Global Tire Pressure Monitoring System Market by Passenger Vehicles, 2024 – 2033 (USD Billion)
- 7.3 Light Commercial Vehicles
- 7.3.1 Global Tire Pressure Monitoring System Market by Light Commercial Vehicles, 2024 – 2033 (USD Billion)
- 7.4 Heavy Commercial Vehicles
- 7.4.1 Global Tire Pressure Monitoring System Market by Heavy Commercial Vehicles, 2024 – 2033 (USD Billion)
- 7.1 Global Tire Pressure Monitoring System Market overview: By Vehicle Type
- Chapter 8. Global Tire Pressure Monitoring System Market – Propulsion Analysis
- 8.1 Global Tire Pressure Monitoring System Market overview: By Propulsion
- 8.1.1 Global Tire Pressure Monitoring System Market share, By Propulsion, 2022 and – 2033
- 8.2 ICE
- 8.2.1 Global Tire Pressure Monitoring System Market by ICE, 2024 – 2033 (USD Billion)
- 8.3 Electric and Hybrid
- 8.3.1 Global Tire Pressure Monitoring System Market by Electric and Hybrid, 2024 – 2033 (USD Billion)
- 8.4 Alternate fuel Vehicle
- 8.4.1 Global Tire Pressure Monitoring System Market by Alternate fuel Vehicle, 2024 – 2033 (USD Billion)
- 8.1 Global Tire Pressure Monitoring System Market overview: By Propulsion
- Chapter 9. Tire Pressure Monitoring System Market – Regional Analysis
- 9.1 Global Tire Pressure Monitoring System Market Regional Overview
- 9.2 Global Tire Pressure Monitoring System Market Share, by Region, 2022 & – 2033 (USD Billion)
- 9.3. North America
- 9.3.1 North America Tire Pressure Monitoring System Market, 2024 – 2033 (USD Billion)
- 9.3.1.1 North America Tire Pressure Monitoring System Market, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 North America Tire Pressure Monitoring System Market, 2024 – 2033 (USD Billion)
- 9.4 North America Tire Pressure Monitoring System Market, by Type, 2024 – 2033
- 9.4.1 North America Tire Pressure Monitoring System Market, by Type, 2024 – 2033 (USD Billion)
- 9.5 North America Tire Pressure Monitoring System Market, by Sales Channel, 2024 – 2033
- 9.5.1 North America Tire Pressure Monitoring System Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 9.6 North America Tire Pressure Monitoring System Market, by Vehicle Type, 2024 – 2033
- 9.6.1 North America Tire Pressure Monitoring System Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 9.7 North America Tire Pressure Monitoring System Market, by Propulsion, 2024 – 2033
- 9.7.1 North America Tire Pressure Monitoring System Market, by Propulsion, 2024 – 2033 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Tire Pressure Monitoring System Market, 2024 – 2033 (USD Billion)
- 9.8.1.1 Europe Tire Pressure Monitoring System Market, by Country, 2024 – 2033 (USD Billion)
- 9.8.1 Europe Tire Pressure Monitoring System Market, 2024 – 2033 (USD Billion)
- 9.9 Europe Tire Pressure Monitoring System Market, by Type, 2024 – 2033
- 9.9.1 Europe Tire Pressure Monitoring System Market, by Type, 2024 – 2033 (USD Billion)
- 9.10 Europe Tire Pressure Monitoring System Market, by Sales Channel, 2024 – 2033
- 9.10.1 Europe Tire Pressure Monitoring System Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 9.11 Europe Tire Pressure Monitoring System Market, by Vehicle Type, 2024 – 2033
- 9.11.1 Europe Tire Pressure Monitoring System Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 9.12 Europe Tire Pressure Monitoring System Market, by Propulsion, 2024 – 2033
- 9.12.1 Europe Tire Pressure Monitoring System Market, by Propulsion, 2024 – 2033 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Tire Pressure Monitoring System Market, 2024 – 2033 (USD Billion)
- 9.13.1.1 Asia Pacific Tire Pressure Monitoring System Market, by Country, 2024 – 2033 (USD Billion)
- 9.13.1 Asia Pacific Tire Pressure Monitoring System Market, 2024 – 2033 (USD Billion)
- 9.14 Asia Pacific Tire Pressure Monitoring System Market, by Type, 2024 – 2033
- 9.14.1 Asia Pacific Tire Pressure Monitoring System Market, by Type, 2024 – 2033 (USD Billion)
- 9.15 Asia Pacific Tire Pressure Monitoring System Market, by Sales Channel, 2024 – 2033
- 9.15.1 Asia Pacific Tire Pressure Monitoring System Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 9.16 Asia Pacific Tire Pressure Monitoring System Market, by Vehicle Type, 2024 – 2033
- 9.16.1 Asia Pacific Tire Pressure Monitoring System Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 9.17 Asia Pacific Tire Pressure Monitoring System Market, by Propulsion, 2024 – 2033
- 9.17.1 Asia Pacific Tire Pressure Monitoring System Market, by Propulsion, 2024 – 2033 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Tire Pressure Monitoring System Market, 2024 – 2033 (USD Billion)
- 9.18.1.1 Latin America Tire Pressure Monitoring System Market, by Country, 2024 – 2033 (USD Billion)
- 9.18.1 Latin America Tire Pressure Monitoring System Market, 2024 – 2033 (USD Billion)
- 9.19 Latin America Tire Pressure Monitoring System Market, by Type, 2024 – 2033
- 9.19.1 Latin America Tire Pressure Monitoring System Market, by Type, 2024 – 2033 (USD Billion)
- 9.20 Latin America Tire Pressure Monitoring System Market, by Sales Channel, 2024 – 2033
- 9.20.1 Latin America Tire Pressure Monitoring System Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 9.21 Latin America Tire Pressure Monitoring System Market, by Vehicle Type, 2024 – 2033
- 9.21.1 Latin America Tire Pressure Monitoring System Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 9.22 Latin America Tire Pressure Monitoring System Market, by Propulsion, 2024 – 2033
- 9.22.1 Latin America Tire Pressure Monitoring System Market, by Propulsion, 2024 – 2033 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Tire Pressure Monitoring System Market, 2024 – 2033 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Tire Pressure Monitoring System Market, by Country, 2024 – 2033 (USD Billion)
- 9.23.1 The Middle-East and Africa Tire Pressure Monitoring System Market, 2024 – 2033 (USD Billion)
- 9.24 The Middle-East and Africa Tire Pressure Monitoring System Market, by Type, 2024 – 2033
- 9.24.1 The Middle-East and Africa Tire Pressure Monitoring System Market, by Type, 2024 – 2033 (USD Billion)
- 9.25 The Middle-East and Africa Tire Pressure Monitoring System Market, by Sales Channel, 2024 – 2033
- 9.25.1 The Middle-East and Africa Tire Pressure Monitoring System Market, by Sales Channel, 2024 – 2033 (USD Billion)
- 9.26 The Middle-East and Africa Tire Pressure Monitoring System Market, by Vehicle Type, 2024 – 2033
- 9.26.1 The Middle-East and Africa Tire Pressure Monitoring System Market, by Vehicle Type, 2024 – 2033 (USD Billion)
- 9.27 The Middle-East and Africa Tire Pressure Monitoring System Market, by Propulsion, 2024 – 2033
- 9.27.1 The Middle-East and Africa Tire Pressure Monitoring System Market, by Propulsion, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Continental AG
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Delphi Technologies (BorgWarner Inc.)
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Denso Corporation
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Hamaton Automotive Technology Co. Ltd.
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Hampton Auto Repair
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Hitachi Astemo Ltd.
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Huf Hülsbeck & Fürst GmbH & Co. KG
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 InnotechRV (WiPath Communications LLC.)
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 NIRA Dynamics AB.
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Pacific Industrial Co. Ltd.
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Renesas Electronics Corporation
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Robert Bosch GmbH
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Sensata Technologies Inc.
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 The Goodyear Tire & Rubber Company
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Valeo
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 ZF Friedrichshafen AG
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.17 Orange Electronic Co. Ltd.
- 10.17.1 Overview
- 10.17.2 Financials
- 10.17.3 Product Portfolio
- 10.17.4 Business Strategy
- 10.17.5 Recent Developments
- 10.1 Continental AG
List Of Figures
Figures No 1 to 28
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
Prominent Players
- Continental AG
- Delphi Technologies (BorgWarner Inc.)
- Denso Corporation
- Hamaton Automotive Technology Co. Ltd.
- Hampton Auto Repair
- Hitachi Astemo Ltd.
- Huf Hülsbeck & Fürst GmbH & Co. KG
- InnotechRV (WiPath Communications LLC.)
- NIRA Dynamics AB
- Orange Electronic Co. Ltd.
- Pacific Industrial Co. Ltd.
- Renesas Electronics Corporation
- Robert Bosch GmbH
- Sensata Technologies Inc.
- The Goodyear Tire & Rubber Company
- Valeo
- ZF Friedrichshafen AG
- Others
FAQs
The key factors driving the Market are Government Regulations, Increasing Focus on Vehicle Safety, Growing Awareness of Tire Maintenance, Advancements in TPMS Technology, Rising Adoption of Connected Car Technology, Increasing Automotive Production, Aftermarket Opportunities And Environmental Concerns.
The “Vehicle Type” category dominated the market in 2022.
The key players in the market are Continental AG, Delphi Technologies (BorgWarner Inc.), Denso Corporation, Hamaton Automotive Technology Co. Ltd., Hampton Auto Repair, Hitachi Astemo Ltd., Huf Hülsbeck & Fürst GmbH & Co. KG, InnotechRV (WiPath Communications LLC.), NIRA Dynamics AB. Orange Electronic Co. Ltd., Pacific Industrial Co. Ltd., Renesas Electronics Corporation, Robert Bosch GmbH, Sensata Technologies Inc., The Goodyear Tire & Rubber Company, Valeo, ZF Friedrichshafen AG, Others.
“North America” had the largest share in the Tire Pressure Monitoring System Market.
The global market is projected to grow at a CAGR of 9.2% during the forecast period, 2023-2032.
The Tire Pressure Monitoring System Market size was valued at USD 5.55 Billion in 2022.