Global Automotive Tire Pressure Monitoring Overview
A tire pressure monitoring system is an electronic system in your vehicle that monitors your tire air pressure and alerts you when it gets dangerously low. Tire pressure monitoring system notifies you when your vehicle's tire pressure is low or flat. By helping you maintain proper tire pressure, TPMS can increase your road safety by improving your vehicle's handling, reducing tire wear, shortening braking distances, and improving fuel economy. A tire pressure monitoring system can improve vehicle safety and fuel economy by reducing CO² emissions. These systems are encouraged by government regulations around the world, along with deflated tires for consistent ride quality. There are two types of TPMS systems in your vehicle's framework, direct and indirect. Your vehicle's direct TPMS uses sensors located in the wheels, this TPMS measures the air pressure of each tire. A tire pressure monitoring system measures the pressure directly in the tire, transmits the reading, and displays it. The driver is alerted to critical conditions by means of relevant signals. Rising consumer preference for advanced driver assistance systems is expected to act as a major factor for the growth of the automotive TPMS market. Further, the increase in sales of luxury vehicles with tire pressure monitoring system in their safety features is expected to fuel the growth of automotive TPMS during the upcoming year. The automotive industry is introducing features that reduce the impact of collisions, reduce fatalities, and improve overall vehicle safety, thereby fueling the growth of the automotive TPMS market over the forecast period.
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Attributes |
Details |
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Automotive Tire Pressure Monitoring System Market Value (2022) |
US$ 6.3 Bn |
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Automotive Tire Pressure Monitoring System Market Projected Value(2032) |
US$ 16.19 Bn |
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Automotive Tire Pressure Monitoring System Market CAGR (2022-2032) |
9.9% |
Global Automotive Tire Pressure Monitoring Dynamics
Adoption of pressure sensor and high cost of sensor
The adoption of pressure sensors to detect, measure and transmit information that helps in analyzing vehicle performance through the device drives the global market. The automotive industry is dependent on achieving high fuel economy to reduce costs and demonstrate the economic impact of appropriate sensor enhancements. Changing technology and high prices will act as restraints for the market. And also, enhanced road safety and improved driving experience provided by automotive TPMS are some of the major factors driving the market growth. However, the high cost of sensors used in automotive TPMS is a major factor hindering the growth of the market.
Technological advancement
Demand for tires focused on upgrading existing technology to improve traction, safety and mileage. Increasing consumer preference for advanced driver-assistance systems (ADASs) for enhanced safety on the road is fueling the market growth. Various technological advancements, such as integration of energy storage and display systems to provide information about vehicle health, are acting as other growth-inducing factors. In September 2022, Tata Motors makes India’s trucks smarter, safer and more efficient. The industry leader has created new paradigms of functionality, productivity, connectivity, security and efficiency by continuously introducing future-ready products, services and solutions. The trucks we are launching today address the growing need for safer transportation with Advanced Driver Assistance Systems (ADAS) that offer collision mitigation systems, lane departure warning, electronic stability control, driver alerts and tire pressure monitoring.
Global Automotive Tire Pressure Monitoring Segmentation
The Automotive Tire Pressure Monitoring System Market is segmented based on type, vehicle type and region.
On the basis of type, the Automotive Tire Pressure Monitoring System Market is segmented into Direct Automotive Tire Pressure Monitoring System and Indirect Automotive Tire Pressure Monitoring System. On the basis of vehicle type, the target market is classified into Passenger car, Light commercial vehicle (LCV), Heavy commercial vehicle (HCV). Direct TPMS is expected to hold the largest market share during the forecast period. Direct TPMS has greatly reduced the amount of handling multiple components through different sizes of printed circuit boards and eliminated the cost of connecting external components. The small size allows suppliers to use one solution in a variety of models. Direct TPMS in heavy-duty tractor/trailer trucks can have 18 or more tires, saving thousands of dollars in fuel and tire servicing costs by maintaining properly inflated tires. Direct TPMS units do not require special tools to program or reset, making them very easy to use.
Regional Insights:
On region the Automotive Tire Pressure Monitoring System Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to hold the largest share of the market during the forecast period. Asia Pacific has identified its key drivers as increasing research and development (R&D) investment, trade openness and FDI. Improved education, infrastructural advancements in the economy, and changes in the regulatory environment could lead to more market opportunities in the region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
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Market Segmentation |
By Type - Direct Automotive Tire Pressure Monitoring System and Indirect Automotive Tire Pressure Monitoring System By Vehicle Type – Passenger car, Light commercial vehicle (LCV), Heavy commercial vehicle (HCV) |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Automotive Tire Pressure Monitoring System Market report based on type, vehicle type, and region:
Automotive Tire Pressure Monitoring System Market, By Type:
- Direct Automotive Tire Pressure Monitoring System
- Indirect Automotive Tire Pressure Monitoring System
Automotive Tire Pressure Monitoring System Market, By Vehicle Type:
- Passenger car
- Light commercial vehicle (LCV)
- Heavy commercial vehicle (HCV)
Automotive Tire Pressure Monitoring System Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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-
- U.S.
- Canada
- Middle East & Africa
Global Automotive Tire Pressure Monitoring Key Players
The key players operating the Automotive Tire Pressure Monitoring System Market includes Denso Corporation, Continental AG, Goodyear Tire & Rubber Company, Hampton Automotive Technology Co. Ltd, Sensata Technologies, ZF Friedrichshafen AG, VALEO, NIRA Dynamics AB, Pacific Industrial Co. Ltd., Huf Hülsbeck & Fürst GmbH & Co. KG. For instance, In September 2022, Sensata Technologies Holding plc (NYSE:ST) Receives Consensus Rating OF “Hold” from Brokersges. sensata Technology operates in two segments, Performance Sensing and Sensing Solutions. The Performance Sensing segment develops and manufactures sensors, high-voltage contactors and other solutions used in mission-critical systems and applications such as tire pressure monitoring, thermal management, electrical protection, regenerative braking, powertrain (engine/transmission) and exhaust Management.
In May 2022, the newly launched Audi A6 2022 model carries an advanced tire pressure monitoring system. This feature has been added in the 2022 model A6, which was unavailable in the 2021 models.
Global Automotive Tire Pressure Monitoring Company Profile
- Denso Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Continental AG
- Goodyear Tire & Rubber Company
- Hampton Automotive Technology Co. Ltd
- VALEO
- NIRA Dynamics AB
- Sensata Technologies Inc.
- Pacific Industrial Co. Ltd.
- ZF Friedrichshafen AG
- Huf Hülsbeck & Fürst GmbH & Co. KG
“*” marked represents similar segmentation in other categories in the respective section
Global Automotive Tire Pressure Monitoring Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Vehicle Type
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Direct Automotive Tire Pressure Monitoring System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Indirect Automotive Tire Pressure Monitoring System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Market Segmentation, By Vehicle Type 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Passenger car
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Light commercial vehicle(LCV)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Heavy commercial vehicle(HCV)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Global Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Vehicle Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Vehicle Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Vehicle Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Vehicle Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Vehicle Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Denso Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Continental AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Goodyear Tire & Rubber Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hampton Automotive Technology Co. Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- VALEO
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NIRA Dynamics AB
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sensata Technologies Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Pacific Industrial Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ZF Friedrichshafen AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Huf Hülsbeck & Fürst GmbH & Co. KG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Automotive Tire Pressure Monitoring System Market is segmented based on type, vehicle type and region.
Enhanced road safety and improved driving experience provided by automotive TPMS are some of the major factors driving the market growth.
Asia Pacific is expected to hold the largest share of the market during the forecast period. Asia Pacific has identified its key drivers as increasing research and development (R&D) investment, trade openness and FDI. Improved education, infrastructural advancements in the economy, and changes in the regulatory environment could lead to more market opportunities in the region.
The key players operating the Automotive Tire Pressure Monitoring System Market includes Denso Corporation, Continental AG, Goodyear Tire & Rubber Company, Hampton Automotive Technology Co. Ltd, ZF Friedrichshafen AG, VALEO, NIRA Dynamics AB, Sensata Technologies Inc., Pacific Industrial Co. Ltd., ZF Friedrichshafen AG, Huf Hülsbeck & Fürst GmbH & Co. KG.