Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.35 Billion | USD 13.84 Billion | 8.10% | 2024 |
FrequentlyAsked Questions
Automotive Tire Pressure Monitoring Systems (TPMS) are electronic systems that monitor the air pressure inside pneumatic vehicle tires and alert the driver to any significant pressure changes that could affect safety, fuel efficiency, and tire life.
The automotive tire pressure monitoring system market is expected to be driven by mandatory safety regulations in major automotive markets, increasing consumer awareness about vehicle safety, technological advancements in sensor technology, integration with connected car ecosystems, and growing adoption of electric vehicles requiring specialized tire monitoring.
According to our study, the global automotive tire pressure monitoring system market was worth around USD 6.35 billion in 2024 and is predicted to grow to around USD 13.84 billion by 2034.
The CAGR value of the automotive tire pressure monitoring system market is expected to be around 8.10% during 2025-2034.
The global automotive tire pressure monitoring system market will register the highest growth in North America during the forecast period.
Key players in the automotive tire pressure monitoring system market include Continental AG, ZF Friedrichshafen AG, Sensata Technologies, Pacific Industrial Co., Ltd., Schrader Electronics, Denso Corporation, Huf Hülsbeck and Fürst GmbH and Co. KG, Lear Corporation, NIRA Dynamics AB, WABCO Holdings Inc., Valeo SA, Hamaton Automotive Technology, Bartec USA LLC, Bendix Commercial Vehicle Systems, and Alps Alpine Co., Ltd.
The report comprehensively analyzes the automotive tire pressure monitoring system market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, technological innovations, regulatory impacts, and the evolving vehicle safety landscape shaping the automotive industry.
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