Advanced Tire Pressure Monitoring System Market Valued to Reach USD $7.08 Billion by 2029 at 7.6% CAGR

 Get 20% Off Market Intelligence Reports With Code ONLINE20 — Track Global Tariffs, Economic Shifts, and Sector Transformations

 

 What Will Be the Forecast Market Size of the Global Advanced Tire Pressure Monitoring System Market by 2029?
 The advanced tire pressure monitoring system market size has grown strongly in recent years. It will grow from $4.91 billion in 2024 to $5.3 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to government regulations mandating tire pressure monitoring systems (TPMS), rising vehicle safety awareness, growth in passenger vehicle sales, increasing automotive production, and rising demand for fuel efficiency.
 
 The advanced tire pressure monitoring system market size is expected to see strong growth in the next few years. It will grow to $7.09 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rising adoption in commercial vehicles, growing focus on predictive maintenance, expansion of electric and autonomous vehicles, rising tire replacement demand, and growing aftermarket demand for tire pressure monitoring systems (TPMS). Major trends in the forecast period include shift toward real-time monitoring, integration with telematics platforms, focus on wireless and app-based tire pressure monitoring system solutions, miniaturization of sensors, and cloud-based data analytics in tire pressure monitoring systems.
 
 Claim your free report sample now:
 https://www.thebusinessresearchcompany.com/sample.aspx?id=24864&type=smp
 
 What Are the Leading Growth Factors in the Advanced Tire Pressure Monitoring System Market?
 The increase in vehicle production and sales is expected to propel the growth of the advanced tire pressure monitoring system (TPMS) market going forward. Vehicle production and sales refer to the manufacturing and distribution of motor vehicles, including passenger cars, commercial vehicles, and electric vehicles. As the automotive industry shifts toward smart and connected vehicles, TPMS is evolving to include wireless connectivity, real-time alerts, and integration with onboard diagnostic systems, which adds value and spurs innovation in the market. For instance, in May 2024, according to the International Organization of Motor Vehicle Manufacturers (OICA), a France-based international trade association for the automotive industry, global vehicle production reached over 93.5 million units in 2023, an increase of 10% compared to 2022. Therefore, the rise in vehicle production and sales is driving growth in the advanced tire pressure monitoring system market.
 
 Which Segment Offers the Highest Growth Opportunities in the Advanced Tire Pressure Monitoring System Market?
 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
 
 What Are the Notable Trends in the Advanced Tire Pressure Monitoring System Market by Product, Application, and Region?
 Major companies operating in the advanced tire pressure monitoring system (TPMS) market are focusing on developing intelligent tire pressure monitoring sensors to improve vehicle safety, fuel efficiency, and performance. Intelligent Tire Pressure Monitoring Sensors (TPMS) are advanced versions of traditional TPMS sensors that go beyond simply measuring tire pressure. These sensors are designed to provide real-time, precise, and multi-parameter data about tire health and performance. For instance, in September 2023, Infineon Technologies AG, a Germany-based semiconductor manufacturer, launched the XENSIV SP49 tire pressure monitoring sensor. The SP49 integrates microelectromechanical systems (MEMS) sensors and application-specific integrated circuit (ASIC) technology to support smart tire functions, such as auto-position sensing, tire inflation assistance, blowout detection, and load monitoring. It features a 32-bit Arm M0+ core, large memory capacity, and low-power monitoring, making it suitable for both conventional and electric vehicles. This innovation helps reduce emissions, improve tire life, and enhance road safety through direct tire pressure monitoring system integration.
 
 Who Are the Leading Companies in the Advanced Tire Pressure Monitoring System Industry by Revenue?
 Major companies operating in the advanced tire pressure monitoring system market are 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., TVS Motor Company 
 
 Get the full advanced tire pressure monitoring system market report here:
 https://www.thebusinessresearchcompany.com/report/advanced-tire-pressure-monitoring-system-global-market-report
 
 What Are the Regional Opportunities for Investment in the Advanced Tire Pressure Monitoring System Market?
 North America was the largest region in the advanced tire pressure monitoring system market in 2024. 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 are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
 
 Contact Us:
 
 The Business Research Company 
 
 https://thebusinessresearchcompany.com/ 
 
 Americas +1 310–496–7795
 Asia +44 7882 955267 & +91 8897263534
 Europe +44 7882 955267 
 
 Email: info@tbrc.info 
 
 
 Follow Us On:
 
 LinkedIn: https://in.linkedin.com/company/the-business-research-company