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Tire Pressure Monitoring System (TPMS) Market Size - By Type, By Vehicle, By Component, By Sales Channel, By Technology Depth, Growth Forecast, 2025 - 2034
Report ID: GMI6466
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Published Date: August 2025
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Report Format: PDF
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Authors: Preeti Wadhwani, Satyam Jaiswal
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Base Year: 2024
Companies covered: 29
Tables & Figures: 180
Countries covered: 25
Pages: 240
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Tire Pressure Monitoring System (TPMS) Market
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Tire Pressure Monitoring System Market Size
The global tire pressure monitoring system (TPMS) market size was estimated at USD 8.2 billion in 2024. The market is expected to grow from USD 8.9 billion in 2025 to USD 24.2 billion in 2034, at a CAGR of 11.7%.
28% Market Share
Collective market share in 2024 is Collective Market Share is 47%
Tire Pressure Monitoring System Market Trends
Tire Pressure Monitoring System Market Analysis
Based on type, the tire pressure monitoring system market is divided into direct TPMS and indirect TPMS. Direct TPMS segment dominated the TPMS market accounting for around 65% in 2024 and is expected to grow at a CAGR of over 11% from 2025 to 2034.
Based on vehicles, the tire pressure monitoring system market is segmented into passenger cars, commercial vehicles, and electric vehicles. The passenger cars segment dominates the market with 75% share in 2024, and the segment is expected to grow at a CAGR of around 12% from 2025 to 2034.
Based on components, the tire pressure monitoring system market is segmented into sensors, electronic control units (ECU), antenna, TPM warning light, and transceiver. The sensors segment dominates over 53% of the TPMS market, driven by demand for accurate, durable, and connected solutions.
Based on sales channel, the tire pressure monitoring system market is divided into OEM and aftermarket. OEM segment dominated the market accounting for around 69% in 2024 and is expected to grow at a CAGR of over 12% from 2025 to 2034.
The US dominated the tire pressure monitoring system market in North America with around 82% share and generated USD 2.2 billion in revenue in 2024.
The tire pressure monitoring system market in Germany is projected to witness strong and sustained growth from 2025 to 2034, driven by increasing vehicle safety regulations, rising consumer awareness, and the country’s robust automotive manufacturing sector.
The tire pressure monitoring system market in China is expected to experience significant and promising growth from 2025 to 2034.
Tire pressure monitoring system market in UAE is expected to experience significant and promising growth from 2025 to 2034.
The tire pressure monitoring system market in Brazil is expected to experience significant and promising growth from 2025 to 2034.
Tire Pressure Monitoring System Market Share
Tire Pressure Monitoring System Market Companies
Major players operating in the tire pressure monitoring system (TPMS) industry are:
Tire Pressure Monitoring System Industry News
The tire pressure monitoring system (TPMS) market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn) from 2021 to 2034, for the following segments:
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Market, By Type
Market, By Vehicles
Market, By Component
Market, By Sales Channel
Market, By Technology Depth
The above information is provided for the following regions and countries: