Tire Pressure Monitoring System Market size to cross USD 24.2 billion by 2034

Selbyville, DE. – The global tire pressure monitoring system (TPMS) market was valued at USD 8.2 billion in 2024 and is projected to grow from USD 8.9 billion in 2025 to USD 24.2 billion by 2034, expanding at a CAGR of 11.7%, according to the latest report published by Global Market Insights, Inc. The market growth is fueled by mounting automotive safety regulations, growing consumer awareness, and rising use of smart vehicle technologies.

TPMS is an important safety feature for new vehicles that provides important telemetry data to the operator of the vehicle, which is important to prevent accidents caused by underinflation or overinflation of tires.

Key Insights

Market Size & Growth:

• 2024 Market Size: USD 8.2 billion
• 2025 Market Size: USD 8.9 billion
• 2034 Forecast Market Size: USD 24.2 billion
• CAGR (2025–2034): 11.7% 

Regional Insights:

• Largest Market: North America
• Fastest Growing Market: Asia Pacific
• Emerging Countries: Brazil, Thailand, Mexico, Indonesia

 Key Drivers:

1. Increasing government oversight and legislation regarding vehicle safety: In regions such as, but not limited to, the U.S., Europe, and China, ever-developing legislative frameworks are fostering the more rapid penetration of TPMS by requiring it to be fitted to all new vehicles.
   
2. Increase in production of passenger and commercial vehicles: As the global vehicle production continues to increase, drivers will always be looking for the ability to access real-time information. TPMS data on board, specifically in emerging markets.
   
3. Greater emphasis on fuel economy and tire life: Maintaining correct tire inflation enhances gas mileage and tire life, prompting OEMs and consumers alike to embrace TPMS.
   
4. Expansion of connected and autonomous vehicles: TPMS is becoming an integral part of vehicle telematics systems, supporting the creation of smart mobility solutions.
   

Key Players:

• Continental AG led the market with over 28% share in 2024
  
• Top seven companies in the TPMS industry are Continental, Denso, Sensata Technologies, ZF Friedrichshafen, NXP Semiconductors, Pacific Industrial, and Hella—accounted for approximately 49% of the market in 2024.
  

Key Challenges:

• Costly system price for aftermarket fitment: Retrofitting TPMS in aged vehicles continues to be costly, constraining penetration in price-sensitive markets.
  
• Sensor unit battery limitations: The escalating need for long-life, no-maintenance sensor batteries poses design and performance issues for manufacturers.
  
• Signal interference and reliability: In fully integrated electronic environments, it may not be possible to reliably and accurately transmit real-time pressure data.
  

Browse key industry insights spread across 240 pages with 180 market data tables and figures from the report, “Tire Pressure Monitoring System (TPMS) Market Size - By Type, By Vehicle, By Component, By Sales Channel, By Technology Depth, Growth Forecast, 2025 - 2034” in detail along with the table of contents: 

https://www.gminsights.com/industry-analysis/tire-pressure-monitoring-system-market

By Tire Pressure Type – Direct TPMS Dominates

Direct TPMS accounted for the highest market share in 2024 and will continue to see growth because of its real-time pressure monitoring and high accuracy. With pressure sensors in every tire, unlike in indirect systems, direct TPMS provides accurate monitoring and quicker warnings for any problems. Growing demand for high-end safety features is also fueling the use of direct TPMS in passenger as well as commercial vehicles.

Based on Vehicle Type – Passenger Vehicles Lead

Passenger cars were the biggest end-use category in 2024, led by the huge number of car production in the world and increasing consumer knowledge about vehicle safety. Growing sales of mid- and upper-market vehicles equipped with advanced driver assistance systems (ADAS) are also driving segment growth. Government mandates to install tire pressure monitoring systems (TPMS) as standard features on new vehicles in major markets.    

By Sales Channel – OEM Segment Dominates    

The OEM segment captured the largest revenue share in 2024, attributed to rising TPMS installations in new vehicles by automobile manufacturers to comply with evolving safety requirements and consumer interest. TPMS suppliers are teaming up with vehicle manufacturers on diverse vehicle applications, primarily in the realms of electrification and smart mobility platforms.  

Regional Insights  

Asia Pacific is the fastest growing regional segment in the tire pressure monitoring systems (TPMS) market, also supported by increasing vehicle production, increased safety standards, and a vastly increasing middle-class population interested in vehicle service. Electrical vehicle growth in China, India, and South Korea is driving original equipment manufacturers to source TPMS as standard, with supporting government regulations, increased EV adoption, and more.

Top players in the TPMS market are ZF Friedrichshafen, Robert Bosch, Pacific Industrial, NXP Semiconductors, Sensata Technologies, Valeo, Continental, Hella, Delphi Technologies, and Denso.

Key players are emphasizing product innovation, partnerships, and geographical expansion to consolidate their market position. Sensata Technologies and NXP Semiconductors are pushing the frontiers of wireless sensor integration, while Continental provides data-driven tire solutions for fleet management. ZF Friedrichshafen is implementing AI for predictive maintenance. Joint ventures with automakers and EV makers are facilitating TPMS integration in new-generation vehicles.