Automotive Tire Pressure Monitoring System Market, by Product Type, by Vehicle Type, by Sales Channel and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Market Dynamics

Automotive tire pressure monitoring system (TPMS) is a system used for monitoring and measurement tire pressure of vehicles by using pressure sensors or with the help of wheel speed sensors such as ESC and ABS system.

The increasing government initiatives towards road safety is compelling OEMs to come up with advanced systems such as Autonomous Emergency Braking (AEB), Lane Departure Warning (LDW), Tire Pressure Monitoring System (TPMS), and Blind Spot Detection (BSD) in their product portfolio. For instance, according to the TREAD Act, as of November 1, 2012, the European Union mandated TPMS in every passenger car models. In April 2008, NHTSA mandated the use of TPMS system in all newly manufactured or imported U.S. cars. Such regulations boosted growth of the automotive tire pressure monitoring system (TPMS) market. Moreover, aftermarket sales are expected to emerge as major sales channels for TPMS. According to a study conducted by National Highway Traffic Safety Administration (NHTSA), underinflated tires consumer more fuel than properly inflated tires, i.e. 2 psi decrease in all four tire leads to 1-2% decrease in fuel economy of the vehicle. According to the same source, the use of tire pressure monitoring systems provides enhanced fuel economy of US$ 19.07-US$ 23.08 per vehicle over its lifetime. Owing to this the large fleet owners are adopting this systems for their vehicles in aftermarket which is expected to boost the demand for automotive tire pressure monitoring system (TPMS) in near future.

Market Taxonomy

This report segments the global Automotive Tire Pressure Monitoring System (TPMS) Market on the basis of product type, vehicle type, sales channel and region. On the basis of product type, the market is segmented into direct TPMS and indirect TPMS. On the basis of vehicle type, the market is segmented into passenger cars, LCV, and HCV. On the basis of sales channel, the market is segmented into OEM and aftermarket. For a comprehensive understanding of market dynamics, the market is analyzed across key geographical regions, namely, North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions, for a macro-level understanding of the market.

Key features of the study:

• This report provides an in-depth analysis of the global Automotive Tire Pressure Monitoring System (TPMS) Market with market size (US$ Million) and CAGR (%) over the forecast period (2022-2028), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
• It profiles leading players in the global Automotive Tire Pressure Monitoring System (TPMS) Market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
• Key companies covered as part of this study include ZF Friedrichshafen AG, ATEQ, Continental AG, Bartec USA LLC, Sensata Technologies, Inc., Huf Hulsbeck & Furst GmbH & Co. KG, AUTOMOTIVE TECHNOLOGY CO., LTD., Rivigo Services, Denso Corporation, DUNLOP TECH GmbH, Pacific Industrial Co., Ltd., Bendix Commercial Vehicles Systems LLC, NXP Semiconductors, NIRA Dynamics AB, WABCO, and HAMATON AUTOMOTIVE TECHNOLOGY CO., LTD among others.
• Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to future product launches, technology upgrades, market expansion, and marketing tactics
• Various strategy matrices used in analyzing the global Automotive Tire Pressure Monitoring System (TPMS) Market would provide stakeholders vital inputs to make strategic decisions accordingly

Detailed Segmentation:

• Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Product Type:
• Direct TPMS
• Indirect TPMS
• Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Vehicle Type:
• Passenger Car
• LCV
• HCV
• Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Sales Channel:
• OEM
• Aftermarket
• Global Automotive Tire Pressure Monitoring System (TPMS) Market, By Region:
• North America
  • By Country
  • U.S.
  • Canada
  • By Segmentation
  • By Product Type:
  • Direct TPMS
  • Indirect TPMS
  • By Vehicle Type:
  • Passenger Car
  • LCV
  • HCV
  • By Sales Channel:
  • OEM
  • Aftermarket
• Europe
  • By Country
  • Germany
  • Italy
  • U.K.
  • France
  • Spain
  • Russia
  • Rest of Europe
  • By Product Type:
  • Direct TPMS
  • Indirect TPMS
  • By Vehicle Type:
  • Passenger Car
  • LCV
  • HCV
  • By Sales Channel:
  • OEM
  • Aftermarket
• Asia Pacific
  • By Country
  • China
  • Japan
  • Australia
  • India
  • ASEAN
  • South Korea
  • Rest of Asia Pacific
  • By Segmentation
  • By Product Type:
  • Direct TPMS
  • Indirect TPMS
  • By Vehicle Type:
  • Passenger Car
  • LCV
  • HCV
  • By Sales Channel:
  • OEM
  • Aftermarket
• Latin America
  • By Country
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
  • By Segmentation
  • By Product Type:
  • Direct TPMS
  • Indirect TPMS
  • By Vehicle Type:
  • Passenger Car
  • LCV
  • HCV
  • By Sales Channel:
  • OEM
  • Aftermarket
• Middle East and Africa
  • By Country
  • GCC Countries
  • Israel
  • South Africa
  • Rest of Middle East and Africa
  • By Segmentation
  • By Product Type:
  • Direct TPMS
  • Indirect TPMS
  • By Vehicle Type:
  • Passenger Car
  • LCV
  • HCV
  • By Sales Channel:
  • OEM
  • Aftermarket
• Company Profiles
  • ZF Friedrichshafen AG
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • ATEQ
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Continental AG
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Bartec USA LLC
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Sensata Technologies, Inc.
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Huf Hulsbeck & Furst GmbH & Co. KG
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • AUTOMOTIVE TECHNOLOGY CO., LTD.
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Rivigo Services
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Denso Corporation
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • DUNLOP TECH GmbH
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Pacific Industrial Co., Ltd.
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • Bendix Commercial Vehicles Systems LLC
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • NXP Semiconductors
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • NIRA Dynamics AB
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • WABCO
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates
  • HAMATON AUTOMOTIVE TECHNOLOGY CO., LTD.
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Recent Developments/Updates