United States Tire Pressure Monitoring System Receiver Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The US Tire Pressure Monitoring System (TPMS) Receiver Market has been undergoing significant growth due to the increasing demand for vehicle safety and the need for real-time data on tire conditions. TPMS is a crucial component in modern vehicles, providing vital information to the driver about tire pressure, thereby preventing potential accidents caused by underinflated tires. The market for TPMS receivers in the US is expected to continue growing, fueled by advances in sensor technology, regulatory mandates, and rising consumer awareness about the importance of vehicle safety.
In recent years, TPMS receivers have evolved significantly. Traditionally, they were simple sensors that communicated tire pressure data to a display in the vehicle. However, with technological advancements, these systems have become more integrated with other vehicle components, offering features such as automatic tire pressure adjustments, alerts, and even remote monitoring through mobile apps. As a result, the US market for TPMS receivers has become more sophisticated, catering to the growing demand for connected and smart vehicles.
Statistics indicate a steady increase in TPMS adoption across different vehicle segments, particularly in the commercial vehicle sector. According to recent market reports, the US market for TPMS receivers is expected to witness a compound annual growth rate (CAGR) of approximately 6.5% over the next five years. This growth is largely attributed to increasing vehicle production, government regulations mandating TPMS installation, and the rising focus on enhancing driver safety. Additionally, the growing trend of electric vehicles (EVs) has contributed to the expansion of TPMS systems, as EVs require more advanced tire management solutions due to the difference in weight distribution compared to conventional vehicles.
While traditional TPMS receivers primarily utilized radio frequency to transmit data, innovations such as Bluetooth and Wi-Fi connectivity are becoming more common. This allows vehicle owners to access tire pressure data in real-time, even when the vehicle is not in use. Additionally, the integration of TPMS with the broader telematics and fleet management systems has become a major driving factor in the commercial vehicle sector, as fleet operators aim to reduce maintenance costs and improve vehicle uptime by monitoring tire conditions remotely.
As the TPMS receiver market continues to grow, industry players are focused on enhancing the accuracy, durability, and efficiency of these systems. Innovations in sensor technology, coupled with the increasing importance of tire safety, are expected to shape the future of this market, offering more reliable and user-friendly solutions for consumers and commercial operators alike. Whether you're a vehicle manufacturer, fleet operator, or individual car owner, staying informed about the latest developments in TPMS technology is essential for maximizing vehicle safety and performance.
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Denso
Sensata
Continental
ZF
Lear Corporation
ACDelco
Pacific Industrial
Bendix
Huf
CUB Elecparts
Sate Auto Electronic
Baolong Automotive
NIRA Dynamics
Orange Electronic
Shenzhen Autotech
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Tire Pressure Monitoring System Receiver Market
Direct TPMS
Indirect TPMS
Passenger Cars
Commercial Vehicles
Two-Wheelers
Electric Vehicles
RF-based TPMS
Wired TPMS
Wireless TPMS
OEM (Original Equipment Manufacturer)
Aftermarket
Aerospace
Automotive
Industrial Machinery
Transport and Logistics
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Tire Pressure Monitoring System Receiver Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Tire Pressure Monitoring System Receiver Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Tire Pressure Monitoring System Receiver Market, By Type
6. US Tire Pressure Monitoring System Receiver Market, By Application
7. US Tire Pressure Monitoring System Receiver Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Tire Pressure Monitoring System Receiver Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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