Tire Pressure Monitoring Sensor Battery Market size was valued at USD 1.52 Billion in 2024 and is projected to reach USD 2.73 Billion by 2033, exhibiting a CAGR of 7.1% from 2026 to 2033.
In 2022, the global Tire Pressure Monitoring Sensor (TPMS) Battery Market was valued at approximately $236.7 million and is projected to reach $307.8 million by 2029, growing at a compound annual growth rate (CAGR) of 3.8% during the forecast period. The Asia Pacific region led the market, accounting for 38.7% of the total revenue in 2023, driven by increasing vehicle production and stringent safety regulations in countries like China and India. North America followed, with a significant market share attributed to the mandatory implementation of TPMS in vehicles and heightened consumer awareness regarding vehicle safety. Europe also held a substantial portion of the market, supported by strict vehicular safety standards and the presence of major automotive manufacturers. The market is segmented by battery type into above 350 mAh and below 350 mAh capacities. In 2022, the segment with above 350 mAh batteries dominated, reflecting a preference for longer lasting battery solutions in TPMS applications. Application wise, the market is divided between Original Equipment Manufacturer (OEM) installations and the aftermarket. The OEM segment held the majority share in 2023, as automakers increasingly integrate TPMS into new vehicles to comply with safety regulations and meet consumer demand for enhanced safety features. The aftermarket segment is also witnessing growth, driven by vehicle owners retrofitting older models with TPMS to improve safety and performance. Opportunities in the TPMS battery market are expanding due to advancements in battery technology, such as the development of more efficient and durable lithium based batteries, and the rising adoption of electric vehicles, which require sophisticated TPMS to ensure optimal tire performance.
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Maxell
Murata Manufacturing
Panasonic
EVE Energy
Tadiran
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. 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 Global Tire Pressure Monitoring Sensor Battery Market
Direct Tire Pressure Monitoring Sensors (TPMS)
Indirect Tire Pressure Monitoring Sensors
Lithium-ion Batteries
Lithium Polymer Batteries
Nickel-Metal Hydride Batteries
Alkaline Batteries
Passenger Cars
Commercial Vehicles
Two-Wheelers
Heavy-Duty Vehicles
Wireless TPMS
Wired TPMS
Automotive Industry
Aerospace Industry
Transport and Logistics
Construction and Mining
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 Global Tire Pressure Monitoring Sensor Battery 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. Global Tire Pressure Monitoring Sensor Battery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tire Pressure Monitoring Sensor Battery Market, By Type
6. Global Tire Pressure Monitoring Sensor Battery Market, By Application
7. Global Tire Pressure Monitoring Sensor Battery Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Tire Pressure Monitoring Sensor Battery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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