Tire Pressure Monitoring System Receiver Market was valued at USD 3.2 Billion in 2022 and is projected to reach USD 5.8 Billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030.
The Tire Pressure Monitoring System (TPMS) Receiver market has seen significant shifts from 2018 to 2022, driven by advancements in automotive safety technologies and increasing regulatory standards globally. As the demand for safer and more efficient vehicles continues to rise, TPMS receivers have become a crucial component in ensuring tire health, preventing underinflation, and enhancing vehicle performance. From 2018 to 2022, the market experienced steady growth, with several key factors influencing this trend, including rising consumer awareness of vehicle safety, stricter government regulations on vehicle safety standards, and the increasing integration of IoT-based solutions in automobiles. In this period, the TPMS receiver market expanded due to heightened demand for innovative technologies in both passenger cars and commercial vehicles.
In the years leading up to 2022, global demand for TPMS receivers was characterized by technological innovation. The introduction of wireless TPMS systems, which offer easier installation and maintenance, contributed to the market's expansion. By 2022, TPMS receivers had become an essential feature in vehicles worldwide, particularly in the United States and Europe, where regulations require tire pressure monitoring systems in new vehicles. Moreover, the market experienced a significant shift as more vehicle manufacturers began integrating advanced TPMS features, such as direct tire pressure monitoring, into their standard vehicle models.
Looking ahead to the period between 2023 and 2033, the TPMS receiver market is expected to continue evolving. With advancements in automotive technology, such as the shift toward electric vehicles (EVs), there is an increasing demand for TPMS systems that are compatible with EVs’ specific needs, such as tire wear monitoring and real-time data transmission to vehicle management systems. The rapid growth of connected vehicles and the adoption of 5G technology will likely create new opportunities for TPMS receiver manufacturers to innovate further. Additionally, the increasing use of autonomous vehicles will drive demand for more sophisticated and accurate tire pressure monitoring solutions to ensure safety at all stages of vehicle operation.
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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 Global Tire Pressure Monitoring System Receiver Market
Passenger Vehicles
Commercial Vehicles
Based on Types the Market is categorized into Below types that held the largest Tire Pressure Monitoring System Receiver market share In 2023.
Indirect Tire Pressure Monitoring
Direct Tire Pressure Monitoring
Global (United States, Global 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 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. Global Tire Pressure Monitoring System Receiver Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tire Pressure Monitoring System Receiver Market, By Type
6. Global Tire Pressure Monitoring System Receiver Market, By Application
7. Global Tire Pressure Monitoring System Receiver Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Tire Pressure Monitoring System Receiver Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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