Direct Tire Pressure Monitoring Sensor Market size was valued at USD 3.5 Billion in 2024 and is forecasted to grow at a CAGR of 7.2% from 2026 to 2033, reaching USD 6.2 Billion by 2033.
The global Direct Tire Pressure Monitoring Sensor Market was valued at USD 3.5 billion in 2022, with a projected compound annual growth rate (CAGR) of 8.1% from 2023 to 2030. The growth of the market is driven by the increasing demand for safety features in vehicles and the mandatory regulations in many countries requiring TPMS for new vehicles. North America dominated the market in 2022, accounting for a share of approximately 35%, due to stringent government regulations and high consumer awareness regarding vehicle safety. Europe followed with a substantial share, driven by advancements in automotive technology and a growing number of vehicles equipped with tire pressure monitoring systems. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, fueled by the increasing production of vehicles and rising automotive safety concerns in emerging economies like China and India.
The adoption of Direct Tire Pressure Monitoring Sensors is anticipated to grow significantly in regions with high vehicle production, such as North America, Europe, and the Asia Pacific. In North America, the growth is propelled by the implementation of regulations such as the TREAD Act, which mandates the installation of TPMS in all passenger cars and light trucks. In the Asia Pacific region, the expanding automotive industry, particularly in countries like China and India, presents substantial opportunities for market growth. Additionally, Latin America and the Middle East & Africa are expected to see gradual growth, driven by increased vehicle sales and rising awareness of safety features. The market is poised for significant expansion, with regional differences in growth opportunities shaped by regulatory frameworks and technological advancements.
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Schrader (Sensata)
Continental
ZF
Pacific Industrial
Huf
Baolong Automotive
Bendix
Denso
NIRA Dynamics
CUB Elecparts
Steelmate
DIAS
Orange Electronic
Shenzhen Autotech
ACDelco
Nanjing Top Sun
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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 Direct Tire Pressure Monitoring Sensor Market
Passenger Vehicles
Commercial Vehicles
Motorcycles
Heavy-duty Vehicles (Trucks and Buses)
Special Purpose Vehicles (Agricultural, Mining, etc.)
Direct TPMS Sensors
Indirect TPMS Sensors
Hybrid TPMS Sensors
Bluetooth Technology
RDS Technology
Wireless Technologies
Hybrid Technology
Non-rechargeable Batteries
Rechargeable Batteries
Solar-powered Modules
Original Equipment Manufacturer (OEM)
Aftermarket
E-commerce Platforms
Retail Outlets
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 Direct Tire Pressure Monitoring Sensor 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 Direct Tire Pressure Monitoring Sensor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Direct Tire Pressure Monitoring Sensor Market, By Type
6. Global Direct Tire Pressure Monitoring Sensor Market, By Application
7. Global Direct Tire Pressure Monitoring Sensor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Direct Tire Pressure Monitoring Sensor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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