Direct Tire Pressure Monitoring Sensor Market was valued at USD 3.1 Billion in 2022 and is projected to reach USD 5.4 Billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030.
The direct tire pressure monitoring sensor (TPMS) market has been experiencing remarkable growth over the past few years. With the increasing awareness of road safety and the growing adoption of advanced vehicle technologies, the demand for tire pressure monitoring systems is expected to surge. In this article, we dive deep into the latest market insights on the direct TPMS, exploring key trends, challenges, growth opportunities, and regional analysis. Our comprehensive research will help you understand the market dynamics and make informed decisions in the automotive sector.
In recent years, the automobile industry has witnessed significant technological advancements aimed at enhancing driver safety and vehicle performance. One such innovation is the Tire Pressure Monitoring System (TPMS), a technology that helps drivers monitor and maintain optimal tire pressure levels. This system is designed to alert drivers when a tire’s air pressure falls below a safe threshold, reducing the risk of accidents caused by under-inflated tires.
There are two types of TPMS: direct and indirect. Direct TPMS directly measures the tire's air pressure using sensors installed inside the tires, providing real-time readings. This is in contrast to the indirect system, which estimates tire pressure based on wheel speed sensors. The direct TPMS offers more accuracy and reliability, making it the preferred choice for most modern vehicles.
The global direct tire pressure monitoring sensor market is experiencing significant growth, driven by various factors including stringent government regulations, increasing vehicle production, and rising demand for safety features. According to a report by MarketsandMarkets, the market is expected to grow at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030. This growth is primarily attributed to the increasing adoption of TPMS in passenger vehicles and commercial trucks.
The direct TPMS market can be segmented into several categories, including:
By Type:
Temperature Sensors
Pressure Sensors
By Vehicle Type:
Passenger Vehicles
Commercial Vehicles
By Region:
North America
Europe
Asia Pacific
Rest of the World
The direct tire pressure monitoring sensor market is primarily driven by the following factors:
One of the most significant factors driving the growth of the direct TPMS market is the increasing awareness of road safety. Under-inflated tires are a major cause of accidents, leading to tire blowouts, loss of vehicle control, and increased fuel consumption. As a result, there is a growing demand for TPMS to enhance safety and reduce road accidents. According to the National Highway Traffic Safety Administration (NHTSA), TPMS has been proven to significantly reduce tire-related accidents.
Government regulations play a critical role in the widespread adoption of TPMS. In many countries, regulations require new vehicles to be equipped with TPMS to ensure the safety of drivers and passengers. For example, in the United States, the TREAD (Transportation Recall Enhancement, Accountability, and Documentation) Act mandates that all passenger vehicles weighing less than 10,000 pounds be equipped with TPMS. Similar regulations exist in Europe, India, and China, which have further boosted the demand for direct TPMS.
With the rapid advancement of automotive technologies, consumers are increasingly seeking vehicles equipped with smart safety features. Direct TPMS fits perfectly into this trend, offering real-time tire pressure data and integrating seamlessly with other vehicle monitoring systems. The growing consumer preference for high-tech features, such as connected vehicles and autonomous driving systems, is further driving the demand for direct TPMS.
The global increase in vehicle production and sales, especially in emerging markets, is a significant factor contributing to the market growth. As the automotive industry grows, more vehicles are being equipped with direct TPMS to meet safety standards. According to the International Organization of Motor Vehicle Manufacturers (OICA), global vehicle production reached over 90 million units in 2021, and this number is expected to continue to rise in the coming years.
Despite the promising growth prospects, the direct TPMS market faces several challenges that may impact its growth. These include:
The production of direct TPMS sensors is complex and costly, as they require advanced technology and high-quality materials to function accurately and reliably. The high cost of manufacturing these sensors can result in higher prices for consumers, especially for commercial vehicles and heavy-duty trucks. This can be a barrier for some markets where cost-sensitive customers are hesitant to invest in advanced safety technologies.
While direct TPMS offers real-time tire pressure data, there are still some technological challenges associated with the system. For example, the sensors can sometimes fail due to battery depletion, poor calibration, or environmental factors such as extreme temperatures. These limitations can affect the accuracy and reliability of the system, leading to customer dissatisfaction.
Although TPMS is becoming standard in many developed markets, there is still a lack of awareness in emerging markets, particularly in Africa, parts of Asia, and Latin America. In these regions, low awareness of the benefits of TPMS and the absence of government regulations mandating the use of such systems have slowed market growth. However, with increasing urbanization and rising disposable incomes, the adoption of TPMS is expected to grow in these regions over time.
The direct TPMS market is evolving with technological advancements aimed at improving accuracy, reliability, and functionality. Some of the latest innovations in the TPMS industry include:
Wireless TPMS has gained significant traction in recent years due to its ease of installation and low cost. Unlike traditional systems that use wired connections, wireless TPMS transmits tire pressure data through radio frequency (RF) signals. This technology eliminates the need for complex wiring and reduces installation costs, making it more accessible for both manufacturers and consumers.
Modern vehicles are increasingly being equipped with connected vehicle systems that enable real-time data exchange between the vehicle and external networks. TPMS is being integrated into these systems, allowing drivers to monitor tire pressure remotely through mobile apps or vehicle dashboards. This integration offers greater convenience and safety, as drivers can receive alerts in case of any tire-related issues even before they get into the vehicle.
Battery life has always been a concern for direct TPMS sensors, as the sensors are powered by small batteries that typically last between 5 to 10 years. However, researchers are developing battery-less sensors that can harvest energy from the vehicle’s vibrations or temperature changes. These sensors are expected to significantly reduce maintenance costs and improve the overall sustainability of TPMS technology.
The direct TPMS market is experiencing growth across various regions, with each region exhibiting unique market dynamics.
North America is one of the largest markets for direct TPMS, primarily driven by stringent government regulations and the high adoption of advanced vehicle technologies. The U.S. is the dominant market in the region, with TPMS being mandatory for all passenger vehicles under the TREAD Act. The increasing demand for safety features, coupled with the rising vehicle production, continues to drive market growth in this region.
Europe is another major market for direct TPMS, fueled by strict regulations and high awareness of road safety. The European Union has implemented regulations that require all new passenger vehicles to be equipped with TPMS, contributing to market expansion. Additionally, the increasing popularity of electric vehicles (EVs) in Europe is expected to further boost the demand for advanced safety features like direct TPMS.
The Asia-Pacific region is expected to witness the highest growth rate in the direct TPMS market, driven by the increasing production and sales of vehicles in countries like China, India, and Japan. With rising disposable incomes and government initiatives aimed at improving road safety, the adoption of TPMS is expected to increase significantly in this region. Additionally, the growing popularity of commercial vehicles in countries like China is expected to drive demand for direct TPMS in the commercial vehicle segment.
The direct tire pressure monitoring sensor market is poised for significant growth in the coming years, driven by increasing road safety awareness, stringent regulations, and the growing adoption of advanced vehicle technologies. While challenges such as high manufacturing costs and technological limitations remain, ongoing innovations in TPMS technology are expected to address these issues and drive further market growth. As more regions adopt regulations requiring TPMS in vehicles, and as consumers increasingly prioritize safety and performance, the direct TPMS market is set to expand significantly in the years ahead.
For automotive manufacturers, suppliers, and stakeholders in the automotive safety sector, this market presents ample growth opportunities. By staying abreast of the latest trends, regulations, and technological advancements, businesses can position themselves to capitalize on the burgeoning demand for direct TPMS solutions.
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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
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 Direct Tire Pressure Monitoring Sensor Market
Passenger Vehicle
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Direct Tire Pressure Monitoring Sensor market share In 2023.
Temperature Sensor Integrated
No Temperature Sensor Integrated
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 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
Global
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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