Learn about the global automotive tire pressure monitoring system market through The Business Research Company, which provides information on automotive tire pressure monitoring system market size, automotive tire pressure monitoring system market drivers and restraints, automotive tire pressure monitoring system market players, the COVID-19 impact on the automotive tire pressure monitoring system market, and more.

The global automotive tire pressure monitoring systems market size is expected to grow from $6.00 billion in 2021 to $7.14 billion in 2022 at a compound annual growth rate (CAGR) of 19.0%. The global automotive tire pressure monitoring market size is expected to grow to $12.61 billion in 2026 at a CAGR of 15.3%.

The growing number of accidents is expected to propel the growth of the automotive tire pressure monitoring systems market over the coming years.

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The automotive tire pressure monitoring systems market consists of the sales of automotive tire pressure monitoring systems by entities (organizations, partnerships, and sole proprietors) that are used to monitor the pressure of tires in vehicles by using pressure sensors. The automotive tire pressure monitoring system (TPMS) is an electronic system that monitors the tire’s internal air pressure and gives real-time data on tire pressure. It also helps to warn the driver about the underinflated tires.

Global Automotive Tire Pressure Monitoring System Market Segments Include:
By Type: Direct TPMS, Indirect TPMS

By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)

By Sales Channel Type: OEM, Aftermarket

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the automotive tire pressure monitoring system market in 2021.

Technological advancements have emerged as the key trend gaining popularity in the automotive tire pressure monitoring systems market. Major companies operating in the automotive TPMS sector are focused on research activities and new product innovations with advanced technologies for market growth.

TBRC’s automotive tire pressure monitoring system market report covers:

Major Market Players: Continental AG, Sensata Technologies Inc., Denso Corporation, Pacific Industrial Co. Ltd, NXP Semiconductors, Huf Hülsbeck & Fürst GmbH & Co. KG, Nira Dynamics AB, Hamaton Automotive Technology Co. Ltd., ATEQ TPMS, Alligator Ventilfabrik GmbH, Alps Alpine Co. Ltd, Doran Manufacturing, Bartec USA LLC, Dill Air Controls Products, ZF Friedrichshafen AG, and DUNLOP TECH GmbH.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Automotive Tire Pressure Monitoring System Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides automotive tire pressure monitoring system market overviews, analyzes and forecasts market size, share, automotive tire pressure monitoring system market players, automotive tire pressure monitoring system market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s automotive tire pressure monitoring system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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