Home > Automotive > Automotive Parts > Tires and Wheels > Tire Pressure Monitoring System (TPMS) Market

Tire Pressure Monitoring System (TPMS) Market Share

Report ID: GMI6466
Published Date: Aug 2023
Report Format: PDF

Download Free Sample

Tire Pressure Monitoring System (TPMS) Industry Leaders

Major companies operating in the TPMS market are :

Aptiv PLC
Bartec USA LLC
Continental AG
Delphi Automotive LLC
DENSO CORPORATION
Doran Manufacturing LLC
Dunlop Tech GmbH
Garmin Ltd.,
Infineon Technologies AG
Knorr-Bremse AG
Nira Dynamics
NXP Semiconductors
Pacific Industrial Co. Ltd.
Sensata Technologies Inc.
ZF Friedrichshafen AG

. These companies invest in research and development to enhance sensor accuracy, battery life, wireless communication, and integration capabilities. Innovations might include smarter algorithms for pressure monitoring, more durable sensors, and improved user interfaces.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of tire pressure monitoring system was reached USD 6.2 billion in 2022 and will record 10.9% CAGR from 2023 to 2032, owing to the rising implementation of regulations for improved road safety worldwide.

The passenger cars vehicle type segment garnered over 79% of the market share in 2022, on account of the incessant need for lower emissions by enhancing fuel efficiency.

The aftermarket sales channel type segment record 32% of the market share in 2022, due to the increasing desire for improved vehicle performance and higher awareness of passenger vehicle telematics worldwide.

North America held over 32% of the market share in 2022, driven by the rising automotive sales in the region.