Global Automobile TPMS Market Growth 2023-2029

Global Automobile TPMS Market Growth 2023-2029

A tire-pressure monitoring system (TPMS) is an electronic system designed to monitor the air pressure inside the pneumatic tires on various types of vehicles. TPMS report real-time tire-pressure information to the driver of the vehicle, either via a gauge, a pictogram display, or a simple low-pressure warning light. TPMS are provided both at an OEM (factory) level as well as an aftermarket solution. The target of a TPMS is avoiding traffic accidents, poor fuel economy, and increased tire wear due to under-inflated tires through early recognition of a hazardous state of the tires.

LPI (LP Information)' newest research report, the “Automobile TPMS Industry Forecast” looks at past sales and reviews total world Automobile TPMS sales in 2022, providing a comprehensive analysis by region and market sector of projected Automobile TPMS sales for 2023 through 2029. With Automobile TPMS sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automobile TPMS industry.

This Insight Report provides a comprehensive analysis of the global Automobile TPMS landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automobile TPMS portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automobile TPMS market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automobile TPMS and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automobile TPMS.

The global Automobile TPMS market size is projected to grow from US$ 3642 million in 2022 to US$ 5333.9 million in 2029; it is expected to grow at a CAGR of 5333.9 from 2023 to 2029.

Global Automobile TPMS key players include Schrader (Sensata), Continental, ZF TRW, Pacific Industrial, etc. Global top four manufacturers hold a share about 50%.

Europe is the largest market, with a share over 40%, followed by North America and China, both have a share about 40 percent.

In terms of product, Direct TPMS is the largest segment, with a share about 85%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.

This report presents a comprehensive overview, market shares, and growth opportunities of Automobile TPMS market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Direct TPMS

Indirect TPMS

Segmentation by application

Passenger Vehicle

Commercial Vehicle

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Schrader (Sensata)

Continental

ZF TRW

Pacific Industrial

Huf

Denso

Lear

Bendix

Baolong Automotive

Sate Auto Electronic

ACDelco

CUB Elecparts

NIRA Dynamics

Orange Electronic

Shenzhen Autotech

Steelmate

Nanjing Top Sun

Shenzhen Hangshen

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automobile TPMS market?

What factors are driving Automobile TPMS market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automobile TPMS market opportunities vary by end market size?

How does Automobile TPMS break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.