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Advanced Tpms Market
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Advanced Tpms Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS2004003, Published - November 2024

Segmented in Type (Direct TPMS, Indirect TPMS, Hybrid TPMS), Application (Passenger Vehicles, Commercial Vehicles, Heavy-duty Trucks, Off-road Vehicles), Technology and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2023 – 2033

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Advanced Tpms Market Outlook

Advanced Tire Pressure Monitoring Systems (TPMS) play a role in enhancing vehicle safety and performance by providing continuous monitoring of tire pressure and temperature in real time settings. These cutting edge systems aid in preventing tire blowouts and improving fuel efficiency while also facilitating maintenance for vehicle fleets. The global market for Advanced TPMS was valued at $4.6 billion in 2023 with estimates suggesting a growth rate of 10.2% that could see it reach $9 billion by 2030 and potentially $14.7 billions by 2035.


In the field of safety and efficiency services, Advanced TPMS assists both single drivers and large fleets by delivering precise up to date information about tire conditions. As a result it has become increasingly popular in areas with road safety rules and, in corporate fleet management where effectiveness is crucial.


Market Size Forecast & Key Insights

2018
$4.6B2023
2028
$12.1B2033

Absolute Growth Opportunity = $7.5B

The Advanced Tpms market is projected to grow from $4.6 billion in 2023 to $12.1 billion in 2033. This represents a CAGR of 10.2%, reflecting rising demand across Passenger Vehicles, Commercial Vehicles and Heavy-duty Trucks.

The Advanced Tpms market is set to add $7.5 billion between 2023 and 2033, with manufacturer targeting Commercial Vehicles & Heavy-duty Trucks Application projected to gain a larger market share.

With Enhanced safety, and Fuel efficiency, Advanced Tpms market to expand 164% between 2023 and 2033.

Opportunities in the Advanced Tpms Market

Heavy-duty Applications

Advanced TPMS offers advantages for heavy duty trucks and off road vehicles such as cost savings in fuel consumption and improved safety measures leading to tire lifespan—a crucial factor in industries, like logistics and mining where vehicle safety and operational effectiveness hold significant importance.

Fleet Management and Electric Vehicles

Having a Tire Pressure Monitoring System (TPMS) is crucial for managing fleets because it enables monitoring tire conditions remotely for multiple vehicles simultaneously. Fleet managers gain insights based on data about tire wear & tear as well as pressure & temperature readings. This information is vital for predicting maintenance needs. This can lead to decreased downtime and operational expenses thus improving overall fleet efficiency.

The emergence of EVs has opened up fresh prospects for Advanced TPMS technology in the automotive industry. Electric vehicles depend greatly on efficiency to enhance their range. They need top notch tire performance to achieve this goal effectively and intelligent TPMS plays a role in keeping the tires in good shape to boost the efficiency and extend the range of electric vehicles. Proving its significance as a key element, in the EV sector.

Growth Opportunities in North America and Europe

Europe Outlook

In Europe Advanced TPMS has been widely embraced, in fleet management and heavy duty sectors. Sensata Technologies and WABCO are the players in this market capitalizing on the EUs focus, on road safety and environmental conservation efforts.

North America Outlook

The Advanced TPMS market in North America is growing because of safety regulations and the increased need from fleet operators for such systems to ensure safety on the roads and optimize vehicle performance.

Key players, in this market include Continental and Schrader Electronics who provide solutions tailored for both passenger vehicles and commercial fleets to meet the diverse needs of customers.

North America Outlook

The Advanced TPMS market in North America is growing because of safety regulations and the increased need from fleet operators for such systems to ensure safety on the roads and optimize vehicle performance.

Key players, in this market include Continental and Schrader Electronics who provide solutions tailored for both passenger vehicles and commercial fleets to meet the diverse needs of customers.

Europe Outlook

In Europe Advanced TPMS has been widely embraced, in fleet management and heavy duty sectors. Sensata Technologies and WABCO are the players in this market capitalizing on the EUs focus, on road safety and environmental conservation efforts.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2024–2033

1

Major Markets : United States, Germany, Japan, China, South Korea are expected to grow at 7.4% to 10.7% CAGR

2

Emerging Markets : India, Brazil, Turkey are expected to grow at 9.8% to 12.8% CAGR

Market Analysis Chart

The growth of the Advanced TPMS market is influenced by the growing emphasis on road safety and efficiency in fleet settings; yet challenges such as elevated expenses and intricate installation processes hinder broad acceptance among smaller markets.

Recent Developments and Technological Advancement

October 2023

Continental introduced an upgraded Advanced TPMS with real time data analytics to enhance safety and efficiency.

July 2023

Sensata Technologies expanded its TPMS product line, introducing solutions specifically tailored for heavy-duty trucks and commercial vehicles

May 2023

WABCO introduced an all in one fleet management system that features Advanced TPMS and offers detailed data analysis.

Continental and WABCO are leading the way in the Advanced TPMS market, with their data analytics progress and reliable solutions tailored for heavy duty use cases. They are catering to the requirements of both individual vehicle owners and fleet managers.

Impact of Industry Transitions on the Advanced Tpms Market

As a core segment of the A&T Technologies industry, the Advanced Tpms market develops in line with broader industry shifts. Over recent years, transitions such as Safety Regulations and Connected Vehicle Ecosystem have redefined priorities across the A&T Technologies sector, influencing how the Advanced Tpms market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Safety Regulations:

Heightened safety standards in North America and Europe are driving the increased use of Advanced TPMS technology as a crucial aspect of tire safety and fuel efficiency, in vehicles is being underscored by governmental regulations and oversight agencies.

2

Connected Vehicle Ecosystem:

As cars become increasingly interconnected, Advanced TPMS is being combined with connected vehicle technologies to boost vehicle safety and facilitate real time data exchange with other safety systems.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the A&T Technologies industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the A&T Technologies industry cascade into the Advanced Tpms market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Enhanced Safety, and Predictive Maintenance

Enhanced Tire Pressure Monitoring Systems (TPMS) boost vehicle safety by ensuring the tire pressure to minimize accidents due to underinflation or overinflation of tires while also enhancing braking efficiency and handling for safer driving conditions, on the road.
Advanced TPMS provides maintenance features that enable fleet managers and drivers to keep track of tire health and foresee potential problems, in advance. This helps prevent sudden breakdowns and extends the lifespan of tires while also improving the eco friendliness of vehicle operations.
Keeping tires properly inflated can also boost vehicles mileage since low tire pressure leads to increased fuel consumption. Something that can also add up to savings for businesses managing a fleet of vehicles in the long run. A modern Tire Pressure Monitoring System (TPMS) plays a role, in cutting operational expenses by maintaining optimal tire pressure levels and improving fuel efficiency through routine pressure monitoring.

Restraint: High Costs

Advanced TPMS implementation comes with a price tag compared to basic TPMS systems which poses a challenge, for budget conscious consumers looking to embrace it; especially in developing markets. The inclusion of sensors and real time monitoring tech bumps up the total cost which may discourage potential buyers.

Challenge: Complex Installation

Sophisticated tire pressure monitoring systems demand expertise for installation and upkeep. They typically necessitate adjustment and the task of incorporating these systems into current fleet management tools can pose technical difficulties. This intricacy hinders use of such systems in smaller commercial fleets or individual vehicles.

Supply Chain Landscape

Raw Material Suppliers

Schrader Electronics

Huf Hulsbeck & Furst

Manufacturers

Continental

Sensata Technologies

Service Providers
WABCO / PSI (Pressure Systems International)
End-User
Automotive / Aerospace
Raw Material Suppliers

Schrader Electronics

Huf Hulsbeck & Furst

Manufacturers

Continental

Sensata Technologies

Service Providers

WABCO

PSI (Pressure Systems International)

End-User

Automotive

Aerospace

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Leading Providers and Their Strategies

Application AreaIndustryLeading Advanced TPMS ProvidersProvider Strategies
Passenger Vehicles
Automotive
Continental, Schrader Electronics
Continental emphasizes safety and fuel efficiency for passenger vehicles, while Schrader focuses on advanced sensor technology and Bluetooth integration.
Commercial Vehicles
Fleet Management
WABCO, DENSO
WABCO provides comprehensive TPMS solutions for fleet operators, integrating with fleet management tools, while DENSO focuses on predictive maintenance.
Heavy-duty Trucks
Heavy-duty Vehicles
Sensata Technologies, Huf Hülsbeck & Fürst
Sensata offers rugged TPMS solutions for heavy-duty trucks, while Huf develops systems for extreme conditions.
Off-road Vehicles
Agricultural & Industrial
Michelin, PSI
Michelin develops durable TPMS for off-road applications, while PSI specializes in heavy-duty solutions.

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Advanced Tpms market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Advanced Tpms in Commercial Vehicles, Heavy-duty Trucks and Passenger Vehicles

Commercial Vehicles

When it comes to commercial vehicles, Advanced TPMS are crucial for managing fleets efficiently by boosting fuel economy and cuts down on tire related delays. WABCO and DENSO offer fledged TPMS solutions for big fleets combining these systems with fleet management tools to give valuable data insights on tire conditions. This helps with maintenance, a key factor in reducing downtime and prolonging tire longevity.

Heavy-duty Trucks

Heavy duty trucks need TPMS solutions because of their high pressure tires and long distances they travel. Sensata Technologies and Huf Hulsbeck & Furst specialize in providing top notch TPMS for trucks that can handle loads and tough conditions. Sensatas advanced TPMS offers real time alerts for tire pressure and temperature monitoring whereas Hufs systems are built to last in such environments making them ideal, for heavy duty truck operations.

Passenger Vehicles

Advanced Tire Pressure Monitoring Systems (TPMS) in passenger vehicles play a key role in improving road safety and saving fuel by warning drivers about low tire pressure to prevent accidents due to tire blowouts. Renowned companies like Continental and Schrader Electronics have designed TPMS sensors specifically for passenger vehicles that prioritize accuracy and dependability. Continental has launched cutting edge technologies like in tire sensors and Bluetooth enabled monitoring systems that enable drivers to receive real time updates on their smartphones, for added convenience and peace of mind during their journeys.

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Research Methodology

This market research methodology defines the Advanced Tpms market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the A&T Technologies ecosystem, we analyze Advanced Tpms across Passenger Vehicles, Commercial Vehicles, and Heavy-duty Trucks Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Continental, Schrader Electronics, and Sensata Technologies by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Suppliers, Manufacturers, and Service Providers. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global A&T Technologies revenues to estimate the Advanced Tpms segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Suppliers (Schrader Electronics, Huf Hulsbeck & Furst), Manufacturers (Continental, Sensata Technologies), and Service Providers. Our parallel substitute analysis examines , highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Continental, Schrader Electronics, and Sensata Technologies, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Advanced Tpms market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Advanced Tpms Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2024USD 5.0 billion
Revenue Forecast in 2033USD 12.1 billion
Growth RateCAGR of 10.2% from 2024 to 2033
Base Year for Estimation2023
Industry Revenue 20234.6 billion
Growth OpportunityUSD 7.5 billion
Historical Data2018 - 2022
Growth Projection / Forecast Period2024 - 2033
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20234.6 billion USD
Market Size 20266.1 billion USD
Market Size 20287.4 billion USD
Market Size 20309.0 billion USD
Market Size 203312.1 billion USD
Market Size 203514.7 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredType, Application, Technology
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledContinental, Schrader Electronics, Sensata Technologies, WABCO, Huf Hülsbeck & Fürst, PSI (Pressure Systems International), DENSO, ATEQ TPMS Tools, Pacific Industrial, Dill Air Controls, Bartec USA and Tire Pressure Monitoring Solutions
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Advanced Tpms Market Size, Opportunities & Strategic Insights, by Type

4.1Direct TPMS
4.2Indirect TPMS
4.3Hybrid TPMS
Chapter 5

Advanced Tpms Market Size, Opportunities & Strategic Insights, by Application

5.1Passenger Vehicles
5.2Commercial Vehicles
5.3Heavy-duty Trucks
5.4Off-road Vehicles
Chapter 6

Advanced Tpms Market Size, Opportunities & Strategic Insights, by Technology

6.1Pressure Sensors
6.2Bluetooth Connectivity
6.3Real-time Monitoring
6.4Data Analytics
Chapter 7

Advanced Tpms Market, by Region

7.1North America Advanced Tpms Market Size, Opportunities, Key Trends & Strategic Insights
7.1.1U.S.
7.1.2Canada
7.2Europe Advanced Tpms Market Size, Opportunities, Key Trends & Strategic Insights
7.2.1Germany
7.2.2France
7.2.3UK
7.2.4Italy
7.2.5The Netherlands
7.2.6Rest of EU
7.3Asia Pacific Advanced Tpms Market Size, Opportunities, Key Trends & Strategic Insights
7.3.1China
7.3.2Japan
7.3.3South Korea
7.3.4India
7.3.5Australia
7.3.6Thailand
7.3.7Rest of APAC
7.4Middle East & Africa Advanced Tpms Market Size, Opportunities, Key Trends & Strategic Insights
7.4.1Saudi Arabia
7.4.2United Arab Emirates
7.4.3South Africa
7.4.4Rest of MEA
7.5Latin America Advanced Tpms Market Size, Opportunities, Key Trends & Strategic Insights
7.5.1Brazil
7.5.2Mexico
7.5.3Rest of LA
7.6CIS Advanced Tpms Market Size, Opportunities, Key Trends & Strategic Insights
7.6.1Russia
7.6.2Rest of CIS
Chapter 8

Competitive Landscape

8.1Competitive Dashboard & Market Share Analysis
8.2Company Profiles (Overview, Financials, Developments, SWOT)
8.2.1Continental
8.2.2Schrader Electronics
8.2.3Sensata Technologies
8.2.4WABCO
8.2.5Huf Hülsbeck & Fürst
8.2.6PSI (Pressure Systems International)
8.2.7DENSO
8.2.8ATEQ TPMS Tools
8.2.9Pacific Industrial
8.2.10Dill Air Controls
8.2.11Bartec USA
8.2.12Tire Pressure Monitoring Solutions