- Tire Pressure Monitoring Systems are advanced safety technologies that monitor tire pressure in real time, alerting drivers to underinflation or overinflation to enhance vehicle safety, fuel efficiency, and tire longevity.
- The market is propelled by growing emphasis on road safety, advancements in wireless communication and sensor technologies, and the integration of TPMS with vehicle telematics and infotainment systems.
- North America holds a significant market share due to strict safety regulations, high vehicle production, and the presence of key players like Schrader International and Continental AG.
- Asia-Pacific is expected to register the fastest growth, fueled by increasing vehicle sales, rising disposable incomes, and mandatory TPMS regulations in countries like China, India, and South Korea.
- The passenger car segment is projected to account for a significant market share of approximately 60.3% in 2025, driven by widespread TPMS adoption in passenger vehicles to comply with safety standards and enhance driving comfort.
