AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET ANALYSIS

Regional Analysis

Global Automotive Tire Pressure Monitoring System (TPMS) Market - Regional Analysis

Figure 1. Global Automotive Tire Pressure Monitoring System (TPMS) Market Share (%), By Region, 2022

The North American region, especially the U.S., has a mature TPMS market. The demand for TPMS systems is increasing due to strict regulations mandating the installation of TPMS in vehicles. In addition, rising safety concerns and the introduction of advanced automotive technology contribute to the growth of the market in the region. 

Europe has a TPMS market primarily established by European Union (EU) regulations. The demand for TPMS is also driven by growing awareness of vehicle safety and the increasing adoption of advanced driver assistance systems (ADAS) in the region. The European market is expected to grow steadily due to the level of automobile production and the presence of major automobile manufacturers. 

In the Asia-Pacific region, the TPMS market is dominating the market. Rise in vehicle production, rising disposable income, and growing awareness of vehicle safety all contribute to market expansion in countries such as China, Japan, and South Korea. Additionally, government efforts to promote vehicle safety and the introduction of safety regulations similar to those in North America and Europe continue to increase the demand for TPMS in the region. 

The Latin American TPMS market is driven by factors such as improving economic conditions, increasing vehicle production, and the introduction of safety regulations. Countries such as Brazil and Mexico experienced significant growth in the automotive industry, increasing the demand for TPMS systems.

The Middle East and Africa region is seeing moderate demand for TPMS, mainly due to rising vehicle sales and increasing importance of vehicle safety. Market growth is also supported by the expansion of infrastructure and the introduction of safety regulations in certain countries. 

Geographies covered:

• North America: U.S. and Canada
• Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa