Tire Pressure Monitoring System Sensor Market set to rise $3.1 billion by 2030, as Sustainability in Manufacturing hits transformation ground


Posted February 8, 2025 by datastring

Tire Pressure Monitoring System Sensor is expected to rise to $3.1 billion by 2030 from $1.2 billion of 2023. The revenue growth of industry players is estimated to average at 14.2% annually for period 2023 to 2030.
 
Research Study analyse the new revenue pockets, emerging markets, competition landscape, opportunities & niche insights for Sensor Type (Direct TPMS, Indirect TPMS, Hybrid), Air Pressure (0 - 40 psi, 41 - 100 psi, 101 - 220 psi, 221 - 350 psi) and Technology (Digital, Analog).

Access the detailed report here - ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐š๐ญ๐š๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐œ๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐œ๐จ๐ฆ/๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ-๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ/๐ญ๐ข๐ซ๐ž-๐ฉ๐ซ๐ž๐ฌ๐ฌ๐ฎ๐ซ๐ž-๐ฆ๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ -๐ฌ๐ฒ๐ฌ๐ญ๐ž๐ฆ-๐ฌ๐ž๐ง๐ฌ๐จ๐ซ-๐ฆ๐š๐ซ๐ค๐ž๐ญ-๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก-๐ซ๐ž๐ฉ๐จ๐ซ๐ญ

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

North America and Asia-Pacific are the two most active and leading regions in the market. The Asia Pacific market is known for embracing TPMS sensors due to the growing electric vehicle sector in countries like China and Japan. Key companies like Pacific Industrial and Denso are working hard to create solutions to cater to the increasing need, for both commercial and passenger vehicle uses.

With challenges like high initial costs and technical limitations, Tire Pressure Monitoring System Sensor marketโ€™s supply chain from component supplier to end-user is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including Brazil, Indonesia and South Africa for revenue diversification and TAM expansion. The move, towards eco-friendly manufacturing methods resulted in the creation of tire pressure monitoring system (TPMS) sensors that don't require batteries. This helps cut down on waste and lengthen the lifespan of products while following e-waste guidelines.

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‹๐ž๐š๐๐ž๐ซ๐ฌ๐ก๐ข๐ฉ ๐š๐ง๐ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐ž๐ฌ

The Tire Pressure Monitoring System Sensor market is characterized by intense competition, with a number of leading players such as Continental AG, Schrader International, Pacific Industrial Co, Ltd, Huf Hรผlsbeck & Fรผrst GmbH, Denso Corporation, Sensata Technologies, Bartec USA LLC, NXP Semiconductors, Alligator Ventilfabrik GmbH, ZF Friedrichshafen AG, Valeo and ATEQ. These players are pushing & penetrating the market with their strategies.

๐€๐›๐จ๐ฎ๐ญ ๐ƒ๐š๐ญ๐š๐’๐ญ๐ซ๐ข๐ง๐  ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ 

DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.

DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataStringโ€™s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.
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Last Updated February 8, 2025