Market Forecast By Types (Direct Tire Pressure Monitoring System, Indirect Tire Pressure Monitoring System), By Sales Channels (Original Equipment Manufacturers (OEMs), Aftermarkets), By Vehicle Types (Passenger Cars, Commercial Vehicles), By Key Countries (India, China, Japan, Australia, Indonesia, Malaysia, Thailand And Rest of Asia Pacific) And Competitive Landscape.
Product Code: ETC001565 | Publication Date: Jan 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific (APAC) Tire Pressure Monitoring System Market |
Forecast Period | 2025-2031 |
CAGR | 7.2% |
Growing Sector | Passenger Cars |
The Asia Pacific (APAC) Tire Pressure Monitoring System Market report thoroughly covers the market by Types, Sales Channels, Vehicle Types, and Key Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific (APAC) Tire Pressure Monitoring System Market is witnessing notable growth, driven by the increasing focus on vehicle safety and regulatory mandates.
According to 6Wresearch, the APAC Tire Pressure Monitoring System Market is projected to grow at a CAGR of 7.2% from 2025-2031. The passenger car segment is anticipated to be the fastest growing, which can be attributed to increasing vehicles on road and rising consumer awareness regarding safety of tires. In addition, advances in automotive technology and incorporation of TPMS with other vehicle safety systems are further supporting overall demand for tire pressure monitoring systems (TPMS).
However, the market faces challenges such as the high cost of advanced TPMS, which can deter adoption in cost-sensitive markets. Additionally, issues related to the accuracy and reliability of indirect TPMS can impact user trust. Furthermore, the aftermarket segment faces competition from OEMs, who offer integrated TPMS solutions with new vehicles, thereby reducing the demand for standalone systems.
Prominent players in the APAC Tire Pressure Monitoring System Market include Continental AG, Denso Corporation, and Sensata Technologies. Continental AG is known for its high-performance direct TPMS solutions that cater to both passenger cars and commercial vehicles. Denso Corporation offers a range of TPMS products, emphasizing reliability and advanced technology integration. Sensata Technologies provides innovative TPMS solutions with a focus on enhancing vehicle safety and performance.
Governments across the Asia Pacific region have implemented various initiatives to enhance vehicle safety, which in turn support the TPMS market. These include regulations mandating the installation of TPMS in new vehicles to reduce accidents caused by tire failure. Efforts to promote awareness about the benefits of TPMS among consumers are also contributing to market growth. Furthermore, subsidies and incentives for adopting advanced vehicle safety systems, including TPMS, are expected to drive demand. Additionally, governments are investing in infrastructure development, which includes stringent safety measures, further propelling the need for TPMS in commercial vehicles.
The Asia Pacific (APAC) Tire Pressure Monitoring System Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancements such as IoT-enabled TPMS, which offer real-time monitoring and alerts. Tech-savviness and eco-friendly nature in vehicles have triggered the application of more sophisticated TPMSs Considering the automotive industry's emphasis on safety and fuel efficiency, we can expect a strong demand from OEM as well as aftermarket segments. In addition, the rise of electric vehicles and automated driving technology will provide additional prospects for TPMS integration. In brief, innovation and sustainability-oriented focus will drive the market growth.
According to Ravi Bhandari, Research Head, 6Wresearch, direct tire pressure monitoring systems are gaining prominence due to their accuracy and real-time monitoring capabilities, making them suitable for a wide range of vehicle types, including both passenger cars and commercial vehicles.
The OEM segment leads on the back of new regulations necessitating TPMS installation in latest vehicles coupled with escalating consumer preferences for safety features
The passenger car segment accounts for the highest market share, due to growing vehicles-on-road and increasing consumer awareness about tire maintenance.
Due to the presence of a large automotive industry, along with strict safety norms, China is expected to remain in the front position as far as advanced TPMS solutions are concerned.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Tire Pressure Monitoring System Market Overview |
3.1 Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, 2021-2031F |
3.2 Asia Pacific Tire Pressure Monitoring System Market Revenue Share, By Types, 2021-2031F |
3.3 Asia Pacific Tire Pressure Monitoring System Market Revenue Share, By Sales Channels, 2021-2031F |
3.4 Asia Pacific Tire Pressure Monitoring System Market Revenue Share, By Vehicle Types, 2021-2031F |
3.5 Asia Pacific Tire Pressure Monitoring System Market Revenue Share, By Countries, 2021-2031F |
3.6 Asia Pacific Tire Pressure Monitoring System Market - Industry Life Cycle |
3.7 Asia Pacific Tire Pressure Monitoring System Market - Porter’s Five Forces |
4 Asia Pacific Tire Pressure Monitoring System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Tire Pressure Monitoring System Market Trends |
6 Asia Pacific Tire Pressure Monitoring System Market Overview, By Types |
6.1 Asia Pacific Direct Tire Pressure Monitoring System Market Revenues and Volume, 2021-2031F |
6.2 Asia Pacific Indirect Tire Pressure Monitoring System Market Revenues and Volume, 2021-2031F |
7 Asia Pacific Tire Pressure Monitoring System Market Overview, By Sales Channels |
7.1 Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, By OEMs, 2021-2031F |
7.2 Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, By Aftermarkets, 2021-2031F |
8 Asia Pacific Tire Pressure Monitoring System Market Overview, By Vehicle Types |
8.1 Asia Pacific Passenger Cars Tire Pressure Monitoring System Market Revenues and Volume, 2021-2031F |
8.2 Asia Pacific Commercial Vehicles Tire Pressure Monitoring System Market Revenues and Volume, 2021-2031F |
9 India Tire Pressure Monitoring System Market Overview |
9.1 India Tire Pressure Monitoring System Market Revenues and Volume, 2021-2031F |
9.2 India Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2021-2031F |
9.3 India Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2021-2031F |
9.4 India Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2021-2031F |
10 China Tire Pressure Monitoring System Market Overview |
10.1 China Tire Pressure Monitoring System Market Revenues and Volume, 2021-2031F |
10.2 China Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2021-2031F |
10.3 China Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2021-2031F |
10.4 China Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2021-2031F |
11 Japan Tire Pressure Monitoring System Market Overview |
11.1 Japan Tire Pressure Monitoring System Market Revenues and Volume, 2021-2031F |
11.2 Japan Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2021-2031F |
11.3 Japan Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2021-2031F |
11.4 Japan Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2021-2031F |
12 Australia Tire Pressure Monitoring System Market Overview |
12.1 Australia Tire Pressure Monitoring System Market Revenues and Volume, 2021-2031F |
12.2 Australia Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2021-2031F |
12.3 Australia Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2021-2031F |
12.4 Australia Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2021-2031F |
13 Indonesia Tire Pressure Monitoring System Market Overview |
13.1 Indonesia Tire Pressure Monitoring System Market Revenues and Volume, 2021-2031F |
13.2 Indonesia Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2021-2031F |
13.3 Indonesia Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2021-2031F |
13.4 Indonesia Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2021-2031F |
14 Malaysia Tire Pressure Monitoring System Market Overview |
14.1 Malaysia Tire Pressure Monitoring System Market Revenues and Volume, 2021-2031F |
14.2 Malaysia Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2021-2031F |
14.3 Malaysia Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2021-2031F |
14.4 Malaysia Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2021-2031F |
15 Thailand Tire Pressure Monitoring System Market Overview |
15.1 Thailand Tire Pressure Monitoring System Market Revenues and Volume, 2021-2031F |
15.2 Thailand Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2021-2031F |
15.3 Thailand Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2021-2031F |
15.4 Thailand Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2021-2031F |
16 Rest of Asia Pacific Tire Pressure Monitoring System Market Overview |
16.1 Rest of Asia Pacific Tire Pressure Monitoring System Market Revenues & Volume, 2021-2031F |
17 Asia Pacific Tire Pressure Monitoring System Market Key Performance Indicators |
18 Asia Pacific Tire Pressure Monitoring System Market Opportunity Assessment |
18.1 Asia Pacific Tire Pressure Monitoring System Market Opportunity Assessment, By Types, 2021-2031F |
18.2 Asia Pacific Tire Pressure Monitoring System Market Opportunity Assessment, By Sales Channels, 2021-2031F |
18.3 Asia Pacific Tire Pressure Monitoring System Market Opportunity Assessment, By Vehicle Types, 2021-2031F |
19 Asia Pacific Tire Pressure Monitoring System Market Competitive Landscape |
19.1 Asia Pacific Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021-2031F |
19.1.1 India Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021-2031F |
19.1.2 China Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021-2031F |
19.1.3 Japan Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021-2031F |
19.1.4 Australia Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021-2031F |
19.1.5 Indonesia Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021-2031F |
19.1.6 Malaysia Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021-2031F |
19.1.7 Thailand Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021-2031F |
19.2 Asia Pacific Tire Pressure Monitoring System Market Competitive Benchmarking, By Operating Parameters |
20 Company Profiles |
21 Key Strategic Recommendations |
22 Disclaimer |