Global TPMS Chipsets Market Emerging Trends, Technological Advancements, and Business Strategies (2024-2030)

The Global TPMS Chipsets Market size was valued at US$ 2.34 billion in 2024 and is projected to reach US$ 3.7 billion by 2030, at a CAGR of 7.8% during the forecast period 2024-2030.

The United States TPMS Chipsets market size was valued at US$ 612.5 million in 2024 and is projected to reach US$ 937.8 million by 2030, at a CAGR of 7.3% during the forecast period 2024-2030.

Integrated circuits specifically designed for tire pressure monitoring systems, incorporating pressure sensing, temperature measurement, and wireless communication capabilities. These chipsets enable real-time monitoring of tire conditions for improved vehicle safety and performance.

Report Overview

This report provides a deep insight into the global TPMS Chipsets market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global TPMS Chipsets Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the TPMS Chipsets market in any manner.
Global TPMS Chipsets Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company

• Sensata
• NXP
• Infineon Technologies
• AutoChips Inc.
• SENASIC
• Guangdong Hiway

• OEM
• Aftermarket

• Passenger Cars
• Commercial Vehicles

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the TPMS Chipsets Market
• Overview of the regional outlook of the TPMS Chipsets Market:

• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porters five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Customization of the Report
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Drivers:

1. Increasing Vehicle Safety Awareness: The growing awareness of vehicle safety and the need for accident prevention are key drivers for the Tire Pressure Monitoring System (TPMS) market. TPMS chipsets are critical components in monitoring tire pressure in real-time, alerting drivers when tire pressure is low or irregular. This feature significantly reduces the risk of accidents due to under-inflated tires, driving the demand for TPMS chipsets across automotive markets globally.
2. Government Mandates and Regulations: In many regions, including the United States, the European Union, and parts of Asia, regulations requiring TPMS installation in new vehicles are driving market growth. These regulations, designed to improve vehicle safety and reduce tire-related accidents, have made TPMS a standard feature in modern vehicles, further boosting the demand for TPMS chipsets.
3. Growth of the Automotive Industry: The expanding global automotive industry, particularly with the rising production of electric vehicles (EVs) and smart vehicles, is a major driver for TPMS chipsets. As new vehicles are increasingly equipped with advanced safety features, the demand for TPMS chipsets to monitor tire conditions in real-time has surged, contributing to the growth of the market.
4. Technological Advancements in Chipsets: The continuous innovation and development of more efficient, compact, and cost-effective TPMS chipsets have driven market growth. With advancements such as improved sensor integration, wireless capabilities, and better power efficiency, modern TPMS chipsets are becoming more attractive to both vehicle manufacturers and consumers, enhancing their adoption.

Restraints:

1. High Costs of Implementation: Although the technology offers significant safety advantages, the initial cost of integrating TPMS chipsets into vehicles can be a barrier. This includes the cost of the chipsets themselves as well as the installation and calibration required. For automakers, particularly in price-sensitive markets, the added cost may limit the widespread adoption of TPMS in lower-end models or vehicles.
2. Dependence on Battery Life and Maintenance: TPMS chipsets are often powered by batteries that need to be periodically replaced or maintained, especially in sensor-based systems. The lifetime of these batteries can impact the long-term effectiveness and cost of the system. The need for regular maintenance, which can be costly and inconvenient for vehicle owners, may deter some consumers from fully embracing TPMS technology.
3. Technological Challenges in Harsh Environments: TPMS chipsets need to operate reliably under harsh environmental conditions, such as extreme temperatures, humidity, and vibrations. While advancements have been made, the durability and performance of these chipsets in such environments can still pose challenges. This could affect the adoption of TPMS systems, particularly in regions with extreme weather conditions or in vehicles subject to heavy-duty use.

Opportunities:

1. Rising Adoption of Electric Vehicles (EVs): The shift towards electric vehicles is presenting a significant opportunity for the TPMS chipset market. EVs typically incorporate more advanced monitoring and safety systems, including TPMS, due to the critical importance of tire efficiency in maximizing battery life and vehicle performance. As the global EV market grows, the demand for TPMS chipsets integrated into electric and hybrid vehicles will continue to rise.
2. Expansion in Emerging Markets: The automotive market in emerging economies, such as India, China, and Latin America, is expanding rapidly. As these markets experience growth in vehicle production and consumer demand for safer, more advanced vehicles, the adoption of TPMS systems will increase. Additionally, with regulatory standards becoming stricter in some of these regions, automakers will be required to equip vehicles with TPMS, further boosting the demand for chipsets.
3. Integration with Smart Vehicle Technologies: As vehicles become increasingly “smart” with the integration of technologies like autonomous driving, connectivity, and advanced driver assistance systems (ADAS), TPMS chipsets are expected to play a key role in the broader ecosystem. The opportunity exists to integrate TPMS with other vehicle monitoring systems to create a more comprehensive, data-driven approach to vehicle health, improving both safety and performance.
4. Innovation in Wireless TPMS Solutions: The development of wireless TPMS technologies presents an opportunity for manufacturers to offer more flexible, cost-effective solutions. Wireless TPMS chipsets, which can be easily integrated into vehicles without the need for extensive wiring or physical installation, are becoming more popular. These innovations reduce installation complexity and cost, which could spur adoption, particularly in the aftermarket segment.

Challenges:

1. Inaccuracies and False Alerts: One of the key challenges facing TPMS chipsets is the potential for inaccuracies or false alerts. In some cases, TPMS systems may report issues like low tire pressure when the tire is actually fine, leading to unnecessary service visits. Similarly, failure to accurately detect significant issues can undermine the system’s effectiveness, which may erode consumer trust in the technology and reduce its overall adoption.
2. Market Fragmentation and Standardization Issues: The TPMS market is still somewhat fragmented, with different automotive manufacturers using varied systems and chipsets, sometimes with incompatibilities. The lack of standardized solutions can complicate the implementation of TPMS across different regions and manufacturers. A lack of standardization can result in increased costs for suppliers and may lead to difficulties in maintaining consistency in the performance of the systems.
3. Data Security Concerns in Connected Vehicles: As TPMS chipsets become integrated into connected vehicle systems, the security of the data transmitted by these systems becomes a significant concern. Hackers could potentially gain access to sensitive vehicle data or manipulate the TPMS system to cause damage or disrupt operations. Ensuring robust data security and protection against cyberattacks will be essential for the continued growth and acceptance of TPMS technology in connected vehicles.
4. Compatibility with Aftermarket Installations: For consumers looking to retrofit their existing vehicles with TPMS, compatibility between aftermarket TPMS chipsets and older vehicle models can be a challenge. Many older vehicles were not originally designed to accommodate modern TPMS systems, and retrofitting can be complex and costly. This presents a challenge for the aftermarket segment of the TPMS chipset market.