Automotive Tire Pressure Monitoring System (TPMS) Market Size by 2033

Research Methodology – Automotive Tire Pressure Monitoring System (TPMS) Market

At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Automotive Tire Pressure Monitoring System (TPMS) Market comprises the following key stages:

Market Indicator & Macro-Factor Analysis

Our baseline thesis for the Automotive Tire Pressure Monitoring System (TPMS) Market is developed by integrating key market indicators and macroeconomic variables. These include:

Factors considered while calculating market size and share:

Current and projected vehicle production rates nationally and globally
The prevalence of TPMS technology in new vehicles
Legal and regulatory frameworks impacting TPMS implementation
Average lifespan and replacement schedule of TPMS
Consumer awareness and preference for vehicles equipped with TPMS
Adoption rate among automotive manufacturers
Current and potential market penetration in emerging markets
Price trends of TPMS components
Level of competition in the market
Technological advancements in the TPMS industry

Key Market Indicators:

Global car production and sales statistics
Regulations regarding the mandatory installation of TPMS in new vehicles
Growth rate of the entire automotive sensor market
Market share of key TPMS manufacturers
Rate of TPMS failures and replacements
Consumer safety concerns and preferences
Trends in Fuel Efficiency, which can be influenced by proper tire pressure
Consumer spending power and willingness to pay for added vehicle features

Growth Trends:

Increasing demand for safety features in vehicles
Strict government regulations for vehicle safety
Technological advancements in TPMS
Growth of the automotive market in emerging economies
Increasing adoption of TPMS in commercial vehicles
Integration of TPMS with other vehicle systems for enhanced performance
Rising interest in autonomous vehicles, which rely heavily on accurate sensor data

Secondary Research

Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Automotive Tire Pressure Monitoring System (TPMS) Market. Key inputs include:

Company-Level Information

Annual reports, investor presentations, SEC filings
Company press releases and product launch announcements
Public executive interviews and earnings calls
Strategy briefings and M&A updates

Industry and Government Sources

Country-level industry associations and trade bodies
Government dossiers, policy frameworks, and official releases
Whitepapers, working papers, and public R&D initiatives
Relevant Associations for the Automotive Tire Pressure Monitoring System (TPMS) Market

Market Intelligence Sources

Broker reports and financial analyst coverage
Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
Import/export trade data and tariff databases
Sector-specific journals, magazines, and news portals

Macro & Consumer Insights

Global macroeconomic indicators and their cascading effect on the industry
Demand–supply outlook and value chain analysis
Consumer behaviour, adoption rates, and commercialization trends

Primary Research

To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:

Expert Insights & KOL Engagements

Key Opinion Leader (KOL) Engagements
Structured interviews with executives, product managers, and domain experts
Paid and barter-based interviews across manufacturers, distributors, and end-users

Focused Discussions & Panels

Discussions with stakeholders to validate demand-supply gaps
Group discussions on emerging technologies, regulatory shifts, and adoption barriers

Data Validation & Business POV

Cross-verification of market sizing and forecasts with industry insiders
Capturing business perspectives on growth opportunities and restraints

Data Triangulation & Forecasting

The final step of our research involves data triangulation ensuring accuracy through cross-verification of:

Demand-side analysis (consumption patterns, adoption trends, customer spending)
Supply-side analysis (production, capacity, distribution, and market availability)
Macroeconomic & microeconomic impact factors

Forecasting is carried out using proprietary models that combine: