Latin America Tire Pressure Monitoring System Market Size & Outlook
The tire pressure monitoring system market in Latin America is expected to reach a projected revenue of US$ 1,329.6 million by 2030. A compound annual growth rate of 10.1% is expected of Latin America tire pressure monitoring system market from 2024 to 2030.
Revenue, 2023 (US$M)
$679.0
Forecast, 2030 (US$M)
$1,329.6
CAGR, 2024 - 2030
10.1%
Report Coverage
Latin America
Latin America tire pressure monitoring system market highlights
- The Latin America tire pressure monitoring system market generated a revenue of USD 679.0 million in 2023.
- The market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, direct tpms was the largest revenue generating type in 2023.
- Direct TPMS is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 679.0 million |
| Market revenue in 2030 | USD 1,329.6 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Direct tpms |
| Fastest growing segment | Direct TPMS |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Direct TPMS |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.2% of the global tire pressure monitoring system market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,114.9 million by 2030.
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Tire Pressure Monitoring System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ALLIGATOR sens.it | View profile | 101-250 | Murfreesboro, Tennessee, United States, North America | https://www.alligator-valves.com |
| Delphi Technologies | View profile | 10001+ | London, England, United Kingdom, Europe | https://www.delphi.com |
| ZF Group | View profile | 10001+ | Friedrichshafen, Baden-Wurttemberg, Germany, Europe | http://zf.com |
| Sensata Technologies Holding PLC | View profile | 19400 | 529 Pleasant Street, Attleboro, MA, United States, 02703 | https://www.sensata.com |
| Valor Industries | View profile | 11-50 | Ahmedabad, Gujarat, India, Asia | https://www.gelid.in |
| Valeo SA | View profile | 112740 | 100, rue de Courcelles, Cedex 17, Paris, France, 75017 | https://www.valeo.com |
| HELLA GmbH & Co KGaA | View profile | 37743 | Rixbecker Strasse 75, Lippstadt, NW, Germany, 59552 | https://www.hella.com |
| Denso Corp | View profile | 195471 | 1-1 Showa-cho, Kariya, Japan, 448-8661 | http://www.denso.co.jp |
| Continental AG | View profile | 200888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | https://www.continental.com |
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