As people have become more aware of driving safety and countries like the United States, EU, South Korea and China (Taiwan, Mainland) introduced mandatory standards on TPMS in recent years, global TPMS market, primarily OEM, has grown steadily. Global TPMS OEM market size was about 47.62 million sets with an installation rate of 50.1% in 2016. The figures for 2021 are expected to reach 81.27 million sets and 77.4%.
As mandatory European laws and regulations are implemented, Europe has surpassed the United States as the region with the largest demand worldwide, while China becomes the world’s third largest TPMS market after Europe and the United States by virtue of its enormous automobile market. The three regions seize a market share of 37.1%, 25.4% and 16.1%, respectively.
According to the requirements of China’s mandatory TPMS standard, for M1 auto models, all new certified vehicle must carry TPMS in the Chinese market by 2019 and all vehicles being produced must be compulsorily installed with TPMS in 2020, therefore China will overtake Europe to be the world’s largest TPMS market by 2020. Despite a late starter, China has seen gradual increase in the penetration of TPMS and substantial growth in TPMS market for consumers are more demanding on car safety performance. The installation rate of TPMS was about 27.3% and the TPMS OEM market 7.68 million sets or so in 2016.
Theoretical demand was 24.42 million sets in the Chinese TPMS OEM market in 2016 based on the country’s output of 24.42 million passenger cars, indicating a huge gap but also broad prospects for development. Propelled by the country’s mandatory TPMS standard, the installation rate in the Chinese TPMS OEM market will grow rapidly over the next couple of years, hitting an estimated 74.2% in 2021 on a market size of 23.22 million sets in 2021.
Global TPMS OEM market now is primarily dominated by Schrader, Continental, Pacific, ZF TRW and HUF, the five players holding a combined global market share of nearly 90% by virtue of technological superiority. Schrader, an undisputed bellwether, took an about 54.8% market share worldwide in 2017.
Although there are more than 100 local TPMS enterprises in China, only a dozen ones including Topsystm, Sate Auto Electronic, Shanghai Baolong Automotive and Hamaton Automotive Technology are capable of bulk supply.
For now, the TPMS on JV-branded cars is supplied by multi-national companies represented by Schrader, while local Chinese players gain an upper hand in supply of TPMS on homegrown car brands. However, as Chinese enterprises continue to improve their technologies, the typical company Shanghai Baolong Automotive and some other peers have begun providing TPMS for JV auto brands.
Global and China Tire Pressure Monitoring System (TPMS) Industry Report, 2017-2021 highlights the followings:
- Global TPMS industry (development environment, status quo, market size/structure, competitive landscape, development in major countries/regions);
- TPMS industry in China (development environment, status quo of technology/development, market demand, market penetration, market structure, competitive landscape, summary);
- 8 foreign, 25 Chinese mainland, 6 Taiwanese TPMS vendors and 5 TPMS sensor chip companies.
* The Chinese Version of this Report is Available on Request.
1 Overview of TPMS Industry
1.4 System Composition
1.5 Production Process
2 Global TPMS Industry
2.1 Development Environment
2.2 Industry Status
2.3 Market Size
2.4 Market Structure
2.5 Competitive Landscape
2.6 Major Countries
2.6.3 South Korea
3 China TPMS Industry
3.1 Development Environment
3.2 Technology Status
3.2.1 One-way TPMS
3.2.2 Two-way TPMS
3.2.3 BMBS Technology
3.2.4 Next-generation TPMS
3.3 Industry Status
3.4 Market Demand
3.5 Market Penetration
3.6 Market Structure
4 Foreign Companies
4.1.2 TPMS Business
4.1.3 Development in China
4.2.3 Revenue Structure
4.2.4 TPMS Business
4.2.5 Development in China
4.3 ZF TRW (Former TRW Automotive)
4.3.3 TPMS Business
4.3.4 Business in China
4.4 Huf Group
4.4.2 TPMS Business
4.5.2 TPMS Business
4.6.3 TPMS Business
4.7 Pacific Industrial
4.7.3 TPMS Business
4.8.3 Revenue Structure
4.8.4 TPMS Business
5 Mainland Chinese Companies
5.1 Kysonix Inc.
5.1.2 TPMS Business
5.2 Shanghai Baolong Automotive Corporation
5.2.3 Revenue Structure
5.2.4 Gross Margin
5.2.5 Major Customers
5.2.6 TPMS Business
5.2.7 Development Strategy
5.3 Hamaton Automotive Technology Co., Ltd.
5.3.3 Revenue Structure
5.3.4 Gross Margin
5.3.5 Major Customers
5.3.6 TPMS Business
5.3.7 Development Strategy
5.4 Shenzhen Hangsheng Electronics Co., Ltd.
5.4.3 TPMS Business
5.5 Steelmate Co., Ltd.
5.5.2 TPMS Business
5.6 Shanghai Topsystm Electronic Technology Co., Ltd.
5.6.2 TPMS Business
5.7 Shenzhen Autotech Co., Ltd.
5.7.2 TPMS Business
5.8 Sate Auto Electronic Co., Ltd
5.8.2 TPMS Business
5.9 DIAS Automotive Electronic Systems Co., Ltd.
5.9.2 TPMS Business
5.10 Nanjing Top Sun Technology Co., Ltd.
5.10.2 TPMS Business
5.11 Beijing Sincode Science & Technology Co., Ltd.
5.11.2 TPMS Business
5.12 Shenzhen Autel Technology Co., Ltd.
5.12.3 TPMS Business
5.13 Ningbo Fuerda Smartech Co., Ltd
5.13.3 TPMS Business
5.14 China Auto Electronics Group Limited (THB Group)
5.14.2 TPMS Business
5.15 Huizhou Foryou General Electronics Co., Ltd.
5.15.2 TPMS Business
5.16 Yangzhou Kooan Electronic Technology Co., Ltd.
5.16.2 TPMS Business
5.17 VICTON Electronic Technology Co., Ltd.
5.17.2 TPMS Business
5.18 Jiangsu Yunyi Electric Co., Ltd
5.18.2 TPMS Business
5.19 Shanghai Aero-Care Electronic Technology Co., Ltd.
5.19.2 TPMS Business
5.20 Shenzhen Shenyongtong Industrial Co., Ltd.
5.20.2 TPMS Business
5.21.1 Anhui Zhonghong Electronic Technology Co., Ltd.
5.21.2 Dongguan Saftire Automotive Safety Technology Co., Ltd.
5.21.3 LeTu Electronics Co., Ltd.
5.21.4 Guangdong LFF Technology Co., Ltd.
5.21.5 Shenzhen Careud Security Equipment Company Limited
6 Taiwanese Companies
6.1 Orange Electronic
6.1.3 Revenue Structure
6.1.4 TPMS Business
6.1.5 Development Strategy
6.2 Cub Elecparts Inc
6.2.3 Revenue Structure
6.2.4 TPMS Business
6.2.5 Development Strategy
6.3 TungThih Electronic
6.3.3 Revenue Structure
6.3.4 TPMS Business
6.3.5 Development Strategy
6.4.3 Revenue Structure
6.4.4 TPMS Business
6.5 Luhai Holding Corp.
6.5.3 Revenue Structure
6.5.4 TPMS Business
6.6 E-Lead Electronic
6.6.3 Revenue Structure
6.6.4 TPMS Business
7 Sensor Chip Suppliers
7.1 Market Overview
7.1.1 MEMS Market
7.1.2 TPMS Sensor Market
7.2.3 TPMS Solution
7.2.4 Business in China
7.3.3 TPMS Solution
7.3.4 Business in China
7.4.3 TPMS Solution
7.5 Guangdong Hiway Integrated Circuit Technology Co., Ltd.
7.5.2 TPMS Solution
- Anhui Zhonghong Electronic Technology Co., Ltd.
- Beijing Sincode Science & Technology Co., Ltd.
- China Auto Electronics Group Limited (THB Group)
- Cub Elecparts Inc
- DIAS Automotive Electronic Systems Co., Ltd.
- Dongguan Saftire Automotive Safety Technology Co., Ltd.
- E-Lead Electronic
- Guangdong Hiway Integrated Circuit Technology Co., Ltd.
- Guangdong LFF Technology Co., Ltd.
- Hamaton Automotive Technology Co., Ltd.
- Huizhou Foryou General Electronics Co., Ltd.
- Jiangsu Yunyi Electric Co., Ltd
- Kysonix Inc.
- LeTu Electronics Co., Ltd.
- Luhai Holding Corp.
- Nanjing Top Sun Technology Co., Ltd.
- Ningbo Fuerda Smartech Co., Ltd
- Orange Electronic
- Pacific Industrial
- Sate Auto Electronic Co., Ltd
- Shanghai Aero-Care Electronic Technology Co., Ltd.
- Shanghai Baolong Automotive Corporation
- Shanghai Topsystm Electronic Technology Co., Ltd.
- Shenzhen Autel Technology Co., Ltd.
- Shenzhen Autotech Co., Ltd.
- Shenzhen Careud Security Equipment Company Limited
- Shenzhen Hangsheng Electronics Co., Ltd.
- Shenzhen Shenyongtong Industrial Co., Ltd.
- Steelmate Co., Ltd.
- TungThih Electronic
- VICTON Electronic Technology Co., Ltd.
- Yangzhou Kooan Electronic Technology Co., Ltd.
- ZF TRW (Former TRW Automotive)