In 2023, the global automatic tire inflation system market achieved a valuation of USD 83.6 million, and it is anticipated to exhibit a compound annual growth rate (CAGR) of 10.9% from 2024 to 2030. This growth trajectory is expected to lead to a market value of USD 171.8 million by the year 2030.
This growth of the market can be credited to the rise in the making and sale of all-landscape and heavy commercial vehicles worldwide. For them, automatic tire inflation systems are utilized widely to advance security and effectiveness. Such systems aid in growing car performance and boost economy, which eventually leads to reduced downtime. Few nations are instructing their use of heavy-duty trucks to decrease the probability of accidents.
The predominant category commands a substantial 60% share of the overall revenue and is projected to experience noteworthy growth with a Compound Annual Growth Rate (CAGR) of 10.7% throughout the forecast period. The rationale behind this robust growth lies in the diverse advantages offered by these variants, tailored to specific industries and vehicle types.
Notably, these variants facilitate real-time adjustment of tire pressure while in motion, allowing vehicles to seamlessly adapt to fluctuating load conditions and diverse terrains. This adaptability proves particularly advantageous in applications such as off-roading, military operations, and agricultural settings. The ability to fine-tune air pressure based on terrain conditions significantly enhances traction, thereby improving overall vehicle stability and performance.
Within the segmentation based on components, the ECU category stands out with the highest market revenue share at 25%. This leading position is attributed to the ECU’s pivotal role as the central processing unit, serving as the brain of the entire system. Its primary function involves the continual analysis of tire pressure data sourced from sensors, enabling it to execute precise adjustments for maintaining optimal levels.
The ECU takes charge of controlling both inflation and deflation processes through diagnostics, effectively communicating with the driver. Notably, its seamless integration capabilities with various vehicle control systems contribute to improved coordination across different vehicle functions, further accentuating its dominance in the market.
The North American region is producing the highest income in the industry, of USD 0.04 billion, and it is projected to advance at a substantial CAGR, of 10.8%, in the years to come.