The global automatic tire inflation system (ATIS) market is projected to reach a valuation of USD 2,178.1 million in 2023, with a promising growth trajectory driven by telematics integration. The market is expected to expand at a CAGR of 5.6% from 2023 to 2033, potentially achieving a total valuation of approximately USD 3,755.9 million by 2033.
A key factor propelling the growth of the ATIS market is the rise of smart cities and infrastructure. In these smart environments, ATIS can be integrated into infrastructure systems to monitor and manage tire pressure in public transportation and commercial vehicle fleets, enhancing urban mobility and safety.
ATIS is increasingly being integrated with other vehicle safety and connectivity technologies, such as advanced driver assistance systems (ADAS) and vehicle-to-vehicle (V2V) communication systems. This convergence helps vehicle manufacturers and operators meet stringent emission standards by improving fuel efficiency and reducing greenhouse gas emissions, aligning with more rigorous environmental regulations.
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The market is also benefiting from the customization of ATIS solutions to suit various vehicle types and applications, fostering broader adoption across diverse industries. Collaborations between ATIS providers, vehicle manufacturers, and technology companies are driving innovation and the development of integrated solutions that cater to a wider customer base.
Additionally, the data collected by ATIS systems offers opportunities for monetization through insights and analytics services, providing an extra revenue stream for providers. Innovations in materials and manufacturing techniques are leading to more durable and cost-effective ATIS components, making the technology increasingly accessible and appealing to a broader audience.
Key Takeaways from the Automatic Tire Inflation System Market Report:
- The market in India is expected to expand at a CAGR of 7.3% through 2033.
- By sales channel, the OEM segment to account for a share of 47.5% in 2023.
- From 2023 to 2033, the automatic tire inflation system market is expected to flourish at a CAGR of 5.6%.
- By 2033, the market value of the automatic tire inflation system is expected to reach US$ 3,755.9 million.
Competitive Landscape
The key strategies chosen by large companies include several growth strategies such as technology development, expansion as well and mergers and acquisitions to surge market share, reach and revenue.
- In 2023, BFGoodrich Tires introduced the BFGoodrich® ActivAir, a fully integrated tire inflation system designed to enhance off road capabilities. The system enables drivers to adjust tire pressure without leaving their seats, offering convenience and flexibility in various off road situations.
- In 2023, Danfoss Editron partnered with Meritor Inc. and Electra Commercial Vehicles to widen its product portfolio and offer a complete ATIS solution for electric commercial vehicles.
- In 2022, EnPro Industries acquired Bridgestone Commercial Solutions, a leading provider of ATIS for commercial vehicles. The acquisition expands the product portfolio of the company and strengthens its position in the ATIS market.
- In 2021, John Deere launched its 8R series tractor with a home built ATIS system integrated as an option.
Leading Key Players:
- Dana Incorporated
- Meritor, Inc.
- EnPro Industries, Inc.
- Nexter Group
- Servitech Industries, Inc.
- Hendrickson USA, LLC
- Tire Pressure Control International Ltd.
- PTG Reifendruckregelsysteme GmbH
- Aperia Technologies, Inc.
- Systems GmbH
- Bigfoot Equipment Ltd.
- Tibus Offload Ltd. & Co. KG
- AIR CTI
- FTL Technology Limited
- Col-Ven S.A.
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Recent Developments:
- In 2022, Goodyear Tire & Rubber Company launched the Goodyear IntelliTire Max, a next-generation ATIS that combines real-time tire pressure monitoring with intelligent inflation capabilities. The system is designed to improve fuel efficiency, extend tire life, and reduce downtime.
- In the same year, Michelin introduced the Michelin Zen@Terra, a comprehensive solution that enables users to adjust the air pressure in tractor tires. Michelin also acquired Masternaut (France), a significant European telematics company. Telematics has a significant role in user-friendly and data-driven TPMS, which can be integrated with onboard ATIS/CTIS.
- In 2021, Dana Incorporated entered a strategic alliance with Hyliion Inc. to bolster its market position and drive toward sustainability.
- In the same year, Transense Technologies plc collaborated with Bridgestone Corporation to develop and market a new generation of ATIS for commercial vehicles.
Automatic Tire Inflation System Market Segmentation:
By Vehicle Type:
- Tractors
- Heavy Commercial Vehicles (HCV)
- Utility Vehicles
By Sales Channel:
- Original Equipment Manufacturer (OEM)
- Aftermarket
By Component:
- Hub Caps
- Hoses
- Axle & Wheel Component
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
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