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Smart Tire Market
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Smart Tire Market

Author: Swarup Sahu - Senior Consultant, Report ID - DS2004028, Published - March 2025

Segmented in Tires Type (Pneumatic, Non-Pneumatic), Vehicle Type (Passenger Cars, Commercial Vehicles, Off-Road Vehicles), Features, Sales Channel, End Use and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Smart Tire Market Outlook

The market, for Smart tire was estimated at $1.5 billion in 2024; and it is anticipated to increase to $6.0 billion by 2030 with projections indicating a growth to around $18.7 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 25.7% over the forecast period. Based on the growth rate mentioned earlier its clear that the Smart Tire market is set to make progress in the years ahead. The markets strength and the importance of Smart Tires are firmly based on ongoing improvements in automotive technology and the increasing desire for safety and top notch performance among consumers. Aspects like fuel efficiency longer tire durability and precise real time data are boosting the reputation of Smart Tires as a key feature, in contemporary vehicles making them more commercially attractive. Additionally the continuous evolution of technology and the incorporation of IoT (IOT ), in the automotive sector are playing crucial roles in shaping this prediction.


Smart Tires or Intelligent Tires are designed with sensors that keep track of important factors related to tire performance such as internal pressure levels, tread depth conditions, temperature variations and signs of wear and tear. These specialized tires are commonly used in cars, luxury vehicles and commercial trucks with their applications expanding to areas, like motorsports and military operations as well.


Market Size Forecast & Key Insights

2019
$1.5B2024
2029
$14.9B2034

Absolute Growth Opportunity = $13.4B

The Smart Tire market is projected to grow from $1.5 billion in 2024 to $14.9 billion in 2034. This represents a CAGR of 25.7%, reflecting rising demand across Vehicle Monitoring Systems, Fleet Management and Advanced Driver Assistance Systems.

The Smart Tire market is set to add $13.4 billion between 2024 and 2034, with industry players targeting Fleet Management & Ride Sharing Services End Use projected to gain a larger market share.

With The advent of autonomous vehicles, and Government regulations mandating tpms implementation, Smart Tire market to expand 885% between 2024 and 2034.

Opportunities in the Smart Tire Market

Harnessing Technological Innovations

In today's evolving tech industry incorporating cutting edge technologies like AI and IoT into Smart Tire can open up new possibilities for market growth. Smart tires equipped with AI powered sensors that provide feedback on tire pressure tread wear and overall tire condition would be highly attractive, to contemporary customers who value safety and ease of use.

Expanding into Untapped Market Segments and Strategic Collaborations for Market Expansion

Manufacturers of tires have a great opportunity to create specialized products for new market areas that are yet to be explored fully. For instance the recreational vehicle industry could be ripe for innovation by incorporating Smart Tire technologies. Given the increasing popularity of RV travel and the growing need, for safety improvements developing Smart Tires with monitoring capabilities tailored for these vehicles might spur substantial market expansion.

Collaborations between manufacturers of Smart Tires and automotive companies have the potential to open up markets and expand customer outreach significantly. There is an opportunity in partnering with electric car manufacturers, in this rapidly growing sector to offer Smart Tires equipped with energy saving capabilities—a move that could greatly enhance the companys market standing and financial performance.

Growth Opportunities in North America and Europe

Europe Outlook

In Europe's market scenario where Smart Tires thrive and capture consumer attention easily due to the innovative automotive trends in countries like Germany and the UK and France showing increasing interest in the technology too; there is a diverse competitive landscape with top players such as Continental AG and Pirelli leading the way with advanced Smart Tire solutions that are ahead of the game in this regions market space. The push for Smart Tire adoption is further fueled by regulations enforcing tire pressure monitoring systems in vehicles across Europe which significantly drives demand for these cutting edge products while ensuring compliance with standards is a key focus, for companies operating within this market segment. Furthermore the growing awareness among consumers regarding fuel efficiency and the importance of proactive vehicle upkeep presents appealing prospects, for companies producing Smart Tires.

North America Outlook

North America is a leading force in the Smart Tire sector due to its use of cutting edge technologies and a population that embraces tech innovations readily. The continuous drive for innovation in vehicle technology by major automotive companies has created a significant market for Smart Tires in this region. Moreover the increasing use of telematics and fleet analytics in transportation and logistics plays a role, in advancing the application of Smart Tires. However there is still competition in the market with big players like Michelin and Bridgestone taking the lead. The main driving force in the region is the increasing need, for vehicle safety and better fuel efficiency a challenge that Smart Tires can meet.

North America Outlook

North America is a leading force in the Smart Tire sector due to its use of cutting edge technologies and a population that embraces tech innovations readily. The continuous drive for innovation in vehicle technology by major automotive companies has created a significant market for Smart Tires in this region. Moreover the increasing use of telematics and fleet analytics in transportation and logistics plays a role, in advancing the application of Smart Tires. However there is still competition in the market with big players like Michelin and Bridgestone taking the lead. The main driving force in the region is the increasing need, for vehicle safety and better fuel efficiency a challenge that Smart Tires can meet.

Europe Outlook

In Europe's market scenario where Smart Tires thrive and capture consumer attention easily due to the innovative automotive trends in countries like Germany and the UK and France showing increasing interest in the technology too; there is a diverse competitive landscape with top players such as Continental AG and Pirelli leading the way with advanced Smart Tire solutions that are ahead of the game in this regions market space. The push for Smart Tire adoption is further fueled by regulations enforcing tire pressure monitoring systems in vehicles across Europe which significantly drives demand for these cutting edge products while ensuring compliance with standards is a key focus, for companies operating within this market segment. Furthermore the growing awareness among consumers regarding fuel efficiency and the importance of proactive vehicle upkeep presents appealing prospects, for companies producing Smart Tires.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : U.S., Germany, China, Japan, UK are expected to grow at 24.7% to 36.0% CAGR

2

Emerging Markets : Mexico, Turkey, Argentina are expected to grow at 19.3% to 26.7% CAGR

Market Analysis Chart

The Smart Tire market is influenced by factors that drive its growth and development in different ways. Advancements in technology within the tire manufacturing sector play a role in propelling market expansion forward. Key drivers of the market comprise advancements in tire propulsion techniques. The integration of tire pressure monitoring systems alongside the increasing consumer demand for autonomous vehicles. The concept of maintenance enabled by Smart Tires also serves as a pivotal force behind ensuring safe and effective vehicle operations. Nevertheless the market encounters challenges that act as barriers, to its progress.

Recent Developments and Technological Advancement

December 2024

Goodyear introduced its Smart Tire technology that comes with built in sensors to alert drivers about the condition of their tires, in real time. This innovation has been well received by consumers. has helped Goodyear secure a large portion of the market share.

October 2024

Michelins innovative Smart Tire with state of the art tread wear technology has garnered feedback from customers and sparked significant changes, in consumer choices.

September 2024

announced by Bridgestone is a collaboration, with Tesla to integrate cutting edge Smart Tire innovations into the next generation of electric vehicles. This groundbreaking partnership is set to transform the sector as we know it.

Over the few years progress in various industries has driven the growth and popularity of Smart Tire technologies. These modern tires with integrated sensors are changing the sector by offering instant information about tire pressure, temperature and other important details, for safety and upkeep.

Impact of Industry Transitions on the Smart Tire Market

As a core segment of the A&T Technologies industry, the Smart Tire market develops in line with broader industry shifts. Over recent years, transitions such as Adoption of IoT in Smart Tires and EcoFriendly Smart Tires have redefined priorities across the A&T Technologies sector, influencing how the Smart Tire market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Adoption of IoT in Smart Tires:

With the rise of technology in vehicles comes a surge in innovative components like Smart Tires. These high tech tires leverage IOT technology to monitor pressure temperature and tread wear in time This enables drivers to receive valuable information, for improving safety and fuel efficiency. With the help of technology​ manufacturers of smart tires can now collect valuable data to improve the design of more robust and efficient products, for upcoming uses​. This shift is not only just transforming the tire industry. Also benefiting the automotive manufacturing sector by advocating for enhanced safety measures and infrastructure development​.

2

EcoFriendly Smart Tires:

In line with the drive, towards eco friendly practices and solutions the tire sector has reaffirmed its dedication to environmental preservation. The manufacturing of tires leaves a substantial carbon footprint, a fact that the industry aims to address through the introduction of environmentally friendly intelligent tires.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the A&T Technologies industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the A&T Technologies industry cascade into the Smart Tire market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: The Advent of Autonomous Vehicles, and Innovation in IoT and AI Technologies

The increasing presence of self driving cars has also significantly boosted the market for tires with smart technology features such as integrated sensors essential for providing precise real time data on road conditions and tire functionality necessary, for the safe operation of autonomous vehicles and advancing the growth of the smart tire industry.
The growth of innovation in the realm of IOT and AI has also fueled the expansion of the tire industry. By incorporating these technologies manufacturers of tires are also able to offer predictive maintenance and real time monitoring, which brings safety and cost advantages. Therefore the increasing significance of AI technologies, in the transportation industry is also propelling the adoption of smart tires.
Laws requiring Tire Pressure Monitoring Systems in cars have also greatly boosted the advancement of tire technology. Many countries now make it mandatory to use TPMSs for safety and fuel economy. This has also led to a demand for smart tires, with these features built in.

Restraint: High Implementation Costs

The potential of Smart Tire technology is huge with useful applications; however one of the main challenges is the high costs involved in implementing it in the market sector. For consumers considering these tire solutions it means making a substantial initial investment upfront which can be quite daunting for some individuals or businesses alike especially in regions with developing economies where the high prices may exceed the financial capabilities of potential buyers resulting in limited demand, for smart tires. The high cost of these upgrades for vehicles could definitely slow down market expansion because affordability is a key factor for consumers all, around the globe.

Challenge: Technological Complexity and Maintenance Challenges

In the realm of Smart Tireindustrysissues lie in the intricate technology and maintenance hurdles it brings along with it. The integration of technologies, in their design and functioning means that addressing and upkeeping these tires calls for specialized expertise and capabilities that often require professional assistance. Moreover; In some areas lacking the infrastructure required to service and fix Smart Tires can impede market expansion.

Supply Chain Landscape

Raw Material Suppliers

Continental AG

Bridgestone Corporation

Component & System Manufacturing

Michelin

Yokohama Rubber Co

Assembly & Integration
Goodyear Tire & Rubber Company / Pirelli & C. S.p.A
Distribution & Retail
Belle Tire / Discount Tire
Raw Material Suppliers

Continental AG

Bridgestone Corporation

Component & System Manufacturing

Michelin

Yokohama Rubber Co

Assembly & Integration

Goodyear Tire & Rubber Company

Pirelli & C. S.p.A

Distribution & Retail

Belle Tire

Discount Tire

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Automotive
Transport
Continental AG
Investment in advanced sensor technology and Artificial Intelligence for predictive maintenance and advanced safety
Aerospace
Aviation
Michelin
Focus on ultra-lightweight and durable smart tires, critical for aircraft landing safety and fuel efficiency
Agricultural
Agriculture
Bridgestone
Emphasis on Internet of Things (IoT) integrations, robust designs and versatile smart tires ideal for heavy-duty agricultural operations
Industrial Machinery
Heavy Industry
Goodyear
Prioritize smart tire solutions with real-time condition monitoring and predictive analytics capabilities, contributing to operational efficiency and downtime reduction

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Smart Tire market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Smart Tire in Fleet Management, Advanced Driver Assistance Systems and Vehicle Monitoring Systems

Fleet Management

Smart tires are becoming more common in fleet management settings because of their ability to gather data that boosts efficiency and reduces the risks linked to tire issues. Corporations such, as Bridgestone and Continental have seized this opportunity by providing a variety of tire options tailored for fleet operations requirements.

Advanced Driver Assistance Systems

Smart tires have also entered the world of Advanced Driver Assistance Systems . In this context they play a role by transferring tire sensor data to these systems to enhance vehicle control safety and efficiency. Both consumers and manufacturers reap the rewards of the improved safety measures and fuel efficiency brought about by tires in this setting. Companies such as Pirelli and Yokohama are leading the way in incorporating tire technologies into ADAS making a substantial impact, on market expansion.

Vehicle Monitoring Systems

Smart Tires play a role in the automotive industry by being an integral part of Vehicle Monitoring Systems that monitor tire pressure and temperature using sensors within the tires themselves. The real time data provided by these systems enhances safety measures by enabling measures to avoid tire issues before they occur. Big players in the sector such as Goodyear and Michelin have been at the forefront of incorporating Smart Tires into contemporary vehicles thanks to their expertise and market dominance, in technological innovations.

Smart Tire vs. Substitutes:
Performance and Positioning Analysis

Smart Tire stands out through its cutting-edge technology that offers real-time tire monitoring, superior to alternatives that lack this advanced analysis. Its market positioning offers potential for extensive growth in the tech-driven vehicle industry. These Alternatives specially Tire Pressure Monitoring System Sensor has experienced a rapid growth as detailed in our latest report.

Smart Tire
    Effective damage detection and prevention, Enhanced safety and fuel efficiency
    High installation and maintenance cost, Dependence on reliable internet connectivity
    Advanced damage detection, improved fuel efficiency
    Limited availability, higher upfront costs

Smart Tire vs. Substitutes:
Performance and Positioning Analysis

Smart Tire

  • Effective damage detection and prevention, Enhanced safety and fuel efficiency
  • High installation and maintenance cost, Dependence on reliable internet connectivity

Tire Pressure Monitoring System Sensor / Automotive Green Tires

  • Advanced damage detection, improved fuel efficiency
  • Limited availability, higher upfront costs

Smart Tire stands out through its cutting-edge technology that offers real-time tire monitoring, superior to alternatives that lack this advanced analysis. Its market positioning offers potential for extensive growth in the tech-driven vehicle industry. These Alternatives specially Tire Pressure Monitoring System Sensor has experienced a rapid growth as detailed in our latest report.

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Research Methodology

This market research methodology defines the Smart Tire market scope, gathers reliable data, and validates findings through integrated primary and secondary research. Our systematic framework ensures precise market sizing, adoption analysis, and competitive benchmarking tailored to solution-driven ecosystems.


Secondary Research Approach


We initiate secondary research by defining the targeted market at both Regional and Country levels. As part of the A&T Technologies ecosystem, we analyze Smart Tire across Pneumatic and Non-Pneumatic Applications. Data is systematically gathered from country level ministerial sources, industry associations & federations, company annual & quarterly reports and other credential sources, allowing us to map solution deployment trends, pricing models, compliance requirements, and technology adoption pathways.


Key Sources Referenced:


We benchmark competitors such as Michelin, Bridgestone, and Continental using verified industry reports, customer case studies, company disclosures, and partner ecosystem strategies. Our secondary insights uncover solution-specific drivers and inhibitors, which form the foundation for targeted primary research.


Primary Research Methods


We conduct structured interviews and surveys with solution stakeholders, including Raw Material Suppliers, Component & System Manufacturing, and Assembly & Integration. Geographic coverage spans North America (45%), Europe (33%), and Asia-Pacific (22%) and Middle East & Africa (5%). Our online surveys generally achieve a 72% response rate, while expert interviews deliver an 86% engagement level, resulting in a 93% confidence level with ±6.1% margin of error.


Through targeted questionnaires and in-depth interviews, we capture adoption motivators, integration challenges, return-on-investment perceptions, and solution stickiness across enterprise segments. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering and Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Adoption-Rate modeling to forecast solution demand with precision.


Top-down and Bottom-up Process


In the Top-down approach, we disaggregate global A&T Technologies revenues to estimate the Smart Tire segment, leveraging enterprise digitalization budgets and IT spending patterns. In the Bottom-up approach, we aggregate deployment data at the country and vertical levels, considering subscription volumes, integration projects, and solution renewals to forecast regional and global adoption. By reconciling both approaches, we ensure statistical robustness and forecast reliability.


We further map the solution delivery value chain spanning Raw Material Suppliers (Continental AG, Bridgestone Corporation), Component & System Manufacturing (Michelin, Yokohama Rubber Co), and Assembly & Integration. Our parallel substitute analysis examines Tire Pressure Monitoring System Sensor and Automotive Green Tires, highlighting diversification opportunities and competitive risks.


Company Market Share and Benchmarking


We benchmark leading solution providers such as Michelin, Bridgestone, and Continental, analyzing their strengths in deployment scalability, integration capabilities, customer retention, and partner ecosystem development. Company revenues, case deployments, and recurring revenue streams are assessed to estimate market shares and clarify competitive positioning.


Our integration of triangulated data, ecosystem mapping, and solution benchmarking, enhanced by our proprietary Directional Superposition methodology, ensures precise forecasts and actionable strategic insights into the Smart Tire market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Smart Tire Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 1.9 billion
Revenue Forecast in 2034USD 14.9 billion
Growth RateCAGR of 25.7% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20241.5 billion
Growth OpportunityUSD 13.4 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20241.5 billion USD
Market Size 20273.0 billion USD
Market Size 20294.7 billion USD
Market Size 20306.0 billion USD
Market Size 203414.9 billion USD
Market Size 203518.7 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredTires Type, Vehicle Type, Features, Sales Channel, End Use
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledMichelin, Bridgestone, Continental, Pirelli, Yokohama, Goodyear, Sumitomo Rubber, Canadian Tire, Hankook Tire, Schrader Electronics, Zhongce Rubber and Nokian Tyres.
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Smart Tire Market Size, Opportunities & Strategic Insights, by Tires Type

4.1Pneumatic
4.2Non-Pneumatic
Chapter 5

Smart Tire Market Size, Opportunities & Strategic Insights, by Vehicle Type

5.1Passenger Cars
5.2Commercial Vehicles
5.3Off-Road Vehicles
Chapter 6

Smart Tire Market Size, Opportunities & Strategic Insights, by Features

6.1Connected
6.2TPMS
6.3Others
Chapter 7

Smart Tire Market Size, Opportunities & Strategic Insights, by Sales Channel

7.1OEM
7.2Aftermarket
Chapter 8

Smart Tire Market Size, Opportunities & Strategic Insights, by End Use

8.1Personal Use
8.2Fleet Management
8.3Ride Sharing Services
8.4Others
Chapter 9

Smart Tire Market, by Region

9.1North America Smart Tire Market Size, Opportunities, Key Trends & Strategic Insights
9.1.1U.S.
9.1.2Canada
9.2Europe Smart Tire Market Size, Opportunities, Key Trends & Strategic Insights
9.2.1Germany
9.2.2France
9.2.3UK
9.2.4Italy
9.2.5The Netherlands
9.2.6Rest of EU
9.3Asia Pacific Smart Tire Market Size, Opportunities, Key Trends & Strategic Insights
9.3.1China
9.3.2Japan
9.3.3South Korea
9.3.4India
9.3.5Australia
9.3.6Thailand
9.3.7Rest of APAC
9.4Middle East & Africa Smart Tire Market Size, Opportunities, Key Trends & Strategic Insights
9.4.1Saudi Arabia
9.4.2United Arab Emirates
9.4.3South Africa
9.4.4Rest of MEA
9.5Latin America Smart Tire Market Size, Opportunities, Key Trends & Strategic Insights
9.5.1Brazil
9.5.2Mexico
9.5.3Rest of LA
9.6CIS Smart Tire Market Size, Opportunities, Key Trends & Strategic Insights
9.6.1Russia
9.6.2Rest of CIS
Chapter 10

Competitive Landscape

10.1Competitive Dashboard & Market Share Analysis
10.2Company Profiles (Overview, Financials, Developments, SWOT)
10.2.1Michelin
10.2.2Bridgestone
10.2.3Continental
10.2.4Pirelli
10.2.5Yokohama
10.2.6Goodyear
10.2.7Sumitomo Rubber
10.2.8Canadian Tire
10.2.9Hankook Tire
10.2.10Schrader Electronics
10.2.11Zhongce Rubber
10.2.12Nokian Tyres.