Global Connected Tire Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Rim Size;

12’’-17’’, 18’’-21’’ and Greater than 22’’.

By Sales Channel;

OEMS and Aftermarket.

By Vehicle;

Passenger Vehicles and Commercial Vehicles.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn860075456 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Connected Tire Market (USD Million), 2021 - 2031

In the year 2024, the Global Connected Tire Market was valued at USD 5.23 million. The size of this market is expected to increase to USD 199.37 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 68.2%.

The global connected tire market is at the forefront of innovation within the automotive industry, reshaping the way vehicles interact with the road and how drivers and fleet managers monitor and optimize their vehicles' performance. Connected tires, equipped with embedded sensors and advanced communication technologies, offer a wealth of benefits ranging from improved safety and enhanced driving experiences to optimized maintenance and increased fuel efficiency.

At its core, the concept of connected tires involves the integration of sensors within tire structures to collect real-time data on various parameters such as tire pressure, temperature, tread wear, and road conditions. This data is then transmitted wirelessly to onboard vehicle systems or cloud-based platforms, where it is analyzed and interpreted to provide actionable insights for drivers and fleet operators.

One of the key drivers behind the growth of the connected tire market is the increasing emphasis on vehicle safety and performance. By continuously monitoring tire health and performance metrics in real-time, connected tires can help prevent accidents caused by underinflated tires, uneven wear, or adverse road conditions. Early detection of potential issues allows drivers to take proactive measures, such as inflating tires to the correct pressure or adjusting driving behavior, to mitigate risks and ensure safer journeys.

In addition to safety benefits, connected tires also offer significant advantages in terms of vehicle efficiency and maintenance. By providing insights into tire wear patterns and operating conditions, connected tires enable more accurate tire maintenance scheduling, helping to extend tire lifespan, reduce downtime, and optimize fuel consumption. Fleet operators can leverage this data to implement proactive maintenance strategies, minimize operating costs, and maximize vehicle uptime.

The advent of autonomous and electric vehicles is driving demand for connected tire solutions that can support the unique requirements of these emerging vehicle technologies. Connected tires equipped with sensors capable of monitoring tire-road interactions in real-time can enhance the performance and safety of autonomous vehicles, enabling precise control and adaptive responses to changing road conditions. For electric vehicles, connected tires play a critical role in optimizing energy efficiency by providing insights into tire rolling resistance and temperature, helping to maximize range and battery life.

As the automotive industry continues to embrace digitalization and connectivity, the global connected tire market is poised for significant growth and innovation. With advancements in sensor technology, data analytics, and wireless communication, connected tires are set to become an integral component of modern vehicles, driving improvements in safety, efficiency, and sustainability on roads around the world.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Rim Size
    2. Market Snapshot, By Sales Channel
    3. Market Snapshot, By Vehicle
    4. Market Snapshot, By Region
  4. Global Connected Tire Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Safety Concerns
        2. Regulatory Requirements
        3. Efficiency and Sustainability
        4. Advancements in Sensor Technology
      2. Restraints
        1. Cost of Implementation
        2. Complexity and Reliability Concerns
        3. Data Privacy and Security Risks
        4. Interoperability Challenges
      3. Opportunities
        1. Safety Enhancements
        2. Fleet Management Solutions
        3. Efficiency Optimization
        4. Data-driven Insights
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Connected Tire Market, By Rim Size, 2021 - 2031 (USD Million)
      1. 12’’-17’’
      2. 18’’-21’’
      3. Greater than 22’’
    2. Global Connected Tire Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. OEMS
      2. Aftermarket
    3. Global Connected Tire Market, By Vehicle, 2021 - 2031 (USD Million)
      1. Passenger Vehicles
      2. Commercial Vehicles
    4. Global Connected Tire Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Bridgestone Corporation
      2. The Goodyear Tire & Rubber Company
      3. MICHELIN
      4. Continental AG
      5. Pirelli & C. S.p.A.
  7. Analyst Views
  8. Future Outlook of the Market