Global Smart Tire Market Growth, Size, Trends Analysis - By Offering, By Vehicle, By Technology, By Sales Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
Global Smart Tire Market Growth, Size, Trends Analysis - By Offering, By Vehicle, By Technology, By Sales Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Apr-2025 | Report ID: AMIN2510 | Pages: 1 - 260 | Formats*: |
| Category : Automotive & Transportation | |||
Smart Tire Market Introduction and Overview
According to SPER Market Research, the Global Smart Tire Market is estimated to reach USD 219.07 billion by 2034 with a CAGR of 8.26%.
The report includes an in-depth analysis of the Global Smart Tire Market, including market size and trends, product mix, Applications, and supplier analysis. Smart Tyre Market was valued at USD 99.06 billion in 2024 and is expected to grow at a CAGR of more than 8.26% between 2025 and 2034. The key growth drivers for smart tyre adoption are improved vehicle safety and rising global accident rates. Drivers can reduce the risk of accidents caused by underinflated or worn-out tires by maintaining optimal tire conditions through real-time monitoring of temperature, tread wear, and tire pressure. Smart tires can improve vehicle handling and fuel efficiency by supplying information to advanced traction control and stability systems.
By Vehicle Insights
The market is divided into passenger and commercial vehicles. By 2034, the passenger vehicle segment is expected to have the largest revenue share. The growth is due to connected vehicle technologies. Smart tire systems allow tire data access through wireless communication with telematics platforms, smartphone apps, and onboard systems, enhancing the driving experience by monitoring conditions and providing maintenance alerts and tire suggestions.
By Sales Channel Insights
The market is divided into OEM and aftermarket segments based on the sales channel. In 2024, the OEM segment had the largest revenue share. Smart tire systems allow easy access to tire data through wireless communication with telematics platforms, smartphone apps, and vehicle systems. This helps drivers manage tire conditions, get maintenance alerts, and receive personalized tire pressure suggestions. OEMs face pressure to improve fuel efficiency and reduce emissions due to legal and environmental needs. Smart tires achieve this by maximizing tire pressure and reducing rolling resistance. Manufacturers aim for sustainability by using smart tire technology.
Regional Insights
North America holds the largest market share in 2024 and is expected to grow rapidly until 2034. There is high demand for connected vehicle solutions and advanced automotive technology in this region. Awareness of smart tire technology's benefits, such as convenience, safety, and fuel efficiency, is increasing. As a result, the sector is developing and gaining investment. The rise of electric and autonomous vehicles in the U. S. is also boosting the need for advanced tire technologies, promoting innovation in the smart tire industry.
Market Competitive Landscape
Bridgestone and Continental AG hold the highest market share. Bridgestone has invested significantly in smart tyre technology. Bridgestone Connect, the company's in-house designed tire monitoring technology, provides real-time tire pressure and temperature monitoring.
Continental AG offers tire information systems (TIS), tire condition monitoring systems (TCMS), and tire pressure monitoring systems (TPMS), among other smart tire solutions. Continental is also investing in cutting-edge sensor technologies and communication solutions to enhance the functionality and performance of its smart tyre systems.
Recent Developments:
Goodyear and TDK announced a partnership in January 2024 to develop superior next-generation tyre solutions. By combining TDK's software, sensors, and electrical component experience with Goodyear's tire development, intelligent solutions, and industry knowledge, the firms intend to introduce a successful tire sensing system in a collaborative manner.
Continental AG stated in July 2023 that their Conti urban tire line would have next-generation sensors. The Conti Urban HA3, Conti UrbanScandinavia HA3+, and Conti UrbanScandinavia HD3 smart tires were produced and introduced in August 2023.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Offering, By Vehicle, By Technology, By Sales Channel |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Bridgestone Corporation, Continental AG, Hankook Tire & Technology Group, Michelin Group, NIRA Dynamics AB, Nokian Tyres plc, Pirelli & C. S.p.A, Sumitomo Rubber Industries, Ltd, The Goodyear Tire & Rubber Company, Toyo Tire Corporation. |
Key Topics Covered in the Report
- Global Smart Tire Market Size (FY’2021-FY’2034)
- Overview of Global Smart Tire Market
- Segmentation of Global Smart Tire Market By Offering (Pneumatic, Non-Pneumatic)
- Segmentation of Global Smart Tire Market By Vehicle (Passenger, Commercial)
- Segmentation of Global Smart Tire Market By Technology (Tire Pressure Monitoring, Temperature Monitoring, Tire Tread Monitoring, Load Monitoring)
- Segmentation of Global Smart Tire Market By Sales Channel (OEM, Aftermarket)
- Statistical Snap of Global Smart Tire Market
- Expansion Analysis of Global Smart Tire Market
- Problems and Obstacles in Global Smart Tire Market
- Competitive Landscape in the Global Smart Tire Market
- Details on Current Investment in Global Smart Tire Market
- Competitive Analysis of Global Smart Tire Market
- Prominent Players in the Global Smart Tire Market
- SWOT Analysis of Global Smart Tire Market
- Global Smart Tire Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Smart Tire Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Smart Tire Market
7. Global Smart Tire Market, By Offering (USD Million) 2021-2034
7.1. Pneumatic7.2. Non-pneumatic
8. Global Smart Tire Market, By Vehicle (USD Million) 2021-2034
8.1. Passenger vehicles8.2. Commercial vehicles
9. Global Smart Tire Market, By Technology (USD Million) 2021-2034
9.1. Tire pressure monitoring9.2. Temperature monitoring9.3. Tire tread monitoring9.4. Load monitoring9.5. Others
10. Global Smart Tire Market, By Sales Channel (USD Million) 2021-2034
10.1. OEM10.2. Aftermarket
11. Global Smart Tire Market, (USD Million) 2021-2034
11.1. Global Smart Tire Market Size and Market Share
12. Global Smart Tire Market, By Region, (USD Million) 2021-2034
12.1. Asia-Pacific
12.1.1. Australia12.1.2. China12.1.3. India12.1.4. Japan12.1.5. South Korea12.1.6. Rest of Asia-Pacific
12.2. Europe
12.2.1. France12.2.2. Germany12.2.3. Italy12.2.4. Spain12.2.5. United Kingdom12.2.6. Rest of Europe
12.3. Middle East and Africa
12.3.1. Kingdom of Saudi Arabia12.3.2. United Arab Emirates12.3.3. Qatar12.3.4. South Africa12.3.5. Egypt12.3.6. Morocco12.3.7. Nigeria12.3.8. Rest of Middle-East and Africa
12.4. North America
12.4.1. Canada12.4.2. Mexico12.4.3. United States
12.5. Latin America
12.5.1. Argentina12.5.2. Brazil12.5.3. Rest of Latin America
13. Company Profile
13.1. Bridgestone Corporation
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Continental AG
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Hankook Tire & Technology Group
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Michelin Group
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. NIRA Dynamics AB
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Nokian Tyres plc
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Pirelli & C. S.p.A
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Sumitomo Rubber Industries, Ltd
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. The Goodyear Tire & Rubber Company
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Toyo Tire Corporation
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Smart Tire Market is projected to reach USD 219.07 billion by 2034, growing at a CAGR of 8.26% during the forecast period.
Smart Tire Market grew in Market size from 2025. The Market is expected to reach USD 219.07 billion by 2034, at a 8.26% during the forecast period.
Smart Tire Market CAGR of 8.26% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Smart Tire Marketsize is USD 219.07 billion from 2025 to 2034.
Smart Tire Market is covered By Offering, By Vehicle, By Technology, By Sales Channel
The North America is anticipated to have the highest Market share in the Pyrethroids Market .
Bridgestone Corporation, Continental AG, Hankook Tire & Technology Group, Michelin Group, NIRA Dynamics AB, Nokian Tyres plc, Pirelli & C. S.p.A, Sumitomo Rubber Industries, Ltd, The Goodyear Tire & Rubber Company, Toyo Tire Corporation
The report includes an in-depth analysis of the Global Smart Tire Market, including market size and trends, product mix, Applications, and supplier analysis. Smart Tyre Market was valued at USD 99.06 billion in 2024 and is expected to grow at a CAGR of more than 8.26% between 2025 and 2034
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