PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1919722
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1919722
Connected Tire Market Insights, Competitive Landscape, and Market Forecast - 2033
The global Connected Tire Market is witnessing an era of transformative growth, fueled by the increasing integration of smart technologies in vehicles and rising demand for road safety solutions. Connected tires, also known as smart tires, feature advanced sensors and wireless connectivity that monitor tire conditions in real-time, providing critical data on pressure, temperature, tread wear, and road conditions. These features not only improve vehicle safety but also enhance performance, fuel efficiency, and the overall driving experience.
With the rising adoption of electric vehicles (EVs) and autonomous driving systems, connected tires are emerging as a key component of modern automotive ecosystems. Market projections indicate that the connected tire market will grow from 4.9 million units in 2026 to 163.8 million units by 2033, achieving a remarkable CAGR of 65.10% during the forecast period.
Market Insights
Connected tires are at the forefront of the automotive industry's shift toward smarter, data-driven mobility. These tires offer predictive maintenance capabilities, alerting drivers and fleet operators about potential tire failures and abnormal wear patterns, reducing accident risks and maintenance costs.
Additionally, connected tires provide actionable insights for fleet management. Real-time tire performance data allows logistics and transportation companies to optimize operations, reduce downtime, and improve fuel efficiency. Beyond vehicles, data collected from connected tires can integrate with smart city infrastructure to support traffic management systems, enhancing urban mobility and safety.
Automotive manufacturers and tire companies are investing heavily in research and development to create durable, high-precision sensors capable of withstanding diverse driving conditions. Integration with vehicle telematics systems and AI-driven analytics further enhances the value proposition of connected tire solutions.
Drivers
The market growth of connected tires is being driven by multiple key factors:
- 1. Enhanced Road Safety: Real-time monitoring helps detect low tire pressure, abnormal wear, and other hazards, reducing accidents.
- 2. Rise of Electric and Autonomous Vehicles: Smart tire solutions are essential for EVs and self-driving cars to maintain optimal performance and efficiency.
- 3. Technological Advancements: IoT-enabled sensors and wireless connectivity are making connected tires more reliable and cost-effective.
- 4. Fleet Optimization: Commercial vehicle operators leverage connected tires to minimize downtime, optimize fuel consumption, and lower maintenance expenses.
- 5. Regulatory Support: Governments worldwide are enforcing stringent safety and emission regulations, prompting adoption of intelligent tire systems.
Business Opportunities
The connected tire market presents immense opportunities for tire manufacturers, automotive OEMs, and technology providers. Companies offering integrated hardware and software solutions, including predictive analytics and telematics integration, are positioned to benefit significantly.
The aftermarket sector also presents strong growth potential through services like predictive maintenance, tire performance monitoring, and fleet analytics solutions. Emerging markets in Asia Pacific and Latin America provide lucrative prospects due to rising vehicle ownership, growing awareness of safety solutions, and increasing adoption of smart mobility technologies. Strategic partnerships between tire manufacturers and technology firms are expected to accelerate innovation and market penetration.
Regional Analysis
The connected tire market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa:
- North America: Leading the market with high vehicle safety awareness, technological adoption, and supportive regulations.
- Europe: Growth driven by stringent safety standards, rising electric vehicle adoption, and extensive automotive R&D.
- Asia Pacific: Fastest-growing region due to increasing vehicle production, rising disposable income, and expanding automotive infrastructure in countries like China, India, and Japan.
- Latin America: Opportunities emerge from fleet modernization and infrastructure improvements.
- Middle East & Africa: Market in early stages but expanding with rising interest in smart mobility solutions.
Key Players
The competitive landscape is dominated by major tire manufacturers investing in connected tire technologies:
- Michelin
- Bridgestone Corporation
- Goodyear Tire & Rubber Company
- Continental AG
- Pirelli & C. S.p.A.
- Sumitomo Rubber Industries, Ltd.
- Hankook Tire & Technology
- Yokohama Rubber Co., Ltd.
- Trelleborg AB
- Balkrishna Industries Limited (BKT)
- Toyo Tire Corporation
- Uniroyal / Marangoni
- Apollo Tyres Ltd.
- Nexen Tire Corporation
- Mitas
Market Segmentation
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Rim Size
- 12" - 17"
- 18" - 21"
- More than 22"
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Connected Tire Market Snapshot
- 1.2. Future Projections
- 1.3. Key Market Trends
- 1.4. Regional Snapshot, by Value, 2026
- 1.5. Analyst Recommendations
2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.3. Value Chain Analysis
- 2.4. COVID-19 Impact Analysis
- 2.5. Porter's Fiver Forces Analysis
- 2.6. Impact of Russia-Ukraine Conflict
- 2.7. PESTLE Analysis
- 2.8. Regulatory Analysis
- 2.9. Price Trend Analysis
- 2.9.1. Current Prices and Future Projections, 2025-2033
- 2.9.2. Price Impact Factors
3. Global Connected Tire Market Outlook, 2020 - 2033
- 3.1. Global Connected Tire Market Outlook, by Vehicle Type, Value (US$ Mn), 2020-2033
- 3.1.1. Passenger Cars
- 3.1.2. Commercial Vehicles
- 3.2. Global Connected Tire Market Outlook, by Rim Size, Value (US$ Mn), 2020-2033
- 3.2.1. 12"" - 17""
- 3.2.2. 18"" - 21""
- 3.2.3. More than 22""
- 3.3. Global Connected Tire Market Outlook, by Region, Value (US$ Mn), 2020-2033
- 3.3.1. North America
- 3.3.2. Europe
- 3.3.3. Asia Pacific
- 3.3.4. Latin America
- 3.3.5. Middle East & Africa
4. North America Connected Tire Market Outlook, 2020 - 2033
- 4.1. North America Connected Tire Market Outlook, by Vehicle Type, Value (US$ Mn), 2020-2033
- 4.1.1. Passenger Cars
- 4.1.2. Commercial Vehicles
- 4.2. North America Connected Tire Market Outlook, by Rim Size, Value (US$ Mn), 2020-2033
- 4.2.1. 12"" - 17""
- 4.2.2. 18"" - 21""
- 4.2.3. More than 22""
- 4.3. North America Connected Tire Market Outlook, by Country, Value (US$ Mn), 2020-2033
- 4.3.1. U.S. Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 4.3.2. U.S. Connected Tire Market Outlook, by Rim Size, 2020-2033
- 4.3.3. Canada Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 4.3.4. Canada Connected Tire Market Outlook, by Rim Size, 2020-2033
- 4.4. BPS Analysis/Market Attractiveness Analysis
5. Europe Connected Tire Market Outlook, 2020 - 2033
- 5.1. Europe Connected Tire Market Outlook, by Vehicle Type, Value (US$ Mn), 2020-2033
- 5.1.1. Passenger Cars
- 5.1.2. Commercial Vehicles
- 5.2. Europe Connected Tire Market Outlook, by Rim Size, Value (US$ Mn), 2020-2033
- 5.2.1. 12"" - 17""
- 5.2.2. 18"" - 21""
- 5.2.3. More than 22""
- 5.3. Europe Connected Tire Market Outlook, by Country, Value (US$ Mn), 2020-2033
- 5.3.1. Germany Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 5.3.2. Germany Connected Tire Market Outlook, by Rim Size, 2020-2033
- 5.3.3. Italy Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 5.3.4. Italy Connected Tire Market Outlook, by Rim Size, 2020-2033
- 5.3.5. France Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 5.3.6. France Connected Tire Market Outlook, by Rim Size, 2020-2033
- 5.3.7. U.K. Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 5.3.8. U.K. Connected Tire Market Outlook, by Rim Size, 2020-2033
- 5.3.9. Spain Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 5.3.10. Spain Connected Tire Market Outlook, by Rim Size, 2020-2033
- 5.3.11. Russia Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 5.3.12. Russia Connected Tire Market Outlook, by Rim Size, 2020-2033
- 5.3.13. Rest of Europe Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 5.3.14. Rest of Europe Connected Tire Market Outlook, by Rim Size, 2020-2033
- 5.4. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Connected Tire Market Outlook, 2020 - 2033
- 6.1. Asia Pacific Connected Tire Market Outlook, by Vehicle Type, Value (US$ Mn), 2020-2033
- 6.1.1. Passenger Cars
- 6.1.2. Commercial Vehicles
- 6.2. Asia Pacific Connected Tire Market Outlook, by Rim Size, Value (US$ Mn), 2020-2033
- 6.2.1. 12"" - 17""
- 6.2.2. 18"" - 21""
- 6.2.3. More than 22""
- 6.3. Asia Pacific Connected Tire Market Outlook, by Country, Value (US$ Mn), 2020-2033
- 6.3.1. China Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 6.3.2. China Connected Tire Market Outlook, by Rim Size, 2020-2033
- 6.3.3. Japan Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 6.3.4. Japan Connected Tire Market Outlook, by Rim Size, 2020-2033
- 6.3.5. South Korea Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 6.3.6. South Korea Connected Tire Market Outlook, by Rim Size, 2020-2033
- 6.3.7. India Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 6.3.8. India Connected Tire Market Outlook, by Rim Size, 2020-2033
- 6.3.9. Southeast Asia Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 6.3.10. Southeast Asia Connected Tire Market Outlook, by Rim Size, 2020-2033
- 6.3.11. Rest of SAO Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 6.3.12. Rest of SAO Connected Tire Market Outlook, by Rim Size, 2020-2033
- 6.4. BPS Analysis/Market Attractiveness Analysis
7. Latin America Connected Tire Market Outlook, 2020 - 2033
- 7.1. Latin America Connected Tire Market Outlook, by Vehicle Type, Value (US$ Mn), 2020-2033
- 7.1.1. Passenger Cars
- 7.1.2. Commercial Vehicles
- 7.2. Latin America Connected Tire Market Outlook, by Rim Size, Value (US$ Mn), 2020-2033
- 7.2.1. 12"" - 17""
- 7.2.2. 18"" - 21""
- 7.2.3. More than 22""
- 7.3. Latin America Connected Tire Market Outlook, by Country, Value (US$ Mn), 2020-2033
- 7.3.1. Brazil Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 7.3.2. Brazil Connected Tire Market Outlook, by Rim Size, 2020-2033
- 7.3.3. Mexico Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 7.3.4. Mexico Connected Tire Market Outlook, by Rim Size, 2020-2033
- 7.3.5. Argentina Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 7.3.6. Argentina Connected Tire Market Outlook, by Rim Size, 2020-2033
- 7.3.7. Rest of LATAM Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 7.3.8. Rest of LATAM Connected Tire Market Outlook, by Rim Size, 2020-2033
- 7.4. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Connected Tire Market Outlook, 2020 - 2033
- 8.1. Middle East & Africa Connected Tire Market Outlook, by Vehicle Type, Value (US$ Mn), 2020-2033
- 8.1.1. Passenger Cars
- 8.1.2. Commercial Vehicles
- 8.2. Middle East & Africa Connected Tire Market Outlook, by Rim Size, Value (US$ Mn), 2020-2033
- 8.2.1. 12"" - 17""
- 8.2.2. 18"" - 21""
- 8.2.3. More than 22""
- 8.3. Middle East & Africa Connected Tire Market Outlook, by Country, Value (US$ Mn), 2020-2033
- 8.3.1. GCC Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 8.3.2. GCC Connected Tire Market Outlook, by Rim Size, 2020-2033
- 8.3.3. South Africa Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 8.3.4. South Africa Connected Tire Market Outlook, by Rim Size, 2020-2033
- 8.3.5. Egypt Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 8.3.6. Egypt Connected Tire Market Outlook, by Rim Size, 2020-2033
- 8.3.7. Nigeria Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 8.3.8. Nigeria Connected Tire Market Outlook, by Rim Size, 2020-2033
- 8.3.9. Rest of Middle East Connected Tire Market Outlook, by Vehicle Type, 2020-2033
- 8.3.10. Rest of Middle East Connected Tire Market Outlook, by Rim Size, 2020-2033
- 8.4. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
- 9.1. Company Vs Segment Heatmap
- 9.2. Company Market Share Analysis, 2025
- 9.3. Competitive Dashboard
- 9.4. Company Profiles
- 9.4.1. Michelin
- 9.4.1.1. Company Overview
- 9.4.1.2. Product Portfolio
- 9.4.1.3. Financial Overview
- 9.4.1.4. Business Strategies and Developments
- 9.4.2. Bridgestone Corporation
- 9.4.3. Goodyear Tire & Rubber Company
- 9.4.4. Continental AG
- 9.4.5. Pirelli & C. S.p.A.
- 9.4.6. Sumitomo Rubber Industries, Ltd.
- 9.4.7. Hankook Tire & Technology
- 9.4.8. Yokohama Rubber Co., Ltd.
- 9.4.9. Trelleborg AB
- 9.4.10. Balkrishna Industries Limited (BKT)
- 9.4.11. Toyo Tire Corporation
- 9.4.12. Uniroyal / Marangoni
- 9.4.13. Apollo Tyres Ltd.
- 9.4.14. Nexen Tire Corporation
- 9.4.15. Mitas
- 9.4.1. Michelin
10. Appendix
- 10.1. Research Methodology
- 10.2. Report Assumptions
- 10.3. Acronyms and Abbreviations
