Connected Tire Market Size, Share, and Growth Analysis, By Offering (Hardware, Software), By Propulsion (Electric, ICE), By Rim Size, By Sales Channel, By Component, By Vehicle Type, By Region - Industry Forecast 2026-2033

Connected Tire Market size was valued at USD 14.23 Million in 2024 and is poised to grow from USD 21.08 Million in 2025 to USD 490.63 Million by 2033, growing at a CAGR of 48.2% during the forecast period (2026-2033).

The connected tire market is seeing significant momentum as automotive manufacturers and tech firms innovate and collaborate within the industry. Connected tires, equipped with advanced sensors and communication technology, are revolutionizing the driving experience by delivering real-time insights regarding tire health, performance, and safety. This advancement empowers drivers with enhanced vehicle control, elevates safety standards, and streamlines maintenance processes. Furthermore, the growing emphasis on sustainability and environmental responsibility is fostering the acceptance of connected tires, as they enhance fuel efficiency and lower carbon footprints. With rising consumer interest in smart and interconnected vehicles, the connected tire sector is strategically positioned for continued growth and development in the market landscape.

Top-down and bottom-up approaches were used to estimate and validate the size of the Connected Tire market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Connected Tire Market Segments Analysis

Global Connected Tire Market is segmented by Offering, Propulsion, Rim Size, Sales Channel, Component, Vehicle Type and region. Based on Offering, the market is segmented into Hardware and Software. Based on Propulsion, the market is segmented into Electric, ICE and Others. Based on Rim Size, the market is segmented into 12-17 Inches, 18-22 Inches and More Than 22 Inches. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on Component, the market is segmented into TPMS,Accelerometer sensors, Strain gauge sensors, RFID chips and Other sensors. Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Connected Tire Market

A significant factor propelling the connected tire market is the heightened focus on safety and operational efficiency within the automotive sector. These innovative tires offer real-time insights into tire health, allowing for timely maintenance and minimizing the likelihood of accidents stemming from tire problems. Furthermore, connected tires play a crucial role in enhancing fuel efficiency and lowering emissions, which resonates with the increasing environmental awareness among consumers and regulatory agencies. This alignment of technology with safety, efficiency, and sustainability is driving demand and fostering growth in the connected tire industry.

Restraints in the Connected Tire Market

One of the major challenges hindering the widespread adoption of connected tire technology is the hefty initial investment required for these sophisticated systems. The integration of sensors and communication technologies into tires can lead to considerable expenses, potentially dissuading consumers and fleet managers from opting for connected tire solutions. Although the long-term advantages, such as enhanced safety and improved efficiency, are significant, the high upfront costs continue to pose a substantial barrier to the broader acceptance of this innovative tire technology. As a result, many potential adopters remain hesitant to make the necessary financial commitment.

Market Trends of the Connected Tire Market

The Connected Tire market is witnessing a notable trend driven by the rise of autonomous vehicles, which necessitate sophisticated sensor-based tire monitoring systems capable of integrated communication with vehicle control systems. This innovation enhances safety through real-time tire condition data, crucial for optimizing the overall performance of self-driving cars. As the automotive industry increasingly shifts towards autonomy, the demand for connected tire technologies is set to grow, reinforcing the importance of tire health management in supporting safe and efficient transportation. This trend signifies a pivotal transformation in automotive safety and performance standards, enhancing the user experience in connected mobility solutions.