Connected Tire - Global Strategic Business Report

The global market for Connected Tire was estimated at US$20.6 Million in 2024 and is projected to reach US$187.3 Million by 2030, growing at a CAGR of 44.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Connected Tire market.

Global Connected Tire Market - Key Trends & Drivers Summarized

How Are Connected Tires Transforming Vehicle Performance and Safety?

The automotive industry is undergoing a digital transformation, with connectivity playing a crucial role in enhancing vehicle performance, safety, and efficiency. Connected tires, equipped with advanced sensors and real-time data analytics, are emerging as a vital component of modern intelligent transportation systems. These tires provide continuous monitoring of key parameters such as tire pressure, temperature, tread depth, and road conditions, enabling real-time adjustments and predictive maintenance. The integration of connected tire technology helps prevent tire-related accidents, reduce fuel consumption, and extend the lifespan of tires by providing precise performance insights. Fleet operators and individual drivers are increasingly adopting these smart tires to improve vehicle efficiency and safety. As regulatory bodies impose stricter safety and environmental standards, automakers and tire manufacturers are accelerating the adoption of connected tire technology to comply with evolving regulations. The growing emphasis on proactive maintenance and predictive analytics is further strengthening the market for connected tires across both commercial and passenger vehicle segments.

Why Is IoT and AI Integration Essential for Connected Tire Systems?

The rise of the Internet of Things (IoT) and artificial intelligence (AI) is playing a pivotal role in the evolution of connected tires. IoT-enabled sensors embedded within tires continuously collect and transmit real-time data to cloud-based platforms, allowing vehicle manufacturers, fleet managers, and individual drivers to monitor tire health remotely. AI-driven analytics process this data to detect irregularities, predict tire wear, and provide actionable insights that optimize vehicle performance and enhance road safety. One of the most significant applications of AI in connected tires is predictive maintenance. By analyzing historical and real-time data, AI algorithms can forecast potential tire failures before they occur, reducing the risk of blowouts and improving overall vehicle reliability. Additionally, the integration of connected tires with autonomous vehicle systems is gaining traction, as self-driving cars require real-time insights into tire performance to optimize driving decisions. As AI-powered smart mobility solutions become more sophisticated, the demand for connected tire systems is expected to rise, further fueling market growth.

Which Industries Are Driving the Adoption of Connected Tires?

The commercial transportation and logistics industry is a major adopter of connected tire technology, as fleet operators seek to improve efficiency, reduce downtime, and lower operational costs. Fleet managers use connected tire systems to track tire health across multiple vehicles, ensuring optimal tire pressure and tread depth for fuel efficiency and safety. This capability is particularly beneficial for long-haul trucking, where tire failures can lead to costly delays and safety hazards. The passenger vehicle segment is also experiencing increasing adoption of connected tires, driven by the growing consumer demand for smart and connected car features. Automakers are integrating connected tire technology into advanced driver assistance systems (ADAS), enhancing vehicle safety and fuel efficiency. Additionally, the rise of electric vehicles (EVs) is further driving market demand, as connected tires help optimize battery efficiency by reducing rolling resistance and providing real-time traction insights. As industries continue to embrace digital transformation, the connected tire market is expected to expand across various transportation sectors.

What Are the Key Drivers Behind the Market’s Expansion?

The growth in the connected tire market is driven by several factors, including advancements in IoT-enabled sensors, increasing demand for predictive maintenance, and the rising adoption of smart mobility solutions. Automakers and fleet operators are investing in connected tire systems to enhance vehicle safety, reduce maintenance costs, and improve fuel efficiency. The expansion of autonomous and electric vehicle technologies is further fueling demand, as connected tires play a crucial role in optimizing vehicle performance and energy consumption. Regulatory initiatives promoting vehicle safety and environmental sustainability are also accelerating market growth. Governments worldwide are implementing stringent tire safety and efficiency regulations, encouraging the adoption of connected tire technology. Additionally, the rapid development of 5G and cloud computing infrastructure is facilitating real-time data transmission and analytics, improving the effectiveness of connected tire solutions. As automotive connectivity continues to evolve, the market for connected tires is poised for significant growth, shaping the future of intelligent transportation and vehicle safety.

Report Scope

The report analyzes the Connected Tire market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Rim Size (12 - 17 Inches, 18 - 22 Inches, More Than 22 Inches); Component Type (TPMS, Accelerometer, Sensors, Strain Gauge Sensors, RFID Chips); End-Use (Passenger Cars End-Use, Commercial Vehicle End-Use)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the 12 - 17 Inches segment, which is expected to reach US$124.8 Million by 2030 with a CAGR of a 49.5%. The 18 - 22 Inches segment is also set to grow at 40.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $5.6 Million in 2024, and China, forecasted to grow at an impressive 54.9% CAGR to reach $47.7 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Connected Tire Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Connected Tire Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Connected Tire Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Apollo Tyres Ltd., Bridgestone Corporation, CEAT Limited, Continental AG, Cooper Tire & Rubber Company and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 39 Featured):

• Apollo Tyres Ltd.
• Bridgestone Corporation
• CEAT Limited
• Continental AG
• Cooper Tire & Rubber Company
• Giti Tire
• Hankook Tire & Technology Co., Ltd.
• Kumho Tire Co., Inc.
• Linglong Tire
• Michelin
• MRF Limited
• Nexen Tire Corporation
• Nokian Tyres plc
• Pirelli & C. S.p.A.
• Sailun Group Co., Ltd.
• Sumitomo Rubber Industries, Ltd.
• The Goodyear Tire & Rubber Company
• Toyo Tire Corporation
• Yokohama Rubber Co., Ltd.
• ZC Rubber Group Co., Ltd.

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry