Smart Tire Market (2025-2031) | Size, Automotive, Tyre, Growth, Share, Forecast, Revenue, Trends, Analysis, industry & Outlook

Smart Tire Market Highlights

Report Name	Smart Tire Market
Report Category / Coverage	Global
Forecast Period	2025-2031
CAGR	9.3%
Market Size	USD 15.4 billion by 2031
Growing Sector	Automotive

Topics Covered in the Smart Tire Market Report

Smart Tire Market report thoroughly covers the by technologies, by vehicle types, by distribution channels and by region. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Smart Tire Market Size Analysis

The Global Smart Tire Market has been experiencing significant growth over the past few years. As of 2025, the global market is valued at approximately $9.2 billion. Further, the Global Market is projected to expand at a CAGR of 9.3% from 2025 to 2031. Additionally, by 2031, the market size is expected to reach around $15.4 billion.

Smart Tire Market Synopsis

The Smart Tire Market has been growing due to the automotive industry revolutionizing with the advent of smart technology in tires. Among the many advancements we see today, the concept of smart tires facilitating massive safety by communicating with drivers and vehicles is gaining momentum. A smart tire links innovation and information to facilitate drivers with valuable insights about tire conditions into their journey, such as real-time data on tire pressure, and temperature. 

According to 6Wresearch, the Smart Tire Market revenue is expected to reach at a significant CAGR of 9.3% during the forecast period 2025-2031. Smart tires consist of several advantages over conventional tires, including real-time monitoring of tire pressure and temperature, which improves fuel efficiency, reduces tire wear, increases vehicle safety, and decreases accidents. Other drivers contributing to the Smart Tire Market growth are the increasing demand for connected cars, advances in tire technology, and the increase in automotive production globally.

Despite the growth potential, some challenges hampering the growth of the smart tire market globally. For instance, one of the prominent challenges is the high initial cost of smart tires. Additionally, another challenge is the shortage of trained professionals and technical expertise required for installation and maintenance. However, some emerging trends contribute to the market growth. For instance, the rising integration of smart tire technology equipped with advanced driver-assist features, including automatic emergency braking, and lane departure warning. Sensor-based tire adoption rate is increasing which allows them to determine damages by sending alerts to the driver.

Smart Tire Market Trends

• Increased Demand for Fuel Efficiency - With climate change concerns and rising fuel costs, there is a growing demand for fuel-efficient vehicles. Smart tires, equipped with sensors and adaptive technologies, can optimize tire pressure and tread for better fuel efficiency, contributing to reduced emissions and saving money for drivers.
• Advancements in Sensor Technology – The integration of advanced sensor technology into smart tires allows for real-time monitoring of tire conditions. This includes tread wear, pressure, temperature, and road conditions, which enhances safety and performance by alerting drivers to potential issues before they become serious problems.
• Growth in the Electric Vehicle Market - As the electric vehicle (EV) market expands, the need for tires that are compatible with the unique requirements of EVs is increasing. Smart tires can support these needs by providing data-driven insights into tire performance and maintenance, improving the overall efficiency of electric vehicles.

Investment Opportunities in the Smart Tire Market

• Partnerships and Collaborations - Strategic alliances among tire manufacturers, technology companies, and automotive giants can foster innovation and expand market reach, making this an attractive area for investors looking to capitalize on collaborative ventures.
• Government Regulations and Incentives – Supportive policies and regulations promoting vehicle safety and emissions reduction can further accelerate the adoption of smart tires, driving market growth and attracting investment.
• Aftermarket Services - There is an increasing demand for aftermarket smart tire solutions that offer enhanced performance and safety features for existing vehicles, offering a lucrative segment for investment.

Leading Players of the Smart Tire Market

Companies like Bridgestone, Michelin, Goodyear, and Pirelli are at the forefront, leveraging cutting-edge technology to develop tires equipped with embedded sensors and sophisticated monitoring systems. These industry giants are focusing on enhancing safety, efficiency, and performance through real-time data analysis and connectivity features. Their investment in research and development is paving the way for smarter mobility solutions, catering to the growing demand for intelligent and sustainable transport options globally.

Government Regulations Introduced in the Smart Tire Market

The government has been taking initiatives to promote the adoption of smart tire technology. For example, in the US, the National Highway Traffic Safety Administration (NHTSA) is making compulsory the installation of tire pressure monitoring systems in cars. The European Union (EU) is also framing regulations for tire pressure monitoring systems to ensure massive safety and make cars fuel efficient. The European Union has set a new standard to improve tire labelling, which requires tire manufacturers to provide detailed information on various aspects like the tire's fuel efficiency, wet grip, and noise levels.

These new standards will encourage consumers to adopt more eco-friendly tires, thereby promoting the use of smart tires. The Japanese Government is also promoting the use of eco-friendly smart tires to maintain environmental health. Furthermore, research and development funds are being facilitated by governments to promote & support the development of innovative smart tire technology, such as TPMS (Tire Pressure Monitoring System). 

Future Insights of the Smart Tire Market

The future of the Smart Tire Market looks promising as technological advancements continue to drive innovation and consumer expectations evolve. The integration of IoT (Internet of Things) technology is expected to reshape tire functionality, allowing for real-time monitoring of tire pressure, temperature, and tread depth through smart sensors. This will enhance vehicle safety, improve fuel efficiency, and reduce maintenance costs by enabling predictive maintenance strategies. Moreover, as environmental concerns grow, there is an increased focus on sustainable materials and manufacturing processes, which may lead to the development of eco-friendly smart tires.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Pneumatic tires to Dominate the Market - By technologies

According to Ravi Bhandari, Research Head, 6wresearch, Pneumatic tires have become pivotal in the evolution of the smart tire market, offering enhanced performance and adaptability through integrated technology. These tires are designed with sensors that monitor real-time data like tire pressure, temperature, road conditions, and wear, providing valuable insights to drivers and fleet managers. As vehicles increasingly incorporate advanced digital systems, pneumatic smart tires contribute to safer and more efficient driving experiences by enabling adaptive responses to changing conditions. This technology not only optimizes fuel efficiency and extends tire life but also enhances overall vehicle safety, making it a crucial component in the future of autonomous and connected vehicles.

Passenger vehicle to dominate the market - By vehicle types

The passenger vehicle segment is a significant driver in the smart tire market, primarily due to the increasing adoption of advanced technologies in automotive industries. Smart tires are equipped with sensors that provide real-time data regarding tire pressure, temperature, and tread depth. These advanced features enhance safety by reducing the risk of tire-related accidents and contribute to improving fuel efficiency by maintaining optimal tire conditions. Additionally, the integration of smart tires in passenger vehicles aligns with the broader trend towards smart and connected vehicles, where data-driven insights play a crucial role in optimizing performance and user experience.

Aftermarket to dominate the market – By distribution channels

The aftermarket in the smart tire market is gaining significant traction as the automotive industry moves towards connected and autonomous vehicles. Aftermarket services offer a variety of smart tire solutions, including sensors and analytics software that enhance vehicle safety and performance. These services provide real-time data on tire pressure, temperature, and tread wear, aiding in predictive maintenance and reducing the risk of tire-related accidents. Furthermore, the aftermarket sector allows for cost-effective upgrades, enabling consumers to retrofit their existing vehicles with smart tire technology rather than purchasing new ones.

North America to dominate the market – By region

North America holds a significant position in the smart tire market due to its advanced automotive industry and the increasing adoption of technologically enhanced automotive components. The region's focus on innovative research and development, coupled with the presence of leading tire manufacturers, propels the growth of the smart tire market. The increasing consumer demand for vehicles equipped with smart technologies that enhance safety and performance is a driving factor. Additionally, government regulations aimed at improving road safety and reducing vehicular emissions by encouraging modern technology also contribute to the expansion of smart tire applications in North America.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Smart Tire Market Overview
• Global Smart Tire Industry Outlook
• Smart Tire Market Forecast
• Historical Data of Smart Tire Market Revenues for the Period 2021-2031
• Smart Tire Market Size and Smart Tire Market Forecast of Revenues, Until 2031
• Historical Data of Smart Tire Market Revenues, by Vehicle Type, for the Period 2021-2031
• Market Size & Forecast of Smart Tire Market Revenues, by Vehicle Type, until 2031
• Historical Data of Smart Tire Market Revenues, by Technology Type, for the Period 2021-2031
• Market Size & Forecast of Smart Tire Market Revenues, by Technology Type, until 2031
• Historical Data of Smart Tire Market Revenues, by Distribution Channels, for the Period 2021-2031.
• Market Size & Forecast of Smart Tire Market Revenues, by Distribution Channels, until 2031
• Historical Data of North America Smart Tire Market Revenues, for the Period 2021-2031.
• Market Size & Forecast of North America Smart Tire Market Revenues, until 2031
• Historical Data of Europe Smart Tire Market Revenues, for the Period 2021-2031.
• Market Size & Forecast of Europe Smart Tire Market Revenues, until 2031
• Historical Data of Asia Pacific Smart Tire Market Revenues, for the Period 2021-2031.
• Market Size & Forecast of Asia Pacific Smart Tire Market Revenues, until 2031
• Historical Data of Rest of the World Smart Tire Market Revenues, for the Period 2021-2031.
• Market Size & Forecast of Rest of the World Smart Tire Market Revenues, until 2031
• Market Drivers and Restraints
• Smart Tire Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis 
• Market Opportunity Assessment
• Smart Tire Market Share, By Players
• Smart Tire Market Overview on Competitive Benchmarking
• Company Profiles 
• Key Strategic Recommendations

Markets Covered

The Smart Tire Market report provides a detailed analysis of the following market segments:

By Technologies

• Pneumatics Tires
• Non- Pneumatics Tires

By Vehicle Types:

• Passenger Vehicles
• Commercial Vehicles

By Distribution Channels:

• OEM
• Aftermarket

By Regions:

• North America
• Latin America
• Europe
• Asia Pacific
• Rest of World