The global connected tire market is emerging as a high-growth segment within the automotive technology industry, supported by the rapid adoption of connected vehicles, telematics, Internet of Things (IoT) technologies, and Advanced Driver Assistance Systems (ADAS). Connected tires use embedded sensors and digital technologies to collect real-time information on tire pressure, temperature, tread condition, wear, and other performance parameters. This data can be transmitted to vehicle control systems and fleet-management platforms, enabling predictive maintenance, improved fuel efficiency, enhanced vehicle performance, and greater road safety. The transition toward Connected, Autonomous, Shared & Services (CASE) mobility is further strengthening demand as automakers and mobility providers seek intelligent tire solutions that can contribute to safer and more efficient transportation. Rising road-accident concerns and increasing emphasis on preventive maintenance are also encouraging manufacturers and fleet operators to adopt sensor-enabled tire technologies.
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Market Size and Growth
The global connected tire market was valued at US$ 12.2 Mn in 2021 and is estimated to advance at a remarkable CAGR of 42.4% from 2022 to 2031, reaching approximately US$ 420.8 Mn by the end of 2031. This substantial expansion reflects growing investment in connected mobility, automotive electronics, data-driven maintenance, and intelligent vehicle components. Connected tire technology is increasingly viewed as a strategic tool for reducing unplanned downtime and improving the total operating efficiency of vehicles. Fleet operators, logistics companies, tire manufacturers, and automotive OEMs are exploring real-time tire monitoring because early identification of pressure loss, temperature abnormalities, and wear can reduce maintenance expenses and potentially extend tire service life. Continued development of low-power sensors, wireless connectivity, cloud platforms, and vehicle data analytics is expected to further improve the commercial viability of connected tire systems over the forecast period.
Market Segmentation
Based on rim size, the connected tire market is segmented into 2”-17”, 18”-21”, and more than 22”. The more than 22” segment is expected to expand at a significant pace, supported by growing demand for predictive maintenance among haulage fleet owners and the increasing incorporation of larger wheels in passenger vehicles and high-clearance vehicles. Based on vehicle type, the market is classified into passenger vehicles, light commercial vehicles, trucks, and buses & coaches. Passenger vehicles are expected to represent a major market segment as connected tire technologies gain traction in premium and luxury vehicles and as shared mobility and ride-hailing services expand. By sales channel, the market is divided into OEMs and aftermarket. While OEMs held a dominant position in 2021, the aftermarket is projected to capture substantial growth as tire manufacturers and technology providers introduce IoT-enabled solutions for tire monitoring, traceability, safety, fuel efficiency, and lifecycle management.
Regional Analysis
North America is expected to maintain a strong position in the global connected tire market, driven by higher adoption of premium and luxury vehicles, improving digital infrastructure, investment in smart-city initiatives, and continued development of transportation infrastructure. Europe generated the highest revenue in 2021 and is expected to maintain steady growth, with Germany and the U.K. serving as important markets due to rising interest in automotive smart-tire technologies and connected mobility solutions. Meanwhile, Asia Pacific is anticipated to witness significant expansion during the forecast period. China, Japan, South Korea, and India are expected to contribute strongly to regional demand because of expanding automotive production, increasing vehicle connectivity, growing urban mobility requirements, and rising investment in automotive technologies.
Competitive Landscape
The global connected tire industry is relatively consolidated, with established tire manufacturers and technology-focused companies competing through product innovation, research and development, partnerships, and expansion of connected-service capabilities. Key participants include Bridgestone Corporation, Continental AG, Hankook Tire & Technology, Michelin, Nokian Tyres plc., Pirelli & C. S.p.A., Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, The Yokohama Rubber Co., Ltd., Trelleborg AB, JK Tyre & Industries, Toyo Tire Corporation, Kumho Tire, and MRF Tyres.
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