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Connected Tires Market Size, Value And Growth Trends Through 2030
The connected tires market has seen substantial expansion in its size over recent years. It is anticipated to grow from $0.01 billion in 2025 to $0.02 billion in 2026, at a compound annual growth rate (CAGR) of 41.2%. This historical growth can be attributed to several factors including vehicle safety regulations, the adoption of tpms, the expansion of fleet management, a reduction in sensor costs, and automotive digitization.
The connected tires market is projected to experience substantial expansion over the upcoming years. This market is anticipated to reach a valuation of $0.07 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 36.5%. This projected growth is driven by several factors, including the increasing prevalence of connected vehicles, wider adoption of electric vehicles, the rising need for real-time vehicle data, the incorporation of AI-based analytics, and the advancement of smart mobility solutions. Key developments during this timeframe are expected to encompass the integration of advanced tire sensor technologies, the advancement of predictive tire maintenance systems, increased uptake in commercial fleet operations, a broader expansion of OEM fitment, and a heightened emphasis on enhancing vehicle safety and overall efficiency.
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#Connected Tires Market Demand Drivers Creating New Revenue Opportunities
The expanding deployment of autonomous vehicles is poised to accelerate the development of the connected tires market in the future. These are self-driving cars outfitted with sophisticated sensors, cameras, radar systems, and artificial intelligence, enabling them to navigate and operate without human input. Their growing acceptance is driven by continuous technological advancements, increasing environmental considerations, and evolving consumer preferences. Crucially, connected tires are integral to autonomous vehicles, offering vital data that significantly boosts safety, performance, efficiency, and overall user experience, thereby making them indispensable to the ongoing evolution of modern transportation. For instance, a report from March 2024 by DQS Global, a Germany-based auditing and certification company, forecasts that the United States is anticipated to see approximately 3.5 million autonomous vehicles on its roadways by 2025, with this total expected to climb to 4.5 million by 2030. This growing integration of autonomous and electric vehicles will consequently stimulate the connected tires market.
Connected Tires Market Segment Performance And Strategic Opportunities
The connected tires market covered in this report is segmented –
1) By Component: Tire Pressure Monitoring System, Accelerometer Sensors, Strain Gauge Sensors, Radio-Frequency Identification chips
2) By Rim Size: 12-17 Inches, 18-22 Inches, More than 22 Inches
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
4) By Application: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Tire Pressure Monitoring System (Tpms): Direct Tpms, Indirect Tpms
2) By Accelerometer Sensors: Vibration Sensors, Vibration Monitoring Systems, Impact Detection Sensors
3) By Strain Gauge Sensors: Tire Load Monitoring Sensors, Deformation Measurement Sensors, Tread Wear Sensors
4) By Radio-Frequency Identification (Rfid) Chips: Passive Rfid Chips, Active Rfid Chips, Hybrid Rfid Chips
Connected Tires Market Trends Driving Strategic Industry Expansion
Leading companies within the connected tires market are concentrating on creating cutting-edge technologies, like smart TPMS sensors, to improve vehicle safety, efficiency, and overall performance. These Smart TPMS (tire pressure monitoring system) sensors represent advanced technology integrated directly into tires, enabling real-time tracking of tire pressure and temperature. Such sensors are essential for vehicle safety and performance, as they continuously supply data regarding tire conditions to both drivers and vehicle systems. As an illustration, in September 2023, Infineon Technologies AG, a semiconductor manufacturing company based in Germany, unveiled its XENSIV SP49 tire pressure monitoring sensor. The XENSIV SP49 tire pressure sensor delivers exceptional accuracy in tire pressure measurement, guaranteeing precise monitoring to uplift vehicle safety and performance. It is constructed to endure severe environmental conditions, guaranteeing consistent operation for prolonged durations. Seamlessly integrated with vehicle electronics, it facilitates wireless connectivity for effective data transfer to onboard systems or external devices, facilitating real-time oversight and immediate notifications to drivers concerning any changes in tire pressure.
Connected Tires Market Key Players: Which Companies Shape Industry Competition?
Major companies operating in the connected tires market report include MRF Limited, ZF Friedrichshafen AG, Continental AG, Bridgestone Corporation, Compagnie Générale des Établissements Michelin, The Goodyear Tire & Rubber Company, Sumitomo Rubber Industries Ltd., Pirelli & C. S.p.A., The Yokohama Rubber Co. Ltd., Hankook Tire & Technology Co. Ltd., Kumho Tire Co. Inc., Toyo Tire Corporation, Trelleborg AB, Shandong Linglong Tire Co. Ltd., Titan International Inc., Nexen Tire Corporation, Nokian Tyres plc, CEAT Limited, Qingdao Doublestar Co. Ltd., Giti Tire Corporation, Sailun Group Co. Ltd., NIRA Dynamics AB, Transense Technologies plc
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Connected Tires Market Regional Outlook: Where Are The Largest Opportunities Located?
Asia-Pacific was the largest region in the connected tires market in 2025. The regions covered in the connected tires market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.