Industry Overview
The Smart Tires Market is expected to reach USD15.2Billion by 2030 and is growing at a CAGR of 19.60% between 2019 to 2030.Smart Tires Market Size in (USD Billion) CAGR Growth Rate 19.60%
| Study Period | 2024-2030 |
| Market Size (2019): | USD3.4Billion |
| Market Size (2030): | USD15.2Billion |
| CAGR (2019 - 2030): | 19.60% |
| Fastest Growing Region | North America |
| Domination Region | Asia Pacific |
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The smart tires market focuses on the production and development of tires equipped with sensors and connected technology that provide real-time data on tire performance, pressure, temperature, and wear. Smart tires can communicate with a vehicle's onboard system, offering enhanced safety and performance through monitoring tire health and alerting drivers to potential issues. The market is driven by the growing demand for vehicle safety, the increasing adoption of connected car technologies, and the rise of electric and autonomous vehicles that require advanced tire monitoring systems. Additionally, smart tires contribute to improving fuel efficiency and extending tire lifespan by optimizing tire pressure. The smart tires market is expected to grow as automakers continue to integrate advanced technologies into vehicles and consumers seek more intelligent, reliable, and efficient tire solutions.
The consumer goods market consists of various components, including product categories (durable and non-durable goods), distribution channels (retail stores, e-commerce, and wholesalers), and market segmentation based on demographics and consumer behavior. Marketing strategies, such as advertising and branding, play a crucial role in attracting consumers, while trends like sustainability and health consciousness influence purchasing decisions. Additionally, the regulatory environment impacts product development, and effective supply chain management ensures timely delivery. Pricing strategies must consider competition and consumer demand to optimize sales. Together, these elements shape the dynamics of the consumer goods market.
Market Segmentation
Selecting segmentation criteria in Michelin, Bridgestone, Goodyear, Continental, Pirelli, Yokohama, Nexen, Kumho Tire, Hankook, Cooper Tire, Toyo Tires, Falken, Sumitomo, MRF, Apollo Tyres involves several key steps. Researchers begin by defining their objectives, such as understanding consumer behavior or identifying market opportunities. They then gather relevant data on demographics, psychographics, and buying behavior. Next, they identify segmentation variables like age, location, lifestyle, and purchase patterns. Using analytical tools, they analyze the data to find distinct market segments and evaluate their attractiveness based on size, growth potential, and alignment with business goals. Detailed profiles are created for each segment, and the most promising ones are selected for targeting. Finally, tailored marketing strategies are developed, and the performance of these strategies is monitored and adjusted as needed. This process ensures that segmentation effectively identifies valuable market opportunities and aligns with strategic goals.The Asia Pacific Region holds a dominant market share, primarily driven by growing consumption patterns, a rising population, and robust economic activity that fuels market demand. Meanwhile, the North America Region is experiencing the fastest growth, propelled by increasing infrastructure developments, expanding industrial activities, and a surge in consumer demand, positioning it as a key driver for future market expansion.
Segmentation by Type
- Radial
- Bias
- Tube
- Tubeless
Smart Tires Market Segmentation by Type
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Segmentation by Application
- Automotive
- Safety
- Performance
- Monitoring
- Technology
Smart Tires Market Segmentation by Application
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Regional Insight
The Smart Tires varies widely by region, reflecting diverse economic conditions and consumer preferences. In North America, the focus is on convenience and premium products, driven by high disposable incomes and a strong e-commerce sector. Europe’s market is fragmented, with Western countries emphasizing luxury and organic goods, while Eastern Europe sees rapid growth. Asia-Pacific is a fast-growing region with high demand for both high-tech and affordable products, driven by urbanization and rising middle-class incomes. Latin America prioritizes affordability amidst economic fluctuations, with Brazil and Mexico leading in market growth. In the Middle East and Africa, market trends are influenced by cultural preferences, with luxury goods prominent in the Gulf States and gradual growth in sub-Saharan Africa. Global trends like sustainability and digital transformation are impacting all regions.
The Asia Pacific dominant region currently dominates the market share, fueled by increasing consumption, population growth, and sustained economic progress that collectively enhance market demand. Conversely, the North America is the fastest-growing that is rapidly becoming the fastest-growing region, driven by significant infrastructure investments, industrial expansion, and rising consumer demand.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
North America
![North America dominates Smart Tires Market [2024 to 2019]](https://www.htfmarketinsights.com/assets_n/img/region/continent/north_america_wn.png)
Dominating Region
Asia Pacific
![Asia Pacific dominates Smart Tires Market [2024 to 2019]](https://www.htfmarketinsights.com/assets_n/img/region/continent/asia_pacific_wn.png)
Key Players
The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach:
- Michelin, Bridgestone, Goodyear, Continental, Pirelli, Yokohama, Nexen, Kumho Tire, Hankook, Cooper Tire, Toyo Tires, Falken, Sumitomo, MRF, Apollo Tyres
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Report Infographics:
| Report Features | Details |
| Base Year | 2019 |
| Based Year Market Size 2019 | USD3.4Billion |
| Historical Period Market Size 2024 | USD1.5Billion |
| CAGR (2019to 2030) | 19.60% |
| Forecast Period | 2024 to 2030 |
| Forecasted Period Market Size 2030 | USD15.2Billion |
| Scope of the Report | Radial, Bias, Tube, Tubeless, Automotive, Safety, Performance, Monitoring, Technology |
| Regions Covered | North America, Europe, Asia Pacific, South America, and MEA |
| Year-on-Year Growth | 20.30% |
| Companies Covered | Michelin, Bridgestone, Goodyear, Continental, Pirelli, Yokohama, Nexen, Kumho Tire, Hankook, Cooper Tire, Toyo Tires, Falken, Sumitomo, MRF, Apollo Tyres |
| Customization Scope | 15% Free Customization (For EG) |
| Delivery Format | PDF and Excel through Email |
Smart Tires Market Dynamics
The Smart Tires is driven by factors such as increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and increasing global trade.Influencing Trend:
- Advancements in sensor technology
- Growing demand for tire pressure monitoring systems (TPMS)
- Growing demand for autonomous driving
Market Growth Drivers:
- Growing Demand For Safety And Efficiency
- Increasing Use Of Sensors And Electronics
- Rising Demand For Connected Vehicles
Challenges:
- High Initial Investment Costs
- Limited Consumer Awareness
- Cybersecurity Concerns
Opportunities:
- Development Of Advanced Tire Monitoring Systems
- Integration With Other Vehicle Systems
- Expansion Into New Markets
Regulatory Framework
The regulatory framework for the Smart Tires ensures product safety, fair competition, and consumer protection. It encompasses setting standards for product quality and safety, enforcing truthful advertising and labeling, and implementing environmental sustainability practices. Regulations include robust procedures for product recalls, data protection, and anti-competitive practices, while also overseeing import/export controls and intellectual property rights. Regulatory bodies enforce these rules through inspections and penalties, and consumer education programs help individuals make informed decisions. This framework aims to protect consumers, promote fair market conditions, and encourage ethical business practices.Competitive Insights
The key players in the Smart Tires are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as Michelin, Bridgestone, Goodyear, Continental, Pirelli, Yokohama, Nexen, Kumho Tire, Hankook, Cooper Tire, Toyo Tires, Falken, Sumitomo, MRF, Apollo Tyres are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation is driving significant advancements in product formulation and the introduction of sustainable and eco-friendly products.Moreover, these established industry leaders are actively pursuing acquisitions of smaller companies to expand their regional presence and enhance their market share. These acquisitions not only help in diversifying their product portfolios but also provide access to new technologies and markets. This consolidation trend is a critical factor in the growth of the consumer goods industry, as it enables larger companies to streamline operations, reduce costs, and increase their competitive edge.
In addition to R&D and acquisitions, there is a notable shift towards green investments among key players in the consumer goods industry. Companies are increasingly committing resources to sustainable practices and the development of environmentally friendly products. This green investment is in response to growing consumer demand for sustainable solutions and stringent environmental regulations. By prioritizing sustainability, these companies are not only contributing to environmental protection but also positioning themselves as leaders in the green movement, thereby fueling market growth.
Research Methodology
The research methodology for the consumer goods industry involves several key steps to ensure comprehensive and actionable insights. First, the research objectives are clearly defined, focusing on aspects like consumer behavior, market opportunities, competitive dynamics, or regulatory impacts. A thorough literature review follows, drawing from academic journals, industry reports, government publications, and market analyses to establish a knowledge base and identify research gaps. Data collection encompasses both primary methods, such as surveys, interviews, and focus groups with consumers and industry experts, and secondary methods, including analysis of market reports, government data, and industry publications. Quantitative data is analyzed using statistical tools to identify patterns and market segments, while qualitative data from interviews and focus groups is examined to extract key themes and insights.
The market is then segmented based on demographics, psychographics, geography, and purchasing behavior, and competitive analysis is conducted to evaluate key players' strategies and strengths. Trend analysis identifies current and emerging industry trends. Findings are compiled into a detailed report with data visualizations and strategic recommendations. The research is validated and refined through cross-checking and expert feedback, and a framework for continuous monitoring is established to keep the research current and relevant.
Smart Tires - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Smart Tires Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Smart Tires Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Smart Tires Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Growing demand for safety and efficiency
- 3.1.2 Increasing use of sensors and electronics
- 3.1.3 Rising demand for connected vehicles
-
3.2 Available Opportunities
- 3.2.1 Development of advanced tire monitoring systems
- 3.2.2 Integration with other vehicle sys
-
3.3 Influencing Trends
- 3.3.1 Advancements in sensor technology
- 3.3.2 Growing demand for tire pressure monitoring syst
-
3.4 Challenges
- 3.4.1 High initial investment costs
- 3.4.2 Limited consumer awareness
- 3.4.3 Cybersecurity concerns
- 3.4.4
- 3.5 Regional Dynamics
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Chapter 4 : Global Smart Tires Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Smart Tires Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
Chapter 5: Smart Tires : Competition Benchmarking & Performance Evaluation
- 5.1 Global Smart Tires Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Smart Tires Revenue 2019
- 5.3 Global Smart Tires Sales Volume by Manufacturers (2019)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 Heat Map Analysis
- 5.6 Strategic Group Analysis
Chapter 6: Global Smart Tires Market: Company Profiles
- 6.1 Michelin, Bridgestone, Goodyear, Continental, Pirelli, Yokohama, Nexen, Kumho Tire, Hankook, Cooper Tire, Toyo Tires, Falken, Sumitomo, MRF, Apollo Tyres
- 6.1.1 Michelin, Bridgestone, Goodyear, Continental, Pirelli, Yokohama, Nexen, Kumho Tire, Hankook, Cooper Tire, Toyo Tires, Falken, Sumitomo, MRF, Apollo Tyres Company Overview
- 6.1.2 Michelin, Bridgestone, Goodyear, Continental, Pirelli, Yokohama, Nexen, Kumho Tire, Hankook, Cooper Tire, Toyo Tires, Falken, Sumitomo, MRF, Apollo Tyres Product/Service Portfolio & Specifications
- 6.1.3 Michelin, Bridgestone, Goodyear, Continental, Pirelli, Yokohama, Nexen, Kumho Tire, Hankook, Cooper Tire, Toyo Tires, Falken, Sumitomo, MRF, Apollo Tyres Key Financial Metrics
- 6.1.4 Michelin, Bridgestone, Goodyear, Continental, Pirelli, Yokohama, Nexen, Kumho Tire, Hankook, Cooper Tire, Toyo Tires, Falken, Sumitomo, MRF, Apollo Tyres SWOT Analysis
- 6.1.5 Michelin, Bridgestone, Goodyear, Continental, Pirelli, Yokohama, Nexen, Kumho Tire, Hankook, Cooper Tire, Toyo Tires, Falken, Sumitomo, MRF, Apollo Tyres Development Activities
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Chapter 7 : Global Smart Tires by Type & Application (2024-2030)
-
7.1 Global Smart Tires Market Revenue Analysis (USD Million) by Type (2024-2019)
- 7.1.1 Radial
- 7.1.2 Bias
- 7.1.3 Tube
- 7.1.4 Tubeless
- 7.1.5 Pirelli
-
7.2 Global Smart Tires Market Revenue Analysis (USD Million) by Application (2024-2019)
- 7.2.1 Automotive
- 7.2.2 Safety
- 7.2.3 Performance
- 7.2.4 Monitoring
- 7.2.5 Technology
- 7.3 Global Smart Tires Market Revenue Analysis (USD Million) by Type (2019-2030)
- 7.4 Global Smart Tires Market Revenue Analysis (USD Million) by Application (2019-2030)
Chapter 8 : North America Smart Tires Market Breakdown by Country, Type & Application
- 8.1 North America Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 8.2.1 Radial
- 8.2.2 Bias
- 8.2.3 Tube
- 8.2.4 Tubeless
- 8.2.5 Pirelli
-
8.3 North America Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 8.3.1 Automotive
- 8.3.2 Safety
- 8.3.3 Performance
- 8.3.4 Monitoring
- 8.3.5 Technology
- 8.4 North America Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 8.5 North America Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 8.6 North America Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
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Chapter 9 : LATAM Smart Tires Market Breakdown by Country, Type & Application
- 9.1 LATAM Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 9.2.1 Radial
- 9.2.2 Bias
- 9.2.3 Tube
- 9.2.4 Tubeless
- 9.2.5 Pirelli
-
9.3 LATAM Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 9.3.1 Automotive
- 9.3.2 Safety
- 9.3.3 Performance
- 9.3.4 Monitoring
- 9.3.5 Technology
- 9.4 LATAM Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 9.5 LATAM Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 9.6 LATAM Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 10 : West Europe Smart Tires Market Breakdown by Country, Type & Application
- 10.1 West Europe Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 10.2.1 Radial
- 10.2.2 Bias
- 10.2.3 Tube
- 10.2.4 Tubeless
- 10.2.5 Pirelli
-
10.3 West Europe Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 10.3.1 Automotive
- 10.3.2 Safety
- 10.3.3 Performance
- 10.3.4 Monitoring
- 10.3.5 Technology
- 10.4 West Europe Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 10.5 West Europe Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 10.6 West Europe Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 11 : Central & Eastern Europe Smart Tires Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
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11.2 Central & Eastern Europe Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 11.2.1 Radial
- 11.2.2 Bias
- 11.2.3 Tube
- 11.2.4 Tubeless
- 11.2.5 Pirelli
-
11.3 Central & Eastern Europe Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 11.3.1 Automotive
- 11.3.2 Safety
- 11.3.3 Performance
- 11.3.4 Monitoring
- 11.3.5 Technology
- 11.4 Central & Eastern Europe Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 11.5 Central & Eastern Europe Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 11.6 Central & Eastern Europe Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 12 : Northern Europe Smart Tires Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 12.2.1 Radial
- 12.2.2 Bias
- 12.2.3 Tube
- 12.2.4 Tubeless
- 12.2.5 Pirelli
-
12.3 Northern Europe Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 12.3.1 Automotive
- 12.3.2 Safety
- 12.3.3 Performance
- 12.3.4 Monitoring
- 12.3.5 Technology
- 12.4 Northern Europe Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 12.5 Northern Europe Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 12.6 Northern Europe Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 13 : Southern Europe Smart Tires Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
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13.2 Southern Europe Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 13.2.1 Radial
- 13.2.2 Bias
- 13.2.3 Tube
- 13.2.4 Tubeless
- 13.2.5 Pirelli
-
13.3 Southern Europe Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 13.3.1 Automotive
- 13.3.2 Safety
- 13.3.3 Performance
- 13.3.4 Monitoring
- 13.3.5 Technology
- 13.4 Southern Europe Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 13.5 Southern Europe Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 13.6 Southern Europe Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 14 : East Asia Smart Tires Market Breakdown by Country, Type & Application
- 14.1 East Asia Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 14.2.1 Radial
- 14.2.2 Bias
- 14.2.3 Tube
- 14.2.4 Tubeless
- 14.2.5 Pirelli
-
14.3 East Asia Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 14.3.1 Automotive
- 14.3.2 Safety
- 14.3.3 Performance
- 14.3.4 Monitoring
- 14.3.5 Technology
- 14.4 East Asia Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 14.5 East Asia Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 14.6 East Asia Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 15 : Southeast Asia Smart Tires Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
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15.2 Southeast Asia Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 15.2.1 Radial
- 15.2.2 Bias
- 15.2.3 Tube
- 15.2.4 Tubeless
- 15.2.5 Pirelli
-
15.3 Southeast Asia Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 15.3.1 Automotive
- 15.3.2 Safety
- 15.3.3 Performance
- 15.3.4 Monitoring
- 15.3.5 Technology
- 15.4 Southeast Asia Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 15.5 Southeast Asia Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 15.6 Southeast Asia Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 16 : South Asia Smart Tires Market Breakdown by Country, Type & Application
- 16.1 South Asia Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 16.2.1 Radial
- 16.2.2 Bias
- 16.2.3 Tube
- 16.2.4 Tubeless
- 16.2.5 Pirelli
-
16.3 South Asia Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 16.3.1 Automotive
- 16.3.2 Safety
- 16.3.3 Performance
- 16.3.4 Monitoring
- 16.3.5 Technology
- 16.4 South Asia Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 16.5 South Asia Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 16.6 South Asia Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 17 : Central Asia Smart Tires Market Breakdown by Country, Type & Application
- 17.1 Central Asia Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 17.2.1 Radial
- 17.2.2 Bias
- 17.2.3 Tube
- 17.2.4 Tubeless
- 17.2.5 Pirelli
-
17.3 Central Asia Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 17.3.1 Automotive
- 17.3.2 Safety
- 17.3.3 Performance
- 17.3.4 Monitoring
- 17.3.5 Technology
- 17.4 Central Asia Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 17.5 Central Asia Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 17.6 Central Asia Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 18 : Oceania Smart Tires Market Breakdown by Country, Type & Application
- 18.1 Oceania Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
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18.2 Oceania Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 18.2.1 Radial
- 18.2.2 Bias
- 18.2.3 Tube
- 18.2.4 Tubeless
- 18.2.5 Pirelli
-
18.3 Oceania Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 18.3.1 Automotive
- 18.3.2 Safety
- 18.3.3 Performance
- 18.3.4 Monitoring
- 18.3.5 Technology
- 18.4 Oceania Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 18.5 Oceania Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 18.6 Oceania Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 19 : MEA Smart Tires Market Breakdown by Country, Type & Application
- 19.1 MEA Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2024-2019]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
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19.2 MEA Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2024-2019]
- 19.2.1 Radial
- 19.2.2 Bias
- 19.2.3 Tube
- 19.2.4 Tubeless
- 19.2.5 Pirelli
-
19.3 MEA Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2024-2019]
- 19.3.1 Automotive
- 19.3.2 Safety
- 19.3.3 Performance
- 19.3.4 Monitoring
- 19.3.5 Technology
- 19.4 MEA Smart Tires Market by Country (USD Million) & Sales Volume (Units) [2020-2030]
- 19.5 MEA Smart Tires Market by Type (USD Million) & Sales Volume (Units) [2020-2030]
- 19.6 MEA Smart Tires Market by Application (USD Million) & Sales Volume (Units) [2020-2030]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Smart Tires Market is growing at a steady pace over the last few years and is expected to grow at a CAGR of 19.60% from 2019 to 2030 to reach a market size of 19.60% USD15.2 billion
The Smart Tires Market is growing at a CAGR of 19.60% over the forecasted period 2019 - 2030.
The changing dynamics and trends such as Advancements In Sensor Technology, Growing Demand For Tire Pressure Monitoring Systems (TPMS), Growing Demand For Autonomous Driving, Increasing Focus On Tire Wear And Tear are seen as major Game Changer in Global Smart Tires Market.
The leaders in the Global Smart Tires Market such as Michelin, Bridgestone, Goodyear, Continental, Pirelli, Yokohama, Nexen, Kumho Tire, Hankook, Cooper Tire, Toyo Tires, Falken, Sumitomo, MRF, Apollo Tyres are targeting innovative and differentiated growth drivers some of them are Growing Demand For Safety And Efficiency, Increasing Use Of Sensors And Electronics, Rising Demand For Connected Vehicles, Technological Advancements
Business transformation in Smart Tires Market has taken hold due to the confluence of several important triggers, some of them are High Initial Investment Costs, Limited Consumer Awareness, Cybersecurity Concerns, Data Privacy Concerns.
Some of the opportunities that Analyst at HTF MI have identified in Smart Tires Market are:
- Development Of Advanced Tire Monitoring Systems
- Integration With Other Vehicle Systems
- Expansion Into New Markets
- Customization And Personalization
Michelin, Bridgestone, Goodyear, Continental, Pirelli, Yokohama, Nexen, Kumho Tire, Hankook, Cooper Tire, Toyo Tires, Falken, Sumitomo, MRF, Apollo Tyres etc are the main players listed in the Global Smart Tires Market Study.
Research paper of Global Smart Tires Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Automotive, Safety, Performance, Monitoring, Technology.
The Global Smart Tires Market Study is segmented by Radial, Bias, Tube, Tubeless, Pirelli.
The Global Smart Tires Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2024 - 2019; Base year: 2019; Forecast period: 2025 to 2030
The smart tires market focuses on the production and development of tires equipped with sensors and connected technology that provide real-time data on tire performance, pressure, temperature, and wear. Smart tires can communicate with a vehicle's onboard system, offering enhanced safety and performance through monitoring tire health and alerting drivers to potential issues. The market is driven by the growing demand for vehicle safety, the increasing adoption of connected car technologies, and the rise of electric and autonomous vehicles that require advanced tire monitoring systems. Additionally, smart tires contribute to improving fuel efficiency and extending tire lifespan by optimizing tire pressure. The smart tires market is expected to grow as automakers continue to integrate advanced technologies into vehicles and consumers seek more intelligent, reliable, and efficient tire solutions.
