Smart Tire Market Introduction and Overview
According to SPER market research, ‘Global Smart Tire Market Size- By Offering, By Vehicle, By Technology, By Sales Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Smart Tire Market is predicted to reach 219.07 billion by 2034 with a CAGR of 8.26%.
Smart tires have sensors and integrated systems that provide real-time information on tire pressure, temperature, tread wear, and other critical factors. This information allows for increased safety, higher fuel efficiency, and optimised vehicle performance. Smart tires enhance tire performance by sensing road conditions and adjusting tire pressure and terrain adaptability to operate with little wear and tear.
Restraints:
Smart tyre systems require compatibility with a wide range of automobile models. Technical challenges include establishing a smooth interaction with cloud-based analytics tools, telematics platforms, and vehicle onboard systems. Differences in hardware interfaces, software platforms, or communication protocols might create compatibility issues that inhibit interoperability and limit the scalability of smart tyre technology.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered
By Offering, By Vehicle, By Technology, By Sales Channel
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Bridgestone Corporation, Continental AG, Hankook Tire & Technology Group, Michelin Group, NIRA Dynamics AB, Nokian Tyres plc, Pirelli & C. S.p.A, Sumitomo Rubber Industries, Ltd, The Goodyear Tire & Rubber Company, Toyo Tire Corporation.
Global Smart Tire Market Segmentation:
By Offering:
Based on the Offering, Global Smart Tire Market is segmented as; Pneumatic, Non-Pneumatic.
By Vehicle:
Based on the Vehicle, Global Smart Tire Market is segmented as; Passenger, Commercial.
By Technology:
Based on the Technology, Global Smart Tire Market is segmented as; Tire Pressure Monitoring, Temperature Monitoring, Tire Tread Monitoring, Load Monitoring.
By Sales Channel:
Based on the Sales Channel, Global Smart Tire Market is segmented as; OEM, Aftermarket.
By Region:
This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. Global Smart Tire Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Smart Tire Market
- 7. Global Smart Tire Market, By Offering (USD Million) 2021-2034
- 7.1. Pneumatic
- 7.2. Non-pneumatic
- 8. Global Smart Tire Market, By Vehicle (USD Million) 2021-2034
- 8.1. Passenger vehicles
- 8.2. Commercial vehicles
- 9. Global Smart Tire Market, By Technology (USD Million) 2021-2034
- 9.1. Tire pressure monitoring
- 9.2. Temperature monitoring
- 9.3. Tire tread monitoring
- 9.4. Load monitoring
- 9.5. Others
- 10. Global Smart Tire Market, By Sales Channel (USD Million) 2021-2034
- 10.1. OEM
- 10.2. Aftermarket
- 11. Global Smart Tire Market, (USD Million) 2021-2034
- 11.1. Global Smart Tire Market Size and Market Share
- 12. Global Smart Tire Market, By Region, (USD Million) 2021-2034
- 12.1. Asia-Pacific
- 12.1.1. Australia
- 12.1.2. China
- 12.1.3. India
- 12.1.4. Japan
- 12.1.5. South Korea
- 12.1.6. Rest of Asia-Pacific
- 12.2. Europe
- 12.2.1. France
- 12.2.2. Germany
- 12.2.3. Italy
- 12.2.4. Spain
- 12.2.5. United Kingdom
- 12.2.6. Rest of Europe
- 12.3. Middle East and Africa
- 12.3.1. Kingdom of Saudi Arabia
- 12.3.2. United Arab Emirates
- 12.3.3. Qatar
- 12.3.4. South Africa
- 12.3.5. Egypt
- 12.3.6. Morocco
- 12.3.7. Nigeria
- 12.3.8. Rest of Middle-East and Africa
- 12.4. North America
- 12.4.1. Canada
- 12.4.2. Mexico
- 12.4.3. United States
- 12.5. Latin America
- 12.5.1. Argentina
- 12.5.2. Brazil
- 12.5.3. Rest of Latin America
- 13. Company Profile
- 13.1. Bridgestone Corporation
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. Continental AG
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. Hankook Tire & Technology Group
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
- 13.4. Michelin Group
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
- 13.5. NIRA Dynamics AB
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
- 13.6. Nokian Tyres plc
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
- 13.7. Pirelli & C. S.p.A
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
- 13.8. Sumitomo Rubber Industries, Ltd
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 13.9. The Goodyear Tire & Rubber Company
- 13.9.1. Company details
- 13.9.2. Financial outlook
- 13.9.3. Product summary
- 13.9.4. Recent developments
- 13.10. Toyo Tire Corporation
- 13.10.1. Company details
- 13.10.2. Financial outlook
- 13.10.3. Product summary
- 13.10.4. Recent developments
- 13.11. Others
- 14. Conclusion
- 15. List of Abbreviations
- 16. Reference Links
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook