Smart tires contain sensors and integrated systems that offer real-time data on tire pressure, temperature, tread wear, and other critical factors. This information provides increased safety, better fuel efficiency, and optimised vehicle performance. Smart tires increase tire performance by sensing road conditions and adjusting tire pressure and terrain adaptability to operate with little wear and tear. All major tire manufacturers are engaging in smart tire research and development; nevertheless, tire features vary according to manufacturer.

Drivers: The rise of connected and autonomous vehicles is a key factor driving the Global Smart Tire Market. These vehicles depend on real-time data from smart tires for optimal performance and safety. Smart tires have advanced sensors to provide important information on tire pressure, temperature, and road conditions, improving vehicle-road interaction. The demand for smart tire solutions is increasing due to automakers emphasizing safety and efficiency. Governments worldwide are also encouraging connected technology adoption, boosting this trend. As smart mobility progresses, smart tires are essential to modern vehicles. Their integration with onboard systems supports market growth.

Challenges: A wide range of vehicle models must be compatible with smart tyre systems. The technical difficulties include assuring smooth connection with cloud-based analytics tools, telematics platforms, and vehicle onboard systems. Differences in hardware interfaces, software platforms, or communication protocols might cause compatibility issues, limiting interoperability and scalability of smart tyre technology. Smart tyre systems also use wireless communication protocols to send tyre data to telematics platforms, cloud-based analytics tools, and vehicle onboard systems. Communication protocols that are incompatible with current automobile communication networks or standards may cause compatibility concerns.

5G-connected tires include microscopic sensors, processors, and communication discs implanted inside them. This unique technology allows for continuous monitoring of critical tire characteristics such as tire pressure, tread depth, tire temperature, acceleration, and even the detection of water and ice on the road. Compared to Bluetooth technology, which is often used in wireless tyre pressure monitoring systems, 5G technology has a higher frequency range and a more robust communication channel, helping it perform better.

The effectiveness of 5G technology goes beyond individual tyre monitoring. 5G's capacity to promote vehicle-to-vehicle communication lays the way for the integration of smart tires in passenger vehicles.

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, and Toyo Tire Corporation are just a few of the major market players that are thoroughly examined in this market study along with revenue analysis, market segments, and competitive landscape data.

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.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.