The global connected tire market is projected to reach US$298.3 billion by 2033, up from an estimated US$35.2 billion in 2026, according to a new report from Persistence Market Research.
The research firm forecasts a compound annual growth rate of 35.7 per cent over the period, citing increased adoption of connected vehicles, electric vehicles and autonomous driving technologies as key growth drivers.
Connected tires use embedded sensors to monitor factors such as tire pressure, temperature, tread wear and road conditions in real time. The technology is designed to improve safety, support predictive maintenance and reduce operating costs for vehicle owners and fleet operators.
Persistence said regulatory requirements are helping accelerate adoption. Existing tire pressure monitoring system mandates in major markets, including the United States and Europe, have created a foundation for more advanced connected tire technologies.
North America currently accounts for about 40 per cent of the global market, supported by widespread telematics deployment and connected mobility infrastructure. Asia Pacific is expected to be the fastest-growing region through 2033 as electric vehicle production and smart transportation initiatives expand.
The report also highlighted growing interest in predictive analytics tires, which use artificial intelligence and connected vehicle data to identify maintenance issues before failures occur. Meanwhile, tire pressure monitoring system-integrated tires remain the largest product category, accounting for approximately 38 per cent of the market.
Connected tire technology represents another example of vehicles becoming increasingly software-driven. As automakers add more connected features, dealers may see growing opportunities tied to service, diagnostics and maintenance programs built around real-time vehicle data.
