Automotive Intelligent Tire and Sensor Market size was valued at USD 3.5 Billion in 2024 and is projected to reach USD 10.2 Billion by 2033, exhibiting a CAGR of 12.5% from 2026 to 2033.
In 2022, the global automotive intelligent tire and sensor market experienced substantial growth, with significant contributions from various regions. China led the market, accounting for approximately 32% of the global automotive sector by producing over 26 million vehicles annually. This dominance is driven by stringent emissions standards, a surge in new energy vehicle (NEV) adoption—7 million NEVs sold in 2023—and investments exceeding $10 billion toward NEV infrastructure, emphasizing research and development along with an expansive charging station network.Europe followed, representing 25% of the global market with an annual production exceeding 12 million vehicles. The regions focus on sustainability led to investments surpassing €20 billion in 2023 for localized battery production and EV supply chains. Regulatory mandates aiming for a 55% reduction in CO₂ emissions by 2030 and a growing share of battery electric vehicles (BEVs) and plug in hybrid electric vehicles (PHEVs), accounting for 25% of sales, have propelled demand for recyclable and lightweight automotive components. The United States contributed 18% to the global market, with over 10 million vehicles produced annually. In 2023, the U.S. allocated over $50 billion under the Inflation Reduction Act to bolster domestic manufacturing of automotive components. Growth factors include a strong preference for SUVs and light trucks, stringent Corporate Average Fuel Economy (CAFE) standards, and government incentives for EV adoption. Asia (excluding China) accounted for 15% of the market, led by countries like Japan, South Korea, and India. South Korea committed $95 billion by 2030 to dominate battery production, while India leveraged $3 billion under the Production Linked Incentive (PLI) scheme for EV component development. The Rest of the World (ROW) markets, including South America, Africa, and the Middle East, made up 10% of the global market, with investments such as Brazils $2 billion for factory modernization and South Africas $1 billion EV initiative.
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Bridgestone Corporation
Continental AG
Denso Corporation
Hankook Tires
Infineon Technologies AG
Michelin
Nexen Tire Corporation
NXP Semiconductors N.V.
Pirelli & C. S.p.A.
Revvo Technologies Inc.
Tymtix Technologies
Schrader TPMS Solutions
The Goodyear Tire & Rubber Co.
The Yokohama Rubber Company
Limited
ZF Friedrichshafen AG
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Intelligent Tire and Sensor Market
Smart Tires
Pressure Monitoring Sensors
Temperature Sensors
Positioning Sensors
Wear Sensors
RFID (Radio-Frequency Identification) Based Technology
Bluetooth Technology
TPMS (Tire Pressure Monitoring System) Technology
Telematics Technology
Self-Inflating Systems
Passenger Vehicles
Commercial Vehicles
Heavy-Duty Vehicles
Electric and Hybrid Vehicles
Off-Road Vehicles
OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Fleet Management Companies
Ridesharing and Car Rental Services
Logistics and Transportation Companies
Active Monitoring Systems
Data Analytics and Reporting
Real-Time Performance Tracking
Predictive Maintenance Features
Driver Alert Systems
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Intelligent Tire and Sensor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Intelligent Tire and Sensor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Intelligent Tire and Sensor Market, By Type
6. Global Automotive Intelligent Tire and Sensor Market, By Application
7. Global Automotive Intelligent Tire and Sensor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Intelligent Tire and Sensor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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