The India smart tires market size reached USD 3.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.1 Billion by 2033, exhibiting a growth rate (CAGR) of 7.20% during 2025-2033. The growing emergence of specialized research and development (R&D) centers to create smart tire solutions designed for Indian roadways, climatic conditions, and vehicle categories and the escalating demand for improved efficiency and cost reductions in commercial transport are bolstering the market growth.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 3.0 Billion |
Market Forecast in 2033 | USD 6.1 Billion |
Market Growth Rate 2025-2033 | 7.20% |
Growing Investments in Smart Tire Manufacturing
Leading international and local tire producers are ramping up investments in smart tire research and manufacturing plants in India. Firms are establishing specialized research and development (R&D) centers to create smart tire solutions designed for Indian roadways, climatic conditions, and vehicle categories. Partnerships among tire manufacturers, automotive original equipment manufacturers (OEMs), and technology companies are speeding up the market launch of tires with sensors. Furthermore, government incentives for local manufacturing through programs such as "Make in India" are motivating tire manufacturers to set up domestic production facilities, lowering expenses and making smart tires cheaper for buyers. Startups and research organizations are also developing innovations in tire monitoring technologies, predictive analytics, and artificial intelligence (AI)-powered performance improvements. The rise of domestic production and ongoing technological progress are guaranteeing a reliable availability of affordable and high-performing smart tires for different vehicle categories. In line with this trend, Continental Tires India launched "Intelligent Tyres" (I-tyres) for the commercial vehicle segment in early 2023, equipped with sensors for enhanced safety. These I-tyres aimed to improve safety features, especially for tubeless tires in commercial vehicles, a segment with significant growth potential. The company also planned to expand its product range and production capacity in India.
Rising Demand for Fleet Efficiency and Cost Optimization
The drive for improved efficiency and cost reductions in commercial transport is speeding up the use of smart tires in India. Fleet operators are focusing on solutions that reduce downtime, enhance fuel efficiency, and prolong tire longevity. Smart tires fitted with real-time monitoring systems deliver essential information on pressure, temperature, and wear, facilitating proactive maintenance and minimizing unexpected breakdowns. Sustaining ideal inflation levels improves fuel efficiency and reduces operating expenses in the long run. Features for preventing theft and predictive analytics enhance fleet security and resource management. As logistics networks grow to address increasing e-commerce and industrial needs, businesses are implementing advanced tire technologies to guarantee smoother operations and adherence to changing safety regulations. The growing focus on cutting carbon emissions and enhancing road safety is encouraging commercial vehicle operators to adopt smart tire solutions that boost overall efficiency while decreasing environmental effects. In 2024, JK Tyre announced plans to launch sensor-based smart tires for trucks. These tires featured a tire pressure monitoring system that sent alerts to drivers' smartphones for temperature and inflation violations. The smart tires promised to increase tire life by 10%, reduce fuel costs, and prevent tire thefts.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on vehicle type, product type, sensor type, technology, vehicle propulsion, and distribution channel.
Vehicle Type Insights:
The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger cars and commercial vehicles.
Product Type Insights:
A detailed breakup and analysis of the market based on the product type have also been provided in the report. This includes connected tire and intelligent tire/TPMS.
Sensor Type Insights:
The report has provided a detailed breakup and analysis of the market based on the sensor type. This includes TPMS, accelerometer sensor, strain gauge sensor, RFID chip, and others.
Technology Insights:
A detailed breakup and analysis of the market based on the technology have also been provided in the report. This includes pneumatic tire, run-flat tire, and non-pneumatic tire.
Vehicle Propulsion Insights:
The report has provided a detailed breakup and analysis of the market based on the vehicle propulsion. This includes conventional vehicles and electric vehicles.
Distribution Channel Insights:
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes OEM and aftermarket.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West India, East India, Soth India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Vehicle Types Covered | Passenger Cars, Commercial Vehicles |
Product Types Covered | Connected Tire, Intelligent Tire/TPMS |
Sensor Types Covered | TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Others |
Technologies Covered | Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire |
Vehicle Propulsions Covered | Conventional Vehicles, Electric Vehicles |
Distribution Channels Covered | OEM, Aftermarket |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |