India Smart Tires Market By Vehicle Type (Passenger Cars, Commercial Vehicles), By Product Type (Connected Tire, Intelligent Tire/TPMS), By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors), By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire), By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles), By Distribution Channel (OEMs, Aftermarket) By Region, Competition, Forecast and Opportunities 2029

Industry : Automotive
Pages : NA
Published Date : NA

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Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 0.12 Million
CAGR (2024-2029)	14.60%
Fastest Growing Segment	Passenger Cars
Largest Market	North

India Smart Tires Market is expected to experience significant growth in the coming years. The rising demand of electric vehicles is also leading to the rise in the demand of smart tires by the auto manufacturers. Overall, the Indian Smart Tire Market is poised for substantial growth, driven by increasing vehicle sales, safety concerns, government regulations, and technological advancements. The integration of smart tire technologies is expected to enhance vehicle performance, safety, and efficiency, making them a key component of the future automotive ecosystem in India.

Smart tires are equipped with sensors and other technologies that allow for real-time monitoring of tire pressure, temperature, and other important factors. These features provide drivers with more information about their tires' performance, leading to improved safety, fuel efficiency, and overall vehicle performance. The automotive smart tires also sense the road condition and terrain adaptability for least wear and tear of tires. The different manufacturers are providing multiple features in their smart tire series. With the popularity of connected and autonomous cars, technology has advanced across every aspect of the automobile. Automotive tires, which offer real-time data on pressure and temperature, tread wear and depth, road conditions, load detection, and other characteristics, are now focusing on the complexity of vehicle management systems.

India is one of the largest automotive markets globally, with a growing number of vehicle sales the market is growing rapidly and in the forecast years the industry is expected to generate new opportunity for the India Smart Tire Market. This surge in vehicle ownership is driving the demand for advanced technologies like smart tires, the Indian government has implemented regulations mandating the use of TPMS in new vehicles, which further boosts the adoption of smart tires.

Improved Safety and Fuel Efficiency

Smart tires are equipped with sensors and other technologies that allow for real-time monitoring of tire pressure, temperature, and other important factors. This provides drivers with more information about their tires' performance, leading to improved safety, fuel efficiency, and overall vehicle performance. Smart tires can help reduce the risk of accidents caused by tire blowouts or other issues. As consumers become more aware of the benefits of smart tires, they are more likely to opt for these tires over traditional ones. The rise of e-commerce platforms in India is creating new opportunities for tire manufacturers to expand their reach and increase sales.

Online channels allow manufacturers to reach a wider audience, especially in rural areas where physical stores may not be present. E-commerce platforms are providing more options to consumers, who can easily compare and purchase products online. Tire manufacturers are leveraging digital marketing strategies to promote their smart tire products and increase sales. Integration with AI and IoT technologies will likely enhance the capabilities of smart tires with features like predictive maintenance, real-time road condition analysis, and improved driver assistance systems. Smart tires offer real-time monitoring of tire pressure, temperature, and tread wear, ensuring optimal performance and safety. Improved fuel efficiency and reduced maintenance costs are additional benefits.

Technological Advancements

With advancements in technology, smart tires are becoming more affordable and accessible to consumers. Manufacturers are investing in research and development to improve the performance and functionality of their smart tire products. This is expected to drive demand for these tires, as consumers look for tires that provide better performance, safety, and comfort. For example, some smart tires are equipped with technologies such as self-sealing puncture protection, run-flat capabilities, and adaptive tread patterns, which can help improve the overall driving experience for consumers. All such technological developments are connecting drivers with the tire conditions in a better way. The established players operating in the tire industry in the country are developing such smart tires technology.

High Cost and Limited Infrastructure

Smart tires are typically more expensive than traditional tires due to the sensors and other advanced technologies that are built into them. This can be a significant barrier to adoption, especially for price-sensitive consumers in India. While the cost of smart tires is expected to lower over time as technology improves and economies of scale can be achieved. Smart tires require advanced infrastructure to support their use, such as sensors and data processing systems. However, the infrastructure for this is still in its early stages in India, which can limit the adoption of smart tires. Without the necessary infrastructure in place, smart tire technology may not be as effective or efficient as intended, which can limit their appeal to consumers.

The rising middle-class population in India is driving demand for passenger cars, which is expected to continue in the coming years. According to a report by the International Energy Agency (IEA), India is expected to become the world's third-largest car market by 2025. As the middle-class population grows and becomes more affluent, they are likely to seek out vehicles with better safety, comfort, and performance features. This is expected to drive demand for smart tires, as they offer benefits such as real-time monitoring, improved fuel efficiency, and better traction.

The Indian government has introduced various initiatives to promote the adoption of electric vehicles (EVs) in the country, which is driving the demand for smart tires. Smart tires can help improve the efficiency and performance of EVs, which is critical to their success in the Indian market. The National Electric Mobility Mission Plan (NEMMP) aims to promote the development and manufacturing of electric and hybrid vehicles in the country, with a target of achieving 6-7 million sales of hybrid and electric vehicles by 2020. The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme offers incentives to manufacturers and buyers of EVs, including smart electric vehicles. These initiatives are expected to drive the demand for smart tires in India.

Recent Developments

The Indian government has been actively promoting the use of smart tires in the country, with various initiatives such as the introduction of the National Electric Mobility Mission Plan (NEMMP) and the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme. These initiatives aim to increase the adoption of electric vehicles, which will drive the demand for smart tires.
JK Tire has planned to introduce sensor-based smart tires for trucks as well and the company has also promised to enhance the life of tires by at least 10 per cent. Earlier
The company has introduced Smart Tire’ technology that Monitors real-time tire pressure and temperature in India. Additionally, the growing middle class in India, with increased purchasing power, is leading to a rise in demand for passenger cars, which will contribute to the growth of the Smart Tires Market. Furthermore, the rise of e-commerce platforms in the country is creating opportunities for tire manufacturers to expand their reach and increase sales.
The smart tire market in India is still in its nascent stage but has immense potential for growth. Several domestic and international tire manufacturers have introduced smart tire technologies in the Indian market. These tires offer various features like real-time tire pressure monitoring, tread wear detection, temperature sensing, and other data collection capabilities. The Indian smart tire market is experiencing significant growth and technological advancements in recent years. Smart tires, also known as connected tires, are equipped with sensors and integrated technologies that provide real-time data and enhance the performance, safety, and efficiency of vehicles. Here is an overview of the India smart tire market, including its status, key players, market drivers, and prospects.

Market Segmentation

The India Smart Tires Market is segmented based on vehicle type, product type, sensor type, technology, vehicle propulsion, distribution channel, and region. Based on Vehicle Type the market is segmented into Passenger Cars and Commercial Vehicles. Based on product type, the market is segmented into connected tire, intelligent tire/TPMS. Based on sensor type, the market is segmented into TPMS, accelerometer sensor, strain gauge sensor, RFID chip, and other sensors. Based on technology, the market is segmented into pneumatic tire, run-flat tire, non-pneumatic tire. By vehicle propulsion, the market is segmented into conventional vehicles and electric vehicles. By distribution channel, the market is segmented into OEMs and aftermarket. By region the market is segmented into North, West, South and East.

Company Profiles

JK Tyre and Industries, Bridgestone Corporation, Balakrishna Industries Limited, Continental India Ltd., Michelin Group, Pirelli & C SpA, Apollo Tyres Limited, Goodyear Tire & Rubber Company, Yokohama Rubber Company Limited, and MRF Limited.

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Attribute	Details
Base Year	2022
Historical Years	2019 – 2023
Estimated Year	2024
Forecast Period	2025 – 2029
Quantitative Units	Revenue in USD Billion, Volume in Thousand Units, and CAGR for 2019 – 2023 and 2024-2029
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	By Vehicle Type By Product Type By Sensor Type By Technology By Vehicle Propulsion By Distribution Channel By Country
Regional Scope	East India, West India, North India and South India.
Country Scope	India
Key Companies Profiled	JK Tyre and Industries, Bridgestone Corporation, Balakrishna Industries Limited, Continental India Ltd, Michelin Group, Pirelli & C SpA, Apollo Tyres Limited, Goodyear Tire & Rubber Company, Yokohama Rubber Company Limited, and MRF Limited.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, India Smart Tires Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

India Smart Tires Market, By Vehicle Type:

Passenger Cars
Commercial Vehicles

India Smart Tires Market, By Product Type:

Connected Tire
Intelligent Tire/TPMS

India Smart Tires Market, By Sensor Type:

TPMS
Accelerometer Sensor
Strain Gauge Sensor
RFID Chip
Other Sensors

India Smart Tires Market, By Technology:

Pneumatic Tire
Run-Flat Tire
Non-Pneumatic Tire

India Smart Tires Market, By Vehicle Propulsion:

Conventional Vehicles
Electric Vehicles

India Smart Tires Market, By Distribution Channel:

OEM
Aftermarket

India Smart Tires Market, By Region:

East India
West India
North India
South India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Smart Tires Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

India Smart Tires Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on India Smart Tires Market

5. Voice of Customer

5.1. Factors Influencing Purchase Decision

5.2. Brand Awareness

5.3. Challenges/Issues Faced Post Purchase

6. India Smart Tires Market Outlook

6.1. Market Size & Forecast

6.1.1. By Volume

6.1.2. By Value

6.2. Market Share & Forecast

6.2.1. By Vehicle Type Market Share Analysis (Passenger Cars and Commercial Vehicles)

6.2.2. By Product Type Market Share Analysis (Connected Tire, Intelligent Tire/TPMS)

6.2.3. By Sensor Type Market Share Analysis (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, and Other Sensors)

6.2.4. By Technology Market Share Analysis (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

6.2.5. By Vehicle Propulsion Market Share Analysis (Conventional Vehicles and Electric Vehicles)

6.2.6. By Distribution Channel Market Share Analysis (OEMs and Aftermarket)

6.2.7. By Regional Market Share Analysis

6.2.7.1. North Market Share Analysis

6.2.7.2. West Market Share Analysis

6.2.7.3. South Market Share Analysis

6.2.7.4. East Market Share Analysis

6.2.8. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

6.3. India Smart Tires Market Mapping & Opportunity Assessment

6.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

6.3.2. By Product Type Market Mapping & Opportunity Assessment

6.3.3. By Sensor Type Market Mapping & Opportunity Assessment

6.3.4. By Technology Market Mapping & Opportunity Assessment

6.3.5. By Vehicle Propulsion Market Mapping & Opportunity Assessment

6.3.6. By Distribution Channel Market Mapping & Opportunity Assessment

6.3.7. By Regional Market Mapping & Opportunity Assessment

7. India Passenger Car Smart Tires Market Outlook

7.1. Market Size & Forecast

7.1.1. By Volume

7.1.2. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type Market Share Analysis

7.2.2. By Sensor Type Market Share Analysis

7.2.3. By Technology Market Share Analysis

7.2.4. By Vehicle Propulsion Market Share Analysis

7.2.5. By Distribution Channel Market Share Analysis

8. India Commercial Vehicle Smart Tires Market Outlook

8.1. Market Size & Forecast

8.1.1. By Volume

8.1.2. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type Market Share Analysis

8.2.2. By Sensor Type Market Share Analysis

8.2.3. By Technology Market Share Analysis

8.2.4. By Vehicle Propulsion Market Share Analysis

8.2.5. By Distribution Channel Market Share Analysis

9. Market Dynamics

9.1. Market Drivers

9.2. Market Challenges

10. Market Trends & Developments

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Porter’s Five Forces Model

12.1. Competitive Rivalry

12.2. Bargaining Power of Suppliers

12.3. Bargaining Power of Buyers

12.4. Threat of New Entrants

12.5. Threat of Substitutes

13. Policy & Regulatory Landscape

14. India Economic Profile

15. Competitive Landscape

15.1. Company Profiles (Up To 10 Major Companies)

15.1.1. JK Tyre and Industries

15.1.1.1. Company Details

15.1.1.2. Key Products Offered

15.1.1.3. Recent Development

15.1.1.4. Key Management Personnel

15.1.2. Bridgestone Corporation

15.1.2.1. Company Details

15.1.2.2. Key Products Offered

15.1.2.3. Recent Development

15.1.2.4. Key Management Personnel

15.1.3. Balakrishna Industries Limited

15.1.3.1. Company Details

15.1.3.2. Key Products Offered

15.1.3.3. Recent Development

15.1.3.4. Key Management Personnel

15.1.4. Continental AG

15.1.4.1. Company Details

15.1.4.2. Key Products Offered

15.1.4.3. Recent Development

15.1.4.4. Key Management Personnel

15.1.5. Michelin Group

15.1.5.1. Company Details

15.1.5.2. Key Products Offered

15.1.5.3. Recent Development

15.1.5.4. Key Management Personnel

15.1.6. Pirelli & C SpA

15.1.6.1. Company Details

15.1.6.2. Key Products Offered

15.1.6.3. Recent Development

15.1.6.4. Key Management Personnel

15.1.7. Apollo Tyres Limited

15.1.7.1. Company Details

15.1.7.2. Key Products Offered

15.1.7.3. Recent Development

15.1.7.4. Key Management Personnel

15.1.8. Goodyear Tire & Rubber Company

15.1.8.1. Company Details

15.1.8.2. Key Products Offered

15.1.8.3. Recent Development

15.1.8.4. Key Management Personnel

15.1.9. Yokohama Rubber Company Limited

15.1.9.1. Company Details

15.1.9.2. Key Products Offered

15.1.9.3. Recent Development

15.1.9.4. Key Management Personnel

15.1.10. MRF Limited.

15.1.10.1. Company Details

15.1.10.2. Key Products Offered

15.1.10.3. Recent Development

15.1.10.4. Key Management Personnel

16. Strategic Recommendations

16.1. Key Focus Areas

16.1.1. Target Regions

16.1.2. Target Vehicle Type

16.1.3. Target Product Type

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What are the major factors driving India Smart Tires Market?

The increasing technological innovation and increasing sales of electric vehicles is expected to drive the India Smart Tires Market in the forecast years.

Which category is leading in the vehicle type segment in India Smart Tires Market?

The passenger cars segment is leading in vehicle type segment and in the forecast years the segment is expected to generate new opportunity as the demand of passenger cars are comparatively more in India so in the forecast years the segment will lead the market share.

What are the key players in the India Smart Tires Market?

The major player contributing to the India Smart Tires Market are JK Tyre and Industries, Bridgestone Corporation, Balakrishna Industries Limited, Continental India Ltd, Michelin Group, Pirelli & C SpA, Apollo Tyres Limited, Goodyear Tire & Rubber Company, Yokohama Rubber Company Limited, and MRF Limited etc.

What is the major trend in the India Smart Tires Market?

The growing utilization of such tires by the electric vehicle manufacturers and the rising developments in the autonomous driving space is also expected to generate demand in the forecast years.

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Srishti Verma

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Press Release

India Smart Tire Market is Dominated by the Passenger Car Segment Until 2029.

Jun, 2023

India Smart Tires Market is growing due to the technological advancements in the tire industry and rising demand from the OEMs.