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Report
India Smart Tires Market By Vehicle (Passenger Cars, Commercial Vehicles), By Sensor (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors), By Propulsion (ICE, Electric Vehicles), By Distribution Channel (OEMs, Aftermarket), By Region & Competition, Opportunities and Forecast, 2021-2031F
Market Report I 2025-08-25 I 85 Pages I TechSci Research
Market Overview
India Smart Tires Market was valued at USD 129.52 million in 2025 and is expected to reach USD 361.35 million by 2031 with a CAGR of 18.65% during the forecast period. Growing vehicle electrification, increased consumer preference for intelligent mobility solutions, and rising concerns over road safety are fueling interest in smart tires. Integration of sensors for real-time monitoring of tire pressure, wear, and temperature offers better vehicle performance and predictive maintenance. According to the Ministry of Road Transport & Highways, over 4.6 lakh road accidents occurred in India in FY23, prompting regulatory focus on technologies that enhance safety, such as Tire Pressure Monitoring Systems (TPMS). The increasing deployment of connected car systems and the growth in EV adoption create a fertile ground for smart tire integration.
Cost concerns and low awareness among tier-2 and rural consumers are key obstacles for adoption. According to the Society of Indian Automobile Manufacturers (SIAM), India had over 30 million registered commercial vehicles as of 2023, yet smart tire penetration in this segment remains under 2%, reflecting affordability gaps and retrofit challenges. The fragmented aftermarket and absence of uniform standards for data sharing between vehicle systems and tire sensors further complicate market expansion.
As per the International Energy Agency, India's EV stock is projected to reach 10 million by 2030, which will require advanced tire technology optimized for different weight distributions and rolling resistance. Growing traction in smart fleet management, integration with AI-driven diagnostic systems, and OEM push for IoT-enabled vehicle systems present strong opportunities. Trends such as embedded RFID tags, self-inflating tire prototypes, and partnerships between tire manufacturers and tech firms are shaping future innovation pathways. Integration of smart tires into broader V2X ecosystems will further enhance their value proposition.
Market Drivers
Rise in Road Safety Regulations
The growing incidence of road accidents in India has prompted stronger safety regulations, including mandates for TPMS in vehicles. According to the Ministry of Road Transport and Highways, India recorded over 4.6 lakh accidents in 2022. Government pressure to reduce fatalities is driving automakers to integrate sensor-based smart tires capable of alerting drivers to issues like low pressure or tread wear, directly contributing to proactive maintenance and reduced breakdowns. These regulations make smart tires not only a technological upgrade but a necessity for compliance in newer vehicles, fostering rapid adoption.
Key Market Challenges
High Cost of Smart Tire Systems
Smart tire systems involve embedded sensors, connectivity modules, and sometimes onboard processing units, all of which raise costs. According to the Automotive Component Manufacturers Association of India (ACMA), the cost of a TPMS unit alone can range from ?3,000-?10,000 per tire. In a price-sensitive market like India, this makes adoption difficult for low-cost passenger and two-wheeler segments. While benefits are clear, the upfront cost discourages many consumers and small fleet operators from transitioning to intelligent tire systems.
Key Market Trends
RFID Integration for Tire Lifecycle Tracking
Smart tires with embedded RFID tags are becoming essential for lifecycle and inventory tracking, especially in commercial fleets. In 2025, Beontag and Michelin partnered to develop RFID-enabled tires to offer real-time tire data. These RFID tags enable identification, performance history, and predict wear patterns. The ability to store and communicate unique tire IDs helps manufacturers and fleet managers keep track of tire performance and automate replacement cycles. This trend aligns with the broader move toward digitized maintenance and transparent supply chain systems in India's logistics and transport industries.
Key Market Players
- Apollo Tyres Limited
- Balakrishna Industries Limited
- Bridgestone Corporation
- Continental India Ltd
- Goodyear Tire & Rubber Company
- JK Tyre and Industries
- Michelin Group
- MRF Limited
- Pirelli & C SpA
- Yokohama Rubber Company Limited
Report Scope:
In this report, the India Smart Tires Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
India Smart Tires Market, By Vehicle:
o Passenger Cars
o Commercial Vehicles
India Smart Tires Market, By Sensor:
o TPMS
o Accelerometer Sensor
o Strain Gauge Sensor
o RFID Chip
o Other Sensors
India Smart Tires Market, By Propulsion:
o ICE
o Electric Vehicles
India Smart Tires Market, By Distribution Channel:
o OEM
o Aftermarket
India Smart Tires Market, By Region:
o North
o South
o West
o East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the India Smart Tires Market.
Available Customizations:
India Smart Tires Market report with the given market data, TechSci Research, offers customizations according to the 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).
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. Methodology Landscape
2.2. Objective of the Study
2.3. Baseline Methodology
2.4. Formulation of the Scope
2.5. Assumptions and Limitations
2.6. Sources of Research
2.7. Approach for the Market Study
2.8. Methodology Followed for Calculation of Market Size & Market Shares
2.9. Forecasting Methodology
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Regions
3.4. Overview of Market Drivers, Challenges, and Trends
4. India Smart Tires Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Vehicle Market Share Analysis (Passenger Cars, Commercial Vehicles)
4.2.2. By Sensor Market Share Analysis (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)
4.2.3. By Propulsion Market Share Analysis (ICE, Electric Vehicles)
4.2.4. By Distribution Channel Market Share Analysis (OEMs, Aftermarket)
4.2.5. By Region Market Share Analysis
4.2.6. By Top 5 Companies Market Share Analysis, Others (2025)
4.3. India Smart Tyres Market Mapping & Opportunity Assessment
5. India Passenger Cars Smart Tires Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Sensor Market Share Analysis
5.2.2. By Propulsion Market Share Analysis
5.2.3. By Distribution Channel Market Share Analysis
6. India Commercial Vehicles Smart Tires Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Sensor Market Share Analysis
6.2.2. By Propulsion Market Share Analysis
6.2.3. By Distribution Channel Market Share Analysis
7. Market Dynamics
7.1. Drivers
7.2. Challenges
8. Market Trends & Developments
9. Porters Five Forces Analysis
10. Policy & Regulatory Landscape
11. India Economic Profile
12. Disruptions: Conflicts, Pandemics and Trade Barriers
13. Competitive Landscape
13.1. Company Profiles
13.1.1. Apollo Tyres Ltd.
13.1.1.1. Business Overview
13.1.1.2. Company Snapshot
13.1.1.3. Products & Services
13.1.1.4. Financials (As Per Availability)
13.1.1.5. Key Market Focus & Geographical Presence
13.1.1.6. Recent Developments
13.1.1.7. Key Management Personnel
13.1.2. Balakrishna Industries Limited
13.1.3. Bridgestone Corporation
13.1.4. Continental India Ltd
13.1.5. Goodyear Tire & Rubber Company
13.1.6. JK Tyre and Industries
13.1.7. Michelin Group
13.1.8. MRF Limited
13.1.9. Pirelli & C SpA
13.1.10. Yokohama Rubber Company Limited
14. Strategic Recommendations
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