Executive Summery

This report presents a detailed overview of the Connected Tires Market, highlighting key insights into its market size, share, and growth during the forecast period, i.e., 2023-28. It explores emerging trends, competitive dynamics, and the core drivers reshaping the industry. Backed by solid data and expert analysis, the study offers segment-wise insights and reliable forecasts to guide strategic decisions. With comprehensive market analysis and forward-looking perspectives, this report serves as a practical tool for stakeholders navigating change. Whether you're an investor, policymaker, or business leader, this research helps you stay ahead in the fast-evolving Connected Tires industry landscape.

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Connected Tires Market Statistics and Key Highlights

The Global Connected Tires Market is projected to grow at a CAGR of around 64.3% during the forecast period, i.e., 2023-28.

  • Connected Tires market shows steady growth
  • Market size expanding due to rising industry demand
  • Competitive landscape driven by tech and innovation
  • Detailed segment-wise and geography wise share analysis
  • Forecast reveals strong trends shaping future outlook

Key Player- Emerging Connected Tires Companies

  • Bridgestone Tires
  • Michelin Tires
  • Goodyear Tire and Rubber Company
  • Continental AG
  • Pirelli
  • Sumitomo Tires
  • Hankook Tires
  • Nokian Tyres
  • Yokohama Tires
  • Toyo Tires
  • Zhongce Rubber
  • Kumho Tire
  • Telleborg AB
  • MRF Tyres
  • JK Tyres

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Key Driver:

Ever-Increasing Emphasis on Vehicle Safety & Performance - Connected tires offer various benefits that improve safety, enhance vehicle performance, and provide real-time monitoring of tire pressure, temperature, & tread wear, which allows drivers to receive alerts & warnings regarding potential tire-related issues. It, in turn, reduces the risk of accidents caused by underinflated or worn-out tires. They further help maintain optimal tire pressure, maximize fuel efficiency, & enhance overall vehicle performance. Hence, with the rising cases of road accidents worldwide, there's a growing emphasis on vehicle & passenger safety, which is driving the Global Connected Tires Market.

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Connected Tires Market Segmentation

By Type of Vehicle

  • Passenger Vehicles - Market Size & Forecast 2018-2028, (Thousand Units)
  • Commercial Vehicles - Market Size & Forecast 2018-2028, (Thousand Units)

Of both, passenger vehicles constitute a larger portion of both the automotive industry and the Global Connected Tires Market.

By Rim Size

  • 12”-17”- Market Size & Forecast 2018-2028, (Thousand Units)
  • 1”-22”- Market Size & Forecast 2018-2028, (Thousand Units)
  • More than 22”- Market Size & Forecast 2018-2028, (Thousand Units)

By Demand Type

  • OEMs - Market Size & Forecast 2018-2028, (Thousand Units)
  • Aftermarket - Market Size & Forecast 2018-2028, (Thousand Units)

By Region

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • The Middle East and Africa

Of all regions globally, North America & Europe have been witnessing significant growth in the Connected Tires Market.

Reasons to Buy This Report

  1. Gain comprehensive insights into current market trends and dynamics.
  2. Equip your business with data-driven strategies for informed decisions.
  3. Identify lucrative market opportunities and strategic growth areas.
  4. Analyze competitors to enhance your positioning in the market landscape.
  5. Understand geographical trends across diverse markets for better expansion strategies.

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