Connected Tire Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities Analysis

Global Connected Tire report from Global Insight Services is the single authoritative source of intelligence on Connected Tire market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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A connected tire is a tire that is equipped with sensors and other technology that allows it to communicate with the outside world. This communication can take many forms, including sending data about the tires condition to a central database, transmitting real-time information about the tires location to a GPS system, or sending alerts to the driver if the tires pressure or temperature falls outside of safe levels.

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Market Segments
The Connected Tire Market is segmented by rim size, sales channel, vehicle, and region. By rim size, the market is divided into 12″ - 17″, 18″ - 21″, > 22″. Based on sales channel, it is bifurcated into OEMs and aftermarket. On the basis of vehicle, it is classified into passenger vehicles and commercial vehicles. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players
The Connected Tire Market includes players such as Michelin , Pirelli & C. S.p.A., Goodyear Tire & Rubber Company, Continental AG, Bridgestone Corporation, Nokian Tyres plc, Trelleborg AB, Sumitomo Rubber Industries, Ltd., JK Tyres, and Toyo Tires.

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Key Trends
The key trends in connected tire technology are the development of more sophisticated sensors and the integration of those sensors with other systems within the vehicle. The goal is to provide drivers with more information about the condition of their tires and the road surface, and to enable the tires to adjust their level of grip automatically in response to changing conditions.

One of the most promising applications of connected tire technology is in the area of safety. By constantly monitoring the condition of the tires and the road surface, the system can provide warnings to the driver in the event of a potential issue.

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