Global Connected Tire Market size Is Projected to Grow USD 45.60 million by 2030

Global Connected Tire Market 2023-2030, report discovers comprehensive insights on key manufacturers with share information, market size and projection, key dynamics, growth factors, and new company profiles. The report provides detailed information about the market overview, prevalent trends, demand, and recent developments impacting the market growth in the coming years. Connected Tire Market opportunities analysis, strategic growth analysis, product launches, marketplace expanding, and technological innovations are also highlighted. The report uncovers Connected Tire market size, potential growth, trends and expansion strategies followed by top prominent players.

The global Connected Tire Market size was valued at USD 0.75 million in 2021. The market is projected to grow from USD 1.18 million in 2022 to USD 45.60 million by 2030, exhibiting a CAGR of 68.5% during the forecast period.

𝗚𝗲𝘁 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗟𝗮𝘁𝗲𝘀𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗼𝗻 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 2023 𝗕𝗲𝗳𝗼𝗿𝗲 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲:
https://www.contrivedatuminsights.com/request-sample/248494

The effects of the global COVID-19 pandemic have never been seen before. For example, the demand for connected tyres is lower than expected in all regions compared to levels before the pandemic. Our research shows that the global market was 18.0% smaller in 2020 than in 2019.
"Connected" tyres have a number of sensors that track the condition of the tyre and send that information to the car in real time. There are a number of Internet of Things (IoT) devices and sensor-based systems in the tyres, such as a pressure monitoring system, temperature control systems, an advanced assistance system, and others. It sends the information it has gathered to the computer. This includes things like tyre pressure, road condition, tread depth, speed, and tyre temperature. This lets the computer figure out how well the tyres are working, if they need maintenance, and if they are off track. It also lets the computer adjust the suspension, emergency brakes, traction control, and other things. The rise of new technologies in the auto industry is one of the main things that will drive future changes in this technology.
The market is growing because more people want safer roads and more people want passenger cars with more advanced safety features. The increasing use of connected features in cars and the development and sale of self-driving cars are also important growth factors. Fleet operators will also want better tyre management to cut down on the costs of replacing tyres and keeping them in good shape. This will drive the need for technology. Support from the government for the development and use of smart vehicles in both developed and developing countries will also help the market grow in a way that makes money.

𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗽𝗿𝗼𝗳𝗶𝗹𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝘀𝘁𝘂𝗱𝘆 𝗮𝗿𝗲
Michelin (France), Pirelli & C. S.p.A. (Italy), Goodyear Tire & Rubber Company (U.S.), Continental AG (Germany), Bridgestone Corporation (Japan), Nokian Tyres plc (Finland), Trelleborg AB (Sweden), Sumitomo Rubber Industries, Ltd (Japan), JK Tyres (India), Toyo Tires (Japan), and Others.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

By Vehicle Type:
• Passenger Cars
• Commercial Vehicles
• Others

By Rim Size:
• 12" - 17"
• 18" - 21"
• More than 22"
• Other

𝗚𝗲𝗼𝗴𝗿𝗮𝗽𝗵𝗶𝗰𝗮𝗹𝗹𝘆, 𝘁𝗵𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗼𝗳 𝗰𝗼𝗻𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻, 𝗿𝗲𝘃𝗲𝗻𝘂𝗲, 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗵𝗮𝗿𝗲 𝗮𝗻𝗱 𝗴𝗿𝗼𝘄𝘁𝗵 𝗿𝗮𝘁𝗲, 𝗵𝗶𝘀𝘁𝗼𝗿𝗶𝗰 𝗮𝗻𝗱 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁𝘀 (2023-2030) 𝗼𝗳 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗿𝗲𝗴𝗶𝗼𝗻𝘀 𝗮𝗿𝗲 𝗰𝗼𝘃𝗲𝗿𝗲𝗱:
• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:
In 2021, Europe had the biggest share of the market, and this is likely to stay true for the next few years. The market is expected to grow because of the strong presence of big players like Michelin, Continental AG, and Pirelli & C.S.p.A., as well as technological advances in the area. Also, the fast spread of connected and self-driving vehicles in the region is likely to speed up market growth in the future.
Asia and the Pacific are likely to have the best CAGR from 2022 to 2029. The Asia-Pacific market is expected to grow because more passenger cars are being sold in countries that are still developing, like China, Japan, South Korea, and others. Also, the market in Asia Pacific is expected to grow because there is a growing need for effective fleet management and predictive maintenance in the well-established logistics and ride-hailing industries there. Also, the growth of the market in Asia is helped by the fact that more cars are being sold in countries like China, India, and Japan.
North America is the second-biggest market region. The main thing that is making the area grow is how quickly connected and self-driving cars are being made and sold. The growth of the market in North America will also be helped by the fact that there are a lot of big names in automotive technology and that the infrastructure is getting better.
From 2022 to 2029, the CAGR for the rest of the world is expected to be quite high. In the coming years, the market is likely to grow because more people in Latin America and the Middle East are buying technologically advanced cars and more money is being spent on related infrastructure.

𝗧𝗼 𝗚𝗲𝘁 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗔𝗰𝗰𝗲𝘀𝘀 𝗢𝗳 𝗧𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲:
https://www.contrivedatuminsights.com/buy/248494

𝗧𝗮𝗯𝗹𝗲 𝗼𝗳 𝗖𝗼𝗻𝘁𝗲𝗻𝘁:
1. Executive Summary
2. Research Methodology
3. Market Outlook
4. Covid-19 Impact On Connected Tire Market
5. Connected Tire Market Overview, By Segmentation, 2017 - 2030 (USD Million)
6. Connected Tire Market Overview, By Geography, 2017 - 2030 (USD Million)
7. North America Connected Tire Market Overview, By Countries, 2017 - 2030 (USD Million)
8. Europe Connected Tire Market Overview, By Countries, 2017 - 2030 (USD Million)
9. Asia Pacific Connected Tire Market Overview, By Countries, 2017 - 2030 (USD Million)
10. Middle East & Africa Connected Tire Market Overview, By Countries, 2017 - 2030 (USD Million)
11. South America Connected Tire Market Overview, By Countries, 2017 - 2030 (USD Million)
12. Competitive Landscape
13. Key Vendor Analysis
14. Connected Tire Market Cost Analysis
15. Industrial Chain, Sourcing Strategy and Downstream Buyers
16. Marketing Strategy Analysis, Distributors/Traders
17. Market Effect Factors Analysis
18. Future Outlook of the Market

𝗥𝗲𝗮𝗱 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗜𝗻𝗱𝗲𝘅 𝗼𝗳 𝗳𝘂𝗹𝗹 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝘁𝘂𝗱𝘆 𝗮𝘁
https://www.contrivedatuminsights.com/product-report/connected-tire-market-248494

𝗪𝗵𝘆 𝗬𝗼𝘂 𝗦𝗵𝗼𝘂𝗹𝗱 𝗕𝘂𝘆 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
1. The forecast for the established and growing markets for global Connected Tire Market.
2. Use Porter's Five Forces analysis to analyze various market perspectives.
3. The market segment that is anticipated to dominate the Connected Tire industry worldwide.
4. Geographical areas that are anticipated to experience the quickest growth over the projection period.
5. Identify the most recent innovations, market shares for global Connected Tire and marketing techniques used by the leading industry competitors.

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𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:
Anna B. | Head Of Sales
Contrive Datum Insights
Phone: +91 9834816757 | +1 2152974078
Email: anna@contrivedatuminsights.com

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:
Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising of a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

This release was published on openPR.