Global Connected Tires Market Size to Grow USD 54 million by 2028 | Bridgestone, Michelin, Goodyear, Continental, and Pirelli

The global connected tires market size is projected to grow from USD 4 million in 2023 to USD 54 million by 2028, at a CAGR of 67.1%. Increasing demand for safety and the growing vehicle connectivity trend are poised to impact the connected tire market profoundly. The convergence of these factors is expected to drive significant changes in the industry.

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The Connected Tire market is dominated by major charging providers including Bridgestone (Japan), Michelin (France), Goodyear (US), Continental (Germany), and Pirelli (Italy) among others in the Connected Tire market.

The connected tires market refers to the industry involved in the development and integration of tire technology with connectivity features and advanced sensors. Connected tires, also known as smart tires or intelligent tires, are equipped with sensors, wireless communication capabilities, and embedded technologies that enable them to collect and transmit real-time data about tire performance, conditions, and maintenance needs.

The connected tires market is driven by several factors, including the increasing demand for vehicle safety, the need for efficient fleet management solutions, and the growing adoption of Internet of Things (IoT) technologies in the automotive industry. Additionally, advancements in sensor technology, wireless connectivity, and data analytics have enabled the development of sophisticated connected tire solutions.

Several major tire manufacturers and automotive technology companies are actively involved in the connected tires market. These companies are investing in research and development to enhance tire connectivity features, integrate data analytics capabilities, and expand their product portfolios.

Looking ahead, the connected tires market is expected to witness significant growth as vehicle connectivity and IoT technologies continue to advance. The integration of connected tire systems with autonomous vehicles and intelligent transportation systems is also anticipated to drive market expansion. Additionally, the increasing focus on sustainability and environmental impact may lead to the development of connected tire solutions that optimize fuel efficiency and reduce carbon emissions.

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