Connected Tires Market is forecasted to grow at a CAGR of 58.5% from 2023 to 2029, reaching nearly US$ 486.03 Billion

Connected Tires Market Report Scope and Research Methodology

The connected tires market report provides a comprehensive analysis of the industry landscape, encompassing various factors driving the market growth, challenges faced, and emerging opportunities. The scope of the report includes an in-depth examination of connected tire technologies, their applications across different sectors such as automotive, transportation, and logistics, and their impact on improving safety, efficiency, and sustainability. Additionally, the report delves into the competitive landscape, analyzing key players, their market strategies, partnerships, and product innovations aimed at gaining a competitive edge in the connected tires market.

In terms of research methodology, the report employs a combination of primary and secondary research techniques to gather and analyze data effectively. Primary research involves interviews and surveys with industry experts, key stakeholders, and market participants to obtain firsthand information on market trends, technological advancements, and customer preferences. Secondary research involves thorough analysis of existing literature, company reports, industry journals, and government publications to validate and supplement the primary findings. The gathered data is then analyzed using various quantitative and qualitative techniques to derive meaningful insights and provide accurate forecasts and projections for the connected tires market.

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Connected Tires Market Dynamics:

The dynamics of the connected tires market are shaped by a convergence of technological advancements, regulatory mandates, and evolving consumer preferences. One of the primary drivers propelling market growth is the increasing demand for real-time monitoring and analysis of tire performance, enabled by connected tire solutions. These systems offer benefits such as predictive maintenance, enhanced vehicle safety, and optimized fuel efficiency, thereby attracting interest from automotive manufacturers, fleet operators, and transportation companies. Moreover, the integration of Internet of Things (IoT) sensors and advanced data analytics capabilities in connected tires enables remote monitoring of tire pressure, temperature, tread wear, and other critical parameters, leading to proactive maintenance and reduced downtime.

However, challenges such as concerns regarding data privacy and cybersecurity, interoperability issues, and the high initial costs associated with deploying connected tire systems hinder market expansion to some extent. Addressing these challenges requires collaboration among stakeholders, including technology providers, regulatory bodies, and end-users, to establish industry standards, enhance cybersecurity measures, and develop cost-effective solutions. Additionally, the growing emphasis on sustainable mobility and environmental regulations is driving the adoption of connected tires with features like eco-friendly materials, energy-efficient designs, and tire lifecycle management solutions. As the automotive industry continues to embrace digital transformation and smart mobility initiatives, the connected tires market is poised for significant growth, driven by innovations aimed at improving safety, efficiency, and sustainability across the transportation ecosystem.


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Connected Tires Market Regional Insights:

Regional insights play a crucial role in understanding the dynamics of the connected tires market, as market trends and drivers vary across different geographical regions. North America, with its robust automotive industry and technological innovation ecosystem, holds a significant share in the connected tires market. The region is witnessing increasing adoption of connected tire solutions driven by stringent regulations related to vehicle safety and emissions, coupled with the growing demand for advanced automotive technologies. Moreover, the presence of major automotive OEMs, tech companies, and tire manufacturers investing in research and development further fuels market growth in North America.

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Connected Tires Market Segmentation:

by Sales Channel

OEM
Aftermarket

by Rim Size

13-15 inches
16-18 inches
19-21 inches
Above 21 inches

by Vehicle Type

Passenger cars
Commercial vehicles
Off-road vehicles
Two-wheelers

by Propulsion type

Electric vehicles
Internal combustion engine vehicles

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Connected Tires Market Key Players:

1. Bridgestone Corporation
2. Michelin
3. Continental AG
4. Pirelli & C. S.p.A
5. Goodyear Tire and Rubber Company
6. Sumitomo Rubber Industries, Ltd.
7. Hankook Tire & Technology Co., Ltd.
8. Yokohama Rubber Co., Ltd.
9. Giti Tire Corporation
10. Kumho Tire Co., Inc.
11. Toyo Tire Corporation
12. Nokian Tyres plc
13. Cooper Tire & Rubber Company
14. Apollo Tyres Ltd.
15. MRF Limited
16. Nexen Tire Corporation
17. CEAT Limited
18. Maxxis International
19. Falken Tire Corporation
20. BKT (Balkrishna Industries Limited)
21. Triangle Group Co., Ltd.
22. GT Radial (Giti Tire Global Trading Pte. Ltd.)
23. Double Coin Holdings Ltd.
24. Linglong Tire Co., Ltd.
25. Alliance Tire Group (ATG)

Table of content for the Connected Tires Market includes:

1. Global Connected Tires Market: Research Methodology

2. Global Connected Tires Market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3.Global Connected Tires Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4 . Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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