Asia Pacific Connected Tires Market was valued at USD 0.81 Million in 2023 and the market size is projected to grow at a CAGR of 67 % over the forecast period As per Stellar Market Research

Stellar Market Research has published a market intelligence and competitive landscape report on the Asia Pacific Connected Tires Market. The report is a combination of primary data and secondary data and field experts have examined the Asia Pacific Connected Tires Market from a local, regional and global point of view. Over the forecast period, Stellar Market Research expects valued at USD 0.81 Million in 2023 and the market size is projected to grow at a CAGR of 67 % over the forecast period.

To Get Further Information About the Research Methods:https://www.stellarmr.com/report/req_sample/Asia-Pacific-Connected-Tires-Market/959

Asia Pacific Connected Tires Market Scope:

Market Size in 2023 USD 0.81 Bn.

Market Size in 2030 USD 29.52 Bn.

CAGR 67% (2024-2030)

Forecast Period 2024-2030

Base Year 2023

Number of Pages 255

No. of Tables 120

No. of Charts and Figures 115

Segment Covered by Rim size and application, sales

Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

Asia Pacific Connected Tires Market Overview

Connected tires are significant part of Internet of Things (IoT) and becoming increasingly continuously. Connected Tires help consumers since they are fitted with sensors that make driving safer and more convenient. Asia pacific Connected Tire market is segmented by Rim Size, Application, Sales Channel, and geography

Asia Pacific Connected Tires Market Dynamics:

Drivers: The rise of self-driving technology and car-sharing is boosting demand for connected tires with embedded sensors, enabling data analytics for enhanced vehicle maintenance and safety. Increased demand for predictive maintenance and digital tire monitoring in ride-hailing and logistics fleets is also driving market growth. However, high costs of components, sensor assemblies, and connectivity solutions increase overall vehicle production costs, while risks of system malfunctions and cybersecurity threats may limit market adoption. The significant costs of embedding sensors in tires and the need for advanced connection platforms present challenges, as simpler systems like TPMS are insufficient for comprehensive tire monitoring and predictive maintenance

To Get Further Information About the Research Methods:https://www.stellarmr.com/report/req_sample/Asia-Pacific-Connected-Tires-Market/959

Asia Pacific Connected Tires Market Regional Insight:

Asia Pacific Connected Tires Market features prominent firms with extensive networks and diverse product portfolios, alongside smaller competitors with limited offerings. Major companies drive revenue growth and market positioning through strategic initiatives such as acquisitions, new product launches, and partnerships.

Asia Pacific Connected Tires Market Segmentation:

By Rim Size

12"- 17"
18"- 21"
More Than 22"
By Application

Passenger Cars
Commercial Vehicles
By Sales Channel

OEM
Aftermarket

Leading Asia Pacific Connected Tires Market key industry:

Sumitomo Rubber Ltd (Japan)
JK Tires (India)
Toyo Tires (Japan)
Bridgestone Corp (Japan)
Apollo Tires Ltd. (India)
Balkrishna Industries Limited (BKT) (India)
CEAT Limited.(India)
Cheng Shin Rubber Market Co. Ltd. (China)
Gajah Tunggal Tbk (Indonesia)

Visit the following webpage to obtain additional information about this study:https://www.stellarmr.com/report/Asia-Pacific-Connected-Tires-Market/959

Key questions answered in the Asia Pacific Connected Tires Market are:

What segments are covered in the Asia Pacific Connected Tires Market report?
What is the market size of the Asia Pacific Connected Tires Market by 2030?
What is the forecast period for the Asia Pacific Connected Tires Market?
What was the market size of the Asia Pacific Connected Tires Market in 2023?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
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

Stellar Market Research is leading Automotive & Transportation research firm, has also published the following reports:

Europe Connected Tires Market was valued at USD 1.07 Million in 2023. The Europe Connected Tires Market size is estimated to grow at a CAGR of 65 % over the forecast period.

North America Connected Tires Market was valued at USD 0.83 billion in 2023. The North America Connected Tires Market size is estimated to grow at a CAGR of 63% over the forecast period

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About Stellar Market Research:

Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on many topics like Healthcare, Pharmaceuticals, Electronics and communications, Chemical and Material, Food and Beverages, Aerospace and defense, and other sectors. The company provide numerous services i.e. consultancy, Market Intelligence, Syndicate Research etc. to help executives in any organization and consumers achieve their mission-critical goals.

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