Connected Tires Market Expected to Grow 58.5 percent CAGR from 2024 to 2030 Say's Maximize Market Research Report

Connected Tires Market Expected to Grow 58.5 percent CAGR from 2024 to 2030

Maximize Market Research, has published market intelligence and competitive landscape report on the 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐞𝐝 𝐓𝐢𝐫𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 published in March 2024. The Connected Tires Market size was valued at USD 3.84 Mn. in 2023 and the total revenue is expected to grow at a CAGR of 58.5 percent from 2024 to 2030, reaching nearly USD 96.50 Mn. by 2030.

The connected tires market refers to the incorporation of advanced technologies and connectivity features into automotive tires. These smart tires collect and provide real-time data on tire pressure, temperature, tread wear, and general tire health using sensors, microchips, and wireless communication capabilities.

𝐆𝐫𝐚𝐛 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.maximizemarketresearch.com/request-sample/209393/

The connected tires market is being driven by the growing popularity of connected and autonomous vehicles, rising consumer awareness of tire safety and performance optimization, developments in wireless connectivity and tire sensor technologies, and fleet managers importance on predictive maintenance and real-time fleet management monitoring.

The increasing demand for connected and autonomous vehicles is driving the connected tires market, as real-time tire monitoring and optimization become essential. Technological advancements have led to sophisticated tire sensors and better wireless connectivity, with companies like Michelin introducing sensors that monitor multiple tire parameters. Tesla's Autopilot system exemplifies this trend by including tire pressure monitoring and alerts.

The integration of advanced technologies into tires comes with associated costs, including sensor installation, connectivity modules, and data analytics infrastructure. These costs can be a barrier, especially for budget-conscious consumers or fleet operators with large vehicle fleets. The absence of standardized protocols and interoperability among different tire manufacturers and vehicle systems poses a challenge to the connected tires market.

North America is one of the key markets for connected tires due to several factors. The region's strong automotive industry, early acceptance of connected and autonomous vehicles, and robust technological infrastructure contribute to its dominance.

In the near future, the connected tires market is anticipated to be led by the Asia Pacific region. The need for linked tires and connected vehicles is being driven by government initiatives in countries like China and India that support smart cities and intelligent transportation networks. For example, the Chinese government's "Made in China 2025" project seeks to promote the use of connected technologies while improving the nation's manufacturing capacities, particularly in the automotive industry.

𝐂𝐡𝐞𝐜𝐤 𝐎𝐮𝐭 𝐚 𝐁𝐫𝐢𝐞𝐟 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞 : https://www.maximizemarketresearch.com/request-sample/209393/

𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐞𝐝 𝐓𝐢𝐫𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞:

Market Size in 2023 USD 3.84 Mn.
Market Size in 2030 USD 96.50 Mn.
CAGR 58.5% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 285
No. of Tables 115
No. of Charts and Figures 110

𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐛𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠, 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭, 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐲𝐩𝐞, 𝐏𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧, 𝐑𝐢𝐦 𝐒𝐢𝐳𝐞, 𝐚𝐧𝐝 𝐒𝐚𝐥𝐞𝐬 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

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

Report Coverage Connected Tires 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, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐞𝐝 𝐓𝐢𝐫𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐭𝐡𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

𝐁𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠
Hardware
Software

𝐁𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭
TPMS
Accelerometer Sensors
Strain Gauge Sensors
RFID Chips
Other Sensors

𝐁𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐲𝐩𝐞
Passenger Cars
Commercial Vehicles

𝐁𝐲 𝐏𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧
Electric
ICE

𝐁𝐲 𝐑𝐢𝐦 𝐒𝐢𝐳𝐞
12-17 Inches
18-22 Inches
More Than 22 Inches

𝐁𝐲 𝐒𝐚𝐥𝐞𝐬 𝐂𝐡𝐚𝐧𝐧𝐞𝐥
Oems
Aftermarket

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐞𝐝 𝐓𝐢𝐫𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

Bridgestone Corporation
Michelin
Continental AG
Pirelli & C. S.p.A
Goodyear Tire and Rubber Company
Sumitomo Rubber Industries, Ltd.
Hankook Tire & Technology Co., Ltd.
Yokohama Rubber Co., Ltd.
Giti Tire Corporation
Kumho Tire Co., Inc.
Toyo Tire Corporation
Nokian Tyres plc
Cooper Tire & Rubber Company

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞: https://www.maximizemarketresearch.com/market-report/connected-tires-market/209393/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐞𝐝 𝐓𝐢𝐫𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

How big is the Connected Tires Market?
What is the growth rate of the Connected Tires Market?
What are the segments of the Connected Tires Market?
Which region has the highest market share in the Connected Tires Market sector?
Is it profitable to invest in the Connected Tires Market?


𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Connected Tires Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Connected Tires Market Segmentation - A detailed analysis by Product
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


𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐨𝐮𝐫 𝐭𝐨𝐩-𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐚𝐭𝐞𝐬𝐭 𝐭𝐫𝐞𝐧𝐝𝐬:

• The Tow Truck Market size was valued at USD 1.47 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 5.1% from 2024 to 2030, reaching nearly USD 2.35 Bn.

𝐓𝐡𝐞 𝐓𝐨𝐰 𝐓𝐫𝐮𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.maximizemarketresearch.com/market-report/tow-truck-market/189225/

• Automotive Smart Tire Market was valued at USD 88.50 Billion in 2023 and is expected to grow to USD 162.5 Billion by 2030, representing a CAGR of 8.1% from 2024 to 2030.

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐦𝐚𝐫𝐭 𝐓𝐢𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.maximizemarketresearch.com/market-report/global-automotive-smart-tire-market/70519/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.