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Connected Tires Market Expected to Grow 58.5 percent CAGR from 2024 to 2030 Say's Maximize Market Research Report
Connected Tires Market
Maximize Market Research, has published market intelligence and competitive landscape report on the ๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ 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.
๐๐ซ๐๐ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐: 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.
๐๐ก๐๐๐ค ๐๐ฎ๐ญ ๐ ๐๐ซ๐ข๐๐ ๐๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐ : https://www.maximizemarketresearch.com/request-sample/209393/
๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐:
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
๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ , ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ, ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐, ๐๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง, ๐๐ข๐ฆ ๐๐ข๐ณ๐, ๐๐ง๐ ๐๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐๐จ๐ฉ๐ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐, ๐๐ฎ๐ซ๐จ๐ฉ๐, ๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐, ๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ ๐๐ง๐ ๐๐๐ซ๐ข๐๐, ๐๐จ๐ฎ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
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.
๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ญ๐ก๐ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐
Hardware
Software
๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ
TPMS
Accelerometer Sensors
Strain Gauge Sensors
RFID Chips
Other Sensors
๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐
Passenger Cars
Commercial Vehicles
๐๐ฒ ๐๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง
Electric
ICE
๐๐ฒ ๐๐ข๐ฆ ๐๐ข๐ณ๐
12-17 Inches
18-22 Inches
More Than 22 Inches
๐๐ฒ ๐๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ
Oems
Aftermarket
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
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
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก, ๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐: https://www.maximizemarketresearch.com/market-report/connected-tires-market/209393/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
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?
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
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
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐จ๐ฎ๐ซ ๐ญ๐จ๐ฉ-๐ฉ๐๐ซ๐๐จ๐ซ๐ฆ๐ข๐ง๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐ญ๐ซ๐๐ง๐๐ฌ:
โข 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.
๐๐ก๐ ๐๐จ๐ฐ ๐๐ซ๐ฎ๐๐ค ๐๐๐ซ๐ค๐๐ญ : https://www.maximizemarketresearch.com/market-report/tow-truck-market/189225/
โข 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.
๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ฆ๐๐ซ๐ญ ๐๐ข๐ซ๐ ๐๐๐ซ๐ค๐๐ญ: https://www.maximizemarketresearch.com/market-report/global-automotive-smart-tire-market/70519/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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sales@maximizemarketresearch.com
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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.
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