openPR Logo
Press release

Connected Tires Market investment will reach US$ 96.50 Billion by 2030

Connected Tires Market

Connected Tires Market

๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐“๐ข๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ size is valued at US$ 3.84 Million and is forecasted to grow at a CAGR of 58.5% from 2024 to 2030, reaching nearly US$ 96.50 Million

๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐“๐ข๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The connected tires market is an innovative segment of the automotive industry, integrating sensor technology to provide real-time data on tire conditions. These advanced tires can monitor metrics like pressure, temperature, tread wear, and road conditions, transmitting data to both the driver and the vehicle's onboard systems. This capability improves safety, performance, and fuel efficiency while enabling predictive maintenance, which is highly valuable for both personal and commercial vehicles. As vehicles become smarter, the demand for connected tires is rising, making them an essential part of the evolving automotive ecosystem.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/209393/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐“๐ข๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The push towards vehicle safety and preventive maintenance is a major driver in the connected tires market. Connected tires provide real-time feedback on critical tire conditions, allowing drivers to proactively address issues such as low pressure or excessive wear before they escalate into potential hazards. This capability is especially valuable for commercial fleets, where tire health has a direct impact on operational safety and efficiency. As road safety becomes a priority for consumers and regulators, connected tire technology is gaining momentum as a key solution.

๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐“๐ข๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

One of the prominent trends in the connected tires market is the integration of artificial intelligence (AI) and machine learning (ML) into tire monitoring systems. These technologies enable connected tires to analyze and predict road conditions and tire performance more accurately. For instance, AI can help detect patterns in tire wear and suggest maintenance schedules, while machine learning algorithms can enhance real-time decision-making for optimal performance. This trend is enhancing the intelligence of connected tire systems, making them more adaptive and efficient.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/209393/

๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐“๐ข๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

The connected tires market offers considerable opportunities in the commercial vehicle segment, especially for fleet management. Fleet operators can leverage connected tire technology to monitor tire health across an entire fleet, enabling predictive maintenance that minimizes downtime and reduces operating costs. Connected tires can also help improve fuel efficiency, which is a crucial factor in managing the expenses of commercial fleets. With the logistics and transportation sectors increasingly looking for cost-effective solutions, connected tires provide an attractive opportunity for fleet optimization.

๐–๐ก๐š๐ญ ๐ข๐ฌ ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐“๐ข๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ?

North America and Europe are leading markets for connected tires, driven by advanced automotive infrastructure and high adoption rates of smart and autonomous vehicle technologies. In North America, the U.S. is at the forefront, with significant investments in autonomous driving and electric vehicles. The region's established regulatory framework around vehicle safety and emissions further encourages the adoption of connected tire technology. Europe, with its strong automotive manufacturing base and stringent environmental standards, also sees robust demand for connected tires, especially in countries like Germany and France.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/209393/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐“๐ข๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐‚๐จ๐ง๐ง๐ž๐œ๐ญ๐ž๐ ๐“๐ข๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

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)

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/connected-tires-market/209393/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

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

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Genetic Engineering Market https://www.maximizemarketresearch.com/market-report/genetic-engineering-market/208710/

โ™ฆ Climate Data Analysis Market https://www.maximizemarketresearch.com/market-report/climate-data-analysis-market/208723/

โ™ฆ Placenta Market https://www.maximizemarketresearch.com/market-report/placenta-market/208753/

โ™ฆ Advanced Analytics Market https://www.maximizemarketresearch.com/market-report/advanced-analytics-market/208671/

โ™ฆ Board Sports Market https://www.maximizemarketresearch.com/market-report/board-sports-market/209411/

โ™ฆ Payroll Outsourcing Market https://www.maximizemarketresearch.com/market-report/payroll-outsourcing-market/209414/

โ™ฆ Automotive Manufacturing Equipment Market https://www.maximizemarketresearch.com/market-report/automotive-manufacturing-equipment-market/209355/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Connected Tires Market investment will reach US$ 96.50 Billion by 2030 here

News-ID: 3730142 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Bangladesh Ceramics Tiles Market to Surpass USD 2.1 Billion by 2030, Fueled by a Robust 13.71% CAGR
Bangladesh Ceramics Tiles Market to Surpass USD 2.1 Billion by 2030, Fueled by a โ€ฆ
Bangladesh Ceramics Tiles Market size was valued at USD 882.56 Million in 2023 and the total Bangladesh Ceramics Tiles Market revenue is expected to grow at a CAGR of 13.71 % from 2024 to 2030, reaching nearly USD 2169.38 Million. Bangladesh Ceramics Tiles Market Overview: The Bangladesh ceramics tiles market is a vital component of the country's construction and building materials industry, driven by rapid urbanization, infrastructure development, and rising disposable incomes.โ€ฆ
Furfural Market to Reach Nearly USD 1 Trillion by 2030, Propelled by a 6.8% CAGR
Furfural Market to Reach Nearly USD 1 Trillion by 2030, Propelled by a 6.8% CAGR
Furfural Market size was valued at USD 630.2Mn in 2023. The Furfural Market revenue is growing at a CAGR of 6.8 % from 2023 to 2029, reaching nearly USD 998.30 Bn by 2030. Furfural Market Overview: The furfural market is centered around an organic compound derived primarily from agricultural byproducts such as corn cobs, sugarcane bagasse, and rice husks through a process of acid hydrolysis. As one of the oldest renewable chemicals,โ€ฆ
Chemical Protective Clothing Market Valued at USD 1.57 Bn in 2024, Projected to Grow at a 5.59% CAGR Through 2032
Chemical Protective Clothing Market Valued at USD 1.57 Bn in 2024, Projected to โ€ฆ
Chemical Protective Clothing Market size was valued at USD 1.57 Billion in 2024 and the total Chemical Protective Clothing revenue is expected to grow at a CAGR of 5.59% from 2025 to 2032, reaching nearly USD 2.42 Billion. Chemical Protective Clothing Market Overview: The Chemical Protective Clothing (CPC) market comprises garments and accessories specifically designed to shield workers from exposure to hazardous chemicals, liquids, and particulate matter across a wide range ofโ€ฆ
Prefabricated Homes Market Valued at USD 18.58 Bn in 2024, Poised for 6.19% CAGR Growth to 2032
Prefabricated Homes Market Valued at USD 18.58 Bn in 2024, Poised for 6.19% CAGR โ€ฆ
Prefabricated Homes Market size was valued at USD 18.58 Billion in 2024 and the total Prefabricated Homes revenue is expected to grow at a CAGR of 6.19% from 2025 to 2032, reaching nearly USD 30.04 Billion. Prefabricated Homes Market Overview: The prefabricated homes market, also known as modular or off-site construction, involves the manufacturing of building components in a controlled factory environment before their assembly at the final location. This method revolutionizesโ€ฆ

All 5 Releases


More Releases for Tire

Tire Derived Fuel Market to See Booming Growth | Reliable Tire Disposal, Liberty โ€ฆ
Latest released the research study on Global Tire Derived Fuel Market, offers a detailed overview of the factors influencing the global business scope. Tire Derived Fuel Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Tire Derived Fuel The study covers emerging player'sโ€ฆ
Airplane Tire Market to See Huge Growth by 2027 | Qingdao Sentury Tire, Goodyear โ€ฆ
The latest study released on the Global Airplane Tire Market by AMA Research evaluates market size, trend, and forecast to 2027. The Airplane Tire market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players inโ€ฆ
Tire Recycling Market: How the Business Will Grow in 2025? Prominent Players: Mi โ€ฆ
Tire Recycling Industry 2019 report provides concentrated and in-depth analysis of the existing situation of the Global Tire Recycling market, along with market share, revenue, assertive perception and forecast 2025.the report also provides current Tire Recycling business situation along with a valid assessment of the Tire Recycling business. Tire Recycling report is partitioned based on driving Tire Recycling players, application and regions. Tire recycling, or rubber recycling, is the process ofโ€ฆ
Vacuum Tire Market Scenario Highlighting Major Drivers & Trends, 2019 โ€“ 2025 | โ€ฆ
Vacuum Tire Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation andโ€ฆ
Tire derived Fuel Market | Top Key Players: Ragn-Sells Group, Liberty Tire Whole โ€ฆ
Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled โ€œTire derived Fuel Market โ€“ Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 โ€“ 2026โ€ offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years.โ€ฆ
Global Tire derived Fuel Market Research Report 2018-2025 | Global Key -Liberty โ€ฆ
Looking at the current trends across the Tire derived Fuel market, a new study has been included to the wide database of Market Research Hub (MRH). The assessment is titled "Global Tire derived Fuel Market Insights, Forecast to 2025", which discourses the various market impacting factors like drivers, restraints and opportunities. Moreover, readers are informed about the competitive landscape which enlightens about the different players operating in the Tire derivedโ€ฆ