Primary Catalyst Driving Connected Tires Market Evolution in 2025: Surging Autonomous Adoption Catalyzes Connected Tire Market Growth Driver

What Is the Future Outlook for the Connected Tires Market's Size and Growth Rate?
In recent times, there's a significant increment in the size of the connected tires market. An expansion from $0.01 billion in 2024 to $0.01 billion in 2025 is expected, which represents a compound annual growth rate (CAGR) of 42.2%. Numerous factors have contributed to the growth during the historic period. These include the growing focus on carbon emission reduction, higher demand for fleet management solutions, stricter vehicle safety regulations, increasing uptake of smart vehicle technologies, and a surging interest in connected vehicles.

The market size of connected tires is projected to experience a significant surge in the near future, with its value reaching $0.06 billion by 2029, which implies a compound annual growth rate (CAGR) of 41.8%. This expected rise in the projected period can be linked to the escalating demand for real-time tire performance monitoring, growing acceptance of Internet of Things (IoT) and integrated vehicle technologies, an increased focus on vehicle safety and predicted maintenance, mounting demand for fuel adeptness and ecological sustainability in transportation, along with an uptick in the use of electric and self-driving vehicles. The prominent trends during the forecast period would incorporate integration with IoT ecosystems, sophisticated sensor technologies, intelligent tire technologies, the technology of digital twins, and tire services based on subscriptions.

What Is Stimulating Growth in the Connected Tires Market?
The surge in acceptance of autonomous vehicles is predicted to accelerate the expansion of the connected tires market in the future. Self-driving cars, equipped with state-of-the-art sensors, cameras, radar, and artificial intelligence, are capable of manoeuvring and functioning without human assistance, which constitutes autonomous vehicles. They are being adopted widely due to technological progression, ecological worries, and evolving consumer tastes. Connected tires, providing crucial data that boosts safety, performance, efficiency, and user satisfaction, are vital to autonomous vehicles, which makes them inevitable in the advancement of contemporary transportation. For example, the National Association of Insurance Commissioners, an American non-profit organization, predicted in December 2022 that by 2025, 3.5 million autonomous vehicles would be on US highways, and by 2030, this number would rise to 4.5 million. Consequently, the escalating adoption of autonomous and electric vehicles will spur the growth of the connected tires market.

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Which Key Market Leaders Are Driving Connected Tires Industry Growth?
Major companies operating in the connected tires market are MRF Limited, ZF Friedrichshafen AG, Continental AG, Bridgestone Corporation, Compagnie Générale des Établissements Michelin, The Goodyear Tire & Rubber Company, Sumitomo Rubber Industries Ltd., Pirelli & C. S.p.A., The Yokohama Rubber Co. Ltd., Hankook Tire & Technology Co. Ltd., Kumho Tire Co. Inc., Toyo Tire Corporation, Trelleborg AB, Shandong Linglong Tire Co. Ltd., Titan International Inc., Nexen Tire Corporation, Nokian Tyres plc, CEAT Limited, Qingdao Doublestar Co. Ltd., Giti Tire Corporation, Sailun Group Co. Ltd., NIRA Dynamics AB, Transense Technologies plc

What Are the Emerging Trends in the Connected Tires Industry?
In the connected tires market, prominent businesses are centering their efforts on the development of groundbreaking technologies like smart TPMS sensors to augment vehicle safety, performance, and efficiency. Smart TPMS, or tire pressure monitoring system, sensors are within the cutting-edge realm, installed within tires to maintain real-time surveillance on tire pressure and temperature. These sensors play an essential role in vehicle safety and performance by offering uninterrupted updates on tire conditions to drivers and vehicle systems. For example, in September 2023, Infineon Technologies AG, a semiconductor producer from Germany, introduced an XENSIV SP49 tire pressure monitoring sensor. Offering superior precision in gauging tire pressure, the XENSIV SP49 enhances vehicle safety and performance through meticulous monitoring. It's engineered to endure severe weather conditions, assuring dependable performance for long durations. Incorporated smoothly within vehicle systems, it facilitates wireless connectivity for optimal data delivery to in-car systems or external devices, allowing instant monitoring and immediate notifications to drivers regarding any tire pressure discrepancies.

What Are the Main Segments in the Connected Tires Market?
The connected tires market covered in this report is segmented -

1) By Component: Tire Pressure Monitoring System, Accelerometer Sensors, Strain Gauge Sensors, Radio-Frequency Identification chips
2) By Rim Size: 12-17 Inches, 18-22 Inches, More than 22 Inches
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
4) By Application: Original Equipment Manufacturer (OEM), Aftermarket

Subsegments:
1) By Tire Pressure Monitoring System (Tpms): Direct Tpms, Indirect Tpms
2) By Accelerometer Sensors: Vibration Sensors, Vibration Monitoring Systems, Impact Detection Sensors
3) By Strain Gauge Sensors: Tire Load Monitoring Sensors, Deformation Measurement Sensors, Tread Wear Sensors
4) By Radio-Frequency Identification (Rfid) Chips: Passive Rfid Chips, Active Rfid Chips, Hybrid Rfid Chips

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Which Geographic Area Leads the Connected Tires Market?
Asia-Pacific was the largest region in the connected tires market in 2024. The regions covered in the connected tires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Connected Tires Global Market Report?

- Market Size Analysis: Analyze the Connected Tires Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Connected Tires Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Connected Tires Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Connected Tires Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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