Surging Autonomous Adoption Catalyzes Connected Tire Market Growth Driver: Leading Transformation in the Connected Tires Market in 2025

What market dynamics are playing a key role in accelerating the growth of the connected tires market?
The rise in the adoption of autonomous vehicles is expected to fuel the growth of the connected tires market. Autonomous vehicles, equipped with sensors, cameras, and AI, can operate without human intervention. This trend is driven by technological advancements, environmental concerns, and shifting consumer preferences. Connected tires are essential for autonomous vehicles, providing crucial data to enhance safety, performance, and user experience. According to the National Association of Insurance Commissioners, 3.5 million autonomous vehicles are expected to be on US highways by 2025, increasing to 4.5 million by 2030. As such, the growing adoption of autonomous vehicles will drive the connected tires market.

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How will the growth rate of the connected tires market shape industry trends by 2034?
The connected tires market has seen exponential growth in recent years. It will increase from $0.01 billion in 2024 to $0.01 billion in 2025, at a compound annual growth rate (CAGR) of 42.2%. The growth can be attributed to the emphasis on reducing carbon emissions, growing demand for fleet management solutions, stronger regulatory focus on vehicle safety, greater adoption of smart vehicle technologies, and a rise in connected vehicle usage.

The connected tires market is expected to grow exponentially, reaching $0.06 billion by 2029, with a CAGR of 41.8%. The growth is driven by demand for real-time tire performance monitoring, increased adoption of IoT and connected vehicle technologies, emphasis on vehicle safety and predictive maintenance, and the rise of electric and autonomous vehicles. Key trends include IoT integration, advanced sensor technologies, smart tire solutions, digital twin technology, and subscription-based services.

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What trends are poised to drive the future success of the connected tires market?
Leading companies in the connected tires market are working on innovative technologies, such as smart TPMS sensors, to improve vehicle safety, efficiency, and performance. Smart TPMS sensors monitor tire pressure and temperature in real-time. For example, in September 2023, Infineon Technologies AG, a German semiconductor company, launched the XENSIV SP49 tire pressure monitoring sensor. This sensor offers high accuracy, ensuring precise monitoring to enhance vehicle safety. It can withstand harsh conditions and integrates with vehicle electronics for wireless connectivity, enabling real-time monitoring and alerts.

Which primary segments of the connected tires market are driving growth and industry transformations?
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 geographical regions are pioneering growth in 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.

Who are the influential players reshaping the connected tires market landscape?
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

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What Is Covered In The Connected Tires Global Market Report?

•Market Size Forecast: Examine the connected tires market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the connected tires market for a structured understanding.
•Key Players Overview: Analyze major players in the connected tires market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the connected tires market.
•Segment Contributions: Evaluate how different segments drive overall growth in the connected tires market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the connected tires market.
•Industry Challenges: Identify potential risks and obstacles affecting the connected tires market.
•Competitive Landscape: Review strategic developments in the connected tires market, including expansions, agreements, and new product launches.

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