A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global Connected Tires Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Global Connected Tires Market Definition:

Connected tires, also known as smart tires, are a significant technological advancement in the automotive industry that incorporates various sensors & wireless connectivity features and monitor parameters such as tire pressure, temperature, tread wear, & road conditions. These tires are designed to gather real-time data about their condition, performance, & surroundings and transmit it to the vehicle's onboard computer system or external devices.

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Global Connected Tires Market Insights:

The Global Connected Tires Market is projected to grow at a CAGR of around 64.3% during the forecast period, i.e., 2023-28.

Global Connected Tires Market Key Driver:

Ever-Increasing Emphasis on Vehicle Safety & Performance -  Connected tires offer various benefits that improve safety, enhance vehicle performance, and provide real-time monitoring of tire pressure, temperature, & tread wear, which allows drivers to receive alerts & warnings regarding potential tire-related issues. It, in turn, reduces the risk of accidents caused by underinflated or worn-out tires. They further help maintain optimal tire pressure, maximize fuel efficiency, & enhance overall vehicle performance. Hence, with the rising cases of road accidents worldwide, there's a growing emphasis on vehicle & passenger safety, which is driving the Global Connected Tires Market.

Global Connected Tires Market Leading Key Players:

Bridgestone Tires, Michelin Tires, Goodyear Tire and Rubber Company, Continental AG, Pirelli, Sumitomo Tires, Hankook Tires, Nokian Tyres, Yokohama Tires, Toyo Tires, Zhongce Rubber, Kumho Tire, Trelleborg AB, MRF Tyres, JK Tyres and Others

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Global Connected Tires Market Segmentation:

Based on Type of Vehicle

- Passenger Vehicles - Market Size & Forecast 2018-2028, (Thousand Units)

- Commercial Vehicles - Market Size & Forecast 2018-2028, (Thousand Units)

Based on Rim Size

- 12”-17”- Market Size & Forecast 2018-2028, (Thousand Units)

- 17.1”-22”- Market Size & Forecast 2018-2028, (Thousand Units)

- More than 22”- Market Size & Forecast 2018-2028, (Thousand Units)

Based on Demand Type

- OEMs - Market Size & Forecast 2018-2028, (Thousand Units)

- Aftermarket - Market Size & Forecast 2018-2028, (Thousand Units)

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Global Connected Tires Market Geographical Analysis

By Region

- North America

- South America

- Europe

- Middle East & Africa

- Asia-Pacific

Recent Development of Global Connected Tires Market:

On 25 April 2023, Bridgestone Americas introduced the new Greatec M847 wide-base radial tire for urban applications, i.e., engineered with enduring strength & longevity to provide fleets with uncompromising durability, improved fuel efficiency, and lower total cost of ownership. The Greatec M847 can be supported by IntelliTire, the company's Fleet Care tire-monitoring service that provides real-time data on tire pressure, temperature, & speed to detect and avoid tire issues before they happen.

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