Connected Tire Market by Vehicle Type (Passenger Cars, Commercial Vehicles), by Rim Size (12-17, 18-21, More than 22), by By Geography (North America), by Europe (U.K., Germany, France, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific) Forecast 2024-2032
The Connected Tire Marketsize was valued at USD 0.75 USD Billion in 2023 and is projected to reach USD 0.95 USD Billion by 2032, exhibiting a CAGR of 3.5 % during the forecast period. A connected tire on the other hand is a vehicular tire that is embedded with sensors and communication technology that facilitates the transfer of live information. Such tires can record factors like pressure and temperature as well as the tread depth and then relay it to a central system or even the owner’s smartphone. The following are some of the categories of connected tires; Tires with sensors and external monitoring devices. Some of them are Real-Time Alerts when there is a need to service the automobile, a safer way of managing tires, and recovering data for analyzing the performance of the automobile. Some of the uses of connected tires consist of; fleet management for corporate, consumer car, and performance racing with a focus on car handling. Concerning the benefits of their technology, they are; it can lower maintenance expenses, avoid mishaps, and enhance the efficiency of automobiles.
Connected Tire Trends
Vehicle Type:
Rim Size:
The report provides a detailed analysis of the global connected tire market, with insights into the following aspects:
The global connected tire market is primarily dominated by North America and Europe due to advanced automotive technology adoption, high disposable income, and a significant automotive industry presence. However, the Asia-Pacific region is expected to witness substantial growth in the coming years, driven by increasing vehicle production, rising demand for premium vehicles, and growing government initiatives to promote connected vehicle technologies.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.5% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 3.5% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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