Global Connected Tires Market size was valued at USD 5.1 Million in 2024 and is expected to reach USD 234.39 Million by 2033, at a CAGR of 47.65% during the forecast period 2024 – 2033.

Connected Tires Market: Overview

The Connected Tires market’s growth is expected to be driven mainly by an increased emphasis on vehicle safety, the rising use of CASE (Connected, Autonomous, Shared, and Services) mobility, an increase in the number of road accidents, and a global emphasis on fuel efficiency and environmental sustainability.

Furthermore, developments in IoT (Internet of Things) and connectivity technologies, the implementation of many regulations and safety standards by governments around the world, and increased collaborations between tire manufacturers, automotive OEMs, and technology providers are expected to drive the connected tires market forward. Rapid technical advances have altered the vehicle business.

The increasing use of MaaS (Mobility-as-a-Service) and CASE suggests a greater integration of advanced functionality and features into modern cars, resulting in dramatically improved functional and operational performance of vehicles and related parts.

By Vehicle Type, The Global Connected Tires Market is dominated by passenger vehicles. This is because connected tire technologies, which provide advantages like real-time tire monitoring, increased safety, higher performance, and support for ADAS (Advanced Driver Assistance Systems), are becoming more and more integrated into passenger cars.

Real-time tire pressure, temperature, and tread wear monitoring are made possible by connected tires, which assurances optimal tire performance and lowers the possibility of incidents relating tires.

By Sales Channel, OEMs play a significant role in endorsing the use of connected tires technology. OEMs are increasingly imitating strategic collaborations with tire manufacturers and technology suppliers to incorporate connected tires solutions into their new models.

OEMs provide real-time tire monitoring, data collecting, and networking by including IoT-powered sensors, communication modules, and software systems into the vehicle’s architecture.

North America and Europe have met huge developments in the Connected Tires Market. Both regions lead in the adoption of progressive automotive technologies, promoting a mature automotive industry, vigorous technological infrastructure, and high consumer awareness of the advantages of connected vehicles and smart tire technologies.

Report Scope

Feature of the ReportDetails
Market Size in 2024USD 5.1 Million
Projected Market Size in 2033USD 234.39 Million
Market Size in 2023USD 4.76 Million
CAGR Growth Rate47.65% CAGR
Base Year2023
Forecast Period2024-2033
Key SegmentBy Rim Size, Vehicle Type, Sales Channel and Region
Report CoverageRevenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional ScopeNorth America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying OptionsRequest tailored purchasing options to fulfil your requirements for research.

CMI has comprehensively analyzed the Global Connected Tires market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Connected Tires industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

Global Connected Tires Market 2024–2033 (By Million)

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List of the prominent players in the Connected Tires Market:

  • Continental AG (Germany)
  • Michelin (France)
  • Bridgestone Corporation (Japan)
  • The Goodyear Tire & Rubber Company (US)
  • Pirelli & C. S.p.A. (Italy)
  • Nokian Tyres plc (Finland)
  • Sumitomo Rubber Industries Ltd. (Japan)
  • Hankook Tire & Technology Co. Ltd. (South Korea)
  • Yokohama Rubber Co. Ltd. (Japan)
  • Toyo Tire Corporation (Japan)
  • Cooper Tire & Rubber Company (US)
  • Kumho Tire Co. Inc. (South Korea)
  • Giti Tire (Singapore)
  • Apollo Tyres Ltd. (India)
  • MRF Ltd. (India)
  • Maxxis International (Taiwan)
  • Falken Tire Corporation (Japan)
  • CEAT Limited (India)
  • ZC Rubber (Zhongce Rubber Group Co. Ltd.) (China)
  • BFGoodrich (US)
  • Others

The Connected Tires Market is segmented as follows:

By Rim size

  • 12 – 17 Inches
  • 18 – 22 Inches
  • More Than 22 Inches

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicle

By Sales Channel

  • Aftermarket
  • OEM

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America