Connected Tires Market Size to Expand Significantly by the End of 2030
The Connected Tires Market size is valued at US$ 3.84 Million and is forecasted to grow at a CAGR of 58.5% from 2024 to 2030, reaching nearly US$ 96.50 Million
Report includes market analysis, forecasts, industry segmentation and competitive analysis of top Connected Tires manufacturers. The Report also emphasises on sustainability, innovation and consumer preferences, offering global outlook with trends, drivers, challenges and opportunities. It will help industry stakeholders (manufacturers, distributors, retailers, investors) make informed decisions and capitalise on Connected Tires market opportunities.
Connected Tires Market Scope and Methodology:
Maximize Market Research is a business consultancy firm that has provided a comprehensive analysis of the "Connected Tires Market". The research covers essential business insights, demand analysis, pricing analysis, and the competitive landscape. The research thoroughly analyzes the current condition of the Connected Tires market and makes estimates for 2030.
This includes understanding the Connected Tires market's key trends, growth-promoting drivers, and possible prospects. Qualitative and quantitative data were collected, along with Data is collected using both primary and secondary research methodologies. Interviews and surveys are done with key market participants in the Connected Tires industry, such as vendors, manufacturers, suppliers, customers, and experts, to gather primary data. Their ideas are combined to create business knowledge about this market. Secondary data is obtained from various sources, such as trade journals, government publications, company websites, market evaluations, industry papers, annual reports, and databases.
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Connected Tires Market Regional Insights
The Regional Analysis section provides information on the current situation of the Connected Tires market in each of the research's participating nations. Understanding the complicated dynamics of the Connected Tires market necessitates a solid awareness of local views. The Connected Tires market is made up of various regions, including Africa, Latin America, the Middle East, Asia Pacific, Europe, and North America. This research completely analyzes each area's market size, growth rate, import and export volume, and other significant parameters.
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Connected Tires Market Segmentation
Based on Sales Channel, The Connected Tires Market is segmented into original equipment manufacturers (OEMs) and the aftermarket. OEMs hold a significant market share as tire manufacturers establish direct partnerships with automobile manufacturers to supply tires for new vehicles. As automotive manufacturers strive to deliver vehicles with superior performance and safety, they rely on OEMs to provide high-quality tires that meet their specifications. On the other hand, the aftermarket segment is also experiencing substantial growth.
by Offering
Hardware
Software
by Component
TPMS
Accelerometer sensors
Strain gauge sensors
RFID chips
Other sensors
Connected Tires Market Key Players
1. Bridgestone Corporation
2. Michelin
3. Continental AG
4. Pirelli & C. S.p.A
5. Goodyear Tire and Rubber Company
6. Sumitomo Rubber Industries, Ltd.
7. Hankook Tire & Technology Co., Ltd.
8. Yokohama Rubber Co., Ltd.
9. Giti Tire Corporation
10. Kumho Tire Co., Inc.
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About Maximize Market Research
In the manufacturing sectors of aerospace and defense, food and beverage, pharmaceuticals, electronics and communications, Internet of Things, healthcare, and 6,500 high-growth emerging opportunities and technologies, Maximize Market Research offers both B2B and B2C research and analysis.