Report ID: SQMIG25B2019
Connected Tire Market Size, Share, Growth Analysis, By Offering(Hardware and Software), By Component(TPMS, Accelerometer sensors, Strain gauge sensors, RFID chips), By Propulsion(Electric, and ICE), By Rim Size(12-17 Inches, 18-22 Inches, and More than 22 Inches), By Vehicle type(Passenger Cars, and Commercial Vehicles), By Sales Channel(OEM, and Aftermarket), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25B2019 |
Region:
Global |
Published Date: August, 2024
Pages:
223
|
Tables:
88 |
Figures:
71
Connected Tire Market Insights
Connected Tire Market size was valued at USD 8.7 Billion in 2023 and is poised to grow from USD 12.62 Billion in 2024 to USD 246.51 Billion by 2032, growing at a CAGR of 45% during the forecast period (2025-2032).
The global connected tire market is experiencing notable growth as automakers and technology companies continue to innovate in the automotive industry. Connected tires, equipped with sensors and communication capabilities, are transforming the driving experience by providing real-time data on tire condition, performance, and safety. This technology offers drivers enhanced control over their vehicles, improved safety features, and more efficient maintenance practices.
Additionally, the increasing focus on sustainability and environmental concerns is driving the adoption of connected tires, as they contribute to better fuel efficiency and reduced carbon emissions. As consumer demand for smart and connected vehicles grows, the connected tire market is poised for further expansion in the coming years.
Connected Tire Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
