Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Connected Tires Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Connected Tires Market Growth?
The size of the connected tires market has seen significant growth recently. The market expanded from a size of $0.01 billion in 2024 to $0.01 billion in 2025, growing at a compound annual growth rate (CAGR) of 40.8%. The historical growth trend in the Connected Tires Global Market Report 2025 market has been one of rapid expansion.
What Is the Predicted Industry Size and CAGR of the Connected Tires Market in 2029?
The Connected Tires Global Market is projected to reach a market size of $0.05 billion in 2029 with a compound annual growth rate (CAGR) of 38.8%.
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Which Factors Are Driving Growth in the Connected Tires Market?
The key drivers in the connected tires market are:
• Increasing demand for real-time tire performance monitoring
• Rising adoption of IoT and connected vehicle technologies
• Growing focus on vehicle safety and predictive maintenance
• Increase in demand for fuel efficiency and sustainability in transportation
Which Segment Trends Are Covered in the Connected Tires Market Forecast?
The connected tires market covered in this report is segmented –
1) By Component: Tire Pressure Monitoring System, Accelerometer Sensors, Strain Gauge Sensors, Radio-Frequency Identification chips
2) By Rim Size: 12-17 Inches, 18-22 Inches, More than 22 Inches
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
4) By Application: Original Equipment Manufacturer (OEM), After market
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What Are the Current Market Trends in the Connected Tires Industry?
The key trends in the connected tires market are:
• The trend of integrating IoT ecosystems with connected tires is emerging.
• The use of advanced sensor technologies in connected tires is increasingly becoming popular.
• Smart tire technologies are rapidly gaining traction in the market.
• There is a rising trend in the adoption of digital twin technology and subscription-based tire services.
Who are the Key Companies in the Connected Tires Market?
Major players in the connected tires market are:
• MRF Limited
• ZF Friedrichshafen AG
• Continental AG
• Bridgestone Corporation
• Compagnie Générale des Établissements Michelin
• The Goodyear Tire & Rubber Company
• Sumitomo Rubber Industries Ltd.
• Pirelli & C. S.p.A.
• The Yokohama Rubber Co. Ltd.
• Hankook Tire & Technology Co. Ltd.
• Kumho Tire Co. Inc.
• Toyo Tire Corporation
• Trelleborg AB
• Shandong Linglong Tire Co. Ltd.
• Titan International Inc.
• Nexen Tire Corporation
• Nokian Tyres plc
• CEAT Limited
• Qingdao Doublestar Co. Ltd.
• Giti Tire Corporation
• Sailun Group Co. Ltd.
• NIRA Dynamics AB
• Transense Technologies plc
What are the Regional Trends Across the Connected Tires Market?
Asia-Pacific was the largest region in the connected tires market in 2024
