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Global Connected Tires Outlook 2025, Forecast To 2034

25 Mar, 2025

What are the Historical Developments and Current Growth Metrics of the Connected Tires Market?

The connected tires market has seen considerable growth due to a variety of factors.
• The connected tires market has grown exponentially in recent years. It is projected to grow from $0.01 billion in 2024 to $0.01 billion in 2025, at a compound annual growth rate (CAGR) of 42.2%.
The historic growth is linked to the focus on reducing carbon emissions, rising demand for fleet management solutions, greater regulatory focus on vehicle safety, wider adoption of smart vehicle technologies, and the increasing popularity of connected vehicles.

What Does Future Hold for The Connected Tires Market By 2029?

The connected tires market is expected to maintain its strong growth trajectory in upcoming years.
• The connected tires market is projected to grow to $0.06 billion by 2029, at a CAGR of 41.8%.
Growth drivers include the demand for real-time tire performance monitoring, the adoption of IoT and connected vehicle technologies, the focus on vehicle safety and predictive maintenance, the need for fuel efficiency and sustainability, and the rise of electric and autonomous vehicles. Trends include IoT integration, advanced sensors, smart tire technologies, digital twin technology, and subscription-based tire services.

What Are The Primary Growth Drivers In The Connected Tires Market?

The rising adoption of autonomous vehicles is expected to support the growth of the connected tires market. Autonomous vehicles, which rely on advanced sensors and artificial intelligence, are becoming more popular due to technological advancements and environmental concerns. Connected tires provide critical data on vehicle performance, safety, and efficiency. According to the National Association of Insurance Commissioners, the number of autonomous vehicles on US roads is expected to reach 3.5 million by 2025, fueling demand for connected tires.

What Is The Segmentation Of The Global Connected Tires Market?

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), Aftermarket Subsegments:
1) By Tire Pressure Monitoring System (Tpms): Direct Tpms, Indirect Tpms
2) By Accelerometer Sensors: Vibration Sensors, Vibration Monitoring Systems, Impact Detection Sensors
3) By Strain Gauge Sensors: Tire Load Monitoring Sensors, Deformation Measurement Sensors, Tread Wear Sensors
4) By Radio-Frequency Identification (Rfid) Chips: Passive Rfid Chips, Active Rfid Chips, Hybrid Rfid Chips

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What Trends Are Reshaping The Future Of The Connected Tires Market?

In the connected tires market, companies are creating innovative technologies such as smart TPMS sensors for improving vehicle safety and performance. In September 2023, Infineon Technologies launched the XENSIV SP49 tire pressure monitoring sensor, offering high-precision monitoring of tire pressure, ensuring safety and performance while supporting wireless data transmission.

Who Are the Key Players In The Connected Tires Market?

Major companies operating 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 Insights Into The Connected Tires Market?

Asia-Pacific was the largest region in the connected tires market in 2024. The regions covered in the connected tires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.