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Global Connected Tires Market Research Report: Forecast (2023-2028)

By Type of Vehicle (Passenger Vehicles, Commercial Vehicles) By Rim Size (12”-17”, 17.1”-22”, More than 22”) By Demand Type (OEMs, Aftermarket) By Region (North America, South America, Europe, Asia-Pa... ... South America, Europe, Asia-Pacific, The Middle East and Africa), By Company (Bridgestone Tires, Michelin Tires, Goodyear Tire and Rubber Company, Continental AG, Pirelli, Sumitomo Tires, Hankook Tires, Nokian Tyres, Yokohama Tires, Toyo Tires, Zhongce Rubber, Kumho Tire, Trelleborg AB, MRF Tyres, JK Tyres and Others) Read more

Tire
Jun 2023
Pages 187
Report Format: PDF, Excel, PPT

Market Definition

Connected tires, also known as smart tires, are a significant technological advancement in the automotive industry that incorporates various sensors & wireless connectivity features and monitor parameters such as tire pressure, temperature, tread wear, & road conditions. These tires are designed to gather real-time data about their condition, performance, & surroundings and transmit it to the vehicle's onboard computer system or external devices.

Market Insights & Analysis: Global Connected Tires Market (2023-28)

The Global Connected Tires Market is projected to grow at a CAGR of around 64.3% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the mounting focus on vehicle safety, the burgeoning adoption of CASE (Connected, Autonomous, Shared & Services) mobility, increasing cases of road accidents, and the globally growing emphasis on fuel efficiency & environmental sustainability.

Besides, advancements in the IoT (Internet of Things) & connectivity technologies, the introduction of various regulations & safety standards by governments of various countries, and increasing collaborations between tire manufacturers, automotive OEMs, & technology providers are also projected to drive the market in the future. Rapid advancements in technologies have transformed the entire automobile industry. The growing use of MaaS (Mobility-as-a-Service) and CASE clearly indicates the increasing integration of advanced functionalities & features into new vehicles and, consequently, significantly improved functional & operational performance of vehicles & related parts.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	64.3%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled	Bridgestone Tires, Michelin Tires, Goodyear Tire and Rubber Company, Continental AG, Pirelli, Sumitomo Tires, Hankook Tires, Nokian Tyres, Yokohama Tires, Toyo Tires, Zhongce Rubber, Kumho Tire, Trelleborg AB, MRF Tyres, JK Tyres and Others
Unit Denominations	USD Million/Billion

Connected tires provide an innovative & connected car experience, along with enhanced convenience & performance. More & more consumers are showing increasing interest in vehicles equipped with advanced technologies, including connected tire solutions. The leading tire manufacturers are heavily investing in the R&D of connected mobility solutions and introducing new products with intelligent functions to cater to the varied consumer demands.

The emergence of IoT, 5G, & connectivity technologies has paved the way for the integration of connected tires. With the rising availability of robust communication networks, improved sensors, and data analytics capabilities, connected tire technologies are becoming increasingly feasible & cost-effective. Furthermore, the mounting penetration of shared mobility services & ride-sharing platforms, coupled with the ever-increasing sales of premium & luxury vehicles equipped with connected tire technologies, are other crucial aspects projected to spur growth in the Global Connected Tires Market over the coming years.

Global Connected Tires Market Research Report (2023-2028) - Table of Contents

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Connected Tires Market Regulations and Policy
Global Connected Tires Market Trends & Developments
Global Connected Tires Market Dynamics
1. Drivers
2. Challenges
Global Connected Tires Market Hotspot & Opportunities
Global Connected Tires Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Passenger Vehicles - Market Size & Forecast 2018-2028, (Thousand Units)
    2. Commercial Vehicles - Market Size & Forecast 2018-2028, (Thousand Units)
  2. By Rim Size
    1. 12”-17”- Market Size & Forecast 2018-2028, (Thousand Units)
    2. 17.1”-22”- Market Size & Forecast 2018-2028, (Thousand Units)
    3. More than 22”- Market Size & Forecast 2018-2028, (Thousand Units)
  3. By Demand Type
    1. OEMs - Market Size & Forecast 2018-2028, (Thousand Units)
    2. Aftermarket - Market Size & Forecast 2018-2028, (Thousand Units)
  4. By Region
    1. North America
    2. South America
    3. Europe
    4. Asia-Pacific
    5. The Middle East and Africa
  5. By Company
    1. Market Share
    2. Competition Characteristics
North America Connected Tires Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Units Sold (Thousands)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
  2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
  3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
  4. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
4. Canada Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
5. Mexico Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
South America Connected Tires Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Units Sold (Thousands)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
  2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
  3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
  4. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
4. Argentina Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
Europe Connected Tires Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Units Sold (Thousands)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
  2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
  3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
  4. By Country
    1. Germany
    2. The UK
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. Germany Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
4. The UK Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
5. France Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
6. Italy Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
7. Spain Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
Asia-Pacific Connected Tires Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Units Sold (Thousands)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
  2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
  3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
  4. By Country
    1. China
    2. Japan
    3. Australia
    4. India
    5. South Korea
    6. Rest of Asia Pacific
3. China Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
4. Japan Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
5. Australia Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
6. India Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
7. South Korea Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
The Middle East and Africa Connected Tires Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Units Sold (Thousands)
2. Market Share & Analysis
  1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
  2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
  3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
  4. By Country
    1. South Africa
    2. The UAE
    3. Saudi Arabia
    4. Rest of Middle East and Africa
3. South Africa Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
4. The UAE Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
5. Saudi Arabia Connected Tires Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
    2. By Units Sold (Thousands)
  2. Market Share & Analysis
    1. By Type of Vehicle- Market Size & Forecast 2018-2028, (Thousand Units)
    2. By Rim Size- Market Size & Forecast 2018-2028, (Thousand Units)
    3. By Demand Type- Market Size & Forecast 2018-2028, (Thousand Units)
Competitive Outlook
1. Company Profiles
  1. Bridgestone Tires
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Michelin Tires
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Goodyear Tire and Rubber Company
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Continental AG
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Pirelli
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Sumitomo Tires
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Hankook Tires
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Nokian Tyres
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Yokohama Tires
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Toyo Tires
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Zhongce Rubber
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Kumho Tire
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Telleborg AB
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. MRF Tyres
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. JK Tyres
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. Others
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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