Connected Tires Market by Vehicle Type, Component, Rim Size (12-17 Inches, 18-22 Inches, More than 22 Inches), Sales Channel (OEM, Aftermarket), Propulsion (Electric, ICE), Offering (Hardware, Software) and Region - Global Forecast to 2028
The global connected tires market size is projected to grow from USD 4 million in 2023 to USD 54 million by 2028, at a CAGR of 67.1%. Increasing demand for safety and the growing vehicle connectivity trend are poised to impact the connected tire market profoundly. The convergence of these factors is expected to drive significant changes in the industry. Growing emphasis on safety will fuel the demand for connected tires equipped with real-time monitoring capabilities, including tire pressure, temperature, and tread wear. This information would be seamlessly transmitted to the vehicle's onboard systems, empowering drivers with timely alerts and enabling proactive measures to prevent accidents. Such factors will lead to an increase in demand for connected tyres in the coming years. Further, the rise of connected and autonomous vehicles (CAVs) will increase the demand of connected mobility ecosystems. Connected tires play a vital role within these ecosystems by offering valuable data that various stakeholders, including fleet operators, ride-sharing platforms, and smart city infrastructure, can harness.
“The 12-17 Inches segment will lead the market during forecast period”
The market for the 12–17 inches segment is expected to be driven by the increasing demand for advanced safety features in vehicles, including tire monitoring systems. The growth of electric vehicles is also expected to fuel demand for connected tires, as they require more precise and efficient monitoring systems. The trend of connected cars is a significant driver of growth, creating a need for real-time vehicle data analysis and monitoring. Connected tire systems, such as the Goodyear TPMS and Continental's ContiConnect, offer real-time monitoring of tire pressure, temperature, and other parameters, improving safety and performance. The rise of shared mobility services and ride-sharing platforms is expected to drive demand for advanced tire management solutions.
“EV segment to witness a faster growth during the forecast period”
The electric propulsion subsegment of the connected tires market is expected to witness significant growth in the coming years due to the increasing adoption of electric vehicles. Electric vehicles tend to have heavier batteries and generate more torque, which can strain the tires more. As a result, tire pressure and temperature monitoring are critical for ensuring optimal performance and safety. Several tire manufacturers have developed connected tire solutions specifically for electric vehicles. For example, Michelin's Connected Road concept uses sensors embedded in the road surface to provide real-time information to drivers about road conditions, traffic, and weather, enabling them to make better decisions and reduce energy consumption. As more consumers shift toward sustainable modes of transportation, demand for advanced tire monitoring and maintenance solutions that can improve vehicle performance, safety, and efficiency is expected to rise. The trend of smart cities and connected infrastructure is also expected to fuel demand for advanced tire monitoring systems in the electric vehicle segment.
“North America will lead the connected tyre market in the short future”
The growing demand for safety and the increasing willingness of consumers to adopt new technologies is expected to drive the growth of the connected tires market in North America. The market is expected to witness significant growth in the coming years due to the increasing adoption of advanced tire technologies and the increasing demand for real-time tire monitoring solutions. The growth of the market is expected to be driven by the increasing adoption of luxury vehicles, which require specialized tires optimized for their unique needs. Overall, the connected tires market in North America is poised for significant growth in the coming years, driven by technological advancements, government mandates, and increasing consumer demand for safety and convenience.
Consumers are becoming increasingly willing to adopt new technologies in their vehicles to improve safety. This trend is reflected in the growing popularity of connected tires, which allow for real-time monitoring of tire performance and safety through sensors embedded in the tire. Michelin is one of the companies leading the way in this space with its Michelin Connected Technologies platform, which provides real-time data and analysis of tire performance to drivers and fleet managers. Moreover, recent developments in the connected tires market in the US include the introduction of new technologies, such as RFID chips, which offer improved accuracy and security compared to traditional TPMS. Bridgestone, Goodyear, Michelin, and Pirelli are some of the leading players in the connected tires market in US, investing heavily in research and development to offer innovative solutions for the changing needs of customers.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
Research Coverage:
This research report categorizes Connected tyre market by Vehicle Type (Passenger Cars, Commercial Vehicles), Component (TPMS, Accelerometer, Strain Gauge Sensor, RFID Chips, Other Sensors), Rim Size (12-17 Inches, 18-22 Inches, More than 22 Inches), Sales Channel (OEM, Aftermarket), Propulsion (ICE, Electric), Offering (Hardware, Software) and Region (Asia Pacific, Europe, North America and Rest of the World).
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Connected tyre market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the Connected tyre market. Competitive analysis of upcoming startups in the Connected tyre market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Connected tyre market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
“The 12-17 Inches segment will lead the market during forecast period”
The market for the 12–17 inches segment is expected to be driven by the increasing demand for advanced safety features in vehicles, including tire monitoring systems. The growth of electric vehicles is also expected to fuel demand for connected tires, as they require more precise and efficient monitoring systems. The trend of connected cars is a significant driver of growth, creating a need for real-time vehicle data analysis and monitoring. Connected tire systems, such as the Goodyear TPMS and Continental's ContiConnect, offer real-time monitoring of tire pressure, temperature, and other parameters, improving safety and performance. The rise of shared mobility services and ride-sharing platforms is expected to drive demand for advanced tire management solutions.
“EV segment to witness a faster growth during the forecast period”
The electric propulsion subsegment of the connected tires market is expected to witness significant growth in the coming years due to the increasing adoption of electric vehicles. Electric vehicles tend to have heavier batteries and generate more torque, which can strain the tires more. As a result, tire pressure and temperature monitoring are critical for ensuring optimal performance and safety. Several tire manufacturers have developed connected tire solutions specifically for electric vehicles. For example, Michelin's Connected Road concept uses sensors embedded in the road surface to provide real-time information to drivers about road conditions, traffic, and weather, enabling them to make better decisions and reduce energy consumption. As more consumers shift toward sustainable modes of transportation, demand for advanced tire monitoring and maintenance solutions that can improve vehicle performance, safety, and efficiency is expected to rise. The trend of smart cities and connected infrastructure is also expected to fuel demand for advanced tire monitoring systems in the electric vehicle segment.
“North America will lead the connected tyre market in the short future”
The growing demand for safety and the increasing willingness of consumers to adopt new technologies is expected to drive the growth of the connected tires market in North America. The market is expected to witness significant growth in the coming years due to the increasing adoption of advanced tire technologies and the increasing demand for real-time tire monitoring solutions. The growth of the market is expected to be driven by the increasing adoption of luxury vehicles, which require specialized tires optimized for their unique needs. Overall, the connected tires market in North America is poised for significant growth in the coming years, driven by technological advancements, government mandates, and increasing consumer demand for safety and convenience.
Consumers are becoming increasingly willing to adopt new technologies in their vehicles to improve safety. This trend is reflected in the growing popularity of connected tires, which allow for real-time monitoring of tire performance and safety through sensors embedded in the tire. Michelin is one of the companies leading the way in this space with its Michelin Connected Technologies platform, which provides real-time data and analysis of tire performance to drivers and fleet managers. Moreover, recent developments in the connected tires market in the US include the introduction of new technologies, such as RFID chips, which offer improved accuracy and security compared to traditional TPMS. Bridgestone, Goodyear, Michelin, and Pirelli are some of the leading players in the connected tires market in US, investing heavily in research and development to offer innovative solutions for the changing needs of customers.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: Tier I - 67%, Others - 9%, and OEMs - 24%
- By Designation: C Level Executives - 33%, Directors - 52%, and Others - 15%
- By Region: North America - 28%, Europe - 38%, Asia Pacific - 32%, Rest of the World - 2%
Research Coverage:
This research report categorizes Connected tyre market by Vehicle Type (Passenger Cars, Commercial Vehicles), Component (TPMS, Accelerometer, Strain Gauge Sensor, RFID Chips, Other Sensors), Rim Size (12-17 Inches, 18-22 Inches, More than 22 Inches), Sales Channel (OEM, Aftermarket), Propulsion (ICE, Electric), Offering (Hardware, Software) and Region (Asia Pacific, Europe, North America and Rest of the World).
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Connected tyre market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the Connected tyre market. Competitive analysis of upcoming startups in the Connected tyre market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Connected tyre market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Increased demand for vehicle safety, Technological advancements Regulations for TPMS and safety monitoring), restraints (High cost of connected tire technology, Data privacy and cybersecurity, concerns), opportunities (Increased acceptance of connected mobility, Increased efficiency, Increased investment for autonomous vehicles), and challenges (Lack of standardization, Limited acceptance by consumers) influencing the growth of the Connected tyre market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Connected tyre market
- Market Development: Comprehensive information about lucrative markets – the report analyses the Connected tyre market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Connected tyre market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Bridgestone (Japan), Michelin (France), Goodyear (US), Continental (Germany), and Pirelli (Italy) among others in the Connected tyre market
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
TABLE 1 CONNECTED TIRES MARKET DEFINITION, BY SALES CHANNEL
TABLE 2 CONNECTED TIRES MARKET DEFINITION, BY VEHICLE TYPE
TABLE 3 CONNECTED TIRES MARKET DEFINITION, BY RIM SIZE
TABLE 4 CONNECTED TIRES MARKET DEFINITION, BY COMPONENT
TABLE 5 CONNECTED TIRES MARKET DEFINITION BY PROPULSION TYPE
TABLE 6 CONNECTED TIRES MARKET DEFINITION, BY OFFERING
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 7 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 MARKETS COVERED
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 8 CURRENCY EXCHANGE RATES
1.5 STAKEHOLDERS
1.6 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 CONNECTED TIRES MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources for connected tires market
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews – demand and supply sides
2.1.2.2 Key industry insights and breakdown of primary interviews
FIGURE 4 KEY INDUSTRY INSIGHTS
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.3 List of primary participants
2.2 MARKET SIZE ESTIMATION
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 7 CONNECTED TIRES MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 8 TOP-DOWN APPROACH: CONNECTED TIRES MARKET
FIGURE 9 CONNECTED TIRES: MARKET ESTIMATION NOTES
2.3 RECESSION IMPACT ANALYSIS
FIGURE 10 CONNECTED TIRES MARKET: RESEARCH DESIGN AND METHODOLOGY – DEMAND SIDE
2.4 DATA TRIANGULATION
FIGURE 11 DATA TRIANGULATION METHODOLOGY
2.5 FACTOR ANALYSIS
FIGURE 12 FACTOR ANALYSIS: CONNECTED TIRES MARKET
2.5.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 13 CONNECTED TIRES MARKET: MARKET OVERVIEW
FIGURE 14 CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
FIGURE 15 HARDWARE SEGMENT ESTIMATED TO LEAD CONNECTED TIRES MARKET IN 2023
FIGURE 16 KEY PLAYERS IN CONNECTED TIRES MARKET
FIGURE 17 PASSENGER CARS SEGMENT TO HAVE HIGHEST MARKET SHARE IN CONNECTED TIRES MARKET IN 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN CONNECTED TIRES MARKET
FIGURE 18 INCREASING DEMAND FOR SMART AND CONNECTED VEHICLES TO BOOST MARKET
4.2 CONNECTED TIRES MARKET, BY PROPULSION
FIGURE 19 ELECTRIC SEGMENT EXPECTED TO HAVE FASTEST CAGR DURING FORECAST PERIOD
4.3 CONNECTED TIRES MARKET, BY VEHICLE TYPE
FIGURE 20 PASSENGER CARS TO LEAD MARKET DURING FORECAST PERIOD
4.4 CONNECTED TIRES MARKET, BY RIM SIZE
FIGURE 21 12–17 INCHES RIM SIZE TO HAVE HIGHEST GROWTH DURING FORECAST PERIOD
4.5 CONNECTED TIRES MARKET, BY OFFERING
FIGURE 22 SOFTWARE SEGMENT TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
4.6 CONNECTED TIRES MARKET, BY COMPONENT
FIGURE 23 TPMS AND RFID CHIPS TO REGISTER FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
4.7 CONNECTED TIRES MARKET, BY REGION
FIGURE 24 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 25 CONNECTED TIRES MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
FIGURE 26 DRIVING FACTORS OF CONNECTED TIRES MARKET
5.2.2 RESTRAINTS
FIGURE 27 RESTRAINING FACTORS OF CONNECTED TIRES MARKET
5.2.3 OPPORTUNITIES
FIGURE 28 OPPORTUNITIES IN CONNECTED TIRES MARKET
5.2.4 CHALLENGES
FIGURE 29 CHALLENGING FACTORS OF CONNECTED TIRES MARKET
TABLE 9 CONNECTED TIRES MARKET: IMPACT OF MARKET DYNAMICS
5.3 CONNECTED TIRES MARKET ECOSYSTEM
FIGURE 30 CONNECTED TIRES MARKET: ECOSYSTEM ANALYSIS
5.3.1 TIRE MANUFACTURERS
5.3.2 TECHNOLOGY PROVIDERS
5.3.3 IOT PLATFORM PROVIDERS
5.3.4 AUTOMOTIVE OEMS
5.3.5 CONNECTIVITY PROVIDERS
TABLE 10 CONNECTED TIRES MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.4 SUPPLY CHAIN ANALYSIS
FIGURE 31 SUPPLY CHAIN ANALYSIS OF CONNECTED TIRES MARKET
5.5 PRICING ANALYSIS
TABLE 11 CONNECTED TIRES COST SUMMARY
TABLE 12 CONNECTED TIRES COST, BY VEHICLE TYPE
5.6 PATENT ANALYSIS
FIGURE 32 NUMBER OF PUBLISHED PATENTS (2012–2022)
5.6.1 LEGAL STATUS OF PATENTS
FIGURE 33 LEGAL STATUS OF PATENTS FILED FOR CONNECTED TIRES
TABLE 13 IMPORTANT PATENT REGISTRATIONS RELATED TO CONNECTED TIRES MARKET
5.7 CASE STUDIES
5.7.1 CASE STUDY 1: SMART TIRES IOT PRODUCT DEVELOPMENT
5.7.2 CASE STUDY 2: BUILDING BETTER TIRES WITH AI
5.7.3 CASE STUDY 3: TIREMATICS CLOUD SYSTEM
5.7.4 CASE STUDY 4: CONTINENTAL AND HEWLETT PACKARD ENTERPRISE (HPE)
5.7.5 CASE STUDY 5: PIRELLI AND ERICSSON
5.8 TECHNOLOGY ANALYSIS
5.8.1 5G CONNECTIVITY
5.8.2 IOT INTEGRATION
FIGURE 34 MICROSOFT TIRE MONITORING SYSTEM
5.8.3 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
FIGURE 35 AUTOMATED TIRE INFORMATION GATHERING SYSTEM FOR BUSES AND TRUCKS
5.8.4 AUGMENTED REALITY
FIGURE 36 FALKEN TIRES AUGMENTED REALITY
5.9 TRADE ANALYSIS
5.9.1 IMPORT DATA
TABLE 14 US: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 15 MEXICO: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 16 CHINA: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 17 JAPAN: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 18 INDIA: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 19 GERMANY: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 20 FRANCE: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 21 SPAIN: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
5.9.2 EXPORT DATA
TABLE 22 US: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 23 CHINA: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 24 JAPAN: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 25 INDIA: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 26 GERMANY: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 27 FRANCE: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 28 SPAIN: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
5.10 REGULATORY FRAMEWORK
5.10.1 NORTH AMERICA
5.10.2 EUROPE
5.10.3 ASIA PACIFIC
5.10.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY REGION
TABLE 29 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 30 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 31 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11 TRENDS AND DISRUPTIONS
FIGURE 37 CONNECTED TIRES MARKET: TRENDS AND DISRUPTIONS
5.12 SOLUTION COMPARISON BY LEADING PLAYERS
5.13 MACROECONOMIC INDICATORS
5.13.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
TABLE 32 GDP TRENDS AND FORECAST BY MAJOR ECONOMIES, 2019–2026 (USD BILLION)
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 PASSENGER CARS
5.14.2 COMMERCIAL VEHICLES
5.14.3 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 38 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP APPLICATIONS
TABLE 33 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP APPLICATIONS (%)
5.14.4 BUYING CRITERIA
FIGURE 39 KEY BUYING CRITERIA FOR TOP APPLICATIONS
TABLE 34 KEY BUYING CRITERIA FOR TOP APPLICATIONS
5.14.5 ROI ANALYSIS
TABLE 35 ASSUMPTIONS: YEAR 1
TABLE 36 POTENTIAL BENEFITS: YEAR 1
TABLE 37 ROI CALCULATION: YEAR 1
5.15 KEY CONFERENCES AND EVENTS IN 2023 AND 2024
TABLE 38 CONNECTED TIRES MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.16 CONNECTED TIRES MARKET SCENARIO (2023–2028)
FIGURE 40 CONNECTED TIRES MARKET – FUTURE TRENDS AND SCENARIOS, 2023–2028 (USD MILLION)
5.16.1 MOST LIKELY SCENARIO
TABLE 39 MOST LIKELY SCENARIO, BY REGION, 2023–2028 (USD MILLION)
5.16.2 OPTIMISTIC SCENARIO
TABLE 40 OPTIMISTIC SCENARIO, BY REGION, 2023–2028 (USD MILLION)
5.16.3 PESSIMISTIC SCENARIO
TABLE 41 PESSIMISTIC SCENARIO, BY REGION, 2023–2028 (USD MILLION)
6 CONNECTED TIRES MARKET, BY RIM SIZE
6.1 INTRODUCTION
TABLE 42 CONNECTED TIRES MARKET, BY RIM SIZE, 2019–2022 (THOUSAND UNITS)
TABLE 43 CONNECTED TIRES MARKET BY RIM SIZE, 2023–2028 (THOUSAND UNITS)
FIGURE 41 MORE THAN 22 INCHES SEGMENT TO DOMINATE RIM SIZE MARKET DURING FORECAST PERIOD
6.2 12–17 INCHES
6.2.1 INCORPORATION OF NEW TECHNOLOGIES FOR BETTER PRODUCTIVITY
TABLE 44 12–17 INCHES: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 45 12–17 INCHES: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
6.3 18–22 INCHES
6.3.1 ENABLES BETTER PERFORMANCE AND HANDLING AT HIGHER SPEEDS FOR SUVS, SPORTS CARS, AND OTHERS
TABLE 46 18–22 INCHES: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 47 18–22 INCHES: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
6.4 MORE THAN 22 INCHES
6.4.1 INCREASED USAGE IN COMMERCIAL AND HEAVY-DUTY VEHICLES
TABLE 48 MORE THAN 22 INCHES: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 49 MORE THAN 22 INCHES: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
6.5 KEY PRIMARY INSIGHTS
7 CONNECTED TIRES MARKET, BY PROPULSION
7.1 INTRODUCTION
TABLE 50 CONNECTED TIRES MARKET, BY PROPULSION TYPE, 2019–2022 (THOUSAND UNITS)
TABLE 51 CONNECTED TIRES MARKET, BY PROPULSION TYPE, 2023–2028 (THOUSAND UNITS)
FIGURE 42 ELECTRIC SEGMENT TO BE DOMINANT DURING FORECAST PERIOD (2023–2028)
7.2 ELECTRIC
7.2.1 SUSTAINABLE AND ECO-FRIENDLY SOLUTION
TABLE 52 ELECTRIC: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 53 ELECTRIC: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
7.3 ICE
7.3.1 DEVELOPMENT OF NEW CONNECTED TIRE TECHNOLOGIES TO ENHANCE FUEL EFFICIENCY
TABLE 54 ICE: CONNECTED TIRES MARKET BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 55 ICE: CONNECTED TIRES MARKET BY REGION, 2023–2028 (THOUSAND UNITS)
7.4 KEY PRIMARY INSIGHTS
8 CONNECTED TIRES MARKET, BY SALES CHANNEL
8.1 INTRODUCTION
8.2 OEM
8.3 AFTERMARKET
9 CONNECTED TIRES MARKET, BY VEHICLE TYPE
9.1 INTRODUCTION
FIGURE 43 CONNECTED TIRES MARKET, BY VEHICLE TYPE, 2023?2028
TABLE 56 CONNECTED TIRES MARKET, BY VEHICLE TYPE, 2019–2022 (THOUSAND UNITS)
TABLE 57 CONNECTED TIRES MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)
9.2 PASSENGER CARS
9.2.1 INTEGRATION OF AI AND ML FOR BETTER RESULTS
TABLE 58 PASSENGER CARS: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 59 PASSENGER CARS: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
9.3 COMMERCIAL VEHICLES
9.3.1 NEED FOR ENHANCED SAFETY AND EFFICIENCY
TABLE 60 COMMERCIAL VEHICLES: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 61 COMMERCIAL VEHICLES: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
9.4 KEY INDUSTRY INSIGHTS
10 CONNECTED TIRES MARKET, BY OFFERING
10.1 INTRODUCTION
TABLE 62 CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 63 CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
FIGURE 44 SOFTWARE PROJECTED TO REGISTER HIGHER RATE DURING FORECAST PERIOD
10.2 SOFTWARE
10.2.1 INVESTMENTS IN CLOUD-BASED PLATFORMS FOR REAL-TIME DATA ANALYSIS AND TIRE MONITORING
TABLE 64 SOFTWARE BY COMPANY NAMES
TABLE 65 SOFTWARE CONNECTED TIRES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 66 SOFTWARE CONNECTED TIRES MARKET, BY REGION, 2023–2028 (USD MILLION)
10.3 HARDWARE
10.3.1 R&D INVESTMENTS IN NEXT-GENERATION CONNECTED TIRES
TABLE 67 HARDWARE CONNECTED TIRES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 68 HARDWARE CONNECTED TIRES MARKET, BY REGION, 2023–2028 (USD MILLION)
10.4 KEY PRIMARY INSIGHTS
11 CONNECTED TIRES MARKET, BY COMPONENT
11.1 INTRODUCTION
TABLE 69 CONNECTED TIRES MARKET, BY COMPONENT, 2019–2022 (THOUSAND UNITS)
TABLE 70 CONNECTED TIRES MARKET, BY COMPONENT, 2023–2028 (THOUSAND UNITS)
FIGURE 45 TPMS AND RFID CHIPS PROJECTED TO HAVE HIGH GROWTH RATE DURING FORECAST PERIOD (2023–2028)
11.2 ACCELEROMETER SENSORS
11.2.1 MEASURES TIRE PERFORMANCE METRICS
TABLE 71 ACCELEROMETER SENSORS: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 72 ACCELEROMETER SENSORS: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
11.3 STRAIN GAUGE SENSORS
11.3.1 MORE RELIABLE AND COST-EFFECTIVE
TABLE 73 STRAIN GAUGE SENSORS: CONNECTED TIRES MARKET BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 74 STRAIN GAUGE SENSORS: CONNECTED TIRES MARKET BY REGION, 2023–2028 (THOUSAND UNITS)
11.4 RFID CHIPS
11.4.1 ALLOWS QUICK AND EASY IDENTIFICATION AND TRACKING OF TIRES
TABLE 75 RFID CHIPS: CONNECTED TIRES MARKET BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 76 RFID CHIPS: CONNECTED TIRES MARKET BY REGION, 2023–2028 (THOUSAND UNITS)
11.5 TPMS
11.5.1 MANDATED BY GOVERNMENTS WORLDWIDE TO IMPROVE ROAD SAFETY
TABLE 77 TPMS: CONNECTED TIRES MARKET BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 78 TPMS: CONNECTED TIRES MARKET BY REGION, 2023–2028 (THOUSAND UNITS)
11.6 OTHER SENSORS
11.7 KEY PRIMARY INSIGHTS
12 CONNECTED TIRES MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 46 CONNECTED TIRES MARKET, BY REGION (2023–2028)
TABLE 79 CONNECTED TIRES MARKET, BY REGION, 2019–2022(USD MILLION)
TABLE 80 CONNECTED TIRES MARKET, BY REGION, 2023–2028 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 47 NORTH AMERICA: CONNECTED TIRES MARKET SNAPSHOT
TABLE 81 NORTH AMERICA: CONNECTED TIRES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 82 NORTH AMERICA: CONNECTED TIRES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
12.2.1 CANADA
12.2.1.1 Increased demand for technologies to optimize performance and efficiency of electric vehicles
TABLE 83 CANADA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.2.2 US
12.2.2.1 Strong government support and presence of leading providers
TABLE 84 US: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 85 US: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.2.3 MEXICO
12.2.3.1 Implementation of several initiatives by government to promote connected technologies
TABLE 86 MEXICO: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.3 ASIA PACIFIC
FIGURE 48 ASIA PACIFIC: CONNECTED TIRES MARKET SNAPSHOT
TABLE 87 ASIA PACIFIC: CONNECTED TIRES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 88 ASIA PACIFIC: CONNECTED TIRES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
12.3.1 CHINA
12.3.1.1 Government initiatives to promote technological advancements
TABLE 89 CHINA: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 90 CHINA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.3.2 INDIA
12.3.2.1 Increased investment by government in connected mobility market
TABLE 91 INDIA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.3.3 JAPAN
12.3.3.1 High R&D investments
TABLE 92 JAPAN: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 93 JAPAN: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.3.4 SOUTH KOREA
12.3.4.1 Partnerships to develop next-generation tires for premium electric vehicles
TABLE 94 SOUTH KOREA: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 95 SOUTH KOREA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.3.5 THAILAND
12.3.5.1 Low awareness among consumers of connected tires
TABLE 96 THAILAND: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028(USD MILLION)
12.3.6 REST OF ASIA PACIFIC
TABLE 97 REST OF ASIA PACIFIC: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4 EUROPE
FIGURE 49 CONNECTED TIRES IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 98 EUROPE: CONNECTED TIRES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 99 EUROPE: CONNECTED TIRES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
12.4.1 FRANCE
12.4.1.1 Investment by manufacturers to develop new and innovative connected tire technologies
TABLE 100 FRANCE: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 101 FRANCE: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.2 GERMANY
12.4.2.1 Ideal market for adoption of connected tires
TABLE 102 GERMANY: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 103 GERMANY: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.3 RUSSIA
12.4.3.1 Automotive demand set to recover
TABLE 104 RUSSIA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.4 ITALY
12.4.4.1 Need for efficient and safe transportation
TABLE 105 ITALY: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 106 ITALY: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.5 UK
12.4.5.1 Higher growth in fleet management sector
TABLE 107 UK: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 108 UK: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.6 TURKEY
12.4.6.1 Market to grow at slow rate
TABLE 109 TURKEY: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.7 SPAIN
12.4.7.1 Presence of major automotive manufacturers
TABLE 110 SPAIN: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 111 SPAIN: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.8 REST OF EUROPE
TABLE 112 REST OF EUROPE: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.5 REST OF THE WORLD
FIGURE 50 REST OF THE WORLD: CONNECTED TIRES MARKET SNAPSHOT
TABLE 113 REST OF THE WORLD: CONNECTED TIRES MARKET, BY COUNTRY, 2023–2028(USD MILLION)
12.5.1 BRAZIL
TABLE 114 BRAZIL: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028(USD MILLION)
12.5.2 SOUTH AFRICA
TABLE 115 SOUTH AFRICA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.5.3 OTHER COUNTRIES
TABLE 116 OTHER COUNTRIES: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 MARKET RANKING ANALYSIS FOR CONNECTED TIRES MARKET
FIGURE 51 MARKET RANKING ANALYSIS, 2022
13.3 REVENUE ANALYSIS OF TOP LISTED PLAYERS
FIGURE 52 REVENUE ANALYSIS, 2017–2021
13.4 COMPETITIVE SCENARIO
13.4.1 DEALS
TABLE 117 DEALS, 2020–2023
13.4.2 NEW PRODUCT LAUNCHES
TABLE 118 PRODUCT LAUNCHES, 2020–2023
13.4.3 OTHERS, 2020–2023
TABLE 119 OTHERS, 2020–2023
13.5 COMPANY EVALUATION QUADRANT FOR CONNECTED TIRES MARKET
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
FIGURE 53 CONNECTED TIRES MARKET: COMPANY EVALUATION QUADRANT, 2022
TABLE 120 CONNECTED TIRES MARKET: COMPANY FOOTPRINT, 2022
TABLE 121 CONNECTED TIRES MARKET: VEHICLE TYPE FOOTPRINT, 2022
TABLE 122 CONNECTED TIRES MARKET: REGIONAL FOOTPRINT, 2022
13.6 STARTUP/SME EVALUATION QUADRANT
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
FIGURE 54 CONNECTED TIRES MARKET: SME EVALUATION QUADRANT, 2022
13.7 COMPETITIVE BENCHMARKING
TABLE 123 CONNECTED TIRES MARKET: DETAILED LIST OF KEY STARTUPS
TABLE 124 CONNECTED TIRES MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS]
14 COMPANY PROFILES
14.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
14.1.1 GOODYEAR
TABLE 125 GOODYEAR: BUSINESS OVERVIEW
FIGURE 55 GOODYEAR: COMPANY SNAPSHOT
FIGURE 56 GOODYEAR REMOTE TIRE MONITORING
TABLE 126 GOODYEAR: PRODUCTS OFFERED
TABLE 127 GOODYEAR: PRODUCT LAUNCHES
14.1.2 MICHELIN
TABLE 128 MICHELIN: BUSINESS OVERVIEW
FIGURE 57 MICHELIN: COMPANY SNAPSHOT
FIGURE 58 MICHELIN CONNECTED TECHNOLOGIES
TABLE 129 MICHELIN: PRODUCTS OFFERED
TABLE 130 MICHELIN: PRODUCT LAUNCHES
TABLE 131 MICHELIN: DEALS
14.1.3 PIRELLI
TABLE 132 PIRELLI: BUSINESS OVERVIEW
FIGURE 59 PIRELLI: COMPANY SNAPSHOT
FIGURE 60 PIRELLI MOBILITY OF FUTURE
TABLE 133 PIRELLI: PRODUCTS OFFERED
TABLE 134 PIRELLI: PRODUCT LAUNCHES
TABLE 135 PIRELLI: DEALS
TABLE 136 PIRELLI: OTHERS
14.1.4 BRIDGESTONE
TABLE 137 BRIDGESTONE: BUSINESS OVERVIEW
FIGURE 61 BRIDGESTONE: COMPANY SNAPSHOT
FIGURE 62 BRIDGESTONE ACQUIRES TOMTOM TELEMATICS
TABLE 138 BRIDGESTONE: PRODUCTS OFFERED
TABLE 139 BRIDGESTONE: PRODUCT LAUNCHES
TABLE 140 BRIDGESTONE: DEALS
TABLE 141 BRIDGESTONE: OTHERS
14.1.5 CONTINENTAL AG
TABLE 142 CONTINENTAL AG: BUSINESS OVERVIEW
FIGURE 63 CONTINENTAL AG: COMPANY SNAPSHOT
FIGURE 64 CONTINENTAL AG DIGITAL TIRE MONITORING
TABLE 143 CONTINENTAL AG: PRODUCTS OFFERED
TABLE 144 CONTINENTAL AG: PRODUCT LAUNCHES
TABLE 145 CONTINENTAL AG: DEALS
14.1.6 NOKIAN TYRES
TABLE 146 NOKIAN TYRES: BUSINESS OVERVIEW
FIGURE 65 NOKIAN TYRES: COMPANY SNAPSHOT
TABLE 147 NOKIAN TYRES: PRODUCTS OFFERED
TABLE 148 NOKIAN TYRES: PRODUCT LAUNCHES
14.1.7 YOKOHAMA RUBBER CO.
TABLE 149 YOKOHAMA RUBBER CO.: BUSINESS OVERVIEW
FIGURE 66 YOKOHAMA RUBBER CO.: COMPANY SNAPSHOT
TABLE 150 YOKOHAMA RUBBER CO.: PRODUCTS OFFERED
TABLE 151 YOKOHAMA RUBBER CO.: DEALS
14.1.8 SUMITOMO RUBBER INDUSTRIES LTD.
TABLE 152 SUMITOMO RUBBER INDUSTRIES LTD.: BUSINESS OVERVIEW
FIGURE 67 SUMITOMO RUBBER INDUSTRIES LTD.: COMPANY SNAPSHOT
TABLE 153 SUMITOMO RUBBER INDUSTRIES LTD.: PRODUCTS OFFERED
TABLE 154 SUMITOMO RUBBER INDUSTRIES LTD.: PRODUCT LAUNCHES
14.1.9 TOYO TIRES
TABLE 155 TOYO TIRES: BUSINESS OVERVIEW
FIGURE 68 TOYO TIRES: COMPANY SNAPSHOT
TABLE 156 TOYO TIRES: PRODUCTS OFFERED
TABLE 157 TOYO TIRES: DEALS
14.1.10 JK TYRE
TABLE 158 JK TYRE: BUSINESS OVERVIEW
FIGURE 69 JK TYRE: COMPANY SNAPSHOT
TABLE 159 JK TYRE: PRODUCTS OFFERED
TABLE 160 JK TYRE: PRODUCT LAUNCHES
14.1.11 MRF
TABLE 161 MRF: BUSINESS OVERVIEW
FIGURE 70 MRF: COMPANY SNAPSHOT
TABLE 162 MRF: PRODUCTS OFFERED
14.1.12 HANKOOK TIRES
TABLE 163 HANKOOK TIRES: BUSINESS OVERVIEW
FIGURE 71 HANKOOK TIRES: COMPANY SNAPSHOT
TABLE 164 HANKOOK TIRES: PRODUCTS OFFERED
TABLE 165 HANKOOK TIRES: DEALS
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS
14.2.1 KUMHO
TABLE 166 KUMHO TIRE: BUSINESS OVERVIEW
14.2.2 BF GOODRICH
TABLE 167 BF GOODRICH: BUSINESS OVERVIEW
14.2.3 MAXXIS
TABLE 168 MAXXIS: BUSINESS OVERVIEW
14.2.4 FALKEN
TABLE 169 FALKEN: BUSINESS OVERVIEW
14.2.5 GENERAL TIRE
TABLE 170 GENERAL TIRE: BUSINESS OVERVIEW
14.2.6 UNIROYAL
TABLE 171 UNIROYAL: BUSINESS OVERVIEW
14.2.7 COOPER TIRE & RUBBER COMPANY
TABLE 172 COOPER TIRE & RUBBER COMPANY: BUSINESS OVERVIEW
14.2.8 FIRESTONE TIRE AND RUBBER COMPANY
TABLE 173 FIRESTONE TIRE AND RUBBER COMPANY: BUSINESS OVERVIEW
14.2.9 NITTO TIRE
TABLE 174 NITTO TIRE: BUSINESS OVERVIEW
14.2.10 SMART TIRE COMPANY
TABLE 175 SMART TIRE COMPANY: BUSINESS OVERVIEW
14.2.11 SAILUN TIRES
TABLE 176 SAILUN TIRES: BUSINESS OVERVIEW
15 RECOMMENDATIONS BY MARKETSANDMARKETS
15.1 ASIA PACIFIC TO OFFER MOST LUCRATIVE OPPORTUNITIES IN CONNECTED TIRES MARKET
15.2 TECHNOLOGICAL ADVANCEMENTS TO BE CRUCIAL FOR MARKET GROWTH
15.3 SOFTWARE SOLUTIONS TO BE INTEGRAL PART OF CONNECTED TIRES AND ADVANCED IOT-ENABLED APPLICATIONS
15.4 CONCLUSION
16 APPENDIX
16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
TABLE 1 CONNECTED TIRES MARKET DEFINITION, BY SALES CHANNEL
TABLE 2 CONNECTED TIRES MARKET DEFINITION, BY VEHICLE TYPE
TABLE 3 CONNECTED TIRES MARKET DEFINITION, BY RIM SIZE
TABLE 4 CONNECTED TIRES MARKET DEFINITION, BY COMPONENT
TABLE 5 CONNECTED TIRES MARKET DEFINITION BY PROPULSION TYPE
TABLE 6 CONNECTED TIRES MARKET DEFINITION, BY OFFERING
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 7 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 MARKETS COVERED
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 8 CURRENCY EXCHANGE RATES
1.5 STAKEHOLDERS
1.6 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 CONNECTED TIRES MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources for connected tires market
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews – demand and supply sides
2.1.2.2 Key industry insights and breakdown of primary interviews
FIGURE 4 KEY INDUSTRY INSIGHTS
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.3 List of primary participants
2.2 MARKET SIZE ESTIMATION
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 7 CONNECTED TIRES MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 8 TOP-DOWN APPROACH: CONNECTED TIRES MARKET
FIGURE 9 CONNECTED TIRES: MARKET ESTIMATION NOTES
2.3 RECESSION IMPACT ANALYSIS
FIGURE 10 CONNECTED TIRES MARKET: RESEARCH DESIGN AND METHODOLOGY – DEMAND SIDE
2.4 DATA TRIANGULATION
FIGURE 11 DATA TRIANGULATION METHODOLOGY
2.5 FACTOR ANALYSIS
FIGURE 12 FACTOR ANALYSIS: CONNECTED TIRES MARKET
2.5.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 13 CONNECTED TIRES MARKET: MARKET OVERVIEW
FIGURE 14 CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
FIGURE 15 HARDWARE SEGMENT ESTIMATED TO LEAD CONNECTED TIRES MARKET IN 2023
FIGURE 16 KEY PLAYERS IN CONNECTED TIRES MARKET
FIGURE 17 PASSENGER CARS SEGMENT TO HAVE HIGHEST MARKET SHARE IN CONNECTED TIRES MARKET IN 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN CONNECTED TIRES MARKET
FIGURE 18 INCREASING DEMAND FOR SMART AND CONNECTED VEHICLES TO BOOST MARKET
4.2 CONNECTED TIRES MARKET, BY PROPULSION
FIGURE 19 ELECTRIC SEGMENT EXPECTED TO HAVE FASTEST CAGR DURING FORECAST PERIOD
4.3 CONNECTED TIRES MARKET, BY VEHICLE TYPE
FIGURE 20 PASSENGER CARS TO LEAD MARKET DURING FORECAST PERIOD
4.4 CONNECTED TIRES MARKET, BY RIM SIZE
FIGURE 21 12–17 INCHES RIM SIZE TO HAVE HIGHEST GROWTH DURING FORECAST PERIOD
4.5 CONNECTED TIRES MARKET, BY OFFERING
FIGURE 22 SOFTWARE SEGMENT TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
4.6 CONNECTED TIRES MARKET, BY COMPONENT
FIGURE 23 TPMS AND RFID CHIPS TO REGISTER FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
4.7 CONNECTED TIRES MARKET, BY REGION
FIGURE 24 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 25 CONNECTED TIRES MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
FIGURE 26 DRIVING FACTORS OF CONNECTED TIRES MARKET
5.2.2 RESTRAINTS
FIGURE 27 RESTRAINING FACTORS OF CONNECTED TIRES MARKET
5.2.3 OPPORTUNITIES
FIGURE 28 OPPORTUNITIES IN CONNECTED TIRES MARKET
5.2.4 CHALLENGES
FIGURE 29 CHALLENGING FACTORS OF CONNECTED TIRES MARKET
TABLE 9 CONNECTED TIRES MARKET: IMPACT OF MARKET DYNAMICS
5.3 CONNECTED TIRES MARKET ECOSYSTEM
FIGURE 30 CONNECTED TIRES MARKET: ECOSYSTEM ANALYSIS
5.3.1 TIRE MANUFACTURERS
5.3.2 TECHNOLOGY PROVIDERS
5.3.3 IOT PLATFORM PROVIDERS
5.3.4 AUTOMOTIVE OEMS
5.3.5 CONNECTIVITY PROVIDERS
TABLE 10 CONNECTED TIRES MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.4 SUPPLY CHAIN ANALYSIS
FIGURE 31 SUPPLY CHAIN ANALYSIS OF CONNECTED TIRES MARKET
5.5 PRICING ANALYSIS
TABLE 11 CONNECTED TIRES COST SUMMARY
TABLE 12 CONNECTED TIRES COST, BY VEHICLE TYPE
5.6 PATENT ANALYSIS
FIGURE 32 NUMBER OF PUBLISHED PATENTS (2012–2022)
5.6.1 LEGAL STATUS OF PATENTS
FIGURE 33 LEGAL STATUS OF PATENTS FILED FOR CONNECTED TIRES
TABLE 13 IMPORTANT PATENT REGISTRATIONS RELATED TO CONNECTED TIRES MARKET
5.7 CASE STUDIES
5.7.1 CASE STUDY 1: SMART TIRES IOT PRODUCT DEVELOPMENT
5.7.2 CASE STUDY 2: BUILDING BETTER TIRES WITH AI
5.7.3 CASE STUDY 3: TIREMATICS CLOUD SYSTEM
5.7.4 CASE STUDY 4: CONTINENTAL AND HEWLETT PACKARD ENTERPRISE (HPE)
5.7.5 CASE STUDY 5: PIRELLI AND ERICSSON
5.8 TECHNOLOGY ANALYSIS
5.8.1 5G CONNECTIVITY
5.8.2 IOT INTEGRATION
FIGURE 34 MICROSOFT TIRE MONITORING SYSTEM
5.8.3 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
FIGURE 35 AUTOMATED TIRE INFORMATION GATHERING SYSTEM FOR BUSES AND TRUCKS
5.8.4 AUGMENTED REALITY
FIGURE 36 FALKEN TIRES AUGMENTED REALITY
5.9 TRADE ANALYSIS
5.9.1 IMPORT DATA
TABLE 14 US: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 15 MEXICO: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 16 CHINA: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 17 JAPAN: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 18 INDIA: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 19 GERMANY: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 20 FRANCE: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 21 SPAIN: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %)
5.9.2 EXPORT DATA
TABLE 22 US: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 23 CHINA: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 24 JAPAN: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 25 INDIA: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 26 GERMANY: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 27 FRANCE: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
TABLE 28 SPAIN: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %)
5.10 REGULATORY FRAMEWORK
5.10.1 NORTH AMERICA
5.10.2 EUROPE
5.10.3 ASIA PACIFIC
5.10.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY REGION
TABLE 29 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 30 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 31 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.11 TRENDS AND DISRUPTIONS
FIGURE 37 CONNECTED TIRES MARKET: TRENDS AND DISRUPTIONS
5.12 SOLUTION COMPARISON BY LEADING PLAYERS
5.13 MACROECONOMIC INDICATORS
5.13.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
TABLE 32 GDP TRENDS AND FORECAST BY MAJOR ECONOMIES, 2019–2026 (USD BILLION)
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 PASSENGER CARS
5.14.2 COMMERCIAL VEHICLES
5.14.3 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 38 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP APPLICATIONS
TABLE 33 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP APPLICATIONS (%)
5.14.4 BUYING CRITERIA
FIGURE 39 KEY BUYING CRITERIA FOR TOP APPLICATIONS
TABLE 34 KEY BUYING CRITERIA FOR TOP APPLICATIONS
5.14.5 ROI ANALYSIS
TABLE 35 ASSUMPTIONS: YEAR 1
TABLE 36 POTENTIAL BENEFITS: YEAR 1
TABLE 37 ROI CALCULATION: YEAR 1
5.15 KEY CONFERENCES AND EVENTS IN 2023 AND 2024
TABLE 38 CONNECTED TIRES MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.16 CONNECTED TIRES MARKET SCENARIO (2023–2028)
FIGURE 40 CONNECTED TIRES MARKET – FUTURE TRENDS AND SCENARIOS, 2023–2028 (USD MILLION)
5.16.1 MOST LIKELY SCENARIO
TABLE 39 MOST LIKELY SCENARIO, BY REGION, 2023–2028 (USD MILLION)
5.16.2 OPTIMISTIC SCENARIO
TABLE 40 OPTIMISTIC SCENARIO, BY REGION, 2023–2028 (USD MILLION)
5.16.3 PESSIMISTIC SCENARIO
TABLE 41 PESSIMISTIC SCENARIO, BY REGION, 2023–2028 (USD MILLION)
6 CONNECTED TIRES MARKET, BY RIM SIZE
6.1 INTRODUCTION
TABLE 42 CONNECTED TIRES MARKET, BY RIM SIZE, 2019–2022 (THOUSAND UNITS)
TABLE 43 CONNECTED TIRES MARKET BY RIM SIZE, 2023–2028 (THOUSAND UNITS)
FIGURE 41 MORE THAN 22 INCHES SEGMENT TO DOMINATE RIM SIZE MARKET DURING FORECAST PERIOD
6.2 12–17 INCHES
6.2.1 INCORPORATION OF NEW TECHNOLOGIES FOR BETTER PRODUCTIVITY
TABLE 44 12–17 INCHES: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 45 12–17 INCHES: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
6.3 18–22 INCHES
6.3.1 ENABLES BETTER PERFORMANCE AND HANDLING AT HIGHER SPEEDS FOR SUVS, SPORTS CARS, AND OTHERS
TABLE 46 18–22 INCHES: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 47 18–22 INCHES: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
6.4 MORE THAN 22 INCHES
6.4.1 INCREASED USAGE IN COMMERCIAL AND HEAVY-DUTY VEHICLES
TABLE 48 MORE THAN 22 INCHES: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 49 MORE THAN 22 INCHES: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
6.5 KEY PRIMARY INSIGHTS
7 CONNECTED TIRES MARKET, BY PROPULSION
7.1 INTRODUCTION
TABLE 50 CONNECTED TIRES MARKET, BY PROPULSION TYPE, 2019–2022 (THOUSAND UNITS)
TABLE 51 CONNECTED TIRES MARKET, BY PROPULSION TYPE, 2023–2028 (THOUSAND UNITS)
FIGURE 42 ELECTRIC SEGMENT TO BE DOMINANT DURING FORECAST PERIOD (2023–2028)
7.2 ELECTRIC
7.2.1 SUSTAINABLE AND ECO-FRIENDLY SOLUTION
TABLE 52 ELECTRIC: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 53 ELECTRIC: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
7.3 ICE
7.3.1 DEVELOPMENT OF NEW CONNECTED TIRE TECHNOLOGIES TO ENHANCE FUEL EFFICIENCY
TABLE 54 ICE: CONNECTED TIRES MARKET BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 55 ICE: CONNECTED TIRES MARKET BY REGION, 2023–2028 (THOUSAND UNITS)
7.4 KEY PRIMARY INSIGHTS
8 CONNECTED TIRES MARKET, BY SALES CHANNEL
8.1 INTRODUCTION
8.2 OEM
8.3 AFTERMARKET
9 CONNECTED TIRES MARKET, BY VEHICLE TYPE
9.1 INTRODUCTION
FIGURE 43 CONNECTED TIRES MARKET, BY VEHICLE TYPE, 2023?2028
TABLE 56 CONNECTED TIRES MARKET, BY VEHICLE TYPE, 2019–2022 (THOUSAND UNITS)
TABLE 57 CONNECTED TIRES MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)
9.2 PASSENGER CARS
9.2.1 INTEGRATION OF AI AND ML FOR BETTER RESULTS
TABLE 58 PASSENGER CARS: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 59 PASSENGER CARS: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
9.3 COMMERCIAL VEHICLES
9.3.1 NEED FOR ENHANCED SAFETY AND EFFICIENCY
TABLE 60 COMMERCIAL VEHICLES: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 61 COMMERCIAL VEHICLES: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
9.4 KEY INDUSTRY INSIGHTS
10 CONNECTED TIRES MARKET, BY OFFERING
10.1 INTRODUCTION
TABLE 62 CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 63 CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
FIGURE 44 SOFTWARE PROJECTED TO REGISTER HIGHER RATE DURING FORECAST PERIOD
10.2 SOFTWARE
10.2.1 INVESTMENTS IN CLOUD-BASED PLATFORMS FOR REAL-TIME DATA ANALYSIS AND TIRE MONITORING
TABLE 64 SOFTWARE BY COMPANY NAMES
TABLE 65 SOFTWARE CONNECTED TIRES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 66 SOFTWARE CONNECTED TIRES MARKET, BY REGION, 2023–2028 (USD MILLION)
10.3 HARDWARE
10.3.1 R&D INVESTMENTS IN NEXT-GENERATION CONNECTED TIRES
TABLE 67 HARDWARE CONNECTED TIRES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 68 HARDWARE CONNECTED TIRES MARKET, BY REGION, 2023–2028 (USD MILLION)
10.4 KEY PRIMARY INSIGHTS
11 CONNECTED TIRES MARKET, BY COMPONENT
11.1 INTRODUCTION
TABLE 69 CONNECTED TIRES MARKET, BY COMPONENT, 2019–2022 (THOUSAND UNITS)
TABLE 70 CONNECTED TIRES MARKET, BY COMPONENT, 2023–2028 (THOUSAND UNITS)
FIGURE 45 TPMS AND RFID CHIPS PROJECTED TO HAVE HIGH GROWTH RATE DURING FORECAST PERIOD (2023–2028)
11.2 ACCELEROMETER SENSORS
11.2.1 MEASURES TIRE PERFORMANCE METRICS
TABLE 71 ACCELEROMETER SENSORS: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 72 ACCELEROMETER SENSORS: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
11.3 STRAIN GAUGE SENSORS
11.3.1 MORE RELIABLE AND COST-EFFECTIVE
TABLE 73 STRAIN GAUGE SENSORS: CONNECTED TIRES MARKET BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 74 STRAIN GAUGE SENSORS: CONNECTED TIRES MARKET BY REGION, 2023–2028 (THOUSAND UNITS)
11.4 RFID CHIPS
11.4.1 ALLOWS QUICK AND EASY IDENTIFICATION AND TRACKING OF TIRES
TABLE 75 RFID CHIPS: CONNECTED TIRES MARKET BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 76 RFID CHIPS: CONNECTED TIRES MARKET BY REGION, 2023–2028 (THOUSAND UNITS)
11.5 TPMS
11.5.1 MANDATED BY GOVERNMENTS WORLDWIDE TO IMPROVE ROAD SAFETY
TABLE 77 TPMS: CONNECTED TIRES MARKET BY REGION, 2019–2022 (THOUSAND UNITS)
TABLE 78 TPMS: CONNECTED TIRES MARKET BY REGION, 2023–2028 (THOUSAND UNITS)
11.6 OTHER SENSORS
11.7 KEY PRIMARY INSIGHTS
12 CONNECTED TIRES MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 46 CONNECTED TIRES MARKET, BY REGION (2023–2028)
TABLE 79 CONNECTED TIRES MARKET, BY REGION, 2019–2022(USD MILLION)
TABLE 80 CONNECTED TIRES MARKET, BY REGION, 2023–2028 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 47 NORTH AMERICA: CONNECTED TIRES MARKET SNAPSHOT
TABLE 81 NORTH AMERICA: CONNECTED TIRES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 82 NORTH AMERICA: CONNECTED TIRES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
12.2.1 CANADA
12.2.1.1 Increased demand for technologies to optimize performance and efficiency of electric vehicles
TABLE 83 CANADA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.2.2 US
12.2.2.1 Strong government support and presence of leading providers
TABLE 84 US: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 85 US: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.2.3 MEXICO
12.2.3.1 Implementation of several initiatives by government to promote connected technologies
TABLE 86 MEXICO: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.3 ASIA PACIFIC
FIGURE 48 ASIA PACIFIC: CONNECTED TIRES MARKET SNAPSHOT
TABLE 87 ASIA PACIFIC: CONNECTED TIRES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 88 ASIA PACIFIC: CONNECTED TIRES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
12.3.1 CHINA
12.3.1.1 Government initiatives to promote technological advancements
TABLE 89 CHINA: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 90 CHINA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.3.2 INDIA
12.3.2.1 Increased investment by government in connected mobility market
TABLE 91 INDIA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.3.3 JAPAN
12.3.3.1 High R&D investments
TABLE 92 JAPAN: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 93 JAPAN: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.3.4 SOUTH KOREA
12.3.4.1 Partnerships to develop next-generation tires for premium electric vehicles
TABLE 94 SOUTH KOREA: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 95 SOUTH KOREA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.3.5 THAILAND
12.3.5.1 Low awareness among consumers of connected tires
TABLE 96 THAILAND: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028(USD MILLION)
12.3.6 REST OF ASIA PACIFIC
TABLE 97 REST OF ASIA PACIFIC: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4 EUROPE
FIGURE 49 CONNECTED TIRES IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 98 EUROPE: CONNECTED TIRES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 99 EUROPE: CONNECTED TIRES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
12.4.1 FRANCE
12.4.1.1 Investment by manufacturers to develop new and innovative connected tire technologies
TABLE 100 FRANCE: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 101 FRANCE: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.2 GERMANY
12.4.2.1 Ideal market for adoption of connected tires
TABLE 102 GERMANY: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 103 GERMANY: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.3 RUSSIA
12.4.3.1 Automotive demand set to recover
TABLE 104 RUSSIA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.4 ITALY
12.4.4.1 Need for efficient and safe transportation
TABLE 105 ITALY: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 106 ITALY: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.5 UK
12.4.5.1 Higher growth in fleet management sector
TABLE 107 UK: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 108 UK: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.6 TURKEY
12.4.6.1 Market to grow at slow rate
TABLE 109 TURKEY: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.7 SPAIN
12.4.7.1 Presence of major automotive manufacturers
TABLE 110 SPAIN: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 111 SPAIN: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.4.8 REST OF EUROPE
TABLE 112 REST OF EUROPE: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.5 REST OF THE WORLD
FIGURE 50 REST OF THE WORLD: CONNECTED TIRES MARKET SNAPSHOT
TABLE 113 REST OF THE WORLD: CONNECTED TIRES MARKET, BY COUNTRY, 2023–2028(USD MILLION)
12.5.1 BRAZIL
TABLE 114 BRAZIL: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028(USD MILLION)
12.5.2 SOUTH AFRICA
TABLE 115 SOUTH AFRICA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
12.5.3 OTHER COUNTRIES
TABLE 116 OTHER COUNTRIES: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION)
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 MARKET RANKING ANALYSIS FOR CONNECTED TIRES MARKET
FIGURE 51 MARKET RANKING ANALYSIS, 2022
13.3 REVENUE ANALYSIS OF TOP LISTED PLAYERS
FIGURE 52 REVENUE ANALYSIS, 2017–2021
13.4 COMPETITIVE SCENARIO
13.4.1 DEALS
TABLE 117 DEALS, 2020–2023
13.4.2 NEW PRODUCT LAUNCHES
TABLE 118 PRODUCT LAUNCHES, 2020–2023
13.4.3 OTHERS, 2020–2023
TABLE 119 OTHERS, 2020–2023
13.5 COMPANY EVALUATION QUADRANT FOR CONNECTED TIRES MARKET
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
FIGURE 53 CONNECTED TIRES MARKET: COMPANY EVALUATION QUADRANT, 2022
TABLE 120 CONNECTED TIRES MARKET: COMPANY FOOTPRINT, 2022
TABLE 121 CONNECTED TIRES MARKET: VEHICLE TYPE FOOTPRINT, 2022
TABLE 122 CONNECTED TIRES MARKET: REGIONAL FOOTPRINT, 2022
13.6 STARTUP/SME EVALUATION QUADRANT
13.6.1 PROGRESSIVE COMPANIES
13.6.2 RESPONSIVE COMPANIES
13.6.3 DYNAMIC COMPANIES
13.6.4 STARTING BLOCKS
FIGURE 54 CONNECTED TIRES MARKET: SME EVALUATION QUADRANT, 2022
13.7 COMPETITIVE BENCHMARKING
TABLE 123 CONNECTED TIRES MARKET: DETAILED LIST OF KEY STARTUPS
TABLE 124 CONNECTED TIRES MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS]
14 COMPANY PROFILES
14.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
14.1.1 GOODYEAR
TABLE 125 GOODYEAR: BUSINESS OVERVIEW
FIGURE 55 GOODYEAR: COMPANY SNAPSHOT
FIGURE 56 GOODYEAR REMOTE TIRE MONITORING
TABLE 126 GOODYEAR: PRODUCTS OFFERED
TABLE 127 GOODYEAR: PRODUCT LAUNCHES
14.1.2 MICHELIN
TABLE 128 MICHELIN: BUSINESS OVERVIEW
FIGURE 57 MICHELIN: COMPANY SNAPSHOT
FIGURE 58 MICHELIN CONNECTED TECHNOLOGIES
TABLE 129 MICHELIN: PRODUCTS OFFERED
TABLE 130 MICHELIN: PRODUCT LAUNCHES
TABLE 131 MICHELIN: DEALS
14.1.3 PIRELLI
TABLE 132 PIRELLI: BUSINESS OVERVIEW
FIGURE 59 PIRELLI: COMPANY SNAPSHOT
FIGURE 60 PIRELLI MOBILITY OF FUTURE
TABLE 133 PIRELLI: PRODUCTS OFFERED
TABLE 134 PIRELLI: PRODUCT LAUNCHES
TABLE 135 PIRELLI: DEALS
TABLE 136 PIRELLI: OTHERS
14.1.4 BRIDGESTONE
TABLE 137 BRIDGESTONE: BUSINESS OVERVIEW
FIGURE 61 BRIDGESTONE: COMPANY SNAPSHOT
FIGURE 62 BRIDGESTONE ACQUIRES TOMTOM TELEMATICS
TABLE 138 BRIDGESTONE: PRODUCTS OFFERED
TABLE 139 BRIDGESTONE: PRODUCT LAUNCHES
TABLE 140 BRIDGESTONE: DEALS
TABLE 141 BRIDGESTONE: OTHERS
14.1.5 CONTINENTAL AG
TABLE 142 CONTINENTAL AG: BUSINESS OVERVIEW
FIGURE 63 CONTINENTAL AG: COMPANY SNAPSHOT
FIGURE 64 CONTINENTAL AG DIGITAL TIRE MONITORING
TABLE 143 CONTINENTAL AG: PRODUCTS OFFERED
TABLE 144 CONTINENTAL AG: PRODUCT LAUNCHES
TABLE 145 CONTINENTAL AG: DEALS
14.1.6 NOKIAN TYRES
TABLE 146 NOKIAN TYRES: BUSINESS OVERVIEW
FIGURE 65 NOKIAN TYRES: COMPANY SNAPSHOT
TABLE 147 NOKIAN TYRES: PRODUCTS OFFERED
TABLE 148 NOKIAN TYRES: PRODUCT LAUNCHES
14.1.7 YOKOHAMA RUBBER CO.
TABLE 149 YOKOHAMA RUBBER CO.: BUSINESS OVERVIEW
FIGURE 66 YOKOHAMA RUBBER CO.: COMPANY SNAPSHOT
TABLE 150 YOKOHAMA RUBBER CO.: PRODUCTS OFFERED
TABLE 151 YOKOHAMA RUBBER CO.: DEALS
14.1.8 SUMITOMO RUBBER INDUSTRIES LTD.
TABLE 152 SUMITOMO RUBBER INDUSTRIES LTD.: BUSINESS OVERVIEW
FIGURE 67 SUMITOMO RUBBER INDUSTRIES LTD.: COMPANY SNAPSHOT
TABLE 153 SUMITOMO RUBBER INDUSTRIES LTD.: PRODUCTS OFFERED
TABLE 154 SUMITOMO RUBBER INDUSTRIES LTD.: PRODUCT LAUNCHES
14.1.9 TOYO TIRES
TABLE 155 TOYO TIRES: BUSINESS OVERVIEW
FIGURE 68 TOYO TIRES: COMPANY SNAPSHOT
TABLE 156 TOYO TIRES: PRODUCTS OFFERED
TABLE 157 TOYO TIRES: DEALS
14.1.10 JK TYRE
TABLE 158 JK TYRE: BUSINESS OVERVIEW
FIGURE 69 JK TYRE: COMPANY SNAPSHOT
TABLE 159 JK TYRE: PRODUCTS OFFERED
TABLE 160 JK TYRE: PRODUCT LAUNCHES
14.1.11 MRF
TABLE 161 MRF: BUSINESS OVERVIEW
FIGURE 70 MRF: COMPANY SNAPSHOT
TABLE 162 MRF: PRODUCTS OFFERED
14.1.12 HANKOOK TIRES
TABLE 163 HANKOOK TIRES: BUSINESS OVERVIEW
FIGURE 71 HANKOOK TIRES: COMPANY SNAPSHOT
TABLE 164 HANKOOK TIRES: PRODUCTS OFFERED
TABLE 165 HANKOOK TIRES: DEALS
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS
14.2.1 KUMHO
TABLE 166 KUMHO TIRE: BUSINESS OVERVIEW
14.2.2 BF GOODRICH
TABLE 167 BF GOODRICH: BUSINESS OVERVIEW
14.2.3 MAXXIS
TABLE 168 MAXXIS: BUSINESS OVERVIEW
14.2.4 FALKEN
TABLE 169 FALKEN: BUSINESS OVERVIEW
14.2.5 GENERAL TIRE
TABLE 170 GENERAL TIRE: BUSINESS OVERVIEW
14.2.6 UNIROYAL
TABLE 171 UNIROYAL: BUSINESS OVERVIEW
14.2.7 COOPER TIRE & RUBBER COMPANY
TABLE 172 COOPER TIRE & RUBBER COMPANY: BUSINESS OVERVIEW
14.2.8 FIRESTONE TIRE AND RUBBER COMPANY
TABLE 173 FIRESTONE TIRE AND RUBBER COMPANY: BUSINESS OVERVIEW
14.2.9 NITTO TIRE
TABLE 174 NITTO TIRE: BUSINESS OVERVIEW
14.2.10 SMART TIRE COMPANY
TABLE 175 SMART TIRE COMPANY: BUSINESS OVERVIEW
14.2.11 SAILUN TIRES
TABLE 176 SAILUN TIRES: BUSINESS OVERVIEW
15 RECOMMENDATIONS BY MARKETSANDMARKETS
15.1 ASIA PACIFIC TO OFFER MOST LUCRATIVE OPPORTUNITIES IN CONNECTED TIRES MARKET
15.2 TECHNOLOGICAL ADVANCEMENTS TO BE CRUCIAL FOR MARKET GROWTH
15.3 SOFTWARE SOLUTIONS TO BE INTEGRAL PART OF CONNECTED TIRES AND ADVANCED IOT-ENABLED APPLICATIONS
15.4 CONCLUSION
16 APPENDIX
16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
