What is the global market size of Connected Tire Market?

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).

Who are the key vendors in the Connected Tire Market?

The competitive landscape in the global connected tire market is characterized by intense rivalry and a diverse range of players vying for market share. Companies across the automotive and technology sectors are actively investing in research and development to create innovative connected tire solutions. 'Continental AG (Germany)', 'Michelin (France)', 'Bridgestone Corporation (Japan)', 'The Goodyear Tire & Rubber Company (US)', 'Pirelli & C. S.p.A. (Italy)', 'Nokian Tyres plc (Finland)', 'Sumitomo Rubber Industries Ltd. (Japan)', 'Hankook Tire & Technology Co., Ltd. (South Korea)', 'Yokohama Rubber Co., Ltd. (Japan)', 'Toyo Tire Corporation (Japan)', 'Cooper Tire & Rubber Company (US)', 'Kumho Tire Co., Inc. (South Korea)', 'Giti Tire (Singapore)', 'Apollo Tyres Ltd. (India)', 'MRF Ltd. (India)'

Top Connected Tire Companies

Q: What is the key market trend for Connected Tire Market?

Increasing Emphasis on Autonomous Vehicles : As self-driving cars become a reality, there is a growing demand for advanced sensor-based tire monitoring systems that can seamlessly communicate with autonomous vehicle control systems. These connected tire solutions not only enhance safety by providing real-time data on tire condition but also play a crucial role in optimizing the performance and safety of autonomous vehicles, thus aligning with the broader shift towards autonomous transportation.

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Connected Tire Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Connected Tire industry players.

Connected Tire Market Competitive Landscape

As consumer demand for smart and connected vehicles continues to grow, the market is witnessing new entrants and partnerships between traditional automakers and technology firms. The focus is not only on enhancing tire performance and safety but also on integrating these systems seamlessly with vehicles to provide a holistic driving experience.

This competitive environment fosters innovation and drives advancements in the connected tire market as companies strive to differentiate themselves and capture a larger share of this evolving market.

Top Players in Connected Tire Market

Continental AG (Germany)
Bridgestone Corporation (Japan)
Michelin Group (France)
Goodyear Tire & Rubber Company (USA)
Pirelli & C. S.p.A. (Italy)
Sumitomo Rubber Industries, Ltd. (Japan)
Hankook Tire & Technology Co., Ltd. (South Korea)
Yokohama Rubber Co., Ltd. (Japan)
Nokian Tyres plc (Finland)1
Apollo Tyres Ltd. (India)
Toyo Tire Corporation (Japan)
Sentient Tire (USA)
SafeRide Technologies (Israel)
NXP Semiconductors N.V. (Netherlands)
Infineon Technologies AG (Germany)
STMicroelectronics N.V. (Switzerland)
Robert Bosch GmbH (Germany)
ZF Friedrichshafen AG (Germany)
TireCheck GmbH (Germany)

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FAQs

Connected Tire Market size was valued at USD 14.23 Million in 2024 and is poised to grow from USD 21.08 Million in 2025 to USD 490.63 Million by 2033, growing at a CAGR of 48.2% during the forecast period (2026–2033).

The competitive landscape in the global connected tire market is characterized by intense rivalry and a diverse range of players vying for market share. Companies across the automotive and technology sectors are actively investing in research and development to create innovative connected tire solutions. 'Continental AG (Germany)', 'Bridgestone Corporation (Japan) ', 'Michelin Group (France) ', 'Goodyear Tire & Rubber Company (USA) ', 'Pirelli & C. S.p.A. (Italy) ', 'Sumitomo Rubber Industries, Ltd. (Japan) ', 'Hankook Tire & Technology Co., Ltd. (South Korea) ', 'Yokohama Rubber Co., Ltd. (Japan) ', 'Nokian Tyres plc (Finland)1 ', 'Apollo Tyres Ltd. (India) ', 'Toyo Tire Corporation (Japan) ', 'Sentient Tire (USA) ', 'SafeRide Technologies (Israel) ', 'NXP Semiconductors N.V. (Netherlands) ', 'Infineon Technologies AG (Germany) ', 'STMicroelectronics N.V. (Switzerland) ', 'Robert Bosch GmbH (Germany) ', 'ZF Friedrichshafen AG (Germany) ', 'TireCheck GmbH (Germany)'

One of the major drivers of the connected tire market is the increasing emphasis on safety and efficiency in the automotive industry. Connected tires provide real-time data on tire conditions, enabling proactive maintenance and reducing the risk of accidents due to tire-related issues. Additionally, they contribute to fuel efficiency and reduced emissions, aligning with the growing environmental consciousness among consumers and regulatory bodies.

Increasing Emphasis on Autonomous Vehicles: As self-driving cars become a reality, there is a growing demand for advanced sensor-based tire monitoring systems that can seamlessly communicate with autonomous vehicle control systems. These connected tire solutions not only enhance safety by providing real-time data on tire condition but also play a crucial role in optimizing the performance and safety of autonomous vehicles, thus aligning with the broader shift towards autonomous transportation.

North America currently dominates the worldwide connected tire market. This leadership role is mainly attributed to the high adoption rate of superior automobile technology in the area, pushed with the aid of a strong automobile industry and patron call for clever and connected motors. The presence of main generation companies and a focal point on protection and comfort make contributions to North America's prominence in the linked tire market.

Top Connected Tire Companies

Connected Tire Market Competitive Landscape

Top Players in Connected Tire Market

FAQs

What is the global market size of Connected Tire Market?

Who are the key vendors in the Connected Tire Market?

What is the key driver of Connected Tire Market?

What is the key market trend for Connected Tire Market?

Which region accounted for the largest share in Connected Tire Market?

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