Question 1

What is the size of the global connected tire market?

Accepted Answer

The market size for connected tire was valued at USD 8.7 million in 2022 and is anticipated to grow at a CAGR of over 45% between 2023 and 2032, backed by the demand from eco-conscious consumers and fleet operators.

Question 2

Why is connected tires market share from passenger cars segment growing?

Accepted Answer

The passenger car segment is expected to hold a market share of over 70% by 2032. As the number of passenger cars on the road continues to grow, the demand for advanced technologies such as connected tires will also witness growth.

Question 3

Who are the key players in connected tire industry?

Accepted Answer

Continental AG, Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Company, Pirelli & C. S.p.A., Nokian Tyres plc.

Question 4

How big is Asia Pacific connected tires industry?

Accepted Answer

Asia Pacific market for connected tire accounted for over 35% in 2022, owing to the increasing production of vehicles, and a shift toward sustainable mobility solutions.

Connected Tire Market Share

Connected Tire Market Share

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