出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年6月
コネクテッドタイヤ市場 : 車両タイプ、コンポーネント、リムサイズ (12 ～ 17 インチ、18 ～ 22 インチ、22 インチ以上)、販売チャネル (OEM、アフターマーケット)、推進力 (電気、ICE)、製品 (ハードウェア、ソフトウェア)、地域別 – 2028年までの世界予測
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
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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.
• 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%
The Connected tyre market is dominated by major charging providers including Bridgestone (Japan), Michelin (France), Goodyear (US), Continental (Germany), and Pirelli (Italy) among others in the Connected tyre 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:
• 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
目次
1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION 27
TABLE 1 CONNECTED TIRES MARKET DEFINITION, BY SALES CHANNEL 27
TABLE 2 CONNECTED TIRES MARKET DEFINITION, BY VEHICLE TYPE 27
TABLE 3 CONNECTED TIRES MARKET DEFINITION, BY RIM SIZE 28
TABLE 4 CONNECTED TIRES MARKET DEFINITION, BY COMPONENT 28
TABLE 5 CONNECTED TIRES MARKET DEFINITION BY PROPULSION TYPE 29
TABLE 6 CONNECTED TIRES MARKET DEFINITION, BY OFFERING 29
1.2.1 INCLUSIONS AND EXCLUSIONS 29
TABLE 7 INCLUSIONS AND EXCLUSIONS 29
1.3 MARKET SCOPE 30
FIGURE 1 MARKETS COVERED 30
1.3.1 REGIONS COVERED 31
1.3.2 YEARS CONSIDERED 31
1.4 CURRENCY CONSIDERED 31
TABLE 8 CURRENCY EXCHANGE RATES 32
1.5 STAKEHOLDERS 32
1.6 RECESSION IMPACT 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 2 CONNECTED TIRES MARKET: RESEARCH DESIGN 33
FIGURE 3 RESEARCH DESIGN MODEL 34
2.1.1 SECONDARY DATA 34
2.1.1.1 Key secondary sources for connected tires market 35
2.1.1.2 Key data from secondary sources 36
2.1.2 PRIMARY DATA 36
2.1.2.1 Primary interviews – demand and supply sides 37
2.1.2.2 Key industry insights and breakdown of primary interviews 37
FIGURE 4 KEY INDUSTRY INSIGHTS 37
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS 38
2.1.2.3 List of primary participants 38
2.2 MARKET SIZE ESTIMATION 39
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 40
2.2.1 BOTTOM-UP APPROACH 41
FIGURE 7 CONNECTED TIRES MARKET: BOTTOM-UP APPROACH 41
2.2.2 TOP-DOWN APPROACH 41
FIGURE 8 TOP-DOWN APPROACH: CONNECTED TIRES MARKET 42
FIGURE 9 CONNECTED TIRES: MARKET ESTIMATION NOTES 42
2.3 RECESSION IMPACT ANALYSIS 42
FIGURE 10 CONNECTED TIRES MARKET: RESEARCH DESIGN AND METHODOLOGY – DEMAND SIDE 43
2.4 DATA TRIANGULATION 44
FIGURE 11 DATA TRIANGULATION METHODOLOGY 44
2.5 FACTOR ANALYSIS 45
FIGURE 12 FACTOR ANALYSIS: CONNECTED TIRES MARKET 45
2.5.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 46
2.6 RESEARCH ASSUMPTIONS 47
2.7 RESEARCH LIMITATIONS 48
3 EXECUTIVE SUMMARY 49
FIGURE 13 CONNECTED TIRES MARKET: MARKET OVERVIEW 50
FIGURE 14 CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 51
FIGURE 15 HARDWARE SEGMENT ESTIMATED TO LEAD CONNECTED TIRES MARKET IN 2023 52
FIGURE 16 KEY PLAYERS IN CONNECTED TIRES MARKET 52
FIGURE 17 PASSENGER CARS SEGMENT TO HAVE HIGHEST MARKET SHARE IN CONNECTED TIRES MARKET IN 2023 53
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES IN CONNECTED TIRES MARKET 54
FIGURE 18 INCREASING DEMAND FOR SMART AND CONNECTED VEHICLES TO BOOST MARKET 54
4.2 CONNECTED TIRES MARKET, BY PROPULSION 54
FIGURE 19 ELECTRIC SEGMENT EXPECTED TO HAVE FASTEST CAGR DURING FORECAST PERIOD 54
4.3 CONNECTED TIRES MARKET, BY VEHICLE TYPE 55
FIGURE 20 PASSENGER CARS TO LEAD MARKET DURING FORECAST PERIOD 55
4.4 CONNECTED TIRES MARKET, BY RIM SIZE 55
FIGURE 21 12–17 INCHES RIM SIZE TO HAVE HIGHEST GROWTH DURING FORECAST PERIOD 55
4.5 CONNECTED TIRES MARKET, BY OFFERING 56
FIGURE 22 SOFTWARE SEGMENT TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD 56
4.6 CONNECTED TIRES MARKET, BY COMPONENT 56
FIGURE 23 TPMS AND RFID CHIPS TO REGISTER FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 56
4.7 CONNECTED TIRES MARKET, BY REGION 57
FIGURE 24 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2022 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 59
FIGURE 25 CONNECTED TIRES MARKET: MARKET DYNAMICS 59
5.2.1 DRIVERS 60
FIGURE 26 DRIVING FACTORS OF CONNECTED TIRES MARKET 60
5.2.2 RESTRAINTS 61
FIGURE 27 RESTRAINING FACTORS OF CONNECTED TIRES MARKET 61
5.2.3 OPPORTUNITIES 63
FIGURE 28 OPPORTUNITIES IN CONNECTED TIRES MARKET 63
5.2.4 CHALLENGES 64
FIGURE 29 CHALLENGING FACTORS OF CONNECTED TIRES MARKET 64
TABLE 9 CONNECTED TIRES MARKET: IMPACT OF MARKET DYNAMICS 65
5.3 CONNECTED TIRES MARKET ECOSYSTEM 66
FIGURE 30 CONNECTED TIRES MARKET: ECOSYSTEM ANALYSIS 66
5.3.1 TIRE MANUFACTURERS 66
5.3.2 TECHNOLOGY PROVIDERS 66
5.3.3 IOT PLATFORM PROVIDERS 66
5.3.4 AUTOMOTIVE OEMS 66
5.3.5 CONNECTIVITY PROVIDERS 66
TABLE 10 CONNECTED TIRES MARKET: ROLE OF COMPANIES IN ECOSYSTEM 67
5.4 SUPPLY CHAIN ANALYSIS 68
FIGURE 31 SUPPLY CHAIN ANALYSIS OF CONNECTED TIRES MARKET 68
5.5 PRICING ANALYSIS 69
TABLE 11 CONNECTED TIRES COST SUMMARY 69
TABLE 12 CONNECTED TIRES COST, BY VEHICLE TYPE 69
5.6 PATENT ANALYSIS 70
FIGURE 32 NUMBER OF PUBLISHED PATENTS (2012–2022) 70
5.6.1 LEGAL STATUS OF PATENTS 70
FIGURE 33 LEGAL STATUS OF PATENTS FILED FOR CONNECTED TIRES 70
TABLE 13 IMPORTANT PATENT REGISTRATIONS RELATED TO CONNECTED TIRES MARKET 71
5.7 CASE STUDIES 74
5.7.1 CASE STUDY 1: SMART TIRES IOT PRODUCT DEVELOPMENT 74
5.7.2 CASE STUDY 2: BUILDING BETTER TIRES WITH AI 74
5.7.3 CASE STUDY 3: TIREMATICS CLOUD SYSTEM 75
5.7.4 CASE STUDY 4: CONTINENTAL AND HEWLETT PACKARD ENTERPRISE (HPE) 75
5.7.5 CASE STUDY 5: PIRELLI AND ERICSSON 75
5.8 TECHNOLOGY ANALYSIS 76
5.8.1 5G CONNECTIVITY 76
5.8.2 IOT INTEGRATION 77
FIGURE 34 MICROSOFT TIRE MONITORING SYSTEM 77
5.8.3 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING 78
FIGURE 35 AUTOMATED TIRE INFORMATION GATHERING SYSTEM FOR BUSES AND TRUCKS 78
5.8.4 AUGMENTED REALITY 79
FIGURE 36 FALKEN TIRES AUGMENTED REALITY 79
5.9 TRADE ANALYSIS 80
5.9.1 IMPORT DATA 80
TABLE 14 US: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %) 80
TABLE 15 MEXICO: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %) 80
TABLE 16 CHINA: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %) 80
TABLE 17 JAPAN: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %) 81
TABLE 18 INDIA: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %) 81
TABLE 19 GERMANY: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %) 81
TABLE 20 FRANCE: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %) 82
TABLE 21 SPAIN: PNEUMATIC TIRE IMPORTS SHARE, BY COUNTRY (VALUE %) 82
5.9.2 EXPORT DATA 82
TABLE 22 US: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %) 82
TABLE 23 CHINA: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %) 83
TABLE 24 JAPAN: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %) 83
TABLE 25 INDIA: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %) 83
TABLE 26 GERMANY: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %) 84
TABLE 27 FRANCE: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %) 84
TABLE 28 SPAIN: PNEUMATIC TIRE EXPORTS SHARE, BY COUNTRY (VALUE %) 84
5.10 REGULATORY FRAMEWORK 85
5.10.1 NORTH AMERICA 85
5.10.2 EUROPE 85
5.10.3 ASIA PACIFIC 85
5.10.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY REGION 86
TABLE 29 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 30 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 31 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
5.11 TRENDS AND DISRUPTIONS 89
FIGURE 37 CONNECTED TIRES MARKET: TRENDS AND DISRUPTIONS 89
5.12 SOLUTION COMPARISON BY LEADING PLAYERS 90
5.13 MACROECONOMIC INDICATORS 91
5.13.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES 91
TABLE 32 GDP TRENDS AND FORECAST BY MAJOR ECONOMIES, 2019–2026 (USD BILLION) 91
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 91
5.14.1 PASSENGER CARS 91
5.14.2 COMMERCIAL VEHICLES 92
5.14.3 KEY STAKEHOLDERS IN BUYING PROCESS 92
FIGURE 38 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP APPLICATIONS 92
TABLE 33 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP APPLICATIONS (%) 92
5.14.4 BUYING CRITERIA 93
FIGURE 39 KEY BUYING CRITERIA FOR TOP APPLICATIONS 93
TABLE 34 KEY BUYING CRITERIA FOR TOP APPLICATIONS 93
5.14.5 ROI ANALYSIS 94
TABLE 35 ASSUMPTIONS: YEAR 1 94
TABLE 36 POTENTIAL BENEFITS: YEAR 1 94
TABLE 37 ROI CALCULATION: YEAR 1 94
5.15 KEY CONFERENCES AND EVENTS IN 2023 AND 2024 95
TABLE 38 CONNECTED TIRES MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 95
5.16 CONNECTED TIRES MARKET SCENARIO (2023–2028) 96
FIGURE 40 CONNECTED TIRES MARKET – FUTURE TRENDS AND SCENARIOS, 2023–2028 (USD MILLION) 96
5.16.1 MOST LIKELY SCENARIO 96
TABLE 39 MOST LIKELY SCENARIO, BY REGION, 2023–2028 (USD MILLION) 96
5.16.2 OPTIMISTIC SCENARIO 97
TABLE 40 OPTIMISTIC SCENARIO, BY REGION, 2023–2028 (USD MILLION) 97
5.16.3 PESSIMISTIC SCENARIO 97
TABLE 41 PESSIMISTIC SCENARIO, BY REGION, 2023–2028 (USD MILLION) 97
6 CONNECTED TIRES MARKET, BY RIM SIZE 98
6.1 INTRODUCTION 99
TABLE 42 CONNECTED TIRES MARKET, BY RIM SIZE, 2019–2022 (THOUSAND UNITS) 99
TABLE 43 CONNECTED TIRES MARKET BY RIM SIZE, 2023–2028 (THOUSAND UNITS) 99
FIGURE 41 MORE THAN 22 INCHES SEGMENT TO DOMINATE RIM SIZE MARKET DURING FORECAST PERIOD 100
6.2 12–17 INCHES 100
6.2.1 INCORPORATION OF NEW TECHNOLOGIES FOR BETTER PRODUCTIVITY 100
TABLE 44 12–17 INCHES: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS) 101
TABLE 45 12–17 INCHES: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 101
6.3 18–22 INCHES 101
6.3.1 ENABLES BETTER PERFORMANCE AND HANDLING AT HIGHER SPEEDS FOR SUVS, SPORTS CARS, AND OTHERS 101
TABLE 46 18–22 INCHES: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS) 102
TABLE 47 18–22 INCHES: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 102
6.4 MORE THAN 22 INCHES 102
6.4.1 INCREASED USAGE IN COMMERCIAL AND HEAVY-DUTY VEHICLES 102
TABLE 48 MORE THAN 22 INCHES: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS) 103
TABLE 49 MORE THAN 22 INCHES: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 103
6.5 KEY PRIMARY INSIGHTS 103
7 CONNECTED TIRES MARKET, BY PROPULSION 104
7.1 INTRODUCTION 105
TABLE 50 CONNECTED TIRES MARKET, BY PROPULSION TYPE, 2019–2022 (THOUSAND UNITS) 105
TABLE 51 CONNECTED TIRES MARKET, BY PROPULSION TYPE, 2023–2028 (THOUSAND UNITS) 105
FIGURE 42 ELECTRIC SEGMENT TO BE DOMINANT DURING FORECAST PERIOD (2023–2028) 106
7.2 ELECTRIC 106
7.2.1 SUSTAINABLE AND ECO-FRIENDLY SOLUTION 106
TABLE 52 ELECTRIC: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS) 106
TABLE 53 ELECTRIC: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 107
7.3 ICE 107
7.3.1 DEVELOPMENT OF NEW CONNECTED TIRE TECHNOLOGIES TO ENHANCE FUEL EFFICIENCY 107
TABLE 54 ICE: CONNECTED TIRES MARKET BY REGION, 2019–2022 (THOUSAND UNITS) 107
TABLE 55 ICE: CONNECTED TIRES MARKET BY REGION, 2023–2028 (THOUSAND UNITS) 108
7.4 KEY PRIMARY INSIGHTS 108
8 CONNECTED TIRES MARKET, BY SALES CHANNEL 109
8.1 INTRODUCTION 109
8.2 OEM 110
8.3 AFTERMARKET 110
9 CONNECTED TIRES MARKET, BY VEHICLE TYPE 112
9.1 INTRODUCTION 113
FIGURE 43 CONNECTED TIRES MARKET, BY VEHICLE TYPE, 2023−2028 113
TABLE 56 CONNECTED TIRES MARKET, BY VEHICLE TYPE, 2019–2022 (THOUSAND UNITS) 114
TABLE 57 CONNECTED TIRES MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS) 114
9.2 PASSENGER CARS 114
9.2.1 INTEGRATION OF AI AND ML FOR BETTER RESULTS 114
TABLE 58 PASSENGER CARS: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS) 115
TABLE 59 PASSENGER CARS: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 115
9.3 COMMERCIAL VEHICLES 116
9.3.1 NEED FOR ENHANCED SAFETY AND EFFICIENCY 116
TABLE 60 COMMERCIAL VEHICLES: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS) 116
TABLE 61 COMMERCIAL VEHICLES: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 116
9.4 KEY INDUSTRY INSIGHTS 117
10 CONNECTED TIRES MARKET, BY OFFERING 118
10.1 INTRODUCTION 119
TABLE 62 CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION) 119
TABLE 63 CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 119
FIGURE 44 SOFTWARE PROJECTED TO REGISTER HIGHER RATE DURING FORECAST PERIOD 120
10.2 SOFTWARE 120
10.2.1 INVESTMENTS IN CLOUD-BASED PLATFORMS FOR REAL-TIME DATA ANALYSIS AND TIRE MONITORING 120
TABLE 64 SOFTWARE BY COMPANY NAMES 120
TABLE 65 SOFTWARE CONNECTED TIRES MARKET, BY REGION, 2019–2022 (USD MILLION) 121
TABLE 66 SOFTWARE CONNECTED TIRES MARKET, BY REGION, 2023–2028 (USD MILLION) 121
10.3 HARDWARE 122
10.3.1 R&D INVESTMENTS IN NEXT-GENERATION CONNECTED TIRES 122
TABLE 67 HARDWARE CONNECTED TIRES MARKET, BY REGION, 2019–2022 (USD MILLION) 122
TABLE 68 HARDWARE CONNECTED TIRES MARKET, BY REGION, 2023–2028 (USD MILLION) 122
10.4 KEY PRIMARY INSIGHTS 123
11 CONNECTED TIRES MARKET, BY COMPONENT 124
11.1 INTRODUCTION 125
TABLE 69 CONNECTED TIRES MARKET, BY COMPONENT, 2019–2022 (THOUSAND UNITS) 125
TABLE 70 CONNECTED TIRES MARKET, BY COMPONENT, 2023–2028 (THOUSAND UNITS) 125
FIGURE 45 TPMS AND RFID CHIPS PROJECTED TO HAVE HIGH GROWTH RATE DURING FORECAST PERIOD (2023–2028) 126
11.2 ACCELEROMETER SENSORS 126
11.2.1 MEASURES TIRE PERFORMANCE METRICS 126
TABLE 71 ACCELEROMETER SENSORS: CONNECTED TIRES MARKET, BY REGION, 2019–2022 (THOUSAND UNITS) 127
TABLE 72 ACCELEROMETER SENSORS: CONNECTED TIRES MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 127
11.3 STRAIN GAUGE SENSORS 127
11.3.1 MORE RELIABLE AND COST-EFFECTIVE 127
TABLE 73 STRAIN GAUGE SENSORS: CONNECTED TIRES MARKET BY REGION, 2019–2022 (THOUSAND UNITS) 128
TABLE 74 STRAIN GAUGE SENSORS: CONNECTED TIRES MARKET BY REGION, 2023–2028 (THOUSAND UNITS) 128
11.4 RFID CHIPS 129
11.4.1 ALLOWS QUICK AND EASY IDENTIFICATION AND TRACKING OF TIRES 129
TABLE 75 RFID CHIPS: CONNECTED TIRES MARKET BY REGION, 2019–2022 (THOUSAND UNITS) 129
TABLE 76 RFID CHIPS: CONNECTED TIRES MARKET BY REGION, 2023–2028 (THOUSAND UNITS) 129
11.5 TPMS 130
11.5.1 MANDATED BY GOVERNMENTS WORLDWIDE TO IMPROVE ROAD SAFETY 130
TABLE 77 TPMS: CONNECTED TIRES MARKET BY REGION, 2019–2022 (THOUSAND UNITS) 130
TABLE 78 TPMS: CONNECTED TIRES MARKET BY REGION, 2023–2028 (THOUSAND UNITS) 130
11.6 OTHER SENSORS 131
11.7 KEY PRIMARY INSIGHTS 131
12 CONNECTED TIRES MARKET, BY REGION 132
12.1 INTRODUCTION 133
FIGURE 46 CONNECTED TIRES MARKET, BY REGION (2023–2028) 133
TABLE 79 CONNECTED TIRES MARKET, BY REGION, 2019–2022(USD MILLION) 134
TABLE 80 CONNECTED TIRES MARKET, BY REGION, 2023–2028 (USD MILLION) 134
12.2 NORTH AMERICA 135
FIGURE 47 NORTH AMERICA: CONNECTED TIRES MARKET SNAPSHOT 135
TABLE 81 NORTH AMERICA: CONNECTED TIRES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 135
TABLE 82 NORTH AMERICA: CONNECTED TIRES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 136
12.2.1 CANADA 136
12.2.1.1 Increased demand for technologies to optimize performance and efficiency of electric vehicles 136
TABLE 83 CANADA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 137
12.2.2 US 137
12.2.2.1 Strong government support and presence of leading providers 137
TABLE 84 US: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION) 137
TABLE 85 US: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 138
12.2.3 MEXICO 138
12.2.3.1 Implementation of several initiatives by government to promote connected technologies 138
TABLE 86 MEXICO: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 138
12.3 ASIA PACIFIC 139
FIGURE 48 ASIA PACIFIC: CONNECTED TIRES MARKET SNAPSHOT 139
TABLE 87 ASIA PACIFIC: CONNECTED TIRES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 140
TABLE 88 ASIA PACIFIC: CONNECTED TIRES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 140
12.3.1 CHINA 141
12.3.1.1 Government initiatives to promote technological advancements 141
TABLE 89 CHINA: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION) 141
TABLE 90 CHINA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 141
12.3.2 INDIA 142
12.3.2.1 Increased investment by government in connected mobility market 142
TABLE 91 INDIA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 142
12.3.3 JAPAN 142
12.3.3.1 High R&D investments 142
TABLE 92 JAPAN: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION) 143
TABLE 93 JAPAN: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 143
12.3.4 SOUTH KOREA 143
12.3.4.1 Partnerships to develop next-generation tires for premium electric vehicles 143
TABLE 94 SOUTH KOREA: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION) 144
TABLE 95 SOUTH KOREA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 144
12.3.5 THAILAND 144
12.3.5.1 Low awareness among consumers of connected tires 144
TABLE 96 THAILAND: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028(USD MILLION) 144
12.3.6 REST OF ASIA PACIFIC 145
TABLE 97 REST OF ASIA PACIFIC: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 145
12.4 EUROPE 146
FIGURE 49 CONNECTED TIRES IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 146
TABLE 98 EUROPE: CONNECTED TIRES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 147
TABLE 99 EUROPE: CONNECTED TIRES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 147
12.4.1 FRANCE 148
12.4.1.1 Investment by manufacturers to develop new and innovative connected tire technologies 148
TABLE 100 FRANCE: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION) 148
TABLE 101 FRANCE: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 148
12.4.2 GERMANY 149
12.4.2.1 Ideal market for adoption of connected tires 149
TABLE 102 GERMANY: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION) 149
TABLE 103 GERMANY: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 149
12.4.3 RUSSIA 150
12.4.3.1 Automotive demand set to recover 150
TABLE 104 RUSSIA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 150
12.4.4 ITALY 150
12.4.4.1 Need for efficient and safe transportation 150
TABLE 105 ITALY: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION) 151
TABLE 106 ITALY: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 151
12.4.5 UK 151
12.4.5.1 Higher growth in fleet management sector 151
TABLE 107 UK: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION) 152
TABLE 108 UK: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 152
12.4.6 TURKEY 152
12.4.6.1 Market to grow at slow rate 152
TABLE 109 TURKEY: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 152
12.4.7 SPAIN 153
12.4.7.1 Presence of major automotive manufacturers 153
TABLE 110 SPAIN: CONNECTED TIRES MARKET, BY OFFERING, 2019–2022 (USD MILLION) 153
TABLE 111 SPAIN: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 153
12.4.8 REST OF EUROPE 153
TABLE 112 REST OF EUROPE: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 154
12.5 REST OF THE WORLD 154
FIGURE 50 REST OF THE WORLD: CONNECTED TIRES MARKET SNAPSHOT 155
TABLE 113 REST OF THE WORLD: CONNECTED TIRES MARKET, BY COUNTRY, 2023–2028(USD MILLION) 155
12.5.1 BRAZIL 155
TABLE 114 BRAZIL: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028(USD MILLION) 156
12.5.2 SOUTH AFRICA 156
TABLE 115 SOUTH AFRICA: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 156
12.5.3 OTHER COUNTRIES 157
TABLE 116 OTHER COUNTRIES: CONNECTED TIRES MARKET, BY OFFERING, 2023–2028 (USD MILLION) 157
13 COMPETITIVE LANDSCAPE 158
13.1 OVERVIEW 158
13.2 MARKET RANKING ANALYSIS FOR CONNECTED TIRES MARKET 158
FIGURE 51 MARKET RANKING ANALYSIS, 2022 158
13.3 REVENUE ANALYSIS OF TOP LISTED PLAYERS 160
FIGURE 52 REVENUE ANALYSIS, 2017–2021 160
13.4 COMPETITIVE SCENARIO 160
13.4.1 DEALS 160
TABLE 117 DEALS, 2020–2023 161
13.4.2 NEW PRODUCT LAUNCHES 162
TABLE 118 PRODUCT LAUNCHES, 2020–2023 162
13.4.3 OTHERS, 2020–2023 163
TABLE 119 OTHERS, 2020–2023 163
13.5 COMPANY EVALUATION QUADRANT FOR CONNECTED TIRES MARKET 164
13.5.1 STARS 164
13.5.2 EMERGING LEADERS 164
13.5.3 PERVASIVE PLAYERS 164
13.5.4 PARTICIPANTS 165
FIGURE 53 CONNECTED TIRES MARKET: COMPANY EVALUATION QUADRANT, 2022 165
TABLE 120 CONNECTED TIRES MARKET: COMPANY FOOTPRINT, 2022 166
TABLE 121 CONNECTED TIRES MARKET: VEHICLE TYPE FOOTPRINT, 2022 166
TABLE 122 CONNECTED TIRES MARKET: REGIONAL FOOTPRINT, 2022 167
13.6 STARTUP/SME EVALUATION QUADRANT 167
13.6.1 PROGRESSIVE COMPANIES 167
13.6.2 RESPONSIVE COMPANIES 167
13.6.3 DYNAMIC COMPANIES 167
13.6.4 STARTING BLOCKS 168
FIGURE 54 CONNECTED TIRES MARKET: SME EVALUATION QUADRANT, 2022 168
13.7 COMPETITIVE BENCHMARKING 169
TABLE 123 CONNECTED TIRES MARKET: DETAILED LIST OF KEY STARTUPS 169
TABLE 124 CONNECTED TIRES MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS] 169
14 COMPANY PROFILES 170
14.1 KEY PLAYERS 170
(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 170
TABLE 125 GOODYEAR: BUSINESS OVERVIEW 170
FIGURE 55 GOODYEAR: COMPANY SNAPSHOT 171
FIGURE 56 GOODYEAR REMOTE TIRE MONITORING 172
TABLE 126 GOODYEAR: PRODUCTS OFFERED 172
TABLE 127 GOODYEAR: PRODUCT LAUNCHES 173
14.1.2 MICHELIN 174
TABLE 128 MICHELIN: BUSINESS OVERVIEW 174
FIGURE 57 MICHELIN: COMPANY SNAPSHOT 175
FIGURE 58 MICHELIN CONNECTED TECHNOLOGIES 175
TABLE 129 MICHELIN: PRODUCTS OFFERED 176
TABLE 130 MICHELIN: PRODUCT LAUNCHES 176
TABLE 131 MICHELIN: DEALS 177
14.1.3 PIRELLI 179
TABLE 132 PIRELLI: BUSINESS OVERVIEW 179
FIGURE 59 PIRELLI: COMPANY SNAPSHOT 180
FIGURE 60 PIRELLI MOBILITY OF FUTURE 180
TABLE 133 PIRELLI: PRODUCTS OFFERED 181
TABLE 134 PIRELLI: PRODUCT LAUNCHES 181
TABLE 135 PIRELLI: DEALS 182
TABLE 136 PIRELLI: OTHERS 182
14.1.4 BRIDGESTONE 184
TABLE 137 BRIDGESTONE: BUSINESS OVERVIEW 184
FIGURE 61 BRIDGESTONE: COMPANY SNAPSHOT 185
FIGURE 62 BRIDGESTONE ACQUIRES TOMTOM TELEMATICS 185
TABLE 138 BRIDGESTONE: PRODUCTS OFFERED 186
TABLE 139 BRIDGESTONE: PRODUCT LAUNCHES 186
TABLE 140 BRIDGESTONE: DEALS 187
TABLE 141 BRIDGESTONE: OTHERS 187
14.1.5 CONTINENTAL AG 189
TABLE 142 CONTINENTAL AG: BUSINESS OVERVIEW 189
FIGURE 63 CONTINENTAL AG: COMPANY SNAPSHOT 190
FIGURE 64 CONTINENTAL AG DIGITAL TIRE MONITORING 190
TABLE 143 CONTINENTAL AG: PRODUCTS OFFERED 191
TABLE 144 CONTINENTAL AG: PRODUCT LAUNCHES 191
TABLE 145 CONTINENTAL AG: DEALS 192
14.1.6 NOKIAN TYRES 193
TABLE 146 NOKIAN TYRES: BUSINESS OVERVIEW 193
FIGURE 65 NOKIAN TYRES: COMPANY SNAPSHOT 194
TABLE 147 NOKIAN TYRES: PRODUCTS OFFERED 194
TABLE 148 NOKIAN TYRES: PRODUCT LAUNCHES 195
14.1.7 YOKOHAMA RUBBER CO. 196
TABLE 149 YOKOHAMA RUBBER CO.: BUSINESS OVERVIEW 196
FIGURE 66 YOKOHAMA RUBBER CO.: COMPANY SNAPSHOT 196
TABLE 150 YOKOHAMA RUBBER CO.: PRODUCTS OFFERED 197
TABLE 151 YOKOHAMA RUBBER CO.: DEALS 197
14.1.8 SUMITOMO RUBBER INDUSTRIES LTD. 198
TABLE 152 SUMITOMO RUBBER INDUSTRIES LTD.: BUSINESS OVERVIEW 198
FIGURE 67 SUMITOMO RUBBER INDUSTRIES LTD.: COMPANY SNAPSHOT 199
TABLE 153 SUMITOMO RUBBER INDUSTRIES LTD.: PRODUCTS OFFERED 199
TABLE 154 SUMITOMO RUBBER INDUSTRIES LTD.: PRODUCT LAUNCHES 200
14.1.9 TOYO TIRES 201
TABLE 155 TOYO TIRES: BUSINESS OVERVIEW 201
FIGURE 68 TOYO TIRES: COMPANY SNAPSHOT 202
TABLE 156 TOYO TIRES: PRODUCTS OFFERED 202
TABLE 157 TOYO TIRES: DEALS 203
14.1.10 JK TYRE 204
TABLE 158 JK TYRE: BUSINESS OVERVIEW 204
FIGURE 69 JK TYRE: COMPANY SNAPSHOT 204
TABLE 159 JK TYRE: PRODUCTS OFFERED 205
TABLE 160 JK TYRE: PRODUCT LAUNCHES 205
14.1.11 MRF 206
TABLE 161 MRF: BUSINESS OVERVIEW 206
FIGURE 70 MRF: COMPANY SNAPSHOT 206
TABLE 162 MRF: PRODUCTS OFFERED 207
14.1.12 HANKOOK TIRES 208
TABLE 163 HANKOOK TIRES: BUSINESS OVERVIEW 208
FIGURE 71 HANKOOK TIRES: COMPANY SNAPSHOT 208
TABLE 164 HANKOOK TIRES: PRODUCTS OFFERED 209
TABLE 165 HANKOOK TIRES: DEALS 209
*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 210
14.2.1 KUMHO 210
TABLE 166 KUMHO TIRE: BUSINESS OVERVIEW 210
14.2.2 BF GOODRICH 210
TABLE 167 BF GOODRICH: BUSINESS OVERVIEW 210
14.2.3 MAXXIS 211
TABLE 168 MAXXIS: BUSINESS OVERVIEW 211
14.2.4 FALKEN 211
TABLE 169 FALKEN: BUSINESS OVERVIEW 211
14.2.5 GENERAL TIRE 212
TABLE 170 GENERAL TIRE: BUSINESS OVERVIEW 212
14.2.6 UNIROYAL 212
TABLE 171 UNIROYAL: BUSINESS OVERVIEW 212
14.2.7 COOPER TIRE & RUBBER COMPANY 213
TABLE 172 COOPER TIRE & RUBBER COMPANY: BUSINESS OVERVIEW 213
14.2.8 FIRESTONE TIRE AND RUBBER COMPANY 213
TABLE 173 FIRESTONE TIRE AND RUBBER COMPANY: BUSINESS OVERVIEW 213
14.2.9 NITTO TIRE 214
TABLE 174 NITTO TIRE: BUSINESS OVERVIEW 214
14.2.10 SMART TIRE COMPANY 214
TABLE 175 SMART TIRE COMPANY: BUSINESS OVERVIEW 214
14.2.11 SAILUN TIRES 215
TABLE 176 SAILUN TIRES: BUSINESS OVERVIEW 215
15 RECOMMENDATIONS BY MARKETSANDMARKETS 216
15.1 ASIA PACIFIC TO OFFER MOST LUCRATIVE OPPORTUNITIES IN CONNECTED TIRES MARKET 216
15.2 TECHNOLOGICAL ADVANCEMENTS TO BE CRUCIAL FOR MARKET GROWTH 216
15.3 SOFTWARE SOLUTIONS TO BE INTEGRAL PART OF CONNECTED TIRES AND ADVANCED IOT-ENABLED APPLICATIONS 217
15.4 CONCLUSION 217
16 APPENDIX 218
16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 218
16.2 DISCUSSION GUIDE 219
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 222
16.4 CUSTOMIZATION OPTIONS 224
16.5 RELATED REPORTS 224
16.6 AUTHOR DETAILS 225