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The Global Connected Tires Market is projected to grow at a CAGR of around 64.3% during the forecast period, i.e., 2023-28.
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Global Connected Tires Market Research Report: Forecast (2023-2028) +1 628-895-8081 www.marknteladvisors.com sales@marknteladvisors.com
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Market Insights • The Global Connected Tires Market is projected to grow at a CAGR of around 64.3% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the mounting focus on vehicle safety, the burgeoning adoption of CASE (Connected, Autonomous, Shared & Services) mobility, increasing cases of road accidents, and the globally growing emphasis on fuel efficiency & environmental sustainability. • Besides, advancements in the IoT (Internet of Things) & connectivity technologies, the introduction of various regulations & safety standards by governments of various countries, and increasing collaborations between tire manufacturers, automotive OEMs, & technology providers are also projected to drive the market in the future. Rapid advancements in technologies have transformed the entire automobile industry. The growing use of MaaS (Mobility-as-a-Service) and CASE clearly indicates the increasing integration of advanced functionalities & features into new vehicles and, consequently, significantly improved functional & operational performance of vehicles & related parts.
Market Segmentation of the Industry By Type of Vehicle– (Passenger Vehicles, Commercial Vehicles) By Demand Type (OEMs, Aftermarket) By Region (North America, South America, Europe, Asia-Pacific,
Competitive Benchmarking Bridgestone Tires, Michelin Tires, Goodyear Tire and Rubber Company, Continental AG, Pirelli, Sumitomo Tires, Hankook Tires, Nokian Tyres, Yokohama Tires, Toyo Tires, Zhongce Rubber, Kumho Tire, Trelleborg AB, MRF Tyres, JK Tyres and Others
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