Connected tyre market to reach $179 million in 2029
The Smithers research forecasts the value of the connected tyre market in 2029, but who knows what the cyber tyre segment will look like in 50 years from now… (Image: Tyre Industry Publications Ltd)
Worldwide sales of connected tyres will top 91,000 units for the first time in 2024, achieving a value of $23.23 million, according to research by Smithers. Across the next five years, value is expected increase rapidly at a compound annual growth rate (CAGR) of 50.5 per cent driving value to $179.51 million in 2029, at constant prices. During the same period, volume is expected to climb to 871,000 units.
Comments closed
Comments