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The global connected tire market is estimated to reach US$ 420.8 Mn by 2031 due to the rise in adoption of advanced technology, such as telematics and ADAS, in the automotive industry to increase on-road safety of vehicles. Connected tires are next-gen components which are integrated with Internet of Things (IoT) and sensors to assist safe driving. They are widely used in autonomous and connected vehicles and are equipped with tire-pressure monitoring systems, temperature control systems, and predictive analytics. Predictive analytics can prevent unplanned repair costs, extend service life, and increase safety.