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The increasing demand for next-generation aircraft in both commercial and military sectors, along with a rise in aircraft procurement is expected to fuel market growth. The growing number of air travelers is also contributing to the demand for new aircraft, consequently driving the need for aircraft tires. Additionally, investments by the air defense sector in response to rising geopolitical tensions are anticipated to further fuel the market growth during the forecast period.

According to a research report from MarketsandMarkets, the advanced tires market size is estimated to grow from USD 1.3 billion in 2023 to reach USD 3.2 billion by 2030 at a CAGR of 14.4% over the forecast period.

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%, according to a new report by MarketsandMarkets™. Growing demand for road safety, increased vehicle features are driving the demand for connected tires. With features like tire pressure monitoring, tread wear analysis, and temperature sensing, connected tires offer enhanced safety on the road. Drivers and fleet managers can receive timely alerts and notifications about tire issues, enabling them to take immediate action and prevent accidents. Additionally, connected tires can contribute to vehicle security by providing valuable data for tracking and recovering stolen vehicles.

The global conductive silicone rubber market is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2023 – 2035. The global conductive silicone rubber market size is expected to reach ~USD 30 Billion by the end of 2035.

The global automotive silicone market size is projected to reach USD 3.1 billion by 2027 growing at a CAGR of 7.1% from 2022 to 2027, as per the recent study by MarketsandMarkets™. Rising demand from emerging markets and growth of transportation industry globally are driving the market for automotive silicone.