The Global Automotive Smart Tire Market is projected to witness a significant increase in the revenue generation and is expected to register a CAGR of in the forecast period of 2019-2028. The report further segments the Automotive Smart Tire industry into types of products offered by the market and application spectrum. The report is a comprehensive guide to gain insightful information about market dynamics, current and emerging trends, product portfolio, growth prospects, competitive landscape, and consumer behavior. The report also offers insights to help readers formulate strategic investment and business expansion plans.
The study offers both quantitative and qualitative analysis of the global Automotive Smart Tire market. The data is garnered through stringent primary and secondary research and further validated and verified through industry veterans and experts.
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The report also takes into consideration the effect of the different restrictions imposed in different regions on the Automotive Smart Tire industry and its key segments. It also offers a current and future impact analysis of the pandemic on the overall Automotive Smart Tire market.
Major companies in the market report include Continental AG, Bridgestone Corporation, The Goodyear Tire & Rubber Co., Sumitomo Rubber Industries Ltd, Pirelli & C. S.p.A., Toyo Tire Corporation, Nexen Tire Corporation, JK Tyre Corporation Ltd., Maxxis International, and Interco Tire Corporation.
The global Automotive Smart Tire market report analyzes the current trends of the market, along with the barriers expected to rise during the forecast estimation for 2020-2028. The report offers the growth spectrum of the key companies and utilizes the key statistical tools for the evaluation of the various elements of the industry to offer an accurate growth forecast.
Automotive Smart Tire Segmentation based on Key Geographical Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report further segments the Automotive Smart Tire industry into types of products offered by the market and application spectrum. Additionally, it offers an extensive regional analysis of the Automotive Smart Tire market with respect to production and consumption ratio, supply and demand, consumer behavior, import/export, market share, and market size, revenue contribution, and the analysis of key players operating in the industry.
- Vehicle Type Outlook (Revenue, USD Billion; 2018–2028)
- Heavy Duty Truck
- Passenger Vehicle
- Electric Vehicle
- Commercial Vehicle
- Features Outlook (Revenue, USD Billion; 2018–2028)
- Connected Tire
- Tire Pressure Monitoring System (TPMS)
- Others
- Technology Outlook (Revenue, USD Billion; 2018–2028)
- Non-pneumatic Tire
- Pneumatic Tire
Key Questions Addressed in the Report:
- Who are the leading players of the Automotive Smart Tire industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of the Automotive Smart Tire market?
- Which segment is expected to garner traction during the coming years?
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Market ScopeThe global automotive smart tire market is estimated to reach USD 2254.49 million by 2025 registering a CAGR of 16.10% during the forecast period.
This is influenced by the focus of automotive manufacturers to leverage on data and analytics to improve their tires.
Metrics such as load detection, tread wear & depth, pressure & temperature, and road conditions can be used in gleaning useful insights and start new trends in tire development.Smart tires made for the automotive industry make the use of sensors for gauging the tire pressure, driving behavior, and other vehicle dynamics.
The global automotive smart tire market report by Market Research Future (MRFR) comprises drivers and challenges for the period of 2019 to 2025 (forecast period) which can shape the future of the automotive industry.
The COVID-19 pandemic and its impact on the production and value chain are included in the report.Investments in internet of things (IoT) sensors for extending tire shelf life and fuel efficiency can spur the global automotive smart tire industry.
The need to protect fleet drivers and improve logistical inconsistencies can drive the smart tire demand over the forecast period.
