Automotive Smart Tire Market Investment Opportunities, Industry Revenue, Share & Trend Analysis Report to 2028

Automotive Smart Tire
Automotive Smart Tire

Increasing usage of new and more advanced materials in tires is a key factor driving market revenue growth

The global automotive smart tires market size reached USD 76.78 billion in 2020 and is expected to register a revenue CAGR of 6.6% during the forecast period, according to latest analysis by Emergen Research. Increasing usage of 5G technology in smart tires is expected to support market revenue growth between 2021 and 2028. Besides, increasing usage of new and more advanced tire materials that can evaluate real-time monitoring of tire conditions will boost revenue growth of the market.

increased significantly. Many companies are combining strategies to sustain in the competitive market. Additionally, tire manufacturers are deploying Internet of Things (IoT) to enhance development of smart tires and increasing implementation of 3D printing for production of automotive smart tires. These advanced technologies being deployed in the automotive industry have been playing a significant role for rising use of AI and research and development of various features offered in smart tires

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Some Key Highlights From the Report

  • Heavy duty truck segment revenue is expected to expand at a substantially rapid CAGR during the forecast period due to rising need for transportation of large volumes of products and large markets with widely available vehicles and parts.
  • Connected tire segment is expected to register a significantly robust revenue growth rate over the forecast period due to increasing deployment of connected and sensor systems which alert driver in case of pressure deflation or puncture and plays a significant role in vehicle and passenger safety.
  • Asia Pacific is expected to register a significantly rapid revenue growth rate over the forecast period due to steady economic growth, increasing demand for connected cars, rising urbanization and population growth, and introduction of various road safety regulations by governments in countries in the region.

Cue Members Interested In Automotive Smart Tire Industry:

The Automotive Smart Tire report also includes a list of the leading players in the market and expounds on their action plans for drawing higher revenues. The leading market players profiled in the 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. Furthermore, a detailed account of the key industry developments, viable market insights, and current market trends is also available in this report.

With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner. Alongside describing the vast competitive landscape of the Automotive Smart Tire market, the report estimates the CAGR for the market during the projected timeframe.

Geographical Terrain of the Global Automotive Smart Tire Market:

  1. North America
  2. Europe Asia Pacific
  3. Latin America
  4. Middle East & Africa

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The report highlights the robust growth trajectory of the global Automotive Smart Tire market, shedding light on significant market development. At the same time, the document offers detailed insights into the pertinent industries, business organizations, and various local and international manufacturers and vendors.

The Automotive Smart Tire market intelligence report talks about the market size, share, value, and production cost analysis over the forecast period 2020-2028. In addition, downstream demand analysis, upstream raw materials, consumption volume, and the market share of all the segments and sub-segments have also been discussed at length in the latest report. According to our analysts, the research methodology of the Automotive Smart Tire market is based on both primary and secondary research data sources.

  • 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
  • Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
    • Aftermarket
    • Original Equipment Manufacturer (OEM)

Alongside offering an in-depth analysis of the recent events that took place in the Automotive Smart Tire industry, such as technological upgradation and new product launches, the report lays stress on the consequences of these events on the market.

Reasons to choose Emergen Research

Regional Demand Forecasts and Forecasts

Product price volatility

Technology update analysis

Location index analysis

Raw material procurement strategy

Competitiveness analysis

Product composition matrix

Vendor management

Cost-effectiveness analysis

Supply chain optimization analysis

The report focuses on the global Automotive Smart Tire market definition, market overview, product scope, description, characterization, and specification. The overall information offered by the report is based on thorough research on the latest market trends, development plans, growth patterns, and regulatory policies.

TOC OF Automotive Smart Tire Industry

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021–2028
Chapter 3. Key Insights
Chapter 4. Automotive Smart Tire Market Segmentation & Impact Analysis
4.1. Automotive Smart Tire Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market driver analysis
4.2.2.1. Rising demand for sensor systems in vehicle tires
4.2.2.2. Increasing usage of Artificial Intelligence in vehicle tires
4.2.2.3. Rising usage of new and advanced tire materials
4.2.2.4. Rising concerns accounting environment and vehicle safety
4.2.3. Market restrains analysis
4.2.3.1. Lack of commercialization and standardization of smart tires
4.2.3.2. Concerns regarding low adoption of automotive smart tires by consumer.
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

Chapter 5. Automotive Smart Tire By Vehicle Type Insights & Trends, Revenue (USD Billion)
5.1. Vehicle Dynamics & Market Share, 2021–2028
5.1.1. Heavy Duty Truck
5.1.2. Passengers Vehicle
5.1.3. Electric Vehicle
5.1.4. Commercial Vehicle

Continue..!!

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