Automotive Smart Tire Market (1)

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Automotive Smart Tire Market Size Worth USD
126.91 Billion in 2028
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Increasing usage of new and more advanced
materials in tires is a key factor driving market
revenue growth
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
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. Currently,
demand for 5G automated technology and tire
pressuring monitoring systems for automotive
smart tires has 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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Market Summary
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. 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. Request Free Sample
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le/838
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Market Summary
Emergen Research has segmented global automotive
smart tire Market on the basis of vehicle type,
features, technology, distribution Channel, and
region Vehicle Type Outlook (Revenue, USD
Billion 20182028) Heavy Duty Truck Passenger
Vehicle Electric Vehicle Commercial
Vehicle Features Outlook (Revenue, USD Billion
20182028) Connected Tire Tire Pressure
Monitoring System (TPMS) Others Technology
Outlook (Revenue, USD Billion 20182028) Non-pneu
matic Tire Pneumatic Tire Distribution Channel
Outlook (Revenue, USD Billion 20182028) Aftermar
ket Original Equipment Manufacturer (OEM) Read
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ort/automotive-smart-tire-market
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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