Automotive Smart Tire Market Scope & Overview:
With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic assessment of Automotive Smart Tire market circumstances in the near future, the research report keeps a close eye on significant competitors. It's a thorough examination of fundamental and secondary drivers, market share, leading segments, and regional analysis. Primary research with industry professionals and opinion leaders from around the world backed up the findings. Various market estimation and data validation approaches are used to compile and validate the data. We also have an in-house data forecasting process that we utilize to forecast market growth.
The Automotive Smart Tire market research report includes detailed information on rising trends, market drivers, development opportunities, and market restraints that may have an impact on the industry's market dynamics. It includes product, application, and competition analyses, as well as a thorough examination of market segments. The study looks at important players, key collaborations, mergers and acquisitions, as well as contemporary innovation and corporate policy. New product launches, untapped geographies, current advances, and investments are all highlighted in this market study. This research contains detailed information on profitable growing markets as well as a market penetration analysis of mature categories.
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Key Companies Listed in Automotive Smart Tire Market are:
Goodyear Tire & Rubber Co (USA), NEXEN TIRE Corporation (Korea), Continental AG (Germany), Michelin Group (France), Bridgestone Corporation (Japan), Sumitomo Rubber Industries, Ltd. (Japan), and Pirelli & C. S.p.A. (Italy)
Market Segmentation
Based on previous estimations, the study's goal is to project market sizes for specific categories and geographies in the coming years. The Automotive Smart Tire market research is designed to offer both qualitative and quantitative information on the industry in each of the study's areas and countries. The research will also include a thorough evaluation of the competitive landscape and large firms' product offerings, as well as micro market investment potential for stakeholders.
Major Segments & Sub-Segments Listed in this report are:
By Product:
- Connected Tire
- Intelligent Tire/TPMS
By Engineering Technology:
- Pneumatic Tire
- Run-Flat Tire
- Non-Pneumatic Tire
By Vehicle Type:
- Commercial vehicles
- Passenger cars
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Competitive Scenario
This study examines the competition landscape, capacity, and recent developments such as mergers, acquisitions, and investments of the following key competitors in the global Automotive Smart Tire market. The research includes a SWOT analysis as well as a complete industry analysis based on Porter's five forces model. It compares how different market players devise their strategies to stay ahead of their competition and generate higher revenues.
Key Objectives of Market Research Report
- The report contains a wealth of information, including market dynamics and opportunities for the forecast period.
- There are significant player shares, new innovations, and tactics in the competitive scene.
- Information on key Automotive Smart Tire market segments and sub-segments, including quantitative, qualitative, value, and volume data.
- Data on demand and supply forces, as well as their impact on the market, can be acquired at the regional, sub-regional, and country levels.
Table of Contents -Major key Points:
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Global Automotive Smart Tire Market Segmentation, By Product
- Global Automotive Smart Tire Market Segmentation, By Engineering Technology
- Global Automotive Smart Tire Market Segmentation, By Vehicle Type
- Regional Analysis
- Company Profiles
- Competitive Landscape
- Conclusion
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The global automotive smart tire market is expected to exhibit a robust 18.5% CAGR over the forecast period from 2018 to 2023, according to the latest research report published by Market Research Future (MRFR).
The increasing demand for smart technology in automotive applications in order to provide information about various factors related to vehicle safety and driving comfort is likely to be the major driver for the global automotive smart tire market over the forecast period.Automotive smart tires are tires that incorporate sensors to provide data about various attributes such as the road surface, the grip level of the tires, the heat generated in the tires at any given moment, and other performance attributes.
The growing demand from the automotive smart tire market is mainly driven by the growing ease of integrating IoT and other connectivity tech into automotive design, enabling data monitoring in areas of the vehicle that have thus far remained inaccessible.
However, the absence of connectivity solutions meant that tire performance could only be judged manually.
The inherent inaccuracy in manual testing and the convenience of smart tire technology is likely to drive the automotive smart tire market over the forecast period.A number of vehicles, especially premium sports cars and SUVs, now have electronic systems that allow the driver to change the vehicle’s grip and performance patterns to suit different surfaces.
Rather than the driver having to change the settings, which can result in hampered performance due to manual error, smart tires can make these decisions on their own, allowing the driver to focus on driving the vehicle regardless of the driving surface.
