Automotive Smart Tire Market With Leading Players of in-depth Analysis 2028

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

As part of Emergen Research's Global Automotive Smart Tire Market Research Report, key business details and extensive geographical spread of the Automotive Smart Tire industry have been analyzed. As well as a comprehensive qualitative and quantitative analysis, the study contains crucial statistics about the Automotive Smart Tire market. Reports about the global Automotive Smart Tire market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfolios. The report also highlights the most important factors influencing industry revenue growth, including drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, strict regulatory frameworks, and a multitude of micro-economic and macro-economic factors.

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.

This report is a fair prototype of the Automotive Smart Tire-industry containing an in-depth study of the global Automotive Smart Tire market. This report serves as a valuable source of data and information related to this industry. It covers various industry aspects with a particular focus on market scope and application areas. The report identifies the fundamental business strategies adopted by industry experts and offers an insightful study on the value chains and distribution channels of the global market. The report authors have also analyzed current industry trends, growth potential, current overview, and market limitations.

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You need to discover how this will impact the Automotive Smart Tire market today, and over the next 10 years:

  • Our 250-page report provides 194 tables and 189 charts/graphs exclusively to you.
  • The report highlights key lucrative areas in the industry so you can target them – Now.
  • It contains in-depth analysis of global, regional and national sales and growth.
  • It highlights for you the key successful trends, changes and revenue projections made by your competitors.

Market Overview:

The report bifurcates the Automotive Smart Tire market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

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Competitive Terrain:

The global Automotive Smart Tire industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Market Segmentations of the Automotive Smart Tire Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the forecast period. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Automotive Smart Tire market on the basis of product, application, and region:

Segments Covered in this report are:

  • 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

Leading Market Players Profiled in the Report:

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 & Industries Ltd., Maxxis International, Interco Tire Corporation

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Regional Outlook:

  • North America (the U.S., Canada, Mexico)
  • Europe (the U.K., Germany, France, Italy)
  • Asia Pacific (India, China, Japan, Korea)
  • Latin America (Brazil, Argentina, Ecuador, Chile)
  • Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)

Information found nowhere else

With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Emergen Research study is for everybody needing commercial analyses for the Automotive Smart Tire Market, market-leading companies. You will find data, trends and predictions.

Research Report on the Automotive Smart Tire Market Addresses the Following Key Questions:

  • Who are the dominant players of the Automotive Smart Tire market?
  • Which regional market is anticipated to have a high growth rate over the projected period?
  • What consumer trends and demands are expected to influence the operations of the market players in the Automotive Smart Tire market?
  • What are the key growth drivers and restraining factors of the Automotive Smart Tire market?
  • What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
  • What is the overall impact of the COVID-19 pandemic on the Automotive Smart Tire market and its key segments?

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