The latest market intelligence report, titled ‘Global Automotive Smart Tire Market’, is intended to provide the target audience with the necessary information about the global Automotive Smart Tire industry. The report comprises a detailed analysis of the vital elements of the Automotive Smart Tire market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Automotive Smart Tire market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. Therefore, the report, published by Emergen Research, is a detail-oriented compilation of the crucial aspects of the Automotive Smart Tire market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.
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.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Automotive Smart Tire market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Automotive Smart Tire market size
2.2 Latest Automotive Smart Tire market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Automotive Smart Tire market key players
3.2 Global Automotive Smart Tire size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Automotive Smart Tire market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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Regional Overview:
The global Automotive Smart Tire market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Automotive Smart Tire market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Leading companies 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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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. 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
Report Highlights:
- Besides offering a vivid depiction of the global Automotive Smart Tire business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
- The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years.
- The report scrutinizes the salient factors influencing the growth of the market in the near future.
- The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
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