Automotive Smart Tire Market: A Complete Guide for Investors and Researchers 2028

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

Emergen Research has recently published a detailed report on the global Automotive Smart Tire market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Automotive Smart Tire market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Automotive Smart Tire market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions. A business seeking new sources of income will find this research quite helpful in gaining a comprehensive understanding of the market and its dynamics. It is also useful for companies seeking new markets to enter or expand their current operations.

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 report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

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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.

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?

The leading market contenders listed in the report are:

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

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Regional Outlook of the Automotive Smart Tire Market

The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

Regional Analysis Covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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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