The latest research report by Emergen Research, named 'Global Automotive Smart Tire Market ', entails a comprehensive review of the global Automotive Smart Tire market's present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimates over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focusing on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Automotive Smart Tire industry, particularly the current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Automotive Smart Tire industry is a major attraction of the report.
The global health emergency has disrupted the global economy, thereby disrupting this particular business domain's functioning mechanism. It assesses the current market scenario and forecasts the pandemic's aftermath in this business sector to help organizations boost their COVID-19 preparedness. The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Automotive Smart Tire market position on a global level. The detailed insights into the market's geographical spectrum offered by the report make it an excellent source of knowledge about the Automotive Smart Tire industry.
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 the 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 played a significant role for increasing use of AI and research and development of various features offered in smart tires.
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Market Taxonomy:
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2:
Executive Summary
- Business trends
- Regional trends
- Product trends
- End-use trends
Chapter 3:
Industry Insights
- Industry segmentation
- Industrial landscape
- Vendor matrix
- Technological and innovation landscape
Chapter 4:
Regional Landscapes
Chapter 5:
Company Profile
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
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Global Automotive Smart Tire Market Report - Segmental Analysis:
The global Automotive Smart Tire business vertical has been extensively categorized on the basis of product type, application gamut, end-user industries, and a competitive overview. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further estimates the prospective growth of the leading regional segments of the market, which is beneficial for readers to gain impactful insights into the Automotive Smart Tire business sector. A clear outline of the competitive landscape of the market is expected to help businesses involved in this sector decipher the optimal business moves to achieve their desired business goals.
Vehicle Type Outlook (Revenue, USD Billion; 2018–2028)
- Heavy Duty Trucks
- Passenger Vehicles
- Electric Vehicles
- Commercial Vehicles
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 Tires
Competitive Outlook:
This section of the report performs a thorough investigation into the intensely competitive landscape of the global Automotive Smart Tire market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant. The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgrades. Moreover, the report studies the notable business events observed in this industry, such as mergers & acquisitions, joint ventures, partnerships, corporate deals, and brand promotions. The key industry participants include:
Continental AG, Bridgestone Corporation, The Goodyear Tire & Rubber Co., Sumitomo Rubber Industries Ltd., Pirelli & CSpA, Toyo Tire Corporation, Nexen Tire Corporation, JK Tire & Industries Ltd., Maxxis International, Interco Tire Corporation
Unfolding the prime factors prompting global market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Automotive Smart Tire market into a broad product spectrum.
- The study covers essential data related to these products' application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report's key market highlights.
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