Advance: Key Drivers and Opportunities in the Automotive Smart Tire Market
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 is formulated with the updated and latest information of the global Automotive Smart Tire market further validated and verified by the industry experts and professionals. The Global Automotive Smart Tire Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Automotive Smart Tire market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
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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.
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
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? Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/automotive-smart-tire-market
Emergen Research has segmented the global Automotive Smart Tire market on the basis of type, type of care, 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 In conclusion, the Automotive Smart Tire Market report is an exhaustive database that will help readers formulate lucrative strategies. The Automotive Smart Tire Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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