Intelligent Tire Market: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2026: The Goodyear Tire & Rubber Company, Continental AG, Michelin Group, The Yokohama Rubber Company, Limited, Sumitomo Rubber Industries

Intelligent tire is a technology that is integrated in connected cars. Intelligent tire stores information related to wear, temperature, and pressure of tire and the importation is continuously updated and shared with fleet operators. This offers a real-time status for the need for tire servicing, which further aids to extend tire’s life, reduces fuel consumption, and enhances several other performance attributes of cars. Moreover, increasing adoption of battery-less sensor chips is expected to boost growth of the intelligent tire market. Use of battery-less sensor chips in intelligent tires helps to reduce power consumption, which further increases services life of intelligent tires.

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Global Intelligent Tire Market: Regional Insights

The intelligent tire market in Asia Pacific is expected witness highest CAGR over the forecast period. This is owing increasing smart city projects and connected infrastructure initiatives by governments in the region. India and China are major market drivers in the region. For instance, in 2015, ‘100 Smart City’ mission was launched by the Government of India. This connected cars are integrated with various advanced vehicle systems such as ADAS, AEBS, comprehensive vehicle tracking systems, remote controlled systems, and advanced vehicle to everything (V2E) connectivity. Thus, integration of these technologies contributes in reducing road accident in the coming future, which in turns increase the consumer inclination towards purchasing connected cars in future. Hence, increasing demand for connected cars is expected to propel growth of the intelligent tire market in Asia Pacific Region.

Global Intelligent Tire Market: Regional Insights

The intelligent tire market in Asia Pacific is expected witness highest CAGR over the forecast period. This is owing increasing smart city projects and connected infrastructure initiatives by governments in the region. India and China are major market drivers in the region. For instance, in 2015, ‘100 Smart City’ mission was launched by the Government of India. This connected cars are integrated with various advanced vehicle systems such as ADAS, AEBS, comprehensive vehicle tracking systems, remote controlled systems, and advanced vehicle to everything (V2E) connectivity. Thus, integration of these technologies contributes in reducing road accident in the coming future, which in turns increase the consumer inclination towards purchasing connected cars in future. Hence, increasing demand for connected cars is expected to propel growth of the intelligent tire market in Asia Pacific Region.

Global Intelligent Tire Market: Taxonomy

By Product Type

- Inflatable Tire
- Solid Tire

By Application

- Passenger Cars
- Commercial Vehicle

By Region

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

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This release was published on openPR.