Intelligent Tire Market World's Top Players Include: The Goodyear Tire & Rubber Company, Continental AG, Michelin Group, The Yokohama Rubber Company, Limited, Sumitomo Rubber Industries, The Hankook TireGroup, Pirelli & C. S.p.A., and Bridgestone Corporat

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.

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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.

Global Intelligent Tire Market: Competitive Landscape
Key players operating in the global intelligent tire market include, The Goodyear Tire & Rubber Company, Continental AG, Michelin Group, The Yokohama Rubber Company, Limited, Sumitomo Rubber Industries, The Hankook TireGroup, Pirelli & C. S.p.A., and Bridgestone Corporation, ATG Tires, and Apollo Tires Limited.

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Global Intelligent Tire Market: Taxonomy

By Product Type
• Inflatable Tire
• Solid Tire

By Application
• Passenger Cars
• Commercial Vehicle
o Heavy Commercial Vehicle (HCV)
o Light Commercial Vehicle (LCV)

By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

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This release was published on openPR.