Smart Tire Market | [2030] Exploring Potential, Growth, Future & Trends

According to the TechSci Research report, "𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐦𝐚𝐫𝐭 𝐓𝐢𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭-𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐢𝐳𝐞, 𝐒𝐡𝐚𝐫𝐞, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭, 𝟐𝟎𝟏𝟖-𝟐𝟎𝟑𝟎𝐅", the Global Smart Tire Market is anticipated to grow at a decent rate in the forecast year 2023-2030. The demand for smart tires is generally limited to passenger cars, many tire manufacturers companies like Bridgestone Corporation, Continental AG, Goodyear Tire & Rubber Co, etc. have been working actively on passenger car tires in order to integrate them with temperature and pressure sensors. As more and more cars are outfitted with automated information systems, tire manufacturers see several prospects in connected fleet systems. As they would be connected to the Vehicle Information System, the tire would entirely contribute to the overall vehicle. Manufacturers and fleet managers of commercial vehicles are increasingly using Radio Frequency Identification (RFID) to track the life cycle of their tires by collecting data on tread depth, tire pressure, temperature, and tire condition.

The global smart tire market is segmented into seven segments based on vehicle type, product type, sensor type, technology type, vehicle propulsion type, and distribution channel.

According to the government data globally, the total number of tire sales was around 2073.95 million units in the year 2021, and the sales of total tires in the Asia Pacific region was around 1029.44 million units in the year 2021. Globally Asia Pacific accounts for the highest market share in the Global Tire Market, as in this region many tire companies opened their manufacturing plants, and the sales of all vehicle types in this region went high compared to the world.

𝑮𝒍𝒐𝒃𝒂𝒍𝒍𝒚 𝒕𝒉𝒆 𝒕𝒐𝒕𝒂𝒍 𝒏𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒕𝒊𝒓𝒆 𝒔𝒂𝒍𝒆𝒔 𝒊𝒏 2021 𝒘𝒂𝒔 𝒂𝒓𝒐𝒖𝒏𝒅 2073.95 𝒎𝒊𝒍𝒍𝒊𝒐𝒏 𝒖𝒏𝒊𝒕𝒔. 𝑻𝒉𝒆 𝒔𝒂𝒍𝒆𝒔 𝒐𝒇 𝒂𝒍𝒍 𝒕𝒚𝒑𝒆𝒔 𝒐𝒇 𝒕𝒊𝒓𝒆𝒔 𝒇𝒓𝒐𝒎 𝒕𝒉𝒆 𝑵𝒐𝒓𝒕𝒉 𝑨𝒎𝒆𝒓𝒊𝒄𝒂 𝒓𝒆𝒈𝒊𝒐𝒏 𝒊𝒏 𝒘𝒉𝒊𝒄𝒉 𝒄𝒐𝒖𝒏𝒕𝒓𝒚 𝒊𝒏𝒄𝒍𝒖𝒅𝒊𝒏𝒈 𝒕𝒉𝒆 𝑼𝒏𝒊𝒕𝒆𝒅 𝑺𝒕𝒂𝒕𝒆𝒔, 𝑪𝒂𝒏𝒂𝒅𝒂, 𝒂𝒏𝒅 𝑴𝒆𝒙𝒊𝒄𝒐 𝒂𝒄𝒄𝒐𝒖𝒏𝒕 𝒇𝒐𝒓 𝒂𝒓𝒐𝒖𝒏𝒅 406.05 𝒎𝒊𝒍𝒍𝒊𝒐𝒏 𝒖𝒏𝒊𝒕𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒚𝒆𝒂𝒓 2021. 𝑻𝒉𝒆 𝒅𝒆𝒎𝒂𝒏𝒅 𝒐𝒇 𝒔𝒂𝒍𝒆𝒔 𝒇𝒐𝒓 𝒕𝒊𝒓𝒆𝒔 𝒊𝒏 𝒕𝒉𝒆 𝑵𝒐𝒓𝒕𝒉 𝑨𝒎𝒆𝒓𝒊𝒄𝒂 𝒓𝒆𝒈𝒊𝒐𝒏 𝒄𝒐𝒎𝒆𝒔 𝒇𝒓𝒐𝒎 𝒕𝒉𝒆 𝒅𝒊𝒔𝒕𝒓𝒊𝒃𝒖𝒕𝒐𝒓 𝒆𝒏𝒅 𝒂𝒏𝒅 𝒇𝒓𝒐𝒎 𝒕𝒉𝒆 𝑶𝑬𝑴𝒔 (𝑶𝒓𝒊𝒈𝒊𝒏𝒂𝒍 𝑬𝒒𝒖𝒊𝒑𝒎𝒆𝒏𝒕 𝑴𝒂𝒏𝒖𝒇𝒂𝒄𝒕𝒖𝒓𝒆𝒓𝒔).

𝐁𝐫𝐨𝐰𝐬𝐞 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝐗𝐗 𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐚𝐭𝐚 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐬𝐩𝐫𝐞𝐚𝐝 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐗𝐗 𝐏𝐚𝐠𝐞𝐬 𝐚𝐧𝐝 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐓𝐎𝐂 𝐨𝐧 "Smart Tire Market " @ https://www.techsciresearch.com/report/smart-tire-market/14547.html

The development of technology found in all kinds of auto parts has increased with the growth of linked and autonomous driving. Automotive OEMs have recently turned their attention to tires as they struggle to keep up with the new technology that is now present in both autonomous and conventional vehicles. Smart tires, which have sensors implanted in the tire's inner lining and offer consumers a wealth of data beyond what the Tire Pressure Monitoring System (TPMS) can deliver, are an inevitable evolution. These sensors can indicate when a tire needs to be replaced and provide information about harsh and hazardous tire conditions.

In today's vehicles, the growing interconnection has resulted in massive data creation. In terms of the information necessary for the next generation of tires to operate properly, the TPMS has likewise reached its limit. The necessity of creating smart tires has increased because of deadly traffic accidents caused by under-inflated or worn-out tires. Major tire producers are also developing smart tires that use software platforms and Internet of Things (IoT) connected sensors to track tire performance, including Bridgestone, Goodyear, and Michelin. IoT technologies are rapidly spreading throughout the automotive industry, and the addition of 5G communication technology will make it possible for reliable data transmission between the tire and the car.

Advanced pressure and temperature sensors are integrated into tires with temperature and pressure sensors, which provide the temperature and pressure of the tire. The tire's heat and cold energy production are measured by the temperature sensor. The need for tires with temperature and pressure sensors is a result of the expanding usage of sophisticated technology and sensors in vehicles, as well as the growing importance of vehicle safety. Vehicle tires have benefited greatly from technological developments, which have contributed to the market's expansion. Several automakers have recently begun equipping their high-end automobile tires with built-in sensors. Infineon Technologies AG, NXP Semiconductors, and Schrader TPMS Solutions are a few of the leading manufacturers of TPMS sensor systems.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐦𝐚𝐫𝐭 𝐓𝐢𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:
1. Continental AG
2. Bridgestone Corporation
3. The Michelin Group
4. The Goodyear Tire & Rubber Co
5. Pirelli & C. S.p.A
6. The Yokohama Rubber Company, Limited
7. Hankook Tire & Technology Co., Ltd
8. Nokian Tyres Plc
9. Toyo Tire Corporation
10. JK Tyres & Industries Ltd

𝐓𝐨 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐑𝐄𝐄 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭📥 @ https://www.techsciresearch.com/sample-report.aspx?cid=14547

𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐜𝐚𝐧 𝐚𝐥𝐬𝐨 𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭.

"Many companies are investing in the research and development department, for the innovation and improvement of smart tire. The investment will help in the research and development of the smart tire for a better driving experience and for the vehicle's safety. The investment by the major tire manufacturing companies will help to make smart tires easily available for the buyers in the market which will further help in driving the Global Smart Tire Market in the coming year. "said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

"𝐒𝐦𝐚𝐫𝐭 𝐓𝐢𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐢𝐳𝐞, 𝐒𝐡𝐚𝐫𝐞, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲, 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭, 𝟐𝟎𝟏𝟖-𝟐𝟎𝟑𝟎𝐅 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐛𝐲 𝐒𝐞𝐧𝐬𝐨𝐫 𝐓𝐲𝐩𝐞 (𝐓𝐏𝐌𝐒, 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐨𝐦𝐞𝐭𝐞𝐫 𝐒𝐞𝐧𝐬𝐨𝐫, 𝐒𝐭𝐫𝐚𝐢𝐧 𝐆𝐚𝐮𝐠𝐞 𝐒𝐞𝐧𝐬𝐨𝐫, 𝐑𝐅𝐈𝐃 𝐂𝐡𝐢𝐩, 𝐎𝐭𝐡𝐞𝐫 𝐒𝐞𝐧𝐬𝐨𝐫𝐬), 𝐁𝐲 𝐄𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 (𝐏𝐧𝐞𝐮𝐦𝐚𝐭𝐢𝐜 𝐓𝐢𝐫𝐞, 𝐑𝐮𝐧-𝐅𝐥𝐚𝐭 𝐓𝐢𝐫𝐞, 𝐍𝐨𝐧-𝐏𝐧𝐞𝐮𝐦𝐚𝐭𝐢𝐜 𝐓𝐢𝐫𝐞), 𝐁𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐲𝐩𝐞 (𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬, 𝐏𝐚𝐬𝐬𝐞𝐧𝐠𝐞𝐫 𝐂𝐚𝐫𝐬), 𝐁𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐏𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧 (𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬, 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬), 𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 (𝐎𝐄𝐌, 𝐀𝐟𝐭𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭), 𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞 (𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐞𝐝 𝐓𝐢𝐫𝐞, 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐓𝐢𝐫𝐞/𝐓𝐏𝐌𝐒) 𝐚𝐧𝐝 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧 𝐡𝐚𝐬 𝐞𝐯𝐚𝐥𝐮𝐚𝐭𝐞𝐝 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐦𝐚𝐫𝐭 𝐓𝐢𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐧𝐝 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐬 𝐬𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 & 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞, 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞, 𝐚𝐧𝐝 𝐟𝐮𝐭𝐮𝐫𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐠𝐫𝐨𝐰𝐭𝐡. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Smart Tire Market.

𝐘𝐨𝐮 𝐦𝐚𝐲 𝐚𝐥𝐬𝐨 𝐫𝐞𝐚𝐝:
𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞 [𝐋𝐚𝐭𝐞𝐬𝐭] & 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 @ https://www.techsciresearch.com/report/autonomous-vehicle-market/14509.html

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐒𝐡𝐚𝐫𝐞𝐝 𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 [𝟐𝟎𝟑𝟎], 𝐊𝐞𝐲 𝐓𝐞𝐫𝐦𝐬 @ https://www.techsciresearch.com/report/asia-pacific-shared-mobility-market/14671.html

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐅𝐮𝐞𝐥 𝐂𝐞𝐥𝐥 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 & 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭[2030] @ https://www.techsciresearch.com/report/asia-pacific-fuel-cell-electric-vehicle-market/14546.html

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭-𝐒𝐦𝐚𝐫𝐭 𝐓𝐢𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

Research Methodology
2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

Executive Summary
3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

Impact of COVID-19 on Global Smart Tire Market
4.1. Impact Assessment Model

4.1.1. Key Segments Impacted

4.1.2. Key Regions Impacted

4.1.3. Key Countries Impacted

4.1.4. Key Distribution Channel Impacted

Voice of Customer
5.1. Brand Recall (Unaided and Aided)

5.2. Factors Influencing Purchase Decision

5.3. Brand Satisfaction Level

Smart Tire Market Outlook, FY2018-FY2030F
Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Product Type (Connected Tire, Intelligent Tire/TPMS)

6.2.2. By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

6.2.3. By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

6.2.4. By Vehicle Type (Passenger Car, and Commercial Vehicle)

6.2.5. By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

6.2.6. By Distribution Channel (OEMs, Aftermarket)

6.2.7. By Region (Europe, North America, Asia-Pacific, South America, Middle East & Africa)

6.2.8. By Company (2022)

6.3. Global Smart Tire Market Mapping and Opportunities

6.3.1. Market Mapping and opportunity By Product Type

6.3.2. Market Mapping and opportunity By Sensor Type

6.3.3. Market Mapping and opportunity By Technology

6.3.4. Market Mapping and opportunity By Vehicle Type

6.3.5. Market Mapping and opportunity By Vehicle Propulsion

6.3.6. Market Mapping and opportunity By Distribution Channel

6.3.7. Market Mapping and opportunity By Region

𝐂𝐨𝐧𝐭𝐚𝐜𝐭
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TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries.

This release was published on openPR.