Increasing usage of 5G technology in smart tires is expected to supportautomotive smart tires marketrevenue 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.
The report on the global Automotive Smart Tire market provides a panoramic view of the current market scenario and takes into account the impact of the COVID-19 pandemic on the overall market growth and its key segments. The report offers a crystal clear understanding of the fluctuations in the market dynamics and trends during the projected timeline. The report also considers the factors likely to impact the market growth and overall dynamics of the market. The study also assesses the market growsth over the forecast period of 2020-2027, along with a particular focus on the trends, growth opportunities, trends, restraining factors, and limitations.
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The report is an investigative study that analyzes the production and manufacturing capacities, value chain analysis, pricing analysis, market share, and growth rate of the key manufacturers from 2020 to 2027. The report analyzes the expansion strategies of the businesses in key regions of the world viz., North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report also covers a thorough analysis of the mergers and acquisitions, joint ventures, collaborations, along with an extensive SWOT analysis and Porters Five Forces analysis.
Prominent Players of the Automotive Smart Tire Market 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 Corporation Ltd., Maxxis International, and Interco Tire Corporation.
The report also covers the basics of the Automotive Smart Tire market, along with a thorough analysis of the applications, market overview, product portfolio, manufacturing processes, raw materials, cost analysis, and others. The report further estimates the growth of the market in the key regions of the world with regard to production and consumption ratio, supply and demand dynamics, import/export, trends and demands, and the revenue contribution.
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Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Automotive Smart Tire market
Sales revenue by key players and new entrants
Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight to recent trends and opportunities
Automotive Smart Tire Market segmentation
Vehicle Type Outlook (Revenue, USD Billion; 20182028)
Heavy Duty Truck
Passenger Vehicle
Electric Vehicle
Commercial Vehicle
Features Outlook (Revenue, USD Billion; 20182028)
Connected Tire
Tire Pressure Monitoring System (TPMS)
Others
Technology Outlook (Revenue, USD Billion; 20182028)
Non-pneumatic Tire
Pneumatic Tire
Distribution Channel Outlook (Revenue, USD Billion; 20182028)
Aftermarket
Original Equipment Manufacturer (OEM)
Regional Outlook (Revenue, USD Billion; 20182028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America(Brazil) (Rest of LATAM)
Key Questions Addressed in the Report:
Who are the prominent players of the Automotive Smart Tire market?
What is the expected growth rate of the Automotive Smart Tire market for the forecast timeline?
What are the recent mergers and acquisitions the industry has witnessed?
What are the key factors likely to drive or impede the growth of the market over the projected timeline?
What regions and segments are anticipated to show promising growth over the coming years?
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