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Intelligent Tire Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: August, 2022
No of Pages: 153
Delivery Format: PDF + Excel

$2,950.00

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.         

Intelligent Tire Market Report Scope and Segmentation

ATTRIBUTESDETAILS
ESTIMATED YEAR2022
BASE YEAR2021
FORECAST YEAR2030
HISTORICAL YEAR2017-2021
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

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: 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. Major players such as Goodyear & Rubber Company and Michelin Group are focused on product development strategies in order to gain competitive edge in the market. For instance, in September 2017, the Goodyear Tire & Rubber Company launched intelligent tire for semi-autonomous cars. Intelligent tire includes a sensors and cloud-based algorithms that work together to communicate in real-time with fleet operators via mobile app. The Goodyear intelligent tire allows continuous connectivity and real-time data sharing, thereby enabling optimal tire usage for safer and more cost-efficient mobility and maximized uptime.

Global Intelligent Tire Market: Taxonomy                                                      

By Product Type

  • Inflatable Tire
  • Solid Tire

By Application

  • Passenger Cars
  • Commercial Vehicle
    • Heavy Commercial Vehicle (HCV)
    • Light Commercial Vehicle (LCV)

By Region

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

Table of Contents

Executive summary

  • Overview and key points
  • Prospects for adoption, uptake and growth
  • Determinants of growth
  • Global market outlook

Introduction and methodology

Technology forecasts

  • Introduction
  • Definition of intelligent tire
  • Diagnostic technology
    • TPMS
      • Direct TPMS
      • Indirect TPMS
      • TPMS evolution
    • Other parameters
      • Load
      • Wear
  • Active technology
    • Integration with vehicle systems
    • Intelligent function
      • Self-inflation
      • Adaptation
  • Supporting technology
    • Sensors and power sources
    • RFID

Unmet needs

  • Areas of impact
    • Fuel economy
      • CAFE
        • Passenger car and light truck
        • Fuel economy for medium and heavy trucks
      • Emissions reduction
    • Safety
      • Heavy-duty vehicles
      • Active safety
        • Potential for zero accidents?
      • Performance
      • Maintenance and service
      • Fleet and tire management
      • Telematics, connected vehicles and autonomous cars
  • Market participants
    • tire manufacturers
    • OEMs
    • Government agencies
    • Customers
      • Passenger car drivers
      • Commercial trucking

End-use applications

  • Small passenger and light goods vehicles
    • Fuel economy targets
    • TPMS mandates
    • tire labelling
    • Telematics and connected vehicles
      • Autonomous vehicles
    • Commercial vehicles
  • Large passenger, heavy goods and other vehicles
    • Heavy trucks
      • Tire pressure and fuel costs
      • Safety
      • Emissions
      • Automatic tire inflation systems (ATIS)
    • Off road, mining and industrial
      • Mining
      • Industrial

Research, manufacturing and competitive landscape

  • Research & development
  • Manufacturing
    • Intelligent tire as manufacturing research tool
  • Market participants
    • Tire manufacturers
      • Pirelli
      • Continental
      • Michelin
      • Goodyear
      • Bridgestone
    • Vehicle OEMs

Distribution, sales and marketing

  • Service and support
    • Fleet and tire management
  • Distribution
    • Wholesalers
    • Retailers
    • Independent tire dealers
    • Auto dealerships
    • Tire company-owned stores
    • Other
    • Online retailers
  • Sales and marketing
    • Retailer and consumer education
      • Tire labelling
    • Maintenance and inspection
      • Fleet management

Market forecasts

  • Factors affecting uptake
    • OEM adoption
    • Complementary developments
      • Telematics and connected/autonomous vehicles
    • Pricing
      • Passenger cars and light trucks
      • Medium- heavy-duty trucks and other
    • Consumer acceptance
      • Passenger cars and light trucks
      • Medium- heavy-duty trucks and other
    • Competing technologies
    • Regulation and legislation
  • Market penetration forecasts to 2025
    • Vehicle type
      • Passenger and light commercial vehicles
      • Large passenger, medium and heavy duty trucks and other tires
    • Channel
      • Original equipment
      • Replacement
    • Geographic regions
      • North America
      • Europe
      • Asia Pacific

Segmentation

By Product Type

  • Inflatable Tire
  • Solid Tire

By Application

  • Passenger Cars
  • Commercial Vehicle
    • Heavy Commercial Vehicle (HCV)
    • Light Commercial Vehicle (LCV)

Major Companies

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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