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Automotive Smart Tire Market Size will Expand by 7.5% to Reach $161.6 Billion by 2030

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Given the effects of the COVID-19 pandemic, the global Automotive Smart Tire Market will expand by 7.5% yearly between 2020–30 to reach $161.6 billion by 2030. Over the projected years, it is expected that the unit shipment of automobile smart tyres would increase by 8.6% yearly. The market is propelled by the rising demand for electric cars, the quick development of connected and autonomous vehicles, the use of artificial intelligence (AI), and the rollout of 5G networks.

This 181-page report, titled “Global Automotive Smart Tire Market 2020-2030 by Product (Connected Tire, Intelligent Tire/TPMS), Engineering Technology (Pneumatic, Run-Flat, Non-Pneumatic), Vehicle Type (Commercial, Passenger), Vehicle Propulsion (Conventional, EV), Distribution Channel (OEMs, Aftermarket), and Region: Trend Forecast and Growth Opportunity,” is the result of an extensive analysis of the entire global automotive smart tyre market.

Premium primary and secondary information sources are used to create in-depth research and evaluation, with input coming from business specialists working throughout the value chain. The report uses studies from 2017 to 2019 as its foundation and uses 2019 as the base year for estimates for 2020 and forecasts from 2021 to 2030. (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).

Request Research Sample with Latest Industry Insights (181+ Pages Report): https://altusmarketresearch.com/reports/sample/29688

The following elements are identified and examined in-depth qualitative analyses:

Porter’s Five Forces: Automotive Smart Tire Market Structure, Growth Drivers, Obstacles and Challenges, Emerging Product Trends and Market Opportunities

By taking COVID-19 into consideration, the trend and prognosis for the global market are predicted with an upbeat, fair-minded, and cautious viewpoint. The worldwide automotive smart tyre market is quantified from all angles, including product, sensor, engineering technology, vehicle type, vehicle propulsion, distribution channel, and region, using the balanced (most likely) projection.

The worldwide market is divided into the following sub-markets based on product, each of which includes annual revenue ($ mn) and annual shipping (million units) figures for 2019–2030.

• Intelligent Tire/TPMS • Connected Tire

The worldwide Automotive Smart Tire Market is divided into the following sub-markets according to Sensor, with annual revenue ($ mn) for each part for the years 2019 to 2030 mentioned.

Accelerometer sensor, strain gauge sensor, RFID chip, and other sensors including TPMS.

The worldwide market is divided into the following sub-markets based on Engineering Technology, with annual revenue ($ mn) for 2019–2030 mentioned in each area.

Run-Flat tyres, pneumatic tyres, and non-pneumatic tyres

The worldwide Automotive Smart Tire Market is divided into the following sub-markets according to vehicle type, with annual revenue ($ mn) and annual shipment (million units) for 2019–2030 provided in each area.

• Passenger Cars; Commercial Cars

The worldwide market is divided into the following sub-markets based on vehicle propulsion, with annual revenue ($ mn) and annual shipment (million units) for 2019–2030 provided in each sector.

Electric and conventional vehicles both exist (EV)

The worldwide Automotive Smart Tire Market is divided into the following sub-markets based on distribution channel, with annual revenue ($ mn) and annual shipment (million units) for 2019–2030 provided in each area.

OEMs and the aftermarket

Along with the above national/local markets, the following geographic areas are thoroughly investigated:

• America, North (U.S., Canada, and Mexico)
In Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
Latin America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each of the aforementioned regions and nations, comprehensive analysis and statistics are given for 2019–2030 for yearly revenue ($ mn) and demand volume (million units). All regional markets are broken down by country, and major national markets are divided according to product, vehicle type, and distribution channel during the course of the predicted years.

The Automotive Smart Tire Market study also analyses the present competition landscape, the anticipated trend, and it provides profiles of major suppliers, including both established market leaders and significant up-and-coming companies.

Key Players (this list may not be exhaustive; other businesses may be included upon request):

Corporation Continental AG Bridgestone
Incorporated is Hankook Tire & Technology Co.
Technology Infineon AG
JK Tyres & Industries Limited
Nexen Tire Corporation, Nokian Tyres Plc., and the Michelin Group.
Pirelli & C. S.p.A., NXP Semiconductors, Revvo Technologies, Inc.
TPMS Solutions by Schrader
The Sumitomo Rubber Industries, Ltd.
A goodyear tyre and rubber company
Toyo Tire Corporation The Yokohama Rubber Company, Limited Yokohama Rubber Co., Ltd.

(Please note that the report will be updated before to delivery to ensure that the forecast includes at least 5 years beyond the base year and the most recent historical year serves as the base year.)

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