Dublin, April 18, 2023 (GLOBE NEWSWIRE) -- The "Growth Opportunities in the Connected Tire Market - Europe and North America" report has been added to ResearchAndMarkets.com's offering.
The study analyzes the connected tire market in North America and Europe from multiple dimensions and aspects, such as the connected tire ecosystem, its value propositions to customers, TCO and cost benefit analyses, and identifies relevant key mandates and regulations.
The research also provides exhaustive analysis on potential growth opportunities under multiple parameters, such as opportunities by vehicle type, application type, revenue opportunities by hardware and service types.
The connected tire market is in the nascent stage but is all set to grow in the upcoming years, powered by the uptake of TPMS, ADAS regulations, and advancing customer demands. Global tire manufacturers are investing in connected tire technologies to develop tire solutions and applications that cater to the future demands of customers in the evolving automobile industry.
Increasing focus on connectivity, IoT, AI, and new business models are ushering innovative connected tire use cases and value propositions to customers. Tires play a meaningful part in the commercial vehicle industry because of their substantial contribution to ROI. It is imperative that our tires become smarter along with our vehicles, to draw maximum synergies from the vehicle ecosystem.
The research offers detailed profiles of Bridgestone, Continental, Goodyear, Michelin, and Pirelli. Tire companies developing tech platforms, primarily digital platforms, robust security protocols, and extensive reporting features will gain the first-mover advantage with OEMs and autonomous tech companies. Innovative business models and Mega Trends are captured holistically to highlight key topics, such as tire-as-a-service, technology convergence, and tire manufacturer partnerships with service providers.
The author predicts that connected tires will be the norm presently and will find new use cases with the onset of electrification and autonomous driving. Intelligent tires that communicate with the vehicle and infrastructure will soon become a commodity rather than a luxury.
Key Topics Covered:
1. Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative
- The Impact of the Top Three Strategic Imperatives on Connected Tire Industry
- Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Environment
- Growth Metrics
- Competitive Environment
- Key Predictions
- Market Evolution
- Benchmarking of Key Players
- Multichannel Approach
- Frequency of Tire Data
- Opportunity by Vehicle Type
- Opportunity by Application Type
3. Research Scope and Objectives
- Research Scope
- Types of Telematics Solutions
- Types of Business Models
4. Growth Opportunity Analysis
- The Connected Tire
- Total Cost of Ownership - Long-haul Transportation
- Value Proposition of Connected Tires
- Cost Benefit Analysis of TPMS solutions for Long-haul Trucks
- The Connected Tire Ecosystem
- TPMS and Telematics Integration
- Tire OEM Case Study - Tire Damage Monitoring System (TDMS)
- Mandates and Regulations
- GSR Regulation (EU) 2019/2144
- Growth Drivers
- Growth Driver Analysis
- Growth Restraints
- Growth Restraints Analysis
- Installed Base Forecast
- Pricing Analysis
- Revenue Analysis
5. Vendor Profiles
- Bridgestone
- Continental
- Goodyear
- Michelin
- Pirelli
6. Growth Opportunity Universe
- Growth Opportunity 1 - Tire-as-a-Service
- Growth Opportunity 2 - TSP Partnership
- Growth Opportunity 3 - Convergence
7. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/q9050u
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