Dublin, March 16, 2023 (GLOBE NEWSWIRE) -- The "Global Automotive Smart Tire Market 2022-2030 by Product, Engineering Technology, Vehicle Type, Vehicle Propulsion, Distribution Channel, and Region: Trend Forecast and Growth Opportunity" report has been added to ResearchAndMarkets.com's offering.
Global automotive smart tire market will reach $161,616.7 million by 2030, growing by 7.7% annually over 2022-2030, driven by the escalating demand for electric vehicle to curb the GHG gas emission, the rapid emergence and advancement of autonomous and connected vehicles, as well as the increasing adoption of artificial intelligence (AI) and 5G networks.
In terms of sales volume, the global market will grow at a 2022-2030 CAGR of 8.8%.
This 206-page report is based on comprehensive research of the entire global automotive smart tire market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2022 and provides forecast from 2023 till 2030 with 2022 as the base year.
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter's Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global automotive smart tire market in every aspect of the classification from perspectives of Product, Engineering Technology, Vehicle Type, Vehicle Propulsion, Distribution Channel, and Region.
Based on Product, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2022-2030 included in each section.
- Connected Tire
- Intelligent Tire/TPMS
Based on Sensor Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2030 included in each section.
- TPMS
- Accelerometer Sensor
- Strain Gauge Sensor
- RFID Chip
- Other Sensors
Based on Engineering Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2030 included in each section.
- Pneumatic Tire
- Run-Flat Tire
- Non-Pneumatic Tire
By Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2022-2030 included in each section.
- Commercial Vehicles
- Passenger Cars
By Vehicle Propulsion, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2022-2030 included in each section.
- Conventional Vehicles
- Electric Vehicles (EV)
By Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2022-2030 included in each section.
- OEMs
- Aftermarket
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- 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)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE,Saudi Arabia, South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2030. The breakdown of all regional markets by country and split of each national market by Product, Vehicle Type and Distribution Channel over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 206 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $89266.2 Million |
| Forecasted Market Value (USD) by 2030 | $161616.7 Million |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
Key Topics Covered:
1 Introduction
2 Market Overview and Dynamics
3 Segmentation of Global Market by Product
4 Segmentation of Global Market by Engineering Technology
5 Segmentation of Global Market by Vehicle Type
6 Segmentation of Global Market by Vehicle Propulsion
7 Segmentation of Global Market by Distribution Channel
8 Segmentation of Global Market by Region
9 Competitive Landscape
Companies Mentioned
- Bridgestone Corporation
- Continental AG
- Hankook Tire & Technology Co., Ltd.
- Infineon Technologies AG
- JK Tyres & Industries Ltd.
- Michelin Group
- Nexen Tire Corporation
- Nokian Tyres Plc.
- NXP Semiconductors
- Pirelli & C. S.p.A
- Revvo Technologies, Inc.
- Schrader TPMS Solutions
- Sumitomo Rubber Industries, Ltd.
- The Goodyear Tire & Rubber Co.
- The Yokohama Rubber Company, Limited
- Toyo Tire Corporation
For more information about this report visit https://www.researchandmarkets.com/r/pgpmc5
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