Automotive Smart Tire Market Size, Share, Top Key Players, Growth, Trend

1. www.emergenresearch.com Automotive Smart Tire Market Report 2020-2028 Increasing usage of new and more advanced materials in tires is a key factor driving market revenue growth

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5. Market Summary The global automotive smart tires market size reached USD 76.78 billion in 2020 and is expected to register a revenue CAGR of 6.6% during the forecast period, according to latest analysis by Emergen Research. Increasing usage of 5G technology in smart tires is expected to support market revenue 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. www.emergenresearch.com

6. Market Summary Some Key HighlightsFrom the Report  Heavy duty truck segment revenue is expected to expand at a substantially rapid CAGR during the forecast period due to rising need for transportation of large volumes of products and large markets with widely available vehicles and parts.  Connected tire segment is expected to register a significantly robust revenue growth rate over the forecast period due to increasing deployment of connected and sensor systems which alert driver in case of pressure deflation or puncture and plays a significant role in vehicle and passenger safety.  Major companies in the market report include 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. Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/838 www.emergenresearch.com

7. Market Summary Emergen Research has segmented global automotive smart tire Market on the basis of vehicle type, features, technology, distribution Channel, and region: Vehicle Type Outlook (Revenue, USD Billion; 2018–2028) Heavy Duty Truck Passenger Vehicle Electric Vehicle Commercial Vehicle Features Outlook (Revenue, USD Billion; 2018–2028) Connected Tire Tire Pressure Monitoring System (TPMS) Others Technology Outlook (Revenue, USD Billion; 2018–2028) Non-pneumatic Tire Pneumatic Tire Read More@ https://www.emergenresearch.com/industry-report/automotive-smart-tire-market

8. Parameter Details Market Size Estimation Period 2020-2028 Base Year Considered 2020 Historical Data 2017-2019 Forecast Period 2021-2028 Quantitative Units Revenue in USD million & CAGR from 2020 to 2028 Segments Covered Types, Application, End-Users, Regions & more. MARKET Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil SEGMENTATION Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends Report Coverage Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa Customization Scope 10 hours of free customization & expert consultation Explore Different Purchase Options & Request for Discount to Avail New Year Discount Pricing and Purchase Options www.emergenresearch.com

9. Regional Share Dynamics www.emergenresearch.com

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