Revving Towards the Future: Global Automotive Smart Tire Market to Surpass $161.6 Billion by 2030,

by Ashwani Kailiya Sr. Market Research

Global automotive smart tire market will reach $161.6 billion by 2030, growing by 7.5% annually over 2020-2030 considering the impact of COVID-19 pandemic. The unit shipment of automotive smart tire is anticipated to grow by 8.6% annually over the forecast years. The market is driven by the escalating demand for electric vehicle, the rapid emergence and advancement of autonomous and connected vehicles, as well as the increasing adoption of artificial intelligence (AI) and 5G networks.

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Highlighted with 93 tables and 105 figures, this 181-page report “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 based on a 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 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).

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. The balanced (most likely) projection is used to quantify global automotive smart tire market in every aspect of the classification from perspectives of Product, Sensor, Engineering Technology, Vehicle Type, Vehicle Propulsion, Distribution Channel, and Region.

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Based on Product, the global market is segmented into the following sub-markets with annual revenue ($ mn) and annual shipment (million units) for 2019-2030 included in each section.

Connected Tire
Intelligent Tire/TPMS

By Sensor, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 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 2019-2030 included in each section.

Pneumatic Tire
Run-Flat Tire
Non-Pneumatic Tire

Based on Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) and annual shipment (million units) for 2019-2030 included in each section.

Commercial Vehicles
Passenger Cars

Based on Vehicle Propulsion, the global market is segmented into the following sub-markets with annual revenue ($ mn) and annual shipment (million units) for 2019-2030 included in each section.

Conventional Vehicles
Electric Vehicles (EV)

Based on Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) and annual shipment (million units) for 2019-2030 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)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) and demand volume (million units) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Product, Vehicle Type, and Distribution Channel over the forecast years are also included.

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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Key Players (this may not be a complete list and extra companies can be added upon request):

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

Yokohama Rubber Co., Ltd.

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View Other Regional Reports Related to Automotive Smart Tire Industry:

North America Europe Automotive Smart Tire Market Research Report 2022-2032

Europe Automotive Smart Tire Market Research Report 2022-2032

Asia Pacific Automotive Smart Tire Market Research Report 2022-2032

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