According to Stratistics MRC, the Global Automotive Intelligent Tire And Sensor Market is expected to grow at a CAGR of 10.8% during the forecast period.
Some of the key players profiled in the Automotive Intelligent Tire And Sensor Market include ZF Friedrichshafen AG, Tymtix Technologies, NXP Semiconductors N.V., The Goodyear Tire & Rubber Co., Schrader TPMS Solutions, Revvo Technologies Inc., Pirelli & C. S.p.A., Nexen Tire Corporation, Michelin, Infineon Technologies AG, Hankook Tires, Denso Corporation, Continental AG, Bridgestone Corporation, and The Yokohama Rubber Company, Limited.
Some of the factors boosting the market are rising push from governments as well as consumers to ensure road safety, the need for cost-effective tire maintenance, and increased vehicle data for connected vehicles. However, the lack of standardization for tire-pressure monitoring system sensors is hampering the growth of the market.
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Automotive intelligent tire and sensor are very useful in improving fleet management, as they help in decreasing the expenses of the tires, upgrade fuel efficiency as well as limit vehicle breakdowns, thereby offering advantages like fuel efficiency, long-lasting tyres, less number of accidents, optimised fleet management, and minimising the carbon dioxide emissions.
Based on the vehicle type, the commercial vehicle segment is going to have a lucrative growth during the forecast period due to the increased production of commercial vehicle and demand for better tire performance in commercial vehicles.
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By geography, North America is anticipated to hold considerable market share during the forecast period due to the strict regulations implemented by the government to ensure the safety of the passengers.
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Vehicle Types Covered:
Commercial Vehicle
Passenger Vehicle
Sales Channels Covered:
Aftermarket
Original Equipment Manufacturers (OEM)
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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