Global Automotive Intelligent Tires Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Tire Type;

Radial and Bias.

By Application;

Commercial vehicles and Passenger cars.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn827204237 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Intelligent Tires Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Intelligent Tires Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

The global automotive intelligent tires market is experiencing rapid growth, driven by advancements in automotive technology and the increasing demand for smart and connected vehicles. Intelligent tires, equipped with sensors and embedded systems, offer a plethora of benefits such as real-time monitoring of tire pressure, temperature, tread wear, and road conditions. This data not only enhances vehicle safety but also improves fuel efficiency and overall performance. As automotive manufacturers continue to prioritize safety and efficiency, the adoption of intelligent tires is expected to witness substantial growth in the coming years.

The rise in concerns regarding road safety and regulatory mandates for the integration of advanced safety features in vehicles are further propelling the demand for intelligent tires. Governments across the globe are increasingly emphasizing the importance of tire safety standards to reduce road accidents and fatalities. Consequently, automotive manufacturers are integrating intelligent tire technology into their vehicles to comply with these regulations and meet consumer expectations for safer driving experiences.

The growing trend of autonomous and electric vehicles is also contributing to the expansion of the automotive intelligent tires market. These vehicles rely heavily on data-driven technologies for navigation and performance optimization, making intelligent tires an indispensable component. The ability of intelligent tires to communicate vital information to the vehicle's control systems enables better traction control, stability management, and overall vehicle dynamics, thereby augmenting the driving experience and safety of autonomous and electric vehicles.

The increasing adoption of telematics and IoT (Internet of Things) in the automotive industry is fueling the demand for intelligent tires. These technologies enable seamless communication between vehicles, infrastructure, and other connected devices, facilitating data exchange and analysis for predictive maintenance and enhanced vehicle performance. As automotive manufacturers continue to innovate and integrate intelligent tire solutions into their product offerings, the global automotive intelligent tires market is poised for significant expansion in the foreseeable future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Tire Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Automotive Intelligent Tires Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Safety
        2. Efficiency
        3. Connectivity
        4. Performance
      2. Restraints
        1. Cost
        2. Complexity
        3. Adoption
        4. Regulation
      3. Opportunities
        1. Innovation
        2. Customization
        3. Sustainability
        4. Growth
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Intelligent Tires Market, By Tire Type, 2020 - 2030 (USD Million)
      1. Radial
      2. Bias
    2. Global Automotive Intelligent Tires Market, By Application, 2020 - 2030 (USD Million)
      1. Commercial vehicles
      2. Passenger cars
    3. Global Automotive Intelligent Tires Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bridgestone Corporation
      2. Continental AG
      3. Michelin Group
      4. Pirelli & C. S.p.A
      5. The Goodyear Tire & Rubber Company
      6. Sumitomo Rubber Industries, Ltd
      7. Hankook Tire & Technology Co., Ltd
      8. Yokohama Rubber Company, Limited
      9. Toyo Tire Corporation
      10. Cooper Tire & Rubber Company
  7. Analyst Views
  8. Future Outlook of the Market