Get more information on Automotive Smart Tire Market - Request Sample Report
The Automotive Smart Tire Market Size was valued at USD 90.90 billion in 2023 and is expected to reach USD 206.39 billion by 2032 and grow at a CAGR of 8.60% over the forecast period 2024-2032.
The growth of the Automotive Smart Tire Market has been driven by vehicle telematics and the trend to shift toward electric vehicles. These have mainly stemmed from the increasing market need for real-time monitoring systems of tire conditions that lead to enhanced safety and improved performance efficiencies for vehicles. Smart tires with a tread-or-wear monitor are expected to reduce tire-related accidents by up to 30%. Moreover, there are regulatory mandates on tire performance and safety, especially in the U.S. and Europe, which are pushing manufacturers to include smart tire technologies; more than 40% of their new vehicles are expected to have these features by 2027. Another important fact is fuel efficiency, which is a growing concern. Smart tires can be created to enhance fuel savings from 5% to 10% using optimized tire pressure and minimum rolling resistance. The growing demand for connected and autonomous vehicles into the market also propels the growth of the next-generation tire market, since such vehicles require advanced technology in their tires to provide data-driven insights and predictive maintenance. By 2030, across the globe, more than 25% of the vehicle population is likely to have taken up smart tire capability, driven by these technological and regulatory trends.
The Automotive smart tire market is starting to race ahead, and 65% of new vehicles would carry real-time monitoring systems in the next decade. Such advances will offer improved safety and save fuel by 10-15%. Over the market share of 40% is now focusing on advanced sensors for data collection with respect to tread wear, temperature, and pressure. Close to 55% of manufacturers are making investments in smart tire solutions that can be integrated into connected vehicle ecosystems. AI-driven predictive maintenance is expected to decrease the occurrences of tire-related accidents by 20%, while sustainability efforts could stretch the life of tires by 30-40% by a decrease in environmental impact.
KEY DRIVERS:
The use of 5G technology is gaining momentum within the development of smart tires.
The increasing use of connected vehicles is leading to a growing adoption of fleet management systems.
Government safety regulations have nailed the growth of the automotive smart tire market these regulations have pressurized manufacturers to adopt advanced technologies in tires, augment operations related to the overall safety and improved fuel efficiency. Thus, smart tires with real-time monitoring enabled by sensors are becoming standard in vehicles due to regulatory mandates. From the information, it is observed that approximately 65% of smart tire technologies will come with new vehicles features by 2026. Smart tire integration with improved handling and stability grew by 40% in advanced driver assistant systems. OEMs increased demand by 55% to comply with the set stringent standards. In general, smart tire technology plays an important role in improving road safety and regulatory needs, fueling market growth.
RESTRAINTS:
The widespread adoption and use of smart tires are currently hindered by a lack of standardization and commercialization.
Commercialization and the further prospering of smart tire technology in the automotive market are seriously challenged by a lack of standardization. High integration costs developing intelligent tire solutions that will slow down developments and inconsistent standards are keeping it to a small 15%-20% of the global automotive industry. Some 25-30% of potential adopters are discouraged by the lack of standardized protocols, while commercialization problems including supply chain limitations and high prices rank among key obstacles for 20-25%. Lacking a single set of regulations and cost reduction, this market stays fragmented and blocks the broader adoption levels clocked by other automotive innovations.
By Sales Channel:
Original Equipment Manufacturer (OEM) is the dominating sub-segment in the Automotive Smart Tire Market by sales channel holding between 60-70% of share. New car sales, a significant driver of the market, often come equipped with smart tires pre-installed by the manufacturer. This integration ensures compatibility with the vehicle's existing systems and optimizes performance from the start. Additionally, OEMs leverage economies of scale to negotiate better prices for smart tires, making them a more attractive option during vehicle production.
Get Customized Report as per your Business Requirement - Request For Customized Report
By Technology:
Pneumatic Tires is the dominating sub-segment in the Automotive Smart Tire Market by technology. Pneumatic tires, filled with compressed air, are the current industry standard for most vehicles. The existing infrastructure for manufacturing, maintenance, and repair is well-established for pneumatic tires. Additionally, the technology for integrating sensors and functionalities into pneumatic tires is more mature compared to non-pneumatic alternatives.
By Vehicle Type:
Passenger Cars is the dominating sub-segment in the Automotive Smart Tire Market by vehicle type holding above 60% of market share. Passenger cars constitute the largest segment within the overall automotive market. This naturally translates to a higher demand for smart tires in passenger vehicles compared to other segments.
Growing consumer awareness of safety and fuel efficiency benefits associated with smart tires further drives adoption in passenger cars.
The Asia Pacific is the dominating region in the Automotive Smart Tire Market holding approx. 40% of market share fueled by rapid economic growth and a burgeoning middle class with increasing purchasing power. Countries like China and India contribute significantly to this dominance. The rising demand for new vehicles and growing awareness of safety features are key drivers in this region.
North America is the second highest region in this market holding approx. 30% of market share which boasts a well-established automotive industry and a high adoption rate of new technologies. The presence of major car manufacturers and a strong focus on safety regulations contribute to its significant market share.
KEY PLAYERS
The major key players are Goodyear Tire & Rubber Co (USA), NEXEN TIRE Corporation (Korea), Continental AG (Germany), Michelin Group (France), Bridgestone Corporation (Japan), Sumitomo Rubber Industries, Ltd. (Japan), and Pirelli & C. S.p.A. (Italy) are other key players.
In June 2021 - Goodyear finalized the acquisition of Cooper Tire, merging two leading tire companies. This strengthens their global leadership with a broader product portfolio, enhanced services, and combined capabilities. The focus remains on prioritizing customers, cutting-edge technologies, and delivering high-quality tire solutions.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 90.90 Billion |
| Market Size by 2032 | US$ 206.39 Billion |
| CAGR | CAGR of 8.60% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Sales Channel (OEM, Aftermarket) • by Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire) • by Vehicle Type (Commercial vehicles, Passenger cars, BEVs, HEVs, Plug-in Hybrid Vehicles) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | The Goodyear Tire & Rubber Co (USA), NEXEN TIRE Corporation (Korea), Continental AG (Germany), Michelin Group (France), Bridgestone Corporation (Japan), Sumitomo Rubber Industries, Ltd. (Japan), and Pirelli & C. S.p.A. (Italy) |
| Key Drivers | • The use of 5G technology is gaining momentum within the development of smart tires. • The increasing use of connected vehicles is leading to a growing adoption of fleet management systems. |
| RESTRAINTS | • The widespread adoption and use of smart tires are currently hindered by a lack of standardization and commercialization. |
Ans: The expected CAGR of the global Automotive Smart Tire Market during the forecast period is 8.60%.
Ans: The Automotive Smart Tire Market was valued at USD 90.90 billion in 2023.
Ans: Lack of standardization and commercialization of smart tires.
Ans: The use of autonomous systems in the vehicle industry, where smart tires are crucial for safe and efficient operation.
Ans: The Asia Pacific region is the dominating region in the Automotive Smart Tire Market holding approx. 40% of market share.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Vehicle Production and Sales Volumes, 2020-2032, by Region
5.2 Emission Standards Compliance, by Region
5.3 Vehicle Technology Adoption, by Region
5.4 Consumer Preferences, by Region
5.5Aftermarket Trends (Data on vehicle maintenance, parts, and services)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Automotive Smart Tire Market Segmentation, by Sales Channel
7.1 Chapter Overview
7.2 OEM
7.2.1 OEM Market Trends Analysis (2020-2032)
7.2.2 OEM Market Size Estimates and Forecasts to 2032 (USD Billion)
7.2.3 Aftermarket
7.2.3.1 Aftermarket Market Trends Analysis (2020-2032)
7.2.3.2 Aftermarket Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Automotive Smart Tire Market Segmentation, by Technology
8.1 Chapter Overview
8.2 Pneumatic Tire
8.2.1 Pneumatic Tire Trends Analysis (2020-2032)
8.2.2 Pneumatic Tire Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Non-Pneumatic Tire
8.3.1 Non-Pneumatic Tire Market Trends Analysis (2020-2032)
8.3.2 Non-Pneumatic Tire Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Automotive Smart Tire Market Segmentation, by Vehicle Type
9.1 Chapter Overview
9.2 Commercial Vehicles
9.2.1 Commercial Vehicles Market Trends Analysis (2020-2032)
9.2.2 Commercial Vehicles Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Passenger Cars
9.3.1 Passenger Cars Market Trends Analysis (2020-2032)
9.3.2 Passenger Cars Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 BEVs
9.4.1 BEVs Market Trends Analysis (2020-2032)
9.4.2 BEVs Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 HEVs
9.5.1 HEVs Market Trends Analysis (2020-2032)
9.5.2 HEVs Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Plug-in Hybrid Vehicles
9.6.1 Plug-in Hybrid Vehicles Market Trends Analysis (2020-2032)
9.6.2 Plug-in Hybrid Vehicles Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Automotive Smart Tire Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.2.4 North America Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.2.5 North America Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.2.6.2 USA Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.2.6.3 USA Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.2.7.2 Canada Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.2.7.3 Canada Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.2.8.2 Mexico Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.2.8.3 Mexico Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Automotive Smart Tire Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.1.6.2 Poland Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.6.3 Poland Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.1.7.2 Romania Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.7.3 Romania Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Automotive Smart Tire Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.2.4 Western Europe Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.5 Western Europe Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.2.6.2 Germany Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.6.3 Germany Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.2.7.2 France Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.7.3 France Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.2.8.2 UK Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.8.3 UK Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.2.9.2 Italy Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.9.3 Italy Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.2.10.2 Spain Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.10.3 Spain Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.2.13.2 Austria Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.13.3 Austria Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Automotive Smart Tire Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.4.4 Asia Pacific Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.5 Asia Pacific Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.4.6.2 China Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.6.3 China Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.4.7.2 India Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.7.3 India Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.4.8.2 Japan Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.8.3 Japan Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.4.9.2 South Korea Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.9.3 South Korea Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.4.10.2 Vietnam Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.10.3 Vietnam Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.4.11.2 Singapore Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.11.3 Singapore Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.4.12.2 Australia Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.12.3 Australia Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Automotive Smart Tire Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.5.1.4 Middle East Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.5 Middle East Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.5.1.6.2 UAE Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.6.3 UAE Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Automotive Smart Tire Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.5.2.4 Africa Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.2.5 Africa Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Automotive Smart Tire Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.6.4 Latin America Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.5 Latin America Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.6.6.2 Brazil Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.6.3 Brazil Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.6.7.2 Argentina Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.7.3 Argentina Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.6.8.2 Colombia Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.8.3 Colombia Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Automotive Smart Tire Market Estimates and Forecasts, by Sales Channel (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Automotive Smart Tire Market Estimates and Forecasts, by Technology (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Automotive Smart Tire Market Estimates and Forecasts, by Vehicle Type (2020-2032) (USD Billion)
11. Company Profiles
11.1 Goodyear Tire & Rubber Co
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 The SNS View
11.2 NEXEN TIRE Corporation
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products / Services Offered
11.2.4 The SNS View
11.3 Continental AG
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products / Services Offered
11.3.4 The SNS View
11.4 Michelin Group
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products / Services Offered
11.4.4 The SNS View
11.5 Bridgestone Corporation
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products / Services Offered
11.5.4 The SNS View
11.6 Sumitomo Rubber Industries, Ltd
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products / Services Offered
11.6.4 The SNS View
11.7 Pirelli & C. S.p.A.
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products / Services Offered
11.7.4 The SNS View
11.8 Others
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products / Services Offered
11.8.4 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. Use Case and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Market Segmentation
By Sales Channel:
OEM
Aftermarket
By Technology:
Pneumatic Tire
Non-Pneumatic Tire
By Vehicle Type:
Commercial vehicles
Passenger cars
BEVs
HEVs
Plug-in Hybrid Vehicles
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
In-wheel Motors Market Size was valued at USD 1.48 billion in 2023 and is expected to reach USD 31.58 billion by 2032 and grow at a CAGR of 40.5% over the forecast period 2024-2032.
The Automotive Parking Sensors Market Size was valued at USD 12.02 billion in 2023 and is expected to reach USD 38.07 billion by 2031 and grow at a CAGR of 15.5% over the forecast period 2024-2031.
The Automotive Insurance Market size was valued at USD 680.06 billion in 2023 and is expected to reach USD 935.03 billion by 2031 and grow at a CAGR of 4.05% over the forecast period 2024-2031.
The Automotive Simulation Market Size was valued at USD 1.85 billion in 2023 and is expected to reach USD 4.05 billion by 2031 and grow at a CAGR of 10.3% over the forecast period 2024-2031.
The Vehicle Analytics Market Size was valued at USD 4.20 billion in 2023, and expected to reach USD 25.87 billion by 2031, and grow at a CAGR of 25.5% over the forecast period 2024-2031.
The Automotive Semiconductor Market size was valued at USD 46.34 billion in 2023 and is expected to reach USD 111.07 billion by 2032 and grow at a CAGR of 10.2% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
