Press Release

Saudi Arabia Smart Tire Market Is Being Fuelled by Increasing Adoption of Advanced Technology In Vehicles

Rising vehicle safety concern among the people has driven the demand for smart tire in the market in Saudi Arabia

According to the TechSci Research report, "Saudi Arabia Smart Tire Market - By Region Competition Forecast and Opportunities, 2018-2028F", the Saudi Arabia smart tire market is anticipated to grow at a good rate in the coming year. The smart tires mean Shape Memory Alloy Radial Technology and was originally developed by NASA. Nowadays, many tire manufacturing companies are introducing smart tires for two-wheeler, passenger car, and commercial vehicles, etc. The advantage of smart tire is that it is made up of NiTinol (Nickel titanium), and a shape memory alloy with 30x the reversible strain of steel. The presence of these material in the smart tire, allows it to get back to its original shape, no matter how it gets stretch or bend it. Smart tires are designed to operate as a sensor-based monitoring tool among other things, to provide real-time data on the friction between tires and roads. Additionally, it is reasonable that intelligent tires need to undergo a major redesign in order to aid drivers in handling automobiles under varying friction levels, varied weather and surface conditions of the roads. 

Depending on various tire circumstances, some tires can alter its shape. While the vehicle is moving, it can adjust its shape to fit the new terrain and then return to its original shape. The tire, which is a unique item in the ecosystem of vehicle smart tires, is now in the prototype phase. However, because of how simple it is to match its shape to navigate in difficult terrains, it can be useful for several off-road applications.

Additionally, the "Triple Tube" concept tire from Goodyear is a shape-shifting tire with three internal tubes that may change the tire's shape based on the road conditions. In driverless vehicles, these tires can be used to change their shape at bends and curves for maximum performance and adaptability. Additionally, the wet safety position of these tires provides resistance to aquaplaning by expanding the tire's centre chamber, which increases the tire's diameter and creates a longer, narrower footprint that improves traction.

In Saudi Arabia, the sales of tire for the year 2021 was around 22.44 million units. These tire sales include replacement and OEM sales. The passenger car has the highest market share by 74.55% over the commercial vehicle in terms of sales of tires in Saudi Arabia. The automotive manufacturers use radial tires at the time of manufacturing and vehicles in Saudi Arabia comes with pre-equipped radial tires, due to which radial tires has the highest market share of 85.84% over the bias tires in Saudi Arabia. In Saudi Arabia medium and heavy vehicles have the market share of 10.82% in tire sales, in the year 2021.

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The manufacturing of the automotive tires must be developed by using a variety of raw materials and energy sources. Tire manufacturers can also use non-renewable natural resources as they are also among the raw materials, and great tire production will accelerate their rapid depletion. By use of these energy sources smart tires can be manufactured, as the replacement rate of smart tire is less than the standard tires due to less replacement rate waste generate will also be less at the time of production of smart tires. Another important energy consumer is the recycling of tires. A longer tire life can also reduce the number of tires disposed of in landfills or recycled, and it can use less energy to produce replacement tires.

In the vehicle type segment, passenger car has the market share over the commercial vehicle. Many tire manufacturing companies, at the initial phase, are making smart tire for passenger car. The automotive OEMs have integrated hundreds of sensors due to factors like growing demand for autonomous and connected vehicles incorporating numerous sensors including radars, LiDARs, cameras, and ultrasonic sensors and their corresponding electronic control units (ECUs), in addition to the already existing sensors delivering data regarding vehicle parameters. The incorporation of automotive smart tires into vehicles is worrying various vehicle makers. Furthermore, because the passenger vehicle sector is a significant source of revenue for tirer-1 component suppliers and tire producers, the automotive smart tire market is anticipated to face an immediate threat if these manufacturers reject automotive smart tires.

Some of the major players operating in the Saudi Arabia Smart Tire Market include:

  • Continental AG
  • Bridgestone Corporation
  • The Michelin Group
  • The Goodyear Tire & Rubber Co
  • Pirelli & C. S.p.A
  • The Yokohama Rubber Company, Limited
  • Hankook Tire & Technology Co., Ltd
  • Nokian Tyres Plc
  • Toyo Tire Corporation
  • JK Tyres & Industries Ltd

 

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Many companies are investing in the research and development department, for the innovation and improvement of smart tire. The investment will help in research and development of the smart tire for better driving experience and vehicle safety. The investment by major tire manufacturing companies will help to make smart tire easily available for the buyers in the market, further helping in driving the Saudi Arabia Smart Tire Market in the coming years. "said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Saudi Arabia Smart Tire Market By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors), By Engineering Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire), By Vehicle Type (Commercial Vehicles, Passenger Cars), By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles), By Distribution Channel (OEM, Aftermarket), By Product Type (Connected Tire, Intelligent Tire/TPMS) and By Region, Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Saudi Arabia Smart Tire Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Saudi Arabia Smart Tire Market.


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