Smart Tire Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030F Segmented By Product Type (Connected Tire, Intelligent Tire/TPMS), By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, and Other Sensors), By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire), By Vehicle Type (Passenger Cars and Commercial Vehicles), By Vehicle Propulsion (Conventional Vehicles and Electric Vehicles), By Distribution Channel (OEMs and Aftermarket), and By Region

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

The global smart tire market has shown growth in the past years, and it is anticipated to increase at a high rate in the forecast year 2023-2030. Smart tires have sensors and controls that allow them to adjust to diverse road conditions. Smart tires also keep an eye on a variety of tire characteristics that monitor the tire's health. The sidewall of the tires being below the minimal level of standardization is one of the main causes of accidents affecting tires. By digitalizing tires monitoring to encourage consumer road safety, tires producers are safeguarding the safety of drivers and passengers. To monitor tire and road conditions, advanced technologies are enabling faster connection between the tire and the vehicle. These technologies include artificial intelligence (AI), the internet of things (IoT), and 5G communication. The key challenges for the market driver are, keeping the safety of the tires, utilizing sensor technology for adaptability to various situations, eliminating the need for seasonal tire changes, a slower rate of tire wear, and self-repairing in the event of punctures. Since, most drivers are ignorant of their tire conditions, and still run the tires, it causes wear and tear to the tire. Many tires manufacturing companies are working to find solutions to address these problems for safer driving, which is driving up consumer demand for smart tires. For instance, Nokian Tires has a product called SnapSkan that notifies the driver of the tire condition and how it affects traffic safety.

Globally total number of tire sale in 2021 was around 2073.95 million units. The sales of all types of tires from North America region in which country including United States, Canada, and Mexico account for around 406.05 million units in the year 2021. The demand of sales for tire in North America region comes from the distributer end and from the OEMs (Original Equipment Manufacturers). 

Recent Development in Smart Tire

The SMART Tire Company, Inc. has announced to launch bike smart tires which will be based on shape memory alloy radial technology material. The smart tire for the bike has an innovative property called ‘super elasticity’ by this property tires can rearrange their molecular structure in response to strain and have 100% instant recovery. The SMART Tire Company, Inc. CEO has announced that the tire’s design and manufacturing will be done at company’s new STC innovation center in Akron, Ohio (United States). The production work has been started in the year 2022.

Increasing Concerns Regarding Environment and Vehicle Safety

Nowadays there is rising concern for the environment and vehicle safety among the people. By seeing these concern tire manufacturing companies have developed smart tires that match all standards for the ideal tire in the market. Automotive tires must be developed using a variety of raw materials and energy sources. Non-renewable natural resources are also among the raw materials, and greater tire production will hasten their rapid depletion. Smart tires serve to reduce the frequency of tire replacement for vehicles by being designed to last long than a standard tire. Another important energy consumer is the recycling of tires. A longer tire life can also reduce the number of tires disposed in landfills or recycled, and it can use less energy to produce replacement tires.

Rising Adoption of 5G Technology in Smart Tires

In the future, 5G technology, which has the potential to revolutionize the automotive sector, will be used for things like improved driving, infrastructure development for the side of the road, and vehicle connectivity. The rollout of the 5G network is anticipated to make cars smarter and safer while enhancing the driving experience. The first 5G-connected tyre in the world consists of a sensor, processor, and communications disc that are small and embedded inside the tire. It is made to continuously track different factors such as, tire pressure, tread depth, tire temperature, acceleration, and the ability to detect water and ice on the road. A higher frequency range and a stronger communication channel make 5G technology superior to the widely used Bluetooth technology used in wireless tire pressure monitoring systems. Because 5G technology makes it possible for effective vehicle-to-vehicle communication, it can also encourage the integration of smart tires in passenger vehicles. For instance, Pirelli was a pioneer in the development of "Cyber Tires," connected with 5G capabilities that are utilized in applications like truck fleet management.


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Market Segmentation

The Global Smart Tire Market is segmented based on product type, sensor type, technology, vehicle type, vehicle propulsion, distribution channel, by region, and competitional landscape. Based on the product type, the market is further fragmented into connected tire, and intelligent tire/TPMS. Based on sensor type, the market is divided into TPMS, accelerometer sensor, strain gauge sensor, RFID chip, and other sensors. Based on technology, the market is divided into Pneumatic Tire, Run-Flat Tire, and Non-Pneumatic Tire. Based on vehicle type, the market is divided into passenger cars and commercial vehicles. Based on propulsion type, the market is divided into conventional vehicles and electric vehicles. Based on distribution channel, the market is divided into OEMs and aftermarket. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Continental AG, Bridgestone Corporation, Michelin, 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, are among the major market players in the global platform that lead the market growth of the Smart Tire Market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2030

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2021 and 2023E-2030F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         By Product Type

·         By Sensor Type

·         By Technology

·         By Vehicle Type

·         By Vehicle Propulsion  

·         By Distribution Channel

·         By Region

Regional Scope

North America, Europe, Asia-Pacific, South America, and Middle East & Africa

Country Scope

United States, Canada, Mexico, Germany, Spain, Russia, France, United Kingdom, Slovakia, Italy, China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Brazil, Argentina, Colombia, Saudi Arabia, Turkey, South Africa, Egypt  

Key Companies Profiled

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

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the Smart Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Smart Tire Market, By Product Type:

o   Connected Tire

o   Intelligent Tire/TPMS

·         Smart Tire Market, By Sensor Type:

o   TPMS

o   Accelerometer Sensor

o   Strain Gauge Sensor

o   RFID Chip

o   Other Sensors

  • Smart Tire Market, By Engineering Technology:
    • Pneumatic Tire
    • Run-Flat Tire
    • Non-Pneumatic Tire
  • Smart Tire Market, By Vehicle Type:
    • Commercial Vehicles
    • Passenger Cars
  • Smart Tire Market, By Vehicle Propulsion:
    • Conventional Vehicles
    • Electric Vehicle
  • Smart Tire Market, By Distribution Channel:
    • OEMs
    • Aftermarket
  • Smart Tire Market, By Region:
    • North America
      • The United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • Spain
      • Russia
      • France
      • United Kingdom
      • Slovakia
      • Italy
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Indonesia
      • Thailand
      • Malaysia
      • Vietnam
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • Saudi Arabia
      • Turkey
      • South Africa
      • Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Smart Tire Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to five).

Smart Tire Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Smart Tire Market

4.1.  Impact Assessment Model      

4.1.1.     Key Segments Impacted

4.1.2.     Key Regions Impacted

4.1.3.     Key Countries Impacted

4.1.4.     Key Distribution Channel Impacted

5.    Voice of Customer

5.1.  Brand Recall (Unaided and Aided)

5.2.  Factors Influencing Purchase Decision

5.3.  Brand Satisfaction Level

6.    Smart Tire Market Outlook, FY2018-FY2030F

Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Product Type (Connected Tire, Intelligent Tire/TPMS)

6.2.2.     By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

6.2.3.     By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

6.2.4.     By Vehicle Type (Passenger Car, and Commercial Vehicle)

6.2.5.     By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

6.2.6.     By Distribution Channel (OEMs, Aftermarket)

6.2.7.     By Region (Europe, North America, Asia-Pacific, South America, Middle East & Africa)

6.2.8.     By Company (2022)

6.3.  Global Smart Tire Market Mapping and Opportunities

6.3.1.               Market Mapping and opportunity By Product Type

6.3.2.               Market Mapping and opportunity By Sensor Type

6.3.3.               Market Mapping and opportunity By Technology

6.3.4.               Market Mapping and opportunity By Vehicle Type

6.3.5.               Market Mapping and opportunity By Vehicle Propulsion

6.3.6.               Market Mapping and opportunity By Distribution Channel

6.3.7.               Market Mapping and opportunity By Region

7.    North America Smart Tire Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume and Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type (Connected Tire, Intelligent Tire/TPMS)

7.2.2.     By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

7.2.3.     By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

7.2.4.     By Vehicle Type (Passenger Car, and Commercial Vehicle)

7.2.5.     By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

7.2.6.     By Distribution Channel (OEMs, Aftermarket)

7.2.7.     By Country

7.3.  North America Smart Tire Market Mapping and Opportunity

7.3.1.               Market Mapping and opportunity By Vehicle Type

7.3.2.               Market Mapping and opportunity By Country

7.4.  North America: Country Analysis

7.4.1.     USA Smart Tire Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Volume and Value

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

7.4.1.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

7.4.1.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

7.4.1.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

7.4.1.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

7.4.1.2.6.             By Distribution Channel (OEMs, Aftermarket)

7.4.2.     Mexico Smart Tire Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Volume and Value

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

7.4.2.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

7.4.2.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

7.4.2.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

7.4.2.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

7.4.2.2.6.             By Distribution Channel (OEMs, Aftermarket)

7.4.3.     Canada Smart Tire Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Volume and Value

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

7.4.3.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

7.4.3.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

7.4.3.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

7.4.3.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

7.4.3.2.6.             By Distribution Channel (OEMs, Aftermarket)

8.    Europe Smart Tire Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume and Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type (Connected Tire, Intelligent Tire/TPMS)

8.2.2.     By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

8.2.3.     By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

8.2.4.     By Vehicle Type (Passenger Car, and Commercial Vehicle)

8.2.5.     By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

8.2.6.     By Distribution Channel (OEMs, Aftermarket)

8.2.7.     By Country

8.3.  Europe Smart Tire Market Mapping and Opportunity

8.3.1.               Market Mapping and opportunity By Vehicle Type

8.3.2.               Market Mapping and opportunity By Country

8.4.  Europe: Country Analysis

8.4.1.     Germany Smart Tire Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Volume and Value

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

8.4.1.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

8.4.1.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

8.4.1.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

8.4.1.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

8.4.1.2.6.             By Distribution Channel (OEMs, Aftermarket)

8.4.2.     United Kingdom Smart Tire Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Volume and Value

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

8.4.2.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

8.4.2.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

8.4.2.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

8.4.2.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

8.4.2.2.6.             By Distribution Channel (OEMs, Aftermarket)

8.4.3.     Spain Smart Tire Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Volume and Value

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

8.4.3.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

8.4.3.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

8.4.3.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

8.4.3.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

8.4.3.2.6.             By Distribution Channel (OEMs, Aftermarket)

8.4.4.     Russia Smart Tire Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Volume and Value

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

8.4.4.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

8.4.4.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

8.4.4.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

8.4.4.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

8.4.4.2.6.             By Distribution Channel (OEMs, Aftermarket)

8.4.5.     France Smart Tire Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Volume and Value

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

8.4.5.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

8.4.5.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

8.4.5.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

8.4.5.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

8.4.5.2.6.             By Distribution Channel (OEMs, Aftermarket)

8.4.6.     Slovakia Smart Tire Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Volume and Value

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

8.4.6.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

8.4.6.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

8.4.6.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

8.4.6.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

8.4.6.2.6.             By Distribution Channel (OEMs, Aftermarket)

8.4.7.     Italy Smart Tire Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Volume and Value

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

8.4.7.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

8.4.7.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

8.4.7.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

8.4.7.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

8.4.7.2.6.             By Distribution Channel (OEMs, Aftermarket)

9.    Asia-Pacific Smart Tire Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume and Value

9.2.  Market Share & Forecast

9.2.1.     By Product Type (Connected Tire, Intelligent Tire/TPMS)

9.2.2.     By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

9.2.3.     By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

9.2.4.     By Vehicle Type (Passenger Car, and Commercial Vehicle)

9.2.5.     By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

9.2.6.     By Distribution Channel (OEMs, Aftermarket)

9.2.7.     By Country

9.3.  North America Smart Tire Market Mapping and Opportunity

9.3.1.               Market Mapping and opportunity By Vehicle Type

9.3.2.               Market Mapping and opportunity By Country

9.4.  Asia-Pacific: Country Analysis

9.4.1.     China Smart Tire Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Volume and Value

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

9.4.1.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

9.4.1.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

9.4.1.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

9.4.1.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

9.4.1.2.6.             By Distribution Channel (OEMs, Aftermarket)

9.4.2.     India Smart Tire Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Volume and Value

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

9.4.2.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

9.4.2.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

9.4.2.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

9.4.2.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

9.4.2.2.6.             By Distribution Channel (OEMs, Aftermarket)

9.4.3.     Japan Smart Tire Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Volume and Value

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

9.4.3.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

9.4.3.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

9.4.3.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

9.4.3.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

9.4.3.2.6.             By Distribution Channel (OEMs, Aftermarket)

9.4.4.     South Korea Smart Tire Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Volume and Value

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

9.4.4.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

9.4.4.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

9.4.4.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

9.4.4.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

9.4.4.2.6.             By Distribution Channel (OEMs, Aftermarket)

9.4.5.     Indonesia Smart Tire Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Volume and Value

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

9.4.5.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

9.4.5.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

9.4.5.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

9.4.5.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

9.4.5.2.6.             By Distribution Channel (OEMs, Aftermarket)

9.4.6.     Thailand Smart Tire Market Outlook

9.4.6.1.         Market Size & Forecast

9.4.6.1.1.             By Volume and Value

9.4.6.2.         Market Share & Forecast

9.4.6.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

9.4.6.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

9.4.6.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

9.4.6.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

9.4.6.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

9.4.6.2.6.             By Distribution Channel (OEMs, Aftermarket)

9.4.7.     Malaysia Smart Tire Market Outlook

9.4.7.1.         Market Size & Forecast

9.4.7.1.1.             By Volume and Value

9.4.7.2.         Market Share & Forecast

9.4.7.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

9.4.7.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

9.4.7.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

9.4.7.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

9.4.7.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

9.4.7.2.6.             By Distribution Channel (OEMs, Aftermarket)

9.4.8.     Vietnam Smart Tire Market Outlook

9.4.8.1.         Market Size & Forecast

9.4.8.1.1.             By Volume and Value

9.4.8.2.         Market Share & Forecast

9.4.8.2.1.             By Product Type (Connected Tire, Intelligent Tire/TPMS)

9.4.8.2.2.             By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

9.4.8.2.3.             By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

9.4.8.2.4.             By Vehicle Type (Passenger Car, and Commercial Vehicle)

9.4.8.2.5.             By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

9.4.8.2.6.             By Distribution Channel (OEMs, Aftermarket)

10.  South America Smart Tire Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Volume and Value

10.2.              Market Share & Forecast

10.2.1.  By Product Type (Connected Tire, Intelligent Tire/TPMS)

10.2.2.  By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

10.2.3.  By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

10.2.4.  By Vehicle Type (Passenger Car, and Commercial Vehicle)

10.2.5.  By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

10.2.6.  By Distribution Channel (OEMs, Aftermarket)

10.2.7.  By Country

10.3.              South America Smart Tire Market Mapping and Opportunity

10.3.1.            Market Mapping and opportunity By Vehicle Type

10.3.2.            Market Mapping and opportunity By Country

10.4.              South America: Country Analysis

10.4.1.  Brazil Smart Tire Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Volume and Value

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Product Type (Connected Tire, Intelligent Tire/TPMS)

10.4.1.2.2.           By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

10.4.1.2.3.           By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

10.4.1.2.4.           By Vehicle Type (Passenger Car, and Commercial Vehicle)

10.4.1.2.5.           By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

10.4.1.2.6.           By Distribution Channel (OEMs, Aftermarket)

10.4.2.  Argentina Smart Tire Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Volume and Value

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Product Type (Connected Tire, Intelligent Tire/TPMS)

10.4.2.2.2.           By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

10.4.2.2.3.           By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

10.4.2.2.4.           By Vehicle Type (Passenger Car, and Commercial Vehicle)

10.4.2.2.5.           By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

10.4.2.2.6.           By Distribution Channel (OEMs, Aftermarket)

10.4.3.  Colombia Smart Tire Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Volume and Value

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Product Type (Connected Tire, Intelligent Tire/TPMS)

10.4.3.2.2.           By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

10.4.3.2.3.           By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

10.4.3.2.4.           By Vehicle Type (Passenger Car, and Commercial Vehicle)

10.4.3.2.5.           By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

10.4.3.2.6.           By Distribution Channel (OEMs, Aftermarket)

11.  Middle East & Africa Smart Tire Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Product Type (Connected Tire, Intelligent Tire/TPMS)

11.1.2.  By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

11.1.3.  By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

11.1.4.  By Vehicle Type (Passenger Car, and Commercial Vehicle)

11.1.5.  By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

11.1.6.  By Distribution Channel (OEMs, Aftermarket)

11.1.7.  By Country

11.2.              South America Smart Tire Market Mapping and Opportunity

11.2.1.            Market Mapping and opportunity By Vehicle Type

11.2.2.            Market Mapping and opportunity By Country

11.3.              Middle East & Africa: Country Analysis

11.3.1.  Saudi Arabia Smart Tire Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Volume and Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Product Type (Connected Tire, Intelligent Tire/TPMS)

11.3.1.2.2.           By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

11.3.1.2.3.           By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

11.3.1.2.4.           By Vehicle Type (Passenger Car, and Commercial Vehicle)

11.3.1.2.5.           By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

11.3.1.2.6.           By Distribution Channel (OEMs, Aftermarket)

11.3.2.  Turkey Smart Tire Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Volume and Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Product Type (Connected Tire, Intelligent Tire/TPMS)

11.3.2.2.2.           By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

11.3.2.2.3.           By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

11.3.2.2.4.           By Vehicle Type (Passenger Car, and Commercial Vehicle)

11.3.2.2.5.           By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

11.3.2.2.6.           By Distribution Channel (OEMs, Aftermarket)

11.3.3.  South Africa Smart Tire Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Volume and Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Product Type (Connected Tire, Intelligent Tire/TPMS)

11.3.3.2.2.           By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

11.3.3.2.3.           By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

11.3.3.2.4.           By Vehicle Type (Passenger Car, and Commercial Vehicle)

11.3.3.2.5.           By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

11.3.3.2.6.           By Distribution Channel (OEMs, Aftermarket)

11.3.4.  Egypt Smart Tire Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Volume and Value

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Product Type (Connected Tire, Intelligent Tire/TPMS)

11.3.4.2.2.           By Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors)

11.3.4.2.3.           By Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire)

11.3.4.2.4.           By Vehicle Type (Passenger Car, and Commercial Vehicle)

11.3.4.2.5.           By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles)

11.3.4.2.6.           By Distribution Channel (OEMs, Aftermarket)

12.  Market Dynamics

12.1.              Drivers

12.1.1.                  Increasing Concerns Regarding Environment and Vehicle Safety

12.1.2.                  Rising Adoption of 5G Technology in Smart Tires

12.2.              Challenges

12.2.1.1.      Lack in raw material for Manufacturing Smart Tires

12.2.1.2.      Reliability Issues Faced by Smart Tire Sensors

13.  Market Trends & Developments

13.1.              Advancements in Fleet Management Solutions Through Smart Tires

13.2.              Usage of Smart Tires in Platooning Systems

13.3.              Growing Market Penetration Due to Addition of Market Players

14.  Porter’s Five Forces Model

14.1.              Competition Landscape

14.2.              Buyer Power

14.3.              Supplier Power

14.4.              Threat of New Entrants

14.5.              Threat of Substitutes

15.  Competitive Landscape

15.1.              Competition Outlook

15.1.1.  Continental AG

15.1.1.1.      Company Details

15.1.1.2.      Products & Services

15.1.1.3.      Financial (As Reported)

15.1.1.4.      Key Market Focus & Geographical Presence

15.1.1.5.      Recent Development

15.1.1.6.      Key Management Personnel

15.1.2.  Bridgestone Corporation

15.1.2.1.      Company Details

15.1.2.2.      Products & Services

15.1.2.3.      Financial (As Reported)

15.1.2.4.      Key Market Focus & Geographical Presence

15.1.2.5.      Recent Development

15.1.2.6.      Key Management Personnel

15.1.3.  The Michelin Group

15.1.3.1.      Company Details

15.1.3.2.      Products & Services

15.1.3.3.      Financial (As Reported)

15.1.3.4.      Key Market Focus & Geographical Presence

15.1.3.5.      Recent Development

15.1.3.6.      Key Management Personnel

15.1.4.  The Goodyear Tire & Rubber Co

15.1.4.1.      Company Details

15.1.4.2.      Products & Services

15.1.4.3.      Financial (As Reported)

15.1.4.4.      Key Market Focus & Geographical Presence

15.1.4.5.      Recent Development

15.1.4.6.      Key Management Personnel

15.1.5.  Pirelli & C. S.p.A

15.1.5.1.      Company Details

15.1.5.2.      Products & Services

15.1.5.3.      Financial (As Reported)

15.1.5.4.      Key Market Focus & Geographical Presence

15.1.5.5.      Recent Development

15.1.5.6.      Key Management Personnel

15.1.6.  The Yokohama Rubber Company, Limited

15.1.6.1.      Company Details

15.1.6.2.      Products & Services

15.1.6.3.      Financial (As Reported)

15.1.6.4.      Key Market Focus & Geographical Presence

15.1.6.5.      Recent Development

15.1.6.6.      Key Management Personnel

15.1.7.  Hankook Tire & Technology Co., Ltd

15.1.7.1.      Company Details

15.1.7.2.      Products & Services

15.1.7.3.      Financial (As Reported)

15.1.7.4.      Key Market Focus & Geographical Presence

15.1.7.5.      Recent Development

15.1.7.6.      Key Management Personnel

15.1.8.  Nokian Tyres Plc

15.1.8.1.      Company Details

15.1.8.2.      Products & Services

15.1.8.3.      Financial (As Reported)

15.1.8.4.      Key Market Focus & Geographical Presence

15.1.8.5.      Recent Development

15.1.8.6.      Key Management Personnel

15.1.9.  Toyo Tire Corporation

15.1.9.1.      Company Details

15.1.9.2.      Products & Services

15.1.9.3.      Financial (As Reported)

15.1.9.4.      Key Market Focus & Geographical Presence

15.1.9.5.      Recent Development

15.1.9.6.      Key Management Personnel

15.1.10.                JK Tyres & Industries Ltd

15.1.10.1.    Company Details

15.1.10.2.    Products & Services

15.1.10.3.    Financial (As Reported)

15.1.10.4.    Key Market Focus & Geographical Presence

15.1.10.5.    Recent Development

15.1.10.6.    Key Management Personnel

16.  Strategic Recommendations/Action Plan

16.1.              Key Focus Areas

16.2.              Target Regions & Countries

16.3.              Target Type

17.Target Category

Figures and Tables

Frequently asked questions

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Smart tires can measure inflation pressure, temperature, footprint dimensions, and the tire contract forces.

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North America has the highest market share followed by Europe in the global smart tire market.

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Some of the drivers for the global smart tires market are use of smart tires in platooning systems, rising adoption of 5G technology in smart tires, etc.

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Some of the major companies in Global Smart Tire Market are Continental AG, Bridgestone Corporation, Michelin, The Goodyear Tire & Rubber Co, Pirelli & C. S.p.A, The Yokohama Rubber Company Limited, Hankook Tire & Technology Co, etc.

Related Reports

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Srishti Verma

Business Consultant
Press Release

Smart Tire Market to Grow at Robust Rate Through 2030

Dec, 2022

Rising vehicle safety and environment concern among the people has driven the demand for smart tire in the market across the globe.

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