Smart Tire Market
Smart Tire Market Analysis by Connected Tires and Intelligent Tires for Passenger Cars, Commercial Vehicles, and Electric Vehicles from 2023 to 2033
Analysis of Smart Tire Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Smart Tire Market Outlook (2023 to 2033)
The global smart tire market is valued at US$ 95 billion in 2023 and is projected to reach US$ 200 billion by 2033-end, advancing at a noteworthy CAGR of 7.8% over the decade.
Smart tires improve tire performance by sensing road conditions and changing tire pressure and terrain adaptability to perform with little wear and tear. All major tire manufacturers are investing in smart tire research and development; however, the features of a tire differ depending on the manufacturer.
Rising integration of technological technologies in a vehicle, such as connected tires and tire pressure monitoring systems, helps avoid failure in tires. Incorporation of sensor systems into tires that provide real-time data analysis to vehicle users is on the rise. Tire producers are investing in technical advancements such as B-tag systems to monitor tire pressure and temperature. The mechanism notifies the driver of the need for maintenance.
Technological advancements in the automotive industry, driven by autonomous driving and networked vehicles, have extended to every aspect of the car. One such component, automotive tubeless tires, has become increasingly sophisticated, serving as complex vehicle management systems that provide real-time data on various parameters, including tire pressure, temperature, tread wear and depth, road conditions, load detection, and other essential characteristics.
Installation of sensors allows for the monitoring of tire health and the transfer of data regarding temperature, pressure, and tread depth to the vehicle's electronic control unit (ECU), which interacts with the vehicle's onboard computers to improve stability and ABS adjustments.
| Report Attributes | Details |
|---|---|
|
Smart Tire Market Size (2022) |
US$ 88 Billion |
|
Estimated Market Value (2023) |
US$ 95 Billion |
|
Forecasted Market Value (2033) |
US$ 200 Billion |
|
Global Market Growth Rate (2023 to 2033) |
7.8% CAGR |
|
China Market Growth Rate (2023 to 2033) |
6% CAGR |
|
Intelligent Tires Segment Growth Rate (2023 to 2033) |
5% CAGR |
|
TPMS Segment Growth Rate (2023 to 2033) |
4.5% CAGR |
|
Key Companies Profiled |
|
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What are the Primary Factors Driving the Demand Growth for Smart Tires?
“Rising Uncertainties Regarding Environmental Sustainability and Vehicle Safety”
People are becoming increasingly concerned about the environment and car safety. As a result of these concerns, manufacturers of smart tires have developed market specifications for the ideal tire. Automotive tires must be manufactured using a wide range of raw materials and energy sources.
Natural resources that are not renewable are also among the raw materials, and increased tire manufacturing is expected to speed up their depletion. Airless tires, which are engineered to last longer than normal tires, aid to reduce the frequency of tire replacement for automobiles. Tire recycling is another significant energy consumer. Longer tire life reduces the number of tires disposed of in landfills or recycled, and it uses less energy to manufacture replacement tires.
“Increasing Integration of 5G Technology with Smart Tires”
5G-connected tires are equipped with small sensors, processors, and communication discs embedded inside the tire. This innovative technology enables continuous monitoring of key tire parameters such as tire pressure, tread depth, tire temperature, acceleration, and even the detection of water and ice on the road. Compared to the commonly used Bluetooth technology in wireless tire pressure monitoring systems, 5G technology offers a higher frequency range and a more robust communication channel, making it superior in performance.
The effectiveness of 5G technology extends beyond individual tire monitoring. With its ability to facilitate vehicle-to-vehicle communication, 5G paves the way for the integration of smart tires in passenger vehicles.
- For instance, renowned tire manufacturer Pirelli has been a trailblazer in the development of "Cyber Tires" that are equipped with 5G capabilities. These tires find applications in truck fleet management, further showcasing the potential of 5G connectivity in enhancing operational efficiency.
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Can Demand for Smart Tires Be Affected in Any Way?
“Limited Retrofitting Options and Data Privacy & Security Concerns”
Smart tire technologies often involve additional components such as sensors, microchips, and connectivity features, which can increase the overall cost of tires. The higher cost can deter some consumers from adopting smart tires, particularly in price-sensitive markets.
Retrofitting existing vehicles with smart tire technology can be challenging and costly. It may require significant modifications to the vehicle's systems and infrastructure, making it less feasible for older vehicles or those without compatible integration capabilities.
Smart tires collect and transmit data about tire conditions and vehicle performance. This raises concerns about data privacy and security. Ensuring secure data transmission and addressing potential vulnerabilities is crucial to building trust among consumers and maintaining their confidence in smart tire technologies.
“Interoperability Challenges Due to Lack of Standardization and Limited Awareness of Benefits of Smart Tire Technologies”
Lack of standardization in smart tire technologies poses challenges to interoperability and compatibility between different tire brands and vehicle systems. Harmonizing industry standards and ensuring compatibility across different manufacturers is essential for widespread adoption and seamless integration.
The effective functioning of smart tire technologies depends on robust communication infrastructure. Areas with limited or inadequate network coverage may face challenges in utilizing the full potential of smart tire features, especially in remote or rural locations.
Many consumers are unaware of the benefits and capabilities of smart tire technologies. A lack of knowledge and understanding about these advancements can impede market growth. Efforts to educate consumers and create awareness about the advantages of smart tires are essential to drive adoption.
Country-wise Insights
Which Market Trends are Driving the Demand for Smart Tires in China?
“Increasing Adoption of Autonomous Vehicles in the Country”
The smart tire market in China is projected to expand at a CAGR of 6% during the forecast period.
China, as the world's largest automobile market and a major automotive manufacturer, holds a significant position in the global automotive industry. It is poised for substantial growth, driven by factors such as the increasing adoption of autonomous vehicles and a thriving domestic market. The Chinese automotive industry is set to benefit from the country's growing industrial investments, expanding domestic market, and supportive government initiatives.
The robust electronics manufacturing sector in the country has witnessed remarkable growth, presenting opportunities for smart tire manufacturers to collaborate with top companies in the smart tire market. Such partnerships can facilitate the development of cost-efficient smart tire solutions. Additionally, the country's rapidly increasing adoption of autonomous vehicles, particularly in shared mobility services, is expected to further boost the automotive industry.
24x7 operational capabilities and lower labor costs associated with self-driving vehicles make them particularly attractive for shared mobility services. Consequently, the rise in demand for autonomous vehicles is anticipated to boost the development of smart tires across the country.
What are the Opportunities for Smart Tire Manufacturers in Germany?
“Rapid Technological Advancements in Electric & Autonomous Vehicles and Rising Research Investments for Enhanced Tire Performance”
The smart tire market in Germany is experiencing growth and holds significant potential. As a leading automotive market, Germany is at the forefront of adopting advanced technologies and key innovations in the smart tire market.
Germany boasts a strong automotive industry with a focus on innovation and technology. This has paved the way for the development and adoption of smart tire technologies. German tire manufacturers are actively investing in research and development to enhance tire performance, safety, and connectivity.
The country places a strong emphasis on road safety, and smart tires play a vital role in ensuring optimal tire conditions and reducing accidents caused by tire-related issues. The German automotive industry's commitment to safety standards drives the demand for smart tire solutions that offer real-time monitoring and advanced safety features.
Germany is a significant market for electric and autonomous vehicles. Smart tire technologies can complement the performance and safety requirements of these vehicles by providing real-time data on tire conditions and integrating with advanced driver assistance systems.
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Category-wise Insights
What is Lead to the Widespread Adoption of Intelligent Tires?
“Real-time Monitoring, Optimized Fuel Efficiency, and Enhanced Vehicle Connectivity Offered by Intelligent Tires”
Sales of intelligent tires are anticipated to rise at a steady CAGR of 4% during the forecast period.
Intelligent tires, also known as smart tires, represent a significant advancement in the field of automotive technology. These innovative tires incorporate advanced sensors, connectivity features, and data analytics capabilities to provide real-time monitoring and enhance overall performance. The intelligent tires segment within the smart tire market offers exciting growth prospects and several benefits for vehicle safety, efficiency, and convenience.
Maintaining optimal tire pressure and tread wear enhances fuel efficiency and reduces carbon emissions. Additionally, the data analytics capabilities of intelligent tires enable drivers to optimize driving patterns and maintenance schedules, further enhancing efficiency and reducing environmental impact.
Seamless integration with connected vehicles and IoT platforms is another advantage of intelligent tires. They communicate with the vehicle's onboard systems, enabling coordinated responses and enhancing overall vehicle performance. This integration also facilitates remote monitoring, predictive maintenance, and real-time updates, providing convenience and peace of mind to both drivers and fleet managers.
Why are TPMS Sensors Widely Used in Smart Tires?
“Real-time Pressure Monitoring and Tire Life Extension Capabilities of TPMS Sensors”
Utilization of TPMS is predicted to rise at a CAGR of 4.5% during the forecast period.
The tire pressure monitoring system (TPMS) is a key component of smart tires that contributes to improved vehicle safety and performance. TPMS technology constantly monitors the air pressure within tires and provides real-time information to the driver, ensuring optimal tire conditions and reducing the risk of accidents caused by underinflated or overinflated tires. The integration of TPMS in smart tires offers several benefits and enhances the overall driving experience.
TPMS sensors embedded in smart tires continuously monitor tire pressure and detect any deviations from the recommended levels. In case of low pressure, the system alerts the driver, allowing them to take immediate action and inflate the tire to the appropriate pressure. This proactive monitoring prevents tire underinflation, which can lead to increased tire wear, reduced fuel efficiency, and potential tire failures.
Appropriate tire pressure significantly impacts tire lifespan. Overinflated or underinflated tires can cause uneven tread wear and reduce the overall durability of the tire. TPMS in smart tires ensures that tires are inflated to the manufacturer's recommended pressure, promoting even wear patterns and extending tire life.
Competitive Landscape
The global smart tire industry is fairly fragmented, with few large- and medium-sized market participants accounting for the vast bulk of revenue. Major businesses are using a variety of strategies, including mergers and acquisitions, strategic partnerships and contracts, and the development, testing, and introduction of more efficient and high-performance smart tires.
- Goodyear Tire & Rubber Company completed the acquisition of Cooper Tire & Rubber Company in June 2021. The merger brings together two top tire firms with complementary product portfolios, services, and capabilities, resulting in increased global tire industry leadership. The companies are set to work together to focus on consumers, cutting-edge technology, and high-quality products and solutions.
- Pirelli & C. S.p.A. introduced its first high-load index tire in July 2021, which is a new form of tire particularly catering to electric or hybrid cars and SUBs and meant to sustain larger vehicles while also supporting 20% more weight than regular types of tires.
Key Segments of Smart Tire Industry Research
-
By Product Type :
- Connected Tires
- Intelligent Tires
-
By Technology :
- Pneumatic Tires
- Run-flat Tires
- Non-pneumatic Tires
-
By Sensor :
- TPMS (Tire Pressure Monitoring Systems)
- Accelerometers
- Strain Gauge Sensors
- RFID Sensors
-
By Vehicle Type :
- Passenger Cars
- Commercial Vehicles
- Electric Vehicles
-
By Sales Channel :
- OEMs
- Aftermarket
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Market Background 4.1. Macro-Economic Factors 4.1.1. Rise in Expenditure 4.1.2. Increased Per Capita Expenditure 4.2. Forecast Factors - Relevance & Impact 4.2.1. Product in Pipeline 4.2.2. Regulatory Scenario 4.2.3. Mergers and Acquisitions 4.2.4. Collaborative Agreements 4.2.5. Value Chain 4.3. Market Dynamics 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunity Analysis 4.4. COVID19 Crisis Analysis 4.4.1. Current COVID19 Statistics and Probable Future Impact 4.4.2. Current GDP Projection and Probable Impact 4.4.3. Current Economic Projection as Compared to 2008 Economic analysis 4.4.4. COVID19 and Impact Analysis 4.4.4.1. Revenue By Product Type 4.4.4.2. Revenue By Sensor 4.4.4.3. Revenue By Technology 4.4.4.4. Revenue By Vehicle Type 4.4.4.5. Revenue By Sales Channel 4.4.4.6. Revenue By Country 4.4.5. 2020 Market Scenario 4.4.6. Quarter by Quarter Forecast 4.4.7. Projected Recovery Quarter 4.4.8. Recovery Scenario – Short term, Midterm and Long Term Impact 5. Market Context 5.1. Adoption and Usage Analysis 5.2. Market Evolution 5.3. Product Vs Sensor Matrix 5.4. Regulatory Scenario 5.5. Parent Market Analysis 5.6. Key Promotional Strategies by Market Players 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis By Product Type 6.2. Pricing Break-up 6.2.1. Manufacturer Level Pricing 6.2.2. Distributor Level Pricing 6.3. Global Average Pricing Analysis Benchmark 7. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Value (US$ Mn) Analysis, 2018 to 2022 7.2. Current and Future Market Value (US$ Mn) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Mn) Analysis By Product Type, 2018 to 2022 8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product Type, 2023 to 2033 8.3.1. Connected Tires 8.3.2. Intelligent Tires 8.4. Market Attractiveness Analysis By Product Type 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Technology 9.1. Introduction / Key Findings Nature Size, 2018 to 2022 9.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Technology, 2023 to 2033 9.2.1. Pneumatic Tires 9.2.2. Run-flat Tires 9.2.3. Non-pneumatic Tires 9.3. Market Attractiveness Analysis By Technology 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Sensor 10.1. Introduction / Key Findings Sensor Size, 2018 to 2022 10.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Sensor, 2023 to 2033 10.2.1. TPMS (Tire Pressure Monitoring Systems) 10.2.2. Accelerometers 10.2.3. Strain Gauge Sensors 10.2.4. RFID Sensors 10.3. Market Attractiveness Analysis By Sensor 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Vehicle Type 11.1. Introduction / Key Findings Size, 2018 to 2022 11.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Vehicle Type, 2023 to 2033 11.2.1. Passenger Cars 11.2.2. Commercial Vehicles 11.2.3. Electric Vehicles 11.3. Market Attractiveness Analysis By Vehicle Type 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Sales Channel 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Mn) Analysis By Sales Channel, 2018 to 2022 12.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Sales Channel, 2023 to 2033 12.3.1. OEMs 12.3.2. Aftermarket 12.4. Market Attractiveness Analysis By Sales Channel 13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 13.1. Introduction 13.2. Historical Market Size (US$ Mn) Analysis By Region, 2018 to 2022 13.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2023 to 2033 13.3.1. North America 13.3.2. Latin America 13.3.3. Europe 13.3.4. East Asia 13.3.5. South Asia 13.3.6. Oceania 13.3.7. Middle East and Africa (MEA) 13.4. Market Attractiveness Analysis By Region 14. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033 14.3.1. By Country 14.3.1.1. United States 14.3.1.2. Canada 14.3.2. By Product Type 14.3.3. By Nature 14.3.4. By Sensor 14.3.5. By Vehicle Type 14.3.6. By Sales Channel 14.4. Market Attractiveness Analysis 14.5. Market Trends 14.6. Key Market Participants - Intensity Mapping 14.7. Drivers and Restraints - Impact Analysis 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033 15.3.1. By Country 15.3.1.1. Germany 15.3.1.2. Italy 15.3.1.3. France 15.3.1.4. United Kingdom 15.3.1.5. Spain 15.3.1.6. Rest of Europe 15.3.2. By Product Type 15.3.3. By Nature 15.3.4. By Sensor 15.3.5. By Vehicle Type 15.3.6. By Sales Channel 15.4. Market Attractiveness Analysis 15.5. Market Trends 15.6. Key Market Participants - Intensity Mapping 15.7. Drivers and Restraints - Impact Analysis 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033 16.3.1. By Country 16.3.1.1. GCC Countries 16.3.1.2. South Africa 16.3.1.3. Rest of Middle East and Africa 16.3.2. By Product Type 16.3.3. By Nature 16.3.4. By Sensor 16.3.5. By Vehicle Type 16.3.6. By Sales Channel 16.4. Market Attractiveness Analysis 16.5. Market Trends 16.6. Key Market Participants - Intensity Mapping 16.7. Drivers and Restraints - Impact Analysis 17. Rest of the World Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17.1. Introduction 17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022 17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033 17.3.1. By Product Type 17.3.2. By Technology 17.3.3. By Sensor 17.3.4. By Vehicle Type 17.3.5. By Sales Channel 17.4. Market Attractiveness Analysis 17.5. Market Trends 17.6. Key Market Participants - Intensity Mapping 17.7. Drivers and Restraints - Impact Analysis 18. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18.1. Introduction 18.1.1. Market Value Proportion Analysis, By Key Countries 18.1.2. Global Vs. Country Growth Comparison 18.2. United States Market Analysis 18.2.1. By Product Type 18.2.2. By Technology 18.2.3. By Sensor 18.2.4. By Vehicle Type 18.2.5. By Sales Channel 18.3. Canada Market Analysis 18.3.1. By Product Type 18.3.2. By Technology 18.3.3. By Sensor 18.3.4. By Vehicle Type 18.3.5. By Sales Channel 18.4. United Kingdom Market Analysis 18.4.1. By Product Type 18.4.2. By Technology 18.4.3. By Sensor 18.4.4. By Vehicle Type 18.4.5. By Sales Channel 18.5. Germany Market Analysis 18.5.1. By Product Type 18.5.2. By Technology 18.5.3. By Sensor 18.5.4. By Vehicle Type 18.5.5. By Sales Channel 18.6. France Market Analysis 18.6.1. By Product Type 18.6.2. By Technology 18.6.3. By Sensor 18.6.4. By Vehicle Type 18.6.5. By Sales Channel 18.7. Italy Market Analysis 18.7.1. By Product Type 18.7.2. By Technology 18.7.3. By Sensor 18.7.4. By Vehicle Type 18.7.5. By Sales Channel 18.8. Spain Market Analysis 18.8.1. By Product Type 18.8.2. By Technology 18.8.3. By Sensor 18.8.4. By Vehicle Type 18.8.5. By Sales Channel 18.8.6. By Sales Channel 18.9. GCC Countries Market Analysis 18.9.1. By Product Type 18.9.2. By Technology 18.9.3. By Sensor 18.9.4. By Vehicle Type 18.9.5. By Sales Channel 18.10. South Africa Market Analysis 18.10.1. By Product Type 18.10.2. By Technology 18.10.3. By Sensor 18.10.4. By Vehicle Type 18.10.5. By Sales Channel 19. Market Structure Analysis 19.1. Market Analysis by Tier of Companies 19.2. Market Concentration 19.3. Market Share Analysis of Top Players 19.4. Market Presence Analysis 19.4.1. By Regional footprint of Players 19.4.2. Product foot print by Players 19.4.3. Channel Foot Print by Players 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. The Goodyear Tire & Rubber Co. 20.3.1.1. Overview 20.3.1.2. Product Portfolio 20.3.1.3. Analyst Commentary 20.3.1.4. Key Financials 20.3.1.5. Recent Developments 20.3.1.6. Sales Footprint 20.3.1.7. Strategy Overview 20.3.1.7.1. Marketing Strategy 20.3.1.7.2. Product Strategy 20.3.1.7.3. Channel Strategy 20.3.2. NEXEN TIRE Corporation 20.3.2.1. Overview 20.3.2.2. Product Portfolio 20.3.2.3. Analyst Commentary 20.3.2.4. Key Financials 20.3.2.5. Recent Developments 20.3.2.6. Sales Footprint 20.3.2.7. Strategy Overview 20.3.2.7.1. Marketing Strategy 20.3.2.7.2. Product Strategy 20.3.2.7.3. Channel Strategy 20.3.3. Michelin Group 20.3.3.1. Overview 20.3.3.2. Product Portfolio 20.3.3.3. Analyst Commentary 20.3.3.4. Key Financials 20.3.3.5. Recent Developments 20.3.3.6. Sales Footprint 20.3.3.7. Strategy Overview 20.3.3.7.1. Marketing Strategy 20.3.3.7.2. Product Strategy 20.3.3.7.3. Channel Strategy 20.3.4. Bridgestone Corporation 20.3.4.1. Overview 20.3.4.2. Product Portfolio 20.3.4.3. Analyst Commentary 20.3.4.4. Key Financials 20.3.4.5. Recent Developments 20.3.4.6. Sales Footprint 20.3.4.7. Strategy Overview 20.3.4.7.1. Marketing Strategy 20.3.4.7.2. Product Strategy 20.3.4.7.3. Channel Strategy 20.3.5. Continental AG 20.3.5.1. Overview 20.3.5.2. Product Portfolio 20.3.5.3. Analyst Commentary 20.3.5.4. Key Financials 20.3.5.5. Recent Developments 20.3.5.6. Sales Footprint 20.3.5.7. Strategy Overview 20.3.5.7.1. Marketing Strategy 20.3.5.7.2. Product Strategy 20.3.5.7.3. Channel Strategy 20.3.6. Pirelli & C. S.p.A. 20.3.6.1. Overview 20.3.6.2. Product Portfolio 20.3.6.3. Analyst Commentary 20.3.6.4. Key Financials 20.3.6.5. Recent Developments 20.3.6.6. Sales Footprint 20.3.6.7. Strategy Overview 20.3.6.7.1. Marketing Strategy 20.3.6.7.2. Product Strategy 20.3.6.7.3. Channel Strategy 20.3.7. Sumitomo Rubber Industries, Ltd. 20.3.7.1. Overview 20.3.7.2. Product Portfolio 20.3.7.3. Analyst Commentary 20.3.7.4. Key Financials 20.3.7.5. Recent Developments 20.3.7.6. Sales Footprint 20.3.7.7. Strategy Overview 20.3.7.7.1. Marketing Strategy 20.3.7.7.2. Product Strategy 20.3.7.7.3. Channel Strategy 21. Assumptions and Acronyms Used 22. Research Methodology
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List Of Table
Table 01: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
Table 02: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
Table 03: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sensor
Table 04: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
Table 05: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
Table 06: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type Age Group
Table 07: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
Table 08: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
Table 10: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sensor
Table 11: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
Table 12: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
Table 13: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
Table 14: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
Table 16: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sensor
Table 17: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
Table 18: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
Table 19: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
Table 20: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
Table 22: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sensor
Table 23: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
Table 24: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
Table 25: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
Table 26: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
Table 27: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sensor
Table 28: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
Table 29: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
Table 30: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033
Figure 02: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 03: Global Market Share Analysis (%), By Product Type, 2023 & 2033
Figure 04: Global Market Y-o-Y Analysis (%), By Product Type, 2023 to 2033
Figure 05: Global Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 06: Global Market Share Analysis (%), By Technology, 2023 & 2033
Figure 07: Global Market Y-o-Y Analysis (%), By Technology, 2023 to 2033
Figure 08: Global Market Attractiveness Analysis By Technology, 2023 to 2033
Figure 09: Global Market Share Analysis (%), By Sensor, 2023 & 2033
Figure 10: Global Market Y-o-Y Analysis (%), By Sensor, 2023 to 2033
Figure 11: Global Market Attractiveness Analysis By Sensor, 2023 to 2033
Figure 12: Global Market Share Analysis (%), By Vehicle Type, 2023 & 2033
Figure 13: Global Market Y-o-Y Analysis (%), By Vehicle Type, 2023 to 2033
Figure 14: Global Market Attractiveness Analysis By Vehicle Type, 2023 to 2033
Figure 15: Global Market Share Analysis (%), By Sales Channel, 2023 & 2033
Figure 16: Global Market Y-o-Y Analysis (%), By Sales Channel , 2023 to 2033
Figure 17: Global Market Attractiveness Analysis, By Sales Channel, 2023 to 2033
Figure 18: Global Market Share Analysis (%), By Vehicle Type Age Group, 2023 & 2033
Figure 19: Global Market Y-o-Y Analysis (%), By Vehicle Type Age Group, 2023 to 2033
Figure 20: Global Market Attractiveness Analysis By Vehicle Type Age Group, 2023 to 2033
Figure 21: Global Market Share Analysis (%), By Region, 2023 & 2033
Figure 22: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 23: Global Market Attractiveness Analysis, By Region, 2023 to 2033
Figure 24: North America Market Value Share, By Product Type, 2023 (E)
Figure 25: North America Market Value Share, By Sensors 2023 (E)
Figure 26: North America Market Value Share, By Technology, 2023 (E)
Figure 27: North America Market Value Share, By Vehicle Type, 2023 (E)
Figure 28: North America Market Value Share, By Sales Channel, 2023 (E)
Figure 29: North America Market Value Share, By Country, 2023 (E)
Figure 30: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033
Figure 31: North America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 32: North America Market Attractiveness Analysis By Sensor, 2023 to 2033
Figure 33: North America Market Attractiveness Analysis By Technology, 2023 to 2033
Figure 34: North America Market Attractiveness Analysis By Vehicle Type, 2023 to 2033
Figure 35: North America Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 36: North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 37: Europe Market Value Share, By Product Type, 2023 (E)
Figure 38: Europe Market Value Share, By Sensors 2023 (E)
Figure 39: Europe Market Value Share, By Technology, 2023 (E)
Figure 40: Europe Market Value Share, By Vehicle Type, 2023 (E)
Figure 41: Europe Market Value Share, By Sales Channel, 2023 (E)
Figure 42: Europe Market Value Share, By Country, 2023 (E)
Figure 43: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033
Figure 44: Europe Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 45: Europe Market Attractiveness Analysis By Sensor, 2023 to 2033
Figure 46: Europe Market Attractiveness Analysis By Technology, 2023 to 2033
Figure 47: Europe Market Attractiveness Analysis By Vehicle Type, 2023 to 2033
Figure 48: Europe Market Attractiveness Analysis By Technology, 2023 to 2033
Figure 49: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 50: Middle East and Africa Market Value Share, By Product Type, 2023 (E)
Figure 51: Middle East and Africa Market Value Share, By Sensor, 2023 (E)
Figure 52: Middle East and Africa Market Value Share, By Technology, 2023 (E)
Figure 53: Middle East and Africa Market Value Share, By Vehicle Type, 2023 (E)
Figure 54: Middle East and Africa Market Value Share, By Sales Channel, 2023 (E)
Figure 55: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 56: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033
Figure 57: Middle East and Africa Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 58: Middle East and Africa Market Attractiveness Analysis By Sensor, 2023 to 2033
Figure 59: Middle East and Africa Market Attractiveness Analysis By Technology, 2023 to 2033
Figure 60: Middle East and Africa Market Attractiveness Analysis By Vehicle Type, 2023 to 2033
Figure 61: Middle East and Africa Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 62: Middle East and Africa Market Attractiveness Analysis By Country, 2023 to 2033
Figure 63: Rest of the World Market Value Share, By Product Type, 2023 (E)
Figure 64: Rest of the World Market Value Share, By Sensors 2023 (E)
Figure 65: Rest of the World Market Value Share, By Technology, 2023 (E)
Figure 66: Rest of the World Market Value Share, By Vehicle Type, 2023 (E)
Figure 67: Rest of the World Market Value Share, By Sales Channel, 2023 (E)
Figure 68: Rest of the World Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033
Figure 69: Rest of the World Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 70: Rest of the World Market Attractiveness Analysis By Sensor, 2023 to 2033
Figure 71: Rest of the World Market Attractiveness Analysis By Technology, 2023 to 2033
Figure 72: Rest of the World Smart Tire Market Attractiveness Analysis By Vehicle Type, 2023 to 2033
Figure 73: Rest of the World Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 74: United States Market Value Share, By Product Type, 2023 & 2033
Figure 75: United States Market Value Share, By Sensor, 2023 & 2033
Figure 76: United States Market Value Share, By Technology, 2020 &2030
Figure 77: United States Market Value Share, By Vehicle Type Age Group, 2023 & 2033
Figure 78: United States Market Value Share, By Sales Channel, 2023 & 2033
Figure 79: United States Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Canada Market Value Share, By Product Type, 2023 & 2033
Figure 81: Canada Market Value Share, By Sensor, 2023 & 2033
Figure 82: Canada Market Value Share, By Technology, 2023 & 2033
Figure 83: Canada Market Value Share, By Vehicle Type Age Group, 2023 & 2033
Figure 84: Canada Market Value Share, By Sales Channel, 2023 & 2033
Figure 85: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: United Kingdom Market Value Share, By Product Type, 2023 & 2033
Figure 87: United Kingdom Market Value Share, By Sensor, 2023 & 2033
Figure 88: United Kingdom Market Value Share, By Technology, 2023 & 2033
Figure 89: United Kingdom Market Value Share, By Vehicle Type Age Group, 2023 & 2033
Figure 90: United Kingdom Market Value Share, By Sales Channel, 2023 & 2033
Figure 91: United Kingdom Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: Germany Market Value Share, By Product Type, 2023 & 2033
Figure 93: Germany Market Value Share, By Sensor, 2023 & 2033
Figure 94: Germany Market Value Share, By Technology, 2023 & 2033
Figure 95: Germany Market Value Share, By Vehicle Type Age Group, 2023 & 2033
Figure 96: Germany Market Value Share, By Sales Channel, 2023 & 2033
Figure 97: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: France Market Value Share, By Product Type, 2023 & 2033
Figure 99: France Market Value Share, By Sensor, 2023 & 2033
Figure 100: France Market Value Share, By Technology, 2023 & 2033
Figure 101: France. Market Value Share, By Vehicle Type Age Group, 2023 & 2033
Figure 102: France Market Value Share, By Sales Channel, 2023 & 2033
Figure 103: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: Italy Market Value Share, By Product Type, 2023 & 2033
Figure 105: Italy Market Value Share, By Sensor, 2023 & 2033
Figure 106: Italy Market Value Share, By Technology, 2023 & 2033
Figure 107: Italy Market Value Share, By Vehicle Type Age Group, 2023 & 2033
Figure 108: Italy Market Value Share, By Sales Channel, 2023 & 2033
Figure 109: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: Spain Market Value Share, By Product Type, 2023 & 2033
Figure 111: Spain Market Value Share, By Sensor, 2023 & 2033
Figure 112: Spain Market Value Share, By Technology, 2023 & 2033
Figure 113: Spain Market Value Share, By Vehicle Type Age Group, 2023 & 2033
Figure 114: Spain Market Value Share, By Sales Channel, 2023 & 2033
Figure 115: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: GCC Countries. Market Value Share, By Product Type, 2023 & 2033
Figure 117: GCC Countries Market Value Share, By Sensor, 2023 & 2033
Figure 118: GCC Countries Market Value Share, By Technology, 2023 & 2033
Figure 119: GCC Countries Market Value Share, By Vehicle Type, 2023 & 2033
Figure 120: GCC Countries Market Value Share, By Sales Channel, 2023 & 2033
Figure 121: GCC Countries Smart Tire Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: South Africa Market Value Share, By Product Type, 2023 & 2033
Figure 123: South Africa Market Value Share, By Sensor, 2023 & 2033
Figure 124: South Africa Market Value Share, By Technology, 2023 & 2033
Figure 125: South Africa Market Value Share, By Vehicle Type Age Group, 2023 & 2033
Figure 126: South Africa Smart Tire Market Value Share, By Sales Channel, 2023 & 2033
Figure 127: South Africa Smart Tire Market Value Analysis (US$ Mn), 2023 & 2033
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- FAQs -
What is the value of the smart tire market in 2023?
The global smart tire market is valued at US$ 95 billion in 2023.
What is the forecasted growth rate for the demand for smart tires?
Worldwide demand for smart tires is set to increase at a CAGR of 7.8% from 2023 to 2033.
What is the sales outlook for smart tires for 2033?
Global sales of smart tires are set to reach US$ 200 billion by 2033.
At what rate is the demand for smart tires predicted to increase in China?
Demand for smart tires is forecasted to increase at a CAGR of 6% in China.
Who are the leading manufacturers of smart tires?
Goodyear Tire & Rubber, NEXEN TIRE Corporation, and Michelin Group are key manufacturers of smart tires.
Smart Tire Market