Global Connected Tire Market report from Global Insight Services is the single authoritative source of intelligence on Connected Tire Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A connected tire is a tire that is equipped with sensors and other technology that allows it to communicate with the outside world. This communication can take many forms, including sending data about the tires condition to a central database, transmitting real-time information about the tires location to a GPS system, or sending alerts to the driver if the tires pressure or temperature falls outside of safe levels.
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Key Trends
The key trends in connected tire technology are the development of more sophisticated sensors and the integration of those sensors with other systems within the vehicle. The goal is to provide drivers with more information about the condition of their tires and the road surface, and to enable the tires to adjust their level of grip automatically in response to changing conditions.
One of the most promising applications of connected tire technology is in the area of safety. By constantly monitoring the condition of the tires and the road surface, the system can provide warnings to the driver in the event of a potential issue.
In addition to safety applications, connected tire technology can also be used to improve fuel economy. By automatically adjusting the level of grip based on the conditions, the system can help to reduce the amount of energy that is wasted in overcoming tire slippage.
The development of connected tire technology is still in its early stages, but the potential applications are numerous and the potential benefits are significant. As the technology continues to evolve, it is likely that we will see even more innovative and exciting applications for this exciting new technology.
Key Drivers
The key drivers of the Connected Tire market are the need for real-time tire data, the increasing demand for safety and security, and the need for predictive maintenance.
The Connected Tire market is driven by the need for real-time tire data. Tires are one of the most important components of a vehicle, and they play a critical role in the safety and performance of a vehicle. However, tires are often under-inflated, which can lead to poor fuel economy, increased wear and tear, and reduced safety. .
The Connected Tire market is also driven by the increasing demand for safety and security. Tires are a leading cause of accidents, and they can often be the difference between a safe journey and a dangerous one.
The Connected Tire market is also driven by the need for predictive maintenance. Tires are a critical component of a vehicle, and they need to be regularly maintained in order to ensure their safety and performance. Connected tires can provide data on tire pressure, temperature, and tread depth, which can help to predict when a tire needs to be replaced or repaired.
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Market Segments
The Connected Tire Market is segmented by rim size, sales channel, vehicle, and region. By rim size, the market is divided into 12″ – 17″, 18″ – 21″, > 22″. Based on sales channel, it is bifurcated into OEMs and aftermarket. On the basis of vehicle, it is classified into passenger vehicles and commercial vehicles. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Connected Tire Market includes players such as Michelin , Pirelli & C. S.p.A., Goodyear Tire & Rubber Company, Continental AG, Bridgestone Corporation, Nokian Tyres plc, Trelleborg AB, Sumitomo Rubber Industries, Ltd., JK Tyres, and Toyo Tires.
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