Report ID : 1294399 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Automotive Intelligent Tires Market is categorized based on Tire Type (Passenger Car Tires, Light Truck Tires, Heavy Truck Tires, Two-Wheeler Tires, Specialty Tires) and Technology (Pressure Monitoring Systems, Temperature Monitoring Systems, Wear Monitoring Systems, Adaptive Tire Technologies, Telematics Systems) and Application (Passenger Vehicles, Commercial Vehicles, Motorcycles, Electric Vehicles, Off-Road Vehicles) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
As of 2023, the Automotive Intelligent Tires Market size stood at $2.5 billion and is expected to attain $10 billion by 2033, growing at a 15.2% CAGR from 2024 through 2033. The report includes diverse segments and offers an analysis of trends and factors substantially impacting the market.
The Automotive Intelligent Tires Market is a brilliant sector across the automotives industry which is quickly emerging because of the rising need for vehicle safety, performance, and efficiency. As vehicles become more complex per case, the incorporation of smart technologies into tire design is becoming necessary. Intelligent tires that have sensors and analytics built in will give fleet owners and drivers real time information regarding the tire condition, tire pressure, tire temperature, and even the road conditions. This allows the operators to optimize performance and be proactive in potential issues that may result.
The market is impacted by the increasing awareness towards road safety, the growing number of electric and self-driving automobiles, and even the global requirements for sustainable mobility. Innovation in the development of electric and self-driving automobiles is crucial especially as consumer expectations rise. The intelligent tire technology represents a large step forward in these efforts. The Autonomous Intelligent Tire Market is ready for momentous growth and offers a wide range of opportunities for providers passionate about innovation focused on facilitating driving and safeguarding nature.
ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2023-2033 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2033 |
HISTORICAL PERIOD | 2023-2024 |
UNIT | VALUE (USD BILLION) |
KEY COMPANIES PROFILED | Bridgestone Corporation, Michelin, Goodyear Tire & Rubber Company, Continental AG, Pirelli & C. S.p.A., Hankook Tire & Technology Co. Ltd., Dunlop Tyres, Sumitomo Rubber Industries Ltd., Nokian Tyres plc, Yokohama Rubber Company, Toyo Tire Corporation |
SEGMENTS COVERED |
By Tire Type - Passenger Car Tires, Light Truck Tires, Heavy Truck Tires, Two-Wheeler Tires, Specialty Tires By Technology - Pressure Monitoring Systems, Temperature Monitoring Systems, Wear Monitoring Systems, Adaptive Tire Technologies, Telematics Systems By Application - Passenger Vehicles, Commercial Vehicles, Motorcycles, Electric Vehicles, Off-Road Vehicles By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
The Automotive Intelligent Tires Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
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