Intelligent Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

 

Intelligent tires are a technology found in connected cars. Intelligent tires store information about tire wear, temperature, and pressure, which is constantly updated and shared with fleet operators. This provides real-time status for the need for tire servicing, which helps to extend tire life, reduce fuel consumption, and improve a variety of other car performance attributes. Furthermore, the increasing adoption of battery-free sensor chips is expected to drive the intelligent tire market forward. The use of battery-free sensor chips in intelligent tires helps to reduce power consumption, which extends the life of intelligent tires.

One of the most difficult challenges in the Intelligent Tire Market is avoiding accidents. As a result, improving traffic safety is a strong motivator for many important innovations in the automotive industry. Improving traffic or driving safety is not a specific task of some dedicated systems, but can only be accomplished through an optimized integration of various systems such as Advanced Driver Assistance Systems, driver information systems, power train management systems, and chassis and tire systems. Tire manufacturers, like vehicle manufacturers, place a premium on tires because they have a significant impact on driving safety, driving behavior, comfort, and vehicle design. Tire manufacturers have begun product development to incorporate intelligence into the tire, such as adding sensors and electronics to the tire/wheel system.

Over the forecast years, unit shipment of Intelligent Tire Market smart tires is expected to grow at an annual rate of 8.6%. The market is being driven by rising demand for electric vehicles, the rapid emergence and advancement of autonomous and connected vehicles, and the increasing adoption of artificial intelligence (AI) and 5G networks.

The report is based on extensive research of the global Automotive Smart Tyre Market and all of its sub-segments through highly detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources, with input from industry professionals across the value chain.

Key Players

The Goodyear Tire & Rubber Company, Continental AG, Michelin Group, The Yokohama Rubber Company, Limited, Sumitomo Rubber Industries, The Hankook TireGroup, Pirelli & C. are key players in the global intelligent tyre market. S.p.A