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

 

The numerous sensors that are part of connected tires are used to monitor the state of the tire and transmit the data to the car in real-time. The tires come with numerous Internet of Things (IoT) devices and other sensor-based systems, such as pressure monitoring, temperature management, advanced assistance, and other systems. It transmits the obtained data, which includes tire pressure, road condition, tread depth, acceleration, and tire temperature. This data is used to forecast tire operating conditions, maintenance needs, deviation alerts, and to adjust suspension, emergency braking, traction control, and other systems. One of the main things driving the advancement of this technology in the future is the rise of technical innovation in the automobile sector.

A technology that is included in linked cars is the Intelligent Tire Market. Tire wear, temperature, and pressure data are stored by intelligent tires, and the importation is updated regularly and shared with fleet operators. This provides real-time status for the requirement for Intelligent Tire Market maintenance, helping to further extend tire life, lower fuel consumption, and improve various other performance characteristics of cars. The market for intelligent tires is also anticipated to rise as battery-free sensor chips become more widely used. The use of battery-free sensor chips in intelligent tires helps to decrease power consumption, extending the useful life of the tires.

The demand for sophisticated safety features in passenger vehicles and the rise in demand for road safety are two additional factors driving the Intelligent Tire Market expansion. Another important growth element is the expanding use of connected features in cars, which is also true of the development and commercialization of autonomous mobility. The increased necessity for fleet operators to manage tires effectively in order to lower tire replacement and maintenance costs will further contribute to the demand for technology. Government support for smart car development and adoption in established and developing nations will also offer the sector lucrative growth potential.

Key Players

Yokohama Rubber Company, Limited, Sumitomo Rubber Industries, The Hankook TireGroup, Pirelli & C. S.p.A., Continental AG, Michelin Group, The Goodyear Tire & Rubber Company, and Pirelli & C. S.p.A. are some of the major companies competing in the worldwide intelligent tyre market.