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Sep 28, 2020 (Profound via COMTEX) —
The global Automotive Smart Tire market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 19% throughout the estimate period from 2020 to 2027.

The rise of autonomous driving and connected vehicles has accelerated the evolution of the technology housed across all the parts of the vehicle. Automotive tires are the latest focus, providing real time data on pressure amp; temperature, tread wear amp; depth, road conditions, load detection, among other factors to meet complexity of vehicle management systems. Integration of sensors helps to track the status of the tire and transmit information related to tread depth, temperature, and pressure to car’s electronic control unit (ECU) which works with car’s inboard computers to enhance stability and ABS adjustments.

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This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Automotive Smart Tire market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Automotive Smart Tire market growth.

The global Automotive Smart Tire market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

The prominent players in the global Automotive Smart Tire Market include The Goodyear Tire amp; Rubber Co (USA), Michelin Group (France), NEXEN TIRE Corporation (Korea), Continental AG (Germany), Bridgestone Corporation (Japan), Sumitomo Rubber Industries, Ltd. (Japan), and Pirelli amp; C. S.p.A. (Italy)

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

The global Automotive Smart Tire Market is segmented on the basis of technology, vehicle type, sales channel, and region. On the basis of technology, the market has been segmented into pneumatic tires and non-pneumatic tires. On the basis of vehicle type, the market has been segmented into passenger cars, commercial vehicles, battery electric vehicles, hybrid electric vehicles, and plug-in hybrid vehicle. On the basis of sales channel, the market has been segmented into original equipment manufacturer (OEM) and aftermarket.

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

  • North America
  • Europe

    • Germany

    • U.K.

    • Italy

    • France

    • Rest of EU

  • Asia Pacific

    • China

    • India

    • Japan

    • Southeast Asia

    • Rest of APAC

  • Central amp; South America

    • Brazil

    • Argentina

    • Rest of Central amp; South America

  • Middle East and Africa

    • UAE

    • Saudi Arabia

    • Rest of MEA

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COMTEX_371974190/2630/2020-09-28T03:28:20

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