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(Transportation-News.com, November 15, 2017 ) Market Overview
The global automotive intelligent tires market is being primarily driven by the increase in adoption of connected cars globally. Such cars are equipped with certain wireless services and the internet which help the vehicle to connect to networks and services that are remotely connected. The increasing focus of auto manufacturers to equip connected cars with such tires which can modify its traction by updating the trend patterns in real time on the basis of several road and environmental conditions is boosting the adoption of connected cars which in turn is driving the demand for intelligent tires. Furthermore, a key trend that is expected to gain popularity in the global automotive intelligent tires market during the forecast period is the adoption of battery less sensors for these tires. These sensors ensure comparatively low power which would ensure lifetime service of the intelligent tires.
Market Outlook:
This market research analysis identifies the adoption of connected cars as one of the primary growth factors for this market. Connected cars are equipped with internet and wireless services that help the automobile connect with remotely connected networks or services. M2M services in connected cars help in navigation, broadcasting, tracking stolen vehicles, telematics, roadside assistance, video transmission, and making automated calls during emergencies. With manufacturers focusing on equipping connected cars with tires that can modify its traction by updating its tread patterns in real time based on various environmental and road conditions, the rise in the adoption of connection cars will consequently fuel the demand for intelligent tires.
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One of the latest trends that will gain traction in the global automotive intelligent tires market in the coming years is the adoption of battery-less sensors for intelligent tires. Battery-less sensor chips are already in the advanced development stages and these chips tap into small bleed-through power leakages in the circuits. As a result, these sensors consume very-minimal power which will ensure a complete lifetime service for the tires.
Key Players:
Global Automotive Intelligent Tires market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including:
• Bridgestone
• Continental
• Goodyear
• Michelin
• Pirelli
• Yokohama Rubber
• Sumitomo Rubber Industries
• Hankook
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Market Segments:
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Inflatable Tires
• Solid Tires
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Commercial Cars
• Passenger Cars
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Automotive Intelligent Tires in these regions, from 2012 to 2022 (forecast), covering
• United States
• EU
• China
• Japan
• South Korea
• India
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