Intelligent Tire Market: Emerging-Trends With Business-Strategy Till 2027

Intelligent tire is a technology that is integrated in connected cars. Intelligent tire stores information related to wear, temperature, and pressure of tire and the importation is continuously updated and shared with fleet operators. This offers a real-time status for the need for tire servicing, which further aids to extend tire's life, reduces fuel consumption, and enhances several other performance attributes of cars. Moreover, increasing adoption of battery-less sensor chips is expected to boost growth of the intelligent tire market. Use of battery-less sensor chips in intelligent tires helps to reduce power consumption, which further increases services life of intelligent tires.

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Global Intelligent Tire Market: Taxonomy
By Product Type
-Inflatable Tire
-Solid Tire

By Application
-Passenger Cars
-Commercial Vehicle
-Heavy Commercial Vehicle (HCV)
-Light Commercial Vehicle (LCV)

By Region
-North America
-Europe
-Asia Pacific
-Latin America
-Middle East
-Africa

Key players operating in the global intelligent tire market are: The Goodyear Tire & Rubber Company, Continental AG, Michelin Group, The Yokohama Rubber Company, Limited, Sumitomo Rubber Industries, The Hankook TireGroup, Pirelli & C. S.p.A., and Bridgestone Corporation, ATG Tires, and Apollo Tires Limited.

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Regional Insights:
The intelligent tire market in Asia Pacific is expected witness highest CAGR over the forecast period. This is owing increasing smart city projects and connected infrastructure initiatives by governments in the region. India and China are major market drivers in the region. For instance, in 2015, '100 Smart City' mission was launched by the Government of India.

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This release was published on openPR.