Intelligent Tires Market by Product Type (Inflatable Tires and Solid Tires), Vehicle Type (Passenger Cars and Commercial Vehicles), Electric Vehicle (BEV, HEV, FCEV and PHEV) and Region - Global Forecast to 2025
Accident-free traffic is one of the biggest challenges in the automotive market. Therefore, the improvement of traffic safety is a strong motivation for many important innovations in automotive industry. To improve traffic or driving safety is not a specific task of some dedicated systems, but it can only be achieved by an optimized integration of different systems such as Advanced Driver Assistance System, driver information system, power train management system, and chassis and tire systems. Tire manufactures as well as vehicle manufactures pay high attention to tires, because a tire has a big influence on driving safety, driving behavior, comfort, and vehicle design. Tire manufactures have started product developments to bring intelligence into the tire, such as applying sensors and electronics to the tire/wheel system to enhance the contribution of tires in providing additional information to vehicle systems. The integration of electronics into a tire/wheel system requires a new approach for the design of a mechatronic tire, which has to consider both the production process and the aspects of recycling.
The report highlights the intelligent tires market, in terms of volume and value. The market volume is expressed in terms of thousand units, whereas the market value is expressed in terms of USD million for the forecast period 2017–2025.
The intelligent tires market is segmented by product type into Inflatable tires and Solid tires. The market is further segmented by vehicle type (passenger cars and commercial vehicles), by electric vehicle type (BEV, HEV, and PHEV), and by geography (Asia Pacific, Europe, North America, and RoW), focusing on key countries in each region.
The report features major players in the intelligent tires market and provides insights about their business strategies. The report also includes the roadmap of their growth in the next five years. It also features drivers, restraints, opportunities, and challenges of the intelligent tires market.
Future of Intelligent Tires
Intelligent tires represent one possible evolution for the future of tires. With tire companies focused on ways to integrate smart technology into tires, one option involves the inclusion of sensor technology.
The high growth prospects of connected cars and stricter government mandates on curbing vehicular emissions are the key drivers for the growth of the Intelligent Tires market.
Growth opportunities and latent adjacency in Intelligent Tires Market