Smart Tire are the tire equipped which chips and sensor offering real-time information about the condition of the tire.
Global Smart Tire Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Global Smart Tire market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

According to MarkNtel Advisors’ research report “Global Smart Tire Market Analysis, 2020”, the Global Smart Tire market is anticipated to grow at a considerable CAGR during 2020-25F. The escalating demand for electric vehicle to curb the GHG gas emission, increasing demand of connected vehicle intertwined to boost in the adoption of sensor equipped tires and launch of pressure management system for the smart tires is projected to have a significant impact on the market growth of smart tires in the forecasted years.

Passenger & Commercial Vehicle Grabbed the Majority Market Share
Based on Vehicle Type, Passenger and Commercial Vehicle captured the majority market share in the Global Smart Tire market on account of the boost in production & sales of passenger cars and commercial vehicles. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2019, around 67.1 million units of passenger cars were produced globally. Besides this, introduction of mandates by the government for passenger and commercial vehicles to have tire pressure monitoring systems (TPMS) is expected to fuel the demand for smart tires in the forthcoming timeline.

Moreover, Electric vehicle are also expected to register an exponential growth on account of strict government regulation and initiatives to curb the CO2 gasses and launch of new electric vehicle by the OEM in the countries like US, Canada. Thus, this is anticipated to promulgates the demand for electric vehicle which would further contribute towards the growth of the Smart Tire market globally in the near future as revealed by the MarkNtel Advisors’ research report “Global Smart Tire Market Analysis, 2020”.

According to MarkNtel Advisors’, the key players with a considerable market share in the Global Smart Tire market include Bridgestone, Continental, Goodyear, Michelin, Pirelli, Yokohama etc.

Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Smart Tire Market?
2. What is the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Global Smart Tire Market?
4. Who are the key competitors or market players and how they perform in Global Smart Tire Market based on competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Smart Tire Market study?

Market Outlook, Segmentation and Statistics
1) Impact of COVID-19 on Global Smart Tire Market
2) Market Size & Analysis
a) By Revenues (USD Million)
b) Unit Sold
3) Market Share & Analysis
a) By Technology
i) Pneumatics Tires
ii) Non- Pneumatics Tires
b) By Vehicle Types
i) Passenger Vehicles
ii) Commercial Vehicles
iii) Heavy Vehicles
iv) Medium Vehicles
v) Light Vehicles
vi) Electric Vehicles
(1) Battery Electric Vehicles
(2) Hybrid Electric Vehicles
(3) Plug-In Hybrid Vehicles
c) By Demand Type
i) OEM
ii) Replacement
4) By Region
a) North America Smart Tire Market Outlook, 2015-2025F (USD Million)
i) The US Smart Tire Market Outlook, 2015-2025F (USD Million)
ii) Canada Smart Tire Market Outlook, 2015-2025F (USD Million)
iii) Mexico Smart Tire Market Outlook, 2015-2025F (USD Million)
b) South America Smart Tire Market Outlook, 2015-2025F (USD Million)
i) Brazil Smart Tire Market Outlook, 2015-2025F (USD Million)
c) Europe Smart Tire Market Outlook, 2015-2025F (USD Million)
i) The UK Smart Tire Market Outlook, 2015-2025F (USD Million)
ii) Germany Smart Tire Market Outlook, 2015-2025F (USD Million)
iii) France Smart Tire Market Outlook, 2015-2025F (USD Million)
iv) Italy Smart Tire Market Outlook, 2015-2025F (USD Million)
v) Spain Smart Tire Market Outlook, 2015-2025F (USD Million)
d) Middle East & Africa Smart Tire Market Outlook, 2015-2025F (USD Million)
i) UAE Smart Tire Market Outlook, 2015-2025F (USD Million)
ii) Saudi Arabia Smart Tire Market Outlook, 2015-2025F (USD Million)
iii) South Africa Smart Tire Market Outlook, 2015-2025F (USD Million)
e) Asia-Pacific Smart Tire Market Outlook, 2015-2025F (USD Million)
i) China Smart Tire Market Outlook, 2015-2025F (USD Million)
ii) Japan Smart Tire Market Outlook, 2015-2025F (USD Million)
iii) India Smart Tire Market Outlook, 2015-2025F (USD Million)
iv) Australia Smart Tire Market Outlook, 2015-2025F (USD Million)
v) South Korea Smart Tire Market Outlook, 2015-2025F (USD Million)
f) By Company
i) Revenue Shares
ii) Strategic Factorial Indexing
iii) Competitor Placement in MarkNtel Quadrant
5) Global Smart Tire Market Policies, Regulations, Product Standard
6) Global Smart Tire Market Hotspots & Opportunities
7) Global Smart Tires Market - Buyers Key Decision Making Factors
8) Global Smart Tires Market - Strategies Adopted by Suppliers
9) Global Smart Tires Market – Price Analysis
10) Competition Outlook
a) Competitor Wise Growth Strategies
b) Company Profiles

Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Smart Tire Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Smart Tire Market during 2020-25?
A. The growth rate of Global Smart Tire Market during 2020-25 is forecast to be grow at a considerable CAGR.
Q. Who are the key competitors or players operating in Global Smart Tire Market?
A. Bridgestone, Continental, Goodyear, Michelin, Pirelli, Yokohama etc., are few of the leading players in the Global Smart Tire Market.
Q. Which vehicle type segment would emerge as an opportunity area for players in Global Smart Tire Market?
A. Passenger and Commercial vehicle is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Smart Tire Market?
A. North America and Europe grabbed a majority market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Smart Tire Market.