Skip to main content

Connected Tire Market: Latest Trends and Forecast Analysis up to 2030

Connected tire is an advanced tire which uses sensors and cyber technologies to sense and transmit the data of the running vehicle to the vehicle console display or the smartphone for the driver to evaluate. Connected tires use Tire Pressure Monitoring System (TPMS) as well as an array of other temperature and pressure sensors to monitor, analyze, and report the status of the tire, maintenance need, and alert in case of deviation from standard feed values.
Advent of connected vehicle technologies and digital trends is driving the growth of the connected tire market. Competition among automakers is high and OEMs are offering unique features such as connected tires or smart tires as the product differentiating factor. Increased demand for vehicle performance and demand from auto partners to integrate sensors to match customer needs is driving the connected tire market. Increased demand for vehicle safety, rise in consumer awareness, and growing stringency in government regulations pertaining to vehicle safety standards is expected to boost the demand for connected tires. Connected tires are safer as they alert the driver in case of puncture or tire deflation. Consumers are updated about the tire maintenance needs and prevent breakdown.
Connected tires face new design challenges with significant changes in design of the treads and sidewalls. The Eagle-360 tire by Goodyear has a spherical shape as against the round shape of the tire. To mount the connected tire the vehicle should have supporting connected technology.
Based on vehicle type, the global connected tire market is segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Connected vehicle technologies have higher penetration in passenger cars with majority of new vehicles sold in North America and Europe being connected vehicles. The passenger vehicle segment thus holds a major share in the connected tire market.
By sales channel, the global connected tire market is segmented into OEM and aftermarket. The OEM segment is expanding at a higher rate as growing number of new vehicles sold are utilizing connected and automation technologies to optimize the performance, minimize energy, and improve safety.
Based on region, the global connected tire market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe and North America lead the connected tire market as TPMS technology is prevalent in the regions. Penetration of connected vehicles is high in Europe and North America and these regions have high consumer spending on technologies.
Key players operating in the global connected tire market are The Goodyear Tire & Rubber Co., Pirelli & C. S.p.A., Michelin, Continental AG, The Yokohama Rubber Co., Ltd., and Bridgestone Corporation. Bridgestone Corporation is working to develop a connected tire–wheel interface named ‘ClearMotion,’ with air-spring and anti-vibration. Continental AG has introduced connected tires based on technologies such as ContiSense and ContiAdapt. The ContiSense connected tire uses electrically conductive rubber to transmit signals from tire to the car receiver.

Comments

Post a Comment

Popular posts from this blog

Lipid Profile Market: Information, Figures And Analytical Insights 2027 | Abbott., Akers Biosciences, Inc., Beckman Coulter

Emerging product trends, major drivers, challenges and opportunities in the market are identified and analysed apparently while generating this credible  Lipid Profile Market  analysis report. It helps customers or other market participants to be aware of the problems they may face while operating in the Lipid Profile industry over a longer period of time. The market data is analysed and forecasted using well established market statistical and coherent models. The global Lipid Profile business report is generated based on the market type, size of the organization, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The scope of this Lipid Profile Market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. The data collected to structur...
Post a Comment
Read more

Washer System for Vehicle Market: Key Players and Production Information analysis

The washer system used in vehicles is a vital convenience and safety feature. The washer system removes the dirt and water and improves the visibility to aid driver. The washer system consist of a water tank, water pump, wiper arms, motor and other components. Technological advancements has led to development of headlight washer technologies with the conventional windshield washer system. The windshield washer system is mandatory across all the regions, with differences in wiping area. The demand for optimal visibility has led to rise in wiper blade trends and evolution of beam blade and hybrid blade. Luxury vehicles such as Mercedes has started using integrated blades with water jets. The use of this technology allows saving space and light weighting of the vehicle as it consumes less water and permits vehicle to have a smaller washer tank. The washer system with integrated jets cleanse the windshield without any smudge and obtains better visibility. Read Comprehensive Overview of R...
Post a Comment
Read more

Cryptocurrency Market: Opportunity Analysis and Industry Forecast Up To 2025

  The growing popularity of digital currency has played an integral role in driving sales across the global  cryptocurrency market.  The use of digital ledgers and blockchain technology across the financial space has emerged as an important dynamic of market growth. Moreover, investments in various forms of cryptocurrency have led to market growth and maturity. Several industry analysts consider cryptocurrency as a lucrative digital currency that could revolutionize the area of transactions. The availability of digital ledgers floating across the cryptocurrency ecosystem has helped in reconciling the use of this currency. Considering the factors stated above, it is legit to believe that the global cryptocurrency market would gain momentum in the times of follow. Transparency Market Research (TMR), in it report, predicts that the global cryptocurrency market would grow at a boisterous CAGR of 31.30% over the period between 2017 and 2025. The total value of the glo...
Post a Comment
Read more