Within the research scope of this report, it shows that the global Smart Tires market had a market size of about 3252.90 Million USD in 2022, growing at a CAGR of 18.40% during 2023-2029 to 10609.60 Million USD in 2029.
MARKET COMPETITIVE LANDSCAPE:
Major players in this market include Sensata Technologies, Inc., Continental AG, Michelin, Baolong, Pacific Industrial, and etc.
---The combined market share of the Top 3 players in the global Smart Tires market is about 61.75%.
REGION SHARE:
The report covers the market size information of major Regions/Countries around the world, including NA/United States, EU/Germany, APAC/China, LA/SA, MEA and etc.
---In the geographical distribution of Smart Tires market in 2022, the North America has the largest market size and its market share is about 32.18%, followed by Europe and its market share is about 28.92%.
SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes TMS, TPMS, etc. Application segment includes Car and Others, Truck, etc.
---TPMS contributes approximately 76.19% share to the market in 2022.
---Car and Others contributes approximately 86.60% share to the market in 2022.
The cumulative impact of COVID-19, Russia-Ukraine conflict, and high inflation is expected to have a significant long-term impact on the global Smart Tires markets. Ongoing research considers changes in consumer behavior, supply chain disruptions, and government intervention caused by the pandemic. Likewise, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine conflict and its potential impact on the supply-demand balance, pressure on pricing variables, and import, export, and trade. In addition, the report discusses the impact of high inflation on the global economy and details fiscal policies to measure and reduce its impact on demand, supply, cash flows, and currency exchange.
Market Statistics:
Reports provide market sizes and forecasts for multiple major currencies (USD, EUR, JPY, GBP, CNY, etc.); multi-currency support helps organizational leaders make informed decisions. This report takes 2018-2021 as the historical year, 2022 as the base year, 2023 as the semi-forecast year, and 2024-2029 as the full forecast year.
Market Share Analysis:
Market share analysis provides deep insights into the current status of vendors in a particular market space. By comparing suppliers” contributions to total revenue, customer base, and other key metrics, we can give companies a better understanding of their performance and the challenges they face as they compete for market share. The analysis also sheds light on the competitiveness of any given sector in terms of accumulation, diversification of strengths, and consolidation characteristics during the base year studied.
The report provides insights on the following metrics:
Market Penetration: Provides comprehensive information on the market offered by key players
Market Diversification: Provides detailed information on new product launches, greenfield regions, recent developments and investments
Market Trends: A Big Picture of the Cumulative Impact of COVID-19, Russia-Ukraine Conflict, and High Inflation
Competitive assessment and intelligence: Provides an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape and manufacturing capabilities of leading players
Product Development & Innovation: Provides intelligent insights into future technologies, R&D activities, and breakthrough product developments
Market Segmentation: Segment by Type, Application, and Region to provide detailed insights into market information.
Connectivity and IoT Integration: Smart tires are increasingly being integrated with Internet of Things (IoT) technology, allowing them to communicate with vehicles and other connected devices. This connectivity enables real-time monitoring of tire performance, including tire pressure, temperature, tread wear, and overall condition.
Tire Pressure Monitoring Systems (TPMS): TPMS has become a standard feature in many vehicles, mandated by regulations in several countries. TPMS helps in monitoring tire pressure and alerts the driver if there is a significant deviation from the recommended levels. This technology enhances safety, improves fuel efficiency, and reduces tire wear.
Advanced Sensor Technology: Smart tires incorporate advanced sensor technology to monitor various parameters. These sensors provide data on tire health, road conditions, and vehicle performance. The information collected helps optimize vehicle dynamics, improve safety, and enhance overall driving experience.
Predictive Maintenance: Smart tires enable predictive maintenance by continuously monitoring tire conditions and providing real-time alerts and insights. This helps in identifying potential issues before they become critical, reducing the risk of tire failure and improving overall vehicle reliability.
Tire-Related Data Analytics: The data collected from smart tires can be analyzed to gain valuable insights. Manufacturers, fleet operators, and vehicle owners can leverage this data to optimize tire performance, enhance fuel efficiency, improve vehicle safety, and reduce maintenance costs. Data analytics also enable the development of predictive algorithms for tire wear and performance.
Highlights-Regions
North America
United States
Canada
China
Asia Pacific (Excluding China)
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Nordic
Latin America
Brazil
Argentina
Mexico
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Player list
Sensata Technologies, Inc.
Continental AG
Michelin
Baolong
Pacific Industrial
Pirelli
Goodyear Tire
Bridgestone
Yokohama Rubber (Trelleborg)
Revvo Technologies, Inc.
Tyrata Inc.
El-Watch
Cerebrum
Others
Types list
TMS
TPMS
Others
Application list
Car and Others
Truck
Bus
List of Tables and Figures
Figure Smart Tires Picture
Table Product Definition of Smart Tires
Table Global Smart Tires Market Size by Type (2023 VS 2029)
Table Global Smart Tires Market Size by Application (2023 VS 2029)
Table Sensata Technologies, Inc. Profile
Table Product Overview
Table Sensata Technologies, Inc. Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Sensata Technologies, Inc. Revenue and Growth Rate
Figure Sensata Technologies, Inc. Revenue Market Share 2017-2022
Table Business Overview
Table Continental AG Profile
Table Product Overview
Table Continental AG Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Continental AG Revenue and Growth Rate
Figure Continental AG Revenue Market Share 2017-2022
Table Business Overview
Table Michelin Profile
Table Product Overview
Table Michelin Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Michelin Revenue and Growth Rate
Figure Michelin Revenue Market Share 2017-2022
Table Business Overview
Table Baolong Profile
Table Product Overview
Table Baolong Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Baolong Revenue and Growth Rate
Figure Baolong Revenue Market Share 2017-2022
Table Business Overview
Table Pacific Industrial Profile
Table Product Overview
Table Pacific Industrial Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Pacific Industrial Revenue and Growth Rate
Figure Pacific Industrial Revenue Market Share 2017-2022
Table Business Overview
Table Pirelli Profile
Table Product Overview
Table Pirelli Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Pirelli Revenue and Growth Rate
Figure Pirelli Revenue Market Share 2017-2022
Table Business Overview
Table Goodyear Tire Profile
Table Product Overview
Table Goodyear Tire Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Goodyear Tire Revenue and Growth Rate
Figure Goodyear Tire Revenue Market Share 2017-2022
Table Business Overview
Table Bridgestone Profile
Table Product Overview
Table Bridgestone Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Bridgestone Revenue and Growth Rate
Figure Bridgestone Revenue Market Share 2017-2022
Table Business Overview
Table Yokohama Rubber (Trelleborg) Profile
Table Product Overview
Table Yokohama Rubber (Trelleborg) Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Yokohama Rubber (Trelleborg) Revenue and Growth Rate
Figure Yokohama Rubber (Trelleborg) Revenue Market Share 2017-2022
Table Business Overview
Table Revvo Technologies, Inc. Profile
Table Product Overview
Table Revvo Technologies, Inc. Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Revvo Technologies, Inc. Revenue and Growth Rate
Figure Revvo Technologies, Inc. Revenue Market Share 2017-2022
Table Business Overview
Table Tyrata Inc. Profile
Table Product Overview
Table Tyrata Inc. Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Tyrata Inc. Revenue and Growth Rate
Figure Tyrata Inc. Revenue Market Share 2017-2022
Table Business Overview
Table El-Watch Profile
Table Product Overview
Table El-Watch Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure El-Watch Revenue and Growth Rate
Figure El-Watch Revenue Market Share 2017-2022
Table Business Overview
Table Cerebrum Profile
Table Product Overview
Table Cerebrum Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Cerebrum Revenue and Growth Rate
Figure Cerebrum Revenue Market Share 2017-2022
Table Business Overview
Table Others Profile
Table Product Overview
Table Others Smart Tires Revenue, Gross and Gross Margin (2018-2023)
Figure Others Revenue and Growth Rate
Figure Others Revenue Market Share 2017-2022
Table Business Overview
Table Global Smart Tires Revenue and Market Size by Type (2018-2023)
Table Global Smart Tires Revenue and Market Share by Type (2018-2023)
Table Global Smart Tires Revenue Market Size Forecast by Type (2023-2029)
Table Global Smart Tires Revenue Market Share Forecast by Type (2023-2029)
Table Global Smart Tires Revenue Market Size by Application (2018-2023)
Table Global Smart Tires Revenue Market Share by Application (2018-2023)
Table Global Smart Tires Revenue Market Size by Application (2023-2029)
Table Global Smart Tires Revenue Market Share by Application (2023-2029)
Figure Global Smart Tires Revenue Market Size & Forecast (2018-2029)
Table Smart Tires Market Size by Regions: 2018 VS 2023 VS 2029
Table Smart Tires Historic Revenue Market Size by Regions (2018-2023)
Table Smart Tires Historic Revenue Market Share by Regions (2018-2023)
Table Smart Tires Forecasted Revenue Market Size by Regions (2023-2029)
Table Smart Tires Forecasted Revenue Market Share by Regions (2023-2029)
Figure North America Smart Tires Market Size & Forecast (2018-2029)
Figure Europe Smart Tires Market Size & Forecast (2018-2029)
Figure China Smart Tires Market Size & Forecast (2018-2029)
Figure Asia-Pacific (Excluding China) Smart Tires Market Size & Forecast (2018-2029)
Figure Latin America Smart Tires Market Size & Forecast (2018-2029)
Figure Middle East & Africa Smart Tires Market Size & Forecast (2018-2029)
Table North America Smart Tires Revenue Share by Players 2022
Table North America Smart Tires Revenue by Types (2018-2023)
Table North America Smart Tires Revenue Market Share by Types (2018-2023)
Table North America Smart Tires Revenue by Applications (2018-2023)
Table North America Smart Tires Revenue Market Share by Applications (2018-2023)
Table North America Smart Tires Revenue by Countries (2018-2029)
Table North America Smart Tires Revenue Market Share by Countries (2018-2029)
Figure United States Smart Tires Revenue and Growth (2018-2029)
Figure Canada Smart Tires Revenue and Growth (2018-2029)
Table China Smart Tires Revenue Share by Players 2022
Table China Smart Tires Revenue by Types (2018-2023)
Table China Smart Tires Revenue Market Share by Types (2018-2023)
Table China Smart Tires Revenue by Applications (2018-2023)
Table China Smart Tires Revenue Market Share by Applications (2018-2023)
Figure China Smart Tires Revenue and Growth (2018-2029)
Table Asia Pacific Smart Tires Revenue Share by Players 2022
Table Asia Pacific Smart Tires Revenue by Types (2018-2023)
Table Asia Pacific Smart Tires Revenue Market Share by Types (2018-2023)
Table Asia Pacific Smart Tires Revenue by Applications (2018-2023)
Table Asia Pacific Smart Tires Revenue Market Share by Applications (2018-2023)
Table Asia-Pacific Smart Tires Revenue by Countries (2018-2029)
Table Asia-Pacific Smart Tires Revenue Market Share by Countries (2018-2029)
Figure Japan Smart Tires Revenue and Growth (2018-2029)
Figure Korea Smart Tires Revenue and Growth (2018-2029)
Figure Southeast Asia Smart Tires Revenue and Growth (2018-2029)
Figure India Smart Tires Revenue and Growth (2018-2029)
Figure Australia Smart Tires Revenue and Growth (2018-2029)
Table Europe Smart Tires Revenue Share by Players 2022
Table Europe Smart Tires Revenue by Types (2018-2023)
Table Europe Smart Tires Revenue Market Share by Types (2018-2023)
Table Europe Smart Tires Revenue by Applications (2018-2023)
Table Europe Smart Tires Revenue Market Share by Applications (2018-2023)
Table Europe Smart Tires Revenue by Countries (2018-2029)
Table Europe Smart Tires Revenue Market Share by Countries (2018-2029)
Figure Germany Smart Tires Revenue and Growth (2018-2029)
Figure France Smart Tires Revenue and Growth (2018-2029)
Figure UK Smart Tires Revenue and Growth (2018-2029)
Figure Italy Smart Tires Revenue and Growth (2018-2029)
Figure Russia Smart Tires Revenue and Growth (2018-2029)
Figure Nordic Smart Tires Revenue and Growth (2018-2029)
Table Latin America Smart Tires Revenue Share by Players 2022
Table Latin America Smart Tires Revenue by Types (2018-2023)
Table Latin America Smart Tires Revenue Market Share by Types (2018-2023)
Table Latin America Smart Tires Revenue by Applications (2018-2023)
Table Latin America Smart Tires Revenue Market Share by Applications (2018-2023)
Table Latin America Smart Tires Revenue by Countries (2018-2029)
Table Latin America Smart Tires Revenue Market Share by Countries (2018-2029)
Figure Brazil Smart Tires Revenue and Growth (2018-2029)
Figure Argentina Smart Tires Revenue and Growth (2018-2029)
Figure Mexico Smart Tires Revenue and Growth (2018-2029)
Table Latin America Smart Tires Revenue Share by Players 2022
Table Middle East & Africa Smart Tires Revenue by Types (2018-2023)
Table Middle East & Africa Smart Tires Revenue Market Share by Types (2018-2023)
Table Middle East & Africa Smart Tires Revenue by Applications (2018-2023)
Table Middle East & Africa Smart Tires Revenue Market Share by Applications (2018-2023)
Table Middle East & Africa Smart Tires Revenue by Countries (2018-2029)
Table Middle East & Africa Smart Tires Revenue Market Share by Countries (2018-2029)
Figure Egypt Smart Tires Revenue and Growth (2018-2029)
Figure South Africa Smart Tires Revenue and Growth (2018-2029)
Figure Israel Smart Tires Revenue and Growth (2018-2029)
Figure Turkey Smart Tires Revenue and Growth (2018-2029)
Figure GCC Countries Smart Tires Revenue and Growth (2018-2029)
Table Market Trends Analysis
Table Market Drivers Analysis
Table Market Challenges Analysis
Table Market Restraints Analysis
Table Market Mergers & Acquisitions
Table Market New Entrants and Expansion Plans
