FEATURED COMPANIES
- Bridgestone Corporation
- Denso Corporation
- Infineon Technologies AG
- Nexen Tire Corporation
- Pirelli & C. S.p.A.
- Schrader TPMS Solutions
- MORE
Key questions answered in this report:
- What were the total revenue generated by the global automotive intelligent tire and sensor market for autonomous in 2018 and how is it expected to grow during 2019-2024?
- What are the key patents in the automotive tire and sensor industry?
- What are the major driving forces, trends, challenges and growth opportunities that can tend to influence the global automotive intelligent tire and sensor market during the forecast period, 2019-2024?
- What is the volume and value of intelligent tires and sensors for different types of vehicles such as passenger cars, and commercial vehicles (heavy trucks and heavy buses)?
- What are the key developments by the leading players in the automotive tire and sensor industry?
- What is the volume and value of intelligent tires and sensors for different types of sales channels?
- What is the market size of different regions such as North America, Europe, Asia-Pacific, and Rest-of-the-World (RoW)?
Global Automotive Intelligent Tire and Sensor Market Forecast, 2019-2024
The Automotive Intelligent Tire and Sensor Industry Analysis projects the market to grow at a significant CAGR of 8.88% in terms of volume and 7.44% in terms of value during the forecast period from 2019 to 2024.
The intelligent tire and sensor market is driven by several factors such as increasing push from governments as well as consumers to ensure road safety. Additionally, the need for cost-effective tire maintenance and increased vehicle data for connected vehicles have influenced the tire sensor market to substantially enhance its sales, which has subsequently propelled the growth of its intelligent tires.
Expert Quote on Global Automotive Intelligent Tire and Sensor Market
“The U.S. market held the largest share, i.e. 22.45%, in the global automotive intelligent tire and sensor market in 2018.” The U.S. automotive intelligent tire and sensor market is expected to grow at a CAGR of 1.54%, during the forecast period 2019-2024. In 2024, China is anticipated to hold the largest market share (38.51%). The China automotive intelligent tire and sensor market is expected to rise at a CAGR of 15.06%, during the forecast period 2019-2024. The market is mainly driven by the massive amount of vehicle sales in the country, along with the recent regulation of mandating TPMS sensors in all new vehicles. Also, various TPMS manufacturers and suppliers along with various tire sensor component suppliers are present in the country, which drives the growth of TPMS sensors in China.”
Scope of the Market Intelligent on the Global Automotive Intelligent Tire and Sensor Market
The automotive intelligent tire and sensor market research provides a detailed perspective of the market on the basis of market breakdown by distribution channel, by vehicle type, and region.
The report further includes information on the key participants involved in the industry along with their financial positions, research and development investments, and impact on the automotive intelligent tire and sensor market in recent years. The most commonly used strategy by leading players for developing a better hold on the market has been partnerships, collaborations, and joint ventures from January 2017 to May 2019.
Market Segmentation
The global automotive intelligent tire and sensor market segmentation (on the basis of vehicle type) is further segmented into passenger car and commercial vehicles. The passenger car segment dominated the global automotive intelligent tire and sensor market in 2018 by acquiring the largest market share and is anticipated to grow at a stable CAGR during the forecast period.
In terms of the distribution channel, the OEMs segment dominated the global automotive intelligent tire and sensor market in 2018 and is expected to maintain its dominance throughout the forecast period as well.
Geographically, the U.S. market held the largest share in the global automotive intelligent tire and sensor market in 2018. However, in 2024, China is anticipated to acquire the largest market share.
Key Companies in the Automotive Intelligent Tire and Sensor Industry
The key players in the global automotive intelligent tire and sensor market include Bridgestone Corporation, Continental AG, Hankook Tire, Michelin, Pirelli & C. S.P.A., Infineon Technologies, NXP Semiconductor, and Schrader Electronics, among others.
FEATURED COMPANIES
- Bridgestone Corporation
- Denso Corporation
- Infineon Technologies AG
- Nexen Tire Corporation
- Pirelli & C. S.p.A.
- Schrader TPMS Solutions
- MORE
Executive Summary
1 Market Dynamics
1.1 Drivers
1.1.1 Increase in Vehicle Sales
1.1.2 Need of Data for Connected Vehicles
1.1.3 Need for Safety in Vehicles and Stringent Regulations
1.1.4 Cost and Fuel Efficiency
1.1.5 Need to Preserve the Environment
1.1.6 Impact of Market Drivers
1.2 Challenges
1.2.1 Commercial Viability of Smart Tires
1.2.2 Lack of Standardization for TPMS sensors
1.2.3 Technological Challenges
1.2.4 Impact of Market Challenges
1.3 Opportunities
1.3.1 Use of Intelligent Tires in Platooning Systems
1.3.2 Rise of Autonomous and Electric Vehicles
1.3.3 Piezoelectric Energy Harvesting with Smart Tires
1.3.4 Impact of Market Opportunities
2 Competitive Insights
2.1 Key Strategies and Development
2.1.1 Partnerships, Joint Ventures, and Collaborations
2.1.2 New Product Launches
2.1.3 Business Expansion
2.1.4 Mergers and Acquisitions
2.1.5 Other Key Developments
2.2 Product Pricing Analysis
2.3 Market Share Analysis
3 Industry Analysis
3.1 Patent Analysis
3.1.1 Introduction
3.1.2 Key Patents: Intelligent Tires and Sensors
3.1.3 Patent Landscape
3.2 Consortium, Association, and Regulatory Bodies
3.3 Supply Chain Analysis
3.4 Opportunity Matrix Analysis
3.4.1 Opportunity Matrix Analysis, by Region
3.5 Country Share Analysis
4 Assumptions and Limitations
4.1 Assumptions and Limitations for Market Size Calculations
4.2 Market Overview
5 Global Automotive Intelligent Tire and Sensor Market by Sales Channel
5.1 OEM
5.2 Aftermarket
6 Global Automotive Intelligent Tire and Sensor Market by Vehicle Type
6.1 Passenger Vehicle
6.2 Commercial Vehicle
7 Global Automotive Intelligent Tire and Sensor Market by Region
7.1 North America
7.1.1 U.S.
7.1.2 Canada
7.1.3 Mexico
7.2 Europe
7.2.1 Germany
7.2.2 Spain
7.2.3 France
7.2.4 U.K.
7.2.5 Rest-of-Europe
7.3 Asia-Pacific
7.3.1 China
7.3.2 Japan
7.3.3 South Korea
7.3.4 India
7.3.5 Rest-of-APAC
7.4 Rest-of-the-World (RoW)
7.4.1 Latin America
7.4.2 Middle East and Africa
8 Company Profiles
8.1 Bridgestone Corporation
8.1.1 Company Overview
8.1.2 Role of Bridgestone Corporation in Global Intelligent Tire and Sensors Market
8.1.3 Financials
8.1.4 Research and Development Investment of the Company
8.1.5 SWOT Analysis
8.2 Continental AG
8.2.1 Company Overview
8.2.2 Role of Continental AG in Global Intelligent Tire and Sensor Market
8.2.3 Financials
8.2.4 Research and Development Investment of the Company
8.2.5 SWOT Analysis
8.3 Denso Corporation
8.3.1 Company Overview
8.3.2 Role of Denso Corporation in Global Intelligent Tire and Sensor Market
8.3.3 Financials
8.3.4 Research and Development Investment of the Company
8.3.5 SWOT Analysis
8.4 Hankook Tires
8.4.1 Company Overview
8.4.2 Role of Hankook Tires in Global Intelligent Tire and Sensor Market
8.4.3 Financials
8.4.4 Research and Development Investment of the Company
8.4.5 SWOT Analysis
8.5 Infineon Technologies AG
8.5.1 Company Overview
8.5.2 Role of Infineon Technologies AG in Global Intelligent Tire and Sensors Market
8.5.3 Financials
8.5.4 Research and Development Investment of the Company
8.5.5 SWOT Analysis
8.6 Michelin
8.6.1 Company Overview
8.6.2 Role of Michelin in Global Smart Tire Market
8.6.3 Financials
8.6.4 Research and Development Investment of the Company
8.6.5 SWOT Analysis
8.7 Nexen Tire Corporation
8.7.1 Company Overview
8.7.2 Role of Nexen Tire Corporation in Global Intelligent Tire and Sensors Market
8.7.3 Financials
8.7.4 SWOT Analysis
8.8 NXP Semiconductors N.V.
8.8.1 Company Overview
8.8.2 Role of NXP Semiconductors N.V. in Global Intelligent Tire and Sensors Market
8.8.3 Financials
8.8.4 Research and Development Investment of the Company
8.8.5 SWOT Analysis
8.9 Pirelli & C. S.p.A.
8.9.1 Company Overview
8.9.2 Role of Pirelli C. S.p.A. in Global Intelligent Tire and Sensors Market
8.9.3 Financials
8.9.4 Research and Development Investment of the Company
8.9.5 SWOT Analysis
8.10 Revvo Technologies Inc.
8.10.1 Company Overview
8.10.2 Role of Revvo Technologies Inc. in Global Intelligent Tire and Sensors Market
8.11 Tymtix Technologies
8.11.1 Company Overview
8.11.2 Role of Tymtix Technologies in Global Intelligent Tire and Sensors Market
8.12 Schrader TPMS Solutions
8.12.1 Company Overview
8.12.2 Role of Schrader TPMS Solutions in Global Intelligent Tire and Sensors Market
8.13 The Goodyear Tire & Rubber Co.
8.13.1 Company Overview
8.13.2 Role of Goodyear Tire & Rubber Co. in Global Intelligent Tire and Sensors Market
8.13.3 Financials
8.13.4 Research and Development Investment of the Company
8.13.5 SWOT Analysis
8.14 The Yokohama Rubber Company, Limited
8.14.1 Company Overview
8.14.2 Role of The Yokohama Rubber Company in Global Intelligent Tire and Sensors Market
8.14.3 Financials
8.14.4 Research and Development Investment of the Company
8.14.5 SWOT Analysis
8.15 ZF Friedrichshafen AG
8.15.1 Company Overview
8.15.2 Role of ZF Friedrichshafen AG in Global Intelligent Tire and Sensors Market
8.15.3 Financials
8.15.4 Research and Development Investment of the Company
8.15.5 SWOT Analysis
8.16 Other Emerging Players
9 Research Scope and Methodology
9.1 Scope of the Report
9.2 Global Automotive Tire and Sensor Market Research Methodology
List of Tables
Table 1.1: Tire Pressure Monitoring Regulations Globally
Table 1.2: Annual Fuel Cost of Different Vehicle Types
Table 1.3: Impact of Market Drivers
Table 1.4: Impact of Market Challenges
Table 1.5: Impact of Market Opportunities
Table 2.1: Product Pricing Analysis
Table 3.1: Top Ten Companies by Number of Patents Filed
Table 3.2: Consortium, Association and Regulatory Bodies for Automotive Industry
Table 3.3: Associations for Automotive Tire Industry
Table 3.4: Who Supplies Whom for Automotive Tires
Table 3.5: Who Supplies Whom for TPMS Sensors
Table 5.1: Global Automotive Intelligent Tire and Sensors Market (by Sales Channel), $Million, 2018-2024
Table 5.2: Global Automotive OEM Intelligent Tire and Sensors Market, $Million, 2018-2024
Table 7.1: North America Automotive Intelligent Tire and Sensors Market (by Country), Million Units, 2018-2024
Table 7.2: North America Automotive Intelligent Tire and Sensors Market (by Country), $Million, 2018-2024
Table 7.3: Europe Automotive Intelligent Tire and Sensors Market (by Country), Million Units, 2018-2024
Table 7.4: Europe Automotive Intelligent Tire and Sensors Market (by Country), $Million, 2018-2024
Table 7.5: Asia-Pacific Automotive Intelligent Tire and Sensors Market (by Country), Million Units, 2018-2024
Table 7.6: Asia-Pacific Automotive Intelligent Tire and Sensors Market (by Country), $Million, 2018-2024
Table 7.7: Rest-of-the-World Automotive Intelligent Tire and Sensors Market (by Country), Million Units, 2018-2024
Table 7.8: Rest-of-the-World Automotive Intelligent Tire and Sensors Market (by Country), $Million, 2018-2024
Table 8.1: Other Emerging Players in the Automotive Intelligent Tire and Sensor Market
List of Figures
Figure 1: Global TPMS Regulations
Figure 2: Global Passenger Car and Commercial Vehicle Sales Volume, Million Units, 2011-2017
Figure 3: Major Types of TPMS Sensors
Figure 4: Global Automotive Intelligent Tire and Sensor Market Value, $Million, 2018-2024
Figure 5: Global Automotive Intelligent Tire and Sensor Market Volume, Million Units, 2018-2024
Figure 6: Global Automotive Intelligent Tire and Sensor Market, (by Vehicle Type), $Billion, 2018-2024
Figure 7: Global Automotive Intelligent Tire and Sensor Market Share, (by Sales Channel), 2018 and 2024
Figure 8: Global Automotive Intelligent Tire and Sensor Market Share, (by Country),$ Billion, 2018 and 2024
Figure 1.1: Global Automotive Intelligent Tire and Sensor Market Dynamics
Figure 1.2: Global Vehicle Production, Million Units, 2010-2017
Figure 1.3: Different Levels of Connectivity in a Vehicle
Figure 1.4: Number of Fatalities by Road Accident in Europe, 2011-2017
Figure 2.1: Share of Key Market Strategies & Developments
Figure 2.2: Partnerships/Collaborations/Joint Ventures by Companies
Figure 2.3: New Product Launches by Companies
Figure 2.4: Business Expansion by Companies
Figure 2.5: Mergers and Acquisitions by Companies
Figure 2.6: Other Key Developments by Companies
Figure 2.7: Market Share Analysis of Automotive Tire Industry by Shipment for 2018
Figure 2.8: Market Share Analysis of TPMS Sensor Industry by Revenue for 2018
Figure 3.1: Patent Filed by Country
Figure 3.2: Patents Filled and Granted for Automotive Intelligent Tire and Sensor Market, Units, 2000-2018.
Figure 3.3: Supply Chain Analysis
Figure 3.4: Raw Material Providers and Tire Manufacturers
Figure 3.5: Opportunity Matrix Analysis by Region
Figure 3.6: Country Share Analysis of Automotive Intelligent Tire and Sensor Market
Figure 4.1: Global Automotive Intelligent Tire and Sensor Market, Million Units, 2018-2024
Figure 4.2: Global Automotive Intelligent Tire and Sensor Market, $Billion, 2018-2024
Figure 4.3: Smart Tire Prototypes
Figure 5.1: Different Sales Channels for the Global Automotive Intelligent Tire and Sensors Market
Figure 5.2: Global Automotive Intelligent Tire and Sensors Market (by Sales Channel), Million Units, 2018 and 2024
Figure 5.3: Global Automotive OEM Intelligent Tire and Sensors Market Volume, Million Units, 2018-2024
Figure 5.4: Global Automotive Aftermarket Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 5.5: Global Automotive Aftermarket Intelligent Tire and Sensors Market Value, $Million, 2018-2024
Figure 6.1: Different Vehicle Types for the Global Automotive Intelligent Tire and Sensors Market
Figure 6.2: Global Automotive Intelligent Tire and Sensors Market (by Vehicle Types), $Million, 2018 and 2024
Figure 6.3: Global Automotive Intelligent Tire and Sensors Market (for Passenger Vehicle), Million Units, 2018-2024
Figure 6.4: Global Automotive Intelligent Tire and Sensors Market (for Passenger Vehicle), $Billion, 2018-2024
Figure 6.5: Global Automotive Intelligent Tire and Sensors Market (for Commercial Vehicle), Million Units, 2018-2024
Figure 6.6: Global Automotive Intelligent Tire and Sensors Market (for Commercial Vehicle), $Billion, 2018-2024
Figure 7.1: Global Automotive Intelligent Tire and Sensors Market – Regional Segmentation
Figure 7.2: Country-Wise Growth Rate for the Global Automotive Intelligent Tire and Sensor Market
Figure 7.3: Global Automotive Intelligent Tire and Sensors Market (by Region), Million Units, 2018-2024
Figure 7.4: Global Automotive Intelligent Tire and Sensors Market (by Region), $Billion, 2018-2024
Figure 7.5: North America Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.6: North America Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.7: The U.S. Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.8: The U.S. Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.9: Canada Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.10: Canada Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.11: Mexico Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.12: Mexico Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.13: Europe Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.14: Europe Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.15: Germany Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.16: Germany Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.17: Spain Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.18: Spain Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.19: France Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.20: France Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.21: The U.K. Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.22: The U.K. Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.23: Rest-of-Europe Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.24: Rest-of-Europe Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.25: Asia-Pacific Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.26: Asia-Pacific Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.27: China Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.28: China Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.29: Japan Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.30: Japan Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.31: South Korea Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.32: South Korea Automotive Intelligent Tire and Sensors Market, $Billion, 2018-2024
Figure 7.33: India Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.34: India Automotive Intelligent Tire and Sensors Market, $Million, 2018-2024
Figure 7.35: Rest-of-APAC Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.36: Rest-of-APAC Automotive Intelligent Tire and Sensors Market, $Million, 2018-2024
Figure 7.37: Rest-of-the-World Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure7.38: Rest-of-the-World Automotive Intelligent Tire and Sensors Market, $Million, 2018-2024
Figure 7.39: Latin America Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.40: Latin America Automotive Intelligent Tire and Sensors Market, $Million, 2018-2024
Figure 7.41: Middle East and Africa Automotive Intelligent Tire and Sensors Market, Million Units, 2018-2024
Figure 7.42: Middle East and Africa Automotive Intelligent Tire and Sensors Market, $Million, 2018-2024
Figure 8.1: Share of Key Company Profiles
Figure 8.2: Bridgestone Corporation: Overall Financials, 2016-2018
Figure 8.3: Bridgestone Corporation: Net Revenue (by Business Segment), 2016-2018
Figure 8.4: Bridgestone Corporation: Net Revenue (by Region), 2016-2018
Figure 8.5: Research and Development: Bridgestone Corporation, $Million, 2016-2018
Figure 8.6: Bridgestone Corporation: SWOT Analysis
Figure 8.7: Continental AG: Overall Financials, 2016-2018
Figure 8.8: Continental AG: Net Revenue (by Business Segment), 2016-2018
Figure 8.9: Continental AG: Net Revenue (by Region), 2016-2018
Figure 8.10: Research and Development: Continental AG, $Billion, 2016-2018
Figure 8.11: Continental AG: SWOT Analysis
Figure 8.12: Denso Corporation: Overall Financials, 2016-2018
Figure 8.13: Denso Corporation: Net Revenue (by Business Segment), 2016-2018
Figure 8.14: Denso Corporation: Net Revenue (by Region), 2016-2018
Figure 8.15: Research and Development: Denso Corporation, $Billion, 2016-2018
Figure 8.16: Denso Corporation: SWOT Analysis
Figure 8.17: Hankook Tires: Overall Financials, 2016-2018
Figure 8.18: Hankook Tires: Net Revenue (by Region), 2016-2018
Figure 8.19: Research and Development: Hankook Tires, $Million, 2016-2018
Figure 8.20: Hankook Tires: SWOT Analysis
Figure 8.21: Infineon Technologies AG: Overall Financials, 2016-2018
Figure 8.22: Infineon Technologies AG: Net Revenue (by Business Segment), 2016-2018
Figure 8.23: Infineon Technologies AG: Net Revenue (by Region), 2016-2018
Figure 8.24: Research and Development: Infineon Technologies AG, $Million, 2016-2018
Figure 8.25: Infineon Technologies AG: SWOT Analysis
Figure 8.26: Michelin: Overall Financials, 2016-2018
Figure 8.27: Michelin: Net Revenue (by Region), 2016-2018
Figure 8.28: Michelin: Net Revenue (by Region), 2016-2018
Figure 8.29: Research and Development: ACI Worldwide, Inc., $Million, 2015-2017
Figure 8.30: Michelin: SWOT Analysis
Figure 8.31: Nexen Tire Corporation: Overall Financials, 2016-2018
Figure 8.32: Nexen Tire Corporation: SWOT Analysis
Figure 8.33: NXP Semiconductors N.V.: Overall Financials, 2016-2018
Figure 8.34: NXP Semiconductors N.V.: Net Revenue (by Business Segment), 2016-2018
Figure 8.35: NXP Semiconductors N.V.: Net Revenue (by Region), 2016-2018
Figure 8.36: Research and Development: NXP Semiconductors N.V., $Billion, 2016-2018
Figure 8.37: NXP Semiconductors N.V.: SWOT Analysis
Figure 8.38: Pirelli C. S.p.A.: Overall Financials, 2016-2018
Figure 8.39: Pirelli C. S.p.A.: Net Revenue (by Business Segment), 2016-2018
Figure 8.40: Pirelli C. S.p.A.: Net Revenue (by Region), 2015-2017
Figure 8.41: Research and Development: Pirelli C. S.p.A., $Million, 2016-2018
Figure 8.42: Pirelli C. S.p.A.: SWOT Analysis
Figure 8.43: The Goodyear Tire & Rubber Co.: Overall Financials, 2015-2017
Figure 8.44: The Goodyear Tire & Rubber Co.: Net Revenue (by Business Segment), 2016-2018
Figure 8.45: The Goodyear Tire & Rubber Co.: Net Revenue (by Region), 2015-2017
Figure 8.46: Research and Development: The Goodyear Tire & Rubber Co., $Million, 2016-2018
Figure 8.47: The Goodyear Tire & Rubber Co.: SWOT Analysis
Figure 8.48: The Yokohama Rubber Company, Limited: Overall Financials, 2015-2017
Figure 8.49: The Yokohama Rubber Company, Limited: Net Revenue (by Business Segment), 2016-2018
Figure 8.50: The Yokohama Rubber Company, Limited: Net Revenue (by Region), 2015-2017
Figure 8.51: Research and Development: The Yokohama Rubber Company, Limited, $Million, 2015-2017
Figure 8.52: The Yokohama Rubber Company: SWOT Analysis
Figure 8.53: ZF Friedrichshafen AG: Overall Financials, 2016-2018
Figure 8.54: ZF Friedrichshafen AG: Net Revenue (by Business Segment), 2016-2018
Figure 8.55: ZF Friedrichshafen AG: Net Revenue (by Region), 2016-2018
Figure 8.56: Research and Development: ZF Friedrichshafen AG, $Billion, 2016-2018
Figure 8.57: ZF Friedrichshafen AG: SWOT Analysis
Figure 9.1 Global Automotive Tire and Sensor Market Scope
Figure 9.2 Top Down and Bottom Up Approach
Figure 9.3 Global Automotive Tire and Sensor Market Influencing Factors
Figure 9.4 Assumptions and Limitations
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FEATURED COMPANIES
- Bridgestone Corporation
- Denso Corporation
- Infineon Technologies AG
- Nexen Tire Corporation
- Pirelli & C. S.p.A.
- Schrader TPMS Solutions
- MORE
The automotive industry is in the process of constant evolution with various technological developments taking place in the industry that have enhanced facilities and features in vehicles to make the driving experience better. The growing number of vehicles leads to the complications for safer and more secure movement of goods and passengers which advances the concept of vehicle safety on public roads. The dynamic evolution of the automobile industry is attributed primarily to the changing consumer preferences, growing focus toward driver safety, environmental concerns, and stringent government regulations which are focusing toward crash avoidance rather than crash survival. In the past years, automobiles have undergone rapid technological advancements in terms of vehicle performance, passenger safety, communication capabilities, and driving comfort. These improvements have led to a surge in the number of on-road vehicles, thus raising the need for the safer movement of automobiles. These goals of automakers are profoundly supported by several federal authorities such as National Highway Traffic Safety Administration (NHTSA), European Commission (EC), and Ministry of Land, Infrastructure, Transport and Tourism (MLIT).
According to the latest report, titled ‘Global Automotive Intelligent Tire and Sensor Market – Analysis and Forecast (2019-2024)’, the automotive intelligent tire and sensor market is anticipated to grow at a CAGR of 8.88% in terms of volume and 7.44% in terms of value during the forecast period 2019-2024. The intelligent tire and sensor market is driven by several factors such as increasing push from governments as well as consumers to ensure road safety. Rising number of road accidents have resulted in increased regulations by federal authorities with regard to the safety of both the passengers and the pedestrians. Improper inflation of tires and tire blowouts has been a major reason for road accidents. Due to under-inflated tires, according to NHTSA, an estimated 23,000 accidents and 535 fatalities occur per year in the U.S. The government implemented the Transportation Recall, Enhancement, Accountability and Documentation (TREAD) Act which mandates all vehicles, both passenger and commercial, to be equipped with tire pressure monitoring systems (TPMS). Additionally, the need for cost-effective tire maintenance and increased vehicle data for connected vehicles have influenced the tire sensor market to substantially enhance its sales, which has subsequently propelled the growth of its intelligent tires.
Key Questions Answered in the Report:
- What was the total revenue generated by the global automotive intelligent tire and sensor market for autonomous in 2018 and how is it expected to grow during 2019 – 2024?
- What are the key patents in the automotive tire and sensor industry?
- What are the major driving forces, trends, challenges and growth opportunities that can tend to influence the global automotive intelligent tire and sensor market during the forecast period, 2019-2024?
- What is the volume and value of intelligent tires and sensors for different types of vehicles such as passenger cars, and commercial vehicles (heavy trucks and heavy buses)?
- What are the key developments by the leading players in the automotive tire and sensor industry?
- What is the volume and value of intelligent tires and sensors for different types of sales channels?
- What is the market size of different regions such as North America, Europe, Asia-Pacific, and Rest-of-the-World (RoW)?
- Bridgestone Corporation
- Continental AG
- Denso Corporation
- Hankook Tires
- Infineon Technologies AG
- Michelin
- NXP Semiconductors N.V.
- Nexen Tire Corporation
- Pirelli & C. S.p.A.
- Revvo Technologies Inc.
- Schrader TPMS Solutions
- The Goodyear Tire & Rubber Co.
- The Yokohama Rubber Company, Limited
- Tymtix Technologies
- ZF Friedrichshafen AG
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