The Automotive Smart Tire Market Size was valued at USD 87.52 billion in 2023 and is expected to reach USD 164.40 billion by 2031 and grow at a CAGR of 8.2% over the forecast period 2024-2031.
Car tires are becoming high-tech components, going beyond just providing grip. Embedded sensors are transforming them into data hubs, monitoring crucial aspects like pressure, temperature, tread wear, and even road conditions. This real-time information is then transmitted to the vehicle's electronic control unit (ECU), the car's brain and utilizes this data to optimize stability control and anti-lock braking systems (ABS), enhancing overall vehicle safety and handling. This advancement is driven by the rise of connected and autonomous vehicles, where optimal tire performance becomes even more critical. Compared to traditional tire pressure monitoring systems (TPMS), these "smart tires" offer a wealth of additional information. Users can gain insights into tread wear, receive alerts for potential tire issues, and even be notified of dangerous road conditions like snow or ice. This comprehensive data empowers drivers to maintain optimal tire health, maximizing safety and efficiency.
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KEY DRIVERS:
The use of 5G technology is gaining momentum within the development of smart tires.
The increasing use of connected vehicles is leading to a growing adoption of fleet management systems.
Tire manufacturers are embedding sensors to monitor air pressure and overall tire health. This data is accessible through digital apps, allowing fleet managers to remotely track tire performance from anywhere.
This information is crucial for reducing tire costs, maximizing vehicle uptime, and optimizing maintenance schedules. Data analysis and smart reporting are becoming the future of tire management for fleets.
RESTRAINTS:
The widespread adoption and use of smart tires are currently hindered by a lack of standardization and commercialization.
OPPORTUNITIES:
The use of autonomous systems in the vehicle industry is experiencing significant growth.
Connected vehicles are driving growth in smart tire technology. As miniaturized sensors become cheaper and more powerful, manufacturers are embedding them in tires to collect real-time data on pressure, wear, temperature, and even road conditions. This information is crucial for autonomous vehicles, which rely on optimal tire performance for safe and efficient operation. By integrating tire data with control systems, autonomous vehicles can adjust functions like braking and steering, maximizing safety and extending tire life.
Offering up-to-date information on tire pressure and temperature.
CHALLENGES:
Protecting Smart Tires from Hacking and Manipulation
Ensuring Compatibility Between Tires and Vehicle Systems
The war in Russia-Ukraine has disrupted the market for smart tires in automobiles. The conflict has created civil unrest and disrupted business operations in the region, delaying infrastructure development and government support for trade and transportation. The Russia, a major producer of private vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs), had many factories shut down because they couldn't get the parts they needed and governments stopped trade across borders. This disruption has created a bad effect, causing a supply chain shortage across Europe. Furthermore, the war has driven up the prices of raw materials throughout Europe due to their increased use in war supplies. This price surge has created operational challenges for manufacturers, adding another layer of complexity to the automotive smart tire market.
An economic slowdown can pose a significant challenge to the growth of the automotive smart tire market. Consumer spending contracts as people prioritize essential purchases, leading to delays in buying new cars, often equipped with smart tires. This translates to a decline in sales for smart tire manufacturers. Economic downturns can disrupt the supply chain for raw materials and components needed for smart tire production. This disruption can cause delays, shortages, and ultimately, price hikes for smart tires. Investment in new technologies also tends to decrease during economic slowdowns, potentially hindering the development and adoption of smart tire technology. The focus on fuel efficiency and safety remains a priority, and smart tires offer features that contribute to both.
By Sales Channel:
OEM
Aftermarket
Original Equipment Manufacturer (OEM) is the dominating sub-segment in the Automotive Smart Tire Market by sales channel holding between 60-70% of share. New car sales, a significant driver of the market, often come equipped with smart tires pre-installed by the manufacturer. This integration ensures compatibility with the vehicle's existing systems and optimizes performance from the start. Additionally, OEMs leverage economies of scale to negotiate better prices for smart tires, making them a more attractive option during vehicle production.
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By Technology:
Pneumatic Tire
Non-Pneumatic Tire
Pneumatic Tires is the dominating sub-segment in the Automotive Smart Tire Market by technology. Pneumatic tires, filled with compressed air, are the current industry standard for most vehicles. The existing infrastructure for manufacturing, maintenance, and repair is well-established for pneumatic tires. Additionally, the technology for integrating sensors and functionalities into pneumatic tires is more mature compared to non-pneumatic alternatives.
By Vehicle Type:
Commercial vehicles
Passenger cars
BEVs
HEVs
Plug-in Hybrid Vehicles
Passenger Cars is the dominating sub-segment in the Automotive Smart Tire Market by vehicle type holding above 60% of market share. Passenger cars constitute the largest segment within the overall automotive market. This naturally translates to a higher demand for smart tires in passenger vehicles compared to other segments.
Growing consumer awareness of safety and fuel efficiency benefits associated with smart tires further drives adoption in passenger cars.
The Asia Pacific is the dominating region in the Automotive Smart Tire Market holding approx. 40% of market share fueled by rapid economic growth and a burgeoning middle class with increasing purchasing power. Countries like China and India contribute significantly to this dominance. The rising demand for new vehicles and growing awareness of safety features are key drivers in this region.
North America is the second highest region in this market holding approx. 30% of market share which boasts a well-established automotive industry and a high adoption rate of new technologies. The presence of major car manufacturers and a strong focus on safety regulations contribute to its significant market share.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Goodyear Tire & Rubber Co (USA), NEXEN TIRE Corporation (Korea), Continental AG (Germany), Michelin Group (France), Bridgestone Corporation (Japan), Sumitomo Rubber Industries, Ltd. (Japan), and Pirelli & C. S.p.A. (Italy) are other key players.
Michelin Group (France)-Company Financial Analysis
In June 2021 - Goodyear finalized the acquisition of Cooper Tire, merging two leading tire companies. This strengthens their global leadership with a broader product portfolio, enhanced services, and combined capabilities. The focus remains on prioritizing customers, cutting-edge technologies, and delivering high-quality tire solutions.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 87.52 Billion |
| Market Size by 2031 | US$ 164.40 Billion |
| CAGR | CAGR of 8.2% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Sales Channel (OEM, Aftermarket) • by Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire) • by Vehicle Type (Commercial vehicles, Passenger cars, BEVs, HEVs, Plug-in Hybrid Vehicles) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | The Goodyear Tire & Rubber Co (USA), NEXEN TIRE Corporation (Korea), Continental AG (Germany), Michelin Group (France), Bridgestone Corporation (Japan), Sumitomo Rubber Industries, Ltd. (Japan), and Pirelli & C. S.p.A. (Italy) |
| Key Drivers | • The use of 5G technology is gaining momentum within the development of smart tires. • The increasing use of connected vehicles is leading to a growing adoption of fleet management systems. |
| RESTRAINTS | • The widespread adoption and use of smart tires are currently hindered by a lack of standardization and commercialization. |
Ans: The expected CAGR of the global Automotive Smart Tire Market during the forecast period is 8.2%.
Ans: The Automotive Smart Tire Market was valued at USD 87.52 billion in 2023.
Ans: Lack of standardization and commercialization of smart tires.
Ans: The use of autonomous systems in the vehicle industry, where smart tires are crucial for safe and efficient operation.
Ans: The Asia Pacific region is the dominating region in the Automotive Smart Tire Market holding approx. 40% of market share.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Automotive Smart Tire Market Segmentation, By Sales Channel
9.1 Introduction
9.2 Trend Analysis
9.3 OEM
9.4 Aftermarket
10. Automotive Smart Tire Market Segmentation, By Technology
10.1 Introduction
10.2 Trend Analysis
10.3 Pneumatic Tire
10.4 Non-Pneumatic Tire
11. Automotive Smart Tire Market Segmentation, By Vehicle Type
11.1 Introduction
11.2 Trend Analysis
11.3 Commercial vehicles
11.4 Passenger cars
11.5 BEVs
11.6 HEVs
11.7 Plug-in Hybrid Vehicles
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Automotive Smart Tire Market Segmentation, By Country
12.2.3 North America Automotive Smart Tire Market Segmentation, By Sales Channel
12.2.4 North America Automotive Smart Tire Market Segmentation, By Technology
12.2.5 North America Automotive Smart Tire Market Segmentation, By Vehicle Type
12.2.6 USA
12.2.6.1 USA Automotive Smart Tire Market Segmentation, By Sales Channel
12.2.6.2 USA Automotive Smart Tire Market Segmentation, By Technology
12.2.6.3 USA Automotive Smart Tire Market Segmentation, By Vehicle Type
12.2.7 Canada
12.2.7.1 Canada Automotive Smart Tire Market Segmentation, By Sales Channel
12.2.7.2 Canada Automotive Smart Tire Market Segmentation, By Technology
12.2.7.3 Canada Automotive Smart Tire Market Segmentation, By Vehicle Type
12.2.8 Mexico
12.2.8.1 Mexico Automotive Smart Tire Market Segmentation, By Sales Channel
12.2.8.2 Mexico Automotive Smart Tire Market Segmentation, By Technology
12.2.8.3 Mexico Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Automotive Smart Tire Market Segmentation, by Country
12.3.2.2 Eastern Europe Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.2.3 Eastern Europe Automotive Smart Tire Market Segmentation, By Technology
12.3.2.4 Eastern Europe Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.2.5 Poland
12.3.2.5.1 Poland Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.2.5.2 Poland Automotive Smart Tire Market Segmentation, By Technology
12.3.2.5.3 Poland Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.2.6 Romania
12.3.2.6.1 Romania Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.2.6.2 Romania Automotive Smart Tire Market Segmentation, By Technology
12.3.2.6.4 Romania Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.2.7 Hungary
12.3.2.7.1 Hungary Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.2.7.2 Hungary Automotive Smart Tire Market Segmentation, By Technology
12.3.2.7.3 Hungary Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.2.8 Turkey
12.3.2.8.1 Turkey Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.2.8.2 Turkey Automotive Smart Tire Market Segmentation, By Technology
12.3.2.8.3 Turkey Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.2.9.2 Rest of Eastern Europe Automotive Smart Tire Market Segmentation, By Technology
12.3.2.9.3 Rest of Eastern Europe Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.3 Western Europe
12.3.3.1 Western Europe Automotive Smart Tire Market Segmentation, by Country
12.3.3.2 Western Europe Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.3.3 Western Europe Automotive Smart Tire Market Segmentation, By Technology
12.3.3.4 Western Europe Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.3.5 Germany
12.3.3.5.1 Germany Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.3.5.2 Germany Automotive Smart Tire Market Segmentation, By Technology
12.3.3.5.3 Germany Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.3.6 France
12.3.3.6.1 France Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.3.6.2 France Automotive Smart Tire Market Segmentation, By Technology
12.3.3.6.3 France Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.3.7 UK
12.3.3.7.1 UK Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.3.7.2 UK Automotive Smart Tire Market Segmentation, By Technology
12.3.3.7.3 UK Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.3.8 Italy
12.3.3.8.1 Italy Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.3.8.2 Italy Automotive Smart Tire Market Segmentation, By Technology
12.3.3.8.3 Italy Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.3.9 Spain
12.3.3.9.1 Spain Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.3.9.2 Spain Automotive Smart Tire Market Segmentation, By Technology
12.3.3.9.3 Spain Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.3.10.2 Netherlands Automotive Smart Tire Market Segmentation, By Technology
12.3.3.10.3 Netherlands Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.3.11.2 Switzerland Automotive Smart Tire Market Segmentation, By Technology
12.3.3.11.3 Switzerland Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.3.1.12 Austria
12.3.3.12.1 Austria Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.3.12.2 Austria Automotive Smart Tire Market Segmentation, By Technology
12.3.3.12.3 Austria Automotive Smart Tire Market Segmentation, By Vehicle Type
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Automotive Smart Tire Market Segmentation, By Sales Channel
12.3.3.13.2 Rest of Western Europe Automotive Smart Tire Market Segmentation, By Technology
12.3.3.13.3 Rest of Western Europe Automotive Smart Tire Market Segmentation, By Vehicle Type
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Automotive Smart Tire Market Segmentation, by Country
12.4.3 Asia-Pacific Automotive Smart Tire Market Segmentation, By Sales Channel
12.4.4 Asia-Pacific Automotive Smart Tire Market Segmentation, By Technology
12.4.5 Asia-Pacific Automotive Smart Tire Market Segmentation, By Vehicle Type
12.4.6 China
12.4.6.1 China Automotive Smart Tire Market Segmentation, By Sales Channel
12.4.6.2 China Automotive Smart Tire Market Segmentation, By Technology
12.4.6.3 China Automotive Smart Tire Market Segmentation, By Vehicle Type
12.4.7 India
12.4.7.1 India Automotive Smart Tire Market Segmentation, By Sales Channel
12.4.7.2 India Automotive Smart Tire Market Segmentation, By Technology
12.4.7.3 India Automotive Smart Tire Market Segmentation, By Vehicle Type
12.4.8 Japan
12.4.8.1 Japan Automotive Smart Tire Market Segmentation, By Sales Channel
12.4.8.2 Japan Automotive Smart Tire Market Segmentation, By Technology
12.4.8.3 Japan Automotive Smart Tire Market Segmentation, By Vehicle Type
12.4.9 South Korea
12.4.9.1 South Korea Automotive Smart Tire Market Segmentation, By Sales Channel
12.4.9.2 South Korea Automotive Smart Tire Market Segmentation, By Technology
12.4.9.3 South Korea Automotive Smart Tire Market Segmentation, By Vehicle Type
12.4.10 Vietnam
12.4.10.1 Vietnam Automotive Smart Tire Market Segmentation, By Sales Channel
12.4.10.2 Vietnam Automotive Smart Tire Market Segmentation, By Technology
12.4.10.3 Vietnam Automotive Smart Tire Market Segmentation, By Vehicle Type
12.4.11 Singapore
12.4.11.1 Singapore Automotive Smart Tire Market Segmentation, By Sales Channel
12.4.11.2 Singapore Automotive Smart Tire Market Segmentation, By Technology
12.4.11.3 Singapore Automotive Smart Tire Market Segmentation, By Vehicle Type
12.4.12 Australia
12.4.12.1 Australia Automotive Smart Tire Market Segmentation, By Sales Channel
12.4.12.2 Australia Automotive Smart Tire Market Segmentation, By Technology
12.4.12.3 Australia Automotive Smart Tire Market Segmentation, By Vehicle Type
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Automotive Smart Tire Market Segmentation, By Sales Channel
12.4.13.2 Rest of Asia-Pacific Automotive Smart Tire Market Segmentation, By Technology
12.4.13.3 Rest of Asia-Pacific Automotive Smart Tire Market Segmentation, By Vehicle Type
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Automotive Smart Tire Market Segmentation, by Country
12.5.2.2 Middle East Automotive Smart Tire Market Segmentation, By Sales Channel
12.5.2.3 Middle East Automotive Smart Tire Market Segmentation, By Technology
12.5.2.4 Middle East Automotive Smart Tire Market Segmentation, By Vehicle Type
12.5.2.5 UAE
12.5.2.5.1 UAE Automotive Smart Tire Market Segmentation, By Sales Channel
12.5.2.5.2 UAE Automotive Smart Tire Market Segmentation, By Technology
12.5.2.5.3 UAE Automotive Smart Tire Market Segmentation, By Vehicle Type
12.5.2.6 Egypt
12.5.2.6.1 Egypt Automotive Smart Tire Market Segmentation, By Sales Channel
12.5.2.6.2 Egypt Automotive Smart Tire Market Segmentation, By Technology
12.5.2.6.3 Egypt Automotive Smart Tire Market Segmentation, By Vehicle Type
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Automotive Smart Tire Market Segmentation, By Sales Channel
12.5.2.7.2 Saudi Arabia Automotive Smart Tire Market Segmentation, By Technology
12.5.2.7.3 Saudi Arabia Automotive Smart Tire Market Segmentation, By Vehicle Type
12.5.2.8 Qatar
12.5.2.8.1 Qatar Automotive Smart Tire Market Segmentation, By Sales Channel
12.5.2.8.2 Qatar Automotive Smart Tire Market Segmentation, By Technology
12.5.2.8.3 Qatar Automotive Smart Tire Market Segmentation, By Vehicle Type
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Automotive Smart Tire Market Segmentation, By Sales Channel
12.5.2.9.2 Rest of Middle East Automotive Smart Tire Market Segmentation, By Technology
12.5.2.9.3 Rest of Middle East Automotive Smart Tire Market Segmentation, By Vehicle Type
12.5.3 Africa
12.5.3.1 Africa Automotive Smart Tire Market Segmentation, by Country
12.5.3.2 Africa Automotive Smart Tire Market Segmentation, By Sales Channel
12.5.3.3 Africa Automotive Smart Tire Market Segmentation, By Technology
12.5.3.4 Africa Automotive Smart Tire Market Segmentation, By Vehicle Type
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Automotive Smart Tire Market Segmentation, By Sales Channel
12.5.3.5.2 Nigeria Automotive Smart Tire Market Segmentation, By Technology
12.5.3.5.3 Nigeria Automotive Smart Tire Market Segmentation, By Vehicle Type
12.5.3.6 South Africa
12.5.3.6.1 South Africa Automotive Smart Tire Market Segmentation, By Sales Channel
12.5.3.6.2 South Africa Automotive Smart Tire Market Segmentation, By Technology
12.5.3.6.3 South Africa Automotive Smart Tire Market Segmentation, By Vehicle Type
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Automotive Smart Tire Market Segmentation, By Sales Channel
12.5.3.7.2 Rest of Africa Automotive Smart Tire Market Segmentation, By Technology
12.5.3.7.3 Rest of Africa Automotive Smart Tire Market Segmentation, By Vehicle Type
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Automotive Smart Tire Market Segmentation, by country
12.6.3 Latin America Automotive Smart Tire Market Segmentation, By Sales Channel
12.6.4 Latin America Automotive Smart Tire Market Segmentation, By Technology
12.6.5 Latin America Automotive Smart Tire Market Segmentation, By Vehicle Type
12.6.6 Brazil
12.6.6.1 Brazil Automotive Smart Tire Market Segmentation, By Sales Channel
12.6.6.2 Brazil Automotive Smart Tire Market Segmentation, By Technology
12.6.6.3 Brazil Automotive Smart Tire Market Segmentation, By Vehicle Type
12.6.7 Argentina
12.6.7.1 Argentina Automotive Smart Tire Market Segmentation, By Sales Channel
12.6.7.2 Argentina Automotive Smart Tire Market Segmentation, By Technology
12.6.7.3 Argentina Automotive Smart Tire Market Segmentation, By Vehicle Type
12.6.8 Colombia
12.6.8.1 Colombia Automotive Smart Tire Market Segmentation, By Sales Channel
12.6.8.2 Colombia Automotive Smart Tire Market Segmentation, By Technology
12.6.8.3 Colombia Automotive Smart Tire Market Segmentation, By Vehicle Type
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Automotive Smart Tire Market Segmentation, By Sales Channel
12.6.9.2 Rest of Latin America Automotive Smart Tire Market Segmentation, By Technology
12.6.9.3 Rest of Latin America Automotive Smart Tire Market Segmentation, By Vehicle Type
13. Company Profiles
13.1 Goodyear Tire & Rubber Co (USA)
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 NEXEN TIRE Corporation (Korea)
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Continental AG (Germany)
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Michelin Group (France)
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Bridgestone Corporation (Japan)
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Sumitomo Rubber Industries, Ltd. (Japan)
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Pirelli & C. S.p.A. (Italy)
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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The Automotive Biometric Market Size was valued at USD 7.30 billion in 2023 and is expected to reach USD 11.64 billion by 2031 and grow at a CAGR of 6% over the forecast period 2024-2031.
The New Energy Vehicle (NEV) Taxi Market Size was valued at USD 29.3 billion in 2023 and is expected to reach USD 163.77 billion by 2031 and grow at a CAGR of 24% over the forecast period 2024-2031.
Tractor Implements Market
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