According to the report analysis, ‘Europe Automotive Smart Tire Market 2020-2030 by Product (Connected Tire, Intelligent Tire/TPMS), Engineering Technology (Pneumatic, Run-Flat, Non-Pneumatic), Vehicle Type (Commercial, Passenger), Vehicle Propulsion (Conventional, EV), Distribution Channel (OEMs, Aftermarket), and Country: Trend Forecast and Growth Opportunity’ states that Europe automotive smart tire market is predicted to propel during the review duration owing to the escalating requirement for the electric vehicle, the speedy emergence and innovations of autonomous and linked vehicles, as well as the effective growth in implementation of artificial intelligence (AI) and 5G networks.
Bridgestone Corporation, Continental AG, Hankook Tire & Technology Co., Ltd., Infineon Technologies AG, JK Tyres & Industries Ltd., Michelin Group, Nexen Tire Corporation, Nokian Tyres Plc., NXP Semiconductors, Pirelli & C. S.p.A, Revvo Technologies, Inc., Schrader TPMS Solutions, Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Co., The Yokohama Rubber Company, Limited, Toyo Tire Corporation, Yokohama Rubber Co., Ltd. and many more are the foremost market players which presently working in the Europe automotive smart tire market more proficiently for keep maintaining the governing position, leading the highest market growth, obtaining the competitive edge, generating the highest percentage of revenue and registering the great value of market share by spreading the awareness connected to the applications and advantages of automotive smart tire, analysing the strategies and policies of government as well as contenders, increasing the features and benefits of automotive smart tire, delivering the better customer satisfaction, decreasing the associated prices of such, implementing the policies of profit making and strategies of expansion, improving the qualitative and quantitative measures of such and establishing the several research and development programs.
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The effective growth in trend of integrating advanced technologies and sensors in a vehicle, along with the augmenting need for fleet management and asset tracking, has led to the requirement for automotive smart tires. Smart tires constitute intelligent tires and linked tires. Intelligent tires, i.e., those embedded with TPMS sensors, are well known around the globe. However, there are only restricted automotive smart tires that have been made commercially prevalent to the vehicle producers. Foremost commercial vehicle OEMs and fleet operators are eager to deploy automotive smart tires to improve their fleet management solutions as well as get real-time tire monitoring for their platoons.
The significant augment in integration of advanced features in a vehicle, involving the connected tires and tire pressure monitoring system to avoid the breakdown of vehicle, is likely to augment the demand for smart tires across the Europe. The effective growth in integration of sensor systems in vehicle tires, which proposes the real-time data analysis for vehicle users, is probable to fuel the requirement for such tires. Foremost tire manufacturers are contributing in technological development, involving the B-Tag Systems, to monitor tire pressure and temperature. The system alerts the driver about the maintenance of tires to circumvent operational down time. This is estimated to propel the automotive smart tire market across the Europe.
For More Information, refer to below link: –
Europe Automotive Smart Tire Market Research Report
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