Intelligent Tire Market : Shows Increasing Demand To Be
Observed In The Coming Decade
Intelligent Tire Market research provides industry analysis by type,
manufacturer, application along with key factors influencing the
growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Intelligent tire is a technology that is integrated in connected cars. Intelligent tire stores
information related to wear, temperature, and pressure of tire and the importation is
continuously updated and shared with fleet operators. This offers a real-time status for the need
for tire servicing, which further aids to extend tire’s life, reduces fuel consumption, and enhances
several other performance attributes of cars. Moreover, increasing adoption of battery-less
sensor chips is expected to boost growth of the intelligent tire market. Use of battery-less sensor
chips in intelligent tires helps to reduce power consumption, which further increases services life
of intelligent tires.
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Global Intelligent Tire Market: Regional Insights
The intelligent tire market in Asia Pacific is expected witness highest CAGR over the forecast
period. This is owing increasing smart city projects and connected infrastructure initiatives by
governments in the region. India and China are major market drivers in the region. For instance,
in 2015, ‘100 Smart City’ mission was launched by the Government of India. This connected cars
are integrated with various advanced vehicle systems such as ADAS, AEBS, comprehensive
vehicle tracking systems, remote controlled systems, and advanced vehicle to everything (V2E)