According to the report analysis, ‘North America 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 North America automotive smart tire market is projected to augment during the review period owing to the progressive growth in demand for the electric vehicle, the speedy emergence and improvement of autonomous and associated vehicles, as well as the growing implementation of 5G networks and artificial intelligence (AI).
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 entities which recently working in the North America Automotive Smart Tire market more actively for leading the highest market growth, registering the great value of market share, keep maintaining the governing position, generating the highest percentage of revenue, and obtaining the competitive edge by implementing the policies of profit making and strategies of expansion, analysing the strategies and policies of contenders and government, improving the qualitative and quantitative measures of such, delivering the better customer satisfaction, decreasing the associated prices of such, spreading the awareness connected to the applications and advantages of automotive smart tire, increasing the features and benefits of automotive smart tire, and establishing the several research and development programs.
The key aspects driving the automotive tires market are augmented the average life of vehicles, growing miles being propelled per year, the significant augment concern towards maintenance and safety, technological innovations leading to longer life of tires, and other factors.
Smart tires are allowing commercial vehicle producers to manage and monitor their fleets through digital monitoring solutions. The effective growth in volume of commercial vehicles with time has enabled the fleet operators to monitor countless parameters such as fuel consumption and carbon emissions, leading to an augmented demand for advanced tires that deliver the real-time monitoring of tire conditions.
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North America is projected to account for a proficient share of the global automotive smart tire market due to an augment in the demand for connected vehicle. North America has strong existence of tire manufacturing industries who have improved research and development amenities for connected tires, which in turn is probable to boost the automotive smart tire market in North America.
Major tire producers are contributing on research and development to develop new tire material coupled with improved technology such as nanotechnology to decrease the heat build-up. This is projected to boost the automotive smart tire market across the North America. Therefore, it is predicted that during the near period the market of automotive smart tire will augment more proficiently over the review duration.
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North America Automotive Smart Tire Market Future Outlook
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