Intelligent tires equipped with a pre-mounted sensor which constantly monitors the temperature and pressure of the running tires and transmits the real-time information to the tire pressure monitoring systems. As an autonomous vehicle and shared mobility continuously growing in popularity on desires for reduced cost and increased convenience for consumers. In 2015, shared kilometres accounted for 4 percent of global kilometres travelled. This number is projected to exceed 25 percent by 2030. These number shows the growth of intelligent tires market in the upcoming years.This growth is primarily driven by Increasing Need for Convenience and Driver Assistance and The Growth in Sales of Electric and Autonomous Cars in Developed Economies.
Globally, a noticeable market trend is evident Able to Provide Real-Time Road Information for Vehicle Control Systems
. Major Vendors, such as Bridgestone Corporation (Japan), Continental AG (Germany), Goodyear Tire and Rubber Company (United States), Michelin (France), Pirelli (Italy), Yokohama Rubber Company (Japan), Sumitomo Rubber Industries (Japan), Hankook Tire (South Korea), Nokian (Finland) and Toyo Tire (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In March 2018, At the 2018 Geneva International Motor Show, Goodyear showcased the latest advances on its intelligent tire prototype, a complete tire information system that includes a tire, sensors and cloud-based algorithms that all work together to communicate in real-time with fleet operators via a mobile app.
- Increasing Need for Convenience and Driver Assistance
- The Growth in Sales of Electric and Autonomous Cars in Developed Economies
- Able to Provide Real-Time Road Information for Vehicle Control Systems
- Increasing Usage of Battery Less Sensors for Intelligent Tyres
- High Initial Investment Costs in Intelligent Tires
- Lack of Awareness in Developing Economies
Surging Adoption of Connected Cars for Developing Advanced Safety Features and Consistently Adoption of Shared Mobility
Lack of Proper Road Infrastructure in Developing Economies and Shortages of Skilled Technical Operator
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