List of Figures:
Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2030
Figure 4. Value Chain Analysis
Figure 5. Asia Pacific Automotive Smart Tire Market by Demand Value, 2020-2030, $ mn
Figure 6. Asia Pacific Automotive Smart Tire Market by Demand Volume, 2020-2030, million units
Figure 7. Impact of COVID-19 on Business
Figure 8. Primary Drivers and Impact Factors of Asia Pacific Automotive Smart Tire Market
Figure 9. World Electric Vehicle Market by Sales Value, 2020-2030, $ bn
Figure 10. World Electric Vehicle Market by Sales Volume, 2020-2030, million units
Figure 11. Share of Electric Vehicle Sales in Total Car Sales in Worldwide Market, 2020-2030, %
Figure 12. Primary Restraints and Impact Factors of Asia Pacific Automotive Smart Tire Market
Figure 13. Investment Opportunity Analysis
Figure 14. Porter’s Fiver Forces Analysis of Asia Pacific Automotive Smart Tire Market
Figure 15. Breakdown of Asia Pacific Automotive Smart Tire Market by Product, 2020-2030, % of Revenue
Figure 16. Asia Pacific Addressable Market Cap in 2021-2030 by Product, Value ($ mn) and Share (%)
Figure 17. Breakdown of Asia Pacific Automotive Smart Tire Market by Product, 2020-2030, % of Demand Volume
Figure 18. Asia Pacific Addressable Market Cap in 2021-2030 by Product, Volume (million units) and Share (%)
Figure 19. Asia Pacific Automotive Smart Tire Market by Product: Connected Tire, 2020-2030, $ mn
Figure 20. Asia Pacific Automotive Smart Tire Market by Product: Connected Tire, 2020-2030, million units
Figure 21. Asia Pacific Automotive Smart Tire Market by Product: Intelligent Tire/TPMS, 2020-2030, $ mn
Figure 22. Asia Pacific Automotive Smart Tire Market by Product: Intelligent Tire/TPMS, 2020-2030, million units
Figure 23. Asia Pacific Automotive Smart Tire Market by Sensor Type: Tire Pressure Monitoring System (TPMS), 2020-2030, $ mn
Figure 24. Asia Pacific Automotive Smart Tire Market by Sensor Type: Accelerometer Sensor, 2020-2030, $ mn
Figure 25. Asia Pacific Automotive Smart Tire Market by Sensor Type: Strain Gauge Sensor, 2020-2030, $ mn
Figure 26. Asia Pacific Automotive Smart Tire Market by Sensor Type: RFID Chip, 2020-2030, $ mn
Figure 27. Asia Pacific Automotive Smart Tire Market by Sensor Type: Other Sensors, 2020-2030, $ mn
Figure 28. Breakdown of Asia Pacific Automotive Smart Tire Market by Engineering Technology, 2020-2030, % of Sales Revenue
Figure 29. Asia Pacific Addressable Market Cap in 2021-2030 by Engineering Technology, Value ($ mn) and Share (%)
Figure 30. Asia Pacific Automotive Smart Tire Market by Engineering Technology: Pneumatic Tire, 2020-2030, $ mn
Figure 31. Asia Pacific Automotive Smart Tire Market by Engineering Technology: Run-Flat Tire, 2020-2030, $ mn
Figure 32. Asia Pacific Automotive Smart Tire Market by Engineering Technology: Non-Pneumatic Tire, 2020-2030, $ mn
Figure 33. Breakdown of Asia Pacific Automotive Smart Tire Market by Vehicle Type, 2020-2030, % of Sales Revenue
Figure 34. Asia Pacific Addressable Market Cap in 2021-2030 by Vehicle Type, Value ($ mn) and Share (%)
Figure 35. Breakdown of Asia Pacific Automotive Smart Tire Market by Vehicle Type, 2020-2030, % of Demand Volume
Figure 36. Asia Pacific Addressable Market Cap in 2021-2030 by Vehicle Type, Volume (million units) and Share (%)
Figure 37. Asia Pacific Automotive Smart Tire Market by Vehicle Type: Commercial Vehicles, 2020-2030, $ mn
Figure 38. Asia Pacific Automotive Smart Tire Market by Vehicle Type: Commercial Vehicles, 2020-2030, million units
Figure 39. Asia Pacific Automotive Smart Tire Market by Vehicle Type: Passenger Cars, 2020-2030, $ mn
Figure 40. Asia Pacific Automotive Smart Tire Market by Vehicle Type: Passenger Cars, 2020-2030, million units
Figure 41. Breakdown of Asia Pacific Automotive Smart Tire Market by Vehicle Propulsion, 2020-2030, % of Revenue
Figure 42. Asia Pacific Addressable Market Cap in 2021-2030 by Vehicle Propulsion, Value ($ mn) and Share (%)
Figure 43. Breakdown of Asia Pacific Automotive Smart Tire Market by Vehicle Propulsion, 2020-2030, % of Demand Volume
Figure 44. Asia Pacific Addressable Market Cap in 2021-2030 by Vehicle Propulsion, Volume (million units) and Share (%)
Figure 45. Asia Pacific Automotive Smart Tire Market by Vehicle Propulsion: Conventional Vehicles, 2020-2030, $ mn
Figure 46. Asia Pacific Automotive Smart Tire Market by Vehicle Propulsion: Conventional Vehicles, 2020-2030, million units
Figure 47. Asia Pacific Automotive Smart Tire Market by Vehicle Propulsion: Electric Vehicles (EV), 2020-2030, $ mn
Figure 48. Asia Pacific Automotive Smart Tire Market by Vehicle Propulsion: Electric Vehicles (EV), 2020-2030, million units
Figure 49. Breakdown of Asia Pacific Automotive Smart Tire Market by Distribution Channel, 2020-2030, % of Revenue
Figure 50. Asia Pacific Addressable Market Cap in 2021-2030 by Distribution Channel, Value ($ mn) and Share (%)
Figure 51. Breakdown of Asia Pacific Automotive Smart Tire Market by Distribution Channel, 2020-2030, % of Demand Volume
Figure 52. Asia Pacific Addressable Market Cap in 2021-2030 by Distribution Channel, Volume (million units) and Share (%)
Figure 53. Asia Pacific Automotive Smart Tire Market by Distribution Channel: OEMs, 2020-2030, $ mn
Figure 54. Asia Pacific Automotive Smart Tire Market by Distribution Channel: OEMs, 2020-2030, million units
Figure 55. Asia Pacific Automotive Smart Tire Market by Distribution Channel: Aftermarket, 2020-2030, $ mn
Figure 56. Asia Pacific Automotive Smart Tire Market by Distribution Channel: Aftermarket, 2020-2030, million units
Figure 57. Breakdown of APAC Automotive Smart Tire Market by Country, 2020 and 2030, % of Revenue
Figure 58. Contribution to APAC 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 59. Contribution to APAC 2021-2030 Cumulative Market by Country, Volume (million units) and Share (%)
Figure 60. Automotive Smart Tire Market in Japan, 2020-2030, $ mn
Figure 61. Automotive Smart Tire Market in China, 2020-2030, $ mn
Figure 62. Automotive Smart Tire Market in Australia, 2020-2030, $ mn
Figure 63. Automotive Smart Tire Market in India, 2020-2030, $ mn
Figure 64. Automotive Smart Tire Market in South Korea, 2020-2030, $ mn
Figure 65. Automotive Smart Tire Market in Rest of APAC, 2020-2030, $ mn
Figure 66. Growth Stage of Asia Pacific Automotive Smart Tire Industry over the Forecast Period
Asia Pacific automotive smart tire market will grow by 8.1% annually with a total addressable market cap of $563.9 billion over 2021-2030 owing to the escalating demand for electric vehicle, the rapid emergence and advancement of autonomous and connected vehicles, as well as the increasing adoption of artificial intelligence (AI) and 5G networks. The efficient augment in integration of advanced features in a vehicle, including connected tires and tire pressure monitoring system to avoid interruption of vehicle, is likely to augment the demand for smart tires across the Asia Pacific. The prominent augment in integration of sensor systems in vehicle tires, which proposes the real-time data analysis for vehicle users, is prospective to fuel the demand for such tires. Foremost tire manufacturers are investing in technological progress, including B-Tag Systems, to monitor tire pressure and temperature. The system alerts the driver about the maintenance of tires to avoid operative down time. This is projected to propel the automotive smart tire market across the Asia Pacific. The passenger vehicle segment dominates the APAC smart tire market. The acceptance of smart tires for passenger vehicles is likely to grow faster as compared to commercial vehicles. Further, replacement demand for tires is also anticipated to rise which in turn would spur the demand for smart tires over the coming years. Factors influencing the market are, the growing awareness about environmental conservation is expected to surge the demand for eco-friendly cars like hydrogen cars and electric cars. As a result, the demand for automotive smart tires will significantly increase during the forecast period. Automotive smart tires are highly efficient for saving fuel. The growing fuel prices will surge the demand for smart tires. Moreover, smart tires are highly efficient in overcoming several challenges, such as high operating costs of the caravans, tire failures in autonomous trucks, and delays. Thus, such benefits will contribute to market growth. The growing popularity of autonomous and connected vehicles will escalate the market growth during the forecast period. The growing number of government policies to boost the sales of electric vehicles will benefit the market during the study period. It is anticipated that the Asia-Pacific region will have the largest market for automobile smart tyres, largely because of the contribution of developing nations like China, Japan, South Korea, and India. The largest automotive sector is in Asia-Pacific, which helps industry participants broaden their regional reach. Additionally, in the upcoming years, the growing need for next-generation high-performance tyres will become significantly more pronounced. As a result, it will advance the market for automobile smart tyres.
Impact Analysis for COVID-19
The epidemic significantly reduced the demand for automobiles. The pandemic compelled the populace to shift its focus from consumer goods to healthcare. As a result, market growth has decreased. The market for automobile smart tyres was also constrained by production delays and other issues including a labour and raw material shortage.
Highlighted with 36 tables and 66 figures, this 122-page report “Asia Pacific 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” is based on a comprehensive research of the entire Asia Pacific automotive smart tire market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain.
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Asia Pacific automotive smart tire market in every aspect of the classification from perspectives of Product, Sensor, Engineering Technology, Vehicle Type, Vehicle Propulsion, Distribution Channel, and Country.
By Product type
• Connected Tire
• Intelligent Tire/TPMS
By Sensor type
• TPMS
• Accelerometer Sensor
• Strain Gauge Sensor
• RFID Chip
• Other Sensors
By Engineering Technology.
• Pneumatic Tire
• Run-Flat Tire
• Non-Pneumatic Tire
By Vehicle Type
• Commercial Vehicles
• Passenger Cars
By Vehicle Propulsion
• Conventional Vehicles
• Electric Vehicles (EV)
By Distribution Channel
• OEMs
• Aftermarket
By Geography
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) and demand volume (million units) are available for 2019-2030. The breakdown of key national markets by Product, Vehicle Type, and Distribution Channel over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
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,
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
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