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Automotive Smart Tire Market - A Global Market and Regional Analysis

Focus on Smart Tire Product, Application, Supply Chain, Sensor Type, Regional and Country - Analysis and Forecast, 2020-2026

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The automotive smart tire market is expected to reach $110.39 Billion by the end of 2026.

Futuristic trends that can influence the growth of the market include energy harvesting in tires for next-generation autonomous vehicles, green tire, self-inflating tire, multi-chamber tire, and shape-shifting tire.

Some of the factors driving the growth of the market include stringent government regulations regarding environment and safety in vehicles, rising adoption of 5G technology in smart tires, and advancements in fleet management solutions through smart tires.

Products covered under automotive smart tire include both tires and sensors. The tires are further categorized under connected tires and intelligent tires. Also, the sensors are further categorized under TPMS, RFID, strain gauge, accelerometer, and others.

Key companies operating in the market include Continental AG, Bridgestone Corporation, Michelin, The Goodyear Tire & Rubber Co., Pirelli & C. S.p.A, The Yokohama Rubber Company, Limited, Hankook Tire & Technology Co., Ltd., Nokian Tyres Plc., Toyo Tire Corporation, Sumitomo Rubber Industries, Ltd., JK Tyres & Industries Ltd., Revvo Technologies, Inc., NXP Semiconductors, Schrader TPMS Solutions, Infineon Technologies AG

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