Global Automotive Tire Analytics Market by Type (Software, Services), By Application (Passenger Vehicle, Commercial Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive tire analytics market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles, and the rising need for safety and security in these vehicles. The market is segmented by type into software and services. By application, the market is segmented into passenger vehicle and commercial vehicle. Regionally, North America dominates the global automotive tire analytics market followed by Europe, Asia Pacific, Latin America, and Middle East & Africa respectively.



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Product Definition:

The usage of automotive tire analytics is to understand and analyze the data that is collected from automotive tires. This data can include information about the condition of the tires, how they are being used, and how they can be improved. The importance of automotive tire analytics is that it can help improve safety, fuel efficiency, and performance.

Software:

Software is a set of instructions, which when executed by a computer causes the system to perform a specific task. In case of automotive tires software is used for collecting data and performing analysis on it. The collected data helps in determining factors such as temperature, wear and tear etc., which are further used for designing new tires or analyzing current ones.

Services:

Automotive tire analytics is the study of techniques that involve collecting and analyzing data from vehicle tires in order to determine their performance characteristics. Tire analyzers are used for several applications such as monitoring compliance with safety standards, identifying wear patterns, determining the effects of components & compounds on performance, and optimizing maintenance strategies.

Application Insights:

The passenger vehicle segment dominated the market in 2017 and is expected to maintain its dominance over the forecast period. The growing demand for passenger vehicles due to rising disposable income levels, coupled with low interest rates has been a major factor driving the growth of this segment. Moreover, increasing sales of passenger vehicles are also propelling market growth. For instance, according to data published by JATO Dynamics in 2018, Ford sold nearly 1 Million cars globally in one year which was observed under F-Series brand name globally. This significant increase in sales can be attributed towards increased production capacity as well as improved product quality across various models offered by Ford Motor Company worldwide since 2017.

Commercial vehicle analytics solutions have witnessed tremendous growth opportunities owing to increasing demand for commercial transport services such as logistics and intermodal transportation among others across several regions including Asia Pacific and Middle East & Africa on account of rapid industrialization.

Regional Analysis:

North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period, with a notable CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing investments by companies for developing advanced automotive technologies and growing adoption of connected cars technology across the region.

The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising demand for passenger vehicles mainly driven by improving economic conditions leading towards higher disposable income levels among consumers driving both domestic as well as imported models across various countries including China, India, Indonesia, Malaysia and Thailand among others).

Growth Factors:

Increasing demand for automobiles: The global automotive industry is expected to grow at a CAGR of 4.8% from 2016 to 2020, reaching a total market size of .4 trillion by 2020. This will create increased demand for automotive tires, driving the market for automotive tire analytics.
Technological advancements: The development of new technologies in the automotive industry is resulting in the introduction of innovative products and services, such as autonomous cars and electric vehicles. This is creating opportunities for growth in the automotive tire analytics market.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Tire Analytics Market Research Report
By Type
Software, Services
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Dana Inc, Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Sensata Technologies,Inc, Yokohama Tires, JK Tyres, Apollo Tyres, CEAT Limited, Dynamon(Tire Analytics), Fuel & Tire Saver Systems, Bridgestone
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.

Global Automotive Tire Analytics Market Report Segments:
The global Automotive Tire Analytics market is segmented on the basis of:
Types
Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Dana Inc
Robert Bosch GmbH
Continental AG
ZF Friedrichshafen AG
Sensata Technologies,Inc
Yokohama Tires
JK Tyres
Apollo Tyres
CEAT Limited
Dynamon(Tire Analytics)
Fuel & Tire Saver Systems
Bridgestone



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Highlights of The Automotive Tire Analytics Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Software
Services
By Application:
Passenger Vehicle
Commercial Vehicle
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Tire Analytics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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