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Global automotive intelligent tires market to grow at a CAGR of 291 percent through 2021
Editor:Lisa Tan  Post Time:2017-06-08  Click:

Global automotive intelligent tires market to grow at a CAGR of 291 percent through 2021


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Technavio's analysts forecast the global automotive intelligent tires market to grow at a CAGR of 291.23 percent during the period 2017-2021. Original equipment manufacturers (OEMs) are trying to fine tune their ADAS offerings considering the tread wear, which refers to a specificity of tires that changes with use. Some innovative ADAS manufacturers have programmed a specific wear rate based on the miles a tire travels. They have calibrated their ADAS responses based on this factor. This has led to the development of intelligent tires, wherein an assortment of embedded sensors in the tire feeds data to the ECU regarding the wear rate, tire pressure, specific road conditions, suspension feedback, and other related information. This information is used to fine-tune the responses of the vehicle ECU, seating and suspension, ADAS, safety features, and others, thus continuously providing an enhanced ride experience. The report covers the present scenario and the growth prospects of the global automotive intelligent tires market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive intelligent tires. Technavio's report, Global Automotive Intelligent Tires Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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