#Global Tire Pressure Monitoring Systems Market Share

[futuretonext]

The Global Tire Pressure Monitoring Systems Market is projected to grow at a CAGR of around 9.0% during the forecast period, i.e., 2023-28. The market growth is attributed to rising safety concerns, government regulations, and the surging number of passenger & commercial vehicles. Additionally, the elevating number of luxury vehicles, increasing economic and environmental policies, shifting consumer and manufacturer preference for advanced safety features, and the need to reduce vehicular emissions and improve vehicle fuel efficiency are also aiding in market expansion.

#Global Tire Pressure Monitoring Systems Market #Global Tire Pressure Monitoring Systems Market News #Global Tire Pressure Monitoring Systems Market growth #Global Tire Pressure Monitoring Systems Market Share #Global Tire Pressure Monitoring Systems Market Size #Global Tire Pressure Monitoring Systems Market industry

[market-r]

Light Energy Harvesting Size, Share, Growth, Demand, Forecast by 2029

This Light Energy Harvesting market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Light Energy Harvesting report simplifies managing marketing of goods and services effectively.

Data Bridge Market Research analyses that the light energy harvesting market was valued at USD 1,108.24 million in 2021 and is expected to reach the value of USD 1,874.96 million by 2029, at a CAGR of 6.60% during the forecast period of 2022-2029.

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Market Overview:

The segment's need for improvement has grown as many countries work to use renewable resources. There is a global market demand for management solutions for controlling and forecasting energy consumption. The growing urban population, rising demand for safe, power-efficient, and long-lasting systems, the growing trend toward green energy, the penetration of energy harvesting technology in building and home automation, and favourable government initiatives are expected to drive market growth during the forecast period.

Some of the major players operating in the Light Energy Harvesting market are ABB (Switzerland), Analog Devices, Inc. (U.S.), Texas Instruments Incorporated (U.S.), Cymbet Corporation (U.S.), EnOcean GmbH (Germany), STMicroelectronics N.V. (Switzerland), e-peas SA (Belgium), Advanced Linear Devices, Inc. (U.S.), Piezo (U.S.), Cypress Semiconductor Corporation (U.S.), Powercast Corporation (U.S.), Laird Light Systems, Inc. (U.S.), DCO Systems Ltd (U.K.), Honeywell International Inc. (U.S.), and Drayson Technologies Ltd. (U.K.). among others.

Global Light Energy Harvesting Market Scope

The light energy harvesting market is segmented on the basis of component, sensor type, application, and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

Transducer

Power Management Integrated Circuit (PMIC)

Secondary Battery

Sensor type

Wireless Sensor Network (WSN)

Others

End Use

Wireless Switching System

Wireless HVAC System

Wireless Sensing and Telematics System

Tire Pressure Monitoring System

Asset Tracking System

Remote Health Monitoring System

Regenerative Energy Harvesting System

Application

Building and Home Automation

Consumer Electronics

Industrial

Transportation

Security

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Light Energy Harvesting Market Landscape

Part 04: Global Light Energy Harvesting Market Sizing

Part 05: Global Light Energy Harvesting Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Data Bridge Market Research has more than 500 analysts working in different industries. We have served more than 40% of the Fortune 500 companies globally and have a network of more than 5,000 clients worldwide. Data Bridge is an expert in creating satisfied customers who trust our services and trust our hard work with certainty. We are pleased with our glorious 99.9% customer satisfaction rating.

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Global Automotive Tire Tread Sensors Market Size, Share, & Growth report 2032

The Global Automotive Tire Tread Sensors Market size was estimated at USD XX billion in 2021 and is expected to hit around USD XX billion by 2030, poised to grow at a compound annual growth rate (CAGR) of XX% from 2022 to 2030.

Global Automotive Tire Tread Sensors Market: Breakup by Region, 2022 & 2031

The Automotive Tire Tread Sensors market refers to the segment of the automotive industry that produces and sells sensors designed to measure the tread depth and other characteristics of vehicle tires. These sensors are typically embedded within the tires or integrated with the wheels and are used to monitor tire wear, detect tire damage, and provide information about tire pressure and temperature. The market for these sensors is driven by increasing safety concerns, government regulations, and the need for improved fuel efficiency in vehicles. Automotive tire tread sensors are primarily used in passenger cars, commercial vehicles, and off-highway vehicles such as construction equipment and mining trucks.

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The global market scenario for various industries is shaped by a multitude of market drivers. Some of the key drivers that impact the global market include technological advancements, changing consumer preferences and lifestyles, increasing urbanization, growing population, and rising disposable income. Additionally, government regulations and policies, international trade agreements, and geopolitical factors can also influence the global market. In recent years, concerns around sustainability and environmental protection have also become important drivers for market growth, as consumers and businesses increasingly prioritize eco-friendly products and practices. The COVID-19 pandemic has also had a significant impact on the global market, leading to shifts in consumer behavior and changes in supply chain dynamics.

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The global market scenario is characterized by a variety of market trends that are shaping industries across the world. One key trend is the growing adoption of digital technologies, such as artificial intelligence, big data analytics, and the Internet of Things, which are transforming businesses and enabling new opportunities for growth and innovation. Another trend is the increasing focus on sustainability and environmental responsibility, with consumers and businesses seeking out products and services that are eco-friendly and socially responsible.

Market Segmentation:

Market Breakup: By Technology

RFID (Radio Frequency Identification)

Pressure-Based

Piezoelectric Sensors

Market Breakup: By Type

Indirect And Direct Tire Pressure

Monitoring Systems (TPMS)

Tread Wear Indicators

Market Breakup: By Vehicle Type

Passenger Cars

Commercial Vehicles

Off-Highway Vehicles

Regional Analysis

The size and scope of the global Automotive Tire Tread Sensors Market vary by region and are important and expanding. Below is a quick summary of the industry’s regional analysis:

North America is a mature market for Automotive Tire Tread Sensors, with a high adoption rate of advanced automotive technologies. The presence of major automotive manufacturers and strict government regulations regarding vehicle safety are key drivers for market growth in the region.

Europe is another mature market, with a high demand for advanced safety features in vehicles. The region has strict regulations regarding vehicle safety and emissions, which is driving the adoption of Automotive Tire Tread Sensors.

Asia-Pacific is a rapidly growing market for Automotive Tire Tread Sensors, due to the increasing demand for passenger and commercial vehicles, particularly in countries such as China and India. The region has a large automotive industry and is home to some of the major tire manufacturers, which is fueling the demand for Automotive Tire Tread Sensors.

South America has a growing demand for Automotive Tire Tread Sensors, due to the increasing adoption of advanced automotive technologies and government regulations regarding vehicle safety. Brazil is the largest market in the region.

The Middle East & Africa region has a relatively small market for Automotive Tire Tread Sensors, but is expected to grow due to increasing demand for advanced automotive technologies and government initiatives to improve road safety. The region has a growing automotive industry and increasing urbanization, which is driving the demand for Automotive Tire Tread Sensors.

Market Breakup by Region

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Competitive Landscape

The Automotive Tire Tread Sensors Market competitive landscape provides details by competitor. Details included are company outline, company financials, revenue generated, market potential, investment in research and development, new market initiatives, worldwide occurrence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The overhead data points providing are only related to the businesses’ focus related to Automotive Tire Tread Sensors marketplace.

Market Size:

As of [current year], the Global Automotive Tire Tread Sensors Market has witnessed substantial growth, with a market size estimated at [provide statistics]. The increasing emphasis on vehicle safety, along with the integration of smart technologies in automobiles, has fueled the demand for tire tread sensors globally. With automotive manufacturers and consumers alike recognizing the importance of real-time tire monitoring, the market is poised for further expansion.

Growth Drivers:

Safety Takes the Driver’s Seat: The primary catalyst propelling the growth of tire tread sensors is the heightened focus on road safety. These sensors provide real-time data on tire conditions, enabling drivers to take proactive measures before potential issues arise. With safety standards becoming more stringent worldwide, the integration of tire tread sensors has become a necessity rather than a luxury.

Smart Mobility Solutions: The era of smart mobility has dawned upon the automotive industry, and tire tread sensors play a pivotal role in this transformation. These sensors contribute to the development of connected vehicles, offering valuable insights into tire health, optimizing fuel efficiency, and enhancing overall vehicle performance. As the automotive landscape embraces connectivity, the demand for tire tread sensors is expected to surge.

Fuel Efficiency and Environmental Concerns: In a world increasingly conscious of environmental impact, automotive manufacturers are seeking ways to enhance fuel efficiency. Tire tread sensors aid in maintaining optimal tire pressure and tread depth, directly influencing fuel economy. This green initiative aligns with global efforts to reduce carbon emissions and create a more sustainable future.

Trends Steering the Market:

Integration with IoT and AI: The integration of tire tread sensors with Internet of Things (IoT) and Artificial Intelligence (AI) technologies is a notable trend. This combination allows for predictive maintenance, as sensors can analyze data patterns and predict potential tire issues before they become critical. This predictive approach enhances vehicle safety and reduces unexpected breakdowns.

OEMs Leading the Charge: Original Equipment Manufacturers (OEMs) are at the forefront of adopting and integrating tire tread sensor technology into their new vehicle models. This trend is driven by the desire to offer advanced safety features, stay competitive in the market, and meet evolving consumer expectations for smart and connected vehicles.

Rise of Autonomous Vehicles: The growing interest and development of autonomous vehicles further amplify the importance of tire tread sensors. In autonomous driving scenarios, where real-time data is crucial for vehicle control, these sensors contribute significantly to ensuring a safe and smooth ride.

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[vijukumar]

Tire Market: Trends, Challenges, and Future Outlook

In the bustling world of automotive industries, the tire market stands as a crucial cornerstone, shaping not just transportation but also influencing global economies. As vehicles traverse varied terrains and climates, tires play a pivotal role in ensuring safety, efficiency, and performance. With the continuous advancements in technology, shifting consumer preferences, and environmental concerns, the tire market is witnessing dynamic changes, presenting both challenges and opportunities for stakeholders.

Understanding the Current Landscape

Tire Market Overview: The tire market encompasses a vast array of segments, including passenger vehicles, commercial vehicles, off-highway vehicles, and specialty vehicles. The global Automotive Tire market size is estimated to be worth US$ 134990 million in 2022 and is forecast to a readjusted size of US$ 167870 million by 2028 with a CAGR of 3.7% during the review period. According to recent research reports, the global tire market is experiencing steady growth, driven by factors such as increasing vehicle production, rising disposable incomes, and expanding automotive aftermarket services.

Market Share and Revenue: Leading tire manufacturers vie for market share, constantly innovating to gain a competitive edge. Companies such as Michelin, Bridgestone, Goodyear, and Continental consistently feature among the top players in terms of revenue and market presence. Their strategies encompass product diversification, technological advancements, and strategic partnerships to capture a larger market share.

Industry Analysis: The tire industry undergoes rigorous analysis to identify emerging trends, consumer preferences, and competitive landscapes. Market research reports delve deep into various aspects such as tire types (radial, bias), materials (rubber, synthetic), and end-users (OEMs, aftermarket).

Trends Shaping the Future

Shift towards Sustainable Solutions: With increasing environmental consciousness, there's a notable shift towards eco-friendly tire solutions. Manufacturers are exploring alternatives to traditional rubber, incorporating recycled materials, and developing tires with lower rolling resistance to enhance fuel efficiency.

Rise of High-Performance Tires: Enthusiasts and consumers alike are driving the demand for high-performance tires, seeking superior handling, grip, and durability. This segment encompasses not only sports cars but also performance-oriented SUVs and sedans, presenting lucrative opportunities for tire manufacturers.

Technological Innovations: The tire industry is witnessing a surge in technological innovations, including the development of airless tires, intelligent tires embedded with sensors for real-time monitoring, and advancements in tire manufacturing processes such as 3D printing and nanotechnology.

Digital Transformation: Digitalization is revolutionizing the tire industry, from online tire sales platforms to tire pressure monitoring systems (TPMS) integrated into vehicles. Data analytics and artificial intelligence are being leveraged to optimize tire performance, predict maintenance needs, and enhance overall driving safety.

Challenges to Navigate

Supply Chain Disruptions: The tire industry, like many others, faces challenges stemming from supply chain disruptions, raw material shortages, and geopolitical uncertainties. Striking a balance between global sourcing and local production becomes essential to mitigate risks and ensure continuity.

Regulatory Compliance: Stringent regulations pertaining to tire manufacturing, labeling, and disposal pose compliance challenges for manufacturers. Adhering to standards related to safety, emissions, and sustainability requires continuous adaptation and investment in R&D.

Market Fragmentation: The tire market is inherently fragmented, with diverse consumer preferences, regional variations, and vehicle-specific requirements. Tailoring product offerings to meet varied demands while maintaining economies of scale presents a balancing act for manufacturers.

Future Outlook

Despite challenges, the future of the tire market appears promising, driven by innovation, sustainability initiatives, and technological advancements. As electric vehicles gain prominence, the demand for specialized tires optimized for EV performance is expected to rise. Moreover, the advent of autonomous vehicles opens new avenues for tire manufacturers, necessitating tires capable of meeting the unique demands of self-driving technology.

Conclusion

The tire market remains dynamic and resilient, adapting to changing landscapes while catering to evolving consumer needs. By embracing innovation, sustainability, and digital transformation, stakeholders can navigate the complexities of the tire industry and emerge stronger in the competitive global market. As we journey towards a future of mobility, tires will continue to be the foundation upon which safe and efficient transportation relies.

#Tire Market #Tire Market Share #Tire Market Revenue #Tire Market Growth #Global Tire Industry #Tire Market Future Outlook #Tire Industry Analysis #Tire Industry Research Reports

[researchgroup-12345]

[fairfieldmarketreports]

Mexico Carbon Black Market Demand, Size and Growth Opportunity 2021-2025

The carbon black market in Mexico has become an integral part of the country's modern automotive culture, revolutionizing the performance and longevity of tires. With carbon black reinforcement, tires now have the capability to travel significantly more miles compared to older tires, resulting in increased durability and reduced frequency of replacements. This transformation in the automotive industry has contributed to the remarkable growth of the carbon black market, which was valued at US$17.4 billion in 2018 and is projected to reach US$23.6 billion by 2025, with a healthy compound annual growth rate (CAGR) of 6.5% between 2021 and 2025, according to a recent study conducted by Fairfield Market Research.

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Carbon black, a fine black powder composed of elemental carbon, is primarily manufactured through the partial combustion and pyrolysis of low-value oil residues derived from coal or crude oils. The furnace black process accounts for over 95% of carbon black production globally. Its versatile properties make it a vital element in the production of numerous products used in everyday life, particularly those requiring a strong and deep black color. Carbon black is commonly used as a reinforcement agent in rubber and non-rubber applications, as well as a pigment, conductive or insulating agent, rheology modifier, and UV stabilizer.

Tires represent a key consumer segment in the global carbon black market, with the tire industry alone accounting for over 70% of the global demand in 2019. In Mexico, the increasing disposable incomes and expanding economic activities have led to higher vehicle ownership rates and a surge in the demand for carbon black in the tire industry. The adoption of high-performance and premium tires, as well as tire pressure monitoring systems, has further bolstered this demand. Additionally, the growth of the transportation industry, including the rise of electric vehicles, shared transportation, and driverless technology, is expected to fuel the tire replacement market, providing lucrative opportunities for the carbon black market in Mexico.

Apart from tires, carbon black finds extensive usage in industrial rubber goods, including mechanical rubber goods (conveyor belts, hoses, gaskets, and seals) and automotive rubber parts (anti-vibration parts, sealant systems, wiper blades, and fascia). Specialty carbon black, a niche segment within the carbon black market, is witnessing significant growth due to its applications as a black pigmenting, conductive, and UV stabilizing agent in paints, printing ink toners, plastics, batteries, wires and cables, sealant systems, and solid carbons.

In Mexico, the dominance of the carbon black market is expected to continue in the Asia Pacific region, which accounted for over 60% of the global demand in 2019. The region benefits from lower production costs due to the availability of low-priced feedstock and lower labor rates. China, in particular, is the largest producer of carbon black globally, accounting for more than 40% of the total production.

While Europe is anticipated to exhibit stable demand for rubber and mechanical rubber goods carbon black, the region is experiencing rising demand for specialty carbon black, particularly in the form of conductive additives for paints, plastics, inks, and electric vehicle batteries. Specialty carbon black plays a crucial role in supporting the EU's "Smart and Sustainable Mobility Strategy," which aims to have 30 million electric vehicles on the roads by the end of the decade.

To meet sustainability goals and reduce greenhouse gas emissions, companies in the carbon black market are actively focusing on cleaner and renewable sources for production. Technological advancements and the integration of renewable energy into the production process are becoming key priorities for industry players. Monolith Materials, for example, has announced significant investments in its carbon black production, utilizing proprietary technology to convert natural gas into carbon black while reducing emissions by up to 1 million tons annually.

As the carbon black market continues to thrive and revolutionize the automotive industry, Mexico remains a significant player in this global phenomenon. With its strong demand for carbon black in tire manufacturing and the growing adoption of specialty carbon black, Mexico's market is poised for sustained growth and prosperity.

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[freefartexpert]

Automotive Electronics Market to be Worth $361.6 Billion by 2030 - Exclusive Report by Meticulous Research®

Meticulous Research®—a leading global market research company, published a report titled, 'Automotive Electronics Market by Component (ECU, Sensors, ICs), Material (Silicon, Germanium), Application (ADAS, Infotainment Systems), Vehicle Type (ICE, Hybrid, Electric Vehicles, ), Channel (OEMs, Aftermarket), and Geography - Global Forecast to 2030.’

According to the latest publication from Meticulous Research®, the automotive electronics market is projected to reach $361.6 billion by 2030, at a CAGR of 6.7% during the forecast period of 2023 to 2030. The growth of this market is attributed to the surge in vehicle electrification, the increasing need for energy-efficient electronic devices, and the rising demand for safety and control systems. In addition, the growing demand for ADAS & AD and the high demand for adaptive lighting systems in passenger and entry-level SUVs are expected to offer significant opportunities for the growth of this market. However, the high cost of electronic systems hampers the growth of this market. In addition, fluctuating raw material prices is a major challenge to the growth of this market.

The automotive electronics market is segmented by component, material, application, vehicle type, and distribution channel. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

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Based on component, the automotive electronics market is segmented into electronic control units, sensors, integrated circuits, head-up displays, actuators, IP modules, and other components. In 2023, the electronic control units segment is expected to account for the largest share of the automotive electronics market. This segment's large market share is attributed to increasing demand for technologically advanced vehicles in developed and developing countries, such as hybrid and pure electric cars, rising government regulations pertaining to fuel consumption, and the growing need for better mileage of vehicles by the middle-class population. ECUs are responsible for collecting data from sensors throughout the vehicle and making decisions or executing commands based on that information. They control and coordinate the operation of different systems, ensuring optimal performance, efficiency, and safety.

However, the sensors segment is projected to register the highest CAGR during the forecast period. The high market growth is driven by the rising demand for sensors in hybrid powertrains, growing awareness about reducing vehicles' carbon footprint, and the increasing need to monitor and optimize temperature, pressure, and position for compliance with various emission norms and regulations.

Based on material, the automotive electronics market is segmented into silicon, germanium, and other materials. In 2023, the silicon segment is expected to account for the largest share and is projected to register the highest CAGR during the forecast period. This segment's large market share is attributed to its compact size, powerful and extremely efficient in supporting electromobility, enabling fast recharging, improving battery control, saving energy, and increasing the range of electric cars. Silicon-based integrated circuits play a vital role in automotive electronics. These ICs are fabricated on silicon wafers using semiconductor manufacturing processes. They integrate multiple electronic components, such as transistors, diodes, resistors, and capacitors, onto a single chip. ICs enable the miniaturization, high performance, and complexity required for various automotive applications.

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Based on application, the automotive electronics market is segmented into tire pressure monitoring systems, engine management & powertrain systems, fuel injection systems, infotainment systems, ADAS, body control & comfort, safety, architecture & networking, HVAC systems, autonomous mobility, lighting systems, and other applications. In 2023, the body control & comfort segment is expected to account for the largest share of the automotive electronics market. This segment's large market share is attributed to increasingly stringent engine management requirements for EVs, the rising number of premium comfort features in lower vehicle segments, and the growing deployment of V2V and V2X connectivity technologies.

However, the ADAS segment is projected to register the highest CAGR during the forecast period. The high market growth is driven by the rising collaboration between major automakers, technology companies, and semiconductor manufacturers to develop advanced electronic systems and technologies to support autonomous driving, growing demand for luxury vehicles, and increasing demand for safety & driving comfort features.

Based on vehicle type, the automotive electronics market is segmented into internal combustion engine, hybrid, and electric vehicles. In 2023, the internal combustion engine segment is expected to account for the largest share of the automotive electronics market. ICE engines are more durable and require less maintenance than electric motors, and stringent government norms with respect to fuel efficiency are some of the drivers for the growth of this segment.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/automotive-electronics-market-5531

However, the electric vehicles segment is projected to register the highest CAGR during the forecast period. The high market growth in electric vehicles is driven by decreasing prices of batteries, rising environmental concerns, and increasing investments by leading automotive OEMs.

Based on distribution channel, the automotive electronics market is segmented into OEMs and aftermarket. In 2023, the OEMs segment is expected to account for the larger share of the automotive electronics market. However, the aftermarket segment is projected to register the highest CAGR during the forecast period.

Based on geography, the automotive electronics market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia- Pacific is expected to account for the largest share of the market and is also expected to grow during the forecast period. The large market share is attributed to increasing demand for EVs, growing number of manufacturers offering numerous advanced automotive electronics in the mobility industry, and incentive programs for EV adopters.

Key Players

The key players operating in the automotive electronics market are Infineon Technologies AG (Germany), Robert Bosch GmbH (Germany), Valeo Inc. (France), Continental AG (Germany), Hitachi, Ltd. (Japan), Aptiv PLC (Ireland), Texas Instruments Incorporated (U.S.), STMicroelectronics International N.V. (Switzerland), NXP Semiconductors (Netherlands), ZF Friedrichshafen AG (Germany), Visteon Corporation (U.S.), Advanced Micro Devices, Inc. (U.S.), Magna International Inc. (Canada), DENSO CORPORATION (Japan), and Hyundai Mobis Co., Ltd. (South Korea).

Quick Buy – Automotive Electronics Market- Global Opportunity Analysis and Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/59273732

Key questions answered in the report-

Which are the high-growth market segments based on component, material, application, vehicle type, and distribution channel?

What was the historical market size for automotive electronics?

What are the market forecasts and estimates for the period 2023–2030?

What are the major drivers, restraints, opportunities, and challenges in the automotive electronics market?

Who are the major players, and what shares do they hold in the automotive electronics market?

How is the competitive landscape in the automotive electronics market?

What are the recent developments in the automotive electronics market?

What are the different strategies adopted by the major players in the automotive electronics market?

What are the key geographic trends, and which are the high-growth countries?

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[teju55]

[rohittriton]

Tire Aftermarket, Tire Replacement Market: A Competing Shift

A flat tire is among the several inconveniences vehicle owners aim to avoid. Whether due to valve system damage or blowout due to over-inflation, the absence of a proper tire can severely damage the wheel and trigger tire replacement. This drawback has instigated several tire producers to invest in R&D to develop high-performance, fuel-efficient tires, opening avenues for the global tire aftermarket, tire replacement market.

Additionally, integrating systems like anti-lock braking systems, electronic power control, and tire pressure monitoring systems has upheaved the demand for tire aftermarket services. Our estimates have gathered that the global market is set to gain revenue worth $93.38 billion by 2028, rising at a CAGR of 4.43% during the forecast years 2022-2028.

Developments in Aftermarket Services

Wait, did you say airless tires? Instead of air, tires are now integrated with a network of spokes that keeps the wheels rigid while giving them a see-through appearance. Each year, around 20% of tires are trashed due to puncture or uneven wear, stimulating manufacturers like Michelin to launch UPTIS airless automobile tire design that results in lower raw material and waste consumption. In this regard, the company has teamed up with GM to introduce UPTIS by 2024.

Besides, the tires’ ability to bear high weight and absorb shocks is anticipated to support the growth of the 16-18-inch rim size category. Numerous players have opted for this size since it offers additional grip, braking performance, and ride comfort, a major driving force for the tire aftermarket, tire replacement market.

The Green Initiative: With the average crude oil price rising from $39.68 in 2020 to $97.64 in 2022 and the rising carbon footprint, the demand for energy-efficient tires has boosted the tire replacement market. Besides, advances in tire energy efficiency can decrease global fuel consumption by around 5% in passenger vehicles, per the International Council on Clean Transportation. This has led low rolling resistance tires to gain immense traction among consumers to lower their total carbon footprint.

Considering this trend, in January 2023, Goodyear revealed a demonstration tire made of 90% sustainable materials, including carbon black and soybean oil. While it stated the need for further collaboration to bring 90% sustainable tires into the market, the company plans to sell them with 70% sustainable material in 2023. Our analysis indicates that the radial tire type captures the highest share in the market as it has lower rolling resistance, achieving greater fuel efficiency.

Labeling Culture: Labeling has emerged as a viable solution to differentiate products from packaging to tires. However, governments are striving to implement standards to eliminate redundant performance classes from the scale. For instance, the label design will be changed in the US with snow and ice grip symbols. The European Commission also introduced Euro 7 standards for particle emission from tires and brakes to ensure cleaner vehicular movement and air quality across the region.

Other than this, the Indian government mandated new standards in 2021 to enhance fuel efficiency and braking impact on wet roads. Earlier in 2022, Michelin became the first tire brand to receive a 4-star rating by the Bureau of Energy Efficiency, India, under the new star labeling program. Such steps by government bodies to promote sustainability are set to be a growth enabler for the Asia-Pacific tire aftermarket, tire replacement market.

Electric Vehicle: Revving Up the Ride

Over the course of a decade, electric vehicle sales soared to reach around 7 million units in 2021. Fueled by the falling costs of lithium-ion batteries, the rising EV sales have revolutionized the automotive industry and the tire sector. Furthermore, since the additional weight of batteries in EVs lead to enhanced stiffness, the demand for cutting-edge tires has accelerated. As a result, companies like Bridgestone have unveiled ENLITEN Technology that decreases tire rolling resistance by 30% and weight by 20% to expand EV driving range and reduce environmental impact. Therefore, the EV industry is attractive for expanding the tire aftermarket, tire replacement market.

FAQs:

Q1) What are the types of tires in the aftermarket, tire replacement market?

There are two major types of tires, namely, radial and bias, in the tire aftermarket, tire replacement market.

Q2) Which region will witness the fastest growth during the forecast period?

Asia-Pacific tire aftermarket, tire replacement is anticipated to witness the fastest growth, attaining a CAGR of 5.09% during the forecast period 2022-2028.

[researchvishal]

Automatic Tire Inflation System Market Market Analysis by Size, Share, Growth, Trends up to 2033

As the market share of automatic tire inflation system market size grows from US$ 2.2 Billion in 2023 to over US$ 3.6 Billion in 2033, its net worth is forecast to reach over US$ 3.6 billion by 2033. The global market for automatic tire inflation systems is expected to register a CAGR of 5.2% between 2023 and 2033 due to increased fuel demand and the need to increase tire life expectancy.

An automatic tire inflation system is a device that is installed on commercial vehicles to automatically maintain proper tire pressure. The system continuously monitors tire pressure and inflates or deflates the tires as needed to ensure that they remain within the recommended pressure range. Maintaining proper tire pressure is important for several reasons. Underinflated tires can reduce fuel efficiency, cause premature wear and tear on the tires, and increase the risk of a blowout or other tire-related accidents. Overinflated tires can also cause problems, such as reduced traction and a rougher ride.

A rise in the demand for all-terrain and military vehicles, an increase in safety features in vehicles, and a need for increased passenger comfort all contribute to the growth of the global automotive automatic tire inflation system market.

Due to its several advantages, including improved fuel efficiency and extended tire life, automatic tire inflation systems are becoming increasingly popular in emerging economies, particularly in developing countries. The majority of the market for automatic tire inflation systems is driven by the increase in vehicle automation, as well as the increase in vehicle automation.

In the global automotive automatic tire inflation system market, technological advancements and integration with telematics are expected to boost revenues.

For more information: https://www.futuremarketinsights.com/reports/automatic-tire-inflation-system-market

Key Takeaways from the Automatic Tire Inflation System Market Study

The automatic tire inflation system is expected to increase at a notable CAGR of 5.2%.

North America dominates the market for automatic tire inflation systems.

Asia Pacific region is expected to grow at the fastest rate with an increased revenue share.

Backed by the steadily expanding manufacturing hubs and growing demand from the automotive sector, China is the hotspot for stakeholders in the global automatic tire inflation system industry.

Germany is the dominating country in Europe’s automatic tire inflation system industry and is set to remain in that position through 2033.

Competitive Landscape for the Automatic Tire Inflation System Market

There are several manufacturers who have introduced multi-performance variants of their products in an attempt to expand their product portfolios and attract consumers from a variety of industry verticals. An imperative part of a company's marketing strategy is to increase its market position by executing strategies such as mergers and acquisitions. In order to improve its position in the market, the company has implemented these strategies in order to remain competitive and gain a competitive advantage. Automatic tire inflation system manufacturers have invested heavily in R&D, resulting in several novel products that can be used across the previously niche market.

Some major automatic tire inflation system manufacturers include Dana Incorporated, Meritor, Inc., EnPro Industries, Inc., Nexter Group, Servitech Industries, Inc., Hendrickson USA, L.L.C., Tire Pressure Control International Ltd., PTG Reifendruckregelsysteme GmbH, Aperia Technologies, Inc., Systems GmbH, Bigfoot Equipment Ltd., Tibus Offload Ltd. & Co. KG, AIR CTI, FTL Technology Limited, Col-Ven S.A.

Recent Developments in the Automatic Tire Inflation System Market

Michelin has introduced Zen@Terra, an all-around solution that allows tractor tire air pressure to be adjusted. In partnership with Masternaut (France), Michelin acquired one of the major European telematics companies. Masternaut Telematics provides TPMS which can be interfaced with onboard ATIS/CTIS systems for a user-friendly experience.

As an option on their 8R series tractor, John Deere (US) will offer a home-built ATIS system in 2021.

AIR CTI launched its new AIR Central Tire Inflation System, LMTV Tire Inflation System, and others a couple of years back.

In February 2022, Tesla patented the first ever on-the-go tire inflation system catering to both passenger cars and commercial vehicles. The upcoming semi-truck is also expected to be compatible with this system.

[futuretonext]

The Global Tire Pressure Monitoring Systems Market is projected to grow at a CAGR of around 9.0% during the forecast period, i.e., 2023-28. The market growth is attributed to rising safety concerns, government regulations, and the surging number of passenger & commercial vehicles. Additionally, the elevating number of luxury vehicles, increasing economic and environmental policies, shifting consumer and manufacturer preference for advanced safety features, and the need to reduce vehicular emissions and improve vehicle fuel efficiency are also aiding in market expansion.

#Global Tire Pressure Monitoring Systems Market #Global Tire Pressure Monitoring Systems Market News #Global Tire Pressure Monitoring Systems Market Growth #Global Tire Pressure Monitoring Systems Market Report

[automotiveanalyticsmarket]

[tritonmarketresearch]

Tire Aftermarket, Tire Replacement Market: A Competing Shift

Tire AftermarketA flat tire is among the several inconveniences vehicle owners aim to avoid. Whether due to valve system damage or blowout due to over-inflation, the absence of a proper tire can severely damage the wheel and trigger tire replacement. This drawback has instigated several tire producers to invest in R&D to develop high-performance, fuel-efficient tires, opening avenues for the global tire aftermarket, tire replacement market.

Additionally, integrating systems like anti-lock braking systems, electronic power control, and tire pressure monitoring systems has upheaved the demand for tire aftermarket services. Our estimates have gathered that the global market is set to gain revenue worth $93.38 billion by 2028, rising at a CAGR of 4.43% during the forecast years 2022-2028.

Developments in Aftermarket Services

Wait, did you say airless tires? Instead of air, tires are now integrated with a network of spokes that keeps the wheels rigid while giving them a see-through appearance. Each year, around 20% of tires are trashed due to puncture or uneven wear, stimulating manufacturers like Michelin to launch UPTIS airless automobile tire design that results in lower raw material and waste consumption. In this regard, the company has teamed up with GM to introduce UPTIS by 2024.

Besides, the tires’ ability to bear high weight and absorb shocks is anticipated to support the growth of the 16-18-inch rim size category. Numerous players have opted for this size since it offers additional grip, braking performance, and ride comfort, a major driving force for the tire aftermarket, tire replacement market.

The Green Initiative: With the average crude oil price rising from $39.68 in 2020 to $97.64 in 2022 and the rising carbon footprint, the demand for energy-efficient tires has boosted the tire replacement market. Besides, advances in tire energy efficiency can decrease global fuel consumption by around 5% in passenger vehicles, per the International Council on Clean Transportation. This has led low rolling resistance tires to gain immense traction among consumers to lower their total carbon footprint.

Considering this trend, in January 2023, Goodyear revealed a demonstration tire made of 90% sustainable materials, including carbon black and soybean oil. While it stated the need for further collaboration to bring 90% sustainable tires into the market, the company plans to sell them with 70% sustainable material in 2023. Our analysis indicates that the radial tire type captures the highest share in the market as it has lower rolling resistance, achieving greater fuel efficiency.

Labeling Culture: Labeling has emerged as a viable solution to differentiate products from packaging to tires. However, governments are striving to implement standards to eliminate redundant performance classes from the scale. For instance, the label design will be changed in the US with snow and ice grip symbols. The European Commission also introduced Euro 7 standards for particle emission from tires and brakes to ensure cleaner vehicular movement and air quality across the region.

Other than this, the Indian government mandated new standards in 2021 to enhance fuel efficiency and braking impact on wet roads. Earlier in 2022, Michelin became the first tire brand to receive a 4-star rating by the Bureau of Energy Efficiency, India, under the new star labeling program. Such steps by government bodies to promote sustainability are set to be a growth enabler for the Asia-Pacific tire aftermarket, tire replacement market.

Electric Vehicle: Revving Up the Ride

Over the course of a decade, electric vehicle sales soared to reach around 7 million units in 2021. Fueled by the falling costs of lithium-ion batteries, the rising EV sales have revolutionized the automotive industry and the tire sector. Furthermore, since the additional weight of batteries in EVs lead to enhanced stiffness, the demand for cutting-edge tires has accelerated. As a result, companies like Bridgestone have unveiled ENLITEN Technology that decreases tire rolling resistance by 30% and weight by 20% to expand EV driving range and reduce environmental impact. Therefore, the EV industry is attractive for expanding the tire aftermarket, tire replacement market.

#Tire Aftermarket #tire replacement market #Automotive industry #automotive components #market research report #market research reports #triton market research

[severepeanutperfection]

TPMS Battery Market Brief Forecast and Analysis by Top Key Players to 2026

Persistence Market Research digs deep into the global TPMS battery market and fetches key information through structured market research. The report reveals that the CR type battery will dominate the market and is estimated to hold more than an 80% market value share.

It is expected to grow with a CAGR (Value) of 8.4% by the end of the forecast period 2026. The present estimated value of the global TPMS Battery market is more than US$ 451.6 Mn in 2018 and the market will expand with a CAGR of 8.2% to reach US$ 847.4 Mn by the end of 2026.

Global TPMS Battery Market Dynamics

The global TPMS battery market is estimated to be driven by the increasing production of vehicles across the globe. Healthy growth in the automotive industry will also be a prime factor supplementing market growth. Growing regulations that mandate the installation of TPMS in developed regions such as North America, Europe and China act as a catalyst in the overall growth of the TPMS battery market.

Moreover, the increasing adoption of automotive safety systems is the key factor driving the growth of the tire pressure monitoring systems (TPMS) market. This will further upsurge the demand for TPMS batteries over the forecast period. Product development is expected to remain the major focus area for leading players in the market.

On the other hand, one of the major challenges faced by TPMS battery manufacturers is that new TPMS sensors requires no batteries, which is anticipated to hamper the growth of the TPMS battery market over the forecast period. Moreover, TPMS sensors help in tracking vehicles, which is also expected to hinder the growth of the TPMS & TPMS battery market in the near future. Leading players in the market are observed to use research & development as a major part of their strategy to launch new and innovative products.

Global TPMS Battery Market Forecast

Market insights suggests that the overall width of the global TPMS battery market will expand within the forecast period. Several positive changes are expected to fuel the growth of the market. The market is relatively small and each portion has a crucial role to play.

By battery type, the CR type battery segment will play a pivotal role in building market revenue and is expected to occupy a major share of the market. The report hints that the lithium ion segment by type will account for a value share of 92.0% in the global TPMS battery market.

For More Info @ https://www.persistencemarketresearch.com/market-research/tpms-battery-market.asp

Global TPMS Battery Market: Competitive Landscape

Some of the key market participants reported in this study of the global TPMS battery market include Murata Manufacturing Co., Ltd., Panasonic Corporation, Maxell, Ltd., Duracell Inc., The Swatch Group (Renata SA), BE-Power GmbH, EVE Energy Co., Ltd., Guangzhou Mai Sheng Energy Technology Co Ltd, Suzhou South Large Battery Co., Ltd. and Shenzhen Pkcell Battery Co., Ltd.

TPMS Battery Market Global Industry Analysis

Battery Type

CR Type Battery

BR Type Battery

CR 2032

CR 2430

CR 2320

Capacity

Up to 350 mA

Above 350 mA

Type

Lithium ion

Nickel Metal Hydride

Sales Channel

OES (Original Equipment Supplier)

IAM (Independent Aftermarket)

Distribution Channel

Offline Sales

Online Sales

Region

North America

Latin America

Europe

South East Asia & Pacific

China

Japan

Middle East & Africa (MEA)

[tumb11]

U.S Programmable Oscillators Market 2022 trends: with Descriptive Analysis { Cypress, Maxim Integrated, Silicon Labs, SiTime Corporation }

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[blueweave8]

France Advanced Tires Market Industry Trends, Forecast 2022-2028

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the France Advanced Tires Market was worth USD 240.5 million in the year 2021. The market is projected to grow at a CAGR of 10.4%, earning revenues of around USD 474.2 million by the end of 2028. The France Advanced Tires Market is booming because the necessity for safe driving is growing among consumers as they reflect on road rash and accidents. Furthermore, it is anticipated that the country's need for sophisticated tires will increase as tire producers place a greater emphasis on cutting-edge technologies including organic raw materials, 3D printing, and autonomous vehicles. However, it is anticipated that the market expansion is hampered by the fluctuating price of raw materials needed to produce sophisticated tires. Additionally, the increased interest in automotive safety and fuel efficiency presents a fantastic potential opportunity for market participants.

Luxury Vehicles are Becoming More Popular

Consumer preference for premium vehicles and connected vehicle technologies are projected to drive demand for advanced tires. Connected auto technology, such as tire pressure monitoring systems and self-inflating tires, improves vehicle safety. Modern tire technologies, such as chip-embedded tires, self-inflating tires, multi-chamber tires, and all-in-one tires, are expected to significantly increase vehicle convenience. The aforementioned technologies also help to improve tire durability by providing real-time tire pressure monitoring. All of these factors contribute to the expansion of the France Advanced Tires Market during the forecast period (2022-2028).

Increased Automobile Production

The vehicle industry has grown rapidly in the last ten years, particularly in France. Initially, the global automobile sector was mainly concentrated in developed nations. Automobile manufacturing plants will relocate to France as the industry becomes more standardized. The automobile industry has recently expanded rapidly as a result of rapid industrialization, which has increased sales of commercial vehicles such as trucks, tractors, and trailers. Furthermore, the increased production of automotive catalysts for pollution control devices in automobile exhaust systems is a result of increased auto production. As a result, it is expected that increased vehicle manufacturing will drive growth in the global market for advanced tires.

Request for Sample Report @ https://www.blueweaveconsulting.com/report/france-advanced-tires-market/report-sample

Fluctuating Raw Material Prices

The expansion of the pneumatic tire market is hampered by fluctuating raw material prices caused by growing input costs due to a scarcity of natural rubber supply and rising oil prices. Furthermore, almost all raw materials are crude derivatives, making them price sensitive to crude oil. Furthermore, the cost of producing complex tires is mostly determined by the raw materials used in their production, with synthetic and natural rubber acting as the primary raw materials. Crude oil prices have recently risen over the world, including in France. As a result, the cost of synthetic rubber and other crude derivatives used in tire manufacturing is expected to climb in the future years.

Segmental Coverage

France Advanced Tires Market - By Material Type

Based on material type, the France Advanced Tires Market is segmented into Elastomers, Natural Rubber, Steel, and Synthetic Rubber. The elastomer segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). The market for elastomers is expected to be fueled by the need for lightweight and durable raw materials. Furthermore, price volatility and a drop in natural rubber production are expected to hurt tire manufacturers. This has increased the demand for elastomers. This influences the elastomers segment to dominate the market share in the upcoming years.

Impact of COVID-19 on France Advanced Tires Market

The COVID-19 pandemic has affected a wide spectrum of enterprises across the country. The market for improved tires also played a significant role. To curb the spread of COVID-19, governments around the country implemented strict controls like border locks, lockdowns, and severe social isolation measures. Numerous industries were impacted, and their actions had a significant effect on the economy. Additionally, a decrease in raw material availability had an impact on the national market for manufacturers of innovative tire devices. When estimating the size and growth trends of the markets in all regions, the effect of COVID-19 on market demand is taken into account.

Competitive Landscape

The leading market players in the France Advanced Tires Market are Compagnie Générale des Établissements Michelin (CGEM), Bridgestone Europe NV/SA, Continental Aktiengesellschaft, Goodyear France SAS, Pirelli & C. S.p.A., Hankook Tire France SARL, Yokohama France SAS, Apollo Tires Ltd., Cooper Tire & Rubber Company France SARL, Kumho Tire Co., Inc., and other prominent players. The France Advanced Tires Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

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#France Advanced Tires Market