Japan Automotive Smart Tire Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 3.5 Billion by 2030, growing at a CAGR of 21.3% from 2024 to 2030.
The Japan Automotive Smart Tire Market is witnessing significant growth, driven by advancements in technology and increasing demand from various industries. These tires, embedded with sensors and smart technology, are poised to revolutionize the automotive sector by providing real-time data, enhancing vehicle performance, and ensuring safety. This market has seen rapid development due to the growing need for intelligent transportation systems, as well as the rising focus on enhancing vehicle fuel efficiency and reducing environmental impact.
The Automotive Smart Tire Market in Japan has been shaped by technological innovations, such as sensors that monitor tire pressure, temperature, and tread wear. These sensors enable vehicles to gather critical data about their tires' condition, allowing drivers to make informed decisions and improve overall performance. Automotive manufacturers are focusing on incorporating smart tires into their vehicles to enhance safety features, optimize fuel consumption, and ensure a more comfortable driving experience.
From an industrial perspective, industries that depend heavily on logistics, such as e-commerce, freight, and automotive manufacturers, are increasing their reliance on smart tires. These industries require high levels of tire performance, durability, and safety to optimize supply chains and delivery systems. The data provided by automotive smart tires helps businesses monitor tire conditions in real time, reducing unexpected downtime, enhancing productivity, and lowering maintenance costs.
Moreover, the need for smart tires is also evident in the growing trend toward autonomous vehicles. As self-driving cars become more common, the integration of smart tires with vehicle systems ensures that they can operate smoothly and safely, without human intervention. The tire's ability to communicate with the vehicle’s control system is crucial for making autonomous vehicles more reliable and safe for public use.
With an increasing demand for electric vehicles (EVs), the Japanese market is also seeing significant interest in smart tires. These tires are designed to improve energy efficiency, extending the battery life of EVs while providing superior road handling. As the EV market expands, the role of automotive smart tires in energy conservation becomes even more crucial.
In summary, the Japanese automotive sector's shift toward smart tire technology aligns with the growing need for more efficient, safe, and environmentally friendly transportation solutions. This trend is expected to continue as more industries adopt these advanced tires, further driving the growth of the Automotive Smart Tire Market in Japan.
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Goodyear Tire & Rubber
Pirelli
Michelin Group
NEXEN Tire
Continental
Bridgestone
Sumitomo Rubber
Hankook Tire
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Automotive Smart Tire Market
Passenger Tires
SUV and Light Truck Tires
Heavy-Duty Tires
Motorcycle Tires
Specialty Tires (e.g., agriculture, construction)
TPMS (Tire Pressure Monitoring System)
Smart Sensors
IoT Connectivity
Data Analytics Capabilities
Self-Inflating Technology
Passenger Vehicles
Commercial Fleets
Ride-Sharing Services
Emergency Vehicles
High-Performance Vehicles
OEM (Original Equipment Manufacturers)
Aftermarket
Online Sales Platforms
Retail Tire Stores
Fleet Management Service Providers
Two-Wheelers
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
Autonomous Vehicles
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Automotive Smart Tire Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Automotive Smart Tire Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Automotive Smart Tire Market, By Type
6. Japan Automotive Smart Tire Market, By Application
7. Japan Automotive Smart Tire Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Automotive Smart Tire Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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