Autonomous Trucks
PRESS RELEASE Published March 14, 2023 XheraldThe global automotive smart tire market was valued at USD 77.29 billion in 2020 to USD 117.75 billion by 2027, at a CAGR of 6.20% from 2021 to 2027. The tire manufacturers ensure driver and passenger safety by digitalizing tire monitoring to promote road safety among consumers. Scope of the ReportThe study categorizes the automotive smart tire market based on application, product, and regions. The Asia Pacific accounts for the highest CAGR during the forecast period in the automotive smart tire marketBased on region, the global automotive smart tire market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia-Pacific automotive market is mainly dominated by the South Asian countries comprising some of the most prominent automotive manufacturers globally.