Report: Increased Enthusiasm for Smart Tires

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May 24, 2019—Fact.MR has published a new study titled "Automotive Tire Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022", which drops light on the overall market scenario prevailing in the automotive tire sector. Based on this assessment, the automotive tire market is likely to register steady growth during the forecast period until 2022.

It is projected that the target market will acquire nearly US$ 300 billion in 2019. Some of the prime facets motivating revenue growth in the global automotive tire market includes enhanced tire performance, launch of innovative products and surging tire production.

According to this Fact.MR study, the automotive tire market is likely to showcase burgeoning growth at 5.1 percent CAGR through 2022. This report accentuates the primary consequences associated to the automotive tire market together with a comprehensive research methodology to educate the readers. Further, the involvement of primary and secondary researches to acquire actionable insights about the automotive tire market works to make this assessment a well-heeled data source.

According to this intelligent Fact.MR study, exploration towards the development of smart tires is likely to introduce new opportunities across the automotive tire market. Several automotive tire manufacturers have started to embed sensors into tires with a purpose to monitor the prevalent driving conditions and thereby manufacture tires which can suitably adapt autonomously to the researched conditions. For example, quite recently Continental AG issued a launch news for its ContiAdapt and ContiSense technologies that are stated to provide efficient resolutions towards autonomous driving in the near future.

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