Automotive Smart Tire Market: The size of the automotive smart tire market was estimated at USD 80.48 billion in 2022 and is projected to increase at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2032, reaching USD 169.9 billion.  The automotive smart tire market is an emerging segment within the automotive industry, focused on the development and deployment of tires...

Overview The Off the Road (OTR) tire market is witnessing significant growth, driven by rising demand in industries such as mining, construction, agriculture, and industrial logistics. These tires are designed to withstand harsh terrains, heavy loads, and extreme conditions, making them essential for equipment like loaders, dump trucks, tractors, and cranes. The increasing pace of...

Vehicle Electrification Market: According to MRFR analysis, the vehicle electrification market was valued at USD 79.35 billion in 2023. It is expected to grow steadily, reaching USD 84.95 billion in 2024 and climbing to approximately USD 180 billion by 2035. This represents a compound annual growth rate (CAGR) of about 7.06% during the forecast period from 2025 to 2035. Vehicle electrification...

Overview The global Automotive Smart Tire Market is witnessing rapid expansion, fueled by advancements in connected technologies, demand for road safety, and the rise of autonomous and electric vehicles. Smart tires, embedded with sensors, can monitor parameters such as pressure, temperature, tread wear, and load conditions in real time. This intelligence not only improves safety but also...