With technological advancements in the automotive sector, customer focus has been shifted toward more advanced safety features in vehicles. Automakers are paying high attention on tires because it has a big influence on driving safety. The sensors mounted on tires provides real-time information of the wheel to the driver. Introduction of IoT has enhanced the importance of tire sensors as it enables that provide useful information like traction, tread wear, temperature, load, pressure, deformation, wheel loading, friction on a device. Moreover, installation of sensors in tires act as a preventive maintenance tool and thereby increases the durability of tires.
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Key Market Players
- Schrader
- Siemens
- TRW
- Pacific
- Lear
- Continental
- ZF TRW
- Pacific Industrial
- Denso
- Huf.
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COVID-19 scenario analysis:
- The financial market has disrupted totally due to coronavirus pandemic.
- The halt in production of vehicles industries has impacted heavily automated tire mounted sensor industries. Although this won’t affect the aftermarket sales of the automotive tire mounted sensor.
- Further, transportation restrictions and stringent government policies are causing a downturn in the growth scale of the automotive tire mounted sensor market.
- However, the advanced safety offered by various sensors installed in tire will help the automotive tire mounted sensor market even in the pandemic situation.
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Key benefits of the report:
- This study presents the analytical depiction of the automotive tire mounted sensor industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the automotive tire mounted sensor market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years.
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Questions answered in the automotive tire mounted sensor market research report:
- What are the leading market players active in the Automotive tire mounted sensor market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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