Automotive Intelligent Tires - Global Market Outlook to 2022 with Analysis by Application and Region

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Dublin, Dec. 06, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering. One trend in the market is preferable use of intelligent tires in platooning systems. The platooning concept (enabled by automated driving technologies) has been addressed as the future of the transportation industry. In a platoon, multiple vehicles travel at an aerodynamically efficient distance and drive cooperatively by maintaining the distance at high speeds. The platoon is akin to a train's compartment-like arrangement, but the vehicles in the platoon are physically disconnected.According to the report, one driver in the market is progress toward connected cars. Vehicle makers are developing cars with internet connectivity that can transfer information automatically when an event occurs. Cars that can use internet connectivity to transfer information to the concerned stakeholder open multiple avenues for advancements, especially with bringing connectivity options to individual vehicle components like tires.

Further, the report states that one challenge in the market is commercial viability of intelligent tires. Intelligent tires require advanced connectivity systems; hardware consisting of an array of sensors; supporting vehicle hardware and software. and subscription services to operate. Equipping a vehicle with intelligent tires will significantly increase production costs, driving up vehicle prices.

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Globe Newswire: 11:16 GMT Thursday 6th December 2018

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