The Rise of Technological Advancements and Its Impact on the Automatic tire inflation system Market in 2032

Market Overview:

Market research future published a half-cooked research report on global automatic tire inflation system market. The automatic tire inflation system market is expected to grow over the CAGR of around ~12% during the period 2023 to 2030.The automatic tire inflation system (ATIS) market maintains the desired air pressure in the vehicle tires to enhance performance of the vehicle tires. The tire OEMs are developing different innovative technologies to improve the performance of the tire and tire inflation system efficiency and reduce wear and tear due to the air loss in the tire.

By maintaining an even tyre pressure in each tyre, the upgraded automated tyre inflation system improves the car's overall performance while consuming less gasoline. Due to high surface contact between tyres and mountainous terrain, which results in air leakage, the automatic tyre inflation system is often used in military vehicles. Military vehicles use automatic tyre inflation systems for better operation and safety. ATIS is applied to tractors to lessen tyre damage and enhance tyre performance. Government incentives to develop sophisticated automatic tyre inflation systems, technological innovation, and rising sales of passenger automobiles in emerging economies are the main market drivers for automatic tyre inflation systems.

Key Players

The key players in automatic tire inflation system market are APERIA TECHNOLOGIES, INC.Aperia Technologies (US), Bridgestone Corporation(Japan), Continental AG(Germany), Goodyear Tire and Rubber Company(US), Meritor, Inc.(US), CODA Development(US), MICHELIN(France), Hendrickson USA, L.L.C. HENDRICKSON(US), and Pirelli and C. S.p.A.(Italy)., STEMCO Products Inc. (US), and Hankook Tire Hankook Tire group (South Korea), Pressure Systems International, Inc.(. (US), Denso Corporation (Japan), Inc., Haltec Corporation (US), Michelin North America Inc. (US), ti.systems GmbH (Germany), and PressureGuard (US) are among others.

Based on region, the market is segmented based on North America, Asia-Pacific, Europe, and Rest of the World. Europe region is expected to dominate the market during the forecast period. The automotive automatic tire inflation system requires significant initial investments, which becomes the entry barrier for the small companies in the market. The availability of distinct technologies related to ATIS in the region such as North America, Europe, and Asia-Pacific has propelled the demand for automotive ATISs. Increasing number of manufacturers in the Europe region increases the scope of the market.

However, this has resulted in alienation of certain geographies, specifically in the Western Europe. North America is expected to be the second largest market to grow during the forecast period due to the immense demand of commercial vehicles in US. With the increase in demand of commercial vehicles, there has been an increase in demand for automatic tire inflation system market.

The increase in the time spent in vehicles generates the need for adoption of advanced technologies, such as ATIS and central tire inflation system to achieve the desired comfort. Asia-Pacific is expected to be the third largest market during the forecast period due to the presence of major manufacturers in this region. India, Japan, and China account for a majority of the share of automotive automatic tire inflation systems market in Asia-Pacific.

Scope of the Report

This study provides an overview of the global automotive automatic tire inflation system (ATIS) market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive Automatic Tire Inflation systems market by its types, sales channel, vehicle type, and region

By Type