Dublin, Sept. 03, 2019 (GLOBE NEWSWIRE) -- The "Digital Tire Solutions Market in India By Type of Vehicle (Truck, Bus, and Others), Components (Hardware, Software, and Services), Type of Solution (TPMS and Fleet Solutions), and Region (North Zone, South Zone, East Zone, West Zone, and Central Zone) - Forecast up to 2025" report has been added to ResearchAndMarkets.com's offering.The report, digital tire solutions market in India comprises an analysis of vendors profile, which includes financial status, business units, key business priorities, SWOT, business strategies, and views. The report also covers the competitive landscape, which includes M&A, joint ventures & collaborations, and competitor comparison analysis. In the vendor profile section for companies that are privately held, the financial information and revenue of segments will be limited.
India is witnessing a greater number of tire manufactures venturing into digital tire solutions. Major factors emphasizing the need for digital tire solutions is the need for increasing fuel efficiency, safety, and tire life. The basic process in digital tire ecosystem involves diagnostic management, notification services, and final report generation.Like any other IoT solution for realizing the ecosystem, there is a need for proper communication network and tire companies are forming a strategic relationship with telecom companies for providing connected solutions. In 2018, Continental tires partnered with Vodafone for its IoT based tire monitoring platform, ContiConnect. ContiConnect helps to prevent tire-related breakdowns by transmitting tire temperature and pressure data to a central web portal through a wireless network.BridgestonePressureStat: Tire pressure and temperature monitoring systemTreadStat: Tire and Rim Management softwareToolbox: Digital tire assessment and asset tracking platform for truck and bus tiresDigital Fleet Solutions Business acquired from TomTom in January 2019. The solution is a data platform for connected vehicles.Fleetpulse: Fleet management solution with a tire pressure monitoring system (TPMS)Continental TireContiConnect: Digital Tire Monitoring Platform which analyses and reports data about tire temperature and pressure for heavy vehicles. Includes tire sensors, yard reader stations, and backend software and servicesOther services: Includes tire information systems, TPMS, Electronic-Tire Information Systems (eTIS), valve sensors and software for supporting the driver.GoodyearEagle 360: Concept tires with AI which aids the connected car ecosystem.Goodyear Proactive Solutions: Solutions for fleet operators to resolve tire issues using G-Predict, a predictive analytics technology developed by Goodyear. It includes TPMS for heavy vehicles and off-road vehicles and Goodyear Drive-Over-Reader to measure tread depth, load, and tire pressure over each tire.MichelinTrack Connect: Connected tire solution developed with the help of two startup companies Exotics Systems and Openium.By components, the digital tire solutions market in India is segmented into hardware, software, and services. Hardware includes revenue generated from the sale of tire sensors, yard reading stations, and controlling devices. The software involves web portals and mobile applications for monitoring and recording tire statistics. It also includes management tools for storing the inventory data including rethreaded tires and digital platform for managing all the tire-related information. Services include installation, maintenance, and repairing services for the hardware and software. Another major service provided by tire manufacturers is emergency response services. For instance, Apollo is providing free 24x7 response service for 6 months or 1 year (based on the number of tires purchased).Key Topics Covered
1 Executive SummaryFor more information about this report visit https://www.researchandmarkets.com/r/4fetjfResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
2019-09-03 08:25:00Z
https://www.globenewswire.com/news-release/2019/09/03/1909756/0/en/Indian-Digital-Tire-Solutions-Market-Projected-to-Witness-a-CAGR-Exceeding-40-During-2019-2025.html
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