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Global Tire Inspection System Market - Industry Trends and Forecast to 2031

Semiconductors and Electronics

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Global Tire Inspection System Market - Industry Trends and Forecast to 2031

  • Semiconductors and Electronics
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Tire Inspection Systems Market, By Technology (Camera Based, X-Ray Based, Computer Vision Based), By End Use (MRO Centres, Automobile Assembling Facility) - Industry Trends and Forecast to 2031.

Tire Inspection System Market

Tire Inspection System Market Analysis and Size

The tire inspection systems used in automotive, aerospace, industrial machinery, and other sectors reliant on tires. Tire inspection systems facilitate the detection of defects anomalies, and quality assurance, ensuring compliance with safety standards.

The growing stringent safety regulations in the automotive industry and the emphasis on quality drive market expansion. The tire inspection system market is poised for continued growth, driven by technological innovations, regulatory compliance requirements, and the expanding automotive and aerospace sectors.

Data Bridge Market Research analyses that the global tire inspection systems market which was USD 114.5 million in 2023, would rocket up to USD 287.4 million by 2031, and is expected to undergo a CAGR of 3.10% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable from 2016 to 2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Technology (Camera Based, X-Ray Based, Computer Vision Based), By End Use (MRO Centres, Automobile Assembling Facility)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa

Market Players Covered

Comet YXLON GmbH (Germany), Alfamation S.p.A (Italy), CyXplus (France), Micro-Poise Measurement System (U.S), MTS Systems (U.S), A&D Technology (U.S), Burke Porter Group (U.S), AMETEK, Inc. (U.S), Kistler Group (Switzerland), TMSI (U.S)

Market Opportunity

Market Definition

A tire detection system is a technology designed to identify and analyze the condition of tires on vehicles. It utilizes various sensors, cameras, and sometimes advanced technologies like artificial intelligence to inspect and assess the tire's tread depth, inflation levels, and overall health. The primary goal is to enhance safety, prevent accidents, and optimize vehicle performance by providing real-time information about the tire's status to drivers or automated systems.

The Global Tire Inspection System Market Dynamics

Drivers

  • Growing Automotive Industry

The global tire inspection system market is driven by the expanding automotive industry, where the increasing production of vehicles creates a parallel demand for tire inspection solutions. As manufacturers strive for higher quality and safety standards, the need for advanced tire inspection technologies rises, promoting market growth.

  • Stringent Regulatory Standards

The tightening of regulations related to vehicle safety and emissions is a significant driver for the global tire inspection system market. Governments worldwide are imposing stricter standards to enhance road safety and reduce environmental impact. This compels automotive manufacturers to adopt advanced tire inspection technologies to comply with these regulations, fostering market expansion.

Opportunities

  • Integration of Artificial Intelligence (AI)

The integration of artificial intelligence in tire inspection presents a significant opportunity for market players. AI-powered systems can provide real-time analysis, predictive maintenance, and improved accuracy in detecting potential tire issues. This technological advancement offers a competitive edge to companies and opens new avenues for innovation.

  • Rising Adoption of Internet of Things (IoT) in Vehicles

The increasing adoption of IoT in vehicles creates opportunities for tire inspection market growth. IoT-enabled sensors can collect and transmit data about tire condition, enabling proactive maintenance and reducing the likelihood of unexpected failures. This trend aligns with the broader automotive industry's shift towards smart and connected vehicles.

Restraints

  • High Initial Costs

One of the primary challenges for the global tire inspection system market is the high initial investment required for implementing advanced inspection technologies. The costs associated with acquiring and integrating sophisticated systems can be a deterrent for some businesses, especially smaller enterprises, hindering widespread adoption.

  • Limited Awareness and Training

The successful implementation of tire inspection technologies relies on adequate training and awareness among end-users. Limited understanding of the benefits and operational aspects of these technologies, coupled with a lack of skilled personnel, poses a restraint. Efforts are needed to bridge this knowledge gap and ensure effective utilization of tire inspection solutions.

Challenges

  • Compatibility Issues and Standardization

The tire inspection market faces challenges related to the compatibility of inspection systems with diverse vehicle types and models. Standardization issues may arise, making it challenging to develop universally applicable solutions. Overcoming these challenges requires collaborative efforts from industry stakeholders to establish common standards.

  • Data Security Concerns

As tire inspection systems become more connected and data-driven, concerns about data security and privacy emerge. The collection and transmission of sensitive information about vehicle conditions pose potential risks. Addressing these concerns is crucial to gaining trust from end-users and ensuring the widespread acceptance of advanced tire inspection technologies.

Top of Form

Recent Development

  • CyXplus offers a comprehensive lineup of inspection machinery tailored for radial tires, complemented by CyXpert, the leading X-ray inspection software in the tire industry. These tire inspection solutions are specifically engineered to examine both the internal structure (utilizing X-ray technology) and external quality, with a primary focus on assessing marking quality through vision-based checks. Cutting-edge AI developments further enhance the suite of solutions
  • In July 2023, German company TireTech developed an innovative AI-powered tire inspection system tailored to the tire recycling and disposal sector. This system uses 3D technology to meticulously scan individual tires, collecting comprehensive data about their condition and material composition. This insightful data enables informed decisions: recycling the tire for continued automotive use or repurposing it into granulated material, optimizing sustainability and resource repurposing

The Global Tire Inspection System Market Scope

The global tire inspection system market is segmented on the basis of technology and end-use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

  • Camera Based
  • X-Ray Based
  • Computer Vision Based

End Use

  • MRO Centres
  • Automobile Assembling Facility

 The Global Tire Inspection System Market Region Analysis/Insights

The global tire inspection system market is analyzed and market size insights and trends are provided by regions, technology, and end-use, as referenced above.

The regions covered in the global tire inspection system market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global tire inspection system market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa.

Asia-Pacific region dominated the global tire inspection system market due to, rapid industrialization, burgeoning automotive industry, and increased focus on road safety have fueled the demand for cutting-edge tire inspection technologies. With the automotive sector flourishing in countries like China and India, the need for efficient and reliable tire inspection systems has become paramount.

The fastest-growing region for global tire inspection system market is Latin America. This growth is attributed to a surge in vehicle ownership, coupled with a rising awareness of road safety standards. Governments and regulatory bodies in countries like Brazil and Mexico are increasingly emphasizing stringent safety measures, driving the adoption of advanced tire inspection technologies. The combination of economic development, an expanding automotive market, and a heightened emphasis on road safety positions Latin America as the fastest-growing market for global tire inspection system market.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Global Tire Inspection System Market Share Analysis

The global tire inspection system market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global tire inspection system market.

Some of the major players operating in the global tire inspection system market are:

  • Comet YXLON GmbH (Germany)
  • Alfamation S.p.A (Italy)
  • CyXplus (France)
  • Micro-Poise Measurement System (U.S)
  • MTS Systems (U.S)
  • A&D Technology (U.S)
  • Burke Porter Group (U.S)
  • AMETEK, Inc. (U.S)
  • Kistler Group (Switzerland)
  • TMSI (U.S)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The tire inspection systems market size will be worth USD 287.4 million by 2031.
The growth rate of the tire inspection systems market is 3.10% in the forecast period by 2031.
The growing automotive industry & stringent regulatory standards are the growth drivers of the tire inspection systems market.
Technology and end-use are the factors on which the tire inspection systems market research is based.
Major companies in the tire inspection systems market are Comet YXLON GmbH (Germany), Alfamation S.p.A (Italy), CyXplus (France), Micro-Poise Measurement System (U.S), MTS Systems (U.S), A&D Technology (U.S), Burke Porter Group (U.S), AMETEK, Inc. (U.S), Kistler Group (Switzerland), TMSI (U.S).
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