TechNavio recognizes the following companies as the key players in the Global Aircraft Tire Market: Bridgestone Corp., Compagnie Generale des Etablissements Michelin, and The Goodyear Tire and Rubber Co.
Commenting on the report, an analyst from TechNavio’s team said: “Intelligent tires are products that have a small integrated chip with sensors engraved in the tires. These sensors are equipped with the capabilities to measure factors such as tire pressure, wear and tear, damage, and more. Although the Tires market has not witnessed any significant improvement in the last few years, the intelligent tires are expected to have a significant impact on the Global Aircraft Tire market in the next few years. Companies such as Continental are selling tires that have integrated sensors with monitors that track air pressure automatically. Thus, the emergence of intelligent tires is expected to propel the growth of the Global Aircraft Tire market during the forecast period.”
According to the report, one of the major drivers in this market is increasing global air traffic. The growth in the global air traffic will help to increase the overall demand for aircraft tires mainly due to the increase in take-offs and landings. The global air traffic has witnessed an increasing growth rate in recent years and this is mainly due to various macro environmental trends.
Further, the report states that the market is highly dependent on the availability and prices of raw materials used to make aircraft tires. Moreover, fluctuating raw material prices can have a negative impact on the market performance. Tire manufacturers around the globe are following standard manufacturing processes to produce tires for their customers and thus they consume the same raw materials for the manufacturing process.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-aircraft-tire-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report – Global Aircraft Tire Market 2014-2018
