You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

GAITHERSBURG, Md., Aug. 6, 2020 /PRNewswire/ -- According to Stratistics MRC, the Global Automotive Intelligent Tire And Sensor Market is expected to grow at a CAGR of 10.8% during the forecast period. Some of the key players profiled in the Automotive Intelligent Tire And Sensor Market include ZF Friedrichshafen AG, Tymtix Technologies, NXP Semiconductors N.V., The Goodyear Tire & Rubber Co., Schrader TPMS Solutions, Revvo Technologies Inc., Pirelli & C. S.p.A., Nexen Tire Corporation, Michelin, Infineon Technologies AG, Hankook Tires, Denso Corporation, Continental AG, Bridgestone Corporation, and The Yokohama Rubber Company, Limited. Some of the factors boosting the market are rising push from governments as well as consumers to ensure road safety, the need for cost-effective tire maintenance, and increased vehicle data for connected vehicles. However, the lack of standardization for tire-pressure monitoring system sensors is hampering the growth of the market. Request for sample here: https://www.strategymrc.com/report/automotive-intelligent-tire-and-sensor-market/request-sample Automotive intelligent tire and sensor are very useful in improving fleet management, as they help in decreasing the expenses of the tires, upgrade fuel efficiency as well as limit vehicle breakdowns, thereby offering advantages like fuel efficiency, long-lasting tyres, less number of accidents, optimised fleet management, and minimising the carbon dioxide emissions. Based on the vehicle type, the commercial vehicle segment is going to have a lucrative growth during the forecast period due to the increased production of commercial vehicle and demand for better tire performance in commercial vehicles. Access the complete report at: https://www.strategymrc.com/report/automotive-intelligent-tire-and-sensor-market By geography, North America is anticipated to hold considerable market share during the forecast period due to the strict regulations implemented by the government to ensure the safety of the passengers. Make an inquiry at: https://www.strategymrc.com/report/automotive-intelligent-tire-and-sensor-market Vehicle Types Covered: Commercial Vehicle Passenger Vehicle Sales Channels Covered: Aftermarket Original Equipment Manufacturers (OEM) Regions Covered: North America US Canada Mexico Europe Germany France Italy UK Spain Rest of Europe Asia Pacific Japan China India Australia New Zealand South Korea Rest of Asia Pacific South America Argentina Brazil Chile Rest of South America Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa What our report offers: - Market share assessments for the regional and country-level segments- Market share analysis of the top industry players- Strategic recommendations for the new entrants- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)- Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends- Company profiling with detailed strategies, financials, and recent developments- Supply chain trends mapping the latest technological advancements Follow us on Twitter:https://twitter.com/StratisticsMRC Follow us on LinkedIn at:https://www.linkedin.com/company/stratistics-market-research-consulting-pvt-ltd?trk=mini-profile About Stratistics MRC We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. Contact Info: Name: Srikant Reddy Email:[emailprotected]Organization: Stratistics Market Research Consulting Pvt LtdPhone: +1-301-202-5929Website:https://www.strategymrc.com SOURCE Stratistics Market Research Consulting Pvt Ltd Related Links http://www.strategymrc.com/

Answer: Global Automotive Intelligent Tire And Sensor market is expected to grow at a CAGR of 10.8% during the 2019-2027