Advanced Gear Shifter System Market, Size, Share, Outlook and Growth Opportunities 2019-2026
Global Advanced Gear Shifter System Market is segmented By Technology Type (Automatic Gearshift, Shift by Wire), By Vehicle Type (Light-duty Vehicles, Medium-duty Vehicles, Heavy-duty Vehicles), and by Region (North America, Latin America, Europe, Asia Pa
(EMAILWIRE.COM, March 30, 2020 ) Market Overview
The Global Advanced Gear Shifter System Market is expected to grow at a CAGR of 7.5% in the forecast period of 2019-2026.
In the automobile industry, a generational change is occurring for vehicles with automatic transmission. Currently vehicles shift to modern automatic transmissions with an increasing number of gears, mechanical linkages are disappearing in favor of shift by wire.
Advanced gear shifter system market for automotive market is segmented by type of technology, and type of vehicle and geography. By technology type market is segmented into automatic gearshift, and shift by wire . By vehicle type the market is further segmented by light duty vehicles, medium duty vehicles and heavy-duty vehicles. whereas by geography the market is divided into North America, South America, Europe, Asia Pacific and Rest of the World.
The growing automotive industry, mainly due to rising demand for passenger cars, coupled by vehicle standards set by governments of various regions are projected to create healthy growth opportunities for the manufacturers of automotive gear shift systems in near future.
Global Advanced Gear Shifter System Market Value (USD Million), 2018-2026
Market Dynamics
In the automobile industry, a generational change is occurring for vehicles with automatic transmission. Currently vehicles shift to modern automatic transmissions with an increasing number of gears, mechanical linkages are disappearing in favor of shift by wire.
The Shift by wire reduces the human machine interface efforts and improves performance, moreover provides better features such as effortless shifting, integrated safety feature, integration with custom vehicle features, reduced space claim and improved operator productivity. while offering smoother transaction between gears and replaces the current mechanical coupling.
The growing automotive industry, mainly due to rising demand for passenger cars, is projected to create healthy demand for advanced gear shift systems during the forecast period.
In addition, vehicle standards set by governments of various regions are also projected to create healthy growth opportunities for the manufacturers of automotive gear shift systems in near future as most manufacturers are focused on the manufacturing of more efficient automotive gear shift systems with low fuel & emission. Additionally, growing adoption of electric vehicles is also one of the key drivers creating opportunities for the overall automotive gear shift systems market.
Market Segmentation
Based on application, Advanced Gear Shifter System Market for Automotive market is classified into Automatic Gearshift, and shift by wire. Currently automatic gearshift is the dominant segment and it accounts for approximately XX% of the market.
The Shift by wire system converts mechanically actuated automatic transmissions into electronically shifted transmissions. Vehicle OEMs can easily integrate this space saving system into their chassis with minimal wiring required.
Shift by wire allows vehicle OEMs to integrate more than just transmission shifting into a single controller. Six input and two output connections give vehicle OEMs better control over auxiliary systems while improving operator efficiency.
Shift by wire system provides vehicle OEMs with a reliable platform for effortless shifting, integrated safety feature, integration with custom vehicle features, reduced space claim and improved operator productivity. Hence moving forward shift by wire gear shifter technology to witness higher growth rate replacing the conventional systems in the automotive.
Market Segmentation
Based on vehicle type, advanced gear shifter system market for automotive is classified into light duty vehicles, medium duty vehicles, and heavy-duty vehicles. Currently light duty vehicles are the dominant segment and it accounts for approximately XX% of the market.
The light duty vehicle segment is projected to be the largest market for advanced gear shifter systems, by vehicle type. Advanced shifter technologies such as automatic shifter and shift-by-wire are extensively used in mid-size and economy class of light-duty vehicles. On the other hand, automatic shifters are used in luxury vehicles. Increasing sales of mid-size and luxury class vehicles is driving the growth of light duty vehicle segment and hence advanced gear shifter system.
Geographical Analysis
The Asia Pacific Advanced Gear Shifter System Market for Automotive market size was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Asia Pacific region is expected to grow with high CAGR during the forecast period owing to the immense growth in the end user industries.
The Asia Pacific market is forecasted to hold the largest market share and is estimated to grow at a significant CAGR during the forecast period. The market growth in the region can be attributed to the increase in vehicle production and adoption of advanced shifter technology in vehicles.
The Indian Governments Make in India initiative have been picking up speed as some of the leading automotive manufacturers across the globe are heavily investing in the region. For instance, the German automotive company Volkswagen has recently announced plans to invest around 1 billion euros in the country over the next few years to develop six new models.
By 2021, South Koreas second largest automobile manufacturer, Kia Motors also intends to increase investments in the region to 2 billion dollars from the present 1.1 billion dollars. Lately, Suzuki Motor Corp has also announced investments of about 3 billion dollars over the next three years to maintain its position in the Indian passenger vehicle market.
Expansion of leading OEMs and automotive component suppliers in developing economies like China, India are also projected to drive the growth in this region.
Competitive Analysis:
Some of the major players include Dura Automotive Systems, Ficosa International S.A, Kongsberg Automotive Holding ASA, ZF Friedrichshafen AG, Curtiss-Wright, KάSTER Unternehmensgruppe, Lumax Industries Ltd, Stoneridge, Inc, SILATECH S.r.l, Magneti Marelli S.p.A.
In March 2018, Ficosa announced that it has established itself in Africa for the first time, opening a new production center in Rabat, Morocco. Ficosa would produce electric cable sets, rear-view mirrors, shifter systems, and washer systems in this plant.
These key players in the market are mainly focus on new product launches, expansions, mergers & acquisitions to enhance their position in the automotive advanced gear Shifter Systems market.
Download Free Sample: https://www.datamintelligence.com/download-sample/advanced-gear-shifter-system-market
Why Purchase the Report?
Visualize the composition of the Advanced Gear Shifter System Market for Automotive in terms of type of technology, and type of vehicle highlighting the key commercial assets and players.
Identify commercial opportunities in Advanced Gear Shifter System Market for Automotive by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of Advanced Gear Shifter System Market for Automotive - level 4/5 segmentation.
A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key product of all major market players
The global Advanced Gear Shifter System Market for Automotive report would provide an access to an approx, 53 data table, 43 figures and 190 pages
Target Audience
Service Providers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers
View full report: https://www.datamintelligence.com/research-report/advanced-gear-shifter-system-market
Enquiry before buying: 'https://www.datamintelligence.com/enquiry/advanced-gear-shifter-system-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
The Global Advanced Gear Shifter System Market is expected to grow at a CAGR of 7.5% in the forecast period of 2019-2026.
In the automobile industry, a generational change is occurring for vehicles with automatic transmission. Currently vehicles shift to modern automatic transmissions with an increasing number of gears, mechanical linkages are disappearing in favor of shift by wire.
Advanced gear shifter system market for automotive market is segmented by type of technology, and type of vehicle and geography. By technology type market is segmented into automatic gearshift, and shift by wire . By vehicle type the market is further segmented by light duty vehicles, medium duty vehicles and heavy-duty vehicles. whereas by geography the market is divided into North America, South America, Europe, Asia Pacific and Rest of the World.
The growing automotive industry, mainly due to rising demand for passenger cars, coupled by vehicle standards set by governments of various regions are projected to create healthy growth opportunities for the manufacturers of automotive gear shift systems in near future.
Global Advanced Gear Shifter System Market Value (USD Million), 2018-2026
Market Dynamics
In the automobile industry, a generational change is occurring for vehicles with automatic transmission. Currently vehicles shift to modern automatic transmissions with an increasing number of gears, mechanical linkages are disappearing in favor of shift by wire.
The Shift by wire reduces the human machine interface efforts and improves performance, moreover provides better features such as effortless shifting, integrated safety feature, integration with custom vehicle features, reduced space claim and improved operator productivity. while offering smoother transaction between gears and replaces the current mechanical coupling.
The growing automotive industry, mainly due to rising demand for passenger cars, is projected to create healthy demand for advanced gear shift systems during the forecast period.
In addition, vehicle standards set by governments of various regions are also projected to create healthy growth opportunities for the manufacturers of automotive gear shift systems in near future as most manufacturers are focused on the manufacturing of more efficient automotive gear shift systems with low fuel & emission. Additionally, growing adoption of electric vehicles is also one of the key drivers creating opportunities for the overall automotive gear shift systems market.
Market Segmentation
Based on application, Advanced Gear Shifter System Market for Automotive market is classified into Automatic Gearshift, and shift by wire. Currently automatic gearshift is the dominant segment and it accounts for approximately XX% of the market.
The Shift by wire system converts mechanically actuated automatic transmissions into electronically shifted transmissions. Vehicle OEMs can easily integrate this space saving system into their chassis with minimal wiring required.
Shift by wire allows vehicle OEMs to integrate more than just transmission shifting into a single controller. Six input and two output connections give vehicle OEMs better control over auxiliary systems while improving operator efficiency.
Shift by wire system provides vehicle OEMs with a reliable platform for effortless shifting, integrated safety feature, integration with custom vehicle features, reduced space claim and improved operator productivity. Hence moving forward shift by wire gear shifter technology to witness higher growth rate replacing the conventional systems in the automotive.
Market Segmentation
Based on vehicle type, advanced gear shifter system market for automotive is classified into light duty vehicles, medium duty vehicles, and heavy-duty vehicles. Currently light duty vehicles are the dominant segment and it accounts for approximately XX% of the market.
The light duty vehicle segment is projected to be the largest market for advanced gear shifter systems, by vehicle type. Advanced shifter technologies such as automatic shifter and shift-by-wire are extensively used in mid-size and economy class of light-duty vehicles. On the other hand, automatic shifters are used in luxury vehicles. Increasing sales of mid-size and luxury class vehicles is driving the growth of light duty vehicle segment and hence advanced gear shifter system.
Geographical Analysis
The Asia Pacific Advanced Gear Shifter System Market for Automotive market size was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Asia Pacific region is expected to grow with high CAGR during the forecast period owing to the immense growth in the end user industries.
The Asia Pacific market is forecasted to hold the largest market share and is estimated to grow at a significant CAGR during the forecast period. The market growth in the region can be attributed to the increase in vehicle production and adoption of advanced shifter technology in vehicles.
The Indian Governments Make in India initiative have been picking up speed as some of the leading automotive manufacturers across the globe are heavily investing in the region. For instance, the German automotive company Volkswagen has recently announced plans to invest around 1 billion euros in the country over the next few years to develop six new models.
By 2021, South Koreas second largest automobile manufacturer, Kia Motors also intends to increase investments in the region to 2 billion dollars from the present 1.1 billion dollars. Lately, Suzuki Motor Corp has also announced investments of about 3 billion dollars over the next three years to maintain its position in the Indian passenger vehicle market.
Expansion of leading OEMs and automotive component suppliers in developing economies like China, India are also projected to drive the growth in this region.
Competitive Analysis:
Some of the major players include Dura Automotive Systems, Ficosa International S.A, Kongsberg Automotive Holding ASA, ZF Friedrichshafen AG, Curtiss-Wright, KάSTER Unternehmensgruppe, Lumax Industries Ltd, Stoneridge, Inc, SILATECH S.r.l, Magneti Marelli S.p.A.
In March 2018, Ficosa announced that it has established itself in Africa for the first time, opening a new production center in Rabat, Morocco. Ficosa would produce electric cable sets, rear-view mirrors, shifter systems, and washer systems in this plant.
These key players in the market are mainly focus on new product launches, expansions, mergers & acquisitions to enhance their position in the automotive advanced gear Shifter Systems market.
Download Free Sample: https://www.datamintelligence.com/download-sample/advanced-gear-shifter-system-market
Why Purchase the Report?
Visualize the composition of the Advanced Gear Shifter System Market for Automotive in terms of type of technology, and type of vehicle highlighting the key commercial assets and players.
Identify commercial opportunities in Advanced Gear Shifter System Market for Automotive by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of Advanced Gear Shifter System Market for Automotive - level 4/5 segmentation.
A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key product of all major market players
The global Advanced Gear Shifter System Market for Automotive report would provide an access to an approx, 53 data table, 43 figures and 190 pages
Target Audience
Service Providers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers
View full report: https://www.datamintelligence.com/research-report/advanced-gear-shifter-system-market
Enquiry before buying: 'https://www.datamintelligence.com/enquiry/advanced-gear-shifter-system-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results