The Global Market for Automotive Advanced Gear Shifter Systems (2019-2025): Market Expected to Reach $17.8 Billion by 2025

DUBLIN, May 9, 2019 /PRNewswire/ -- The "Advanced Gear Shifter System Market for Automotive by Technology (Automatic Shifter, Shift-by-Wire), Component (CAN Module, ECU, Solenoid Actuator), Vehicle Type (Light Duty Vehicles, Commercial Vehicles), EV Type, and Region-Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global advanced gear shifter system market is projected to grow at a CAGR of 7.91% during the forecast period, from USD 10.5 billion in 2018 to USD 17.8 billion by 2025.

Increasing use of x-by-wire technology and advantage of accurate and quick responding gear actuation are driving the advanced gear shifter system market. However, less reliability and more complexity of an advanced shifter is a restraining factor for the advanced gear shifter system market.

Increasing preference for automatic and hybrid transmission in developing countries and haptics shifters in future vehicles are expected to create opportunities for the advanced gear shifter system market in the coming years. On the other hand, developing the automotive industry in emerging markets can pose challenges for the advanced gear shifter system market.

Solenoid actuator component segment for advanced gear shifter system is estimated to be the largest segment by current rating from 2018 to 2025

The advanced gear shifter system market for a solenoid actuator is estimated to be the largest since it is used in most of the vehicle shifting mechanism. Increasing vehicle production equipped with the automatic and semi-automatic transmission is likely to drive the growth of this segment.

Shift-by-wire segment to grow at a significant rate during the forecast period

The advanced gear shifter system market for shift-by-wire is projected to grow at the highest CAGR during the forecast period. It is followed by the automatic shifter. The growth of the shift-by-wire segment is driven by the increasing sales of luxury and ultra-luxury vehicles in developed and developing countries. Shift-by-wire technology eliminates the need for mechanical linkages. This in turns reduces the weight of the vehicle. It results in improved vehicle efficiency.

Asia Pacific to lead the advanced gear shifter system market during the forecast period

The Asia Pacific region is estimated to hold the largest share of the global advanced gear shifter system market in 2025. Increasing use of vehicles with automatic and semi-automatic transmission and increasing awareness of green vehicles among people are expected to fuel the growth of the advanced gear shifter system market in the Asia Pacific region.

Advanced gear shifter system manufacturers such as ZF (Germany), Kongsberg Automotive (Norway), Dura Automotive (US), Ficosa (Spain), and Stoneridge (US) cater to the requirements of global automakers by offering advanced automotive shifter products and components such as shift-by-wire gearshift, electronic control unit (ECU) for gearshift, touch control module, and servo shift.

These companies are also focusing on the innovation and development of products related to advanced shifters. For instance, in January 2018, GHSP (US) introduced two new prototype shift systems, namely, Multifunction Control Shifter and Haptics Shifter at the Consumer Electronics Show (CES) 2018 in Las Vegas (US). ZF (Germany) spent approximately 5% of its net revenue on research and development in the last 3 years.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Product and Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency Exchange Rates
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.1.3 Sampling Techniques & Data Collection Methods
2.1.4 Primary Participants
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Advanced Gear Shifter System Market
4.2 Advanced Gear Shifter System Market, By Region
4.3 Advanced Gear Shifter System Market, By Technology
4.4 Advanced Gear Shifter System Market, By Vehicle Type
4.5 Advanced Gear Shifter System Market, By Component
4.6 Advanced Gear Shifter System Market, By Electric Vehicle

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Use of X-By-Wire Technology
5.2.1.2 Advantage of Accurate and Quick Responding Gear Actuation
5.2.2 Restraints
5.2.2.1 Less Reliability and More Complexity of an Advanced Shifter
5.2.3 Opportunities
5.2.3.1 Increasing Preference for Automatic & Hybrid Transmission in Developing Countries
5.2.3.2 Haptics Shifter in Future Vehicles
5.2.4 Challenges
5.2.4.1 Developing Automotive Industry in Emerging Markets

6 Advanced Gear Shifter System Market, By Technology
6.1 Introduction
6.2 Automatic Shifter
6.3 Shift-By-Wire (SBW)

7 Advanced Gear Shifter System Market, By Component
7.1 Introduction
7.2 Can Module
7.3 Electronic Control Unit (ECU)
7.4 Solenoid Actuator
7.5 Others

8 Advanced Gear Shifter System Market, By Vehicle Type
8.1 Introduction
8.2 Light-Duty Vehicles (LDV)
8.2.1 Economy Class
8.2.2 Mid-Size Class
8.2.3 Luxury Class
8.3 Commercial Vehicles

9 Advanced Gear Shifter System Market, By Electric Vehicle
9.1 Introduction
9.2 Battery Electric Vehicle
9.3 Fuel Cell Electric Vehicle
9.4 Plug-In Hybrid Electric Vehicle

10 Advanced Gear Shifter System Market, By Region, 2018-2025
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.2 Japan
10.2.3 India
10.2.4 South Korea
10.2.5 Rest of Asia Pacific
10.3 Europe
10.3.1 France
10.3.2 Germany
10.3.3 Italy
10.3.4 Russia
10.3.5 Spain
10.3.6 UK
10.3.7 Rest of Europe
10.4 North America
10.4.1 Canada
10.4.2 Mexico
10.4.3 US
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South America
10.6 Middle East & Africa
10.6.1 Iran
10.6.2 South Africa
10.6.3 Rest of Middle East & Africa

11 Competitive Landscape
11.1 Introduction
11.2 Market Ranking Analysis
11.3 Competitive Situation & Trends
11.3.1 New Product Developments
11.3.2 Expansions
11.3.3 Mergers & Acquisitions
11.3.4 Partnerships/Supply Contracts/Collaborations/Joint Ventures

12 Company Profiles
12.1 ZF
12.2 Kongsberg Automotive
12.3 Stoneridge
12.4 Fuji Kiko
12.5 Dura
12.6 Ficosa
12.7 Kster
12.8 Kostal
12.9 GHSP
12.10 Orscheln Products
12.11 Eissmann Group Automotive
12.12 Silatech Srl
12.13 Atsumitec
12.14 Delta Kogyo
12.15 M&T Allied Technologies

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