Gear Shifter Market Cutting A $13.5 Billion Swath

MarketsandMarkets’ research report, “Advanced Gear Shifter System Market for Automotive by Technology, Component, Vehicle Type, EV Type, and Region - Global Forecast to 2025", estimates the global market to grow at a CAGR of 3.64% and reach $13.50 Billion by 2025 from an estimated $10.51 Billion in 2018. Factors such as higher disposable income (?), increasing awareness of the use of x-by-wire technology in a vehicle among vehicle occupants, increasing amount of vehicle electronics, and the adoption of advanced vehicle technologies such as connected vehicles and self-driving vehicles are expected to drive the Advanced Gear Shifter System Market for automotive.

 

Research Highlights

Fierce AI Week

Register today for Fierce AI Week - a free virtual event | August 10-12

Advances in AI and Machine Learning are adding an unprecedented level of intelligence to everything through capabilities such as speech processing and image & facial recognition. An essential event for design engineers and AI professionals, Engineering AI sessions during Fierce AI Week explore some of the most innovative real-world applications today, the technological advances that are accelerating adoption of AI and Machine Learning, and what the future holds for this game-changing technology.
  • South America to be the fastest growing market and Asia Pacific to hold the largest market for advanced gear shifter system for automotive in 2025
  • Shift-by-wire technology is estimated to hold the largest market share during the forecast period
  • Solenoid actuator is estimated to hold the largest share of advanced gear shifter system for automotive market by component from 2018 to 2025  
  • The Advanced Gear Shifter System Market for automotive for solenoid actuator is estimated to be the largest since it is used in most of the vehicle shifting mechanisms. Increasing production of vehicles equipped with automatic and semi-automatic transmission is expected to drive the growth of this segment.
  • Major technology vendors include ZF (Germany), Kongsberg (Norway), Dura Automotive (US), Ficosa (Spain), and Stoneridge (US).

 

Need to shift into higher gears of knowledge on this topic? Browse  "Advanced Gear Shifter System Market" report.

 

MarketsandMarkets Inc.

Northbrook, IL

888-600-6441

[email protected]

https://www.marketsandmarkets.com

Suggested Articles

Research dollars for AV are expected to remain, if slowed, especially for companies that see self-driving as a key to their success

Hydrogen refueling stations are limited in the U.S., restricting interest in use of fuel cell electric cars


Silicon Labs is providing the BT module needed for detecting proximity with another Maggy device