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Automotive Gear Shifter Market Size, Share & Industry Analysis, By Technology Type ( Shift-by-Wire, Automatic Shifter ), By Component Type ( Electronic Control Unit (ECU), CAN Module, Solenoid Actuator ), By Vehicle Type ( Passenger Cars, Commercial Vehicles ) and regional Forecast, 2024-2032

Published On : November 04, 2020 | Report ID: FBI104098 | Status : Ongoing

 

KEY MARKET INSIGHTS

The automotive gear shifter is an electronically controlled transmission system that is responsible for controlling the torque & speed of the vehicle. The automotive gear shift systems uses an electronic system and a lever to engage and disengage the gears and change them according to the requirement of the driver. This system is usually available in manual and advanced types. In a manual transmission system, shifting gears can be an exhausting task which can be eliminated by the advanced transmission system. The advanced transmission system can recognize when the driver is shifting the gear, while the electrical system can operate a solenoid actuator and the clutch to operate the engagement, disengagement and shifting of gears. Another significant driving factor for advanced automotive transmission system is the increased use of x-by-wire technology, in which the electromechanical systems are used to perform functions that are usually operated by mechanical linkages. The global automotive advanced transmission system market is mainly driven by the increasing demand for semi-automatic and automatic transmission vehicles, as well as the rise in the income level and the increasing electrification in vehicles. The governments of various countries are taking various initiatives and implementing strict emission standards to promote the development of electric vehicles. The growing demand for comfort during driving is rapidly boosting the market for automotive advanced automotive gear shifter.


Market Segmentation:


Globally, the automotive gear shifter market is segmented by technology type, by component type, by vehicle type, and by geographic coverage. The technology type is further segmented into shift-by-wire and automatic shifter. The shift-by-wire technology holds the major share in the global market owing to simpler and less expensive as compared to the automatic shifter. The shift-by-wire technology is widely being used in luxury, high performance, and various mid-sized vehicles. The automatic shifter is also expected to grow at a significant rate in the forecast period owing to the development of cost-effective solutions for vehicles especially for small city cars. Prominent automotive players are developing advanced gear shifter technologies that will provide economic solutions for low budget vehicles. The component type is further segmented into electronic control unit, CAN module, and solenoid actuators. The electronic control unit (ECU) holds the largest share in the global market as the ECU holds the main function in the transmission operation. The automotive functional safety organization certifies the quality of ECUs used in the system and conduct appropriate tests before commercialization. Through optimized ECU calibration, the automotive manufacturers can improve the fuel efficiency. The vehicle type is further segmented into passenger cars and commercial vehicles. The passenger cars accounts for the significant share in the global market and is expected to uphold its leading position over the forecast period. This dominance is attributed to the increasing preference towards automatic gear shifters in cars. The growth of global car sales and easier access to financing alternatives is likely to further help in the expansion of the production capabilities. The automotive manufacturers often introduce new models with advanced gearbox alternatives to expand their market reach.

Key Market Driver -

Increasing demand for safety and comfort features in vehicles is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

Vehicles with advanced HVAC systems may hinder the growth of the market during the forecast period.


Key Players:


Major players operating in the global automotive gear shifter market include F Friedrichshafen AG, Ficosa Internacional SA, WABCO, DURA AUTOMOTIVE SYSTEMS, TOKAIRIKA, CO, LTD, Ficosa Internacional SA, KÜSTER Unternehmensgruppe, Lumax Industries, Chongqing Kuayue (Group) Co., Ltd., SILATECH S.r.l., Magneti Marelli S.p.A., Leopold Kostal GmbH & Co. KG, Kongsberg Automotive, and Stoneridge among others.

Key Insights



  • New Advancements in Automotive Gear Shifter

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the automotive gear shifter market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific accounts for the largest share in the global market. The increasing urbanization, improvement in the living standards, and rise in the disposable income are the main factors for the growing demand for vehicles in this region. Also, the rising demand for luxury and high performance cars especially by the young population is fuelling the demand for advanced gear shifter system in this region. North America shows an exponential growth in the global market owing to the extensive adoption of advanced technology in the automotive industry. Moreover, the high disposable income and higher living standards are creating high demand for luxury and premium cars in this region which is consequently propelling the growth of the automotive gear shifter market.

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Segmentation


























ATTRIBUTES    

DETAILS        

By Technology Type



  • Shift-by-Wire

  • Automatic Shifter



By Component Type



  • Electronic Control Unit (ECU)

  • CAN Module

  • Solenoid Actuator



By Vehicle Type



  • Passenger Cars

  • Commercial Vehicles



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



 





  • Ongoing
  • 2023
  • 2019-2022

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