Automotive Advanced Shifter System Market Research Report – Forecast to 2027

Automotive Advanced Shifter System Market Research Report: Information by Technology (Automatic, Manual, Shift-by-Wire), Component (CAN Module, ECU, Solenoid Actuator), Fuel Type (Petrol, Diesel, Gasoline), Vehicle Type, Region - Forecast till 2027

ID: MRFR/AM/4796-HCR | February 2021 | Region: Global | 100 pages

 Automotive Advanced Shifter System Market Synopsis



Global automotive advanced shifter system market has seen remarkable growth; expected to rise at a CAGR of ~6%.  Increased concerns regarding the automobile performance and growing demand for automotive advance shifter systems due to the ability to provide high efficiency and to satisfy customer speed demand are the major factors driving the global automotive advance shifter system market. Rapid growing demand for a shift by wire technology will further drive the global market. It is expected that the growing demand for shift-by-wire technology will further create opportunities for the global automotive advance shifter system market. It is predicted that the shift-by-wire technology will be more frequently available in the automobiles during the forecast period which would increase the demand for the automotive advance shifter system. Also, there is a continuous increase in investment regarding the development of the technology, by manufacturers, which would facilitate better designing of automotive advance shifter systems. There are new manufacturing companies in the market who actively manufacture advance shifter systems as original equipment manufacturers for the major top vehicle manufacturers. However, major restraints for the global automotive advance shifter system market are design complexity and maintenance of required reliability. Customer satisfaction is the major concern for the manufacturers in the global automotive advanced shifter system market.

 


The automotive advance shifter system primarily consists of the gearshift, the control cables, and design style. The advance shifter system in automotive will allow the driver to select the speed of the vehicle efficiently and safely. The automotive advance shifter system is mostly based on customers inputs and requirements. This improves performance, and maintains high level of reliability and reduced cost.

The prominent players in the global automotive advanced shifter system market include Dura Automotive (US), Ficosa (Spain), Kongsberg Automotive (Norway), ZF (Germany), WABCO (Belgium), and Jopp Group (Germany). SILATECH S.r.l. (Italy), Remsons Industries Ltd. (India), Küster Holding GmbH (Germany), and Robert Bosch GmbH (Germany) are among others.



Segmentation: Automotive Advanced Shifter System Market



Automotive Advanced Shifter System


Global automotive advanced shifter system market is segmented on the basis of technology, component, fuel type, vehicle type, and region. On the basis of technology, the market has been segmented into automatic, manual, and shift by wire. On the basis of component, the market has been segmented into CAN module, ECU, solenoid actuator, and others. On the basis of fuel type, the market has been segmented into petrol, diesel, and gasoline. On the basis of vehicle type, the market has been segmented into passenger car, commercial vehicle, and electric vehicle.


Geographically, the global automotive advanced shifter system market has been segmented into the four major regions of North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is estimated to hold the highest revenue market share throughout the forecast period owing to increased awareness regarding safety, growing urbanization, and the increased aftermarket industry, which will enhance the market size of in the market in Asia-Pacific. Moreover, increased production and sale of automobiles will further boost the growth for automotive advanced shifter system market in Asia-Pacific.


 

The report for Global Automotive Advanced Shifter System Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   6% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By Application, By Vehicle type, By Component ,
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Dura Automotive (US), Ficosa (Spain), Kongsberg Automotive (Norway), ZF (Germany), WABCO (Belgium), and Jopp Group (Germany). SILATECH S.r.l. (Italy), Remsons Industries Ltd. (India), Küster Holding GmbH (Germany), and Robert Bosch GmbH (Germany)
  Key Market Opportunities   Rapid growing demand for a shift by wire technology
  Key Market Drivers

  • High efficiency
  • To satisfy customer speed


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :


    The market recorded for a CAGR of ~6%.

    The amplified concerns over the automobile performance and increasing demand for automotive advance shifter systems are the major factors driving the global automotive advance shifter system market.

    The technology, component, fuel type, vehicle type are the segments of the market.

    The major regions of the market are North America, Europe, Asia-Pacific.

    Ficosa (Spain), Kongsberg Automotive (Norway), Dura Automotive (US), WABCO (Belgium), ZF (Germany), and Jopp Group (Germany) are the key competitors of the market.