Automotive Advanced Gear Shifter System Market is poised to grow substantially till 2025

Global Automotive Advanced Gear Shifter System Market automotive advanced gear shifter system market size based on vehicle is segmented into passenger vehicles, LCV, and HCV. Passenger vehicles will account for a significant share owing to rising customer preference towards automatic transmission vehicles. The increasing vehicle sales across the globe along with easier availability of financing alternatives will further support the business expansion. The vehicle manufacturers are frequently launching new vehicle models with advanced transmission alternatives to increase their market reach. For instance, in May 2019, Hyundai launched its Venue compact SUV with dual-clutch transmission (DCT) technology.

The poor road conditions coupled with improvements in technology and enhanced fuel efficiency of semi-automatic and automatic transmission vehicles are boosting the product penetration over the study timeframe. The vehicle users in the emerging economies including India are adopting automatic vehicles owing to ease in travelling along with ease of driving in highly congested areas

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The increasing adoption of x- by- wire technologies in vehicles owing to the requirement for precision in electronic engine controls are supporting the automotive advanced gear shifter system market growth. The system eliminates mechanical linkages and uses electromechanical or electrical systems to improve fuel economy and offers superior comfort during travelling compared to the manual transmission vehicles. In addition, the several counties including U.S., China, and India across the globes are providing subsidiaries to promote usage of electric vehicles that will further boost the product penetration.

The organizations including the International Organization for Standardization (ISO), Automotive Research Association of India (ARAI), and National Highway Traffic Safety Administration (NHTSA) provides guidelines for safety of automotive systems. ISO/TS 12104:2003 provide the gearshift pattern guidelines for automatic transmission to ensure the safety and vehicle performance. These regulations further boost the customer confidence towards usage of these systems, thereby proliferating the automotive advanced gear shifter system market expansion.

Based on technology, the automotive advanced gear shifter system market is bifurcated into automatic shifter and shift by wire (SBW) technology. The automatic shifter will grow considerably owing to development of cost-effective automatic shifter solutions ideal for small city cars. Industry players are introducing advanced new shifter technologies that offers economic solutions for budgeted vehicles. For instance, in March 2016, FEV launched its compact dual clutch transmission (DCT) for city vehicles.

Based on component, the automotive advanced gear shifter system market size is segmented into CAN module, electronic control unit (ECU), and solenoid actuators. The ECU will grow significantly owing to its critical component functioning in gear shifter operations. The ISO 26262 ensures the quality of ECU used in systems and are appropriately tested prior to commercialization. The adoption of optimized ECU calibration enables vehicle manufacturers to improve the fuel efficiency. For instance, in February 2014, Maruti Suzuki launched Celerio with auto gear shift technology that includes new generation transmission and ECU. and communications ecosystems in the country against botnets and other types of automated and distributed threats.

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The Asia Pacific Automotive Advanced Gear Shifter System Market is expected to register an accelerated growth over the forecast timeline due to the rising adoption of IoT and rapidly increasing penetration of smartphones, leading to the increased vulnerability of connected devices. China dominated the global network of botnets in 2017. In June 2017, Kaspersky Lab reported that 17,060 botnets were detected in China where the botnet activity was reported to be 80% higher as compared to the U.S. where 7,350 bots were detected.

Few of the key participants in the automotive advanced gear shifter system market size include ZF Friedrichshafen AG, Ficosa Internacional SA, Kongsberg Automotive, Silatech Srl, Stoneridge, Inc., and Lumax Industries. The other players in the market includes Dura, GHSP, Orscheln Products, Atsumitec, Kostal, Eissmann Group Automotive, Delta Kogyo, and M&T Allied Technologies. Long term agreements and contracts with vehicle manufacturers are the key strategies adopted by industry participants to enhance their revenue share. For instance, in November 2017, Ficosa Internacional SA announced multiple contracts from Asian automobile manufacturers combinedly worth at over USD 45 million for providing shift-by-wire levers, rotary shift-by-wire systems, ECU, and gearbox actuators.

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