The global automotive advanced shifter system market size was valued at around USD 10.5 billion in 2021 and is expected to grow at a CAGR of 5.8% during the forecast period.
Electronically managed, the sophisticated shifter system is in charge of engaging and disengaging the gears. According to the needs of the driver, it uses a lever and an electrical system to engage/disengage or change gears. The innovative gear shifter system detects when the driver shifts into a different gear, and an electric system engages, disengages, and shifts gears using a solenoid actuator. The market for advanced shifter systems has benefited as a result.
During the forecast period, it is anticipated that factors such as rising lightweight system adoption for fuel efficiency, rising passenger and driver safety, comfort & luxury demand, and rising automatic gearbox demand will propel the growth of the global automotive advanced gearbox system market. The high cost, cybersecurity risk, and safety and reliability requirements of X-by-wire systems are, however, anticipated to restrain the development of the global market over the forecast period. Additionally, the automotive advanced shifter system business is anticipated to benefit from rising demand for shift-by-wire technology and rising vehicle production in developing nations in the near future.
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Modern cars need cutting-edge materials to increase fuel efficiency while maintaining performance and safety. Lightweight materials have the ability to dramatically increase the fuel efficiency of a vehicle because it requires less energy to accelerate a lighter entity than a heavier one. Lightweight automotive systems for vehicles have been developed as a result of regulatory requirements placed on automakers and technological breakthroughs in automotive powertrains. The development of advanced hardware and software helps automotive component manufacturers reduce the weight of car parts like the shift by wire system. Additionally, by swapping out heavy steel vehicle parts for ones made of materials like high-strength steel, aluminium, or glass fiber-reinforced polymer composites, the weight of the components can be decreased by 10% to 60%.
Competitive Landscape:
The global automotive advanced shifter system market is highly competitive, with several players operating in the market. Some of the key players in the market include:
ZF Friedrichshafen AG
Kongsberg Automotive
GHSP
Ficosa International
DURA Automotive Systems
Kostal Group
Kuster Holding
F.TECH INC.
Fuji Kiko Co., Ltd.
Zhejiang Inte Industrial Electric Co., Ltd.
Market Segmentation:
By Type:
• Electronic shifters
• Mechanical shifters
• Others
By Technology:
• Automatic shifter systems
• Semi-automatic shifter systems
• Manual shifter systems.
By Vehicle type:
• Passenger cars
• Light commercial vehicles
• Heavy commercial vehicles
By Sales channel:
• Original Equipment Manufacturers
• Aftermarket
Latin America: Latin America is expected to witness moderate growth in the market due to the increasing demand for passenger cars and commercial vehicles, as well as rising disposable incomes and urbanization.
Middle East & Africa: The Middle East & Africa market for automotive advanced shifter systems is expected to witness slow growth due to the limited adoption of advanced technologies and low demand for passenger cars and commercial vehicles in the region.
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