The Advanced Gear Shifter System is an electrically controlled system that is liable for gear engagement and disengagement. It uses a lever and an electrical system to engage, disengage, and change gears in accordance with the driver’s requirement. In a manual transmission system, shifting gears can be a tiring task, which is removed by the advanced gear shifter system. The advanced gear shifter system detects when the driver is changing the gear and an electric system functions the clutch and a solenoid actuator in order to operate gear engagement, disengagement, and shifting.
The worldwide advanced gear shifter system market accounted for more than USD 10.18 Billion in 2017 and the market is projected to reach USD 13.60 Billion by the end of 2025. Furthermore, the market is likely to increase at a compound annual growth rate of 3.64% over the next few years.
The worldwide automotive advanced gear shifter system market is mainly driven by the rising demand for vehicles with automatic and semi-automatic transmission coupled with higher per capita income and growing vehicle electrification. Additional prominent driver of the automotive advanced gear shifter system is the augmented usage of x- by- wire technology, in which electrical systems are being used to perform operations that were customarily being operated by mechanical linkages. Administrations of numerous nations are supplying subsidies and applying stringent emission norms in order to support electric vehicles.
Augmented demand for electric vehicles across North America and Europe is expected to propel the automotive advanced gear shifter system market throughout the forecast period. Growing demand for comfort during travelling is driving the market at a quick pace. Advanced gear shifter system market are less dependable and complex and consequently, these are more costly than conventional gear shifter systems. This is an important factor inhibiting the global market.
In regard to technology, X-by-wire technology is simple and cheap as compared to the automatic shifter. Consequently, the x-by-wire segment accounts for an important share of the global automotive advanced gear shifter system market. X-by-wire technology is extensively being used in premium, luxury, and several mid-segment vehicles too.
In terms of component, the global market can be segregated into four segments. Solenoid actuators are directly responsible for gear shifting. Solenoid actuators are operated by the electronic control unit (ECU), which is connected to different sensors placed in the vehicle. Advanced electric vehicles are highly sophisticated owing to which advance technologies such as ADAS and advanced gear shifter system are witnessing an increased adoption in electric vehicles. Battery electric vehicles witness a significantly high demand for advanced gear shifter system. Passenger vehicles are a prominent mode of transport. Travelers and vehicle owners are preferring advanced technologies in order to make traveling comfortable. Consequently, passenger vehicles witness a high rate of adoption to the advanced gear shifter system.
Asia Pacific and Latin America are witnessing a rapid increase in the number of passenger vehicles. Steady increase in income, rise in concern about vehicle sophistication, and rise in demand for luxury and superior vehicles are fueling the demand for advanced gear shifter system in Asia Pacific and Latin America. North America witnesses a high rate of adoption of advanced technologies. The Market has been primarily conquered by North America, because of high per capita income and higher standard of living are propelling the demand for luxury vehicles across the region. North America includes a considerable number of luxury vehicles and therefore, the area accounts for a leading share of the global automotive advanced gear shifter system market.