PUBLISHER: The Business Research Company | PRODUCT CODE: 1702690
PUBLISHER: The Business Research Company | PRODUCT CODE: 1702690
An advanced gear shifter system is a sophisticated mechanism utilized in vehicles to control the shifting of gears in automatic or semi-automatic transmissions. It incorporates electronic sensors, actuators, and control modules for precise and efficient gear changes. These systems offer improved fuel efficiency, enhanced driving dynamics, and increased convenience compared to traditional mechanical gear shifters.
The main component types of advanced gear shifter systems include solenoid actuators, electronic control units (ECUs), CAN modules, and others. Solenoid actuators are responsible for electronically engaging and disengaging gears within the advanced gear shifter system. Various technologies such as automatic shifters and shift-by-wire (SBW) systems are utilized in different vehicle types, including light-duty vehicles, commercial vehicles, electric vehicles, and others.
The advanced gear shifter system market research report is one of a series of new reports from The Business Research Company that provides advanced gear shifter system market statistics, including advanced gear shifter system industry global market size, regional shares, competitors with an advanced gear shifter system market share, detailed advanced gear shifter system market segments, market trends, and opportunities, and any further data you may need to thrive in the advanced gear shifter system industry. This advanced gear shifter system research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The advanced gear shifter system market size has grown strongly in recent years. It will grow from $13.55 billion in 2024 to $14.74 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increase in automotive systems, increased use of cable shifting, increased electrification in vehicles, increased customer concerns about vehicle performance, rise in demand for smooth and quick gear impulse.
The advanced gear shifter system market size is expected to see strong growth in the next few years. It will grow to $20.4 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to increasing sales of mid-size and luxury vehicles, increasing use of x-by-wire technology in the vehicle, growing preference for automatic and semi-automatic transmissions, increasing driving comfort, increasing fuel efficiency. Major trends in the forecast period include advanced shifter technologies, advancements in vehicle connectivity, advancements in autonomous driving technologies, rising wire technology, integration of shift-by-wire technology.
The surge in luxury vehicle sales is poised to drive the advancement of the market for advanced gear shifter systems in the foreseeable future. Luxury vehicles represent automobiles characterized by premium features, cutting-edge technology, superior comfort, and top-tier materials, appealing to discerning consumers who prioritize luxury, performance, and prestige. The uptick in luxury vehicle sales is attributed to escalating aspirations for status and prestige, prevailing luxury lifestyle trends, robust brand image and marketing efforts, and the availability of diverse financing options, such as leasing and financing programs. Advanced gear shifter systems are prominently featured in luxury vehicles to elevate the driving experience, offering heightened convenience and sophistication. These systems play a pivotal role in enhancing the driving experience in luxury vehicles by delivering seamless, precise, and customizable gear shifts, complemented by additional features that enhance convenience, performance, and luxury. For instance, Tesla Inc. reported in April 2024 that production and delivery totals for luxury electric vehicles such as the Model S/X and E/Y witnessed a notable increase from $21.454 billion in 2022 to $24.32 billion in 2023, marking a year-over-year increase of 37.24%. Thus, the growing sales of mid-size and luxury vehicles are propelling the expansion of the advanced gear shifter system market.
Leading companies in the advanced gear shifter system market are innovating products such as electronic clutch control systems to bolster vehicle performance and facilitate the integration of advanced driver-assistance systems (ADAS) in contemporary vehicles. Electronic clutch control systems represent advanced automotive technologies that employ electronic mechanisms to regulate the engagement and disengagement of a vehicle's clutch, surpassing traditional mechanical or hydraulic systems. For instance, Honda Motor Co. Ltd introduced the industry's inaugural electronic clutch control system in November 2023. This system automatically manages the clutch of manual motorcycle transmissions based on various sensor inputs, including vehicle/engine speed, throttle position, and gear position. Honda's initiative showcases the potential of this technology to enhance vehicle dynamics, support advanced functionalities, and align with the automotive industry's trajectory toward automation and efficiency by integrating ECCS into its motorcycles.
In February 2022, Lear Corporation bolstered its presence in the automotive technology landscape by acquiring Kongsberg Automotive's interior comfort systems business unit. This strategic move enables Lear Corporation to broaden its seat component capabilities and product offerings, particularly in sought-after thermal and comfort seating solutions such as seat heating, ventilation, massage, and lumbar support. Kongsberg Automotive is renowned for its automotive technology products, including advanced gear shifter systems.
Major companies operating in the advanced gear shifter system market are TOKAI RIKA CO LTD, Robert Bosch GmbH, Varroc Group, ZF Friedrichshafen AG, Denso Corporation, Atsumitec Co Ltd, Magneti Marelli S.p.A., Kostal Group, Ficosa Internacional SA, Remsons Industries Ltd., Eissmann Group Automotive, Ficosa, M&T Allied Technologies Co. Ltd., Fujikiko Co. Ltd., Kongsberg Automotive GmbH, Dura Automotive Systems Inc., Stoneridge, GHSP, Kapsch Components, Delta Kogyo Co. Ltd., Lumax Industries, SL Corporation, Sila Group, Leopold Kostal GmbH & Co. KG, Orscheln Products, Jopp Technology Co. Ltd.
North America was the largest region in the advanced gear shifter system market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced gear shifter system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the advanced gear shifter system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The advanced gear shifter system market consist of revenues earned by entities by providing dual-clutch transmission systems, continuously variable transmission, and automated manual transmission. The market value includes the value of related goods sold by the service provider or included within the service offering. The advanced gear shifter system market consists of sales of paddle shifters, manual gear shifters, electronic gear shifters, rotary shifters, joystick shifters, gear shift sensors, and actuators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Advanced Gear Shifter System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on advanced gear shifter system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for advanced gear shifter system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The advanced gear shifter system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.