Advanced Shifter System Market is projected to witness ~6% CAGR by 2030

Pune, India, July 2018/MRFR Press Release/- Market Research Future published a half- cooked research report on Global Advanced Shifter System Market. The global advanced shifter system market is expected to witness ~6% CAGR during the period, 2022 to 2030.

Market Highlights

The automotive advance shifter system is primarily based on consumer input and requirements and consists of control cables, gearshift, and designing style. The system improves the performance of the vehicle and reduces the cost. The system is used mainly to maintain high level of reliability to improve the performance level of the vehicle. Increased concerns regarding vehicle performance and safety of consumers will be the major factors driving the global advanced shifter system market. Growing automobile production owing to the increased per capita disposable income and rapid urbanization in the developing countries will drive the growth of the global automotive advance shifter system market. Rapid demand for shift-by-wire technology will enhance the global market and boost the growth for the automotive advance shifter system. Growing demand for shift-by-wire technology will open up a new opportunity in the global market for new manufacturers. Manufacturers investing in the development of design segment in the advance shifter system for automobiles will further create opportunities for new and established players. However, complexity regarding designing of advance shifter system for automobiles will be the major restraint in the market. Furthermore, maintaining reliability of advance shifter systems will be the major challenge for the manufacturers in the global automotive advance shifter system market.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Advanced Shifter System Market Research Report

Drivers: Advanced Shifter System

Market Research Analysis

In terms of region, the global market for the Advanced Shifter System is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific held the highest revenue market share in 2017 and is expected to dominate during the forecast period. The automotive advanced shifter system market in Asia-Pacific will be driven by the presence of China, India, Japan, Thailand, and Indonesia where the sales of automobiles has continuously been increasing due to the increased urbanization and growing purchase of consumers.. Rise in initiatives to increase awareness regarding efficient vehicle shifter systems will further enhance the Asia-Pacific market size. In Europe, stringent government norms and consciousness regarding health will drive the growth for advanced shifter system market. Europe is estimated to hold the second highest revenue market share and expected to continue its growth during the forecast period.

Scope of the Report

This study provides an overview of the global automotive advanced shifter system market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive advanced shifter system market by technology, component, fuel type, vehicle type, and regions.

• Automatic


• Manual


• Shift by Wire

• CAN Module


• ECU


• Solenoid Actuator


• Others

• Petrol


• Diesel


• Gasoline

• Passenger Car


• Commercial Vehicle


• Electric Vehicle

• North America 


• Asia-Pacific 


• Europe


• Rest of the World  

Key Players

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.