Advanced Gear Shifter System Market

Market Leaders - Advanced Gear Shifter System Market for Automotive

Factors such as increasing use of x-by-wire technology in vehicles and increasing vehicle production in developing economies have boosted the advanced gear shifter system market for automotive in recent years. The global advanced gear shifter system market for automotive is estimated to be USD 10.51 billion in 2018 and is projected to reach USD 13.50 billion by 2025, growing at a CAGR of 3.64% during the forecast period. The advanced gear shifter system market for automotive is dominated by a few global players. The key players in the advanced gear shifter system market for automotive are ZF (Germany), Kongsberg Automotive (Norway), Dura Automotive (US), Ficosa (Spain), and Stoneridge (US). Expansions, collaborations, and supply contracts are the key strategies adopted by these players to gain traction in the advanced gear shifter system market for automotive.

ZF (Germany) is a leading player in the advanced gear shifter system market for automotive. ZF has adopted the strategies of expansion and agreement to maintain the leading position in the advanced gear shifter system market for automotive. The company has done 3 expansions and an agreement in the last 3 years. In April 2018, ZF expanded its E-Mobility division by building a new production facility in the Serbian city of Pancevo. The new facility will focus on the production of electromobility products like electric motors and generators for hybrid and electric drives as well as transmission selector levers and micro-switches. In April 2017, ZF expanded its footprints in Asia by opening a new engineering center in Shanghai, China. The center would aid the development of driveline and chassis systems technologies for many types of vehicles. Also, in April 2017, ZF opened the company’s first technology center in Hyderabad, India. This new ZF India Technology Center (ITC) would focus on the development of advanced technologies for vehicle electrification, autonomous driving, and connected vehicles. In September 2016, ZF and doubleSlash Net-Business GmbH (Germany) agreed on strategic participation. Under this agreement, ZF would buy a 40 percent stake in doubleSlash.

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Ficosa (Spain) adopted the strategy of expansion and new product development to strengthen its market position. In the last 3 years, the company completed 3 expansions and introduced a new product related to advanced gear shifter. In March 2018, Ficosa announced that it had established itself in Africa for the first time, opening a new production center in Rabat (in the Technopolis free zone), Morocco. In this premise, the company would develop and produce complex vision systems that are crucial for the car of the future. Ficosa would also produce electric cable sets, rear-view mirrors, gear shifter systems, and washer systems in this plant. In August 2016, Ficosa opened a new plant in Jandira, Brazil. The new plant would manufacture rear-view mirrors, control and command systems, underhood solutions, and electronic systems for automobiles. This facility is also home to an R&D center that will develop solutions for the Mercosur region. Moreover, in July 2015, Ficosa announced that Renault’s new Espace incorporates the new “Shift by wire” automatic gearshift.  The shift system is based on a movement detection module, called "Minishifter" because of its small size, which is mounted on the electronic board. This module reproduces the lever movements and, through a magnet, transmits them to a three-dimensional magnetic sensor that sends the signal to the ECU system.

Related Reports:

Advanced Gear Shifter System Market for Automotive by Technology (Automatic Shifter, Shift-by-Wire), Component (CAN Module, ECU, Solenoid Actuator), Vehicle Type (Light Duty Vehicles, Commercial Vehicles), EV Type, and Region - Global Forecast to 2025

Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Report Code
AT 6449
Published ON
Jul, 2018
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