The advanced gear shifter system market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

The Business Research Company a report, titled, ‘Advanced Gear Shifter System Global Market Report 2024 – By Component (Solenoid Actuator, Electronic Control Unit (ECU), CAN Module, Other Components), By Technology (Automatic Shifter, Shift-By-Wire (SBW)), By Vehicle Type (Light Duty Vehicle, Commercial Vehicle, Electric Vehicle, Other Vehicle Types) – Market Size, Trends, And Global Forecast 2024-2033’. According to the report, The advanced gear shifter system market size is expected to see strong growth in the next few years. It will grow to $18.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.

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Report Coverage & Details:

• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $13.55 billion
• Revenue Forecast In 2033: $18.83 billion
• CAGR of 8.6%

Global Advanced Gear Shifter System Market: Segmentation

The advanced gear shifter system market covered in this report is segmented –

1) By Component: Solenoid Actuator, Electronic Control Unit (ECU), CAN Module, Other Components
2) By Technology: Automatic Shifter, Shift-By-Wire (SBW)
3) By Vehicle Type: Light Duty Vehicle, Commercial Vehicle, Electric Vehicle, Other Vehicle Types

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Advanced Gear Shifter System Market Report: Growth Drivers
The increasing sales of luxury vehicles are expected to drive the growth of the advanced gear shifter system market. Luxury vehicles, known for their premium features, advanced technology, and superior comfort, are in higher demand due to consumer interest in prestige, luxury, and performance. These vehicles often incorporate advanced gear shifter systems to enhance driving experience with smoother, more precise gear shifts, offering customization and additional convenience. For example, in April 2024, Tesla Inc. reported that production and delivery of their luxury electric vehicles (Model S/X and Model E/Y) grew by 37.24% year-over-year, reaching $24.32 billion in 2023, up from $21.45 billion in 2022.This increase in luxury vehicle sales is contributing to the growth of the advanced gear shifter system market.

Key Developments:

Lear Completes Acquisition Of Kongsberg Automotive’s Interior Comfort Systems Business Unit
In February 2022, Lear Corporation, a US-based automotive technology company, acquired Kongsberg Automotive’s interior comfort systems business unit for an undisclosed amount. With this acquisition, Lear Corporation will expand its seat component capabilities and product offerings in increasingly popular thermal and comfort seating solutions, such as seat heating, ventilation, massage, and lumbar support. Kongsberg is a US-based company that offers automotive technology products, including advanced gear shifter systems.

Top Market Leader Included:

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.

Advanced Gear Shifter System Industry: Regional Landscape

North America was the largest region in the advanced gear shifter system market in 2023.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.

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What Does The Global Advanced Gear Shifter System Market Report Include?

1.Introduction
• Overview of the Advanced Gear Shifter System Market
• Comprehensive Analysis of Advanced Gear Shifter System Market

2.Advanced Gear Shifter System Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period

3.Advanced Gear Shifter System Market Segmentation
• By Component
• By Technology
• By Vehicle Type

4.Competitive Landscape And Company Profiles In The Advanced Gear Shifter System Market
• Overview
• Products and Services
• Strategy

5.Advanced Gear Shifter System Market Regional And Country Analysis
• By Region
• By Country

6.Market Trends And Opportunities In Advanced Gear Shifter System Market
• Technological Advancements
• Emerging Trends

7.Advanced Gear Shifter System Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities Americas: +1 3156230293

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