A few of the key findings from our automotive gear position sensor market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global Automotive Gear Position Sensor Industry Overview
Continuous technological advances in automatic transmission systems have resulted in the development of triple-clutch automatic transmission. Prominent vendors such as General Motors, Honda Motors Co. (Honda Motor), and Ford Motor are developing triple-clutch transmission systems, which provide more superior performance, efficiency, and driving comfort compared with dual-clutch automatic transmission. Triple-clutch automatic transmission systems use intelligent electronic control units (ECUs), sensors, and advanced software and machinery to keep engines revving at the point of maximum efficiency and minimum wastage. The increasing demand for fuel efficiency in automobiles will further boost the popularity of triple-clutch transmission systems. This development of triple-clutch transmission systems has been identified as one of the critical automotive gear position sensor market trends, which is responsible for the growth of the market.
The increasing adoption of automatic transmission systems will boost the demand for shift-by-wire technology. Shift-by-wire systems use actuators instead of mechanical linkages for transmission. The adoption of shift-by-wire systems will significantly improve the output and help in reducing the weight of vehicles. The adoption of these systems is expected to occur across a wider range of vehicles during the forthcoming years. In addition, the integration of control software will further boost the popularity of shift-by-wire systems. The control system in the shift-by-wire technology uses gear position sensors to continuously monitor and measure positions of digital controls. Thus, the increasing demand for shift-by-wire technology will be a significant automotive gear position sensor market growth driver. The market is expected to record a CAGR of almost 9% during the forecast period.
Top Automotive Gear Position Sensor Companies Covered in this Market Research Report
The global automotive gear position sensor market is fragmented. To help clients in improving their market positions, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive gear position sensor market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies to create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading automotive gear position sensor manufacturers, including:
- Continental AG
- Honeywell International Inc.
- Infineon Technologies AG
- TE Connectivity Corp.
- ZF Friedrichshafen AG
Automotive Gear Position Sensor Market Segmentation Based on Application
- Automatic transmission
- Manual transmission
The automatic transmission segment will account for the highest automotive gear position sensor market share. The increasing demand for comfort and convenience features, growing traffic concerns, and the declining price difference between manual and automatic transmission systems will boost the demand for automotive gear position sensors in automatic transmission applications. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive gear position sensor market size.
Automotive Gear Position Sensor Market Segmentation Based on Geographic Region
- APAC
- Europe
- MEA
- North America
- South America
With a complete study of the growth opportunities for the companies, it has been identified that APAC will account for the highest share of the automotive gear position sensor market throughout the forecast period. The increasing demand for automatic transmission systems in APAC is responsible for automotive gear position sensor market growth in this region.
Key Highlights of the Global Automotive Gear Position Sensor Market for the Forecast Years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the automotive gear position sensor market during the next five years
- Precise estimation of the global automotive gear position sensor market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive gear position sensor industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of automotive gear position sensor companies
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