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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.
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.
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:
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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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