© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Automotive Advanced Gear Shifter System Market is set to see healthy CAGR during 2019 to 2025: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The automotive advanced gear shifter system market size based on vehicle is segmented into passenger vehicles, LCV, and HCV. Passenger vehicles will account for a significant share owing to rising customer preference towards automatic transmission vehicles. The increasing vehicle sales across the globe along with easier availability of financing alternatives will further support the business expansion. The vehicle manufacturers are frequently launching new vehicle models with advanced transmission alternatives to increase their market reach. For instance, in May 2019, Hyundai launched its Venue compact SUV with dual-clutch transmission (DCT) technology.  Asia Pacific will grow significantly in the automotive advanced gear shifter system market owing to increasing vehicle production and sales. The rising disposable income along with subsidies on purchase of electric vehicles will further boost the industry revenue over the study timeframe. The rising popularity of automated manual transmission (AMT) owing to minimum price increase over the manual transmission counterparts along with superior mileage and convenience further accentuates the regional share. Regional Analysis of Automotive Advanced Gear Shifter System Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Automotive Advanced Gear Shifter System Market :  The increasing adoption of x- by- wire technologies in vehicles owing to the requirement for precision in electronic engine controls are supporting the automotive advanced gear shifter system market growth. The system eliminates mechanical linkages and uses electromechanical or electrical systems to improve fuel economy and offers superior comfort during travelling compared to the manual transmission vehicles. In addition, the several counties including U.S., China, and India across the globes are providing subsidiaries to promote usage of electric vehicles that will further boost the product penetration.  Based on technology, the automotive advanced gear shifter system market is bifurcated into automatic shifter and shift by wire (SBW) technology. The automatic shifter will grow considerably owing to development of cost-effective automatic shifter solutions ideal for small city cars. Industry players are introducing advanced new shifter technologies that offers economic solutions for budgeted vehicles. For instance, in March 2016, FEV launched its compact dual clutch transmission (DCT) for city vehicles.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Few of the key participants in the automotive advanced gear shifter system market size include ZF Friedrichshafen AG, Ficosa Internacional SA, Kongsberg Automotive, Silatech Srl, Stoneridge, Inc., and Lumax Industries. The other players in the market includes Dura, GHSP, Orscheln Products, Atsumitec, Kostal, Eissmann Group Automotive, Delta Kogyo, and M&T Allied Technologies. Long term agreements and contracts with vehicle manufacturers are the key strategies adopted by industry participants to enhance their revenue share. For instance, in November 2017, Ficosa Internacional SA announced multiple contracts from Asian automobile manufacturers combinedly worth at over USD 45 million for providing shift-by-wire levers, rotary shift-by-wire systems, ECU, and gearbox actuators. Competitive Market Share of Automotive Advanced Gear Shifter System Market :

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