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Automotive Advanced Shifter System Market Expected to Reach $18.1 Billion by 2031
OREGAON, PORTLAND, UNITED STATES , August 8, 2023/EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Automotive Advanced Shifter System Market," The automotive advanced shifter system market was valued at $10.9 billion in 2021, and is estimated to reach $18.1 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 - https://www.alliedmarketresearch.com/request-sample/31863
In 2021, Asia-Pacific dominated the market in terms of revenue, followed by Europe, North America, and LAMEA. China dominated the automotive advanced shifter system market in 2021. The rapid growth of the automobile sector across all segments along with growing customer inclination toward semi-autonomous and autonomous vehicles propels the growth of the market.
𝐓𝐨𝐩 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐒𝐡𝐢𝐟𝐭𝐞𝐫 𝐒𝐲𝐬𝐭𝐞𝐦 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:
𝐀𝐭𝐬𝐮𝐦𝐢𝐭𝐞𝐜 𝐂𝐨., 𝐋𝐭𝐝.,
𝐃𝐞𝐥𝐭𝐚 𝐊𝐨𝐠𝐲𝐨 𝐂𝐨., 𝐋𝐭𝐝.,
𝐃𝐮𝐫𝐚 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐲𝐬𝐭𝐞𝐦𝐬,
𝐄𝐢𝐬𝐬𝐦𝐚𝐧𝐧 𝐆𝐫𝐨𝐮𝐩 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞,
𝐅𝐢𝐜𝐨𝐬𝐚 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐒.𝐀.,
𝐅𝐮𝐣𝐢 𝐊𝐢𝐤𝐨 𝐂𝐨., 𝐋𝐭𝐝.,
𝐆𝐇𝐒𝐏, 𝐈𝐧𝐜.,
𝐊𝐨𝐧𝐠𝐬𝐛𝐞𝐫𝐠 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞,
𝐊ü𝐬𝐭𝐞𝐫 𝐇𝐨𝐥𝐝𝐢𝐧𝐠 𝐆𝐦𝐛𝐇,
𝐋𝐞𝐨𝐩𝐨𝐥𝐝 𝐊𝐨𝐬𝐭𝐚𝐥 𝐆𝐦𝐛𝐇 & 𝐂𝐨. 𝐊𝐆,
𝐌&𝐓 𝐀𝐥𝐥𝐢𝐞𝐝 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬,
𝐎𝐫𝐬𝐜𝐡𝐞𝐥𝐧 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬,
𝐒𝐢𝐥𝐚 𝐆𝐫𝐨𝐮𝐩 (𝐒𝐢𝐥𝐚𝐭𝐞𝐜𝐡 𝐒𝐫𝐥),
𝐒𝐭𝐨𝐧𝐞𝐫𝐢𝐝𝐠𝐞 𝐈𝐧𝐜.,
𝐙𝐅 𝐅𝐫𝐢𝐞𝐝𝐫𝐢𝐜𝐡𝐬𝐡𝐚𝐟𝐞𝐧 𝐀𝐆.
𝐏𝐔𝐑𝐂𝐇𝐀𝐒𝐄 𝐅𝐔𝐋𝐋 𝐑𝐄𝐏𝐎𝐑𝐓 𝐎𝐅 - https://www.alliedmarketresearch.com/automotive-advanced-shifter-system-market/purchase-options
The prominent key factors that drive the growth of the automotive advanced shifter system market size are rise in adoption of lightweight systems for fuel efficiency, increase in demand for driver & passenger safety, comfort & luxury, and surge in demand for automatic transmission. The global automotive industry has experienced tremendous transformation in past few years. The ever-growing demand for fuel efficient vehicles is making vehicle manufacturers focus incessantly on forming new design experiences by enabling efficient incorporation of new technologies and processes, which is anticipated to fortify demand for automotive advanced shifter system up to a great degree during the forecast period.
Automotive advanced shifter system market is segmented basis of technology, component, vehicle type, propulsion, and region. On the basis of technology, it is divided into automatic shifter and shift-by-wire (SBW). By component, it is divided into CAN module, electronic control unit (ECU), solenoid actuator, and others. By vehicle type, it is segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. By propulsion, it is divided into ICE, electric & hybrid, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
By technology, the shift-by-wire (SBW) segment is expected to register a significant growth during the forecast period.
By component, the electronic control unit (ECU) segment is projected to lead the global automotive advanced shifter system market.
By vehicle type, the passenger car segment is projected to lead the global automotive advanced shifter system market.
By propulsion, the electric and hybrid segment is projected to lead the global automotive advanced shifter system market.
Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/31863
David Correa
Allied Analytics LLP
1 800-792-5285
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