According to a new market report by Lucintel, the future of the global automotive gear position sensor market looks promising with opportunities in the automotive industry. The global automotive gear position sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 7% from 2020 to 2025. The major growth drivers for this market are growing demand for automatic transmission systems, increasing demand for shift-by-wire technology, and growing demand for high-gear transmission systems.
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In this market, automatic transmission and manual transmission are the two types of application. Lucintel forecast that the automatic transmission segment will witness the highest growth during the forecast period due to the demand for shift-by-wire technology.
Within this market, passenger car segment will remain the largest vehicle type due to growth of automotive industry.
APAC will remain the largest region, and it is expected to witness the highest growth over the forecast period due to increasing demand for automatic transmission systems.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing popularity of EV transmission systems, development of triple-clutch transmission, and digital circuitry integrating advanced algorithms for faster gear shift system. Robert Bosch GmbH, Hirschmann Automotive GmbH, Sensata Technologies, HELLA, Hitachi Ltd., Mitsubishi Electric Corporation, DENSO, and Continental AG are among the major manufacturers of the automotive gear position sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive gear position sensor market by application, position, vehicle type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Automotive Gear Position Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive gear position sensor market by application, position, vehicle type, and region as follows:
By Application [$M shipment analysis for 2014 – 2025]:
Automatic Transmission
Manual Transmission
By Position [$M shipment analysis for 2014 – 2025]:
Skew Shaft Gears
Intersection Shaft Gears
Parallel Shift Gears
By Vehicle Type [$M shipment analysis for 2014 – 2025]:
Passenger Car
Commercial Vehicle
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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