Automotive Gear Position Sensor Market Key Trends, Opportunities & Development Factors in sector with CAGR of 8.57% till 2023
The Automotive Gear Position Sensor Market in Europe, Asia Pacific, North America, Middle East, and Africa, Latin America and China appear to be highly fragmented due to the presence of several international, regional, and local vendors. Automotive Gear Position Sensor providers compete intensely in terms of price, quality, regulatory compliance, and innovation. To attain a competitive advantage over the other players, the vendors are focusing on technological innovations and RandD investments. The high growth potential of the market encourages the entry of several start-ups and adoption of inorganic strategies and this will, in turn, impact the performance of the vendors in the Auto Components,Auto Parts and Equipment Sector.
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Global Automotive Gear Position Sensor Market: About this market
Automotive gear position sensor detects the position of the gear and sends the information regarding the current position of the gearshift to the transmission control module, also called a transmission control unit (TCU). Researchers automotive gear position sensor market analysis considers sales from both automatic transmission and manual transmission. Our analysis also considers the sales of the automotive gear position sensor in APAC, Europe, MEA, North America, and South America. In 2018, the automatic transmission segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for comfort and convenience features, growing traffic concerns, and the declining price difference between manual and automatic transmission systems will play a significant role in the automatic transmission segment to maintain its market position. Also, our global automotive gear position sensor market report also looks at factors such as growing demand for the automatic transmission system, increasing demand for shift-by-wire technology, and growing demand for the high-gear transmission system. However, increased complexities in designing of the modern transmission system, stray field interference in magnetic gear position sensor, reliability issue with advanced transmission system leading to increase in events of malfunctioning and vehicle recalls may hamper the growth of the automotive gear position sensor industry over the forecast period.
Automotive Gear Position SensorMarket 2019 Trend, Challengeand Driver: –
Global Automotive Gear Position Sensor Market: Overview
- Increasing demand for shift-by-wire technology
- With the increase in the adoption of an automatic transmission system, the demand for the shift by wire technology is expected to grow significantly during the forecast period. A shift by wire system uses an actuator for transmission. Instead of mechanical linkage with the gearbox, the transmission is done using actuators. The gear shift using the shift by wire system could be actuated using digital controls such as lever or buttons or rotary shifters. The GPS plays a crucial role in measuring the position of the digital controls, which control system continuously monitor. This demand for shift-by-wire technology will lead to the expansion of the global automotive gear position sensor market at a CAGR of almost 9% during the forecast period.
- Development of the triple-clutch transmission system
- Among automotive transmission systems, DCT is one of the most popular transmission systems in automotive applications. DCT offers improved performance, efficiency, and driving comfort. However, continuous works on RandD related to automatic transmission have led to the development of triple-clutch automatic transmission in the recent past. The prominent automotive OEMs, along with tier-1 suppliers, are working on commercial validity of the triple-clutch transmission system. This development is expected to have a positive impact on the overall market growth.
- For the detailed list of factors that will drive the global automotive gear position sensor market during the forecast period 2019-2023, click here.
- With the presence of several major players, the global automotive gear position sensor market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive gear position sensor manufacturers, that include Continental AG, Honeywell International Inc., Infineon Technologies AG, TE Connectivity Corp., and ZF Friedrichshafen AG.
- Also, the automotive gear position sensor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
- North America(UnitedStates, Canada, andMexico)
- Europe(Germany, France, UK, Russia, andItaly)
- Asia-Pacific(China, Japan, Korea, India, andSoutheast Asia)
- South America(Brazil, Argentina, Colombia)
- The MiddleEast and Africa(Saudi Arabia, UAE, Egypt, Nigeria, andSouth Africa)
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List Of Key vendorsoperating in 2019 Automotive Gear Position Sensor market space are
Continental AG, Honeywell International Inc., Infineon Technologies AG, TE Connectivity Corp., and ZF Friedrichshafen AG.
Consumer Landscape: –
The key to any successful business is understanding the new demands of the customers and keeping a close watch on the changing model of the client base. The more you engage with your client base, the clearer you are about the most productive ways in which to hook your ideal customer. Predicting what your customers want, even before they themselves know about it, is the first step to profitable innovation.
This Automotive Gear Position Sensor market 2019 research is a result of: –
- Qualitative analysis: -Automotive Gear Position Sensor Market drivers, 2019 Market challenges, Market trends, Five forces analysis.
- Quantitative analysis: -Automotive Gear Position Sensor Market size and forecast, 2019 Market segmentation, Geographical insights, Competitive landscape.
- Primary research: – Automotive Gear Position Sensor Industry journals and periodicals, Government bodies, Annual reports of key stakeholders.
- Secondary research: -Automotive Gear Position Sensor Manufacturers/suppliers, Channel partners, Industry experts, Strategic decision makers.
- Data synthesis:- Collation of data, Estimation of key figures, Analysis of derived insights.
- Data validation:- Triangulation with data models, Reference against proprietary, databases, Corroboration with industry experts.
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Table of Contents included in Automotive Gear Position Sensor Market 2019 Report –
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Base year
- Forecast period
- Market coverage
- Market size calculation
- Geographical segmentation
- Vendor segmentation
PART 03: Research Methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical Segmentation
PART 09: A Decision framework
PART 10: Impact of drivers and challengesAnd Many More Parts Covered.
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