Global Advanced Gear Shifter System Market: Emerging Trends, Major Key Players Vis ZF and Kongsberg

According to the report, The Global Advanced Gear Shifter System chip market was valued at $ 15.2 billion in 2019 and is anticipated to grow at a CAGR of 6.5% from 2020 to 2027. The rising usage of x-by-wire technology in vehicles is one of the market's primary growth drivers. The advancement of x-by-wire technology, which is a critical component for semi-autonomous and autonomous vehicles, can provide sophisticated gear shifting system manufacturers with new income prospects. Shift-by-wire technology is currently finding a wide range of uses in all types of automobiles.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global ADVANCED GEAR SHIFTER SYSTEM industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Advanced Gear Shifter System market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Advanced Gear Shifter System players holding highest market share include Vis ZF (Germany), Kongsberg (Norway), Dura Automotive (US) and Ficosa (Spain). These players use acquisition as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Ficosa Internacional SA
• ZF Friedrichshafen AG
• Lumax Industries
• Kongsberg Automotive
• Dura Automotive Systems
• Stoneridge, Inc.
• SILATECH S.r.l.
• Magneti Marelli S.p.A.
• Ficosa Internacional SA
• Orscheln Products

Segmental Analysis

Market Segment By Technology with focus on market share, consumption trend, and growth rate of ADVANCED GEAR SHIFTER SYSTEM Market:
• Automatic Shifter
• Shift-By-Wire

Market Segment By Component with focus on market share, consumption trend, and growth rate of ADVANCED GEAR SHIFTER SYSTEM Market:
• CAN Module
• Electronic Control Unit (ECU)
• Solenoid Actuator
• Others

Market Segment By Vehicle with a focus on market share, consumption trend, and growth rate of ADVANCED GEAR SHIFTER SYSTEM Market:
• Light Duty Vehicle
• Commercial Vehicle

Market Segment By Electric Vehicle with a focus on market share, consumption trend, and growth rate of ADVANCED GEAR SHIFTER SYSTEM Market:
• BEV
• FCEV
• PHEV

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Global Advanced Gear Shifter System Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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