Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Automotive Gear Position Sensor Market Size
The global market for automotive gear position sensor attained a value of USD 4.5 billion is expected to grow at a CAGR of 5.6% during the forecast period of 2024-2032 to attain a value of more than USD 7.3 billion by 2032.
| Global Automotive Gear Position Sensor Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 4.5 |
| Market Size 2032 | USD Billion | 7.3 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.6% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 7.3% |
| CAGR 2024-2032 - Market by Country | India | 8.3% |
| CAGR 2024-2032 - Market by Country | China | 6.9% |
| CAGR 2024-2032 - Market by Application | Automatic Transmission | 6.3% |
| Market Share by Country 2023 | China | 29.8% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Automotive Gear Position Sensor Market Growth
The growth of the automotive gear position sensor market is due to the increasing demand for shift-by-wire technology that uses actuators for transmission, thus improving the efficiency and reducing the weight of the vehicles. APAC holds the largest market share in the market as a result of growing demand for automatic transmission in the region.
Automotive Gear Position Sensor Market Trends
The global automotive gear position sensor demand is being driven by the increasing need for automotive fuel effectiveness. The development in triple-clutch transmission system is aiding the growth of the industry. The growing acceptance of automatic transmission system is increasing the demand for automotive gear position sensors. The high preference of shift-by-wire devices over mechanical connection for transmission is further driving the growth of the industry. Asia Pacific region is leading the market due to rising demand for automatic transmission systems in the area.
Recent Developments
As per the automotive gear position sensor market dynamics and trends, Hero MotoCorp announced the launch of a Karizma XMR motorcycle in India in August 2023. This motorcycle is equipped with liquid-cooled 210 cc DOHC 4V engine and 25.5 PS of maximum power at 9250 rpm and 20.4 Nm torque at 7250 rpm.
Industry Outlook
According to European Automobile Manufacturers’ Association (ACEA), in 2022, global new car registrations reached 66.2 million units, matching 2021 figures. As per the automotive gear position sensor industry analysis, this recovery was supported by improved semiconductor supplies and a boost in sales during the final quarter of the year.
In Europe, passenger car registrations fell by 10.4% to 12.8 million units in 2022. The region continued to grapple with semiconductor shortages. Additionally, the ongoing conflict in Ukraine severely impacted the Eastern European market, with Ukraine and Russia experiencing sharp declines of 64.7% and 62.7%, respectively, which also hindered the growth of the automotive gear position sensor industry.
The production figures of passenger cars in various European countries from 2019 to 2022 reveal significant trends. Germany, the largest producer, experienced fluctuations but saw a notable 13.2% increase in 2022, reaching 3,336,116 units. Spain and the Czech Republic showed recovery with 6.5% and 8.7% growth, respectively. France and Romania demonstrated strong rebounds, with France increasing by 10.3% to 940,690 units and Romania by 20.6% to 507,269 units. Italy, Hungary, and Belgium also showed positive recovery trends, with respective increases of 6.5%, 6.0%, and 6.0% that can boost the automotive gear position sensor industry revenue. Sweden experienced a modest recovery with a 1.6% rise. Conversely, Slovakia struggled, with a slight decrease of 1.3% in 2022. These trends indicate a general recovery in Europe's automotive industry post-pandemic, with varying degrees of success among the countries, highlighting the resilience and challenges faced by the sector across the continent.
| 2023 Market Share by | Country |
| China | 29.8% |
| USA | XX% |
| Canada | XX% |
Factors Contributing to the Growth of the Global Market Globally
- Rise of electric and hybrid vehicles boosts market growth.
- Technological advancements improve sensor accuracy and reliability.
- Consumer demand for advanced vehicle features fuels automotive gear position sensor demand growth.
- Emerging markets witness rising demand due to industrialization and urbanization.
Challenges Faced by Manufacturers in the Global Market
- High development and production costs limit profitability.
- Intense competition from both established and new market players.
- Maintaining accuracy and reliability under extreme conditions is difficult and hinders automotive gear position sensor market opportunities.
- Fluctuating demand in the automotive industry affects production volumes.
- High level of customization for different vehicle models adds complexity.
Key Growth Opportunities in the Global Market
- Increasing automotive safety regulations boost sensor demand.
- Emerging markets provide expanding business prospects and boost automotive gear position sensor market value.
- Focus on fuel efficiency supports need for optimized sensors.
- Development of smart manufacturing drives demand for precise sensors.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Automotive Gear Position Sensor Industry Segmentations
The triple-clutch automatic transmission system is the critical trend in automotive gear position sensor market. This system uses a smart electronic control unit, sensor, advanced software and equipment to generate maximum efficiency from motors along with minimum wastage.
| CAGR 2024-2032 - Market by | Application |
| Automatic Transmission | 6.3% |
| Manual Transmission | XX% |
The automotive gear position sensor industry can be broadly categorised on the basis of its application into:
- Automatic Transmission
- Manual Transmission
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 7.3% |
| North America | 4.6% |
| Europe | XX% |
| Latin America | XX% |
| Middle East and Africa | XX% |
The EMR report looks into the regional markets of automotive gear position sensor like the North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
| CAGR 2024-2032 - Market by | Country |
| India | 8.3% |
| China | 6.9% |
| Canada | 5.3% |
| Australia | 4.9% |
| USA | 4.6% |
| UK | XX% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Japan | 4.3% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Competitive Landscape
The report presents a detailed analysis of the following key players in the global automotive gear position sensor industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- TE Connectivity Corp.
- ZF Friedrichshafen AG
- Honeywell International Inc.
- Infineon Technologies AG
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Automotive Gear Position Sensor Market Regional Analysis
The Asia Pacific region accounts for a major market share owing to the growth of the automotive sector in the region. Increased adoption of high-end vehicle technologies in the countries such as China and Japan also boost the demand of automotive gear position sensor market.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Automotive Gear Position Sensor Market Report Snapshots
Automotive Gear Position Sensor Market Size
Automotive Gear Position Sensor Market Growth
Automotive Gear Position Sensor Market Trends
Automotive Gear Position Sensor Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
The global automotive gear position sensor market is projected to grow at a CAGR of 5.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 7.3 billion by 2032.
The market is being driven by the increasing demand for safety and convenience in automobiles, the growing adoption of automatic transmission system, rising traffic concerns, and growing popularity of shift-by-wire technology.
Continuous technological advancements and the development of triple-clutch automatic transmission systems are the key trends guiding the growth of the market.
The major regional markets are North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
Automatic transmission and manual transmission are the leading application segments of automotive gear position sensor in the market.
The key players in the market are TE Connectivity Ltd., ZF Friedrichshafen AG, Honeywell International Inc., and Infineon Technologies AG, among others.
The market attained a value of USD 4.5 billion in 2023.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Locations
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124