Base Year
Historical Year
Forecast Year
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% |
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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.
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.
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.
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% |
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“Automotive Gear Position Sensor Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
Market Breakup by Region
| CAGR 2024-2032 - Market by | Application |
| Automatic Transmission | 6.3% |
| Manual Transmission | XX% |
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 7.3% |
| North America | 4.6% |
| Europe | XX% |
| Latin America | XX% |
| Middle East and Africa | XX% |
| 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% |
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:
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.
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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.
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.*
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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.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| 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:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
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.
+63-287-899-028, +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
+84-865-399-124
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