Electronic Shift-by-Wire Shifter Market was valued at USD 1.7 Billion in 2022 and is projected to reach USD 5.9 Billion by 2030, growing at a CAGR of 17.5% from 2024 to 2030.
The electronic shift-by-wire shifter market has witnessed significant changes from 2018 to 2022, driven by the increasing adoption of advanced technologies in the automotive industry. This shift, moving away from traditional mechanical linkages to electronic control systems, has been heavily influenced by the growing demand for enhanced driver experiences and the shift toward electric vehicles (EVs). In the past five years, the demand for electronic shift-by-wire shifters has grown steadily, owing to their ability to offer smoother gear transitions, increased reliability, and better integration with autonomous driving technologies.
The electronic shift-by-wire technology eliminates the need for physical cables and mechanical linkages, providing a more flexible and space-efficient solution. During the 2018-2022 period, the market was dominated by premium and luxury car manufacturers, who recognized the value of incorporating this technology into their vehicles to enhance both aesthetics and functionality. These systems are also lighter and more durable, contributing to the overall efficiency of the vehicle. Key players in the market during this period, such as ZF Friedrichshafen, Continental, and Valeo, were heavily involved in driving innovation and meeting the evolving needs of the automotive sector.
Looking ahead to 2023-2033, the electronic shift-by-wire shifter market is expected to see exponential growth. Factors such as the rising demand for electric vehicles, stringent emission regulations, and advancements in autonomous driving technology are predicted to further fuel this growth. By 2033, the global market for electronic shift-by-wire systems is projected to expand at a compound annual growth rate (CAGR) of over 14%, with a considerable increase in demand from both electric and hybrid vehicles. Notably, car manufacturers are increasingly adopting shift-by-wire systems to offer sleek interior designs, more intuitive interfaces, and improved performance.
The growing trend towards connected and smart vehicles is expected to further propel market expansion. The integration of artificial intelligence and advanced sensors will enable more responsive and efficient electronic shift-by-wire systems. Additionally, regional markets such as Asia-Pacific, driven by the rapid growth of the EV sector in countries like China and Japan, will be key contributors to the market’s future growth.
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ZF Friedrichshafen AG
Kongsberg Automotive Holding ASA
Ficosa Internacional SA
Tokai Rika
GHSP
KOSTAL Group
Eissmann Group Automotive
Küster Holding GmbH
Sila Group
Curtiss-Wright
ATSUMITEC CO.LTD
NanJing AoLian AE&EA Co.
Ltd.
Ningbo Depulong Automobile System Co.
Ltd.
Ningbo Gaofa Automotive Control System Co. Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electronic Shift-by-Wire Shifter Market
Oil-fueled Vehicles
Hybrid Electric Vehicle
Electric Vehicle
Based on Types the Market is categorized into Below types that held the largest Electronic Shift-by-Wire Shifter market share In 2023.
Joystick Shifter
Rotary Shifter
Button Shifter
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electronic Shift-by-Wire Shifter Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electronic Shift-by-Wire Shifter Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electronic Shift-by-Wire Shifter Market, By Type
6. Global Electronic Shift-by-Wire Shifter Market, By Application
7. Global Electronic Shift-by-Wire Shifter Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electronic Shift-by-Wire Shifter Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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