Automotive Accelerator Pedal Module Market 2022: Worldwide Industry Analysis of Development, Revenue and Gross Margin by 2032

Automotive

Global Automotive Accelerator Pedal Module Market: Introduction

Over the past few years, the automotive industry across the globe has significantly suffered to meet stringent emission standards. With rising awareness, governments across the world are forcing automakers and component manufacturers to step towards ecofriendly automobiles. This has led to an increase in the adoption of lightweight components, which reduce the overall weight of vehicles and increase efficiency. Thus, manufacturers are focused on developing lightweight components such as accelerator pedal modules. The accelerator pedal module is a component that uses sensors to detect the amount of pedal depression and transfer the signal to engine ECU. The ECU reflects the driver’s intention to accelerate the vehicle. The module accurately controls the engine to reduce exhaust emissions without sacrificing the driving performance.

Automotive accelerator pedal modules are available in two different types, suspended pedals and floor mounted pedals.

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Global Automotive Accelerator Pedal Module Market: Dynamics

Drivers:

The increasing use of sensor-based accelerators is expected to be a major driving factor for the growth of the automotive accelerator module market during the forecast period. Moreover, the increasing demand for accelerator pedal modules from passenger and commercial vehicle OEMs is also anticipated to give traction to the growth of automotive accelerator pedal module market over the forecast period. The growth of the automotive industry will further add to the growth of market in the near future. Increasing focus on emission standards will force automakers to invest more in R&D to develop products that meet stringent emission standards. These factors are expected to drive the growth of the accelerator pedal module market over the forecast period

Restraints:

Complex design and functional issues are expected to hamper the growth of the automotive accelerator pedal module market over the forecast period.

Trends:

The shift towards lightweight materials is anticipated to be a latest trend gaining momentum in the automotive accelerator pedal module market over the forecast period. Lightweight materials reduce the overall weight of vehicles, thereby increasing efficiency.

Global Automotive Accelerator Pedal Module Market: Key Participants

Examples of some of the market participants identified across the value chain of the global automotive accelerator pedal module market include:

  • KSR International Co.
  • CTS Corporation
  • Robert Bosch GmbH
  • Denso Corporation
  • ComeSys Ltd.
  • HELLA GmbH & Co. KGaA
  • Donghee
  • Rotary Electronics
  • Magna International
  • Mikuni Corporation
  • F-Tech Inc.

Global Automotive Accelerator Pedal Module Market: Segmentation

The global automotive accelerator pedal module market can be segmented on the basis of product type, vehicle type and sales channel.

By product type, the global automotive accelerator pedal module market can be segmented into:

  • Suspended Pedals
  • Floor Mounted Pedals

By vehicle type, the global automotive accelerator pedal module market can be segmented into:

  • Passenger Cars
    • Compact
    • Mid-sized
    • Premium
    • Luxury
  • Commercial Vehicles
    • LCV (Light Commercial Vehicle)
    • HCV (Heavy Commercial Vehicle)

By sales channel, the global automotive accelerator pedal module market can be segmented into:

  • OEM (Original Equipment Manufacturers)
  • Aftermarket

 

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