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: Regional Outlook
Asia Pacific and North America are expected to witness significant growth in the automotive accelerator pedal module market due to estimated growth in the automotive sector in emerging economics, such as the U.S., China and India over the forecast period. Germany is expected to be the leading automotive and automobile market in Western Europe. Hence, the region is estimated to grow with a substantial CAGR during the forecast period, owing to the high demand for automotive accelerator pedal modules in the growing automotive sector in the region. Latin America, in particular, is projected to upkeep the growth of the accelerator pedal module market due to the growing usage of automotive parking heaters in passenger cars and commercial vehicles in the region. Japan is expected to support the growth of the automotive accelerator pedal module market over the forecast period, owing to the increasing number of automotive manufacturers in this region. The MEA region is expected to witness relatively slow market growth as the region accounts for limited new vehicle production.
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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
- Rotary Electronics
- Magna International
- Mikuni Corporation
- F-Tech Inc.
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