Global Accelerator Pedal Module Market Overview:
According to the latest report by IMARC Group, titled “Accelerator Pedal Module Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global accelerator pedal module market reached a volume of 390 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 468 Million Units by 2027, exhibiting at a CAGR of 2.9% during 2022-2027.
The accelerator-pedal module (APM) consists of the accelerator pedal and an angular-position sensor that combines the pedal with a dual output sensor for a drive-by-wire application. These sensors are used to detect the amount of pedal depression and transfer the signal to the engine control unit (ECU). The accelerator pedal module was earlier made with heavy metals; however, manufacturers are now incorporating lightweight materials, such as plastics, to attain structural stability at a low weight. Also, with advancements in technology, automakers have replaced mechanical pedals with electronic accelerator pedals to improve fuel economy.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Accelerator Pedal Module Market Trends:
With the rising environmental concerns, governments across the globe are implementing stringent regulations and encouraging the manufacturing and adoption of eco-friendly automobiles. Owing to this, manufacturers are developing lightweight components such as accelerator pedal modules, which reduce the overall weight of vehicles and increase their operational efficiency. For instance, Robert Bosch GmbH, introduced a new, topology-optimized design of accelerator pedal that helps in reducing up to 25% of weight at the same stability as compared to the former models. Moreover, with access to more advanced equipment, intense research and development (R&D) capabilities and modern technical expertise, several automotive manufacturers are now producing accelerator pedal sensors that transmit the position of the accelerator pedal to the ECU. These sensors control the engine to reduce exhaust emissions without hampering the driving performance.
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Global Accelerator Pedal Module Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Keyplayers:
- Robert Bosch GmbH
- Denso Corporation
- ZF Friedrichshafen AG
- Hella KGaA Hueck & Co.
- United Automotive Electronic Systems Co. Ltd.
- F-TECH Inc.
- Aisan Industry Co. Ltd.
- Yorozu Corporation
- Pacific Industrial Co. Ltd.
- Mikuni Corporation
- Kyung Chang Industrial Co. Ltd.
- TT Electronics plc
- Alfmeier Praezision SE
- AIDA-America, Corp.
- AKITA KOGYO Co. Ltd.
- Bellsonica Corporation
- Chiyoda Corporation
- Chiyoda Kogyo Co. Ltd.
- Chiyoda Kogyo Co. Ltd.
- Hanya Seisakusho Co. Ltd.
- Kuroda Kagaku Co. Ltd.
Breakup by Pedal Material:
Market Breakup by Pedal Type:
- Floor Mounted
Breakup by Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
Market Breakup by End-User:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
- Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- The Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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