Global Accelerator Pedal Sensor Market Overview:
The accelerator pedal sensor is known as the sensor which transmits the position of the accelerator pedal to the engine control unit. Based on this type of information, the load requested by the driver can be implemented immediately. Accelerator pedal sensor comprises a stator which basically includes an excitation coil, receiver coils, and an electronic evaluation unit and a rotor which is formed of one or more closed conductive loops with a certain geometry. When it comes to an automotive application, a non-contact sensor based on an inductive principle is been increasingly used Some of the key players profiled in the study are Continental (Germany), Denso (Japan), Alps Electric (Japan), Hyundai Kefico (Korea), Mikuni (Japan), TT Electronics (UK), Motonic (Korea), Nikki (Japan), Kimura (Japan), Osaka Vacuum Chemical (Japan) and Transtron (Japan).
On the basis of geography, the market of Accelerator Pedal Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Growing automotive industry, especially in the developing regions
- Changing focus of the automotive industry towards technological trends including electrification of mechanical components and autonomous driving
- Various emission norms and stringent regulations led by the government
- Growing demand for automation coupled with continuous developments in the electronic sensor applications in automobiles
- The high cost associated with the raw materials and changing technology
Major Market Developments:
Technology company Continental announced the successful completion of the acquisition of Kathrein Automotive GmbH after antitrust authorities officially cleared the transaction. Incorporating the automotive division of Rosenheim-based antenna and satellite technology manufacturer Kathrein is a move that will give Continental an important key segment to add to its wealth of expertise
The technology company Continental has launched a new universal service tool for tire pressure monitoring systems (TPMS). With the VDO TPMS Go device, workshops cannot only program all common universal sensors for cars but also read out nearly every TPMS sensor on the market
Industry Investors, Accelerator Pedal Sensor Providers/Vendors, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Research Institutes, Original Equipment Manufacturer, Component Supplier, Distributors, Government Body & Associations and End-user
Major Objectives Focused through this Study
To define, describe, and forecast the Global Accelerator Pedal Sensor market on the basis of product [Resistive, Magnetic and Inductive] , application [Passenger Cars and Commercial Vehicles], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Accelerator Pedal Sensor market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Accelerator Pedal Sensor industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Accelerator Pedal Sensor market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.