Global Accelerator Pedal Module Market Is Likely to Experience a Tremendous Growth by 2028

The global accelerator pedal module market is expected to grow at a CAGR of 3.8% during the forecast period (2022-2028). The rising demand for fuel-efficient vehicles and strict emission regulations are some key factors driving the market growth. Manufacturers of automotive accelerator pedal modules will also benefit from the introduction of new technologies such as electric engines and autonomous driving. To meet this increased demand, some manufacturers have started developing products with enhanced features that leads to improved performance. In order to improve their research, development, and production activities, automotive accelerator pedal module manufacturers are increasingly adopting digital transformation methods and utilizing information technology.
A new automotive accelerator pedal module serves as an interface between the accelerator pedal and the engine control unit (ECU), sending signals corresponding to the amount of pressure applied through sensors in both parts of the component. They also perform functions such as sensing when someone exits or enters a vehicle, controlling vehicle speed during deceleration, preventing accidents caused by sudden acceleration, and so on. A floor-mounted pedal is a type of automobile accelerator pedal that is attached to the floor directly. These pedals are usually round, with a raised outer edge and an indented center. They frequently lack height adjustment and toe room for the driver's feet, though some vehicles have these features.

The older versions of these modules were mostly made of metal and covered in rubber, which made them heavy and increased the risk of corrosion. Owing to the strict government regulations requiring manufacturers to meet emission standards, manufacturers are now focusing on developing lightweight components for vehicles. Advances in material development technology have also led to the development of lightweight and cost-effective accelerator pedals made of polyamide 6. The world's largest automotive manufacturers are concentrated in developed regions such as North America and Europe, where they have access to more advanced equipment, strong R&D capabilities, and modern technical expertise. Furthermore, the growing use of sensor-based accelerators is expected to be a major driving factor for the market growth.

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Market Coverage

• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Material
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Robert Bosch GmbH, Denso Corp., and HELLA GmbH & Co. KGaA, among others.

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Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Accelerator Pedal Module Market Report by Segment

By Material
• Plastic
• Metal

By Type
• Floor Mounted Pedal
• Suspended Pedal
• Others

By Application
• Passenger Cars
• Commercial Vehicles

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Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.