TechNavio recognizes the following companies as the key players in the Global Accelerator Pedal Model Market: CTS Corp., Denso Corp., Hella Kgaa Hueck & Co., KSR International Co., Magna International Inc., Mikuni Corp., and Robert Bosch GmbH.
Commenting on the report, an analyst from TechNavio’s team said: “The increasing demand for sensor-based accelerator pedal modules is one of the major trends in the Global Accelerator Pedal Module market. The sensor in the pedal module indicates the position of the accelerator, which further facilitates the integration of various other features such as auto cruise on the vehicle with electronic throttle control. In addition, stringent emissions norms, such as Euro VI norms, tightening of fuel economy standards, and increasing need to improve passenger safety, are expected to propel the demand for sensor-based pedal modules, thus, leading to the growth of the Global Accelerator Pedal Module market.”
According to the report, the demand for automobiles directly influences the demand for pedal modules. The continuously increasing demand for automobiles across the globe, and especially for passenger vehicles, is driving the demand for accelerator pedal modules.
Further, the report states that one of the main challenges in the market is the increase in demand uncertainty due to the recent sovereign debt crisis in Europe. This is expected to have a negative impact on the Global Accelerator Pedal Module market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-accelerator-pedal-model-market-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Accelerator Pedal Model Market 2012-2016
