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Technological advancements have enabled manufacturers to adopt electronic brake systems over mechanical systems in all their vehicles. The electronic brake systems in these vehicles detects the position of pedal and sends the electric signals to the engine control unit with the help of position sensors. Technavio's market research report identifies that the increased use of electronic braking systems in vehicles will be one of the primary growth drivers for the global automotive brake pedal position sensor market till 2021. The preference for electronic braking systems will continue to increase because they are fast and cheap. In addition, they prevent failure of brakes by avoiding the generation of excess heat. The equipment of commercial vehicles and passenger cars with sensor-based brakes will enhance the fuel efficiency. Technavio's market research analysts predict that this market will grow at a CAGR of more than 9% by 2021.
The integration of inductive position sensors in various industries, such as automotive, medical, and consumer applications helps in the detection of linear and rotary motion. This sensor detects the target such as brake pedal by using the principle of eddy current and induction in a wire loop. This non-contracting technology is identified as one of the key trends that will gain traction in the automotive brake pedal position sensor market throughout the projected period. The popularity of this technology will increase in the coming years due to the rising demand for high performance in heavy-duty, off-road, and motorsports vehicles.
The automotive brake pedal position sensor market is fragmented and characterized by the presence of established manufacturers and a significant number of small and medium-sized manufacturers. The regional players of the brake pedal sensor market are finding it difficult to compete against the international market players in terms of quality, price, and safety.
Key vendors in this market are -
Other prominent vendors in the market include AIM Tech, Duralast Products, ACDelco, Gill Sensors & Controls, Pepperl+Fuchs, and Standex-Meder Electronics.
A large number of manufacturers are equipping their passenger cars with automotive brake pedal position sensor due to the enforcement of safety regulations. The automotive brake pedal position sensor market will witness growth in the passenger cars segment due to the demand for automotive brake pedal position sensors with the rising sales volume of luxury vehicles.
The sales volume of passenger cars in the Americas is significantly improving since the recovery of the automotive industry from economic crisis. The rising preference for sophisticated systems at a lower price and the changing consumers' pattern for buying cars will encourage automotive manufacturers to develop vehicles with better features. The rising electrification in vehicles and growth in the light commercial vehicle (LCV) market will drive the brake pedal sensor market's growth.
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Our forthcoming research report on the automotive brake pedal position sensor market focuses on the key drivers, trends, challenges for multiple segments across the globe. Our industry experts believe that the ability of automotive brake padel position sensors to reduce fuel consumption at start stop conditions may influence the growth of the market in the coming years. To gain insights into the dynamically changing competitive landscape, this report covers vendors such as AiM Tech, ?Continental, Bosch, and TE Connectivity.
To help clients explore opportunities and expand in niche markets, this report on the automotive brake pedal position sensor market also covers geographies like the Americas, APAC, and EMEA. Furthermore, our research practices help clients develop effective growth strategies and keep pace with the continually changing market landscape. This market study offers a comprehensive analysis of various automotive electronics based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.
The forthcoming industry research report for the automotive brake pedal position sensor market also categorizes the major drivers, rising trends, coupled with the imminent restraints that the automotive electronics sector currently experiences. This upcoming report on the automotive brake pedal position sensor market presents insights into the rapidly changing competitive landscape to give a complete outlook of the forthcoming events within the automotive industry. Technavio also presents detailed market assessments into the sectors such as automotive services and automotive components.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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