LONDON–(BUSINESS WIRE)–The global automotive brake pedal position sensor market is expected to grow at a CAGR of more than 9% during the period 2017-2021, according to a new market research study by Technavio.
The report categorizes the global automotive brake pedal position sensor market by application, including passenger vehicle and commercial vehicle. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, EMEA, and the Americas.
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Market driver: regenerative braking functions measuring the position of brake pedal using PLCD sensor technology
When a vehicle slows down with the help of brakes, the kinetic energy mostly dissipates in the form of heat and becomes useless. The vehicle's kinetic energy is captured using regenerative braking system which is later converted into electricity to charge the vehicle's batteries. In traditional braking systems, brake pads generate friction with the brake motors to stop or slow the vehicle. In the case of regenerative braking systems, when the driver depresses the brake pedal of a vehicle, hybrid or electric, the brakes put the vehicle's electric motor into reverse mode and thus apply the brakes to slow the vehicle down. The motor acts as an electric generator, which stores the electricity generated into the vehicle's batteries. Friction brakes are used as a back-up for situations when the regenerative brake systems do not supply enough stopping power in hybrid vehicles.
According to Amey Vikram, a lead analyst at Technavio for automotive electronics, “Fluctuating oil prices, growing environmental concerns, low running cost of vehicles and performance benefits have increased the demand for electric vehicles in the global automotive market. The growing demand in the emerging economies, such as China and India, is fueling the use of electric vehicles. Government agencies like the US Environmental Protection Agency are offering incentives to automobile manufacturers to produce low-emission vehicles. Thus, the increasing number of electric vehicles and hybrid vehicles with regenerative braking systems equipped with automotive brake pedal position sensors will positively impact the growth of the market.”
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Market trend: inductive position sensor IC
Inductive position sensors are used to detect the linear and rotary motion in various industries, such as automotive, medical, and consumer applications. The sensor uses the principle of eddy current and induction in a wire loop to sense and detect the target, which slides or rotates, in this case, brake pedal. The current demand to attain high performance in heavy-duty, off-road, and motorsports vehicles is boosting the non-contacting technologies due to less wear and tear. It is also being chosen by the vehicle designers and OEMs.
Market challenge: increasing cost pressure faced by OEMs
The competitive market has compelled OEMs to bear the increase in the vehicle cost, and they cannot pass such costs to the end-consumers. Environment and safety standards are forcing OEMs to find ways to comply with regulations, while not transmitting the additional costs to the consumer. Emission control will also increase the cost of the vehicle. For instance, according to the National Automobile Dealers Association, the US CAFE standards may hike the manufacturing cost of a vehicle by USD 1,000. Such immense cost pressures are challenging OEMs to introduce advanced features of high-end car segment to the low-end and mid-end cars without hiking sticker prices.
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Key vendors in the market
- Infineon Technologies
- TE Connectivity
The global automotive brake pedal position sensor market includes many established manufacturers and a significant number of small- and medium-sized manufacturers. The market is also fragmented and is distinguished by the presence of global and regional vendors. As the global players are expanding their footprint in terms of quality, price, and safety, the regional players are finding it difficult to compete with the global players.
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