Automotive Electronic Throttle Market - Forecast(2023 - 2028)

The Global market for automotive electronic throttle is forecast to reach $134.65 million by 2025, growing at a CAGR of 4.84% from 2020 to 2025. The market growth is attributed to the benefits of the automotive electronic throttle including reduced weight, better control, better fuel economy, environment friendly, extra safety features and others. Moreover, technological advancements accompanied by integration of electronics equipment such as automatic high-beam control, backup cameras, GPS vehicle tracking, vehicle-to-vehicle communication, cars-as-a-service in automotive vertical for better customer experience is further enhancing the market growth.

The report: “Automotive electronic throttle Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the automotive electronic throttle market. 

By Control components - Accelerator pedal module, Throttle valve, Powertrain or engine control module (PCM or ECM), Others.

By Sensor type - Resistive Sensor Type, Magnetic Sensor Type, Inductive Sensor Type, Others.

By Application - Commercial vehicles, Light commercial vehicle, Heavy commercial vehicle, Passenger vehicles, Off-highway vehicle, construction & mining equipment, Agriculture tractors, Forklifts, Others

By Geography - North America, South America, Europe, APAC, RoW.

Automotive electronic throttles is segmented into accelerator pedal module, throttle valve, powertrain or engine control module (PCM or ECM) and others on the basis of control components.  Powertrain or engine control module (PCM or ECM) held the highest market share of automotive electronic throttle in 2019. Moreover, it is anticipated to witness the significant market growth during the forecast period 2020-2025.The market growth is mainly attributed to the growing demand for automatic transmission across the globe due to its benefits including fuel efficiency, reduced carbon emission, and driving comfort. In May 2017, Pleasure craft Engine Group entered into a partnership with Stowe Technologies for the development of a dynamometer laboratory at Pleasure craft World Headquarters in South Carolina.  The new dynamometer lab provides engineers a more developed platform for designing, developing, and validating new engines through latest technology for validation and testing of engine. 

Inductive sensor type segment held the highest market share for automotive electronic throttle market in 2019. Moreover, this segment is forecasted to mark the significant growth during the forecast period 2020-2025 owing to its growing application in automotive and industrial machinery for non-contact detection of metal artefacts. Furthermore in comparison to other sensors inductive sensor are reliable, accurate, compact, has easy calibration, low temperature drift, good resolution, and others thereby boosting the market growth. In December 2019, AMS launched inductive Position Sensor AS5715 for high speed motors in order to have smaller and lighter motor structure which benefits the vehicles to have smoother operations.

North America held the highest market share of the automotive electronic throttle market in 2019. This is due to the high demand for electric passenger vehicles and commercial vehicles in this region for reducing vehicle emissions thereby contributing towards the safeguard of the environment. Moreover automotive electronic throttle market in APAC is expected to grow at highest rate during the forecast period owing to the various factors such as growing industrialization and substantial investments in infrastructure that boosts the demand of passenger and commercial vehicles thereby enhancing the growth of automotive electronic throttle market. Furthermore, increasing adoption of vehicles driven by environmentally friendly fuel alternatives and increasing investment in research and development of vehicle electrification-related systems tends to foster the market growth. In January 2020, an investment of US $110 million was made by Hyundai Motor Company and Kia Motors Corporation in a partnership with Arrival limited for the development of electric commercial vehicles. Thus such investments and partnerships enhance the market growth. Additionally, strict government regulations on carbon emissions and initiatives for the usage of electrical systems would have a direct effect on business development in the years ahead.

Automotive electronic throttle is the innovation of automotive industry for adding benefits to the environment. With the automotive electronic throttle carbon emissions gets reduced thereby protecting the environment. In August 2019, 10 e-Cars were launched as a pilot project for use of Army officials in New Delhi to ensure economy, efficiency and minimal emissions.

Automotive electronic throttle operates in aggregation with several electronic vehicle safety systems. With the deployment of this technology, safety features such as blind spot warning, adaptive cruise control, electronic stability control and lane assist are made possible. These features were lacked by a mechanical throttle-controlled engine.

Automotive electronic throttle is controlled electronically thus it is susceptible to hacking. Overriding the control system and turning it off is possible by anyone with a wireless or wired connection. Engine’s performance could be disrupted and can lead to diminishing of driving ability. This is the reason due to which mechanical throttle coupling is preferred by some people so that it couldn’t be hacked.

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the automotive electronic throttle market. Automotive electronic throttle driver market is expected to be dominated by major companies such as Magneti Marelli S. p. A., Delphi Automotive PLC, Robert Bosch GmbH, Continental AG, Denso Corporation, Jenvey Dynamics Limited, Hitachi Automotive Systems Ltd., Pacco Industrial Corporation and among others.