Brake Pedal Force Sensor Market Insights Video

According to Cognitive Market Research, the global Brake Pedal Force Sensor market size was USD 245.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.90% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 98.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 73.68 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 56.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 12.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 4.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.6% from 2024 to 2031.
• The aftermarket is expected to be the fastest-growing segment in the Brake Pedal Force Sensor market