Global Automotive Rain Sensor Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Automotive Rain Sensor Market: Overview
“The global Automotive Rain Sensor market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
An automotive rain sensor activates the occurrence of rainfall. It automatically switches on wipers, sensing a water splash on the windshield. Automotive rain sensor helps with driver’s safety and comfort, as the driver does not require to adjust or switch on the wipers while driving a vehicle.
Rain sensors also prevent wipers from blocking the view of the driver through the windscreen, as it also detects the movement of the wipers placed in a vehicle. Rain sensor operates on the principle of total internal reflection.
The sensor beam system continuously works and transmits infrared light in the direction of the windshield at an angle of forty-five degrees. When a windshield is wet, less light is reflected back to the sensor, and wipers get switched on.
Global Automotive Rain Sensor Market: Dynamics
Growing demand for safety features in vehicles that can provide safety and comfort to the driver is a key factor driving the growth of the global automotive rain sensor market. In addition, increasing the adoption of electrical systems to improve efficiency in automobiles is another factor supporting the growth of the global market.
Increasing demand for regular vehicles, as well as luxury vehicles in developing and developed economies, is a factor propelling the growth of the target market.
Moreover, increasing R&D activities for technological advancements in the automotive sector are some of the other factors expected to boost the growth of the global automotive rain sensor market in the near future.
However, the use of automotive rain sensors increases the overall cost of the vehicle which may hamper demand and restrain the growth of the global automotive rain sensor market. Nevertheless, manufacturing automotive sensors an affordable cost can create high revenue opportunities for the growth of the target market over the forecast period.
Global Automotive Rain Sensor Market: Segment Analysis
As per the vehicle type, the passenger cars segment accounts for a major share in terms of revenue in the global market and is anticipated to maintain its position over the forecast period.
The light commercial vehicle segment is expected to register a high growth rate in terms of revenue in the near future. Increasing commercial vehicle production in developed countries is a factor anticipated to support the growth of the segment in the target market.
Global Automotive Rain Sensor Market: Regional Analysis
Currently, North America accounts for a major share in terms of revenue and is expected to maintain its position in the global market over the forecast period, followed by Europe.
The presence of prominent players and the high adoption of advanced technology are major factors fueling the growth of the target market in countries in the region. In addition, the adoption, of vehicle electrification in the automotive sector is another factor driving the growth of the automotive rain sensor market in Europe.
Market in the Asia Pacific is expected to account for lucrative growth in terms of revenue over the forecast period, owing to the increasing number of automotive manufacturing companies in countries in the region.
Global Automotive Rain Sensor Market Segmentation:
Segmentation by Vehicle Type:
- Light Commercial Vehicle
- High Commercial Vehicle
- Passenger Cars
Segmentation by Channel Type:
- Original Equipment Manufacturer (OEM)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- HELLA GmbH & Co. KGaA
- Robert Bosch GmbH
- DENSO Corporation
- Mitsubishi Motors Corporation
- ZF Friedrichshafen AG (TRW)
- Valeo SA
- Hamamatsu Photonics K.K.
- Vishay Intertechnology, Inc.
- The KOSTAL Group
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