(MENAFNEditorial) Market Research Future published a research report on 'Global Automotive Rain Sensors Market Research Report- Forecast 2023' – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Global Automotive Rain Sensors Market Report by Channel Type (Original Equipment Manufacturer (OEM) and Aftermarket), By Vehicle Type (Passenger, Light Commercial and Heavy Commercial) and By Region - Global Forecast to 2023
Market Scenario
Global has witnessed gradual growth in recent years and is expected to witness steady growth in the forecast period. Automotive rain sensors save the driver, the effort to adjust the wiper on the windshield, sense the rain drops, and automatically switch on wipers, to ensure clear view through the windscreen. The growing automotive industry and increasing demand for driver safety & comfort in automobiles, with growing adoption of electrical systems has fueled the demand of sensors in automobiles. These are expected to drive the rain sensor market during the forecast period.
Global automotive rain sensors market augment the safety and ease of the driver, as they do not require the driver to adjust the wiper on the windshield in order. Windshields of vehicles are equipped with the rain sensors to detect the movement of wipers without blocking the view of the driver. Automotive rain sensors can control the wiping movement of the wipers at flexible speed when the system is switched on. Improvement in the technological advancement, rise in production of vehicles, and increase in demand for luxury features are the key factors that drive the automotive rain sensor market. Implementation of automotive rain sensors is driven by the rise in usage of advanced electrical features in vehicles. Original equipment manufacturers (OEM) are incorporating the rain sensing wiper technology in vehicles due to increasing demand. Previously, automotive rain sensors were a supplementary comfort feature. However, their demand has increased due to the rise in the number of road accidents, across the world. The overall cost of vehicles has increased due to the integration of advanced electrical feature, which acts as a restraint to the automotive rain sensor market.
The global automotive rain sensors market is expected to grow at ~ 6% CAGR during the forecast period.
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Global Automotive Rain Sensors Market
Automotive sensor market can be segmented based on the channel type and vehicle type. Based on channel types, the market can be divided as original equipment manufacturer (OEM), and aftermarket. Based on the vehicle types, the market can be divided as passenger, light commercial, and heavy commercial. Currently, Automotive Rain Sensors market is in the growth stage. This is due to the increasing concerns of the safety of vehicles over the forecast years. The growth is primarily attributed to their high applicability in the automotive industry, which is likely to continue during the forecast years. Increasing demand for luxury vehicles, with increase in disposable income has created a huge scope for the growth of automotive rain sensors market across the globe. The North America region is currently the leading region in automotive rain sensors market, and is expected to hold a larger share during the forecast period, and is followed by Europe and Asia Pacific.
Key Players
The key players of global automotive rain sensors market are Hella KGaA Hueck & Co. (Germany), Denso Corporation (Japan), Pacific Industrial Co. Ltd (Japan), Robert Bosch GmbH (Germany), Valeo S.A. (France), TRW Automotive (U.S), Mitsubishi Motors Corporation (Japan), Vishay Intertechnology (U.S), Hamamatsu Photonics K.K. (Japan), Melexis Microelectronic Systems (Belgium) and The Kostal Group (Germany).
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Scope of the Report:
This study provides an overview of the global automotive rain sensors market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Automotive Rain Sensors market by its channel type, by vehicle type and by region.
By Channel Type
- Original Equipment Manufacturer (OEM)
- Aftermarket
By Vehicle Type
- Passenger
- Light Commercial
- Heavy Commercial
By Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
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