Global Automotive Rain Sensors Market is valued at USD 4.61 Billion in 2021 and expected to reach USD 8.49 Billion by 2028 with a CAGR of 6.71% over the forecast period.
Automotive rain sensors save the effort to regulate the wiper on the windshield, the driver, automatically switch on wipers, and sense the rain drops, to guarantee clear view via the windscreen. The developing automotive sector and rising requirement for driver comfort & safety in automobiles, with increasing acceptance of electrical systems has powered the requirement of sensors in automobiles. These are predicted to power the rain sensor demand during the coming period. Automotive rain sensors increase the ease and safety of the driver, as they do not need the driver to regulate the wiper on the windshield in order. Windshields of cars are fitted with the rain sensors to identify the wipers’ movement without blocking the driver’s view. Automotive rain sensors can manage the wipers’ wiping movement at flexible speed when the system is turned on.
Automotive sensor market can be divided by vehicle type and channel type. By channel types, the market can be segmented as aftermarket and original equipment manufacturer (OEM). By vehicle types, the market can be segmented as light commercial, passenger, and heavy commercial. The development of the automotive rain sensor market is majorly credited to their high applicability in the automotive sector, which is expected to carry on during the coming years. Rising requirement for luxury cars, with rise in disposable revenue, has created a huge growth scope of automotive rain sensors market all over the globe.
The major players included in the global automotive rain sensor market forecast are,
Rise in production of vehicles, technological advancement, and rise in requirement for luxury features are the major factors that power the automotive rain sensor market. Implementation of automotive rain sensors is driven by the rise in usage of advanced electrical features in vehicles. OEMs (original equipment manufacturers) are adding the rain sensing wiper tech in vehicles owing to rising requirement. Earlier, automotive rain sensors were a supplementary comfort feature. On the other hand, their requirement has elevated owing to the increase in the number of road accidents, all over the world. The overall price of vehicles has elevated owing to the adding of enhanced electrical feature, which acts as a limiting factor of the automotive rain sensor market. Presently, automotive rain sensors market is in the development stage. This is owing to the rising concerns of the security of vehicles over the coming years. The development is majorly credited to their high applicability in the automotive sector, which is expected to carry on during the coming years. Rising requirement for luxury cars, with rise in disposable revenue, has created a huge growth scope of automotive rain sensors market all over the globe.
In terms of geography, the automotive rain sensor market can be divided into Europe, North America, Middle East & Africa (MEA), Asia Pacific, and Latin America. North America is the dominant automotive rain sensors market, after Asia Pacific and Europe. These three areas are technically advanced. This coupled paired with increase in disposable revenue is powering the automotive rain sensor market in these areas. Latin America and MEA are developing nations; these regions have not undergone much technical innovations. Moreover, the per capita revenue of the people in Latin America and MEA is not high.
Report Analysis | Details |
---|---|
Historical data | 2018 - 2021 |
Forecast Period | 2021 - 2028 |
Market Size in 2021: | USD 4.61 Billion |
Base year considered | 2020 |
Forecast Period CAGR %: | 6.71% |
Market Size Expected in 2028: | USD 8.49 Billion |
Tables, Charts & Figures: | 175 |
Pages | 300 |
key players / Manufacturers | Denso Corporation, Hella KGaA Hueck & Co., Robert Bosch GmbH, Pacific Industrial Co. Ltd, TRW Automotive, Valeo S.A., Vishay Intertechnology, Mitsubishi Motors Corporation, Melexis Microelectronic Systems, Hamamatsu Photonics K.K, The Kostal Group |
Segments Covered | By Vehicle Type |
Regional Analysis | North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa |
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