Automotive Rain Sensors Market: 2018 Global Industry Size, Trends, Emerging Technologies, Share, Key Players, And Growth Forecast To 2023

“Automotive Rain Sensors Market”
Automotive Rain Sensors Market is growing at 6% growth rate by forecast period of 2018 To 2023. Global Automotive Rain Sensors Market segmented by Channel Type (Original Equipment Manufacturer (OEM) and Aftermarket), By Vehicle Type and By Region. North America is projected to be the largest market for automotive rain sensors market, followed by Europe and Asia Pacific. Germany leads the European market and China and Japan leads the Asia Pacific market.

Key Automotive Rain Sensors Companies analyzed in report 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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Automotive Rain Sensors Market Highlights:

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 key players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the global automotive rain sensors market were those of mergers & acquisition, followed by expansion. Mergers & Acquisitions are the key strategies adopted by the players to achieve operational efficiencies and increase the number of offerings to the customer. Expansion is also a major strategy adopted by the major players in the global Automotive Rain Sensors Market to increase the geographical presence of the company and to widen the product offering.

Industry News:

Mitsubishi Motors Corporation has introduced rain-light sensors which support the field of vision of the driver by detecting the amount of rain and the amount of light and functioning automatically.

Jan, 2018- Tesla announced with the typical Tesla fanfare software updates for some of its vehicles which include a windshield-wiper setting with rain-detecting capabilities. While many vehicles on the road today have rain-sensing windshield wipers as a standard or optional feature, Tesla had thus far avoided it. The automatic wipers are currently in beta testing.

Dec 2017- Elon Musk promises rain-sensing wipers in Tesla pickup truck. Tesla promised the release of smaller software-based improvements, like rain-sensing windshield wipers (a function that has been on the back burner for some time).

Automotive Rain Sensors Market Regional Analysis:

In North America, the current market for this product is small as compared with the European market. In North America, the product will trickle down from the luxury car segment to the common family vehicle segment as the technology improves and the product becomes better known, thereby driving the growth of the market. The aftermarket for automotive rain sensors is also gaining traction in the North America region.

The Asia Pacific region is expected to grow in the automotive rain sensors market owing to the rapid technological advancements and the rise in the disposable income of the people in the region. Increasing disposable income and launches of new car models by original equipment manufacturers is also contributing towards the growth of the market. The nations such as China and India account for a major chunk of the global vehicle production.

Major Table of Content:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Researchs

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Automotive Rain Sensors Market, By Channel Type

4.1 Introduction

4.2 Original Equipment Manufacturer (OEM)

4.3 Aftermarket

5 Global Automotive Rain Sensors Market, By Vehicle Type

5.1 Introduction

5.2 Passenger

5.3 Light Commercial

5.3 Heavy Commercial

Continued…

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