Future of Automotive Rain Sensor Market During 2018-23

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Automotive Rain Sensor Market worth 4.15 Billion
USD by 2020
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Automotive Rain Sensor Market - Trends and
Forecast to 2020 The automotive rain sensor
market, in terms of value, is projected to grow
at a CAGR of 6.05 from 2015 to 2020, to reach a
market size of USD 4.15 Billion by 2020. This
growth can be attributed to factors such as the
increasing demand for better comfort features,
increasing awareness regarding driver safety, and
technological advances. PDF Brochure _at_
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LCV Segment Promising market for automotive
rain sensors The report segments the automotive
rain sensor market on the basis of vehicle type
into Passenger Car (PC), Light Commercial Vehicle
(LCV), and Heavy Commercial Vehicle (HCV).
Passenger Cars are one of the largest
contributors to the automotive rain sensor
market. However, the LCV segment shows promising
growth opportunities in automotive applications
due to the increasing vehicle production in
regions such as North America. Earlier, rain
sensors, used in rain sensing wiper systems, were
only incorporated in luxury cars. The system was
just an additional comfort feature initially but
the growing demand for convenience has forced the
OEMs to equip their vehicles with rain sensing
wiper systems.
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Europe is estimated to occupy the largest share
in the automotive rain sensor market in 2015. The
passenger car segment is estimated to dominate
the market in 2015, followed by Light Commercial
Vehicles (LCV). The increasing demand for comfort
and safety creates promising growth opportunities
for rain sensing wiper systems, which use
automotive rain sensors, and would consequently
boost the demand for the same. Automotive rain
sensors have no direct substitutes which is a
positive for the manufacturers. The market is
dominated by manufacturers who possess advanced
technological capabilities. RequestSample_at_
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Europe One of the major markets for automotive
rain sensors The report segments the European
region into Germany, France, U.K. and other
countries. With the advancement in technology,
vehicle electrification has increased, which has
thus increased the use of sensors in vehicles.
Germany is expected to hold the largest share in
the European automotive rain sensor market. In
2014, Germany ranked number one in terms of
production and sales of automotive vehicles in
the European region as the region produced 5.6
million passenger cars and more than 303,500
trucks and buses. Also, the German OEM market
share in Western Europe was more than 51 per cent
in 2014.
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Browse gtgt 64 market data
tables 49 figures
119 pages and in-depth TOC on Automotive Rain
Sensor Market - Trends and Forecast to
2020 Early buyers will receive 10
customization on this report. This is a Premium
Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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