Automotive Rain Sensor Market Size & Share, by Sales Channel {Original Equipment Manufacturer (OEM), Aftermarket}; Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

Global Automotive Rain Sensor Market Size, Forecast, and Trend Highlights Over 2023 - 2033

The global automotive rain sensor market is estimated to garner a revenue of ~USD 11 billion by the end of 2033 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 5 billion in the year 2022. The growth of the market can primarily be attributed to the rising technological advancements in vehicles as well as growing installations of radar technology in automobiles worldwide. For instance, it was found that more than 50% of new cars are shipped with one or more radars in 2021, while it is expected that all new vehicles will come with multiple radars by 2042.

Get more information on this report:Download Sample PDF

Automotive rain sensors detect rain falling on the windshield of a vehicle. Usually, rain sensor implementations employ infrared light and software. The light is beamed at a 45-degree angle onto the windshield from inside the car and if the glass is wet, less light makes it back to the sensor. Next, the software in a rain-sensing system turns on the wipers when the amount of light reflected onto the sensor decreases to a preset level, setting the speed of the wipers based on how fast the moisture builds up between wipes. The system adjusts the speed as often as necessary and may operate the wipers at any speed as often as necessary to match the rate of moisture accumulation. With the recent widespread use of rain sensors as well as other sensors, the demand for automotive rain sensors is on the rise amongst automobile users, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive rain sensor market during the forecast period. For instance, it is observed that in a modern vehicle today, there are over 70 sensors in total throughout the whole car.

Global Automotive Rain Sensor Market: Growth Drivers and Challenges

Growth Drivers

• Growing Penetration of Smart Vehicles - rain sensor is a driver assistance system that takes automatically activates the windshield wiper system when it rains and thereby improves in-vehicle safety and comfort. The rising demand for smart vehicles with advanced driving assist functions is expected to propel the automotive rain sensors market in the forecasted period. For instance, it was found that by 2025, almost 70% of new vehicles sold in China will be smart vehicles with high-level driving-assist functions.
• Increasing Connectivity Levels in Vehicles – which is expected to increase, as more than 60% of new vehicles sold in North America and Europe are projected to reach Connected Car Customer Experience (C3X) Level 3 or above by 2030.
• Rising Investment in Automotive Research & Development (R&D) - for instance, in 2020, European Union (EU) investment reached ~70 billion per year.
• Upsurge in Automotive Software Investments – which is forecasted to hike up to USD 59 billion in 2030.

Challenges

• High Cost Involved in the Research & Development
• High Cost of Installation
• Concern about the Reliability of the Data Provided by Rain Sensors

The global automotive rain sensor market is segmented and analyzed for demand and supply by vehicle type segment into passenger cars, light commercial vehicles, and heavy commercial vehicles. Amongst these segments, the passenger cars segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing number of cars along with the surge in the production of passenger cars worldwide. For instance, over 57 million passenger cars were produced worldwide in 2021.

Global Automotive Rain Sensor Market Regional Synopsis

Regionally, the global automotive rain sensor market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Europe is projected to hold the largest market share by the end of 2033, backed by the presence of a strong automobile network in the region, a growing number of vehicle fleets, as well as the rising demand for autonomous vehicles with high-end technologies amongst automobile users. For instance, it is expected that autonomous vehicles will account for 1 in 4 new vehicle sales in the European Union by 2030.

The global automotive rain sensor market is further classified on the basis of region as follows:

• North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
• Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global automotive rain sensor market includes the following segments:

Top Featured Companies Dominating the Global Automotive Rain Sensor Market

• Vishay Intertechnology, Inc.
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis

• Tesla
• Casco Schoeller GmbH
• Ford Motor Company
• Xenso
• Denso Corporation
• HELLA GmbH & Co. KGaA
• ams OSRAM
• Hamamatsu Group
• Leopold Kostal GmbH & Co. KG