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Automotive Rain Sensor Market

Analysis by Sales Channel {Original Equipment Manufacturer (OEM) and Aftermarket}; and by Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Report ID: 4637 | Published On: Nov 09, 2022
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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.

automotive rain sensor share image

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


automotive rain sensor overview image
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Global Automotive Rain Sensor Market: Growth Drivers and Challenges
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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.


Market Segmentation

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

       By Sales Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

       By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles


automotive rain sensor share image
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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

In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the automotive rain sensor market?

Ans: Increasing Use of advanced technologies such as radar, sensors, and software along with advanced driving assist functions are some of the major factors anticipated to drive the growth of the market.

2) What would be the CAGR of automotive rain sensor market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the automotive rain sensor market growth?

Ans: High cost involved in the research & development as well as high cost of installation are some of the factors estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of automotive rain sensor market in future?

Ans: The market in Europe is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the automotive rain sensor market?

Ans: The major players in the market are Tesla, ams OSRAM, HELLA GmbH & Co. KGaA, Hamamatsu Group, Leopold Kostal GmbH & Co. KG, Xenso, Casco Schoeller GmbH, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the automotive rain sensor market?

Ans: The market is segmented by sales channel, vehicle type, and by region.

8) Which segment captures the largest market size in vehicle type segment in the automotive rain sensor market?

Ans: The passenger cars segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

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