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

  • Report ID: 4637
  • Published Date: Nov 09, 2022
  • Report Format: PDF, PPT

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

Automotive Rain Sensor Market size is estimated to cross USD 11 Billion by the end of 2033, growing at a CAGR of 6% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of automotive rain sensor was around USD 5 Billion. 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.

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.


Automotive-Rain-Sensor-Market
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Automotive Rain Sensor Sector: 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 sensor 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

Automotive Rain Sensor Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

6%

Base Year Market Size (2022)

USD 5 Billion

Forecast Year Market Size (2033)

USD 11 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Automotive Rain Sensor Segmentation

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

       By Sales Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

       By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

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Automotive Rain Sensor Industry - 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.

Research Nester
Automotive-Rain-Sensor-Market-Size
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Companies Dominating the Automotive Rain Sensor Landscape

top-features-companies
    • 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

In The News

  • Vishay Intertechnology, Inc.’s - Optoelectronics group introduced a new Automotive Grade 4-quadrant silicon PIN photodiode in a standard surface-mount package. The AEC-Q101 qualified device’s linear photo response enables small signal detection for automotive rain / light sensors, industrial automation systems, laser beam alignment, and virtual reality applications.

  •  Tesla - released a new software update, about the improvement of its automatic wiper trained with a new deep neural net previously referred to as “Deep Rain”.

Author Credits:  Harshita Srivastava, Saima Khursheed


  • Report ID: 4637
  • Published Date: Nov 09, 2022
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

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.

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

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.

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.

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.

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.

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

The passenger cars segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Automotive Rain Sensor Market Report Scope
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