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 |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.1% |
|
Base Year Market Size (2024) |
USD 5.68 billion |
|
Forecast Year Market Size (2037) |
USD 11.99 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of automotive rain sensor is evaluated at USD 5.95 billion.
The automotive rain sensor market size was valued at USD 5.68 billion in 2024 and is likely to exceed USD 11.99 billion by the end of 2037, registering over 6.1% CAGR during the forecast period i.e., between 2025-2037. Increasing Use of advanced technologies such as radar, sensors, and software along with advanced driving assist functions will propel the market growth.
Europe is anticipated to hold largest industry share by 2037, backed by 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.
The major players in the market include Vishay Intertechnology, Inc., Tesla, Casco Schoeller GmbH, Ford Motor Company, Xenso, Denso Corporation, HELLA GmbH & Co. KGaA, ams OSRAM, Hamamatsu Group, Leopold Kostal GmbH & Co. KG.
