Global automotive rain sensor market is anticipated to witness significant growth during the forecast period owing to the increasing demand for comfort features and driver’ safety in automobiles. Further, increasing adoption of advanced electrical systems in order to increase the efficiency of automobiles is propelling the growth of global automotive rain sensor market until 2028.
Additionally, increasing technological advancement in automobile sector with manufacturers focusing on research and development activities is expected to drive the market growth by 2028. Automotive rain sensor automatically switches on wipers of an automobile by sensing water splash on windshield during rainfall. Thus, it ensures driver’s safety and comfort as the driver does not require to adjust or switch on the wipers while driving a vehicle.
The global automotive sensor market is segmented based on operation method, vehicle type, sales channel and region. Based on operation type, the market is categorized into automatic operation and manual operation. The automatic operation is undergoing fastest growth and is expected to dominate the market by 2028 as it ensures more safety to the driver. The manufacturers are continuously replacing manual rain sensors with automatic one, which is also contributing to the increasing share of the market.
Based on vehicle type, the global automotive rain sensor market is categorized into passenger car, light commercial vehicles, and heavy commercial vehicles. The passenger car segment holds dominance, and the trend is likely to continue during the forecast period owing to the increasing demand and manufacturing of passenger vehicles around the globe. However, the light commercial vehicle is also undergoing significant growth owing to the increasing safety concern of the driver.
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Some of the major key players operating in automotive rain sensor are Hella KGaA Hueck & Co., Denso Corporation, Pacific Industrial Co. Ltd, Robert Bosch GmbH, Valeo S.A., TRW Automotive, Mitsubishi Motors Corporation, Vishay Intertechnology, Hamamatsu Photonics K.K. and The Kostal Group, among others. Leading companies are undergoing growth strategies like merger and acquisition to increase their global reach. They are also investing in research and development activities to introduce more advanced technologies in automobile sector.
Objective of the Study:
- To analyze and forecast the market size of automotive rain sensor in terms of value and volume.
- To classify and forecast global automotive rain sensor based on operation method, vehicle type, sales channel and regional distribution.
- To identify drivers and challenges for global automotive rain sensor market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive rain sensor market.
- To conduct the pricing analysis for automotive rain sensor market.
- To identify and analyze the profile of leading players involved in the manufacturing of global automotive rain sensor market.
To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of automotive rain sensor companies operating globally. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers and distributors/dealers which could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings and regional presence of all major automotive rain sensor supplier across the globe.
TechSci Research calculated the market size for global automotive rain sensor using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, Company Websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Automotive OEMs
- Automotive rain sensor manufacturers
- Distributors of automotive rain sensors
- Research Institutes
- Associations, organizations, forums and alliances related to automotive rain sensor.
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as automotive rain sensor manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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