Pune, India — 02/05/2018 — Market Research Future published a research report on “Global Automotive Rain Sensors Market Research Report- Forecast 2023” â€“ Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Hella KGaA Hueck & Co. (Germany), Denso Corporation (Japan), Pacific Industrial Co. Ltd (Japan), Robert Bosch GmbH (Germany), Valeo S.A. (France), TRW Automotive (U.S), Mitsubishi Motors Corporation (Japan), Vishay Intertechnology (U.S), Hamamatsu Photonics K.K. (Japan), Melexis Microelectronic Systems (Belgium) and The Kostal Group (Germany) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Rain Sensors Market.
Automotive Rain Sensors Marketâ€“ Overview
The automotive rain sensors are one of the fastest growing sectors in automotive industry, especially in OEM (original equipment manufacturing) section. Rain sensors on board luxury cars. The rain sensors used in automobile are designed to be small and are usually fitted behind the car's front window. The sound rain sensors are being extensively deployed in the automobiles. These sensors detect the sound of the dropping rain. The sensor detects the vibration which is being generated when the rain hits on the surface of the automotive.
The global automotive rain sensors market is expected to grow at ~ 6% CAGR during the forecast period.
Automotive rain sensors do not have any direct substitutes which is a positive growth factor for the manufacturers. The market is dominated by manufacturers who possess advanced technological capabilities. The growth of automotive rain sensors market can be attributed to factors such as the rising concern for safety, the continuous development in electronics sensors application and technology, demand of concept cars from high income consumers and increasing demand of automation in automobiles, and increasing use of sensors in hybrid semi hybrid and electric cars.
Automotive rain sensors carry certain inconveniences. A single drop of water automates the wipers. Thus, frequent activation of wipers can damage the windshield. This restraint can hamper the usage of automotive rain sensors.
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Automotive Rain Sensors Marketâ€“ Competitive Analysis
The key players adopted various strategies to retain and/or expand their market share. Key strategies followed by most companies within the global automotive rain sensors market were those of mergers & acquisition, followed by expansion. Mergers & Acquisitions are the key strategies adopted by the players to achieve operational efficiencies and increase the number of offerings to the customer. Expansion is also a major strategy adopted by the major players in the global Automotive Rain Sensors Market to increase the geographical presence of the company and to widen the product offering.
Technological advancements in the manufacturing of the rain sensors and the increasing research and development expenditure by the key players is expected to increase the level of competition in the automotive rain sensors market.
Industry/ Innovation/ Related News:
Mitsubishi Motors Corporation has introduced rain-light sensors which support the field of vision of the driver by detecting the amount of rain and the amount of light and functioning automatically.
Jan, 2018- Tesla announced with the typical Tesla fanfare software updates for some of its vehicles which include a windshield-wiper setting with rain-detecting capabilities. While many vehicles on the road today have rain-sensing windshield wipers as a standard or optional feature, Tesla had thus far avoided it. The automatic wipers are currently in beta testing.
Dec 2017- Elon Musk promises rain-sensing wipers in Tesla pickup truck. Tesla promised the release of smaller software-based improvements, like rain-sensing windshield wipers (a function that has been on the back burner for some time).
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Automotive Rain Sensors Marketâ€“ Segmentation
The Automotive Rain Sensors Market can be segmented in to two key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Channel Type – Original Equipment Manufacturer (OEM) and Aftermarket
Segmentation by Vehicle Type – Passenger, Light Commercial and Heavy Commercial
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
Automotive Rain Sensors Marketâ€“ Regional Analysis
North America is projected to be the largest market for automotive rain sensors market, followed by Europe and Asia Pacific. Germany leads the European market and China and Japan leads the Asia Pacific market.
In North America, the current market for this product is small as compared with the European market. In North America, the product will trickle down from the luxury car segment to the common family vehicle segment as the technology improves and the product becomes better known, thereby driving the growth of the market. The aftermarket for automotive rain sensors is also gaining traction in the North America region.
The Asia Pacific region is expected to grow in the automotive rain sensors market owing to the rapid technological advancements and the rise in the disposable income of the people in the region. Increasing disposable income and launches of new car models by original equipment manufacturers is also contributing towards the growth of the market. The nations such as China and India account for a major chunk of the global vehicle production.
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