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Allied Market Research

Automotive Rain Sensor Market by Sales Channel (OEM and Aftermarket) and Vehicle Type (Passenger Vehicle and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09135
Pages: NA
Jun 2021 | 313 Views
 
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Automotive Rain Sensor Market Outlook – 2027 

Automotive rain sensors detect rain falling on the windshield of a vehicle and automatically applies the wipers without driver intervention. Moreover, the automotive rain sensor is programmed to control the rate and speed of windshield wiper blades. The rain sensor aids in maintaining the visibility of drivers all the time. The sensor for its functioning is typically found near the rear-view mirror of the vehicle. An infrared light is beamed at a 45-degree angle onto the windshield and based on the light reflected back, the sensor detects moisture and debris to activate the wiper accordingly. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Sales channel, vehicle type

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

Denso Corporation, Hamamatsu Photonics K.K., HELLA KGaA Hueck & Co., Robert Bosch GmBH, Melexis Microelectronic Systems, Mitsubishi Motors Corporation, Vishay Intertechnology Inc., Valeo SA, ZF TRW, The Kostal Group

 

COVID-19 scenario analysis: 

  • The COVID-19 pandemic has pushed the global economy into a crisis. 
  • The lockdown imposed to curb the pandemic has severely affected the entire value-chains of most major automotive industries. 
  • Automakers have redirected the investments of R&D to sustain the core operation. 
  • Besides, the vehicle manufacturers would need to reduce profits to enhance sales.
  • With the negative progression of automotive sales, the automotive rain sensor market would also be affected simultaneously. 
  • Moreover, organized strategies by OEMs is needed to survive in this pandemic. 

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

The rising incorporation of rain-sensing wipers in vehicles due to convenience for drivers is driving the market growth. Besides, the rising demand for safety and comfort features in the vehicle is propelling the automotive rain sensor market. Moreover, the rising number of road accidents due to visibility issues during heavy rains is proliferating the market. However, the integration of advanced electronic components increases the overall cost of vehicles, which, in turn, hampers the market growth. Further, technological advancement in the automotive sector and the rise of autonomous, semi-autonomous, and advanced driver assist system (ADAS) vehicles is fueling the market growth. 

The automotive rain sensor market trends are as follows:

Adoption of rain sensors in budget vehicles to accelerate the market

The rain-sensing wipers have achieved huge popularity in the automotive sector. Owing to the advantages offered by rain-sensing wipers, its adoption has amplified in the vehicle. This, in turn, has helped in the reduction of price. Moreover, the budget car segment also offers rain-sensing wipers nowadays due to the reduction in the cost of the wipers. For instance, 2020 Hyundai i20 features rain-sensing wipers in India. Besides, the aftermarket segment is witnessing a significant demand for rain-sensing wipers. 

Alternative for sensors to hamper market growth

With rising consumer demands, the automakers are investing radically in research and development activities. The integration of sensor and electronics have changed the automotive sector completely. Besides, newer technologies attract a new customer base. However technological development in the field of wipers like the use of cameras in place of sensors would hamper the market growth. For instance, in 2018, Tesla launched ‘Deep rain’ neural net for its automatic wipers. Tesla used its Autopilot cameras to feed its computer vision neural net to determine the speed for the wipers instead of rain sensors. 

Key segments covered:

Segments

Sub-segments

  Sales channel

  • OEM
  • Aftermarket

  Vehicle type

  • Passenger vehicle
  • Commercial vehicle

 

Key benefits of the report:

  • This study presents the analytical depiction of the Automotive Rain Sensor industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed automotive rain sensor market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the automotive rain sensor market research report:

  • What are the leading market players active in the automotive rain sensor market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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