Automotive Rain Sensor Market worth 4.15 Billion USD by 2020

Automotive Rain Sensor Market - Trends and Forecast to 2020 The automotive rain sensor market, in terms of value, is projected to grow at a CAGR of 6.05% from 2015 to 2020, to reach a market size of USD 4.15 Billion by This growth can be attributed to factors such as the increasing demand for better comfort features, increasing awareness regarding driver safety, and technological advances. PDF

LCV Segment: Promising market for automotive rain sensors The report segments the automotive rain sensor market on the basis of vehicle type into Passenger Car (PC), Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV). Passenger Cars are one of the largest contributors to the automotive rain sensor market. However, the LCV segment shows promising growth opportunities in automotive applications due to the increasing vehicle production in regions such as North America. Earlier, rain sensors, used in rain sensing wiper systems, were only incorporated in luxury cars. The system was just an additional comfort feature initially but the growing demand for convenience has forced the OEMs to equip their vehicles with rain sensing wiper systems.

Europe is estimated to occupy the largest share in the automotive rain sensor market in The passenger car segment is estimated to dominate the market in 2015, followed by Light Commercial Vehicles (LCV). The increasing demand for comfort and safety creates promising growth opportunities for rain sensing wiper systems, which use automotive rain sensors, and would consequently boost the demand for the same. Automotive rain sensors have no direct substitutes which is a positive for the manufacturers. The market is dominated by manufacturers who possess advanced technological capabilities.

Europe: One of the major markets for automotive rain sensors The report segments the European region into Germany, France, U.K. and other countries. With the advancement in technology, vehicle electrification has increased, which has thus increased the use of sensors in vehicles. Germany is expected to hold the largest share in the European automotive rain sensor market. In 2014, Germany ranked number one in terms of production and sales of automotive vehicles in the European region as the region produced 5.6 million passenger cars and more than 303,500 trucks and buses. Also, the German OEM market share in Western Europe was more than 51 per cent in 2014.

Browse >> 64 market data tables 49 figures 119 pages and in-depth TOC on “Automotive Rain Sensor Market - Trends and Forecast to 2020” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

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