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Global Automotive Rain Sensor Market: By Vehicle Type: Passenger, Heavy Commercial Vehicle, Light Commercial Vehicle; By Channel Type: Original Equipment Manufacturer (OEM), Aftermarket; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Automotive Rain Sensor Market Outlook
The global automotive rain sensor market reached a value of about USD 5 billion in 2021. The market is further estimated to grow at a CAGR of 6.60% in the forecast period of 2023-2028 to reach a value of around USD 7.3 billion by 2027.
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Passenger Vehicles to Bolster the Market Growth of Automotive Rain Sensor
Based on vehicle type, the passenger vehicles segment is driving the market growth of the automotive rain sensors. The rising adoption of vehicles by the customers due to the inflating disposable income and their emerging need for advanced features such as rain sensors in vehicles are accelerating the market development of automotive rain sensors. The growing safety concerns owing to the increasing accidents and accidents are invigorating the market for automotive rain sensors. In addition, the efforts taken by the automobile manufacturers in providing the customers with superior quality and advanced rain sensors are contributing to the market expansion of automotive rain sensors. Moreover, the research activities to develop advanced rain sensors are projected to aid the market in the forecast period.
The Asia Pacific to Account for a Substantial Share in the Market for Automotive Rain Sensor
The ever-increasing production and sales of automobiles in the Asia Pacific region and the setting up of rain sensors as a feature are significantly catalysing the market growth of automotive rain sensors. In addition, the strong presence of vehicle manufacturers in the region and growing safety concerns due to rising traffic in the region is resulting in the development of the market for automotive rain sensors.
Market Segmentation
The automotive rain sensor is a driver assistance system that detects the rain falling on the windshield of a vehicle. The sensor automatically activates the windshield wiper and improves the vehicle's in-safety and comfort during rainy or snowy conditions. It is a permanent component of modern vehicle electronics.
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The market for automotive rain sensor, by vehicle type, is divided into:
- Passenger
- Heavy Commercial Vehicle
- Light Commercial Vehicle
Based on channel type, the market is segmented into:
- Original Equipment Manufacturer (OEM)
- Aftermarket
The regional markets for automotive rain sensor can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Safety Concerns to Drive the Market Growth of Automotive Rain Sensor
The rising need for safe and convenient driving experiences in modern vehicles is leading to the steady market growth of automotive rain sensors. In addition, the increasing number of accidents and fatalities caused due to the drivers’ distractions in poor weather conditions is providing impetus to the development of the market for rain sensors. Also, the rising inclination towards rain sensors over the conventional systems that require manual adjustment and driver’s attention is further propelling the market. This is because the automotive rain sensors of modern times do not require the drivers to adjust wiper speed, thereby reducing the chances of accidents due to drivers’ distractions. Moreover, the stringent government regulations to ensure the safety of drivers and passengers are playing a crucial role in expanding the market. Further, the technological advancements in the automotive sector, such as the introduction of semi-autonomous and autonomous vehicles, are expected to aid the market for automotive rain sensors in the forecast period.
Key Players in the Global Automotive Rain Sensor Market
The report gives a detailed analysis of the following key players in the global automotive rain sensor market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- HELLA GmbH & Co. KGaA
- DENSO Corporation
- Robert Bosch GmbH
- Vishay Intertechnology, Inc.
- KOSTAL Automobil Elektrik
- Valeo
- Melexis N.V.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Vehicle Type |
|
| Breakup by Channel Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Rain Sensor Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Rain Sensor Historical Market (2018-2022)
8.3 Global Automotive Rain Sensor Market Forecast (2023-2028)
8.4 Global Automotive Rain Sensor Market by Vehicle Type
8.4.1 Passenger
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Heavy Commercial Vehicle
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Light Commercial Vehicle
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Automotive Rain Sensor Market by Channel Type
8.5.1 Original Equipment Manufacturer (OEM)
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Aftermarket
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Automotive Rain Sensor Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Automotive Rain Sensor Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Automotive Rain Sensor Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Rain Sensor Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Rain Sensor Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Rain Sensor Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 HELLA GmbH & Co. KGaA
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 DENSO Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Robert Bosch GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Vishay Intertechnology, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 KOSTAL Automobil Elektrik
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Valeo
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Melexis N.V.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
14.2.11 Others
17 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Automotive Rain Sensor Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Rain Sensor Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
3. Global Automotive Rain Sensor Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
4. Global Automotive Rain Sensor Historical Market: Breakup by Channel Type (USD Billion), 2018-2022
5. Global Automotive Rain Sensor Market Forecast: Breakup by Channel Type (USD Billion), 2023-2028
6. Global Automotive Rain Sensor Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Automotive Rain Sensor Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Automotive Rain Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Automotive Rain Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Automotive Rain Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Automotive Rain Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Automotive Rain Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Automotive Rain Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Automotive Rain Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Automotive Rain Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Automotive Rain Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Automotive Rain Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Automotive Rain Sensor Market Structure
Key Questions Answered in the Report
In 2021, the global automotive rain sensor market attained a value of nearly USD 5 billion.
The market is assessed to grow at a CAGR of 6.60% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach almost USD 7.3 billion by 2027.
The major market drivers include the increasing road accidents and fatalities, growing safety concerns, rising production of vehicles and installation of rain sensors by manufacturers, and research activities to develop superior quality rain sensors.
The key industry trends guiding the growth of the market include growing adoption of vehicles with advanced features, stringent government regulations to ensure safety of passengers, and advancements in automotive sector.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different vehicle types in the market are passenger, heavy commercial vehicle, and light commercial vehicle.
The significant market divisions, based on channel type, include original equipment manufacturer (OEM) and aftermarket.
The major players in the industry are HELLA GmbH & Co. KGaA, DENSO Corporation, Robert Bosch GmbH, Vishay Intertechnology, Inc., KOSTAL Automobil Elektrik, Valeo, and Melexis N.V., among others.
Analyst Review
The global automotive rain sensor market attained a value of nearly USD 5 billion in 2021, driven by the increasing installation of rain sensors in automobiles. Aided by the growing safety concerns, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.60%. The market is estimated to reach about USD 7.3 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for automotive rain sensor, by vehicle type, is divided into passenger, heavy commercial vehicle, and light commercial vehicle. Based on channel type, the market is segmented into original equipment manufacturer (OEM) and aftermarket. The major regional markets for automotive rain sensor are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include HELLA GmbH & Co. KGaA, DENSO Corporation, Robert Bosch GmbH, Vishay Intertechnology, Inc., KOSTAL Automobil Elektrik, Valeo, and Melexis N.V., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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