Automotive rain sensor senses the rain drops and switches on the wiper automatically. These sensors provide ease and safety to the driver. These are combined with the existing wiper system along with a controller. The rain sensor is generally mounted in beside the rearview mirror and works principle of total internal reflection.
MARKET SCOPE
The "Global Automotive Rain Sensor Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a focus on the global automotive rain sensor market trend. The report aims to provide an overview of the global automotive rain sensor market with detailed market segmentation by vehicle type and geography. The global automotive rain sensor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the automotive rain sensor market.
MARKET SEGMENTATION
? On the basis of vehicle type, the market is segmented as Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles.
MARKET DYNAMICS
Drivers:
? The rapid expansion of the industrial sector and growing transportation activities across the globe are rising demand for commercial vehicles that significantly impact the growth of the automotive rain sensor market.
? Increase in the demand for luxury functionalities in cars paired with the rise in production of passenger cars.
Restraints:
? Decline in vehicle production due to chip shortage.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive rain sensor market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive rain sensor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive rain sensor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive rain sensor market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE RAIN SENSOR MARKET
The outbreak of COVID-19 has significantly impacted various industries including the automotive industry. Containment measures were imposed by governments across the globe such as trade restriction and factor shutdown followed by limited personnel at workplaces in order to adhere to the norms of social distancing. Thus, the imposition of such measures has disrupted the supply chain of the automotive manufacturer in 2020. However, the industry started to stabilize from Q4 of 2020 as economies started to reopen and containment measures were relaxed.
MARKET PLAYERS
The reports cover key developments in the automotive rain sensor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive rain sensor market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive rain sensor in the global market. Below mentioned is the list of few companies engaged in the automotive rain sensor market.
The report also includes the profiles of key automotive rain sensor companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
? Denso Corporation
? Hella KGAA Hueck & Co.
? Robert Bosch Gmbh.
? Valeo SA
? ZF TRW
? Mitsubishi Motors Corporation
? The Kostal Group
? Hamamatsu Photonics K.K.
? Melexis Microelectronic Systems
? Vishay Intertechnology Inc.