Promising Future for Automotive Rain Sensor Market Predicted in the Coming Years

With the growing technology, the demand for new and comfort features in vehicles has also increased over the past few years. Nowadays, cars are being equipped with rain sensors that sense rain drops and automatically switches on the wiper in case water pours on the vehicle. These are being incorporated into vehicles mainly because they ensure the safety and ease of the driver by detecting the movement of wipers without blocking the view of the driver. The wiping movement of the wiper can also be controlled after the sensors are switched on automatically.

The global automotive rain sensor market is projected to grow at a CAGR of 6.05% during the forecast period from 2015 to 2020, reaching a size of USD 4.15 Billion by 2020.

Based on the type of vehicle, passenger cars are one of the largest markets for automotive rain sensors. However, the LCV segment is expected to witness good growth in automotive applications in the years to come. This growth can be majorly attributed to the increased production of vehicles in North America, and incorporation of rain sensors other than only luxury cars.

Geographical growth scenario of the market

Among regions, Europe is predicted to dominate the market with the largest share. Among countries, Germany held the largest market share for automotive rain sensors in 2015, and is also likely to be the largest market in the coming years. This is mainly because of the higher production of luxury cars and high technological capabilities of this region, along with consumer’s preference for high performance vehicles being the major driver for the growth of this market. Technological advancements and increase in vehicle electrification has led to a rise in the use of sensors in vehicles.

Drivers and restraints for the market

The growth of the global market for automotive rain sensors is being majorly influenced by the following factors:

  • Increased vehicle electrification
  • Rising demand for better comfort features
  • Growing awareness regarding safety of drivers
  • Advancements in technology

On the flip side, increasing cost of the overall vehicle is the major factor that is likely to hamper the growth of this market. Moreover, manufacturing sensors at low cost remains a key challenge for the leading players involved in this market.

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Major players and strategies implemented

major players in the global automotive rain sensor market that includes companies such as HELLA KGaA Hueck & Co. (Germany), ZF TRW (U.S.), Valeo SA (France), Denso Corporation (Japan) & Robert Bosch GmBH (Germany). Among these, Robert Bosch GmBH (Germany) is currently the leading players, and is adopting strategies like new product development and expansion to achieve sustained growth in the market as well as expand their global presence. Other strategies include mergers & acquisitions and agreements, joint ventures, contracts, and partnerships.

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