DUBLIN--(BUSINESS WIRE)--The "Global Automotive Rain Sensors Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Automotive Rain Sensor Market is poised to grow at a CAGR of around 7%, to reach approximately USD 6 billion by 2023.
The report identifies the increasing demand for do-it-yourself (DIY) installation and the rising popularity of e-commerce as one of the primary growth factors for the rain sensing wiper system market. The recent years have witnessed an increasing trend among customers to purchase DIY automotive products that enable them to install the product on their own. This will induce automotive component manufacturers to provide rain sensing wiper systems as different components that can be assembled and installed by end-consumers without any assistance, which will drive the adoption of rain sensing wipers in the coming years.
The replacement of windshield wipers with ultrasonic force fields will be one of the significant factors gaining traction in this market in the next few years. To eliminate the distraction caused by the movement of windscreen wiper blades, manufacturers will focus on developing innovative solutions.
Europe and North America are the major markets for rain sensing technology, together accounting for more than 50% of the global market share in the automotive sensor market. In light of the higher consumer demand for advanced sensor-based vehicles, the North American market is expected to grow at a higher CAGR by 2023.
- Denso Corporation
- Hamamatsu Photonics K.K.
- Hella KGaA Hueck & Co.
- Melexis Microelectronic Systems
- Mitsubishi Motors Corporation
- Robert Bosch GmbH
- Valeo S.A.
- Vishay Electronics
- ZF TRW
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview and Technology Trends
5. Market Dynamics
6. Global Automotive Rain Sensor Market Segmentation, by Vehicle Type
7. Global Automotive Rain Sensor Market Segmentation, By Geography
8. Competitive Landscape
9. Company Profile
10. Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/kl7cmg/global_automotive?w=4