Global Opportunities and Trends of Automotive Rain Sensor Market

1. Automotive Rain Sensor Market worth 4.15 Billion USD by 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 2020. This growth can be attributed to factors such as the increasing demand for better comfort features, increasing awareness regarding driver safety, and technological advances. Browse 64 market data tables with 49 figures spread through 119 pages and in-depth TOC on "Automotive Rain Sensor Market - Trends and Forecast to 2020" https://www.marketsandmarkets.com/Market-Reports/automotive-rain-sensor-market-63201130.html Early buyers will receive 10% customization on reports. 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. Thus, the market is expected to grow. It has become possible to install the rain sensor in various segments owing to the decrease in average unit price. Europe is estimated to occupy the largest share in the automotive rain sensor market in 2015. 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. Initially, the rain sensor used in rain sensing wiper system was an optional feature only offered in luxury cars. However, with advancements in technology, this feature has become a standard feature for luxury cars while becoming an optional feature in other car segments. Thus, the market for automotive rain sensors is expected to grow in all passenger car segments. The increased use of rain sensors in commercial vehicles will also boost the market at the global level. The North American market has high growth potential as it is one of the largest luxury car markets. The sales statistics of vehicles show promising growth potential, particularly driven by pick-up truck sales and SUVs, which dominate the market. Thus, the LCV segment is also expected to grow in the near future. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=63201130

2. 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. The German automakers generated revenue of more than USD 333.7 billion from exports. German OEMs have strong investments in R&D, amounting to approximately USD 23.3 billion in 2014. Thus owing to increasing vehicle production, the automotive rain sensor market is expected to grow at an impressive rate. Request Sample Copy @ https://www.marketsandmarkets.com/requestsample.asp?id=63201130 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com