[119 Pages Report] The automotive rain sensor market is driven by increased demand for comfort features and driver safety in automobiles. 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.

The global market is driven by increased vehicle electrification. The adoption of advanced electrical systems in automotive has fueled the demand for sensors. The sensors form an important part of the automotive system as it provides the necessary data and helps the system deliver optimum output. The study segments the automotive rain sensor market on the basis of vehicle type and region.

Europe is estimated to be the largest market for automotive rain sensors. In Europe, Germany is estimated to be one of the largest markets for automotive rain sensors in 2015. The higher production of luxury cars and high technological capabilities is a peculiar characteristic of the European region. The consumer�s prefer high performance vehicles which is major reason for the growth of automotive rain sensor market.

The research methodology used in the report involves various secondary sources including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive rain sensor market. The bottom-up approach has been used to estimate the market size, in which country-wise vehicle production statistics has been taken into account for each vehicle type.

In order to arrive at the market size, in terms of volume, for automotive rain sensors, the number of sensors that go into each vehicle category has been identified and multiplied by vehicle production numbers to get the country-level rain sensor volume. This country-wise market size, in terms of volume, of rain sensors for each vehicle type is then multiplied with the country-wise average OE price (AOP) of rain sensors required for the wiper application. This results in the country-wise market size, in terms of value. The summation of the country-wise market gives the regional market and further summation of the regional market provides the global automotive rain sensor market.

Figure below shows the break-up of profile of industry experts who participated in primary discussions.

Industry Ecosystem

Some of the key industry players which comprise the ecosystem of automotive rain sensor market are given below:

OEM�s (Original Equipment Manufacturers) : General Motors Company, Ford Motor Company, Toyota Motor Corporation, Volkswagen AG, Daimler AG, BMW Group, PSA Peugeot Citro�n & Others

Automotive Rain Sensor Suppliers: Denso Corporation (Japan), HELLA KGaA Hueck & Co. (Germany), ZF TRW (U.S.), Robert Bosch GmBH (Germany), and Hamamatsu Photonics K.K. (Japan) among others

The automotive rain sensor ecosystems consists of manufacturers such as Denso Corporation (Japan), HELLA KGaA Hueck & Co. (Germany), ZF TRW (U.S.), Robert Bosch GmBH (Germany), automotive original equipment manufacturers (OEM) such as Toyota Motor Corporation (Japan), Volkswagen AG (Germany) & Ford Motor Company (U.S.), research institutes such as The Automotive Research Association of India (ARAI), European automotive research partners association (EARPA), & The United States Council for Automotive Research (USCAR) and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), & European Automobile Manufacturers Association (ACEA), among others.

Target Audience

Raw material suppliers of the materials

Original Equipment Manufacturers (OEMs)

Dealers

Distributors of automotive rain sensors

Industry Associations

Private Equity Firms

Scope Of The Report

This report segments the automotive rain sensor market as follows:

By Vehicle Type (Passenger Car, LCV, and HCV)

By Region (North America, Asia-Pacific , Europe, and RoW)

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Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with company-specific needs.

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Automotive Rain Sensor Aftermarket

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.

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.

The different types of vehicles considered in the study are passenger cars, light commercial vehicles, and heavy commercial vehicles and the regions considered under the study are Asia-Pacific, North America, Europe, and RoW.

Average unit price has played an important role in the growth of the market. The prices have seen a downward trend, making it possible for the OEMs to incorporate rain sensor across all variants of the various vehicles. However, now the sensor is integrated with various other features including the Rain/Light sensor, which will impact average unit price. The automotive rain sensor market is dominated by a few globally established suppliers such as Denso Corporation (Japan), HELLA KGaA Hueck & Co. (Germany), ZF TRW (U.S.), Robert Bosch GmBH (Germany), and Hamamatsu Photonics K.K. (Japan) among others. Robert Bosch GmBH (Germany) is currently the market leader and has adopted new product development and expansion as key strategies to gain traction in the market.