According to a new market report by Lucintel, the future of the global automotive rain sensor market looks promising with opportunities in passenger cars and commercial vehicles. The global automotive rain sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 6% from 2020 to 2025. The major growth driver for this market is increased demand for comfort features and driver safety in automobiles.
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In this market, passenger cars and commercial vehicles are the two vehicle type segments. Lucintel forecasts that the passenger car segment will witness the highest growth during the forecast period because increasing demand for comfort and safety creates promising growth opportunities for rain sensing wiper systems, which use automotive rain sensor.
APAC is expected to witness the highest growth over the forecast period, supported by the growth of the automotive industry.
Denso Corporation, Hamamatsu Photonics K.K., Hella, Robert Bosch GmbH., and ZF TRW are among the major manufacturers of the automotive rain sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive rain sensor market by vehicle type and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Automotive Rain Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive rain sensor market by vehicle type and region as follows:
By Vehicle Type [$M shipment analysis for 2014 – 2025]:
Passenger Cars
Commercial Vehicles
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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