Global Automotive Rain Sensor Market Operation Method (Automatic Operation, Manual Operation), By Vehicle Type (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles), By Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket), By Region, Forecast & Opportunities, 2026
New York, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Automotive Rain Sensor Market Operation Method, By Vehicle Type, By Sales Channel, By Region, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p06020640/?utm_source=GNW
The Global Automotive Rain Sensor Market is anticipated to witness significant growth during the forecast period owing to the increasing demand for comfort features and driver’ safety in automobiles. Further, increasing adoption of advanced electrical systems in order to increase the efficiency of automobiles is propelling the growth of the Global Automotive Rain Sensor Market until 2026.
Additionally, increasing technological advancement in the automobile sector with manufacturers focusing on research and development activities is expected to drive the market growth by 2026.Automotive rain sensor automatically switches on wipers of an automobile by sensing water splash on windshield during rainfall.
Thus, it ensures driver’s safety and comfort as the driver does not require to adjust or switch on the wipers while driving a vehicle.
The Global Automotive Rain Sensor Market is segmented based on operation method, vehicle type, sales channel and region.Based on operation type, the market is categorized into automatic operation and manual operation.
The automatic operation is undergoing fastest growth and is expected to dominate the market by 2026 as it ensures more safety to the driver. The manufacturers are continuously replacing manual rain sensors with automatic one, which is also contributing to the increasing share of the market.
Based on vehicle type, the Global Automotive Rain Sensor Market is categorized into passenger car, light commercial vehicles and heavy commercial vehicles.The passenger car segment holds dominance and the trend is likely to continue during the forecast period owing to the increasing demand and manufacturing of passenger vehicles around the globe.
However, the light commercial vehicle is also undergoing significant growth owing to the increasing safety concern of the driver.
Some of the major key players operating in the Global Automotive Rain Sensor are Hella KGaA Hueck & Co., Denso Corporation, Pacific Industrial Co. Ltd, Robert Bosch GmbH, Valeo S.A., TRW Automotive, Mitsubishi Motors Corporation, Vishay Intertechnology, Hamamatsu Photonics K.K. and The Kostal Group, among others. Leading companies are undergoing growth strategies like merger and acquisition to increase their global reach. They are also investing in research and development activities to introduce more advanced technologies in the automobile sector.
Years considered for this report:
Historical Period: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
• To analyze and forecast the market size of the Global Automotive Rain Sensor Market in terms of value and volume.
• To classify and forecast the Global Automotive Rain Sensor Market based on operation method, vehicle type, sales channel and regional distribution.
• To identify drivers and challenges for the Global Automotive Rain Sensor Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Automotive Rain Sensor Market.
• To conduct the pricing analysis for the Global Automotive Rain Sensor Market.
• To identify and analyze the profile of leading players involved in the manufacturing of the Global Automotive Rain Sensor Market.
To perform the study, the analyst conducted primary as well as exhaustive secondary research.Initially, the analyst prepared an exhaustive list of automotive rain sensor companies operating globally.
Subsequently, the analyst conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, the analyst could include manufacturers and distributors/dealers which could not be identified due to the limitations of secondary research. The analyst examined product offerings and regional presence of all major automotive rain sensor supplier across the globe.
The analyst calculated the market size for the Global Automotive Rain Sensor Market by using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, were recorded as well as forecast for the future years. The analyst sourced these values from the industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size.
Multiple secondary sources such as directories, Company Websites, company annual reports, white papers, investor presentations and financial reports were also used by the analyst.
Key Target Audience:
• Automotive OEMs
• Automotive rain sensor manufacturers
• Distributors of automotive rain sensors
• Research Institutes
• Associations, organizations, forums and alliances related to automotive rain sensor.
• Industry associations
• Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as automotive rain sensor manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, the Global Automotive Rain Sensor Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Automotive Rain Sensor Market, By Operation Mode:
o Automatic Operation
o Manual Operation
• Global Automotive Rain Sensor Market, By Vehicle Type:
o Passenger Cars
o Light Commercial Vehicle
o Heavy Commercial Vehicle
• Global Automotive Rain Sensor Market, By Sales Channel:
o Original Equipment Manufacturer (OEM)
• Global Automotive Rain Sensor Market, By Region:
o Asia Pacific
o North America
o South America
o Middle East and Africa
Company Profiles: Detailed analysis of the major companies present in the Global Automotive Rain Sensor Market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channel.
Read the full report: https://www.reportlinker.com/p06020640/?utm_source=GNW
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