Automotive Rain Sensor Market Global Demand and Business Development Analysis
Automotive rain sensor market is driven by rise in technological advances followed by rise in vehicle production and increase in demand for luxury features. In addition, the market growth is highly influenced by developments in the semiconductor industry and ongoing trends.
(firmenpresse) - The global automotive rain sensor market is anticipated to rise at a higher CAGR during the forecast period. There have been tremendous enhancements in the automotive industry since the advent of computers and electronic devices in the automotive sector have marked progress in terms of entertainment, convenience and comfort.
With the rise in number of accidents, automatic rain sensing wiper systems have become more appealing. In the digital age, the wiper systems works according to the level of precipitation, at present rain-sensing systems use optical sensors to sense the presence of water on the windshield and relays wiper control data to the vehicle
Automotive rain sensor market is driven by rise in technological advances followed by rise in vehicle production and increase in demand for luxury features. In addition, the market growth is highly influenced by developments in the semiconductor industry and ongoing trends. Modernization and urbanization are the key factors responsible for modern trends in automotive rain sensor market. However, cheap substitutes and frequent activation of wipers results in damage of windshield.
Based on vehicle type, market is segmented as heavy commercial vehicles & light commercial vehicles and passenger cars. Use of automotive rain sensors is significantly higher in heavy commercial vehicles and passenger cars.
Geographical segmentation for the market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North American and European markets are anticipated to grow higher during the forecast period owing to presence of automobile industry, rise in urbanization and technological advances.
Asia-Pacific regions are more likely to gain a significant market position during the forecast period due to the rise in middle-class income, availability of car variants and advanced digitization. Use of semiconductors and memory chips for signal relay is likely to propel the market growth during the forecast period. The key players profiled in the automotive rain sensor market report are Valeo SA, HELLA KGaA Hueck & Co and Robert Bosch.
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Datum: 09.10.2019 - 05:10 Uhr
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Date of sending: 09.10.2019
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