According to a new report, published by KBV research, The Global Automotive Rain Sensor Market size is expected to reach $8.4 billion by 2031, rising at a market growth of 7.3% CAGR during the forecast period.
The automotive rain sensor market is experiencing significant expansion driven by increasing vehicle production, growing demand for advanced driver assistance systems, and the emphasis on improving vehicle safety and comfort features. Rain sensors automatically detect rainfall, and control wiper systems are becoming standard in many new car models. This trend is supported by technological advancements in sensor accuracy, reliability, and integration with other vehicle systems, contributing to the market’s growth across various regions globally.
The Passenger Vehicle segment is leading the Global Automotive Rain Sensor Market by Vehicle Type in 2023; thereby, achieving a market value of $6.3 billion by 2031. Passenger vehicle drivers prioritize comfort and convenience features that enhance their driving experience. Rain sensors automate the operation of windshield wipers based on real-time precipitation detection, eliminating the need for manual adjustments. This feature contributes to driver comfort by maintaining clear visibility and reducing distractions during adverse weather conditions.
The Aftermarket segment registers a CAGR of 7.9% during (2024 - 2031). Advancements in rain sensor technology, such as improved accuracy, reliability, and functionality, prompt vehicle owners to upgrade their existing sensors with newer, more advanced models. Upgrading to advanced rain sensors can enhance driving safety, visibility, and convenience, meeting consumer expectations for modern vehicle features. As per the International Trade Administration (ITA), the Australian aftermarket for replacement parts and accessories is estimated to be worth around US$9.2 billion. Annual Australian exports of aftermarket parts are US$1.85 billion.
Full Report: https://www.kbvresearch.com/automotive-rain-sensor-market/
The Europe region dominated the Global Automotive Rain Sensor Market by Region in 2023; thereby, achieving a market value of $3.4 billion by 2031. The Asia Pacific region is anticipated to grow at a CAGR of 7.8% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 7.1% during (2024 - 2031).
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