Press release
Automotive Rain Sensor Market Growing Rapidly with Latest Trend | HELLA GmbH & Co. KGaA, Valeo, DENSO CORPORATION, Vishay Intertechnology, Melexis, Xenso; Pacific Industrial Co.,Ltd., Leopold Kostal GmbH & Co. KG
Automotive Rain Sensor Market
HELLA GmbH & Co. KGaA;
Valeo;
Leopold Kostal GmbH & Co. KG;
ZF Friedrichshafen AG;
Tesla;
Shanghai Baolong Automotive Corporation;
Robert Bosch GmbH;
DENSO CORPORATION;
Vishay Intertechnology;
Melexis;
Hamamatsu Photonics K.K.;
General Motors;
Xenso;
Pacific Industrial Co.,Ltd. and MITSUBISHI MOTORS CORPORATION.
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Global Automotive Rain Sensor Market is expected to rise from its initial estimated value of USD 4.47 billion in 2018 to a projected value of USD 7.48 billion by 2026, registering a CAGR of 6.64% in the forecast period of 2019-2026. This rise in market value can be attributed to increasing government regulations and increasing demands of safety components and technologies in the market.
Competitive Analysis of the Automotive Rain Sensor Industry
Global automotive rain sensor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive rain sensor market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Drivers and Restraints of the Automotive Rain Sensor Industry
Market Drivers:
Growth in the demand of vehicles and increase in their overall production; this factor is expected to act as a driver for the market growth
Increased effectiveness and efficacy in safety of the vehicle with its usage; this factor is expected to act as a driver for the market growth
Market Restraint:
Increase in the cost of vehicles due to the high cost components required in this technology; this factor is expected to act as a restraint to the market growth
The titled segments and sub-section of the market are illuminated below:
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Distribution Channel
OEM
Aftermarket
Regional Analysis
North America (U.S., Canada, Mexico)
Europe (Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe)
Asia-Pacific (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, South Africa, Egypt, Israel, Rest of Middle East and Africa)
Future Outlook and by Top key players Analysis: HELLA GmbH & Co. KGaA; Valeo; Leopold Kostal GmbH & Co. KG; ZF Friedrichshafen AG; Tesla; Shanghai Baolong Automotive Corporation; Robert Bosch GmbH; DENSO CORPORATION; Vishay Intertechnology; Melexis; Hamamatsu Photonics K.K.; General Motors; Xenso; Pacific Industrial Co.,Ltd. and MITSUBISHI MOTORS CORPORATION.
Key Developments in the Market:
In August 2018, Shanghai Baolong Automotive Corporation announced that they had agreed to acquire PEX Automotive GmbH and also acquire 51% share of Tesona GmbH & Co.KG. These acquisitions will help in fast-pacing the growth and expansion strategies for automotive sensors.
In January 2018, Tesla announced the launch of an over-the-air software update for their Autopilot 2 (AP2) vehicles. The vehicles already equipped with the rain sensing technology required a software update for them to be operational.
Table Of Content:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Automotive Rain Sensor Market Landscape
Part 04: Global Automotive Rain Sensor Market Sizing
Part 05: Global Automotive Rain Sensor Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
More....TOC............
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Browse report overview with 220 tables and 60 figures spread through 350 pages and detailed TOC on "Automotive Rain Sensor Market Research Report: Global Industry Size, Share and Growth Forecast to 2027" at: https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-rain-sensor-market
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Identify growing segments and reasons for driving change
Recognize the competitive environment, the market's key players and top brands
7 years' forecasts to judge how the Automotive Rain Sensor market is predicted to grow.
Company profile analysis covers in-depth analysis of the player's business and key financial metric such as net revenue, revenue breakup by segment and by region, SWOT Analysis, risk analysis, key facts, key business strategy, major products and services, and recent news and other market activities.
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