The progression of the air conditioning systems in passenger cars, light commercial vehicles and heavy commercial vehicles has been one of the noteworthy advances in the 20th century. It is assessed that more than 85% of the new passenger cars sold across the globe currently have an air-conditioning system, and the number is expected to increase by 2027. Growing sale of vehicles and inclination toward safety and luxury are the main factors which are driving the global automotive HVAC market.
Heating, ventilation, and air conditioning (HVAC) system in a vehicle is utilized to control the interior temperature of the vehicle cabin. HVAC system primarily consist of three subsystems, namely, heating, cooling, and air conditioning, which collaboratively work to offer decontaminated air to the vehicle cabin, guaranteeing thermal coziness to drivers and passengers. HVAC system controls the air temperature, scrutinizes the moisture content in the air, and eradicates unnecessary humidity from the circulating air. Well-established companies, such as Audi, Mercedes, Ford, and BMW, primarily focus on tailored and consumer-friendly HVAC systems. For instance, the BMW 6, 7, 8 & 9 Series supports automatic air conditioning, including air distribution for driver and passengers, fogging sensor, and automatic climate control system.
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Key Segments Covered in Automotive HVAC Report:
On the basis of vehicle type, the Automotive HVAC market can be segmented into:
- Passenger Cars
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicles (HCV)
On the basis of technology, the Automotive HVAC market can be segmented into:
On the basis of component, the Automotive HVAC market can be segmented into:
- Expansion Device
On the basis of region, the Automotive HVAC market can be segmented into:
- North America
- Latin America
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
Analysis by Region:
On the basis of region, the global Automotive HVAC market is segmented into North America, Latin America, Europe, Japan, Asia-Pacific excluding Japan (APEJ) and MEA.
Among these regions, the APEJ automotive HVAC market is projected to exhibit relatively higher growth in the global automotive HVAC market with a CAGR of over 8.0% during the forecast period.
Revenue from the automotive HVAC market in North America and Europe is expected to collectively account for more than 40% of the global automotive HVAC market revenue in 2018.
Key competitors in Automotive HVAC market are as Sensata Technologies., The Keihin Corporation, Calsonic Kansei Corporation, Sanden Corporation, Valeo, Denso Corporation, Hanon Systems, MAHLE GmbH, Johnson Electric Holdings Limited, and Japan Climate Systems Corporation.
Vendors in the automotive HVAC market are focusing on launching new products with advanced features to gain a competitive edge in the market, also the vendors are highly focused on merger and acquisition strategy.
In 2015, Mahle Group acquired Delphi Automotive’s thermal business to augment its market penetration and product offering. Delphi Automotive was recognized as top five industry players and this acquisition has poised to give significant competitive edge to Mahle Group over other competitors
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