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Market research analysts at Technavio predict that the global automotive HVAC market will grow steadily during the next four years and post a CAGR of almost 9% by 2020. This market research analysis identifies the use of pressure transducers that increase the efficiency of HVAC systems as one of the primary growth factors for the automotive HVAC system market. Though pressure cycling switches (PCS) were efficient in controlling the temperature and pressure of the vehicle air conditioning systems at different locations, they lacked flexibility and resulted in reducing the efficiency of the system. This, in turn, will lead to the development of pressure sensors for air conditioning control. In addition to continuously monitoring pressure, these sensors are also compatible with liquid refrigerants. This will reduce the manufacturing costs of HVAC systems and will subsequently result in increasing their adoption among automobile manufacturers.
This market research and analysis estimates that in terms of geographical regions, APAC will be the major revenue contributor to the market throughout the next four years. The growth of the passenger cars segment in this region and the shift in customer preferences from fuel efficiency to the availability of advanced features, will drive the demand for the installation of automotive HVAC units. According to analysts, China, India, and Japan will account for the major demand for car HVAC systems in this region.
This global market consists of several international vendors and is characterized by rapid technological innovations. The market is competitive and the emergence of new original equipment manufacturers (OEM) will intensify the level of competition among the existing players. However, the intensifying competition will hugely benefit the customers since vendors will start offering automotive HVAC units at comparative prices and will also focus on enhancing product performance. To increase their customer base and enhance their revenue shares, vendors are concentrating on expanding their presence across various geographical regions. One of the major vendors Denso, was the first player to introduce multi-zone climate control system and currently leads the automotive HVAC market.
The leading vendors in the market are -
The other prominent vendors in the market are Air International Thermal Systems, Japanese Climate Systems Corporation, and Sanden.
During 2015, the automatic HVAC segment accounted for the major shares and dominated this market. These automatic systems are mainly installed by automotive manufacturers in luxury cars and the increasing demand for luxury cars market in the developed and emerging market such as India, will boost the growth of the market segment in the coming years.
Owing to the increased need for comfort, there will be a rise in adoption of HVAC systems by the passenger cars segment, which will dominate the automobile HVAC units market throughout the predicted period. Though initially adopted by the luxury car segment, the recent years have witnessed a rise in adoption of HVAC systems for the mid- and entry-level automotive segments as well. This, coupled with the adoption of advanced HVAC systems by luxury cars that use LCD interfaces, will propel the market’s growth prospects.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by technology
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Market challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
PART 15: Explore Technavio
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