Global Automotive HVAC Market 2016-2020

Overview of the global automotive HVAC market

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.

Competitive landscape and key vendors

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 -

• Denso
• MAHLE
• Valeo
• Hanon Systems

The other prominent vendors in the market are Air International Thermal Systems, Japanese Climate Systems Corporation, and Sanden.

Segmentation by technology and analysis of the automotive HVAC market

• Automatic HVAC
• Manual HVAC

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.

Segmentation by application and analysis of the automotive HVAC market

• Heavy commercial vehicle (HCV)
• Light commercial vehicle (LCV)
• Passenger cars

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global automotive HVAC market?
• What are the key market trends impacting the growth of the global automotive HVAC market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive HVAC market?
• What are the market opportunities and threats faced by the vendors in the global automotive HVAC market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive HVAC market?

Technavio also offers customization on reports based on specific client requirement.

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