About Automotive HVAC
Currently, automotive HVAC market is at maturity stage, hence its adoption is mostly limited to new vehicles production. However, development in technology of automotive HVAC, and evolution in components (such as materials and refrigerants) is keeping the market competitive, further pushing market demand for HVAC systems. The luxury vehicle segment is witnessing developments to integrate HVAC with safety system like ADAS. We expect these developments to be crucial for the HVAC market to pave its way into autonomous vehicles.
Technavio’s analysts forecast the global automotive HVAC market to grow at a CAGR of 8.81% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive HVAC market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of HVAC in vehicles across all regions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive HVAC Market 2016-2020
Technavio recognizes the following companies as the key players in the global automotive HVAC market: Denso, MAHLE, Valeo, and Hanon Systems
Other Prominent Vendors in the market are: Air International Thermal Systems, Japanese Climate Systems Corporation, and Sanden
Commenting on the report, an analyst from Technavio’s team said: “LCD-interfaced automotive HVAC systems were commercialized through luxury cars segment, and are slowly gaining traction in mass segment vehicles. The added benefit of safety features makes these LCD-interfaced HVAC systems ideal for the automotive segment. For instance, these systems provide safety features like motor stall detection, motor shorting, open load, and many more. We expect this development to be a crucial driver for the automotive HVAC market during the forecast period. We expect such developments to allow the automatic HVAC proportion to increase in APAC.”
According to the report, the push for efficiency by the OEMs allowed the automotive industry to shift from manual HVAC systems to automatic HVAC systems in the recent past. Hence, automatic HVAC systems dominated the automotive HVAC market in 2015, and they are expected to consolidate their position during the forecast period. Additionally, there are developments going into automatic HVAC segments that may be crucial drivers for the automotive HVAC market during the forecast period.
Further, the report states that HVAC systems are developed to cater to the needs for reduced humidity, ventilation, and controlled temperature. They are being developed to increase the ease and functionality of enhanced driving comfort. They are thus made available with increased features and functionalities, thereby delivering the capability for faster and efficient heating and cooling processes. Additionally, this equipment can provide pollution-free air flow at a preferred temperature with reduced energy consumption. Effective installation of these air conditioners also involves several alterations in the entire wiring of the automobile. Further, the cost associated with installations (in addition to the very high cost of the product) acts as a barrier toward the increased investment for automotive HVAC systems. For instance, cost of an AC compressor replacement is pegged between $572 to $742.
Denso, MAHLE, Valeo, Hanon Systems, Air International Thermal Systems, Japanese Climate Systems Corporation, Sanden.
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