Global Automotive HVAC Controllers Market 2018-2022
About Automotive HVAC Controllers
The HVAC system is equipped with a control system that regulates the operation of a heating or air condition system. A sensing device is used to compare the actual state with a target state and temperature is set accordingly. The controllers and most terminal unit controllers are programmable, and the direct digital control program code might be customized for the intended use.
Technavio’s analysts forecast the global automotive HVAC controllers market to grow at a CAGR of 4.89% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive HVAC controllers market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive HVAC Controllers Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive HVAC controllers market: ACDelco, Microchip Technology, DENSO, Hanon Systems, NXP Semiconductors, and Sensata Technologies.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is transformation of conventional HVAC controls to digital controls. Traditional switches of the HVAC systems, which are prone to wear and tear, are being replaced with interactive LCD-based systems for robustness and longevity of the system. Digital HVAC controls are replacing traditional switches used for vent positions, blower speed, and temperature control.”
According to the report, one driver in the market is growing demand for vehicles, as well as safety and comfort level therein. Growing demand for vehicles is highly correlated with the growth of the global automotive HVAC controllers market, as most passenger cars are equipped with HVAC controllers. Global car sales increased by around 5.6% in 2016. Most contribution to it has been made by the sale of SUVs and crossovers in the Chinese and European passenger car markets. The progress in China was in double digits, whereas the US witnessed stagnant growth.
Further, the report states that one challenge in the market is complex design of secondary input devices and increasing number of functions. The complex design of input devices is a challenge due to conflicting requirements. The complex design incorporates several functions on to one device, which often confuses the driver and other vehicle occupants. The automotive industry is witnessing a trend of producing small-sized vehicles with low-power engines.
ACDelco, Microchip Technology, DENSO, Hanon Systems, NXP Semiconductors, and Sensata Technologies.