Automotive HVAC Market Size, Trends, Share, Analysis & Forecast 2019-2025

Heating, ventilation and air conditioning (HVAC) systems enable indoor and vehicular environmental comfort to provide thermal comfort and acceptable indoor air quality. Integration of HVAC systems in automobiles has been a major development in the automobile industry. Most of the vehicle manufactured today are equipped with HVAC systems, and the number of vehicles is further expected to increase in the near future. Major factors augmenting the demand for automotive HVAC systems are increasing global automotive sales and soaring need for more luxurious and comfortable travel. As per the Organization Internationale des Constructeurs d'Automobiles, (OICA), the global vehicle production unit reached over 97 million in 2017 compared to nearly 95 million units in 2016. These numbers are further expected to increase in the near future; there by, propelling the market growth over the forecast period.

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Some of the market players of the global automotive HVAC market include Denso Corp., Mitsubishi Heavy Industries Ltd., MAHLE GmbH, Johnson Electric Holdings Ltd., and Calsonic Kansei Corp.

Moreover, the safety and comfort of road transportation, both have been improved by the integration of electronics into automobiles. Sensors integrated HVAC systems yield electronic signals by measuring parameters such as gas or humidity concentration and pressure. Sensata, one of the leading automotive sensor manufacturers develops and markets HVAC sensors across the globe. The company has developed a sensor that changes the pressure by reversing the curvature when the critical pressure limit is reached. This provides safety against high-pressure conditions, cut off AC systems in case of any leaks, and control functioning of an AC fan and compressor.

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Geographically, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to dominate the market in 2018 and is further expected to do so over the forecast period. This is due to the presence of key automobile manufacturers, large scale production of vehicles and soaring vehicle demand in emerging economies such as India, China, and South Korea. Moreover, North America and Europe are expected to register significant growth over the forecast period. Furthermore, the market consists of several players which are adopting various strategies such as mergers and acquisitions, product launch, geographical expansion, partnerships and collaborations among others.

Market Segmentation

Global Automotive HVAC Market by Type

o Manual HVAC
o Automatic HVAC

Global Automotive HVAC Market by Vehicle Type

o Passenger Vehicle
o Commercial Vehicle

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