The global automotive climate control market was valued at $12 billion in 2016 and is expected to surpass $15 billion by 2021, says Technavio.
Technavio has announced its latest market research report on automotive climate control during the forecast period, 2017-2021. This market analysis, under the automotive electronics vertical, discusses the major drivers and key emerging trends that will influence the growth of the global automotive climate control market during the forecast period. Some of the top vendors listed in this industry analysis include DENSO, Hanon Systems, MAHLE, and Valeo.
In terms of geographical analysis, APAC will be the largest region in the global market, and is expected to reach revenues of more than $10 billion by 2021. China, India, and Japan will emerge as the key revenue-generators.
“The automotive OEMs are developing zoned climate control systems that allow individuals to adjust the temperature of their seating area. These systems are designed with individual temperature sensor that reads the current temperature of the specified area and adjusts the temperature accordingly. The manufacturers are introducing multi-zone climate control systems that divide the cabin into three zones, namely, the driver, front passenger, and rear seat areas. Luxury car brands like Lexus, BMW, and Audi are creating differentiated multi-zone climate control system to attract more consumers,” says Siddharth Jaiswal, a lead analyst at Technavio for research on automotive electronics.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Growing demand for automatic climate control system against manual climate control system
The manufacturers are focusing on developing automatic climate control systems to meet the growing demand for automobiles in APAC. Automatic climate systems require the least human intervention and the companies are motivated to differentiate their products from those of their competitors. The vendors are introducing compact systems, improved air quality, and sensors in climate control systems. For instance, the introduction of multi-zone systems has been increasing because of the growing demand for comfort and luxury in vehicles.
Climate control unit increasing the comfort in long-distance travel
Climate control systems are very popular among the end-users who prefer long-distance traveling. The LCV segment in the US and China are the early adopters of this systems. The growing need for climate control is driven by the requirement to increase comfort and reduce stress. The rise in the traffic congestion in metro cities is resulting in stretched commuting time and helps in the boosting the demand for systems in the market.
Growing popularity of automotive thermal system is pushing the climate control system adoption
The climate control system is an integral part of the automotive thermal system, and the demand for automotive thermal systems has a direct influence on the demand for automotive climate control systems. The surging electrification of vehicles, stringent emission norms and increasing use of eco-friendly refrigerants will have a positive impact on the market. The rising demand for effective thermal systems in electric and hybrid powertrains will fuel the growth of this market.
Other prominent vendors identified in this report are Air International Thermal Systems, Japanese Climate Systems Corporation, and Sanden.
This research report includes an in-depth analysis, market shares and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Climate Control Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive HVAC Market 2016-2020
- Global Automotive Heated Seats Market 2016-2020
- Global Automotive Telematics Market 2016-2020
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