APAC Tops the Automotive HVAC Controllers Market| Technavio

Technavio has published a new market research report on the global automotive HVAC controllers market from 2018-2022. (Graphic: Business Wire)

LONDON--()--The latest market research report by Technavio on the global automotive HVAC controllers market predicts a CAGR of almost 5% during the period 2018-2022.

The report segments the global automotive HVAC controllers market by vehicle type (passenger cars and commercial vehicles) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global automotive HVAC controllers market, according to Technavio automotive researchers:

  • Growing demand for vehicles, as well as safety and comfort level therein: a major market driver
  • APAC dominated the global automotive HVAC controllers market with close to 50% share in 2017
  • ACDelco, Microchip Technology, DENSO, Hanon Systems, NXP Semiconductors, and Sensata Technologies are some of the players in the market

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Growing demand for vehicles, as well as safety and comfort level therein: a major market driver

Growing demand for vehicles, as well as safety and comfort level therein, is one of the major factors driving the global automotive HVAC controllers market. Growing demand for vehicles is highly correlated with the growth of the global automotive HVAC controllers market because most passenger cars are equipped with HVAC controllers. Global car sales increased by around 6% in 2016. Most of the contribution to it has been made by the sale of SUVs and crossovers in the Chinese and European passenger car markets. The SUV market in Europe witnessed an increase in the market share of nearly 27% in 2015.

According to a senior analyst at Technavio for research on automotive electronics, “The automotive sector is consistently developing new products and introducing them to the market. Vehicle comfort is ranked among top three criteria for the purchase of an automobile. Other factors considered by customers while buying vehicles are cost, style and features, and engine capacity. Customer satisfaction is essentially connected to safety. Comfort and material also play a vital role in reducing noise, vibration, and harshness, which enhances driving comfort.”

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APAC: largest automotive HVAC controllers market

Increasing investments in infrastructure and subsequent requirement of additional CVs by construction companies for transportation in countries such as China and India are driving the market in APAC. APAC has the maximum sales growth of passenger cars because of the increasing disposable income of people. In China, sales taxes have been decreased on passenger cars with engine capacity 1.6 liters to boost the passenger car market. The tax revision is expected to be rescheduled again. This will further impact the sales of passenger cars in China. APAC is the dominant region in the automotive HVAC controllers market. The dominance of APAC is owing to the high-volume of passenger cars in the region.

Transformation of conventional HVAC controls to digital controls: key market trend

Traditional switches of the HVAC systems that 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. Modern HVAC controllers offer capacitive touch interface, controlled through proximity capacitive touch sensor, an Infrared sensor remote control, and micro switches. The system drives the blower motor and actuator with the help of H-bridge and high-current switch. The system also provides information related to the safety features such as motor stall detection motor jams' shorting, and open load.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The latest market research report by Technavio on the global automotive HVAC controllers market predicts a CAGR of almost 5% during 2018-2022.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com