Automotive HVAC Market: Current Analysis and Forecast (2022-2028)

Automotive HVAC stands for Automotive Heating, Ventilation, and Air Conditioning. It refers to the system used in vehicles to regulate the temperature and air quality inside the passenger compartment. In modern vehicles, the HVAC system often includes features such as air filtration, automatic temperature control, and the ability to direct airflow to specific areas of the cabin. It is a rapidly growing market as the demand for high-end comfort features in vehicles continues to increase. The automotive HVAC market is driven by advancements in technology, increased focus on fuel efficiency, and the growing demand for electric and hybrid vehicles.

The Automotive HVAC Market is expected to grow at a steady rate of around 6% owing to the growth of the automotive industry, particularly in emerging markets, and the increasing demand for electric and hybrid vehicles. Some of the key players in the automotive HVAC market include Denso Corporation, Valeo, Hanon Systems, Mahle GmbH, and Sanden Corporation. These companies are continuously investing in research and development to develop innovative and fuel-efficient HVAC systems.

Based on technology type, the market is segmented into automatic and manual. The automatic segment of the HVAC market is growing at the highest rate due to several factors such as growing concerns over energy consumption and costs, consumers and businesses are demanding more energy-efficient HVAC systems. Automated HVAC systems are designed to optimize energy usage, making them an attractive option for consumers. Additionally, the development of advanced technologies such as smart sensors, artificial intelligence, and the Internet of Things (IoT) has made automated HVAC systems more accessible and easier to use. This has led to increased demand for these systems, driving growth in the automatic segment of the market.

On the basis of vehicle type, the market is categorized into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment holds the largest share of the automatic HVAC market. The passenger segment typically holds the largest share of the automotive HVAC market due to factors such as increasing demand for electric and hybrid vehicles. In these vehicles, HVAC systems play an important role in maintaining thermal comfort for passengers driving the growth of the automotive HVAC market. Additionally, automakers are focused on providing enhanced comfort levels to passengers, particularly in premium and luxury vehicles. This has led to a growing demand for advanced HVAC systems in the passenger segment.

Based on component type, the automotive HVAC market has been classified into evaporator, compressor, condenser, expansion valve and others. The compressor category has a higher growth rate in the automotive HVAC market because of several factors. The growth in global vehicle production has driven the demand for HVAC systems, which in turn has led to an increase in demand for compressors. Additionally, the growing demand for comfort and convenience in vehicles has led to the development of advanced HVAC systems, which use more efficient compressors. Furthermore, the continuous technological advancements in the automotive HVAC industry have resulted in the development of compact, efficient and high-performance compressors that can deliver better cooling performance and improved fuel efficiency. All these factors have contributed to the growth of the compressor category in the automotive HVAC market, and this trend is expected to continue in the future.

For a better understanding of the market adoption of the automotive HVAC market, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Asia Pacific region is experiencing rapid economic growth, particularly in countries such as China, India, and South Korea. This has led to an increase in disposable income and a growing middle class, which has boosted the demand for vehicles equipped with the automotive HVAC system. Additionally, it is the largest market for automotive production, with countries such as China and India being among the top producers of vehicles globally. The increase in vehicle production has led to an increase in demand for HVAC systems in this region. Furthermore, the growing awareness of comfort and convenience features in vehicles has led to an increase in demand for automotive HVAC systems, particularly in the Asia Pacific region. Overall, the combination of rapid economic growth, increase in vehicle production, growing awareness of comfort and convenience features, and supportive government policies have led to the Asia Pacific region having the highest growth rate in the automotive HVAC market.

Some of the major players operating in the market include: Air International Thermal Systems, DENSO CORPORATION, Hanon Systems Marelli Corporation, Johnson Electric Holdings Limited., Keihin., MAHLE GmbH, SANDEN CORPORATION, Sensata Technologies, Inc. and VALEO SERVICE.