Automotive multi-domain HVAC system market: Introduction
- Adoption of sensors, such as proximity sensors, photon sensors, and temperature sensors, has increased in a vehicle. This is attributed to a rise in automation of vehicles for enhanced performance and efficiency and comfort and convenience of passengers, which has led to continuous improvement of HVAC systems in vehicles. This, in turn, is expected to fuel the automotive multi-domain HVAC systems market.
- HVAC represents heating, ventilation, and air conditioning in vehicles. HVAC system regulates temperature, ventilation, and dehumidification in the vehicle in order to enhance driving comfort. The automotive multi-domain HVAC system regulates temperature and humidity of the vehicle cabin automatically with the help of sensors and is a luxury feature added to vehicles in order to attract consumers.
Key drivers of global automotive multi-domain HVAC system market
- Increasing demand for sun-sensitive HVAC system, which ensures comfortable cabin environment for all occupants, is propelling the automotive multi-domain HVAC system market. For instance, implementation of photon sensors, which are able to sense solar radiations, coupled with temperature sensors in an intelligent HVAC system enable a vehicle to sense the position of the sun and the temperature of the surrounding, respectively. This enables the HVAC system to automatically regulate the cabin temperature in the vehicle, thereby increasing the efficiency of HVAC system to regulate vehicle cabin temperature.
- Rise in demand for increased performance of vehicle systems, such as HVAC, and technological advances are driving the multi-domain HVAC system market. Furthermore, increased demand for multi-function electronic components is paving the road for innovation in the semiconductor industry, which in turn is boosting the automotive multi-domain HVAC system. For instance, STMicroelectronics has developed a wide range of thermal sensors for several applications including sensors for monitoring rise in temperature in engine and the vehicle cabin. The applications mentioned above have increased the complexity of technology incorporated in the vehicle; however, it is projected to drive the multi-domain HVAC system market.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report
- Rise in trend toward advanced automatic control systems and willingness of consumers to pay more for comfort and luxury have led to an increase in the demand for vehicles incorporated with HVAC systems. Moreover, stringent government regulations pertaining to vehicle emissions and fuel economy call for more advanced and efficient vehicles. HVAC system in a vehicle derives power from the vehicle engine. Therefore, the need for fuel efficient multi-domain HVAC system is rising. For instance, Corporate Average Fuel Economy regulations enacted by National Highway Traffic Safety Administration in U.S. mandate all automakers to increase fuel economy of their passenger cars and light trucks.
- Sales of vehicles have declined globally; however, rise in penetration of SUVs and electric vehicles indicate optimistic growth of the overall automotive market. Rise in demand for sport utility vehicles, which offer more cabin space and advanced HVAC system, is fueling the multi-domain HVAC market. For instance, in 2018, in terms of volume, SUV sales stood at 29.77 million units, which indicated a 6.8% increase, as compared to 27.88 million SUV units sold in 2017. Furthermore, countries including Russia, U.S., Canada, and China were major contributors to total global SUV sales in 2018.
Asia Pacific to be highly lucrative market for automotive multi-domain HVAC systems
- Asia Pacific is witnessing rapid technological advancements. For instance, China is a key country in terms of research and development of electric vehicles. Furthermore, China is witnessing rapid adoption of electric vehicles for both public and personal transport. Strategic partnership between OEMs to increase the production capacity of vehicles in counties, such India, is expected to boost vehicle production. For instance, in May 2018, Toyota Motors and Suzuki Motor Corporation signed a contract to share and expand the manufacturing facility owned by Toyota, at Bengaluru, India, to increase vehicle production. The factors mentioned above offer lucrative opportunities to manufacturers of multi-domain HVAC system in Asia Pacific.
Key players operating in global automotive multi-domain HVAC system market
The global automotive multi-domain HVAC system market is highly concentrated owing to the presence of several top manufacturers. A few key players operating in the market are:
- NXP Semiconductors
- Robert Bosch GmbH
- Delta-T Devices Ltd
- Delphi Automotive LLP
- Eigenbrodt GmbH & Co. KG
- Thermo Sensors Corporation
- Sensata Technologies, Inc.
- Campbell Scientific, Inc.
- Adolf Thies GmbH & Co. KG
- Endress+Hauser Consult AG
- Okazaki Manufacturing Company
Looking for Regional Analysis or Competitive Landscape in Automotive Multi-domain HVAC Systems Market, ask for a customized report
Global Automotive Multi-domain HVAC System Market: Research Scope
Global Automotive Multi-domain HVAC System Market, by Type of Vehicle
Global Automotive Multi-domain HVAC System Market, by Type of Propulsion
- Internal Combustion Engine (ICE)
Global Automotive Multi-domain HVAC System Market, by Type of Autonomous Vehicle
- Fully Autonomous
Global Automotive Multi-domain HVAC System market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.