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SOURCE Research and Markets
DUBLIN, February 4, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/fpd799/automotive_hvac) has announced the addition of the "Concise Analysis of the International Automotive HVAC Market - Forecast to 2018" report to their offering.
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Automotive HVAC systems have been in use for a long time and have evolved over time to meet the changing demands of the automobile market. In current scenario, the market is dominated by automatic HVAC systems that provide the user with the ease of setting the desired cabin temperature while the systems take care of the rest. The automatic HVAC system uses sensors to detect the ambient, in-car temperature and humidity and sends this data to the processing unit, which processes it to decide on the requirements for the blower speed, cooling, etc. These systems currently occupy a majority share of the market and are expected to grow further to dominate the market in the years to come.
Cabin Comfort Systems are components that are largely associated with the luxury passenger car and LCV segment. Power seats, heated seats, and sunroofs are systems which are less associated with the basic function of the vehicle, i.e., transportation, but with the comfort of the people. Power windows have acquired the status of a common technology in modern vehicles, but still are considered a marketing tool in the growing economies of the world. Power windows are expected to be the largest volume generator for this segment, while power seats and sunroof systems are expected to take the lead in terms of revenue depending on the country and region. Heated seats and sunroof markets are still growing and are expected to show a high growth rate over the next five years. These systems cater to a very niche segment of the automotive industry and are therefore low volume markets.
Asia is expected to be the largest market for both the segments - HVAC systems and Cabin Comfort Systems. Pushed by the fast growing markets in China and India, this region is expected to be the dominant force in the automobile industry globally. The market in this region is one, where the price of a vehicle plays a very crucial role in its demand.
The global market revenue from automotive HVAC and cabin comfort systems is expected to grow from $76.1 billion in 2013 to $124.1 billion by 2018 at a CAGR of 10.27% over the five years. The fastest growing market is for heated seats, while the largest market is for HVAC systems.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Technological Overview
6 Automotive Hvac & Cabin Comfort Systems Market, By Geography
7 Global Automotive Hvac Systems Market, By Vehicle Type
8 Global Automotive Hvac Systems Market, By Technology
9 Global Automotive Hvac Systems Market, By Components
10 Global Automotive Cabin Comfort Systems Market, By Types
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/fpd799/automotive_hvac
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