Automotive Electronics for HVAC Systems Market is anticipated to register a CAGR of 5.7% during the review period. The worldwide automotive electronics for HVAC system is reliably becoming due to the expanded aftermarket and OEM request across the landmasses and mechanical headway in environment control module inside the worldwide automotive industry. Moreover, developing research and improvement capacities among central members in the market is probably going to drive the worldwide market all through the forecast year.
With expanded ecological and supportability concerns, state run administrations overall have laid out and executed regulations to boost and advance the utilization of electric vehicles. Due to government motivating forces and marketing, there has been an enormous development in the imminent acquisition of electric vehicles in different areas. Despite the monetary slump, the expansion in electric vehicle enlistments in Europe might be owing to two legislative activities. In the first place, the European Association's CO2 emanations norms limit the typical carbon dioxide (CO2) discharges per kilometer driven by new vehicles. Second, different European states have expanded endowment plans for electric vehicles as a feature of a market boost to neutralize the impacts of the pandemic on market development. In India, the focal and state legislatures have offered motivations to make electric vehicles more affordable.
Segment Insights
Based on Vehicle Type, the Automotive Electronics for HVAC Systems Market is classified into Light Commercial Vehicle, Passenger Cars, and Heavy Commercial Vehicle.
Based on component, the Market is made up of Electronic Control Unit, Sensor, and Others. Based on the Sales Channel, the Automotive Electronics for HVAC Systems Market segmentation includes OEM and Aftermarket.
Regional Insights
As far as income, Asia-Pacific held the biggest portion of 52.3% in the Automotive Electronics for HVAC Systems market in 2022 and is supposed to keep up with its predominance during the forecast time frame. The consistent interest for HVAC systems and expanding affordable vehicle creation drive the automotive electronics for HVAC systems market in Asia-Pacific. Asia-Pacific is supposed to observe the most elevated development because the producers in this region offer significant expense decreases, attributable to the accessibility of minimal expense work and natural substances.
The rising reception of Electric vehicles across Europe, alongside the outrageous environment conditions around here, advances the automotive electronics for HVAC system market. The region is supposed to have critical development in the automotive aftermarket because of the rising maturing traveler vehicles and the presence of driving makers like Mahle Gathering, Denso Partnership, Valeo Gathering, and Behr-Hella Thermocontrol GmbH.
North America stays a drawn-out development market for the automotive electronics for HVAC systems market, especially in the US, because of its normal volume of automotive creation, an undeniably developing market of electric vehicles, and the rising reception of vehicle wellbeing and productivity innovations.
Major Players
The major players in the market include Mahle GMBH, Denso Corporation, Valeo Group, Continental AG, Sensata Technologies Management Co., Ltd., STMicroelectronics, Infineon Technologies AG, Hanon Systems, Texas Instruments Incorporated., Keihin Corporation, Sanden Holdings Corporation, Johnson Electric Holdings Limited, and Calsonic Kansei Corporation.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 15
1.1 GLOBAL AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEM MARKET, BY COMPONENT 17
1.2 GLOBAL AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEM MARKET, BY VEHICLE TYPE 18
1.3 GLOBAL AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEM MARKET, BY SALES CHANNEL 19
2 MARKET INTRODUCTION 20
2.1 DEFINITION 20
2.2 SCOPE OF THE STUDY 20
2.3 RESEARCH OBJECTIVE 20
2.4 MARKET STRUCTURE 21
3 RESEARCH METHODOLOGY 22
3.1 RESEARCH PROCESS 22
3.2 PRIMARY RESEARCH 23
3.3 SECONDARY RESEARCH 24
3.4 MARKET SIZE ESTIMATION 25
3.5 FORECAST MODEL 26
3.6 LIST OF ASSUMPTIONS 27
4 MARKET DYNAMICS 28
4.1 INTRODUCTION 28
4.2 DRIVERS 29
4.2.1 FLOURISHING DEMAND FOR LUXURY AND COMFORT FEATURES IN THE AUTOMOTIVE INDUSTRY 29
4.2.2 AVAILABILITY OF AFFORDABLE HVAC SYSTEMS AND INCREASED TRAVEL SAFETY 29
4.2.3 GROWING GLOBAL PREVALENCE OF AUTOMOTIVE AFTERMARKET 30
4.2.4 DRIVER IMPACT ANALYSIS 31
4.3 RESTRAINTS 31
4.3.1 LIMITED MARKET GROWTH POTENTIAL DUE TO GLOBAL SEMICONDUCTOR SHORTAGE 31
4.3.2 WORLDWIDE DECREASED AUTOMOTIVE PRODUCTION LIMITING MARKET EXPANSION 32
4.3.3 RESTRAINT IMPACT ANALYSIS 32
4.4 OPPORTUNITY 33
4.4.1 PROMISING GROWTH POTENTIAL OF 'ELECTRIC POWERED' AND SMART VEHICLES INDUSTRY 33
4.4.2 TECHNOLOGICAL INNOVATION AND R&D BY KEY MARKET PLAYERS 33
4.5 IMPACT ANALYSIS OF COVID-19 34
4.5.1 ECONOMIC IMPACT ON THE AUTOMOTIVE INDUSTRY 34
4.5.2 IMPACT ON AUTOMOTIVE PRODUCTION 34
4.5.3 IMPACT ON THE AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEMS MARKET 34
4.5.4 IMPACT ON SUPPLY CHAIN OF AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEMS 35
4.5.4.1 PRICE VARIATION OF KEY RAW MATERIALS 35
4.5.4.2 PRODUCTION SHUTDOWN 35
4.5.4.3 CASH FLOW CONSTRAINTS 35
4.5.4.4 IMPACT ON IMPORT/EXPORT 35
4.5.5 IMPACT ON MARKET DEMAND FOR AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEM 35
4.5.5.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN 35
4.5.5.2 CONSUMER SENTIMENTS 36
4.5.6 IMPACT ON PRICING OF AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEM 36
5 MARKET FACTOR ANALYSIS 37
5.1 SUPPLY CHAIN ANALYSIS 37
5.1.1 R&D 37
5.1.2 COMPONENT SUPPLY 38
5.1.3 MANUFACTURE & ASSEMBLY 38
5.1.4 SALES & DISTRIBUTION 38
5.1.5 END USERS 38
5.2 PORTER'S FIVE FORCES MODEL 39
5.2.1 THREAT OF NEW ENTRANTS 39
5.2.2 BARGAINING POWER OF SUPPLIERS 40
5.2.3 THREAT OF SUBSTITUTES 40
5.2.4 BARGAINING POWER OF BUYERS 40
5.2.5 INTENSITY OF RIVALRY 40
6 GLOBAL AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEM MARKET, BY COMPONENT 41
6.1 OVERVIEW 41
6.2 ELECTRIC CONTROL UNITS 42
6.3 SENSOR 42
6.4 OTHERS 43
7 GLOBAL AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEM MARKET,
BY VEHICLE TYPE 44
7.1 OVERVIEW 44
7.2 PASSENGER CAR 45
7.3 HEAVY COMMERCIAL VEHICLE 45
7.4 LIGHT COMMERCIAL VEHICLE 46
8 GLOBAL AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEM MARKET,
BY SALES CHANNEL 47
8.1 OVERVIEW 47
8.2 OEM 48
8.3 AFTERMARKET 49
9 GLOBAL AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEM MARKET, BY REGION 50
9.1 OVERVIEW 50
9.2 NORTH AMERICA 52
9.2.1 US 54
9.2.2 CANADA 55
9.3 EUROPE 56
9.3.1 EUROPE AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEM MARKET, BY COUNTRY, 2018-2030 57
9.3.1.1 UK: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY COMPONENT, 2018-2030 58
9.3.1.2 UK: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY VEHICLE TYPE, 2018-2030 58
9.3.1.3 UK: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY SALES CHANNEL, 2018-2030 59
9.3.1.4 GERMANY: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY COMPONENT, 2018-2030 59
9.3.1.5 GERMANY: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY VEHICLE TYPE, 2018-2030 59
9.3.1.6 GERMANY: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY SALES CHANNEL, 2018-2030 60
9.3.1.7 FRANCE: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY COMPONENT, 2018-2030 60
9.3.1.8 FRANCE: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY VEHICLE TYPE, 2018-2030 60
9.3.1.9 FRANCE: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY SALES CHANNEL, 2018-2030 61
9.3.2 ITALY 61
9.3.2.1 ITALY: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY COMPONENT, 2018-2030 61
9.3.2.2 ITALY: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY VEHICLE TYPE, 2018-2030 61
9.3.2.3 ITALY: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY SALES CHANNEL, 2018-2030 62
9.3.3 SPAIN 62
9.3.3.1 SPIAN: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY COMPONENT, 2018-2030 62
9.3.3.2 SPAIN: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY VEHICLE TYPE, 2018-2030 62
9.3.3.3 SPAIN: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY SALES CHANNEL, 2018-2030 63
9.3.4 REST OF EUROPE 63
9.3.4.1 REST OF EUROPE: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY COMPONENT, 2018-2030 63
9.3.4.2 REST OF EUROPE: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY VEHICLE TYPE, 2018-2030 63
9.3.4.3 REST OF EUROPE: AUTOMOTIVE ENGINE COOLING SYSTEM MARKET, BY SALES CHANNEL, 2018-2030 64
9.4 ASIA-PACIFIC 65
9.4.1 CHINA 67
9.4.2 INDIA 68
9.4.3 JAPAN 69
9.4.4 AUSTRALIA 70
9.4.5 SOUTH KOREA 71
9.4.6 REST OF ASIA-PACIFIC 72
9.5 REST OF WORLD 73
9.5.1 MIDDLE EAST 75
9.5.2 AFRICA 76
9.5.3 LATIN AMERICA 77
10 COMPETITIVE LANDSCAPE 78
10.1 OVERVIEW 78
10.2 COMPETITIVE BENCHMARKING 79
10.3 MARKET SHARE ANALYSIS 80
10.4 KEY DEVELOPMENTS IN THE EUROPE AUTOMOTIVE ELECTRONICS FOR HVAC SYSTEM MARKET 80