The analysts forecast global automotive HVAC controllers market to grow at a CAGR of 4.89% during the period 2018-2022. One trend in the market is transformation of conventional HVAC controls to digital controls.
Traditional switches of the HVAC systems, which 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.
Major key players in the global automotive HVAC controllers market: ACDelco, Microchip Technology, DENSO, Hanon Systems, NXP Semiconductors, and Sensata Technologies.
According to the automotive HVAC controllers market report, one driver in the market is growing demand for vehicles, as well as safety and comfort level therein. Growing demand for vehicles is highly correlated with the growth of the global automotive HVAC controllers market, as most passenger cars are equipped with HVAC controllers.
Global car sales increased by around 5.6% in 2016. Most contribution to it has been made by the sale of SUVs and crossovers in the Chinese and European passenger car markets.
The progress in China was in double digits, whereas the US witnessed stagnant growth.
Further, the automotive HVAC controllers market report states that one challenge in the market is complex design of secondary input devices and increasing number of functions. The complex design of input devices is a challenge due to conflicting requirements.
The complex design incorporates several functions on to one device, which often confuses the driver and other vehicle occupants. The automotive industry is witnessing a trend of producing small-sized vehicles with low-power engines.
Report at www.reportsnreports.com/.aspx?name=1317626.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Few Points from List of Exhibits Provided in Automotive HVAC Controllers Market 2018-2022:
Exhibit 1: Parent market
Exhibit 2: Global automotive component market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global Market size and forecast 2017-2022 ($ bn)
Exhibit 9: Global automotive HVAC controllers market Year-over-year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2017
Exhibit 18: Global automotive HVAC controllers market by vehicle type 2017-2022 (%)
Exhibit 19: Comparison by vehicle type
Exhibit 20: Global automotive HVAC controllers market by passenger car Market size and forecast 2017-2022 ($ bn)