Automotive HVAC Market Size Historical Growth, Analysis, Opportunities and Forecast To 2026

The worldwide Automotive HVAC market is anticipated to reach around USD 31,907 million by 2026 according to a new research published by Polaris Market Research. The passenger car dominated the global automotive HVAC market in 2017. In 2017, Asia-Pacific accounted for the majority share in the global Automotive HVAC market.

 

The significant increase in demand for passenger and commercial vehicles, and growth in global automotive industry boosts the demand for automotive HVAC. The demand for luxury and comfortable vehicles has increased significantly, especially from the emerging economies. Consumers prefer comfortable and enhanced driving experience, which boosts the automotive HVAC market. The increasing awareness among consumers regarding use of eco-friendly products coupled with rising demand for environment friendly refrigerants has encouraged market players to launch efficient automotive HVAC systems. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for Automotive HVAC market in the coming years.

 

 

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In 2017, Asia-Pacific accounted for the highest share in the global Automotive HVAC market. The growing demand for automobiles in the region, established automotive industry, and technological advancements would accelerate the demand for automotive HVAC systems during the forecast period. The governments in the region have introduced stringent regulations regarding vehicular emissions and safety owing to environmental concerns. The increasing economic growth, and increasing demand from countries such as China and India further increases the adoption of automotive HVACs in the region. Expansion of global players into these countries to tap market potential boosts the market growth. The increasing environmental concerns have resulted in increased adoption of environment friendly refrigerants in the region. The adoption of geo-thermal heat pumps further supports the market growth in the region.

 

The well-known companies profiled in the report include Sensata Technologies, Inc., Valeo S.A., Air International Thermal Systems, Delphi Automotive Plc, Johnson Electric Holdings Ltd., Sanden Corporation, Visteon Corporation, Xiezhong International Holdings Ltd., Brose Fahrzeugteile GmbH & Co. Kg, and Mahle Behr GmbH. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Automotive Electronics Market Size Strong Revenue and Competitive Outlook

The increasing demand for passenger cars, and growing penetration of electric and hybrid vehicles majorly drives the market growth. The growing need to improve road safety, and introduction of stringent regulations to enhance vehicular safety and control emissions has accelerated the growth of the automotive electronics market. The development of autonomous vehicles along with growing demand for luxury and comfortable driving experience supports the growth of the market. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, and emerging consumer demographics would provide growth opportunities for automotive electronics market in the coming years.

 

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The Global Automotive Electronics Market is anticipated to reach around USD 490.6 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the passenger vehicles dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Automotive Electronics market.

 

In 2017, Asia-Pacific accounted for the highest share in the global automotive electronics market. The introduction of stringent government regulations regarding vehicular safety and growing penetration of electric and hybrid vehicles accelerates the adoption of automotive electronics in the region. The strong growth in the automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region. Expansion of global players into these countries to tap market potential boosts the market growth.

 

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The global Automotive Electronics market is segmented on the basis of application, vehicle type, sales channel, and geography. Based on application, the market is segmented into Powertrain, ADAS, Safety Systems, Infotainment, Body Electronics, and others. The sales channel segment is categorized into OEM, and aftermarket. OEM accounted for the dominant share in the global automotive electronics market in 2017. The vehicle types in the global automotive electronics market include passenger vehicles, and commercial vehicles.

 

 The well-known companies profiled in the report include Bosch Group, Atmel Corporation, Delphi Automotive, Hitachi Automotive, Texas Instruments, Infineon Technologies, ZF Friedrichshafen AG, ON Semiconductor Corp., OMRON Corporation., and STMicroelectronics N.V. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Automotive Electronics Market Size, Share, Growth Rate, Industry Analysis and Global Forecast – 2026

 The increasing demand for passenger cars, and growing penetration of electric and hybrid vehicles majorly drives the market growth. The growing need to improve road safety, and introduction of stringent regulations to enhance vehicular safety and control emissions has accelerated the growth of the automotive electronics market. The development of autonomous vehicles along with growing demand for luxury and comfortable driving experience supports the growth of the market. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, and emerging consumer demographics would provide growth opportunities for automotive electronics market in the coming years.

 

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The Global Automotive Electronics Market is anticipated to reach around USD 490.6 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the passenger vehicles dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Automotive Electronics market.

 

In 2017, Asia-Pacific accounted for the highest share in the global automotive electronics market. The introduction of stringent government regulations regarding vehicular safety and growing penetration of electric and hybrid vehicles accelerates the adoption of automotive electronics in the region. The strong growth in the automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region. Expansion of global players into these countries to tap market potential boosts the market growth.

 

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The global Automotive Electronics market is segmented on the basis of application, vehicle type, sales channel, and geography. Based on application, the market is segmented into Powertrain, ADAS, Safety Systems, Infotainment, Body Electronics, and others. The sales channel segment is categorized into OEM, and aftermarket. OEM accounted for the dominant share in the global automotive electronics market in 2017. The vehicle types in the global automotive electronics market include passenger vehicles, and commercial vehicles.

 

 The well-known companies profiled in the report include Bosch Group, Atmel Corporation, Delphi Automotive, Hitachi Automotive, Texas Instruments, Infineon Technologies, ZF Friedrichshafen AG, ON Semiconductor Corp., OMRON Corporation., and STMicroelectronics N.V. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Automotive Electronics Market Witness Highest Growth in near future Leading Key Players

New York, NY 20 Nov 2019 : The Global Automotive Electronics Market is anticipated to reach around USD 490.6 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the passenger vehicles dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Automotive Electronics market.

The increasing demand for passenger cars, and growing penetration of electric and hybrid vehicles majorly drives the market growth. The growing need to improve road safety, and introduction of stringent regulations to enhance vehicular safety and control emissions has accelerated the growth of the automotive electronics market. The development of autonomous vehicles along with growing demand for luxury and comfortable driving experience supports the growth of the market. Other factors driving the market growth include growing disposable income, technological advancements, and changing lifestyles. New emerging markets, and emerging consumer demographics would provide growth opportunities for automotive electronics market in the coming years.

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In 2017, Asia-Pacific accounted for the highest share in the global automotive electronics market. The introduction of stringent government regulations regarding vehicular safety and growing penetration of electric and hybrid vehicles accelerates the adoption of automotive electronics in the region. The strong growth in the automotive industry, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. The economic growth in countries such as China, Japan, and India, rising living standards and growing disposable income further increases the demand of automobiles in the region. Expansion of global players into these countries to tap market potential boosts the market growth.

The global Automotive Electronics market is segmented on the basis of application, vehicle type, sales channel, and geography. Based on application, the market is segmented into Powertrain, ADAS, Safety Systems, Infotainment, Body Electronics, and others. The sales channel segment is categorized into OEM, and aftermarket. OEM accounted for the dominant share in the global automotive electronics market in 2017. The vehicle types in the global automotive electronics market include passenger vehicles, and commercial vehicles.

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The well-known companies profiled in the report include Bosch Group, Atmel Corporation, Delphi Automotive, Hitachi Automotive, Texas Instruments, Infineon Technologies, ZF Friedrichshafen AG, ON Semiconductor Corp., OMRON Corporation., and STMicroelectronics N.V. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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