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Heating Ventilation and Air Conditioning (HVAC) is the technology for managing the
internal climate of vehicle cabin. Automotive HVAC facilitates in managing temperature
(hot/cold) for interior environment of vehicle and thus provides ambient comfort for onboard passengers. Automotive HVAC systems consist of switches or knobs on frontend
(generally dashboard) and at the backend of the system, various components such as
blower motors, refrigeration unit and actuators are coupled with ducts through which air
is transferred into interior space of the vehicle. Rising disposable income and changing
lifestyle of consumers are in-turn latent drivers of Latin America automotive HVAC
market. Today these automotive HVAC systems have become required feature, even in
low end passenger vehicle as well as commercial vehicle. Growing demand for
automotive HVAC technology has led to application and product development such as
multi-zone individual air and temperature control. Automatic and manual are the two
types of HVAC systems, which are available in automotive HVAC market. Due to least level
of human intervention, the automatic HVAC system are being installed in large extent,
especially in premium and luxury segment passenger vehicles.
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There are three major factors driving the growth of Latin America automotive HVAC
market which are, development in automobile market across the globe, increasing
climate change and rising awareness for sophisticated features in vehicles. All these
factors are expected to drive growth of automotive HVAC market for the forecast period.
However, fuel economy,...