Trending News: Rise In Demand For In-Vehicle Electronic Systems To Drive The Automotive Thermal Management Market

  • According to the new market research report “Automotive Thermal Management Market by Technology (Engine Thermal Mass Reduction, Exhaust Gas Recirculation (EGR), Reduced HVAC System Loading, Active Transmission Warmup, and Others), by Components (Heat Sink, Powertrain Cooling, Heating, Ventilation, and Air Conditioning (HVAC) Systems, Electric Water Pump, Temperature Sensor, Motor, Compressor, Air Filter and Others), by Application (Waste Heat Recovery, Battery Thermal Management, Power Electronics, Front/ Rear Air Conditioning, Engine Cooling, Motor Thermal System, Heated/ Ventilated Seats, and Others), by Vehicle Type (Internal Combustion Engine (ICE), Electric Vehicles and Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2019 to 2027)”, the automotive thermal management market is estimated to reach around USD 66.6 Billion by 2027 at a CAGR of around 5.1% during the review period
  • The rise in demand for in-vehicle electronic systems is a key factor to propel the demand for the automotive thermal management market
  • However, the high cost of thermal management system technology remains a major restraining factor for the market growth
  • With growing environmental concerns, stringent regulations were imposed for emission reduction, thus automotive manufacturers are focusing on reduction of CO2 emission and increased fuel efficiency. This increases the demand for thermal management during the review period
  • The growing demand for in-vehicle electronic systems is expected to propel the automotive thermal management market growth during the assessment period
  • Growing adoption of the electric vehicles is anticipated to boost the automotive thermal management market in the future
  • Limited awareness of advanced thermal systems is likely to act as a challenge for market growth
  • Asia-Pacific
  • Europe
  • MAHLE GmbH:
  • Dana Limited:

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DataBridge Market Research

DataBridge Market Research

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Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach