Market research & Consulting- NewAge

  The global automotive thermal system market is a critical component of the automotive industry, facilitating efficient thermal management in vehicles. According to a report by TechSci Research titled “ Automotive Thermal System Market  - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F,”  the market was valued at USD 37.42 billion in 2023 and is expected to grow to USD 45.62 billion by 2029, at a compound annual growth rate (CAGR) of 3.37% during the forecast period. This report explores the factors driving growth, key trends, segmentation, and regional insights shaping the future of the automotive thermal system market. Automotive Thermal System Market Drivers 1. Growth of Autonomous and Connected Vehicles The increasing integration of autonomous and connected vehicles is a significant driver of the automotive thermal system market. These vehicles rely on advanced electronics and powertrains, necessitating robust thermal managem...

  According to TechSci Research report, “ Automotive Thermal System Market –  Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global   Automotive Thermal System Market   stood at USD 88.41 billion in 2022 and is anticipated to grow with a CAGR of 6.71% in the forecast period, 2024-2028. The Global Automotive Thermal System Market is a vital component of the automotive industry, responsible for managing temperature and thermal performance in vehicles. These systems are integral to ensuring engine efficiency, passenger comfort, and overall vehicle longevity. One of the central functions of automotive thermal systems is regulating engine temperature. Efficient engine cooling is achieved through components like radiators, cooling fans, and coolant pumps. These systems prevent engines from overheating, optimize combustion, and reduce emissions, aligning with stringent emissions regulations. Passenger comfort is another crucia...