Lucintel's latest market report analyzed that automotive PTC heater provides attractive opportunities in the IC engine, electric, and hybrid vehicle market. The automotive PTC heater market is expected to reach $XX billion by 2028 with a CAGR of 7% to 9%. In this market, air based is the largest segment by product type, whereas hybrid is largest by vehicle type. Growing demand for PTC heaters with high heating capacity and increasing availability of no engine exhaust heat in electric vehicles during the winter provides strategic growth path in this market.
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Based on product type, the automotive PTC heater market is segmented into air based and water based. The air based segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing usage of air-based PTC for the cabin climatization purposes in both hybrid and electric vehicles and growing availability and popularity of PTC heaters in end use markets.
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The Automotive PTC Heater Market is marked by the presence of several big and small players. Some of the prominent players offering automotive PTC heater include KLC Corporation, Eberspächer, GMN, Caliente, Pelonis Technologies, Mitsubishi Heavy Industries, and BorgWarner.
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