Global Automotive In-Vehicle Air Purifier Market Report, published by Variant Market Research, forecast that the global market is expected to reach $2,454 million by 2024 from $1,188 million in 2016, growing at a CAGR of 9.5% from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow at a CAGR of 10.3% and 9.8%, respectively, during the forecast period.
"Automotive In-Vehicle Air Purifier Market (By Product: Air Purifier, Air Ionizer, and Hybrid Systems; By Technology: High Efficiency Particulate Arrestor (HEPA) Filter, Active Carbon System, and Photo Catalytic System; By Vehicle: Light Commercial Vehicles, Heavy Commercial Vehicles, and Passenger Cars; By Geography: North America, Europe, Asia-Pacific, and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024"
The global automotive in-vehicle air purifier market is majorly driven by rise in demand for clean and toxin free cabin air, and increasing atmospheric pollution level are the major factors driving the global automotive in-vehicle air purifier market. However, availability of limited global in-vehicle air purifier manufacturers would act as a restraint for the market. Technological advancement and development of low cost air purifiers would provide several growth opportunities for the market in the coming years.
The global automotive in-vehicle air purifier market is bifurcated into product, technology, vehicle, and geography. Product segment includes air purifier, air ionizer, and hybrid systems. Air purifier segment accounted for the largest market share in 2016, followed by hybrid system. However, the hybrid system is anticipated to grow at the highest growth rate due to its increased adoption in luxury vehicles. Additionally, Technology segment is further categorized into active carbon system, high efficiency particulate arrestor (HEPA) filter, and photo catalytic system. By vehicle type, the market is segregated into passenger cars, light commercial vehicles, and heavy commercial vehicles.
Geographically the market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia-Pacific accounted for the largest market share in 2016, and it is anticipated to maintain its dominance during the forecast period. The growth is majorly attributed to the increase in fleet of passenger cars and two wheelers, majorly in China which accounted for more than half of the total Asia-Pacific market. North America accounted for the second largest market share in 2016. In terms of growth, Asia-Pacific is expected to grow at the fastest CAGR of 10.3% during the forecast period 2016-2024.
Major players in the automotive in-vehicle air purifier market include, Eureka Forbes, Purafil, Inc., Kent RO Systems Ltd, Panasonic Corporation, Diamond Air Purifiers, Koninklijke Philips N.V., Sharp Electronics Corporation, Honeywell, ADA Electrotech (Xiamen) Co., Ltd, and Livpure Private Limited, among others.