NOV 22,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Automotive Shielding Market.
Automotive Shielding Market is likely to witness an impressive CAGR of 8.2% during the forecast period. The unprecedented rise in the growth in vehicle production, growing demand for fuel-efficient vehicles, stringent emission protocols, increasing electrification of vehicles, wider adoption of high-end electronics, considerations of safety features, and the escalating demand for luxury and commercial vehicles are the key drivers that bolster the demand for the global automotive shielding market.
Automotive Shielding is mainly a shield that safeguards electronic objects in the vehicle from electromagnetic interferences and similarly also other items such as under the hood from getting over heated. This shield can be metallic as well as non-metallic.
Automotive Shielding is used in a number of areas such as engine compartment, turbocharger, exhaust system, adaptive cruise control, infotainment, intelligent park assist, and many others.
By Shielding Type
Based on the shielding type, the market has been segmented as EMI shielding and heat shielding. It is estimated that the EMI shielding will be the fastest-growing segment in the coming five years. The creation of advanced features and electronic components in a vehicle drive the high demand for this segment. The extensive use of high-end electronics in vehicles further strengthen the market of this segment.
By Material Type
Based on the material type, the market is divided into metallic and non-metallic segments. Owing to high temperature tolerance in the engine and the exhaust system, along with its remarkable strength, the metallic segment is likely to grow at a higher CAGR in the coming five years.
By Electric Vehicle Type
Based on the electric vehicle type, the market has been segmented as battery electric vehicle, fuel cell electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle. Innovations in the battery technology drive the success of the battery electric vehicle. This, in turn, bolsters the demand for automotive shielding in the battery electric vehicles.
In terms of regions, Asia-Pacific is estimated to have the fastest growth during the forecast period. China, Japan, India, and South Korea are considered to be the growth engines of the region. Growing automobile production, increasing safety concerns, and high demand for luxury vehicles drive the market for automotive shielding in the region during the approaching years.
- Laird PLC
- Morgan Advanced Materials
- Elringklinger Ag
- Dana Incorporated
- Schaffner Holding
- Henkel AG & Company
- The 3M Company
- Parker Chomerics
- Kitagawa Iron Works Co., Ltd
- Tech-Etch Inc.
- Marian, Inc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Automotive Shielding Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Customization of the Report:
This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.
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