The Automotive Shielding Market is expected to grow at a robust CAGR over the forecast period (2020-2027).
The factors driving growth of the Automotive Shielding Market includes growing demand for luxury passenger vehicles, strict regulations imposed by Governments for reducing carbon emissions, rising concerns related to safety of vehicles and improvements in the living standards. Moreover, rising popularity of electric vehicles, integration of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) with components like sensors, radars, and cameras, introduction of new products and rapid urbanization, are boosting the Automotive Shielding Market size. In addition, the increasing investments by leading players on research and development, strategic partnerships and collaborations between companies and rising disposable incomes, are further contributing towards the market growth.
However, growth of the Automotive Shielding Market is hindered attributed to high price of metallic shielding.
The major players operating in the market are Parker Hannifin Corp., KGS Kitagawa Industries Co, Tech-Etch Inc., Tenneco Inc., Laird Inc., Henkel AG & Co. KGaA, Elringklinger AG, Dana Limited, Morgan Advanced Materials Plc., and 3M Company, among others.
Based on Shielding Type, the EMI Shielding segment is predicted to grow at a significant CAGR during the forecast period
Growing adoption of Electromagnetic shielding (EMI) by manufacturers because it reduces electromagnetic interference, and is extremely light weight, are some of the factors pushing growth of the segment.
On the other hand, the Heat Shielding segment is projected to capture the largest market share over the forecast period. Heat shielding protects the body parts and components of vehicles from heat damage, enhances vehicle’s performance and reduce fuel consumption, are some of the factors propelling segment’s growth.
Based on Region, the North America region is anticipated to hold the highest market share during the forecast period
As per the Automotive Shielding Market Forecast, Government policies promoting the manufacturing of electric vehicles, growing adoption of advanced vehicle safety systems, rising population growth rates and high disposable income, are factors augmenting the market growth in the North America region.
Key Developments
- In 2019, Dow introduced electromagnetic interference shielding technology to improve its portfolio of conductive silicone technologies with the introduction of DowSil EC-6601 Electrically Conductive Adhesive.
- In 2019 –Toyochem Co., Ltd., introduced the LIOELM FTS series of thermally conductive adhesive sheets as a heat-dissipation solution in electronic devices.
Market Segmentation
Segmentation by Shielding
- EMI Shielding
- Heat Shielding
Segmentation by Material
- Metallic
- Non-Metallic
Segmentation by Heat Application
- Engine Compartment
- Exhaust System
- Turbocharger
- Under Bonnet
- Under Chassis
- Fuel Tank
- Battery Management
Segmentation by EMI Application
- Adaptive Cruise Control (ACC)
- Electric Motor
- Engine Control Module (ECM)
- Forward Collision Warning (FCW)
- Intelligent Park Assist (IPA)
- Lane Departure Warning (LDW)
- Infotainment
- Blind Spot Detection (BSD)
- Night Vision System (NVS)
- Driver Monitoring System (DMS)
- Automatic Emergency Braking (AEB)
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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Market Research Future takes into account the impact of the novel COVID-19 pandemic on the automotive shielding market 2020.
As per MRFR data the global automotive shielding market is expected to exhibit a solid 6% CAGR over the forecast period from 2017 to 2023.An engine compartment, turbocharger and exhaust system is attached closely which generates excessive heat.
The massive growing sales of premium vehicles will boost the demand for heat shielding system with increased number of application such as adaptive cruise control, forward collision warning in running the vehicle.
Increase in GDP and growing purchasing power of the customers will enhance the growth of the market.
Increasing use of customized heat shield products depending upon the size and shape of the parts increases the demand for the market.
The increase trend for customized heat shields with other components increases the growth of the market.Market Segmentation:The global automotive shielding market is segmented based on shielding type, heat application, EMI application, material type and vehicle type.On the basis of shielding type the market has been segmented by heat shielding, EMI shielding.On the basis of heat application the market has been segmented by engine compartment, exhaust system, turbocharger.On the basis of EMI application the market has been segmented by adaptive cruise control, intelligent park assist, engine control module, forward collision warning, electric motor, lane departure warning.On the basis of material type the market has been segmented by metallic shield and Non-metallic shield.On the basis of vehicle type the market has been segmented by passenger car, light commercial vehicle and heavy commercial vehicle and by Region.Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/6926 Top Key Players: Laird PLC (UK), ElringKlinger AG (Germany), Federal-Mogul Corporation (US), Morgan Advanced Materials (UK), Dana Limited (US), Henkel AG & Company, KGaA (Germany), Kitagawa Europe (Japan), and Schaffner Holding (Switzerland), Autoneum (Switzerland), Progress-WerkOberkirch AG (Germany) are among others.Regional Analysis: In terms of region, the global market for automotive shielding are divided into North America, Europe, Asia-Pacific and Rest of the World.
Final Report will add the Impact of COVID-19 Analysis on Automotive Shielding Industry:The global automotive shielding market is set to gain traction from the rising government initiatives to curb global warming and pollution.
Therefore, manufacturers are focusing in electrification of the vehicles to reduce carbon footprints.
This information is given by Fortune Business Insights™ in a recently published report, titled, “Automotive Shielding Market Size, Share & Industry Analysis, By Shielding Type (Heat Shield and Electromagnetic Interference [EMI] Shield), By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Forecasts, 2020-2027.” The report further states that the automotive shielding market size was USD 7.54 billion in 2019 and is projected to reach USD 16.52 billion by 2027, thereby exhibiting a CAGR of 10.3% during the forecast period.
We understand that this health crisis has brought an unprecedented impact on businesses across industries.
Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Source:https://www.fortunebusinessinsights.com/automotive-shielding-market-103018 This Report Answers the Following Questions:What are the forecast, historical, and current sizes of the market?Which company is set to generate the highest revenue in the coming years?How will the market be affected in terms of growth?Which strategies are the key companies following to surge sales of automotive shields?How will the Covid-19 pandemic impact the market during the forthcoming years?Drivers & Restraints-How will the Outbreak of Covid-19 Pandemic Affect the Market?Owing to the complete lockdown measures declared by the regulatory bodies worldwide, the entire manufacturing operations have come to a standstill.The service sector is also shut down.The above factors are affecting the manufacturing supply chain immensely.
These have mainly impacted those industries that are completely dependent on the goods, services, and materials manufactured in China.The mankind are presently prioritizing their basic needs instead of spending hefty amounts of money on luxurious goods and vehicles.The quarantine measures, as well as the reduced workforce have made it necessary for the manufacturers to shut their production lines.All these above-mentioned factors prove that the overall sales of vehicles would decline and would result in the low demand for automotive shields.
