Automotive Shielding Market accounted for US$ 6.89Bn in 2017 is expected to reach US$ 13.47Bn by 2026 at a CAGR of 8.74%. In automotive shielding is a part of an object designed to protect the object from overheating by dissipating, reflecting or simply absorbing the heat.
The driving factor for the Automotive Shielding Market is the increase in usage of the vehicle, raising awareness for environmental safety and fuel efficiency, increasing demand for electric vehicles and rise in demand luxury and commercial vehicles are the factors. The changing technology and competitors in a market will be the restrains for Automotive Shielding Market.
Automotive Shielding Market
The Automotive Shielding Market is segmented into the vehicle, shielding, Heat Application, EMI Application, Material, and geography. In terms of Vehicle, Passenger car segment will be in High demand due to the personal mobility, increasing per capita income, and improved lifestyle is driving the sales of passenger cars. In Material, a Metallic shield will grow fastest due to its superior strength and the ability to withstand a wide range of temperature in automotive engines and exhaust systems and gives a wide range of dimensions for various electronic systems.
Among region, Asia Pacific is expected to grow at the highest CAGR during the forecast period. China accounting for the largest market share in 2018. The market growth in the region can be attributed to increased vehicle production, high demand for luxury vehicles, growing safety concerns, and an increasing demand for commercial vehicles. Also, the production expansions made by automobile manufacturers to meet the rising consumer demand globally, increasing use of advanced electronics, and growing demand for fuel-efficient vehicles are likely to boost the Automotive Shielding Market in the region.
Automotive Shielding Market share is consolidated, as the key multinational players occupy the major industry share. Federal-Mogul, Laird PLC, Morgan Advanced Materials, Elringklinger Ag, Dana Incorporated, Schaffner, Henkel, 3M, Chomerics, Kitagawa, Tech-Etch, Marian Inc, RTP, Autoneum, Progress-Werk Oberkirch Laird PLC and Morgan Advanced Materials with brand portfolio expansion, mergers, collaborations and acquisitions are the key strategies adopted by the top players. For instance, in 2018, FEV acquires 100% of shares in B&W FAHRZEUGENTWICKLUNG.
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The scope of the Automotive Shielding Market
By Vehicle
- Passenger Cars
- Commercial Vehicles
- Electric Vehicles
By Shielding
- EMI Shielding
- Heat Shielding
By Heat Application
- Engine Compartment
- Turbocharger
- Exhaust System
By EMI Application
- Adaptive Cruise Control (ACC)
- Intelligent Park Assist (IPA)
- Engine Control Module (ECM)
- Electric Motor
- Infotainment
- Others
By Material
- Metallic Shield
- Non-Metallic Shield
By Geography
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
Key Players operating in the Automotive Shielding Market:
- Federal-Mogul
- Laird PLC
- Morgan Advanced Materials
- Elringklinger Ag
- Dana Incorporated
- Schaffner
- Henkel
- 3M
- Chomerics
- Kitagawa
- Tech-Etch
- Marian Inc
- RTP
- Autoneum
- Progress-Werk Oberkirch
- Laird PLC
- Morgan Advanced Materials
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current Automotive Shielding Market outlook. The report encompasses the Automotive Shielding Market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Automotive shielding market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Automotive Shielding Market positioning of competitors.
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