Automotive Shielding Market Size, Share, Analysis by Segmentation, Key Players, Growth, Competitive Analysis, Regional Outlook, Global Forecast To 2023

Automotive Shielding Market Size, Share, Analysis by Segmentation, Key Players, Growth, Competitive Analysis, Regional Outlook, Global Forecast To 2023

“Automotive Shielding Market”
Automotive shielding market has seen remarkable growth in the global Market, and it has been observed that it is expected to expand with the CAGR of 6%.

Global Automotive Shielding Market Segmented by Type (Heat, EMI), Heat Application (Engine, Exhaust, and Turbocharger), EMI Application (ACC, IPA, ECM, FCW, LDW, and Electric Motor), Material Type, and Vehicle Type and by Region – Forecast To 2023. Global Automotive Shielding Market is predicted to witness ~ 6% CAGR by 2023

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Key Players:
The prominent players in the automotive shielding market include 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.

Automotive Shielding Market Overview:

An engine compartment, turbocharger and exhaust system are attached closely which generates excessive heat. Thus, automotive shielding is used to lower the temperature of underbody engine and reduces the heat in engine compartment. The importance of heat management system in automobiles is increasing due to use of temperature sensing components in automobiles which requires heat shielding.

The massive growing sales of premium vehicles will boost the demand for heat shielding system with increased number of applications 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. Moreover, the growth of the market is challenged by the high price of the raw materials. The increase trend for customized heat shields with other components increases the growth of the market.

Market Growth Analysis:

Increasing vehicles production across the globe and the increase in demand for safety concerns will further drive the market. Rapid increase in the premium car sales worldwide is expected to create opportunities for the manufacturers, to bring shielding which is more effective and work efficiently by controlling the temperature. Increasing adoption of electrical and electronics components such as engine control module, intelligent park assist in vehicles which increases demand for automotive shielding market.

Increase in demand for fuel efficient vehicles along with stringent environment regulation fuels the demand for passenger car sales which further increases the demand for automotive shielding market. Further, increase in demand for advanced electronics technologies used in electromagnetic interface shielding will create opportunities for the new entrants in the market. High price of the metallic shielding system will hinder the growth of the global automotive Shielding market.

Automotive Shielding 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 assists, 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.

Regional Analysis of Automotive Shielding Market:

Geographically, the global automotive shielding market has been divided into four major regions such as North America, Europe, Asia-Pacific and Rest of the World. Amongst all regions, Asia-Pacific is expected to dominate the growth of the market during the forecast period followed by the North America. Increase in vehicle production, increasing safety concerns and increasing demand for premium vehicles in China and India will drive the growth of the market. Asia-pacific government have applied various safety features in the vehicles which further increases the growth of the automotive shielding in the region.

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining Power of Buyers

3.1.3 Threat of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power of Buyers

3.2 Value Chain/Supply Chain Analysis

Continued….

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