Market Research Future (MRFR) believes that the global automotive shielding market 2020 has progressed significantly over the past few years and is on track to achieve a growth rate of 6% between 2018 and 2023 (forecast period).
Top Boosters and Main Barriers
Rising use of vehicles, mounting awareness regarding environment safety as well as fuel efficiency, and stringent standards related to emissions can be major growth boosters in the automotive shielding market across the globe.
In the backdrop of rising technological advancements, the sale of passenger cars has gone up in the past few years. This is due to the rising use of advanced electronics systems that has added numerous new features such as intelligent park assistance system (IPAS). The high popularity of automatic driving cars is prompting more and more industries to make heavy investments in the automotive shielding sector, leading to a robust market growth.
With the unprecedented surge in vehicle production, elevated demand for fuel-efficient vehicles, strict emission protocols, rising electrification of vehicles, widespread adoption of high-end electronics, and the accelerated demand for luxury and commercial vehicles are also working in favor of the global automotive shielding market. Soaring demand for advanced electronics technologies with applications in electromagnetic interface shielding can provide a number of lucrative opportunities to the market vendors in the coming years.
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Top Contenders
- Dana Limited (US)
- ElringKlinger AG (Germany)
- Schaffner Holding (Switzerland)
- Progress-WerkOberkirch AG (Germany)
- Laird PLC (UK)
- Kitagawa Europe (Japan)
- Morgan Advanced Materials (UK)
- Autoneum (Switzerland)
- KGaA (Germany)
- Federal-Mogul Corporation (US)
Market Segmentation
The global market for automotive shielding has been examined thoroughly, considering the primary segments like shielding type, heat application, EMI application, material type and vehicle type.
The shielding types covered in the MRFR report are heat shielding as well as EMI shielding. Some of the chief factors fostering the demand for heat shields includes the high demand for commercial vehicles in nations like the United States (US), Japan, Germany, China, and others. commercial vehicles consist of components with high temperatures, such as the exhaust and engine, which ramps up the demand for heat shields.
The heat application-based segments analyzed by MRFR are exhaust system, turbocharger and engine compartment.
The various EMI applications are intelligent park assist, adaptive cruise control, forward collision warning, engine control module, lane departure warning and electric motor.
Depending on the material type, the market segments are metallic shield as well as non-metallic shield. Metallic shied has the upper hand, given its superior strength as well as the ability to bear different temperatures in automotive engines along with exhaust systems.
The types of vehicles mentioned in the report are light commercial vehicle, heavy commercial vehicle and passenger car.
Regional Insight
The main regions across which the automotive shielding market is anticipated to exhibit growth in the coming years include Europe, Asia Pacific (APAC), North America, and Rest of the World (RoW).
APAC can be the top-performing market for automotive shielding in the following years, with North America securing the second position. High vehicle production, surge in safety concerns combined with the high demand for premium vehicles in India and China can be the chief growth-inducing factors in the regional market. The regional government mandates the integration of various safety features within vehicles, which can result in the growth of the automotive shielding market. Surge in automobile production, hike in safety concerns, and strong demand for luxury vehicles can benefit the regional market in approaching years.
In North America, most of the automotive manufacturers are busy developing advanced and innovative technologies that can offer better connectivity solutions. The emergence of innovative technologies is the outcome of the high demand for luxurious and smart vehicles in the region. Increasing demand for electric as well as autonomous vehicles triggers the demand for electric systems in the region, leading to better growth prospects for the regional market.
Passengers cars are a major hit in Europe, since the people in the region lead a luxurious lifestyle. The passenger car market in the region is quite robust, thanks to the high production of passenger cars, augmented demand for fuel-efficient vehicles, rising number of strict emission norms, and increasing adoption of advanced technologies as well as electronic components. Therefore, the car shielding market in the region is anticipated to note a strong growth over the next few years.
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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
List Of Tables
Table 1 Global Automotive Shielding Market: By Region, 2018-2023
Table 2 North America Automotive Shielding Market: By Country, 2018-2023
Table 3 Europe Automotive Shielding Market: By Country, 2018-2023
Table 4 Asia Pacific Automotive Shielding Market: By Country, 2018-2023
Table 5 RoW Automotive Shielding Market: By Country, 2018-2023
Table 6 Global Automotive Shielding Market, By Shielding Type, By Regions, 2018-2023
Table 7 North America Automotive Shielding Market, By Shielding Type, By Country, 2018-2023
Table 8 Europe Automotive Shielding Market, By Shielding Type, By Country, 2018-2023
Table 9 Asia Pacific Automotive Shielding Market By Shielding Type, By Country, 2018-2023
Table 10 RoW Automotive Shielding Market By Shielding Type, By Country, 2018-2023
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List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Automotive Shielding Market SHARE, By Type, 2017 (%)
FIGURE 9 Global Automotive Shielding Market, By Type, 2018-2023 (USD MILLION)
FIGURE 10 Global Automotive Shielding Market SHARE, By Heat Application, 2017 (%)
List Of Figure
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