Global Automotive Shielding Market is valued USD 6.5 billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of 7.74% over the forecast period 2018-2025.
New York 14 September 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Automotive Shielding Market industry is poised to raise USD 12.7 billion by 2025. Rapidly increasing automobile sector because of technological enhancement and increasing use of personal vehicles, strict emission related rules and rising demand of fuel efficiency in vehicles are the main drivers in the growth of Global Automotive Shielding Market. The use of vehicles has increased because of the rise in income and demand of comfortable lifestyle has raised the use of technical innovations to improve the functions and utilities in automobiles and thus this sector is getting the attention of industries for investments. New features like intelligent park assistance system (IPAS) and automatic cars are rising the market. The use of metallic shielding is increasing, since it has good strength and high-temperature bearing capacity, therefore, it is being used in the automotive engine. Besides this, to enhance vehicle’s productivity, putting the huge amount of electronic systems into a very limited space creates the problem of Electromagnetic Interference (EMI) of these systems interfering with each other through conducted and radiated emissions. If they are not controlled properly, the interference can cause a fault in the system or even system failure. Now, most systems being used in vehicles are electronic, they contain more EMI and heavy technology is being used to control EMI and that is a major constraint in the growth of Global Automotive Shielding Market.
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Global Applicant Tracking Systems Market Size study, Global Automotive Shielding Market Size study, by Shielding (Heat, EMI), by Material (Metallic Shield, Non-Metallic Shield), by Vehicle (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), by Electric Vehicle (BEV, HEV, FCEV) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include 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 and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Heat Shield
- EMI Shield
- Metallic Shield
- Non-Metallic Shield
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
By Electric Vehicle:
- Battery Electric Vehicle
- Fuel Cell Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- North America
- Asia Pacific
- Latin America
- Rest of the World