Automotive Shielding Market to Exhibit Remarkable CAGR in the Coming Years

0
1K

Market Research Future (MRFR) predicts the automotive shielding market to grow at a CAGR of 6% from 2020 to 2027 (forecast period). 

Shields are used in automobiles to safeguard interior and exterior components like the engine compartment, exhaust system, and turbocharger from excessive heat generation. An automotive shielding is also termed as exhaust heat management system. The primary function of an automotive heat shield is to absorb excess heat from an external source by depleting and reflecting the heat. It is primarily used in the engine compartment due to excessive heat generated under the bonnet, thus protecting the vehicle components and bodywork.

The global automotive shielding industry is primarily driven by fuel-efficient vehicles. Increased vehicle production around the world, as well as an increase in demand for safety concerns, will push the market even further. The rapid increase in premium car sales around the world is expected to create opportunities for manufacturers to develop shielding that is more effective and efficient by controlling temperature.

The growing use of electrical and electronic components in vehicles, like engine control modules and intelligent park assist, is driving up demand for the automotive shielding market. Increased demand for fuel-efficient vehicles, combined with stringent environmental regulations, fuels demand for passenger car sales, which in turn fuels demand for the automotive shielding market. Furthermore, the increased demand for advanced electronics technologies used in electromagnetic interface shielding will provide opportunities for new market entrants. However, the high cost of metallic shielding systems will impede the global automotive shielding market's growth.

 

Market Segmentation

The global automotive shielding industry has been segmented based on shielding type, heat application, EMI application, material type, and vehicle type. 

Based on shielding type, the global automotive shielding market has been segmented by heat shielding, EMI shielding. 

Based on heat application, the global automotive shielding market has been segmented by engine compartment, exhaust system, turbocharger. 

Based on EMI application, the global automotive shielding market has been segmented by adaptive cruise control, intelligent park assists, engine control module, forward collision warning, electric motor, lane departure warning. 

Based on material type, the global automotive shielding market has been segmented by metallic shield and Non-metallic shield. 

Based on vehicle type, the global automotive shielding market has been segmented by passenger car, light commercial vehicle, and heavy commercial vehicle.

 

Regional Analysis

Geographically, the global automotive shielding industry has been divided into four major regions like North America, Europe, Asia Pacific and the Rest of the World.

During the forecast period, Asia Pacific is expected to dominate market growth, followed by North America. Increased vehicle production, rising safety concerns, and rising demand for premium vehicles in China and India will drive market growth. The Asia Pacific government has implemented various safety features in vehicles, which contributes to the region's automotive shielding growth.

Key Players

The prominent players active in the automotive shielding market include Laird PLC (UK), Morgan Advanced Materials (UK), ElringKlinger AG (Germany), Federal-Mogul Corporation (US), Dana Limited (US), Henkel AG & Company, KGaA (Germany), Autoneum (Switzerland), Kitagawa Europe (Japan), and Schaffner Holding (Switzerland), Progress-WerkOberkirch AG (Germany) are among others.

Summary

The global automotive shielding industry is predicted to grow at a CAGR of 6% from 2020 to 2027 (forecast period). Shields are used in automobiles to protect the interior and exterior components such as the engine compartment, exhaust system, and turbocharger because of the excessive heat generation from these components. Exhaust heat management system is another name for automotive shielding. The major function of an automotive heat shield is to absorb excess heat from an external source by depleting and reflecting it. It is primarily used in the engine compartment due to excessive heat generated under the bonnet, thus protecting the vehicle components and bodywork.

 

Explore More Market Research Topics;

Automotive Fatigue Sensing Wearable Market

Automotive Gas Charged Shock Absorbers Market

Automotive Haptic Accelerator Pedals Market

Automotive Head Restraints Market

Automotive In Wheel Market

 

Buscar
Categorías
Leer más
Networking
Global Automotive Transmission Engineering Services Outsourcing Market Size, Share, Industry Insights, Trends, Outlook, Opportunity Analysis Forecast To 2032
The global Automotive Transmission Engineering Services Outsourcing Market is expected to reach...
Por leighdiaz6004 2024-12-31 10:15:12 0 2K
Otro
Sustainability Trends in the Acetylglucosamine Market: Green and Eco-friendly Solutions
Addressing Market Dynamics During the PandemicManufacturers are focusing on essential products...
Por mayurgunjal20 2024-08-22 19:39:04 0 2K
Otro
Applications of round ferrite magnets in the motor industry
Wholesale Ferrite magnet The motor, as the heart of modern industry, is widely used in all kinds...
Por zjhq 2024-08-15 03:21:15 0 3K
Juegos
Análisis de precios de jugadores en FC 25: Descubre los mejores valores y estrategias para tu equipo
Análisis de precios de jugadores en FC 25: Descubre los mejores valores y estrategias para...
Por Casey 2025-02-02 12:17:06 0 635
Juegos
Titre : "Achat Crédits FIFA 25 : Maximisez Vos Équipes avec FC 25 Credits et FIFA Coins FC 25
Achat Crédits FIFA 25 : Maximisez Vos Équipes avec FC 25 Credits et FIFA Coins FC...
Por Casey 2025-03-27 21:50:55 0 173