Global Automotive Shielding Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026
According to Data Bridge Market Research new Market report, global automotive shielding market will account to an estimated USD 7.41 billion in 2018 growing at a CAGR of 7.48% during the forecast period of 2019 to 2026.
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Global Automotive Shielding Market
To protect the vehicles from the heat radiated in the operations of the vehicles, or the electromagnetic dispersions from the electrical components and devices present in the vehicles, a protective layer is installed over the component of the vehicle called automotive shielding. The most common type of EMI occurs in the Radio Frequency (RF) range of the electromagnetic (EM) spectrum. They also protect the other part of the vehicle from getting affected.
Segmentation: Global Automotive Shielding Market
Global automotive shielding market is segmented on the basis of material type, vehicle type, EV type, heat application, EMI application and geography.
By Material Type (Metallic Shield, Non-Metallic Shield), Shielding Type (Heat Shielding, EMI Shielding), Vehicle Type (Passenger Vehicles, Commercial Vehicles), EV Type (BEV, PHEV, HEV, FCEV), Heat Application (Turbocharger, Engine Compartment, Exhaust System), EMI Application (Infotainment, Electric Motor, ECM, ACC, FCW, LDW, IPA), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN AUOMOTIVE SHIELDING MARKET
Rapid rise in demand of vehicles
According to International Organization of Motor Vehicle Manufacturers, in 2015 the total sales of vehicles amounted up to an estimated 89 million, where passenger car vehicles amounted up to 66 million of those sales and 23 million of commercial vehicles. This number rose to an estimated 94 million in 2016, where passenger car vehicles amounted to 70 million and 24 million of commercial vehicles sales. In 2017, this number rose to an estimated 97 million in 2017, 71 million of those sales in passenger car vehicles and 26 million in commercial vehicle sales.
Source: OICA (International Organization of Motor Vehicle Manufacturers)
Key Market Competitors: Global Automotive Shielding Market
Few of the major competitors currently working in the automotive shielding market are Dana Limited; 3M; ElringKlinger AG; Marian, Inc.; SCHAFFNER HOLDING AG; PARKER HANNIFIN CORP; Laird; Tenneco Inc.; Tech-Etch, Inc.; Henkel AG & Co. KGaA; Morgan Advanced Materials; Kitagawa Corporation; RTP Company; Seal Methods Inc., and S&A Industries,.
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