Automotive Shielding Market Expected to Showcase Extensive Growth at a Highest CAGR of 6% with Top Vendors: Laird PLC, ElringKlinger AG, Federal-Mogul Corporation
Market Research Future takes into account the impact of the novel COVID-19 pandemic on the automotive shielding market 2020. As per MRFR data the global automotive shielding market is expected to exhibit a solid 6% CAGR over the forecast period from 2017 to 2023.
An engine compartment, turbocharger and exhaust system is 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 application such as adaptive cruise control, forward collision warning in running the vehicle.
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 assist, 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.
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Top Key Players:
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.
Regional Analysis:
In terms of region, the global market for automotive shielding are divided into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to hold the major market revenue share over the forecast period. Increase in the sales of vehicles in the Asia-Pacific and more awareness towards the safety will drive them to hold the highest market share throughout the forecast period.
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Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Automotive shielding Market Segmentation
Continued...…
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