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Automotive shielding market is estimated to be USD 6.89 billion in 2017 and is projected to reach USD 12.24 billion by 2025, at a CAGR of 7.33% during forecast period. Base year for study is 2017 & forecast period is 2018–2025.Automotive shielding market is primarily driven by rising demand for fuel-efficient vehicles, increased vehicle production, growing safety concerns, & high adoption rate of advanced electrical and electronic components in vehicles.
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Ecosystem of automotive shielding market consists of automotive shielding technology manufacturers such as Laird (UK), ElringKlinger (Germany), Federal-Mogul (US), Morgan Advanced Materials (UK), Dana (US), Henkel (Germany), Kitagawa (Japan), and Schaffner (Switzerland) among others.
Top Key Trends
• Automotive OEMs
• Companies operating in the automotive shielding ecosystem
• Country-level governments and other policymakers
• Country-level industry associations and experts
• Distributors and suppliers of automotive shielding components
• Electric vehicle manufacturers
• Manufacturers of automotive shielding components
• Manufacturers of automotive shielding
• Raw material manufacturers
• Raw material suppliers
Automotive shielding market is largely dependent on vehicle production. Despite increasing popularity of EVs, production of ICE vehicles has increased to bridge demand & supply gap. Hybrid & plug-in hybrid, which are fuel-efficient vehicles, have also gained popularity. Increasing production of HEV, PHEV, & ICE vehicles is expected to trigger growth of automotive shielding market.
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Automotive shielding market has been segmented by shielding type (heat & EMI), material type (metallic & non-metallic), heat application (engine compartment, exhaust systems, and turbocharger), EMI application (ACC, electric motor, ECM, infotainment, IPA, LDW, and FCW), vehicle type (passenger car, light commercial vehicle, and heavy commercial vehicle), and region (Asia Pacific, Europe, North America, and the Rest of the World).
The study contains insights provided by various industry experts, ranging from equipment suppliers to Tier-1 companies and Tier-2 companies. The break-up of the primaries is as follows:
• By Company Type: Tier-1–46%, Tier-2–39%, and Tier 3–15%
• By Designation: C—level Executives–51%, Directors–34%, Others–15%
• By Region: North America–31%, Europe–36%, Asia Pacific–29%, RoW–4%
Heat shielding segment is estimated to hold largest market share, by shielding type, in 2018. The major factor contributing to overall growth of heat shields is increasing demand for commercial vehicles in countries such as US, China, Japan, Germany, & many others. These vehicles have a high temperature in components such as engine and exhaust, which drives the demand for heat shields.
More Information on this study “Automotive Shielding Market by Shielding (Heat, EMI), Heat Application (Engine, Exhaust, Turbocharger), EMI Application (ACC, ECU, IPA, LDE, FCW, Electric Motor), Material Type, EV (BEV, HEV), Vehicle (PC, LCV, HCV), and Region - Global Forecast to 2025” research report can be requested at http://www.rnrmarketresearch.com/contacts/purchase?rname=1594830 .
Growth and success of BEVs are dependent on innovations in battery technology. Thus, many automotive players are taking initiatives to develop the battery technology. For instance, in November 2017, Tesla announced its plans to produce a total of 35 GWh battery capacity, annually, at its Gigafactory in Nevada, US. Hence, developments & innovations in field of battery technology are expected to boost market for automotive shielding in BEVs.
Automotive Shielding Market, By Electric Vehicle Type
1 Introduction
2 Battery Electric Vehicle (BEV)
3 Fuel Cell Electric Vehicle (FCEV)
4 Hybrid Electric Vehicle (HEV)
5 Plug-In Hybrid Electric Vehicle (FCEV)
Asia Pacific is estimated to be the fastest growing market for automotive shielding, with China accounting for the largest market share in 2018. The market growth in the region can be attributed to the increased vehicle production, high demand for luxury vehicles, growing safety concerns, and increasing demand for commercial vehicles.
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