Press release
Automotive Shielding Market Emerging Analysis, Future Growth and Business Opportunities 2027
Automotive Shielding Market
Automotive shielding is used to protect automotive electronic components from heat and electromagnetic interference. In automobile, increase in electronic devices has caused major concerns related to radio frequency interference and electromagnetic interference. Automotive shielding is mainly deployed so that the vehicle can bear the varying temperature of automotive engine and electromagnetic interference (EMI). Heat shields are used in the engine compartment, exhaust system, turbocharger, and many other applications in a vehicle. The development of innovative technologies is an outcome of the increase in demand for luxurious and smart vehicles. Therefore, protection of electric components fosters the growth of the automotive shielding market.
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COVID-19 scenario analysis:
COVID-19 has declined the sale in the automobile industry, thus hampering the growth of the automotive shielding market.
Increase in production of automobile results in more production of automotive shielding, but COVID-19 has declined the growth of the market.
Mobility plays a major role in the automobile market growth and has shut down the production due to this pandemic, and is expected to restart when situation is stable.
Lockdown and slow production of automobiles have led to the low demand for automotive shielding.
COVID-19 is expected to impact all stakeholders in the value chain.
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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The significant factors that impact the growth of the automotive shielding market are increase in electronic component usage in automotive vehicles and increase in vehicle production globally. Moreover, increase in the overall cost of vehicles and rise in complications in the development of the components hamper the growth of the automotive shielding market. Furthermore, increase in sales of electric vehicles and technological development is expected to fuel in the growth of the automotive shielding market.
Increase in electronic component usage in automotive vehicles
Automotive shielding is helpful in bearing various temperatures in automotive engines. Electromagnetic interference is common in vehicles as number of electronic systems are being engaged in very small space. Other systems are interfered by various radiated emissions and can cause several issues and faults. Therefore, automotive shielding provides safety to the systems in vehicles.
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Increase in vehicle production globally
With increase in luxury vehicle production, components in vehicles also increase. More electric components increase the risk of radiated emissions, which can harm other systems of vehicles. Therefore, safety of components in vehicles boosts the growth of the automotive shielding market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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