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Automotive Shielding Market: Top Manufacturers, Business Strategies, Revenue Value And Competitive Landscape

Automotive Shielding Market

Automotive Shielding Market

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Automotive Shielding Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $22.58 billion In 2028 At A CAGR Of 7.1% :

The automotive shielding market size has grown strongly in recent years. It will grow from $16.02 billion in 2023 to $17.14 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to electromagnetic interference (emi) concerns, regulatory compliance, consumer safety concerns, increased vehicle connectivity, globalization of automotive supply chains.

The automotive shielding market size is expected to see strong growth in the next few years. It will grow to $22.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to lightweighting initiatives, autonomous vehicles, electrification of vehicles, advanced driver assistance systems (adas), connectivity in electric vehicles, increased vehicle complexity. Major trends in the forecast period include integrated shielding designs, customization for electric vehicles, flexible and conformable shielding, multi-layer shielding, 3d printing for customized shielding.

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Automotive Shielding Market Major Segments
The automotive shielding market covered in this report is segmented -

1) By Shielding Type: Heat Shielding, EMI Shielding
2) By Material Type: Metallic, Non-Metallic
3) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle

Key Driver - Increased Global Vehicle Production Drives Growth In Automotive Shielding Market

Increasing vehicle production is expected to propel the growth of the automotive shielding market going forward. A vehicle is a machine with an engine and wheels that transports people or cargo. Due to rapid urbanization and the expansion of global auto manufacturers, vehicle production has been on the rise in recent years. Since automotive shielding is used in electronic components of vehicles, increased vehicle production results in an increased demand for automotive shielding. For instance, according to the European Automobile Manufacturers' Association (ACEA), a Belgium-based group in the automobile industry, in 2021, 79.1 million motor vehicles were produced globally, a 1.3% increase from 2020. Therefore, growing vehicle production is driving the growth of the automotive shielding market.

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Prominent Trend - Technological Advancements To Meet Customer Demand And Strengthen Market Position

Technological advancements have emerged as the key trend gaining popularity in the automotive shielding market. Major companies operating in the automotive shielding sector are focused on introducing new technologies to strengthen their market position and meet customer demand. For instance, in June 2022, Bourns, Inc., a US-based manufacturer and supplier of electronic components for power, protection, and sensing solutions, announced a new AEC-Q200-compliant, automotive-grade semi-shielded power inductor series that features a high operating temperature range from -40 °C up to 150 °C. The Bourns Model SRN8040HA Series is constructed using the company's advanced magnetic silicon-based coating technology, which offers superior magnetic shielding while also enabling higher operating temperatures.

Automotive Shielding Market Players
Major companies operating in the automotive shielding market report are Elringklinger AG, Federal-Mogul Holdings LLC, Laird Performance Materials Inc., Marian Inc., Morgan Advanced Materials Plc, Parker Hannifin Corporation, Schaffner Holding AG, 3M Company, Tech-Etch Inc., Tenneco Inc., Autoneum Holding AG, Kitagawa Industries Co. Ltd., Lydall Inc., Henkel AG & Co. KGaA, Electromagnetic Technologies Industries Inc., ETS-Lindgren Inc., Comtest Engineering Srl, HEICO Corporation, TDK Corporation, TE Connectivity Ltd., Rohde & Schwarz GmbH & Co. KG, RTP Company Inc., Panashield Inc., MG Chemicals, SAS Industries Inc., W. L. Gore & Associates Inc., Henkel Corporation, Zippertubing Company, Cuming Microwave Corporation, Fotofab LLC

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the automotive shielding market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive shielding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Shielding Market Report Structure
3. Automotive Shielding Market Trends And Strategies
4. Automotive Shielding Market - Macro Economic Scenario
5. Automotive Shielding Market Size And Growth
…..
27. Automotive Shielding Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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