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Automotive Shielding Market Size, Share, Growth And Forecast Report 2024 To 2033
Automotive Shielding Market
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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