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Surge in Automotive Sensors Market: A Look At Projected Market Size, Key Players and Trends
Automotive Sensors Market
Unleashing Future Growth in Automotive Shielding Market: A Detailed Analysis of Market Size, Key Players, and Emerging Trends.
What Is The Projected Market Size Of The Global Automotive Shielding Market And Its Growth Rate?
The global automotive shielding market has registered a robust growth in recent years featuring:
•Market size boosted from $16.9 billion in 2024 to $17.97 billion in 2025, growing at a CAGR of 6.4%.
•Growth factors range from EMI concerns, regulatory compliance, consumer safety concerns to increased vehicle connectivity and globalization of automotive supply chains.
•The market is projected to grow to $24.15 billion in 2029 at a CAGR of 7.7% attributed to various factors such as light weighting initiatives, autonomous vehicles, electrification and connectivity of vehicles, and increased vehicle complexity.
What Is Driving The Growth In The Automotive Shielding Market?
The amplifying vehicle production is sequentially boosting the growth of the automotive shielding market. Vehicles, the machines transporting people or cargo, are witnessing increased production attributed to rapid urbanization and expansion of global auto manufacturers. With the rising production of vehicles, there is an increasing demand for automotive shielding, a key component in electronic elements of vehicles. For instance, according to the European Automobile Manufacturers' Association, in 2024, new car registrations surged by 3.9%, with markets in Spain, Italy, Germany, and France reporting robust increments. Thus, escalating vehicle production is substantiating the growth dynamics of the automotive shielding market.
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Who Are the Key Players Driving Automotive Shielding Market Growth?
The automotive shielding market growth is propelled majorly by key players which include:
•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.
What Are The Key Trends In The Automotive Shielding Market?
The global automotive shielding market witnesses the following key trends:
•Integrated shielding designs
•Customization for electric vehicles
•Flexible and conformable shielding
•Multi-layer shielding
•3D printing for customized shielding
What Are The Segments Of The Global Automotive Shielding Market?
The global automotive shielding market is segmented by:
•Shielding Type: Heat Shielding, EMI Shielding
•Material Type: Metallic, Non-Metallic
•Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
Which Region Leads The Automotive Shielding Market?
The Asia-Pacific region led the automotive shielding market in 2024. Expected to remain the fastest-growing area in the projected period, the regions covered in this report span Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Automotive Shielding Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Shielding Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Shielding Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Shielding Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Shielding Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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