Automotive Shielding Market Trend Evaluation with covid-19 impact
June 10, 2020
Automotive Shielding Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Automotive Shielding Market is no different. Derived from the previous market scenario, the Automotive Shielding Market was expected to grow at 8.2% CAGR but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
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The Diverse Stand Point:
The true picture of the market shall not emerge till the time the market is analysed from various point of views. Each vantage point gives better understanding of the market. The market of Automotive Shielding has been viewed from various perspectives such as:
- By Shielding Type (EMI Shielding, Heat Shielding)
- By Material Type (Metallic Shield, Non-Metallic Shield)
- By Heat Application Type (Engine Compartment, Exhaust System, Turbocharger)
- By EMI Type (Adaptive Cruise Control (ACC), Electric Motor, Engine Control Module (ECM), Forward Collision Warning (FCW), Intelligent Park Assist (IPA), Lane Departure Warning (LDW), Infotainment)
- By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle)
- By Electric Vehicle Type (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle, Plug-In Electric Vehicle)
- By Region (North America, Europe, Asia-Pacific, and RoW)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
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Automotive Shielding Market Segment Insights:
Based on the vehicle type, the automotive shielding market is segmented as passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment is anticipated to register the highest growth during the forecast period.
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Based on the shielding type, the market has been segmented as EMI shielding and heat shielding. It is estimated that the EMI shielding will be the fastest-growing segment in the coming five years. The creation of advanced features and electronic components in a vehicle drive the high demand for this segment. The extensive use of high-end electronics in vehicles further strengthen the market of this segment.
Some of the major automotive shielding manufacturers are Federal-Mogul, Laird PLC, Morgan Advanced Materials, Elringklinger Ag, Dana Incorporated, Schaffner Holding, Henkel AG & Company, KGaA, The 3M Company, Parker Chomerics, Kitagawa Iron Works Co., Ltd, Tech-Etch Inc., and Marian, Inc.
Asia-Pacific is estimated to have the fastest growth during the forecast period. China, Japan, India, and South Korea are considered to be the growth engines of the region. Growing automobile production, increasing safety concerns, and high demand for luxury vehicles drive the market for automotive shielding in the region during the approaching years.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Covid-19 Impact Assessment
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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