The global automotive shielding market size will develop at a healthy 6% CAGR between the forecast period 2017- 2023, according to the new Market Research Future (MRFR) analysis. Automotive shielding, simply put, is a method that helps to protect the automotive components through heat insulating materials.
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Various factors are fuelling the global automotive shielding market share. According to the recent MRFR market estimates, such factors include the compliance towards fuel efficiency standards, adoption of electronics-based driving safety and comfort systems, mounting technological advancements, growing introduction of semi-autonomous and autonomous cars, increasing sales of electric vehicle, unprecedented increase in vehicle production, need for fuel-efficient cars, strict emission protocols, demand for autonomous driving, rising electrification of cars, growing adoption of high end electronics, and growing demand for commercial and luxury cars, considerations of safety features.
On the contrary, minimization of EMI in cars and the COVID-19 impact may deter the global automotive shielding market growth over the forecast period.
The MRFR report highlights an inclusive segmental analysis of the global automotive shielding market based on vehicle type, material type, EMI application, heat application, and shielding type.
By type, the global automotive shielding market is segmented into EMI shielding and heat shielding. Of these, the heat shielding segment will lead the market over the forecast period.