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(I-AutoNewsWire.com, November 06, 2019 ) Market Overview:
As technology advances, the need to place larger numbers of electrical and electronic systems into automobiles has dramatically increased.
The current trend is to make as many as possible systems to wireless, lowering the manufacturing cost and improving the reliability of the systems by eliminating the wiring.
Placing a large amount of electrical and electronic systems into a very confined space poses the problem of electromagnetic interference (EMI) of these systems from interfering with each other through radiated and conducted emissions, which has increased the need for Automotive Shielding.
Market Dynamics:
Increasing the electrification of vehicles, emission standards, higher adoption of high-end electronics, considerations of safety features, and increased vehicle production are some of the major factors driving the growth of the automotive shielding market.
However, the use of technologically advanced products that help to minimize EMI can restrain the market growth in the forecast period.
Market Segmentation:
The Automotive Shielding market is segmented by Shielding, Heat Application, EMI Application, Vehicle, and Material Type.
By vehicle type, the global Automotive Shielding market is segmented into passenger cars (PC), light commercial vehicle (LCV) and heavy commercial vehicle (HCV). Passenger cars occupy the dominant share of the market, owing to the increased demand for these vehicles in the developing countries of the Asia-Pacific region, especially in China, Japan, and South Korea.
Moreover, the increased production of passenger cars, stringent emission laws, and rising safety features in the passenger car are expected to drive the growth of market. The increased use of advanced technologies and electronic components which would require shielding technologies is expected to boost the growth of the market.
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Geographical Analysis:
The Automotive Shielding market is segmented into the regions as North America, Europe, Asia Pacific, South America, and others.
North America is accounted for the largest share in the global automotive shielding market. The Asia Pacific is expected to be the fastest growing region owing to the increased vehicle production, growing automotive safety concerns, and high demand for luxury vehicles in Japan, India, China, and South Korea.
Competitive Analysis:
Some of the key players include
• Laird
• ElringKlinger
• Federal-Mogul
• Morgan Advanced Materials
• Dana
• Henkel
• Kitagawa
• Schaffner
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DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
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