The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Automotive Shielding Global Market Report 2024 offers crucial insights into the automotive shielding market help businesses analyse and build stronger strategies.

The automotive shielding market has witnessed significant growth in recent years, driven by factors such as electromagnetic interference concerns, regulatory compliance, and the surge in vehicle connectivity. With advancements in technology and evolving industry demands, the market is poised for substantial expansion, offering innovative solutions to enhance vehicle safety and performance.

Historic Growth and Market Outlook

• The market is on a growth trajectory, expanding from $16.02 billion in 2023 to $17.14 billion in 2024, boasting a CAGR of 7.0%.
• Historic growth can be attributed to concerns regarding electromagnetic interference (EMI), regulatory mandates, and increased vehicle connectivity.
• Projections suggest continued strong growth, with the market expected to reach $22.58 billion by 2028, reflecting a CAGR of 7.1%.

Increased Global Vehicle Production Driving Market Growth

• Rising global vehicle production serves as a catalyst for the automotive shielding market.
• Urbanization and the expansion of global auto manufacturers have led to a surge in vehicle production.
• With automotive shielding essential for electronic components, increased vehicle production translates to heightened demand for shielding materials.

Technological Advancements Enhancing Market Position

• Technological innovations are at the forefront of the automotive shielding market, enabling companies to meet customer demands and strengthen their market presence.
• Bourns, Inc., for example, introduced an automotive-grade semi-shielded power inductor series featuring advanced magnetic silicon-based coating technology.
• These advancements offer superior magnetic shielding and higher operating temperatures, meeting stringent automotive standards.

Strategic Acquisitions Fuel Market Expansion

• TE Connectivity’s acquisition of Kemtron underscores strategic initiatives to expand presence in critical shielding and sealing markets.
• Kemtron specializes in manufacturing radio frequency interference (RFI) shielding and electromagnetic interference (EMI) shielding products, complementing TE Connectivity’s portfolio.
• The acquisition aligns with TE Connectivity’s vision to enhance its offerings and address evolving customer needs.

Market Segmentation and Regional Dynamics

• The market is segmented based on shielding type, material type, and vehicle type, catering to diverse industry requirements.
• Shielding types include heat shielding and EMI shielding, crucial for protecting electronic components.
• Asia-Pacific emerged as the largest region in 2023 and is anticipated to be the fastest-growing region, driven by rapid industrialization and increasing vehicle production.

Trends Shaping the Future of Automotive Shielding

• Major trends in the forecast period include the development of integrated shielding designs, customization for electric vehicles, and the adoption of flexible and conformable shielding.
• Multi-layer shielding and 3D printing for customized shielding solutions are also gaining traction, catering to the evolving needs of the automotive industry.

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https://www.thebusinessresearchcompany.com/report/automotive-shielding-global-market-report

The Automotive Shielding Global Market Report 2024  provides a comprehensive outlook of the automotive shielding market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive shielding market forecast offers a thorough analysis on automotive shielding market size, automotive shielding market share, prominent players and their strategies.

The Table Of Content For The Automotive Shielding Market Include:
1. Automotive Shielding Market Executive Summary
2. Automotive Shielding Market Segments
3. Automotive Shielding Market Size And Automotive Shielding Market Growth Rate
4. Key Automotive Shielding Market Trends
5. Major Automotive Shielding Market Drivers
……
25. Key Mergers And Acquisitions In The Automotive Shielding Market
26. Top Automotive Shielding Companies
27. Automotive Shielding Market Opportunities And Strategies
28. Automotive Shielding Market, Conclusions And Recommendations
29. Appendix

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