Global Automotive Shielding Market: Key Highlights
Global Automotive Shielding Market: Key Market Dynamics
Global Automotive Shielding Market: Regional Overview
The Asia-Pacific is projected to gain fast growth for the automotive shielding market. Growth in automotive sector in the Asian countries is mainly due to the high demand for luxury vehicles, with increased vehicle production and rising demand for commercial vehicles. Among Asia Pacific, China is one of the prominent destinations for the automotive market, which is projected to drive the market growth. As per PWC, the sales of light vehicles are projected to reach 31.8 million by 2022 from 24.9 million in 2016.
Automotive sector plays a vital role in the boosting the European economy. As per European Commission, around 7% of the EU's GDP is generated by the automotive industry. The rising demand for the automotive vehicles in the region, is expected to drive the market growth. In Europe, 19.2 million vehicles are manufactured every year as per the data shared by the European Automobile Manufacturers Association (ACEA). Rising vehicle production in Europe is expected to grow the automotive shielding market.
Global Automotive Shielding Market: Key Players Overview
Laird plc is a UK based company that provides smart system solutions and wireless communication. The company develops, designs and supplies thermal interface materials, EMC components, wireless connectivity, precision metals, and others. The company offers versatile shielding solutions without impacting the quality of base material.
Morgan advanced materials plc is a UK based company. The company product range includes insulating fibres, bearings and sealing components, ceramics, magnetic materials, mechanical carbon items and electrical which are used in telecommunication, aerospace, medical and automotive sectors. The company offers heat shields design to provide higher performance at elevated temperature conditions.
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