Automotive Telematics System Market Industry Share, Market Types, Business Providers

Market Trends for Automotive Telematics System in the Global Industry Acquire a Massive Increase in the Next Few Years Contains information on the state of growth, competitive environment, and development model in various parts of the world. The automotive shielding Market is projected to grow with a CAGR of more than 4 % during the forecast period. This study focuses on niche markets, potential risks, and detailed strategic strategy analysis across a variety of industries. Competitive Advantage in the Global Nano Sensors Industry

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With the increase in demand for electric vehicles, strict emission norms from governments globally and demand for fuel efficient vehicles rising with a high rate the shielding market for automobiles is expected to witness high demands during the forecast period.
– With the inclusion of more electric based features like digital cockpit, ADAS and infotainment systems, the EMI shielding will witness a high demand in the market. Along with, the upsurge in sales of electric vehicles will drive the market. The sales of electric vehicles in 2019, was around 2.26 million plug in car sales globally, which is 9% higher than the 2018 figures.
– The Internal combustion engine vehicles is witnessing a negative growth rate due to the increasing fuel rates, strict government norms regarding emission and availability of alternative fuel vehicles. The demand for electric vehicles is growing with a higher growth rate because of its environment friendly nature and cost efficiency, along with the lucrative incentives given by the governments globally to boost the demand.
– However, the use of technologically advanced products that help to minimize EMI can restrain the market growth in the forecast period.

Key Market Trends
Passenger Car Segment is Expected to Grow with the Highest CAGR
By vehicle type, Automotive Shielding for passenger cars is expected to outperform passenger vehicles segment. During the forecast period, the production and demand for passenger cars is expected to rise by around 8%. The rising demand for fuel-efficient vehicles and the strict government norms for emission is enhancing the demand for heat shielding for passenger cars.
The adoption of advanced technologies like ADAS, connected cars, advanced infotainment systems etc. is high for passenger cars as compared to commercial vehicles. These advanced features are enhancing the demand for EMI shielding for passenger cars especially luxury and high-end cars.

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The major players in the market are spending heavily on research and development for EMI shielding for passenger cars looking at the high demand from the end-users. For instance, in May 2018, Global electro-chemicals manufacturer, Electrolube, introduced a new range of Form-In-Place EMI shielding materials and a silver conductive adhesive. The product has been successfully tested in China for mobile phones and will be launched for automotive products in Europe, who require reliable and high-performance EMI shielding materials for applications such as automatic mirrors, cameras, radar modules, rear/side detection systems and car audio/entertainment systems.

Asia-Pacific is Expected to be the Largest Market
The Asia-Pacific region is expected to be the market leader for automotive shielding market, followed by Europe and North America. The demand is driven by the high production and demand for automobiles during the forecast period. This demand is attributed by the growing income levels of the people living in the region, which is allowing the people to buy more high-end luxury automobiles.
The electric vehicle market in the region is increasing with a very high growth rate. China is the largest market for electric vehicle globally. The electric vehicle market share in the world�s largest auto market, China, increased from 4.5% to 4.7% and around 1.8 million plug-in electric cars were sold in the country in 2019.
Electric vehicles sales, grew by 20 percent in India in 2019-20. As many as 1.56 lakh EVs were sold in the country in 2019-20 as against 1.3 lakh units in the previous financial year.The major players in the region are investing heavily for incorporation of high-end technologies like connected vehicles to reduce the accidents and enhance the drivers� experience while driving.

Competitive Landscape
The Automotive Shielding Market is highly fragmented, with several players accounting for a smaller portion of market share. Some of the prominent companies in the Automotive Shielding Market are Tenneco, Liard Plc, Henkel, 3M and others. These players are investing heavily in research and development of Automotive Shielding technology.
For instance, in May 2019, Dow has announced new electromagnetic interference shielding technology to enhance its broad and growing portfolio of conductive silicone technologies with the launch of DowSil EC-6601 Electrically Conductive Adhesive. Dow is investing in solutions that address performance challenges and enable high-volume assembly in markets where connectivity, reliability, productivity and the ability to meet specific regulatory requirements are especially important. This advanced material enables manufacturers to increase throughput while reducing or eliminating oven curing for reduced capital expenses and energy usage.

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All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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