Automotive Shielding Market

New Product Development was Another Strategy Widely Followed by Major Players to Gain Traction in the Automotive Shielding Market

The automotive shielding market is projected to grow at a CAGR of 7.33% during the forecast period, to reach USD 12.24 billion by 2025. The key growth drivers for the market are the rising demand for luxury vehicles, increased vehicle production, and increasing demand for electrical and electronic components in vehicles.

Leading players adopted key strategies such as supply contracts, new product development, collaborations, joint ventures, partnerships, and agreements to gain traction in the automotive shielding market. For instance, in October 2017, Federal-Mogul announced the opening of a new sealing facility in China. This new facility would meet the increasing demand for high-performance sealing products from domestic automotive OEMs.

New Product Development was Another Strategy Widely Followed  by Major Players to Gain Traction in the Automotive Shielding Market. For instance, in March 2017, Chomerics launched PREMIER PBT-225, EMI shielding conductive plastic pellets. PBT-225 is specially formulated to deliver excellent hydrolysis resistance, thereby improving long-term aging performance when exposed to typical heat and humidity conditions found on automotive applications. It delivers superior reliability, making metal to plastic housing conversions possible for demanding electronics applications.

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ElringKlinger (Germany) is one of the key players in the automotive shielding market. The company offers lightweight solutions, shielding systems, electromobility & fuel cells, gasket technology, and other non-automotive competence products. It manufactures and supplies automobile spare parts that have various applications in thermal management and sound absorption. ElringKlinger is expanding its production capacities for thermal and acoustic shielding systems in the US. It is planning to open a new facility in Fort Wayne, as part of which up to 150 new jobs would be created by 2022. The new 5,500-square-meter plant would manufacture shielding systems for cars and commercial vehicles; it would also house production, logistics, IT, and R&D facilities.

Another important player in the automotive shielding market is Schaffner (Switzerland). It is involved in the development, production, and sale of electromagnetic interference components, electromagnetic compatibility instrumentation, and test systems. The company developed a new innovative filter solution for the growing E-Mobility market. Schaffner took a step forward in the technology: less copper, smaller volume, and outstanding performance are the results obtained by our new Active Filtering Technology. Excellent attenuation at lower frequencies starting from 100 kHz up to 30 MHz can be now achieved with dramatic size and cost reductions. Schaffner would introduce filters based upon active technology early in 2018.

Related Reports:

Automotive Shielding Market by Shielding (Heat, EMI), Heat Application (Engine, Exhaust, Turbocharger), EMI Application (ACC, ECU, IPA, LDE, FCW, Electric Motor), Material Type, EV (BEV, HEV), Vehicle (PC, LCV, HCV), and Region - Global Forecast to 2025

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Report Code
AT 6469
RI Published ON
7/18/2018
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