Automotive Shielding Market Share

APAC Market Statistics

 Asia Pacific industry is set to dominate majority revenue share of 39% by 2037, backed by growing number of installed bases of global navigation satellite system (GNSS) devices and rising awareness amongst the automobile manufacturers for electromagnetic interference (EMI) sourced by navigation system. It was found that the Asia Pacific region leads the way in the usage of the navigation system, as it accounted for 900 million GNSS devices in 2021. Some developing countries such as China and India have expanded the automotive industry over the past few years which positively contributes to market growth. Furthermore, the rising initiatives including Vehicle-to-Infrastructure (V21), Vehicle-to-Vehicle (V2V), and Vehicle-to-Pedestrian (V2P) along with advancement in communication technologies are anticipated to increase the adoption rate of electronic systems in vehicles which in turn is projected to boost the global automotive shielding market.

North American Market Forecast   

On the other hand, the North America automotive shielding market is also attributed to grow at a significant rate and hold a noteworthy share. The burgeoning population demanding vehicles and luxurious cars is the major factor projected to increase the adoption of automotive shielding in the upcoming years. Further, the presence of major key players investing in research and development activities to develop fuel-efficient vehicles to curb carbon emissions and government policies to reduce environmental pollution are also anticipated to bring favorable opportunities for market growth in the region.