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The heat shield market size is forecast to increase by USD 2.60 billion, at a CAGR of 3.3% between 2023 and 2028. The market is driven by the increasing focus on vehicle safety and thermal management. With the rise of electric vehicles (EVs), there is a growing demand for effective thermal protection to ensure optimal battery performance and improve fuel economy. Moreover, stringent emissions regulations necessitate the use of advanced materials such as carbon fiber composites and lightweight metals for heat shield manufacturing. The aerospace and defense sectors also contribute significantly to the market growth due to their requirement for high-performance thermal management solutions. However, the sharp decline in automobile production and sales in the wake of the global economic downturn poses a challenge to market expansion.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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