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Automotive Front & Rear Phygital Shield Market Share

Report ID: GMI12576
Published Date: Dec 2024
Report Format: PDF

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Automotive Front & Rear Phygital Shield Market Share

Forvia Hella, Magna, and Valeo collectively held a substantial market share of over 35% in the automotive front & rear phygital shield industry in 2024. Forvia Hella is investing heavily in connected, sensor-integrated, and sustainable phygital shield solutions. The company aims to dominate smart lighting and advanced sensor integration. By embedding sensor systems into vehicle front and rear shields, Forvia Hella aligns its strategy with electric vehicles (EVs) and autonomous driving technologies, enabling features like ADAS, lane-keeping assistance, and collision avoidance.

Magna, a global leader in automotive technology and components, is diversifying and expanding into emerging markets. In the phygital shield market, Magna focuses on advanced exterior solutions that integrate aerodynamics with sensor technology. Their sensor-integrated fascia systems house radar and cameras for autonomous driving while enhancing aerodynamics to reduce drag and improve fuel efficiency for both electric and internal combustion engine vehicles.

Valeo leverages its strong R&D capabilities to introduce next-generation sensor systems supporting higher autonomy levels. The company targets the growing EV and hybrid vehicle market, capitalizing on the shift towards clean mobility and energy-efficient designs. Valeo's global footprint and innovative approach provide a competitive edge, especially in Europe and North America, where demand for autonomous vehicles and EVs is increasing.

Automotive Front & Rear Phygital Shield Market Companies

Major players operating in the automotive front & rear phygital shield industry are:

Covestro
Forvia Hella
INTOPS
Kia
Magna
Marelli
Motherson Group
Niebling
Plastic Omnium (OPMobility)
Valeo

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive front & rear phygital shield reached USD 613.2 million in 2024 and is set to grow at a 6.4% CAGR from 2025 to 2034, driven by the rise in electric vehicle adoption.

The sensor-integrated shield segment in the automotive front & rear phygital shield industry is expected to exceed USD 600 million by 2034, due to their evolution into "smart shields" that preprocess sensor data, enhancing real-time decision-making for autonomous features.

Germany's market accounted for over 35% of the revenue share in 2024, led by the presence of leading manufacturers like BMW, Mercedes-Benz, and Audi, which boosts demand for phygital shields in autonomous driving.

The key players in the industry include Covestro, Forvia Hella, INTOPS, Kia, Magna, Marelli, Motherson Group, Niebling, Plastic Omnium (OPMobility), and Valeo.