According to a new research study by Transparency Market Research (TMR), the global automotive heat shield market demonstrates a moderately fragmented structure. The top four vendors of automotive heat shields across the world, namely, Federal Mogul Corp., Autoneum Holding AG, Dana Holding Corp., and Lydall Inc., that held nearly 50% of the overall market in 2015, are investing heavily in product innovation and emphasizing on technological advancements of current offerings. Over the coming years, these players are anticipated to increasingly engage into mergers, acquisitions, and strategic alliances, states the research report.