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 rising demand for luxury and commercial vehicles, rising electromagnetic compliance requirements, and increasing sales of electric vehicles have led to an increase in the demand for automotive shielding.
Automotive shielding helps to increase fuel efficiency and reduces emissions. The Automotive Shielding Market is divided into two parts—heat shields and EMI shields. The heat shield protects the vehicle body and other components from excessive heat generated by the internal combustion engine and the exhaust system of the vehicle. Whereas, EMI shields are used in electronic devices to eliminate electromagnetic interference (EMI). Electromagnetic interference (EMI) is the disturbance created by external sources such as electronic devices, which affects the electrical circuitry.
Technological advancements and regulations to reduce emissions have increased the number of electronic systems in a vehicle, which in turn has increased the emission of EMI. Manufacturers are using board-level shielding to eliminate excess EMI in a vehicle. Although shielding has been used in vehicles since long, component reliability is considered to be an important factor in the selection of the method of shielding.
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Asia Pacific is estimated to be the fastest growing market for automotive shielding. The market growth in the region can be attributed to the increased vehicle production, growing automotive safety concerns, and the high demand for luxury vehicles in Japan, India, China, and South Korea. Also, the production expansions made by automobile manufacturers to meet the rising consumer demand globally, increasing use of advanced electronics, and growing demand for fuel-efficient vehicles are expected to boost the Automotive Shielding Market in the region.
The heat shielding segment is estimated to be the largest market. The key factor contributing to the overall growth of the heat shields is the increasing demand for commercial vehicles in countries such as the US, China, Japan, Germany, and many others. These vehicles have a high temperature in components such as the engine and exhaust, which drives the demand for heat shields.
The market growth in the passenger car segment can be attributed to high vehicle production of passenger cars, rising demand for fuel-efficient vehicles, increasingly stringent emission norms, and increased use of advanced technologies and electronic components. High demand for personal mobility, increasing per capita income, and improved lifestyle are driving the sales of passenger cars. The adoption of advanced technologies continues to be high for passenger cars in comparison to commercial vehicles.
at its Gigafactory in Nevada, US. Hence, developments and innovations in the field of battery technology are expected to boost the market for automotive shielding in BEVs.
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The Automotive Shielding Market is dominated by a few global players and several regional players. Some of the key manufacturers operating in the market are Laird (UK), ElringKlinger (Germany), Federal-Mogul (US), Morgan Advanced Materials (UK), Dana (US), Henkel (Germany), Kitagawa (Japan), and Schaffner (Switzerland) among others.
- Automotive OEMs
- Companies operating in the automotive shielding ecosystem
- Country-level governments and other policymakers
- Country-level industry associations and experts
- Distributors and suppliers of automotive shielding components
- Electric vehicle manufacturers
- Manufacturers of automotive shielding components
- Manufacturers of automotive shielding
- Raw material manufacturers
- Raw material suppliers
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