Automotive Shielding Market:
Growth Opportunities in the Automotive Shielding Market look promising over the next six years. This is mainly due to the strong demand for conformity toward standards of fuel efficiency and electronic-based safety systems and the growing concern of government towards environmental concerns.
Automotive Shielding Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The global automotive shielding market is predicted to witness an upsurge in demand during the forecast period due to the strong demand for conformity toward standards of fuel efficiency and electronic-based safety systems. It has been seen that the government nationwide is basically emphasizing on the environment. Various compliance policies have been introduced by the government associated with the efficient use of fuel. Compliance guidelines for automotive vehicles aid in growing regulatory certainty for manufacturers regarding long investment cycles and aid them in creating new technology in the market. Additionally, standards associated with fuel economy decreased greenhouse gas emissions up to a certain extend. Thus, to address strict regulation on both susceptibility and emission and to improve product immunity, engineers and manufacturers incorporate shielding in product design. Without shielding, vehicles emit electromagnetic energy, which can cause harm, thus designers bring shielding which can control it. Shielding could also be customized according to the weight, size, and specification of vehicles. The rising problem of government towards environmental concerns will further accelerate manufacturers to deploy shielding solutions in vehicles. On the other hand, the factor hampering the growth of the automotive shielding market share in terms of revenue include the increased cost of metallic shielding system.
Shielding Segment Drivers
Based on shielding, the market is segmented into heat shielding and EMI. The EMI is projected to grow at a faster CAGR in the coming years as Electromagnetic shielding (EMI) can reduce electromagnetic interference, which can interrupt devices, equipment, and systems. It consists of metal screens, metal wires, and metal foams and is highly small in size and lightweight. These factors are attracting a large customer base into the market. On the other hand, the head shield is anticipated to dominate the market over the coming years due to the rising adoption by manufacturers for the exhaust system, engine compartment, turbocharger, and others.
Automotive Shielding Market’s leading Manufacturers:
- Tenneco Inc.
- Laird Inc.
- Henkel AG & Co. KGaA
- Dana Limited
- Morgan Advanced Materials Plc.
- 3M Company
- Parker Hannifin Corp.
- KGS Kitagawa Industries Co
- Tech-Etch Inc.
- Elringklinger AG
Automotive Shielding Market Segmentation:
Segmentation by Shielding:
- EMI Shielding
- Heat Shielding
Segmentation by Material:
- Metallic
- Non-Metallic
Segmentation by Heat Application:
- Engine Compartment
- Exhaust System
- Turbocharger
- Under Bonnet
- Under Chassis
- Fuel Tank
- Battery Management
Segmentation by EMI Application:
- Adaptive Cruise Control (ACC)
- Electric Motor
- Engine Control Module (ECM)
- Forward Collision Warning (FCW)
- Intelligent Park Assist (IPA)
- Lane Departure Warning (LDW)
- Infotainment
- Blind Spot Detection (BSD)
- Night Vision System (NVS)
- Driver Monitoring System (DMS)
- Automatic Emergency Braking (AEB)
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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