Automotive Shielding Market:
Growth opportunities in the automotive shielding market look promising over the next six years. This is mainly due to the increasing concern of the government on environmental issues, conformity toward standards of fuel efficiency, and the growing demand for electronic-based safety systems.
Automotive Shielding Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The factors supporting the global automotive shielding market’s growth include the adaption of fuel efficiency standards and the surging demand for electronic-based safety systems. The government of every country mainly focuses on the environment, resulting in the implementation of multiple compliance policies, thus promoting effective usage of fuel. Also, the compliance guidelines for automotive vehicles helps to augment regulatory assurance for manufacturers associated with large investment cycles and aids in bringing new technology to the market. Thus, to address strict regulations imposed on both susceptibility and emissions and improve product immunity, manufacturers and engineers have integrated shielding with product designs.
Additionally, standards related to the economy reduces greenhouse gas emissions up to a certain extend. In the absence of shielding, vehicles emit harmful electromagnetic energy. Therefore designers promote shielding to control it. Shielding can also be customized as per the weight, size, and specification of vehicles. The accelerating government concern towards environmental issues is promoting manufacturers to make use of shielding solutions in vehicles. However, the driver that may hamper the market’s growth is the high prices of the metallic shielding system.
Shielding Segment Drivers
Based on shielding, the market is segmented into EMI and heat shielding. EMI is projected to witness faster CAGR over the forecast period attributing to its capability to reduce electromagnetic interference, which can distort systems, devices, and equipment’s. The flexible metal wires, metal screens, and metal foams included in the EMI’s are lightweight and small in size. All these factors together help to attract a new customer base. On the other hand, the head shield is expected to lead the market over the forecast period due to the adoption by manufacturers for several uses, including turbochargers, exhaust systems, and engine compartment.
Regional Drivers
On the basis of regional coverage, North America is expected to lead the market over the forecast period owing to the growing automotive safety concern. On the other edge, Asia-Pacific is predicted to expand at a faster CAGR during the forecast period because of many initiatives taken by the government of multiple countries to counter the rising level of pollution.
Automotive Shielding Market’s leading Manufacturers:
- Elringklinger AG
- 3M Company
- KGS Kitagawa Industries Co
- Henkel AG & Co. KGaA
- Tenneco Inc.
- Morgan Advanced Materials Plc.
- Parker Hannifin Corp.
- Tech-Etch Inc.
- Laird Inc.
- Dana Limited
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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