Global Automotive Shielding Market: Overview
“The global Automotive Shielding market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Automotive shielding known as exhaust heat management system is a type of protective layer which is installed over the components of the vehicles.
It protects components from the heat radiated in the operations of the vehicles or the electromagnetic dispersions from the electrical components.
This is mainly used in engine compartment exhaust systems, and turbochargers to protect vehicle components and bodywork from excessive heat.
Global Automotive Shielding Market: Dynamics
The automotive shielding market is driven by increasing vehicle production, rising demand for fuel-efficient vehicles, growing safety concerns, along with high adoption of advanced electrical and electronic components in the vehicle.
Moreover, technological advancements such as electronics systems with features like intelligent park assistance systems (IPAS), driver assistance systems, and automatic driving cars are attracting industries to invest in the automotive shielding market.
In February 2018, for instance, US-based Tech-Etch, Inc. introduced a new EMI/RFI shielding gasket with clip-on mounting.
The recent trend observed in the target market is increasing demand for vehicles that are lightweight and offer confined space. So, heat shields should be lightweight and with low density.
Manufacturers such as UK-based Land Rover have started making vehicles with light materials like aluminum to cut down the weight of the vehicle.
Whereas, the high cost of heat shields and the emergence of electric vehicles are the challenges to market growth.
Global Automotive Shielding Market: Segment Analysis
Among the shielding type segments, the EMI shielding segment is projected to account for higher revenue shares in the target market.
Among the material type segments, the metallic shield segment is expected to account major revenue share in the global market.
Among the vehicle type segments, the passenger vehicles segment is anticipated to register a significant growth rate over the forecast period.
Among the heat application segments, the engine compartment segment is projected to account for considerable revenue share in the global market.
All electronic components release heat during operation activity. So, in order to control expansion, EMI shielding is important.
Global Automotive Shielding Market: Region Analysis
Among the regions, the Asia Pacific market is the fastest-growing market of automotive shielding.
The market growth in the region can be attributed to the increasing demand for automobiles, growing safety concerns, and increasing the use of advanced electronics in Japan, China, India, and South Korea.
Moreover, increasing per capita income, rising standards of living, and subsidies from governments for the production of vehicles, along with increased investments in research and development activities with a focus to provide comfort and safety are expected to drive the automotive shielding market in the region.
Whereas, the automotive shielding market in North America and Europe is expected to grow at a moderate growth rate.
Global Automotive Shielding Market Segmentation:
Segmentation by Shielding Type:
- EMI Shielding
- Heat Shielding
Segmentation by Material Type:
- Metallic Shield
- Non-Metallic Shield
Segmentation by Heat Application:
- Engine Compartment
- Exhaust System
Segmentation by Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
- Electric Vehicle
Segmentation by EMI Application:
- Electric Motor
- Engine Control Module (ECM)
- Adaptive Cruise Control (ACC)
- Others (Forward Collision Warning (FCW), Lane Departure Warning (LDW), Intelligent Park Assist (IPA))
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Federal-Mogul Corporation
- Laird PLC
- Morgan Advanced Materials
- Elringklinger Ag
- Dana Incorporated
- Schaffner Holdings
- Henkel AG & Company
- Parker Hannifin Corp
- Kitagawa Industries America, Inc.
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