Overview and Scope
Automotive shielding refers to a method of safeguarding a vehicle’s body and its components using heat-insulating materials. The automotive shielding is used to protect the automotive components against excessive heat generated by the engine and exhaust systems by employing heat-insulating materials.
Sizing and Forecast
The automotive shielding market size has grown strongly in recent years. It will grow from $16.02 billion in 2023 to $17.14 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to electromagnetic interference (emi) concerns, regulatory compliance, consumer safety concerns, increased vehicle connectivity, globalization of automotive supply chains.
The automotive shielding market size is expected to see strong growth in the next few years. It will grow to $22.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to lightweighting initiatives, autonomous vehicles, electrification of vehicles, advanced driver assistance systems (adas), connectivity in electric vehicles, increased vehicle complexity. Major trends in the forecast period include integrated shielding designs, customization for electric vehicles, flexible and conformable shielding, multi-layer shielding, 3d printing for customized shielding.
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Segmentation & Regional Insights
The automotive shielding market covered in this report is segmented –
1) By Shielding Type: Heat Shielding, EMI Shielding
2) By Material Type: Metallic, Non-Metallic
3) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
Asia-Pacific was the largest region in the automotive shielding market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive shielding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing vehicle production is expected to propel the growth of the automotive shielding market going forward. A vehicle is a machine with an engine and wheels that transports people or cargo. Due to rapid urbanization and the expansion of global auto manufacturers, vehicle production has been on the rise in recent years. Since automotive shielding is used in electronic components of vehicles, increased vehicle production results in an increased demand for automotive shielding. For instance, according to the European Automobile Manufacturers’ Association (ACEA), a Belgium-based group in the automobile industry, in 2021, 79.1 million motor vehicles were produced globally, a 1.3% increase from 2020. Therefore, growing vehicle production is driving the growth of the automotive shielding market.
Key Industry Players
Major companies operating in the automotive shielding market report are Elringklinger AG, Federal-Mogul Holdings LLC, Laird Performance Materials Inc., Marian Inc., Morgan Advanced Materials Plc, Parker Hannifin Corporation, Schaffner Holding AG, 3M Company, Tech-Etch Inc., Tenneco Inc., Autoneum Holding AG, Kitagawa Industries Co. Ltd., Lydall Inc., Henkel AG & Co. KGaA, Electromagnetic Technologies Industries Inc., ETS-Lindgren Inc., Comtest Engineering Srl, HEICO Corporation, TDK Corporation, TE Connectivity Ltd., Rohde & Schwarz GmbH & Co. KG, RTP Company Inc., Panashield Inc., MG Chemicals, SAS Industries Inc., W. L. Gore & Associates Inc., Henkel Corporation, Zippertubing Company, Cuming Microwave Corporation, Fotofab LLC
The automotive shielding market report table of contents includes:
1. Executive Summary
2. Automotive Shielding Market Characteristics
3. Automotive Shielding Market Trends And Strategies
4. Automotive Shielding Market – Macro Economic Scenario
5. Global Automotive Shielding Market Size and Growth
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31. Global Automotive Shielding Market Competitive Benchmarking
32. Global Automotive Shielding Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Shielding Market
34. Automotive Shielding Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Elringklinger AG
Federal-Mogul Holdings LLC
Marian Inc.
Morgan Advanced Materials Plc
Parker Hannifin Corporation
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