Market Size of Automotive Shielding Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Shielding Market Analysis
The automotive shielding Market is projected to grow with a CAGR of more than 4 % during the forecast period.
- With the increase in demand for electric vehicles, strict emission norms from governments globally and demand for fuel efficient vehicles rising with a high rate the shielding market for automobiles is expected to witness high demands during the forecast period.
- With the inclusion of more electric based features like digital cockpit, ADAS and infotainment systems, the EMI shielding will witness a high demand in the market. Along with, the upsurge in sales of electric vehicles will drive the market. The sales of electric vehicles in 2019, was around 2.26 million plug in car sales globally, which is 9% higher than the 2018 figures.
- The Internal combustion engine vehicles is witnessing a negative growth rate due to the increasing fuel rates, strict government norms regarding emission and availability of alternative fuel vehicles. The demand for electric vehicles is growing with a higher growth rate because of its environment friendly nature and cost efficiency, along with the lucrative incentives given by the governments globally to boost the demand.
- However, the use of technologically advanced products that help to minimize EMI can restrain the market growth in the forecast period.
Automotive Shielding Industry Segmentation
Automotive Shielding is used to protect the automotive equipment and parts from the heat generated and electromagnetic induction from several electric devices present in the system. The Automotive Shielding market report covers detailed study on latest trends and developments in metal casting which is segmented by Vehicle Type (Passenger car and Commercial Vehicle), by Shielding Type (Heat Shielding and Electromagnetic Induction Shielding), and Geography. Along with a detailed study on major players, their strategies, technological innovations and financials are also included in the report.
| Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| Shielding Type | |
| Heat Shielding | |
| Electromagnetic Induction Shielding |
Automotive Shielding Market Size Summary
The automotive shielding market is poised for significant growth, driven by the increasing demand for electric vehicles and the stringent emission norms imposed by governments worldwide. As the automotive industry shifts towards more fuel-efficient and environmentally friendly vehicles, the need for effective electromagnetic interference (EMI) shielding becomes paramount. This demand is further amplified by the integration of advanced technologies such as digital cockpits, ADAS, and infotainment systems in vehicles, which require robust shielding solutions. The market is experiencing a shift away from internal combustion engine vehicles due to rising fuel costs and the availability of alternative fuel options, with electric vehicles gaining traction due to their cost efficiency and government incentives.
Passenger cars are expected to dominate the automotive shielding market, driven by the higher adoption of advanced technologies compared to commercial vehicles. The Asia-Pacific region is anticipated to lead the market, supported by the burgeoning demand for automobiles and electric vehicles, particularly in China and India. Major industry players are heavily investing in research and development to enhance EMI shielding technologies, aiming to meet the growing demand from end-users. The market remains highly fragmented, with key companies like Tenneco, Liard Plc, Henkel, and 3M actively developing innovative solutions to address performance challenges and regulatory requirements. These advancements are crucial for supporting the increasing complexity of vehicle electrical systems and ensuring the safety and efficiency of modern automobiles.
Automotive Shielding Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Vehicle Type
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2.1.1 Passenger Cars
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2.1.2 Commercial Vehicles
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2.2 Shielding Type
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2.2.1 Heat Shielding
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2.2.2 Electromagnetic Induction Shielding
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Automotive Shielding Market Size FAQs
What is the current Automotive Shielding Market size?
The Automotive Shielding Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Automotive Shielding Market?
Tenneco Inc., Liard Plc, Henkel , 3M and Morgan Advanced Material are the major companies operating in the Automotive Shielding Market.
