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A08454 | Pages: 335 | Charts: 85 | Tables: 165 |
The global automotive shielding market was valued at $21.9 billion in 2022, and is projected to reach $34.5 billion by 2032, growing at a CAGR of 4.7% from 2023 to 2032.
Report Key Highlighters
Automotive shielding refers to the use of specialized materials and techniques to prevent electromagnetic interference (EMI) within vehicles. As modern vehicles become more electronically advanced, housing an array of intricate systems and components, managing the potential for electromagnetic interference has become crucial to ensure their reliable and safe operation.
The demand for effective automotive shielding is growing due to factors such as rapid evolution of vehicle technologies, increasing electromagnetic emissions regulations, and rise in electric and autonomous vehicles. As vehicles become more interconnected and electronic systems become more complex, the risk of interference rises. Thus, automotive manufacturers and suppliers are investing in innovative shielding solutions that keep pace with these changes.
Moreover, the growing trend toward electric and hybrid vehicles, as well as increased connectivity features in vehicles, lead to greater complexity in terms of electronic components and systems. This complexity increases the risk of electromagnetic interference (EMI) between different systems, leading to a greater need for effective shielding solutions to maintain system integrity and performance.
However, the development and implementation of advanced shielding solutions can be costly, particularly when considering the need for specialized materials, manufacturing processes, and testing. As the automotive industry strives to balance performance with cost-effectiveness, the expense of implementing high-quality shielding can be a significant restraint.
However, increase in integration of advanced driver assistance systems (ADAS) and autonomous driving technologies opens opportunities for innovative shielding solutions. As vehicles rely more on interconnected sensors and communication systems, the need for reliable electromagnetic interference (EMI) shielding becomes critical.
The automotive shielding market is segmented on the basis of material, vehicle type, shielding type, application, and region. On the basis of material, it is fragmented into aluminum, copper, stainless steel, nickel, plastics, foam, and others. By vehicle type, it is segmented into passenger and commercial. By shielding type, the market is classified into heat shielding and electromagnetic induction shielding. By application, it is classified into electromagnetic compatibility (EMC), infotainment systems, advance driver assistance systems (ADAS), electronic control modules, and others. By region, it is classified into North America, Europe, Asia-Pacific, and LAMEA.
[MATERIALGRAPH]
The automotive shielding market size is projected to grow at the highest CAGR of 5.2% during the forecast period and accounted for 31.0% of automotive shielding market share in 2022. Aluminum is often used to construct enclosures and housings for electronic components, control units, sensors, and modules. These enclosures provide physical protection from environmental factors and can contribute to overall electromagnetic compatibility (EMC) by reducing the exposure of sensitive components to external electromagnetic interference. Furthermore, aluminum is an excellent conductor of heat.
In automotive applications, aluminum heat shields are used to protect components from excessive heat generated by exhaust systems, engines, or other high-temperature sources. These shields can help prevent heat-related damage to nearby electronic components. In addition, aluminum is increasingly being used in vehicle chassis and body panels to reduce weight and improve fuel efficiency. While not a primary electromagnetic shielding material, aluminum's conductivity can influence the overall electromagnetic behavior of the vehicle. These factors altogether are expected to surge the adoption of automotive shielding process; thus fueling the growth of the automotive shielding market for aluminum material.
[VEHICLETYPEGRAPH]
In 2022, the passenger segment was the largest revenue generator, and is anticipated to grow at a CAGR of 4.9% during the forecast period. The shift towards electric and hybrid vehicles introduces new challenges related to electromagnetic interference. High-voltage components, batteries, and advanced electronics require robust shielding to prevent EMI from affecting critical systems and ensure passenger safety. Moreover, modern vehicles are equipped with advanced infotainment, communication, and driver assistance systems that rely on seamless connectivity.
Effective shielding is crucial to prevent electromagnetic interference that could disrupt communication and data transmission. In addition, advanced driver assistance systems (ADAS) technologies such as radar, LiDAR, and cameras require accurate sensor data. Shielding prevents interference that could compromise the accuracy of these systems, enhancing vehicle safety. These factors surge the popularity of automotive shielding process on passenger vehicles; thus, fueling the growth of the automotive shielding market.
[SHIELDINGTYPEGRAPH]
In 2022 the heat shielding segment was the largest revenue generator, and is anticipated to grow at a CAGR of 4.6% during the forecast period. Heat shielding is experiencing growth in various industries, including the automotive sector, due to several factors that highlight the increasing importance of managing heat generated by components and systems. The growth of heat shielding solutions is driven by technological advancements, regulatory requirements, efficiency considerations, and the expanding use of high-temperature components. In addition, modern vehicles use electronic components and systems that generate heat during operation.
Efficient heat shielding is essential to prevent overheating and maintain the performance and reliability of these electronics. Furthermore, the shift towards electric and hybrid vehicles introduces new thermal challenges. Batteries, electric motors, power electronics, and charging systems require effective heat shielding to manage heat generated during charging, discharging, and operation. These factors may surge the utilization of heat automotive shielding type over modern vehicles; thus, fueling the growth of the automotive shielding market.
[APPLICATIONGRAPH]
By application, the electromagnetic compatibility (EMC) segment was the largest revenue generator, and is anticipated to grow at a CAGR of 4.9% during the forecast period. Automotive shielding is experiencing growth in electromagnetic compatibility (EMC) due to several factors that highlight the increasing importance of managing electromagnetic interference (EMI) and ensuring proper EMC within vehicles. The growth of automotive shielding for EMC is driven by technological advancements, increasing complexity of vehicle electronics, regulatory requirements, and the expanding use of electronic components.
Furthermore, the incorporation of advanced technologies such as infotainment systems, advanced driver assistance systems (ADAS), connectivity features, and autonomous driving functionalities require precise and reliable operation of electronic systems. Effective shielding is essential to prevent interference and ensure these systems function as intended. These factors surge demand for automotive shielding process for electromagnetic compatibility (EMC) application; thus, fueling the market growth.
[REGIONGRAPH]
By region, the Asia-Pacific was the largest revenue generator, and is anticipated to grow at a CAGR of 5.2% during the forecast period. The Asia-Pacific region has been a significant and rapidly growing market in the global automotive industry. The Asia-Pacific automotive shielding market is influenced by factors such as technological advancements, regulatory standards, consumer preferences, economic growth, and industry trends. Many countries in the Asia-Pacific region have experienced substantial economic growth, leading to increase in demand for vehicles, both personal and commercial. This growing automobile market contributes to rise in demand for shielding solutions to ensure vehicle performance and safety.
Furthermore, there is an increase in demand for electric vehicles (EVs) due to pollution concerns, government incentives, and technology advancements. EVs require effective shielding solutions to manage electromagnetic interference (EMI) and ensure safe operation. Moreover, the adoption of connected vehicle technologies, such as advanced infotainment systems and telematics, is on the rise in the region. This trend creates a need for reliable shielding to prevent electromagnetic interference and ensure seamless connectivity.
In addition, regulatory standards and requirements vary across Asia-Pacific countries, thus influencing the adoption of shielding technologies. Some countries may prioritize certain types of shielding, such as those related to safety or emissions compliance. These factors altogether may fuel the demand for automotive shielding market in the Asia-Pacific region.
The major companies profiled in this report include Tech-Etch, Inc., Morgan Advanced Materials PLC, 3M, Laird Technologies, Inc., PARKER HANNIFIN CORP, ElringKlinger AG, Henkel AG And Co. KGaA, Schaffner Holding AG, Dana Limited, Marian, Inc., Tenneco Inc.
Key Market Segments
Key Market Players