The "Automotive Shielding Market by Shielding (Heat, EMI), Heat Application (Engine, Turbocharger, Battery Management, Fuel Tank), EMI Application (ACC, ECU, LDW, BSD, AEB, FCW, DMS), Material Type, Vehicle (PC, LCV, HCV), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global automotive shielding market, by value, is projected to reach USD 24.7 billion by 2025 from USD 20.2 billion in 2020, at a CAGR of 4.1%.
The market is driven by automotive EMC standards and rigorous test procedures employed by the OEMs to avoid failures of electronics-based critical safety systems. Automotive EMC standards are regulated by authorities such as International Standards Organization (ISO), SAE International, International Electrotechnical Commission (IEC), and others. These authorities have set EMC standards to limit the radiation levels from vehicle electronics. Thus, automotive OEMs and tier 1 component manufacturers are investing heavily to assess the EMC levels while designing vehicles and other electronic components. For instance, Mercedes-Benz inaugurated its EMC test facility called Mercedes Benz Technology Centre (MTC) in Sindelfingen, Germany, in 2019 with an investment of USD 56 million.
Demand for EMI shielding in advanced electronics in connectivity and driving assistance functions is likely to drive the growth of the automotive shielding market during the forecast period.
With advancements in technology, the number of electronic components in a vehicle has increased, which in turn has driven the market for automotive shielding. Electronics and embedded systems control various mechanical and electrical functions in a vehicle and thus play a vital role in automotive technology. The increased number of electronic components can be attributed to the growing demand for comfort and safety features in a vehicle, which accentuates the need for complex electronic circuitry.
Heat shields are installed between the engine compartment and the vehicle cabin to prevent the heat generated by the engine and exhaust system from affecting these electronic systems. Apart from heat shields, EMI shields also help to secure a smooth connection between the electronic components. EMI shielding reduces electromagnetic interference among the electronic components. Thus, the growing number of electronic components in a vehicle is expected to drive the automotive shielding market.
Europe is estimated to play a major role in the automotive shielding market during the forecast period.
Europe is estimated to be the second-largest market in the automotive shielding market. The growth of the automotive shielding industry in this region can be attributed to technological advancements such as the use of high-mobility logistics trucks for their enhanced capabilities. Europe has stringent emission regulations to tackle rising emission levels. Government mandates for increasing fuel efficiency of vehicles and the use of advanced safety features have led to the growth of the automotive shielding market. The region is home to leading manufacturers such as Renault, PSA Group, Volkswagen, BMW, Volvo, and Daimler.
According to the European Automobile Manufacturers Association (ACEA), Europe accounted for 23.2% of the global vehicle production in 2018. The European automotive market registered growth for the past six years despite the recent global automotive slowdown. It has witnessed an increasing demand for passenger cars equipped with advanced electrical and electronics components. The market growth is also driven by the presence of automotive heat shield manufacturers such as ElringKlinger, Lydall, Carcoustics, and Morgan Advanced Materials.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Automotive Shielding Market, by Shielding Type
7.2 Emi Shielding
7.3 Heat Shielding
8 Automotive Shielding Market, by Material Type
8.2 Metallic Shield
8.3 Non-Metallic Shield
9 Automotive Shielding Market, by Heat Application
9.2 Engine Compartment
9.3 Exhaust System
9.5 Under Chassis
9.6 Under Bonnet
9.7 Fuel Tank
9.8 Battery Management (Focus Only On EV)
10 Automotive Shielding Market, by Emi Application
10.2 Adaptive Cruise Control (ACC)
10.3 Electric Motor
10.4 Engine Control Module (ECM)
10.5 Forward Collision Warning (FCW)
10.6 Intelligent Park Assist (IPA)
10.7 Lane Departure Warning (LDW)
10.9 Blind Spot Detection (BSD)
10.10 Night Vision System (NVS)
10.11 Driver Monitoring System (DMS)
10.12 Automatic Emergency Braking (AEB)
11 Automotive Shielding Market, by Vehicle Type
11.2 Passenger Car
11.3 Light Commercial Vehicle (LCV)
11.4 Heavy Commercial Vehicle (HCV)
12 Automotive Shielding Market, by Region
12.2 Asia Pacific
12.4 North America
12.5 Latin America
13 Competitive Landscape
13.1 Competitive Leadership Benchmarking (MQ)
14 Company Profiles
14.1 Key Players
14.1.1 Tenneco Inc
14.1.2 Laird Plc
14.1.4 Morgan Advanced Materials
14.1.5 Dana Incorporated
14.1.7 Parker Hannifin (Chomerics)
14.1.8 Kgs Kitagawa Industries Co
14.1.9 Tech-Etch Inc
14.1.10 Elringklinger Ag
14.1.12 Marian, Inc.
14.1.13 Rtp Company
14.2 Key Players From Other Regions
14.2.1 North America
14.2.3 Asia Pacific
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