Automotive Shielding Market Analysis | 2023-2028

Market Insights

The automotive shielding market was estimated at USD 22.47 billion in 2022 and is likely to grow at a CAGR of 3.98% during 2023-2028 to reach USD 28.5 billion in 2028.

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Market Dynamics

Introduction

Automotive shielding is mainly a shield that safeguards electronic objects in the vehicle from electromagnetic interferences and similarly also other items, such as under the hood, from getting overheated. This shield can be metallic as well as non-metallic. Automotive shielding is used in many areas, such as engine compartments, turbochargers, exhaust systems, adaptive cruise control, infotainment, intelligent park assist, and many others.

Market Drivers

The major factors driving the growth of the automotive shielding market are:

• Unprecedented rise in the growth in vehicle production.
• Growing demand for fuel-efficient vehicles.
• Stringent emission protocols.
• Increasing electrification of vehicles.
• Wider adoption of high-end electronics.
• Considerations of safety features.
• Escalating demand for luxury and commercial vehicles.

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Key Players

Some of the major automotive shielding manufacturers are:

• Federal-Mogul
• Laird PLC
• Morgan Advanced Materials
• Elringklinger Ag
• Dana Incorporated
• Schaffner Holding
• Henkel AG & Company
• KGaA
• The 3M Company
• Parker Chomerics
• Kitagawa Iron Works Co., Ltd
• Tech-Etch Inc.
• Marian, Inc.

Note: The above list does not necessarily include all the top players in the market.

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Segments' Analysis

By Shielding Type

Based on the shielding type, the market has been segmented as EMI shielding and heat shielding. It is estimated that EMI shielding will be the fastest-growing segment in the coming five years. The creation of advanced features and electronic components in a vehicle drives the high demand for this segment. The extensive use of high-end electronics in vehicles further strengthens the market of this segment.

By Vehicle Type

Based on the vehicle type, the market is segmented as passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment is anticipated to register the highest growth during the forecast period. The mounting production of passenger cars, the growing awareness of safety features, the demand for fuel-efficient variants along with the cognizance of stringent emission norms have greatly influenced the growth of this segment.

By Material Type

Based on the material type, the market is divided into metallic and non-metallic segments. Owing to high temperature tolerance in the engine and the exhaust system, along with its remarkable strength, the metallic segment is likely to grow at a higher CAGR in the coming five years.

By Electric Vehicle Type

Based on the electric vehicle type, the market has been segmented as battery electric vehicle, fuel cell electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle. Innovations in the battery technology drive the success of the battery electric vehicle. This, in turn, bolsters the demand for automotive shielding in battery electric vehicles.

Regional Insights

In terms of regions, Asia-Pacific is estimated to have the fastest growth during the forecast period. China, Japan, India, and South Korea are considered to be the growth engines of the region. Growing automobile production, increasing safety concerns, and high demand for luxury vehicles drive the market for automotive shielding in the region during the approaching years.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects automotive shielding market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The automotive shielding market is segmented into the following categories.

By Shielding Type

• EMI Shielding
• Heat Shielding

By Material Type

• Metallic Shield
• Non-Metallic Shield

By Heat Application

• Engine Compartment
• Exhaust System
• Turbocharger

By EMI Application

• Adaptive Cruise Control (ACC)
• Electric Motor
• Engine Control Module (ECM)
• Forward Collision Warning (FCW)
• Intelligent Park Assist (IPA)
• Lane Departure Warning (LDW)
• Infotainment

By Vehicle Type

• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)

By Electric Vehicle Type

• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicle (FCEV)
• Hybrid Electric Vehicle (HEV)
• Plug-In Electric Vehicle (PEV)

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the vehicle types by heat application.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.