Press release
Increased Global Vehicle Production Drives Growth In Automotive Shielding Market: A Key Driver Powering Automotive Shielding Market Growth In 2025
Automotive Shielding
What Is the Current Automotive Shielding Market Size and Its Estimated Growth Rate?
In recent years, there has been substantial growth in the size of the automotive shielding market. It is projected to escalate from $16.9 billion in 2024 to $17.97 billion in 2025, following a Compound Annual Growth Rate (CAGR) of 6.4%. Factors such as electromagnetic interference (EMI) issues, regulatory compliance, safety concerns among consumers, rise in vehicle connectivity, and the globalization of automotive supply chains have all contributed to this growth during the historical period.
The market size of automotive shielding is predicted to experience significant growth in the forthcoming years, reaching a value of $24.15 billion in 2029, with a compound annual growth rate (CAGR) of 7.7%. The projected growth during the forecast period could be due to factors like initiatives towards lightweighting, self-driving cars, vehicle electrification, cutting-edge driver assistance systems (ADAS), electric vehicle connectivity, and heightened vehicle complexity. Notable trends anticipated within the forecast duration include the development of integrated shielding designs, tailored shielding for electric vehicles, flexible and adaptable shielding, multi-layered shielding, and the application of 3D printing for personalized shielding.
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How Are Emerging Segments Shaping the Automotive Shielding Market Landscape?
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
Subsegments:
1) By Heat Shielding: Exhaust Heat Shields, Engine Heat Shields, Underbody Heat Shields, Turbo Heat Shields, Thermal Insulation Materials
2) By EMI Shielding: Conductive Coatings, Shielding Enclosures, EMI Gaskets, Shielding Films, Metal Foils
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Which Growth Factors Are Influencing Automotive Shielding Market Expansion?
The rise in car production is anticipated to stimulate the expansion of the automotive shielding market. As urbanization progresses swiftly and international auto manufacturers continue to grow, vehicle production has seen a consistent increase in recent years. The surge in vehicle production equates to a rise in demand for automotive shielding, which is utilized in the electronic components of cars. For example, in August 2024, data from the Belgium-based European Automobile Manufacturers' Association showed that new car registrations in the first seven months of 2024 increased by 3.9%, topping 6.5 million units. Some of the biggest markets in the bloc reported mild yet positive growth, such as Spain (+5.6%), Italy (+5.2%), Germany (+4.3%), and France (+2.2%). Therefore, the increasing rate of vehicle production is the driving force behind the growth of the automotive shielding market.
Who Are the Dominant Players Across Different Automotive Shielding Market Segments?
Major companies operating in the automotive shielding market include 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
What Are the Latest Developing Trends in the Automotive Shielding Market?
In the automotive shielding market, technological advancements have emerged as a key trend gaining traction. To stay competitive and meet customer demands, the major companies operating in this sector are introducing innovative technologies. Bourns, Inc., a US-based company specializing in the manufacture and supply of electronic components for power, protection, and sensing solutions, illustrated this trend in June 2022. They announced a new AEC-Q200-compliant, automotive-grade semi-shielded power inductor series that operates optimally in a temperature range from -40 °C to 150 °C. The Bourns Model SRN8040HA Series is constructed using a state-of-the-art magnetic silicon-based coating technology that not only provides superior magnetic shielding, but also supports higher operating temperatures.
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Which Geographic Regions Are Expected to Dominate the Automotive Shielding Market in the Coming Years?
Asia-Pacific was the largest region in the automotive shielding market in 2024.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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Shielding Market?
2. What is the CAGR expected in the Automotive Shielding Market?
3. What Are the Key Innovations Transforming the Automotive Shielding Industry?
4. Which Region Is Leading the Automotive Shielding Market?
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