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Driving Automotive Shielding Market Growth in 2025: The Role of Increased Global Vehicle Production Drives Growth In Automotive Shielding Market
Automotive Shielding
Automotive Shielding Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been robust growth in the size of the automotive shielding market. The market is projected to expand from $16.9 billion in 2024 to $17.97 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. Factors contributing to the growth during the historic period include concerns about electromagnetic interference (EMI), regulatory compliance, worries about consumer safety, a surge in vehicle connectivity, and the globalization of automotive supply chains.
How Will the Automotive Shielding Market Size Evolve and Grow by 2029?
In the coming years, the automotive shielding market size is anticipated to experience significant growth, escalating to $24.15 billion in 2029 with a 7.7% CAGR. This projected growth during the forecast period is due to factors such as lightweighting initiatives, autonomous vehicles, vehicle electrification, advanced driver assistance systems (ADAS), electric vehicle connectivity, and increased vehicle complexity. The forecast period will see major trends like integrated shielding designs, customized shielding for electric vehicles, conformable and flexible shielding, multi-layer shielding, and the use of 3d printing for the customization of shielding.
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What Drivers Are Propelling the Growth of Automotive Shielding Market Forward?
The surge in the production of vehicles is projected to fuel the expansion of the automotive shielding market in the future. Vehicles, machines that transport individuals or cargo, are equipped with engines and wheels. Global auto manufacturers have been expanding due to swift urbanization, leading to an increase in vehicle production in recent times. As automotive shielding is a critical part of a vehicle's electronic components, the rise in vehicle production drives up the demand for automotive shielding. For example, as per the European Automobile Manufacturers' Association, a Belgium-based entity, new car registrations nearly hit 6.5 million units, marking a 3.9% increase seven months into 2024. The most significant markets in the bloc experienced modest yet positive growth, with Spain (+5.6%), Italy (+5.2%), Germany (+4.3%), and France (+2.2%) all noting increases. Consequently, the rise in vehicle production is accelerating the expansion of the automotive shielding market.
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Which Emerging Trends Are Transforming the Automotive Shielding Market in 2025?
Extracting advantage from technological advancements has become a predominant trend in the automotive shielding market. Many leading companies in this sector are putting significant efforts into bringing forward innovative technologies to solidify their standing in the market and cater to the needs of their customers. To illustrate, Bourns, Inc., an American company specializing in manufacturing and supplying electronic components for power, protection, and sensing solutions, announced the launch of a new AEC-Q200-compliant, automotive-grade semi-shielded power inductor series in June 2022. This series, known as the Bourns Model SRN8040HA Series, uses the company's pioneering magnetic silicon-based coating technology. This technology enables better magnetic shielding and allows for higher operating temperatures, ranging between -40 °C and 150 °C.
What Are the Key Segments in the Automotive Shielding Market?
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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Who Are the Key Players Shaping the Automotive Shielding Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Automotive Shielding Market?
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
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