Press release
Automotive Shielding Market on Path to Hit $23.33 Billion by 2029 at 7.1% CAGR
Automotive Shielding Market
Automotive Shielding Market Outlook: What Size And CAGR Are Anticipated By 2025?
Over recent years, the market size of automotive shielding has witnessed consistent growth. It is predicted to expand from a value of $16.9 billion in 2024 to an estimated $17.74 billion in 2025, which represents a compound annual growth rate (CAGR) of 5.0%. The driving forces behind this growth during the historic period include issues related to electromagnetic interference (EMI), regulatory compliance necessities, concerns over consumer safety, enhanced vehicle connectivity, and the global expansion of automotive supply chains.
What Is the Expected CAGR for the Automotive Shielding Market Growth Through 2029?
In the upcoming years, the automotive shielding market is projected to experience robust expansion. It is anticipated to rise to $23.33 billion in 2029, with a compound annual growth rate (CAGR) of 7.1%. The increased growth during the predicted period can be linked to factors such as initiatives toward lightweight vehicles, the introduction of autonomous vehicles, vehicle electrification, advanced driver assistance systems (ADAS), the addition of connectivity in electric vehicles and amplified vehicle complexity. Prominent trends during this forecast period encompass integrated shielding designs, bespoke solutions for electric vehicles, adaptable and malleable shielding, multi-layered shielding, and the application of 3D printing for the creation of personalized shielding.
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What Are the Primary Drivers Behind Automotive Shielding Market Growth?
The escalation in automotive production is projected to fuel the expansion of the automotive shielding market. Rapid urbanization and the proliferation of worldwide auto manufacturers have fueled a surge in vehicle production in recent years. A vehicle, a mechanism that transports people or goods, equipped with wheels and an engine, increasingly requires automotive shielding, which is employed in the vehicle's electronic components. For example, the European Automobile Manufacturers' Association, a Belgium-based organization, registered a 3.9% increase in new car registrations in August 2024, a year-on-year increase exceeding 6.5 million units. Notable growth, albeit modest, was observed in the largest markets, with increases reported in Spain (+5.6%), Italy (+5.2%), Germany (+4.3%), and France (+2.2%). Therefore, the surge in vehicle production is serving as a catalyst for the growth of the automotive shielding market.
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What Are the Key Segments Driving Automotive Shielding Market Growth?
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
What Are the Technological Trends Impacting the Automotive Shielding Market?
In the automotive shielding market, advancements in technology are becoming increasingly popular. Many significant industry players are prioritizing the introduction of innovative technology to secure their market standing and cater to consumer requirements. Bourns, Inc., an American supplier and manufacturer of electronic components for sensing, protection, and power solutions, is one such example. In June 2022, the company unveiled an AEC-Q200-approved series of semi-shielded power inductors for automotive applications. This new series, the Bourns Model SRN8040HA, features a wide operating temperature range from -40 °C to 150 °C. It is designed using the company's cutting-edge magnetic silicon-based coating technology, providing superior magnetic shielding and facilitating higher operating temperatures.
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Who Are the Major Competitors in the Global Automotive Shielding Market?
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
Which Region Dominates the Automotive Shielding Market Share in 2025?
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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