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Global Trends Overview: The Rapid Evolution of the Automotive Shielding Market
Automotive Shielding Market
Projected Growth and Market Size of the Automotive Shielding Market
The automotive shielding market is anticipated to reach a valuation of $25.08 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.2%. This upward trajectory is supported by several factors including the growing adoption of electric vehicles, the necessity to protect high-voltage components, innovations in lightweight materials, stricter requirements for thermal management, and the increased use of advanced power electronics. Among the prominent trends shaping this market are the rising demand for heat management solutions, the expansion of electromagnetic interference (EMI) shielding in electric vehicles, the shift toward lightweight shielding materials, the broadening applications for exhaust shielding, and a strong focus on enhancing vehicle safety.
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Leading Companies Influencing the Automotive Shielding Industry
The automotive shielding market features a variety of influential companies, such as 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, and Fotofab LLC.
A significant development occurred in October 2024 when Switzerland-based Certina S.A. acquired ElringKlinger's Heat and Noise Shielding plants located in Switzerland and the United States. This acquisition is set to reinforce Certina's High Temperature Solutions division and expand its global presence in advanced thermal and acoustic shielding technologies for automotive and industrial markets. ElringKlinger AG, headquartered in Germany, specializes in designing heat and noise shielding systems that improve performance, durability, and safety for both automotive and industrial applications.
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Key Factors Driving Growth in the Automotive Shielding Market
One important factor propelling the automotive shielding market is the rising adoption of electric vehicles, which require sophisticated shielding to protect sensitive electronic components from heat and electromagnetic interference. As electric vehicle production ramps up globally, the need for innovative shielding solutions becomes more critical.
Another driver is the increasing demand for lightweight materials, which help improve fuel efficiency and reduce emissions. Manufacturers are investing in new materials and designs that offer effective shielding while keeping vehicle weight low, aligning with sustainability goals and regulatory requirements.
Strategic Collaborations Are Shaping Market Expansion
Many companies in the automotive shielding space are forging strategic partnerships to enhance their distribution networks and broaden market reach. These collaborations enable firms to combine resources and expertise to better serve customers worldwide.
For example, in March 2023, US-based EMI and RFI shielding component maker Tech Etch partnered with Heilind, a US electronics distributor. This partnership expanded Tech Etch's global distribution network by integrating Heilind North America into its international distributor base for critical EMI and RFI shielding products. Consequently, Tech Etch now benefits from connections with all companies under the Heilind Electronics umbrella, strengthening its market presence.
Market Segmentation Overview of the Automotive Shielding Industry
The automotive shielding market is divided into key segments based on shielding type, material type, and vehicle type.
By shielding type, the market includes heat shielding and EMI shielding. Heat shielding is further classified into exhaust heat shields, engine heat shields, underbody heat shields, turbo heat shields, and thermal insulation materials. EMI shielding covers products such as EMI shielding gaskets, tapes and laminates, coatings and paints, foils and films, as well as enclosures and housings.
Material-wise, the market distinguishes between metallic and non-metallic shielding solutions. Regarding vehicle type, the segmentation includes passenger cars, light commercial vehicles, and heavy commercial vehicles, reflecting the diverse applications across different automotive categories.
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