|
Forecast Period
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2024-2028
|
|
Market Size (2022)
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USD 21 Billion
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CAGR (2023-2028)
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3.8%
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Fastest Growing Segment
|
Passenger Car
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|
Largest Market
|
Asia-Pacific
|
Market Overview
Global Automotive Shielding Market has valued at USD 21 billion in 2022
and is anticipated to project robust growth in the forecast period with a CAGR
of 3.8%. The Global Automotive Shielding Market is experiencing significant
growth, driven by the continuing evolution of vehicle electronics and the
increasing demand for fuel-efficient automobiles. As vehicle technology
advances, the integration of electronic components has become more prevalent,
leading to a surge in the necessity for automotive shielding. This shielding is
crucial in preventing electromagnetic interference, ensuring optimal vehicle
safety, and enhancing overall performance.
Moreover, the market is further propelled by the rapid advancements in
electric and hybrid vehicles worldwide. With the automotive industry's
increasing focus on sustainable and eco-friendly transport solutions, the
demand for automotive shielding is set to rise even higher.
Key players in this field include Federal-Mogul Corporation, Laird PLC,
Morgan Advanced Materials, Henkel AG & Co. KGaA, Dana Inc., and others.
These companies are at the forefront of innovation, continuously developing new
and improved shielding solutions to cater to the evolving needs of the
automotive industry.
Despite the ongoing challenges posed by the global pandemic, the Automotive
Shielding Market remains resilient and shows a promising future. The industry's
relentless pursuit of innovation, coupled with the escalating demand for
environmentally friendly transport solutions, ensures that the market will
continue to thrive in the coming years.
Key Market Drivers
Electrification of Vehicles
The electrification of vehicles, including electric vehicles (EVs) and
hybrid vehicles, is a primary driver of the Automotive Shielding Market. EVs
are equipped with advanced electronic systems, including electric powertrains,
battery management systems, and onboard chargers, which generate
electromagnetic interference. To ensure the proper functioning of these systems
and prevent EMI-related issues, automotive shielding is essential. As the adoption
of electric and hybrid vehicles continues to rise, the demand for effective
shielding solutions is expected to grow in parallel.
Increasing Electronic Content
Modern vehicles are equipped with an unprecedented level of electronic
content, encompassing advanced driver assistance systems (ADAS), infotainment
systems, telematics, and connectivity features. These electronic components are
susceptible to EMI and RFI, which can interfere with their operation.
Automotive shielding solutions, such as EMI gaskets, conductive coatings, and
electromagnetic shielding materials, are essential to mitigate interference and
ensure the seamless performance of electronic systems. The proliferation of
electronic content in vehicles is a significant driver of the market.
Connectivity and Autonomous Driving
The advancement of vehicle connectivity and the development of
autonomous driving technologies are driving the demand for automotive
shielding. Connected vehicles rely on wireless communication systems such as Wi-Fi,
Bluetooth, and cellular networks, making them susceptible to RFI. Autonomous
vehicles, equipped with radar, lidar, and sensor systems, require robust
shielding to prevent interference and maintain safety-critical functionality.
As connectivity and autonomous driving become integral to the automotive
landscape, shielding solutions are indispensable for ensuring reliable
performance.
Stringent Emissions Standards
Stringent emissions standards are a key driver of the Automotive
Shielding Market. To meet emissions regulations, automakers are employing
advanced exhaust aftertreatment systems, including selective catalytic
reduction (SCR) and diesel particulate filters (DPF). These systems generate
high temperatures and require effective thermal shielding to manage heat and
prevent damage to surrounding components. Automotive shielding materials and
solutions are essential for achieving compliance with emissions standards while
maintaining vehicle performance.
Lightweighting Initiatives
The automotive industry's focus on lightweighting to improve fuel
efficiency and reduce emissions has implications for shielding solutions.
Lightweight materials, including aluminum and composite alloys, are being used
in vehicle construction. Automotive shielding components and materials must be
designed to be lightweight while still effectively providing EMI, RFI, and
thermal protection. Achieving this balance between weight reduction and
shielding performance is a challenge for manufacturers but is crucial in the
context of industry-wide lightweighting initiatives.
Advancements in Electric Powertrains
The evolution of electric powertrains presents unique challenges related
to EMI and thermal management. Electric motors, inverters, and power
electronics generate electromagnetic fields and heat that must be controlled to
ensure the efficient operation of EVs. Automotive shielding solutions, such as
electromagnetic interference shielding for high-voltage components and thermal
barriers, are instrumental in maintaining the reliability and safety of
electric powertrains. The rapid development of electric propulsion technologies
drives the need for innovative shielding solutions.
Advanced Driver Assistance Systems (ADAS)
The integration of ADAS, including radar, lidar, and camera-based
systems, is becoming commonplace in modern vehicles. These systems rely on
sensor technology to enhance safety and provide features like adaptive cruise
control and collision avoidance. Effective shielding is critical to prevent
interference and maintain the accuracy and reliability of ADAS components. As
ADAS adoption continues to grow, automotive shielding becomes integral to the
functionality and safety of these systems.
Noise, Vibration, and Harshness (NVH) Control
Noise, vibration, and harshness control is a critical aspect of vehicle
design and customer comfort. Automotive shielding materials are used to reduce
NVH levels by dampening vibrations and blocking unwanted noise from entering
the vehicle cabin. As consumers demand quieter and more refined vehicles, the
role of shielding in NVH control becomes increasingly important, driving its
incorporation into vehicle design and manufacturing.
Research and Development (R&D) Initiatives
Investments in R&D play a vital role in advancing automotive shielding
technologies. Manufacturers are continuously developing innovative shielding
materials, coatings, and solutions to address evolving challenges.
Collaborations between automakers, tier-one suppliers, and material scientists
drive innovation in the field. Ongoing R&D efforts focus on improving the
effectiveness of shielding solutions, optimizing materials, and developing new
techniques for integration.
Globalization of Automotive Production
The globalization of automotive production has implications for the
Automotive Shielding Market. Automotive manufacturers often operate on a global
scale, producing vehicles in multiple regions. This necessitates standardized
shielding solutions that can be implemented across different markets and
regulatory environments. The globalization of production drives the demand for
consistent, high-quality shielding components on a global scale.
Regulatory Compliance
Meeting regulatory compliance standards is a fundamental driver of the
Automotive Shielding Market. Regulatory bodies and agencies impose
electromagnetic compatibility (EMC) standards and emissions regulations that
require vehicles to demonstrate compliance with EMI/RFI limits and thermal
management requirements. Automotive shielding solutions are integral to ensuring
compliance with these standards, supporting automakers in meeting legal and
safety requirements.
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Key Market Challenges
Electrification Complexity
The electrification of vehicles, including electric vehicles (EVs) and hybrid
vehicles, introduces complexities in automotive shielding. These vehicles use
high-voltage systems, inverters, and electric motors that generate
electromagnetic fields. Shielding these components effectively without adding
excessive weight is a challenge. Additionally, as the adoption of EVs and
hybrids continues to grow, the demand for shielding solutions tailored to these
vehicles becomes more critical.
Integration with Advanced Materials
As the automotive industry embraces lightweighting initiatives to
improve fuel efficiency and reduce emissions, shielding materials must
integrate seamlessly with advanced lightweight materials. Lightweight
components made from aluminum alloys, composites, and high-strength steel are
increasingly used in vehicle construction. Ensuring that shielding materials
effectively adhere to and complement these lightweight materials while still
providing EMI and RFI protection poses a challenge.
Compatibility with Autonomous Systems
The development of autonomous vehicles relies on an array of sensors,
including radar, lidar, cameras, and ultrasonic sensors, to perceive the
environment and make real-time decisions. Automotive shielding must be designed
to minimize interference with these sensors and ensure their accuracy.
Achieving compatibility between shielding materials and autonomous systems is a
complex task, especially as sensor technologies evolve.
Thermal Management for EV Batteries
In EVs, thermal management is crucial for battery safety and performance.
High-capacity lithium-ion batteries generate significant heat during charging
and discharging, requiring efficient thermal shielding to manage temperature
levels. The challenge lies in developing thermal shielding solutions that can
withstand the extreme temperatures while ensuring the safety and longevity of
the battery packs.
Lightweighting vs. Shielding Effectiveness
Balancing the demand for lightweighting with the need for effective
shielding is a fundamental challenge in the Automotive Shielding Market. While
lightweight materials reduce vehicle weight and improve fuel efficiency, they
may not inherently possess the electromagnetic or thermal shielding properties
required. Manufacturers must engineer solutions that maintain or enhance
shielding effectiveness while adhering to lightweighting goals.
Compatibility with Connectivity
Modern vehicles rely on advanced connectivity systems that use wireless
technologies such as Wi-Fi, Bluetooth, and cellular networks. These systems are
susceptible to RFI, which can disrupt communication and compromise safety
features. Automotive shielding solutions must effectively mitigate RFI without
impeding connectivity. Ensuring compatibility between shielding and
connectivity technologies is a challenge for engineers and designers.
Materials Innovation
The challenge of developing new materials with improved shielding
properties persists in the industry. Automotive shielding materials must meet
stringent performance requirements while being cost-effective and environmentally
sustainable. Researchers and manufacturers continually seek innovative
materials that offer enhanced shielding performance, which requires significant
investments in research and development.
Regulatory Compliance
Meeting regulatory compliance standards for electromagnetic
compatibility (EMC) and emissions is an ongoing challenge. Regulatory bodies
impose strict standards to ensure that vehicles do not emit harmful EMI and RFI
that can interfere with critical systems, including other vehicles' electronics
and communication systems. Automotive manufacturers must invest in testing and
validation to demonstrate compliance with these standards.
Noise, Vibration, and Harshness (NVH) Control
Shielding materials used for EMI and RFI protection may have unintended
consequences on vehicle noise, vibration, and harshness (NVH) levels. Excessive
shielding or improper application can contribute to unwanted vibrations or
amplify noise, leading to a less comfortable driving experience. Balancing
shielding effectiveness with NVH control is a challenge that requires precise
engineering and testing.
Compatibility with Emerging Technologies
As the automotive industry explores emerging technologies, such as 5G
connectivity and vehicle-to-everything (V2X) communication, automotive
shielding must evolve to ensure compatibility. These technologies introduce new
challenges related to interference and signal integrity that shielding
solutions must address effectively.
Global Supply Chain Disruptions
The COVID-19 pandemic highlighted the vulnerability of global supply
chains. Automotive shielding manufacturers rely on a complex network of
suppliers for materials and components. Disruptions in the supply chain,
whether due to pandemics, geopolitical tensions, or natural disasters, can
impact the availability of critical shielding materials, affecting production
timelines and costs.
Cost Considerations
Cost-effectiveness is a perennial challenge in the Automotive Shielding
Market. Automotive manufacturers seek solutions that offer the required
shielding performance without significantly increasing production costs.
Achieving a balance between shielding effectiveness, material costs, and
manufacturing processes is essential to maintain competitiveness.
Intellectual Property Protection
Protecting intellectual property related to innovative shielding designs
and materials is vital in a competitive market. Companies invest in robust IP
protection measures and legal safeguards to prevent reverse engineering and IP
infringement, safeguarding their unique shielding solutions.
Sustainability and Environmental Regulations
Growing environmental awareness and regulations drive the demand for
sustainable materials and manufacturing processes in the automotive industry.
Shielding manufacturers face the challenge of adopting eco-friendly materials
and processes while maintaining performance and compliance with environmental
regulations.
Key Market Trends
Rising Electrification of Vehicles
One of the most prominent trends in the automotive industry is the rapid
electrification of vehicles. Electric vehicles (EVs) have gained substantial
market share, driven by increasing environmental concerns and government
incentives. This transition has fueled the demand for advanced electromagnetic
interference (EMI) shielding solutions to protect sensitive electronic
components in EVs from interference. As EVs become more mainstream, the
automotive shielding market is expected to grow significantly to meet the
unique EMI and thermal management challenges presented by electric powertrains.
Integration of Advanced Driver Assistance Systems (ADAS)The integration of advanced driver
assistance systems, such as lane-keeping assist, adaptive cruise control, and
autonomous emergency braking, has become increasingly common in modern
vehicles. These systems rely heavily on sensors and radar technologies, making
EMI shielding a critical consideration. The automotive shielding market has
witnessed a surge in demand for materials and solutions that can effectively
shield these sensitive sensors and ensure their uninterrupted operation,
contributing to vehicle safety and automation.
Lightweight Shielding Materials
In an era where vehicle manufacturers are constantly striving to improve
fuel efficiency and reduce emissions, the demand for lightweight shielding
materials has risen significantly. Traditional metal-based shielding materials
are heavy and can negatively impact a vehicle's overall weight and fuel
economy. As a result, innovative lightweight materials, such as conductive
plastics and composite materials, have gained traction in the market. These
materials offer effective EMI shielding while minimizing the added weight,
aligning with the industry's pursuit of lightweighting.
Stringent Emission Standards and Regulations
Global emissions regulations have become increasingly stringent, pushing
automotive manufacturers to develop more fuel-efficient vehicles and reduce
emissions. As a result, there is a growing need for thermal shielding solutions
that can manage heat generated by various vehicle components, especially in
hybrid and electric vehicles. The automotive shielding market has responded
with innovative thermal management solutions that help manufacturers meet
regulatory requirements while maintaining vehicle performance.
Increasing Focus on Passenger Comfort and Safety
Vehicle occupants' comfort and safety have always been top priorities
for automakers. With the rise of electric vehicles, there is a heightened
emphasis on reducing noise, vibration, and harshness (NVH) to enhance passenger
comfort. Additionally, the automotive industry is witnessing the emergence of
advanced safety features like vehicle-to-vehicle (V2V) and
vehicle-to-infrastructure (V2I) communication, which require effective shielding
to ensure seamless and secure connectivity.
Global Supply Chain Disruptions
The global automotive industry has been impacted by supply chain
disruptions, primarily due to the COVID-19 pandemic and its ongoing effects.
These disruptions have caused shortages in various automotive components,
including shielding materials. As a result, automotive manufacturers are
looking for ways to diversify their supply chains and ensure a consistent flow
of shielding materials to avoid production delays.
Customization and Integration
Automakers are increasingly seeking customizable and integrated
shielding solutions that can be seamlessly incorporated into vehicle design and
assembly. This trend reflects a growing desire to optimize space, reduce
assembly complexity, and enhance overall vehicle performance. Suppliers in the
automotive shielding market are responding by offering bespoke solutions that
cater to the unique needs of each vehicle model.
Rising Demand in Emerging Markets
Emerging markets, particularly in Asia-Pacific and Latin America, are
experiencing robust growth in the automotive industry. Rising disposable
incomes, urbanization, and increased mobility have contributed to a surge in
vehicle sales. This has led to higher demand for automotive shielding products
in these regions as manufacturers aim to meet the safety and performance
expectations of their expanding customer base.
Shift Towards Sustainable Materials
Environmental concerns are driving the automotive industry to adopt more
sustainable materials and production processes. In response, the automotive
shielding market has witnessed a shift towards the development and utilization
of eco-friendly materials that have a reduced environmental impact.
Manufacturers are increasingly looking for shielding solutions that align with
their sustainability goals.
Investments in Research and Development
To stay competitive in a rapidly evolving automotive landscape,
companies in the automotive shielding market are investing heavily in research
and development. This includes the development of innovative materials,
advanced manufacturing techniques, and cutting-edge testing methods to ensure
the highest levels of performance and reliability in shielding solutions.
Segmental Insights
Shielding Type Insights
The global automotive shielding market can be categorized into two
primary shielding types - heat shielding and electromagnetic interference (EMI)
shielding. Heat shielding is designed to protect vehicle components from
extreme temperatures, thereby enhancing vehicle performance and lifespan. On
the other hand, EMI shielding is tailored to prevent electronic components from
electromagnetic interference, which can jeopardize the vehicle's functionality
and safety. Market trends indicate a rising demand for both types of shielding,
fueled by the growing complexity of vehicle designs and the increasing
incorporation of electronics in modern cars.
Vehicle Type Insights
The global Automotive Shielding market is segmented into various vehicle
types including passenger cars, light commercial vehicles (LCVs), and heavy
commercial vehicles (HCVs). Passenger cars currently dominate the market share
given their high production volumes globally and the increased emphasis on
implementing advanced safety and comfort features. The market for LCVs and HCVs
is also expected to witness growth due to the rise in transport activities and
the need for vehicle efficiency, driving the demand for effective automotive
shielding. Notably, the increasing adoption of hybrid and electric vehicles
presents a substantial growth opportunity for the Automotive Shielding market
due to the necessity of shielding in these vehicle types to prevent
electromagnetic interference.
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Regional Insights
The global automotive shielding market is witnessing marked regional
disparities. In North America, advancements in automotive electronics coupled
with stringent regulatory standards for vehicle safety and fuel efficiency are
propelling market growth. Europe, with its strong automotive sector and focus
on electric vehicles, is also a significant contributor to the market.
Asia-Pacific, particularly China and India, is expected to exhibit robust
growth in the automotive shielding market due to increasing vehicle production
and mounting concerns about vehicle emissions. However, Africa and the Middle
East, while showing potential, are still nascent markets, with growth impeded
by factors such as limited industrial infrastructure and economic instability.
Recent Developments
- Nanotech Energy Inc., a leading US-based manufacturer of graphene-based
energy storage products, recently introduced Nanotech EMI Armour Paint and
Sheets, a revolutionary graphene-powered coating and film utilizing superior
graphene technology.
- TE Connectivity, a prominent consumer electronics company headquartered
in Switzerland, recently made an undisclosed acquisition of Kemtron. This
strategic move aimed to expand TE Connectivity's presence in the critical
shielding and sealing markets.
Key Market Players
- Tenneco Inc.
- Liard Plc
- Henkel
- Morgan Advanced Material
- 3M
- Dana Incorporated
- RTP Company
- Marian Inc.
- Autoneum
- Parker Hannifin
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By Vehicle Type
|
By Shielding Type
|
By Region
|
- Passenger car
- Commercial Vehicle
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- Heat Shielding
- Electromagnetic Induction Shielding
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- North America
- Europe & CIS
- Asia Pacific
- South America
- Middle East & Africa
|
Report Scope:
In this report, the Global Automotive Shielding Market has been
segmented into the following categories, in addition to the industry trends
which have also been detailed below:
- Automotive Shielding Market, By Vehicle Type:
o Passenger car
o Commercial Vehicle
- Automotive Shielding Market, By Shielding Type:
o Heat Shielding
o Electromagnetic Induction Shielding
- Automotive Shielding Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe & CIS
§ Germany
§ Spain
§ France
§ Russia
§ Italy
§ United Kingdom
§ Belgium
o Asia-Pacific
§ China
§ India
§ Japan
§ Indonesia
§ Thailand
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ Turkey
§ Iran
§ Saudi Arabia
§ UAE
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in the Global Automotive Shielding
Market.
Available Customizations:
Global Automotive Shielding Market report with the given market
data, Tech Sci Research offers customizations according to a company's specific
needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Global Automotive Shielding Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]