Automotive Shielding Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automotive Shielding Market is Segmented by Vehicle Type (Passenger car and Commercial Vehicle), by Shielding Type (Heat Shielding and Electromagnetic Induction Shielding), and Geography.

Market Snapshot

Automotive Shielding Market_Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %

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Market Overview

The automotive shielding Market is projected to grow with a CAGR of more than 4 % during the forecast period.

  • With the increase in demand for electric vehicles, strict emission norms from governments globally and demand for fuel efficient vehicles rising with a high rate the shielding market for automobiles is expected to witness high demands during the forecast period.
  • With the inclusion of more electric based features like digital cockpit, ADAS and infotainment systems, the EMI shielding will witness a high demand in the market. Along with, the upsurge in sales of electric vehicles will drive the market. The sales of electric vehicles in 2019, was around 2.26 million plug in car sales globally, which is 9% higher than the 2018 figures.
  • The Internal combustion engine vehicles is witnessing a negative growth rate due to the increasing fuel rates, strict government norms regarding emission and availability of alternative fuel vehicles. The demand for electric vehicles is growing with a higher growth rate because of its environment friendly nature and cost efficiency, along with the lucrative incentives given by the governments globally to boost the demand.
  • However, the use of technologically advanced products that help to minimize EMI can restrain the market growth in the forecast period.

Scope of the Report

Automotive Shielding is used to protect the automotive equipment and parts from the heat generated and electromagnetic induction from several electric devices present in the system. The Automotive Shielding market report covers detailed study on latest trends and developments in metal casting which is segmented by Vehicle Type (Passenger car and Commercial Vehicle), by Shielding Type (Heat Shielding and Electromagnetic Induction Shielding), and Geography. Along with a detailed study on major players, their strategies, technological innovations and financials are also included in the report.

Vehicle Type
Passenger Cars
Commercial Vehicles
Shielding Type
Heat Shielding
Electromagnetic Induction Shielding

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Key Market Trends

Passenger Car Segment is Expected to Grow with the Highest CAGR

By vehicle type, Automotive Shielding for passenger cars is expected to outperform passenger vehicles segment. During the forecast period, the production and demand for passenger cars is expected to rise by around 8%. The rising demand for fuel-efficient vehicles and the strict government norms for emission is enhancing the demand for heat shielding for passenger cars.

The adoption of advanced technologies like ADAS, connected cars, advanced infotainment systems etc. is high for passenger cars as compared to commercial vehicles. These advanced features are enhancing the demand for EMI shielding for passenger cars especially luxury and high-end cars.

In the year 2019, Electric vehicles witnessed a high demand and captured around 2.5% of the global vehicle market over the first 10 months and many new models were launched by the OEMs.

The major players in the market are spending heavily on research and development for EMI shielding for passenger cars looking at the high demand from the end-users. For instance, in May 2018, Global electro-chemicals manufacturer, Electrolube, introduced a new range of Form-In-Place EMI shielding materials and a silver conductive adhesive. The product has been successfully tested in China for mobile phones and will be launched for automotive products in Europe, who require reliable and high-performance EMI shielding materials for applications such as automatic mirrors, cameras, radar modules, rear/side detection systems and car audio/entertainment systems.

Automotive Shielding Market_Key Market Trend1

Asia-Pacific is Expected to be the Largest Market

The Asia-Pacific region is expected to be the market leader for automotive shielding market, followed by Europe and North America. The demand is driven by the high production and demand for automobiles during the forecast period. This demand is attributed by the growing income levels of the people living in the region, which is allowing the people to buy more high-end luxury automobiles.

The electric vehicle market in the region is increasing with a very high growth rate. China is the largest market for electric vehicle globally. The electric vehicle market share in the world’s largest auto market, China, increased from 4.5% to 4.7% and around 1.8 million plug-in electric cars were sold in the country in 2019.

Electric vehicles sales, grew by 20 percent in India in 2019-20. As many as 1.56 lakh EVs were sold in the country in 2019-20 as against 1.3 lakh units in the previous financial year.

The major players in the region are investing heavily for incorporation of high-end technologies like connected vehicles to reduce the accidents and enhance the drivers’ experience while driving. This will require enhanced electrical systems in the vehicle and this will generate high demand for EMI shielding in the market. The demand for electrical vehicles in the region is also high due to the awareness about environmental impact of conventional fuels and the financial benefits offered by the governments in the region.

Automotive Shielding Market_Key Market Trend2

Competitive Landscape

The Automotive Shielding Market is highly fragmented, with several players accounting for a smaller portion of market share. Some of the prominent companies in the Automotive Shielding Market are Tenneco, Liard Plc, Henkel, 3M and others. These players are investing heavily in research and development of Automotive Shielding technology.

For instance, in May 2019, Dow has announced new electromagnetic interference shielding technology to enhance its broad and growing portfolio of conductive silicone technologies with the launch of DowSil EC-6601 Electrically Conductive Adhesive. Dow is investing in solutions that address performance challenges and enable high-volume assembly in markets where connectivity, reliability, productivity and the ability to meet specific regulatory requirements are especially important. This advanced material enables manufacturers to increase throughput while reducing or eliminating oven curing for reduced capital expenses and energy usage.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Vehicle Type

      1. 5.1.1 Passenger Cars

      2. 5.1.2 Commercial Vehicles

    2. 5.2 Shielding Type

      1. 5.2.1 Heat Shielding

      2. 5.2.2 Electromagnetic Induction Shielding

  6. 6. Geography

    1. 6.1 North America

      1. 6.1.1 United States

      2. 6.1.2 Canada

      3. 6.1.3 Rest of North America

    2. 6.2 Europe

      1. 6.2.1 Germany

      2. 6.2.2 United Kingdom

      3. 6.2.3 France

      4. 6.2.4 Italy

      5. 6.2.5 Rest of Europe

    3. 6.3 Asia-Pacific

      1. 6.3.1 China

      2. 6.3.2 India

      3. 6.3.3 Japan

      4. 6.3.4 South Korea

      5. 6.3.5 Rest of Asia-Pacific

    4. 6.4 Rest Of World

      1. 6.4.1 Mexico

      2. 6.4.2 Brazil

      3. 6.4.3 United Arab Emirates

      4. 6.4.4 Other Countries

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Vendor Market Share

    2. 7.2 Company Profiles

      1. 7.2.1 Tenneco Inc.

      2. 7.2.2 Liard Plc

      3. 7.2.3 Henkel

      4. 7.2.4 Morgan Advanced Material

      5. 7.2.5 3M

      6. 7.2.6 Dana Incorporated

      7. 7.2.7 RTP Company

      8. 7.2.8 Marian Inc.

      9. 7.2.9 Autoneum

      10. 7.2.10 Parker Hannifin

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive Shielding Market market is studied from 2018 - 2026.

The Automotive Shielding Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Tenneco Inc., Liard Plc, Henkel , 3M , Morgan Advanced Material are the major companies operating in Automotive Shielding Market.

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