Automotive Shielding Market Is Estimated To Reach USD 12 Billion By 2025 | CAGR 7.8 % - Forencis Research

Automotive Shielding Market Size, Share, Trends, Growth, Analysis, Research

Global Automotive Shielding Market: Key Highlights

  • According to the new market research report Automotive Shielding Market by Type (Heat Shield and Electromagnetic Interference (EMI) Shield) by Material (Metal and Non-Metal) by Application (Heat and EMI ) by Vehicle Type (Internal Combustion Engine (ICE), Electric Vehicles and Others) by Region (Asia Pacific, North America, Europe, Rest of the World) – Global Forecast from 2020 To 2025”, the global automotive shielding market is estimated to reach USD 12 Billion in 2025 at a CAGR of 7.8% during forecast period 2020-2025.
  • Rise in demand for electric and autonomous vehicles has boosted the demand for electric systems.
  • However, use of advanced technology to limit electromagnetic interference (EMI) is expected to restrain the market during the forecast period.

Automotive Shielding Market

Global Automotive Shielding Market: Key Market Dynamics

  • Rise in demand for electric vehicles is expected to drive the automotive shielding market. As per Edison Electric Institute, in 2018, the total sales of electric vehicles in the United States raised 81%, when compared to 2017.
  • Heatshield plays an important role to manage the adverse effect of heat in vehicles. It protects heat from reaching out to components and transmission tunnels by lowering the temperature and keeping them cool. Hence, advantages associated with heat shields are anticipated to boost the automotive shielding market during the forecast period.
  • Electromagnetic Interference (EMI) issues will grow as there is a rise in demand for luxury vehicles. Thus, use of advanced technology to limit electromagnetic interference (EMI) will impact market growth.
  • Rising demand for autonomous and semi-autonomous vehicles. This is expected to open up new growth avenues for the Automotive Shielding market in the near future.
  • Size and cost issues regarding shielding development are likely to act as a challenge for market growth.

Global Automotive Shielding Market: Regional Overview

  • Asia-Pacific

The Asia-Pacific is projected to gain fast growth for the automotive shielding market. Growth in automotive sector in the Asian countries is mainly due to the high demand for luxury vehicles, with increased vehicle production and rising demand for commercial vehicles. Among Asia Pacific, China is one of the prominent destinations for the automotive market, which is projected to drive the market growth. As per PWC, the sales of light vehicles are projected to reach 31.8 million by 2022 from 24.9 million in 2016.

  • Europe           

Automotive sector plays a vital role in the boosting the European economy. As per European Commission, around 7% of the EU's GDP is generated by the automotive industry. The rising demand for the automotive vehicles in the region, is expected to drive the market growth. In Europe, 19.2 million vehicles are manufactured every year as per the data shared by the European Automobile Manufacturers Association (ACEA). Rising vehicle production in Europe is expected to grow the automotive shielding market.

Global Automotive Shielding Market: Key Players Overview

  • Laird plc:

Laird plc is a UK based company that provides smart system solutions and wireless communication. The company develops, designs and supplies thermal interface materials, EMC components, wireless connectivity, precision metals, and others. The company offers versatile shielding solutions without impacting the quality of base material.

  • Morgan Advanced Materials PLC:

Morgan advanced materials plc is a UK based company. The company product range includes insulating fibres, bearings and sealing components, ceramics, magnetic materials, mechanical carbon items and electrical which are used in telecommunication, aerospace, medical and automotive sectors. The company offers heat shields design to provide higher performance at elevated temperature conditions.

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Published : 2020-01-27