Automotive Shielding Market

Global Automotive Shielding Market (2023 to 2028)

The global automotive shielding market is valued at USD 23.50 billion in 2023 and is anticipated to reach a valuation of USD 29.28 billion by 2028. It is predicted to register a CAGR of 4.50% from 2023 to 2028.

Automotive shielding can be characterized as an approach to defending auto parts utilizing heat-protecting materials. Heat shields and electromagnetic interference (EMI) shields are the two most common forms. Heat shields are used to prevent components from overheating and damage caused by heat. Some of the most significant vehicle sections that require heat shielding include combustion engine compartments, exhaust systems, under the bonnet, under the chassis, and turbochargers. Thin sheets of aluminum, steel, or other composite materials are used to create a shield. These heat shields absorb, dissipate, or reflect heat, lowering component temperatures and assisting in the effective operation of systems. EMI shields, on the other hand, are employed to protect electronic systems and components from cross-connecting and interfering with each other's electromagnetic fields and radiations because of their integration into a very small interior space within the vehicle.

MARKET DRIVERS:

The growth of the automotive shielding market is primarily driven by the rising adoption of technologically advanced electronic systems. The automotive industry has seen considerable advancements in the designs, performance, and functionality of automobiles during the last few years. Customers' shifting preferences for technologically advanced systems, as well as the growing popularity of fuel-efficient, high-performance, and lightweight vehicles, have fuelled the adoption of electronic systems and components in automobiles. The number of electronic components in an automobile has expanded as a result of technological advancements, which have fuelled the global market for automotive shielding. Electronic components and installed systems regulate a vehicle's many electrical and mechanical processes and so play an important part in automotive technology. The need for comfort and safety features in a vehicle is increasing as the number of electronic components and technologically advanced systems grow, necessitating the use of complicated electronic circuitry.

Automobile production and sales are expected to increase, resulting in increased growth. The automotive business is constantly scrutinized by government regulators and is expected to follow a number of recommendations that are released on a regular basis. These restrictions imposed on the automotive industry obligate OEMs to produce vehicles that comply with current regulatory environmental standards. Because of these regulatory requirements for low fuel emissions, manufacturers are concentrating on reducing engine size by reducing the number of cylinders. A turbocharger or supercharger is used to boost the engine's output power in order to maintain the engine's output power. For efficient functioning, these devices are insulated by heat shields.

The automobile shields also improve the vehicle's performance and significantly cut fuel consumption. Automobile manufacturers are attempting to build high-quality, long-lasting shields to provide the best possible protection for systems and components against damage and risks. Furthermore, the government's strict pollution control requirements are forcing automakers to look for innovative ways to improve vehicle performance and minimize fuel consumption, such as reducing engine size, using protective shields, and installing high-efficiency systems. Furthermore, the growing rate of car sales and manufacturing is causing the market to expand around the world.

MARKET RESTRAINTS:

High Maintenance Costs It's possible that this will stifle market growth. Vehicle shielding is a procedure that protects automotive components from overheating and prevents electromagnetic fields emitted by electronic systems from interfering with them. Metals and other composite materials are used to construct these. The automobile shields that are put into the components are designed to last the same amount of time as the car. However, the harsh environmental conditions, as well as the ongoing heating of the systems, diminish the shields' effectiveness. As a result, it is vital to change these shields on a regular basis in order for the vehicles to perform efficiently and safely. The inclusion of shielding components raises the vehicle's overall cost. The cost of periodic shield replacement and maintenance is also a significant expense for car owners. As a result, the replacement and maintenance of automobile shields may limit the global growth of the automotive shielding market.

REPORT COVERAGE:

This research report on the global automotive shielding market is segmented and sub-segmented into the following.

Global Automotive Shielding Market - By Shielding:

• Heat
• Electromagnetic Interference

The heat shielding segment is expected to hold a dominating share of the global automotive shielding market during the forecast period. Heat shields are commonly found in exhaust systems, the undercarriage, the engine compartment, the turbocharger, and other automotive applications. By absorbing, reflecting, or expelling heat, a heat shield prevents automotive components and equipment from overheating. Internal combustion engines generate a great deal of heat. Heat shields are primarily used to protect car body parts and components from heat damage in engines and exhaust systems. Heat safeguards assist with further developing vehicle execution by bringing down the hotness produced by different frameworks and parts, as well as bringing down fuel utilization. They come in two varieties: rigid and flexible. The rigid heat shields are commonly fitted with metal clips or high-temperature tapes and are composed of solid steel, aluminum, or other composite materials with a ceramic covering to promote heat insulation.

The electromagnetic interference segment is expected to see a rise in the demand for the global automotive shielding market during the forecast period due to an increase in the demand for electric vehicles and the deployment of technologically advanced technologies in automobiles. Furthermore, the widespread use of electronic devices and components is likely to accelerate the expansion of the EMI shields segment over the forecast period. The phenomenon of electromagnetic waves being communicated from one electronic piece of equipment to another via radiation or conductive channels is known as electromagnetic interference. EMI can degrade the performance of an internal electric circuit in a vehicle's electronic system, as well as affect the operations of other electronic components in close vicinity.

Global Automotive Shielding Market - By Heat Application:

• Engine
• Turbocharger
• Battery Management
• Fuel Tank

Turbochargers are expected to have a dominant share in the global automotive shielding market during the forecast period. Heat shielding for turbochargers can boost power and reduce turbo lag. Heat shielding for turbochargers and manifolds, usually in the form of coatings, wraps, or blankets, has been promoted for years for its benefits, including lowering under-hood temperatures. They're effective. However, others argue that employing them boosts power and torque production while reducing spool time as compared to using nothing at all.

Fuel Tank shielding is expected to see a rise in the demand in the global automotive shielding market during the forecast period. Thermaflect Cloth protects the bottom of your fuel tank, air box, fairings, and seat bottom from heat. It prevents your fuel from boiling, pre-ignition, evaporation of vital fuel components, and vapor lock. This will assist you to maintain the same level of bike performance as when you first started the race. You can also use it as a heat shield on your air box to reduce air intake temperatures by blocking radiant heat from your exhaust and shock; this will help your motor run more efficiently and produce more horsepower. Thermaflect Cloth can also be used as a heat shield for fairings, preventing them from melting and destroying the paint.

Global Automotive Shielding Market - By Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Passenger Cars are expected to have the dominant share in the global automotive shielding market during the forecast period. The growing demand for fuel-efficient automobiles, combined with tighter pollution regulations, is propelling this market sector forward. The vehicle electromagnetic interference shielding in passenger cars, however, is being penetrated by technologically improved systems and greater application of electronic components in autos. Furthermore, rising urbanization, the expansion of the industrial sector, and an improvement in the standard of living are the key factors driving vehicle sales and manufacturing around the world.

Global Automotive Shielding Market – By Region:

• North America
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa

Asia-Pacific is expected to have the dominant share in the global automotive shielding market during the forecast period. Over the last few years, some developing countries, such as China and India, have seen considerable increases in the automotive industry. The rapid development of connected mobility and smart transportation systems in countries like Japan and China are the primary drivers of market expansion in this area. The advancement of communication technologies in vehicles, as well as smart mobility projects such as Vehicle-to-Infrastructure (V2I), Vehicle-to-Vehicle (V2V), and Vehicle-to-Pedestrian (V2P), have moved the automotive industry to the next level.

Europe is expected to have the second dominant share in the global automotive shielding market during the forecast period. Because of significant technical improvements such as enhanced driver assistance systems and the usage of high-mobility logistics trucks with better capabilities To combat rising emissions, the European government has enforced strict emission standards and made it essential to deploy modern safety features and distinctive interior systems to improve vehicle fuel efficiency and safety, resulting in the market growth in this region.

KEY MARKET PLAYERS:

Federal-Mogul, Laird PLC, Morgan Advanced Materials, Ag, Dana Incorporated, Henkel AG & Company, The 3M Company, Kitagawa Iron Works Co. Ltd., Tech-Etch Inc., Marian Inc. are some of the major key players of the global automotive shielding market.

RECENT HAPPENINGS IN THIS MARKET:

• According to the company, new heat-shield technology outperforms competitors while reducing weight and packaging space. According to Zircotec, a heat-management expert for the automotive and motorsports industries, Zirco Flex Shield improves overall performance by 35 percent when compared to conventional solutions.
• GRIP Metal, a subsidiary of NUCAP Industries and the key technology behind NUCAP Energy, and Sumitomo Bakelite Co., Ltd. (SBCL) have collaborated to develop innovative, lightweight composite solutions to industrial challenges, resulting in applications previously thought to be "out of reach" for composites.