According to study, “Global Automotive Shielding Market Size study, by Shielding Type (EMI Shielding and Heat Shielding), by Material Type (Metallic Shield and Non-Metallic Shield), by Heat Application (Engine Compartment, Exhaust System and Turbocharger), by EMI Application (Adaptive Cruise Control (ACC), Electric Motor, Engine Control Module (ECM), Forward Collision Warning (FCW), Intelligent Park Assist (IPA), Lane Departure Warning (LDW) and Infotainment), by Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV), by Electric Vehicle Type (Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Hybrid Electric Vehicle (HEV) and Plug-in Hybrid Electric Vehicle (FCEV)) and Regional Forecasts 2018-2025” the key companies operating in the global automotive shielding market are Chomerics, Tech-Etch Inc., Federal-Mogul Corp., Elringklinger Ag, Laird PLC, Schaffner Holding AG, Morgan Advanced Materials Plc., Marian, Inc., Dana Incorporated, 3M Company, Tenneco Inc., Henkel AG & Co. KGaA, Autoneum Holding AG, Parker Cholerics, Kitagawa Industries America, Inc.
Automotive shields are shield used in automobiles to protect the exterior as well as interior components such as engine compartment, turbocharger and exhaust system due to excessive heat generation from these components. It is also termed as exhaust heat management system. Its main function is to absorb excessive heat from an external source by depleting and reflecting the heat.
Based on shielding type, automotive shielding market is segmented into heat shielding and electromagnetic shielding (EMI). Based on material type, market is segmented into metallic shield and non-metallic shield. Metallic shield segment holds major share in market owing to superior strength and ability to withstand an extensive range of temperature in exhaust systems and automotive engines. Based on heat application, market is segmented into exhaust system, engine compartment and turbocharger. Based on EMI application, market is segmented into Adaptive Cruise Control (ACC), Engine Control Module (ECM), electric motor, Forward Collision Warning (FCW), Lane Departure Warning (LDW), Intelligent Park Assist (IPA), and infotainment. Based on vehicle type, market is segmented into passenger car, Heavy Commercial Vehicle (HCV) and Light Commercial Vehicle (LCV). Based on electric vehicle type, market is segmented into Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Fuel Cell Electric Vehicle (FCEV), and Plug-in Hybrid Electric Vehicle (FCEV).
The automotive shielding market is driven by rise in use of electronic components, followed by increase in Electric Vehicle (EV) sales, rise in demand for safety concerns, increase in technological advancements, growth in population, increase in adoption of electrical and electronics components for instance engine control module, intelligent park assist in vehicles, rise in stringent emission norms and growth in vehicle production. However, high price of the metallic shielding system and growth in development of products to minimize EMI may impact the market. Moreover, rapid increase in the premium car sales and rise in advent of semi-autonomous & autonomous vehicles are key opportunities for market.
Based on geography, the North-American region holds major share in automotive shielding market owing to growth in automotive safety concerns in the region. The European and Asian-Pacific regions are predicted to witness higher CAGR due to increase in demand for luxury vehicle, rise in use of advanced electronics and surge in demand for fuel-efficient vehicles over the forecast period. It is estimated that the market will be reached at US $12.20 billion by 2025.
For more information on the research report, refer to below link:
Global Specialty Coatings Market Study 2015-2025, by Segment (Conformal Coating, Corrosion Resistant Coating, Shielding Coating), by Market (Automotive, Marine, Aerospace & Defense), by Company (Ashland, Evonik, PPG Insustries)
Global Automotive Shielding Market Size study, by Shielding (Heat, EMI), by Material (Metallic Shield, Non-Metallic Shield), by Vehicle (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), by Electric Vehicle (BEV, HEV, FCEV) and by Regional Forecasts 2018-2025
Ankur Gupta, Head Marketing & Communications