The automotive shielding market is driven by several factors, including the increasing demand for electric vehicles and advanced driver-assistance systems (ADAS), which require electromagnetic shielding to prevent interference with their sensitive electronics. The growth in the use of lightweight materials in automotive manufacturing has also contributed to the need for shielding solutions, as these materials are more susceptible to electromagnetic interference (EMI).
Another driving factor is the growing concern for passenger safety, which has led to the development of innovative shielding materials that provide enhanced protection against harmful radiation and electromagnetic fields. Additionally, the increasing adoption of connected and autonomous cars has fueled the demand for advanced shielding solutions to protect their complex electronic systems.
The automotive industry is subject to scrutiny from governing authorities and is mandated to comply with various regulatory guidelines. These regulations require original equipment manufacturers (OEMs) to produce automotive products that aligns with current environmental norms. Additionally, the regulatory norms necessitate low fuel emissions, prompting manufacturing companies to decrease engine size by reducing the number of cylinders. To maintain engine output power, a turbocharger or a supercharger is integrated to enhance engine power. These devices require heat shields to ensure efficient operation. The increasing prevalence of turbochargers, as opposed to compression ignition or spark engines, drives the demand for automotive heat shields.
Due to the increasing number of electronic systems and components in automobiles, there is a strong demand for EMI shields to avoid cross-connection between these systems. Moreover, there is an increasing demand for high-performance vehicles worldwide. The enhancement of speed and power increases heat production by various components, such as the exhaust system, combustion engine, and other parts. Heat shields are essential for preventing heat generation within the car's cabin, which improves vehicle efficiency and ensures driver safety.
Furthermore, factors such as increasing urbanization, rising living standards, developing infrastructures, and a surge in disposable income have led to increased vehicle sales and production globally. Additionally, the younger generation is more attracted to fuel-efficient and high-performance vehicles, boosting vehicle sales and generating high demand for automotive shields.
The automotive shielding market for passenger cars is anticipated to outpace the segment for commercial vehicles. This growth can be attributed to the increasing demand for fuel-efficient vehicles and the stringent emission regulations imposed by governments, which drive the need for heat shielding in passenger cars. Passenger cars are more likely to adopt advanced technologies, such as ADAS, connected cars, and advanced infotainment systems, than commercial vehicles. These advanced features drive the demand for EMI shielding in passenger cars, particularly in the luxury and high-end car segments.
Automotive Shielding Market Segmentation
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By Vehicle Type
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Passenger Cars
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Commercial Vehicle
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By Shielding
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Key players