Some lesser-known facts-

• Engine overheating can lead to severe engine damage
• Engine damage can lead to head gasket failure
• Cylinder-head can wrap from excess heat
• The radiated energy of electromagnetic fields can upset or damage the vehicle's electronic systems, including the microprocessors that control important engine functions, such as the ignition control, the fuel injector, and the fuel-pump control.

The method to protect automotive components from damage due to overheating and electromagnetic interference (EMI) using heat-insulating materials as shields, is called automotive shielding.

The need for automotive shielding

Modern Vehicles have inbuilt significant functions and related features such as GPS, infotainment systems, Bluetooth, and electric vehicular and self-driving technology. These functionalities and the overall vehicle system are driven by the need to be protected from heat and electromagnetic radiation.  Excessive heat generated by the engine and exhaust systems and radio frequency interference (RFI) can damage components and lead to electronic malfunctions in vehicle equipment and affect mission-critical systems. 

Hence, automotive shields are used to provide protection to the vehicle body and its integrated components for their efficient performance and optimum usage.  

Types of automotive shielding

As related above, there are two types of automotive shielding, namely, heat shielding and electromagnetic interference (EMI) shielding.

Advantages of using automotive shields

• Protects the car engine and other auto parts from overheating
• Prevents the effects of EMI by blocking the radiation and interferences.
• Protects the integrated circuits in the car components
• Provides better fuel efficiency
• Provides sustainability
• Enhances performance by reducing under-hood heat and intake air temperature.
• Ensures safety and reliability
• Provides long-term performance of car components
• Better compliance with stringent regulatory emission norms in automotive

Automotive Shielding Market Research Analysis

The Current and Estimated Market Size-

 The Global Automotive Shielding Market stood at ~USD 20.42 billion in 2022 and is estimated to reach ~USD 28.32 billion in 2035 expanding at a CAGR of 11% during the period of 2023 to 2035.

Trends positively impacting the market growth are-

• The growing automotive industry- The global automotive manufacturing market stood at ~USD 3 trillion in 2022 and is estimated to reach ~USD 3.7 trillion by 2023 growing at a CAGR of 3%. More vehicles mean more implementation of automotive shielding.
• The increasing demand for electric and hybrid vehicles- As per a report around 26 % of new car sales globally are expected to be electric vehicles in 2030, and about 58 million new self-driving cars are projected to be added in the same year. More technically advanced cars mean more integrated components and hence more use of automotive shielding to protect them.
• The growth of the automotive infotainment industry - Automotive infotainment necessitates the use of integrated circuits and components having their own individual magnetic fields which can lead to their cross-interfering. In 2021, the size of the global automotive infotainment market reached a value of ~USD 41.32 billion and is projected to reach ~USD 75 billion by 2029 growing at a CAGR of 9.44%. Hence with the growth of the automotive infotainment industry, the demand for automotive shielding will also rise.
• The incorporation of AI in automotive- The global automotive artificial intelligence (AI) market size was estimated at USD 2.9 billion in 2021 and is projected to reach USD 19.1 billion by 2030, registering a CAGR of 23.3% from 2022 to 2030. The growing demand for self-driving and autonomous cars is leading to the incorporation of AI in vehicular technology necessitating the use of automotive shielding.
• Stringent emission control regulations- Governments of various countries of the world have emission standards for regulating pollutants released by automobiles. Since automotive shields reduce fuel consumption, they are in high demand.

Trends negatively impacting the market growth are-

• The Pandemic and situation of general unrest in the world has caused supply chain disruption
• The high costs associated with the deployment of automotive shielding.
• The high costs of maintenance of automotive shields.

Research Nester recently published an article with a detailed and in-depth analysis of the Automotive Shielding Market Industry.

The Automotive Shielding Market Market-Regional Synopsis

Asia Pacific is the leading region with the maximum revenue share of the automotive shielding market. The Asia Pacific EMI Shielding Market is estimated to witness a growth of 6.4% CAGR during the present decade in which the automotive sector is the leading segment. The region holds the biggest market for electric vehicles. The Asia-Pacific Electric Vehicle Market stood at USD 230.69 billion in 2022 and is expected to reach USD 865.42 billion by 2030 expanding at a CAGR of 19% during the current decade. Apart from that, these countries are also leading in the automobile manufacturing sector. India and China contribute to almost 60% of worldwide electric vehicle sales.

• China's EV production increased by 1.6 times in 2021 amounting to 3.5 million units in the year, making it the largest EV manufacturer.
• In India the total registered EV sales as of December 2022 was 103188 units and in January 2023, it amounted to 102459 units promoting the market for automotive PCBs.

Moreover, as of 2021, China has been dominating the Asia Pacific EMI Shielding Market, achieving a market value of ~ USD 962.2 million by 2028. The Indian and Japanese markets are expanding with a CAGR of 6.8% and 5.4% respectively, during the present decade.

North America also occupies a large share in terms of revenue, owing to the presence of advanced technological infrastructure, and growing demand for self-driving, electric and hybrid cars. The North American electric vehicles market size was valued at ~USD billion 17.2 billion as of 2022 and is estimated to reach ~USD 185.62 billion by 2035 growing at a CAGR of 37.5% during the present decade. The regulations regarding vehicular emissions, policies, and guidelines introduced by the government are also favoring the market. Apart from that, the North America EMI Shielding Market is showing a lot of profitable prospects by growing at a CAGR of 5.0% during the coming decade with the vehicular category leading in terms of revenue.

The US market dominated the North America EMI Shielding Market by Country in 2022 and is estimated to garner a market value of ~USD 2.4 billion by 2032. The Canadian and Mexican markets exhibited robust growths at CAGR of 7.5% and 6.6% respectively in the present decade.

Europe also holds a prominent position in the market for automotive shielding. This region has a high demand for electric and hybrid vehicles. Apart from that the high disposable income and awareness regarding stringent emission norms are factors boosting the market growth. The European Electric Vehicles market is projected to reach ~USD 178 billion in 2023, growing at a CAGR of 17.05% resulting in a projected market volume of ~USD 340 billion by 2030. As per statistics, electric vehicle market unit sales in Europe are expected to reach 5.55m vehicles in 2027. The Europe EMI Shielding Market is estimated to witness market growth of 5.4% CAGR during the current decade with Germany dominating the market followed by France and UK. This factor will also boost the automotive shielding market in the region.

The prominent players in the Automotive Shielding Market Industry are -

The major players operating in the market are Tenneco Inc., Liard Plc, Henkel, 3M, and Morgan Advanced Material

The latest development in the field of the Automotive Shielding Market Industry are as follows-

• Tenneco's DRiV group’s leading brand Walker® Emissions Control, has introduced 36 new part numbers to offer increased coverage to over five million vehicles in operation (VIO). The new offerings include the following-
• 14 part numbers for Walker Quiet-Flow SS mufflers, that cover 47 applications,
• an expansion of Walker's EPA-compliant, Ultra® direct-fit catalytic converters line for 41 applications; and
• a variety of new pipe resonator assemblies.

• Henkel has launched new fire protection solutions - Loctite EA 9400 and Loctite FPC 5060 protective coating solutions for EV battery safety. These EV battery safety solutions can delay the spread of fire

batteries and can hence provide the best possible safety in the case of accidents and fires and are also compliant with rigorous regulatory demands.

Conclusion

The automotive industry has seen an overhaul in the past two decades. Conventional car models have given way to EVs, hybrid, self-driving, and fully autonomous cars. Today with smart electronic devices becoming omnipresent, consumers look for smart features in the cars they buy. Modern-day cars are able to seamlessly integrate digital touchpoints and provide smart and convenient experiences while also improving safety and security features. The auto parts and technologically advanced features require protection from heat and electromagnetic radiation to maintain their efficiency. Hence we can say that the market for automotive shielding shows a lot of profit-making and growth prospects for its key players and investors. 

A recent report from Research Nester has covered all the aspects of the Automotive Shielding Market related to its future growth and related trends for investors and market players.