Automotive Shielding Market Booming by Advent of Semi-Autonomous and Autonomous Vehicles

Automotive heat shields are used at various locations within a vehicle to protect the vehicle body and components from excessive heat generated by the engine and exhaust systems. Technological advancements have made automotive heat shields safer and more

(EMAILWIRE.COM, October 20, 2018 ) Automotive heat shields are used at various locations within a vehicle to protect the vehicle body and components from excessive heat generated by the engine and exhaust systems. Technological advancements have made automotive heat shields safer and more effective over the past few years. EMI is the disturbance created by external sources such as electronic devices, which affect the electrical circuitry. Given the increasing number of electronic devices and their interaction, suitable EMI shielding is becoming increasingly important. EMI shielding is required because of the shrink in the size of electronic devices and higher performance levels. Factors such as electrification of vehicles, emission standards, higher adaptability of high-end electronics, considerations of safety features, and increased vehicle production are some of the major factors driving the growth of the automotive shielding market. Also, the increase in the use of electric motors and electronic systems across all parts of vehicles (remote starters, power seats, automatic sliding doors, power windows, keyless ignitions, and more) would create multiple sources of EMI. Board-level shielding, fabric over foam, wire mesh, and fingerstock are being used in the automotive industry to reduce the EMI

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The automotive industry is changing rapidly. Technological advancements and regulations to reduce emissions have resulted in the usage of more electronic systems in a vehicle. More electronic systems used in vehicles means more emission of EMI. Manufacturers are using board-level shielding to eliminate excess EMI in a vehicle. Although shielding has been used in vehicles since long, component reliability is considered to be an important factor in the selection of the method of shielding. Cost is also a major factor for determining the type and level of shielding to be used.

The growth of the heat shield segment can be attributed to its high production volumes in countries such as China, India, the US, and Mexico. Also, the rising demand for fuel-efficient and commercial vehicles are positively impacting the heat shields market.

MARKET DYNAMICS

Drivers
• Increased vehicle production
• Increasing EV sales
• Increased use of electronic components

Restraints
• Development of products to minimize EMI

Opportunities
• Advent of semi-autonomous and autonomous vehicles
• Introduction of V2X

Challenges
• Additional vehicle cost
• Additional Weight

The automotive shielding market is estimated to be USD 6.89 billion in 2017 and is projected to reach USD 12.24 billion by 2025, at a CAGR of 7.33% during the forecast period. The automotive shielding market is primarily driven by the rising demand for fuel-efficient vehicles, increased vehicle production, growing safety concerns, and the high adoption rate of advanced electrical and electronic components in vehicles. Laird (UK), ElringKlinger (Germany), Federal-Mogul (US), Morgan Advanced Materials (UK), Dana (US), Henkel (Germany), Kitagawa (Japan), and Schaffner (Switzerland) among others are some of the leading players in the automotive shielding market.

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