Report Id: SNS/AUTO/2129 | June 2022 | Region: Global | 130 Pages
Report Scope & Overview:
Automotive Shielding Market Size was valued at USD 21.96 billion in 2022 and is expected to reach USD 30.76 billion by 2030 and grow at a CAGR of 4.3% over the forecast period 2023-2030.
Automotive shielding is the process of protecting car parts from the heat by using materials that don't conduct heat. In the global market landscape, the industry has been doing well. Shielding is used in automobiles to protect electronic components from heat and electromagnetic interference. Shielding is utilized in automobiles. The proliferation of electronic devices in a vehicle has given rise to substantial issues over radio frequency interference and electromagnetic interference. The primary reason shielding is used in automobiles is to ensure that the vehicle can withstand the fluctuating temperatures produced by the engine as well as electromagnetic interference (EMI). In a car, heat shields can be found in a variety of locations, including the engine compartment, the exhaust system, the turbocharger, and many more.
With the advent of DowSil EC-6601, Dow has added a new electromagnetic interference shielding solution to its growing range of conductive silicone technologies. To fulfill the needs of markets where connection, dependability, productivity, and the capacity to meet certain regulatory requirements are particularly critical, Dow is investing in solutions that address performance concerns.
Due to an increase in both popularity and demand, fuel-efficient vehicles have seen a recent spike.
The implementation of stringent environmental restrictions and laws in a number of different countries.
The increasing popularity of vehicles with lower fuel consumption.
The sharp uptick in consumer interest in automobiles that are easier on the environment and their gas tanks.
The high cost of metallic shielding systems could significantly impede market expansion.
Limited financial resources could exacerbate the situation for enterprises and limit their market penetration.
The intricacy of developing auto shielding could slow industry expansion.
The increase in the number of luxury automobiles worldwide.
The increasing use of electronic components in automobiles.
The increase in demand for fuel-efficient and eco-friendly automobiles.
Covid 19 epidemic has limited global expansion and demand.
Increased use of electronic components in cars raises electromagnetic interference risks.
IMPACT OF COVID-19:
As a result, the drop in sales of COVID-19 in the automotive industry has been a barrier to the expansion of the market for automotive shielding. Even if there has been an increase in the manufacturing of automobiles, there has also been an increase in the manufacture of automotive shielding; nevertheless, the expansion of the market has been slowed down by COVID-19. Because of the pandemic, production at Mobility, which plays a significant part in the expansion of the vehicle market, has been halted; however, it is anticipated that production will resume after the current crisis has been resolved. The decrease in demand for automotive shielding can be attributed to both the lockdown and the delayed production of autos. It is anticipated that COVID-19 will have an effect on all parties involved in the value chain.
KEY MARKET PLAYERS:
Laird PLC (UK), Dana Limited (US), Schaffner Holding (Switzerland), ElringKlinger AG (Germany), Federal-Mogul Corporation (US), Morgan Advanced Materials (UK), Henkel AG & Company, KGaA (Germany), Kitagawa Europe (Japan), Autoneum (Switzerland), and Progress-WerkOberkirch AG (Germany) are some of the affluent competitors with significant market share in the Automotive Shielding Market.
Market, By Shielding:
The global market has been divided into heat, and electromagnetic interference based on the shielding segment. EMI shielding is a rapidly growing segment because electric vehicles have a greater number of electronic components than conventional IC engine vehicles, and EMI shielding is useful for controlling the heat transfer of electronic components.
Market, By Heat Application:
The global market has been divided into Engine, Turbocharger, Battery Management, and Fuel Tank Based on the heat application segment. heat shields can be found in a variety of locations, including the engine compartment, the exhaust system, the turbocharger, and many other places. The increase in vehicle production across the globe is the primary force behind the expansion of the heat shield market.
Market, By Vehicle Type:
The global market has been divided into Passenger Cars (PC), Lightweight Commercial Vehicles (LCV), and Heavy Weight Commercial Vehicles (HCV) based on the vehicle type segment. Passenger vehicles accounted for a larger portion of the market. Commercial vehicles, on the other hand, are expected to acquire market share by the end of the forecast period due to an expansion in the construction and agriculture industries.
By Heat Application:
By Vehicle Type:
Passenger Cars (PC)
Lightweight Commercial Vehicles (LCV)
Heavy Weight Commercial Vehicles (HCV)
The Global Automotive Shielding Market is segmented into the following four regions: North America, Europe, Asia Pacific, and the Rest of the World based on the results of regional research: It is anticipated that the Asia-Pacific region will hold the market share leadership position in the automotive shielding industry, followed by Europe and North America. The increasing production and demand for autos during the time covered by the prediction is what is driving the demand. This demand can be ascribed to the rising income levels of the people who live in the region, which in turn enables the people to purchase an increased number of high-end luxury vehicles.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 21.96 Billion|
|Market Size by 2030||US$ 30.76 Billion|
|CAGR||CAGR of 4.3% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Shielding (Heat, Electromagnetic Interference)
• by Heat Application (Engine, Turbocharger, Battery Management, Fuel Tank)
• by Vehicle Type (Passenger Cars (PC), Lightweight Commercial Vehicles (LCV), Heavy Weight Commercial Vehicles (HCV))
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Laird PLC (UK), Dana Limited (US), Schaffner Holding (Switzerland), ElringKlinger AG (Germany), Federal-Mogul Corporation (US), Morgan Advanced Materials (UK), Henkel AG & Company, KGaA (Germany), Kitagawa Europe (Japan), Autoneum (Switzerland), and Progress-WerkOberkirch AG (Germany)|
|Key Drivers||•Due to an increase in both popularity and demand, fuel-efficient vehicles have seen a recent spike.
•The implementation of stringent environmental restrictions and laws in a number of different countries.
|RESTRAINTS||•The high cost of metallic shielding systems could significantly impede market expansion.
•Limited financial resources could exacerbate the situation for enterprises and limit their market penetration.
Frequently Asked Questions (FAQ) :
Ans:- The market size is expected to reach USD 28.28 billion by 2028.
Ans:- Shielding, Heat application, and Vehicle type are the different segments of the market.
Ans:- Increase in the number of luxury automobiles worldwide and increasing use of electronic components in automobiles are the most promising aspects/opportunities of the Automotive Shielding Market.
Ans:- Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, government agencies and NGOs, Trade/Industrial associations, and End-use industries are the stakeholder of this report.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Shielding Market Segmentation, By Shielding
8.2 Electromagnetic Interference
9. Global Automotive Shielding Market Segmentation, By Heat Application
9.3 Battery Management
9.4 Fuel Tank
10. Global Automotive Shielding Market Segmentation, By Vehicle Type
10.1 Passenger Cars (PC)
10.2 Lightweight Commercial Vehicles (LCV)
10.3 Heavy Weight Commercial Vehicles (HCV)
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Morgan Advanced Materials (UK),
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Laird PLC (UK)
12.3 Dana Limited (US)
12.4 Schaffner Holding (Switzerland)
12.5 ElringKlinger AG (Germany)
12.6 Federal-Mogul Corporation (US)
12.7 Henkel AG & Company
12.8 KGaA (Germany)
12.9 Kitagawa Europe (Japan)
12.10 Autoneum (Switzerland)
12.11 Progress-WerkOberkirch AG (Germany)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.