How Was The Automotive Shielding Market Performance And Growth During Recent Years?
The Automotive Shielding Market has exhibited significant growth in recent years.
• As of 2024, the market was valued at $16.9 billion, and further surged to $17.97 billion in 2025, with a CAGR of 6.4%.
Factors such as increasing concerns related to electromagnetic interference (EMI), regulatory compliance requirements, consumer safety needs, heightened vehicle connectivity, and the globalization of automotive supply chains have fueled this growth.
What Are The Market Size Projections And Predicted Growth Rate For The Automotive Shielding Market?
The forecast for the automotive shielding market remains positive for the coming years.
• By 2029, the market is projected to reach $24.15 billion, growing at a CAGR of 7.7%.
The substantial growth in the forecast period is attributed to the adoption of lightweighting initiatives, autonomous vehicle development, electrification of vehicles, advanced driver assistance systems (ADAS), connection upgrades in electric vehicles, and increased vehicle complexity. Integrated shielding designs, customization for electric vehicles, flexible and conformable shielding, multi-layer shielding, and 3D printing for customized shielding are expected to be the major trends over the forecast period.
What Is Driving The Growth Of The Automotive Shielding Market?
The rise in vehicle production is a primary factor propelling the growth of the automotive shielding market, as automotive shielding is an integral part of a vehicle's electronic components. For instance, according to the European Automobile Manufacturers' Association, new car registrations rose by 3.9% seven months into 2024, exceeding 6.5 million units. Countries like Spain (+5.6%), Italy (+5.2%), Germany (+4.3%), and France (+2.2%) reported increased growth, validating the growth of vehicle production.
How Is The Automotive Shielding Market Segmented?
The automotive shielding market detailed in this report is divided into:
1) By Shielding Type: Heat Shielding, EMI Shielding
2) By Material Type: Metallic, Non-Metallic
3) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
Pre-Book The Automotive Shielding Market Report For Swift Delivery And Comprehensive Insights Here
What Are The Trends Shaping The Automotive Shielding Market?
Technological advancements are the key trends influencing the automotive shielding market. For example, in June 2022, Bourns, Inc., a US-based manufacturer and supplier of electronic components, introduced an AEC-Q200-compliant, automotive-grade semi-shielded power inductor series designed to withstand high operating temperatures from -40 °C up to 150 °C, using advanced magnetic silicon-based coating technology for superior magnetic shielding.
Which Are The Key Players In The Automotive Shielding Market?
The major players in the automotive shielding market include:
• Elringklinger AG
• Federal-Mogul Holdings LLC
• Laird Performance Materials Inc.
• Marian Inc.
• Morgan Advanced Materials Plc
• Parker Hannifin Corporation
• Schaffner Holding AG
• 3M Company
• Tech-Etch Inc.
• Tenneco Inc.
What Is The Leading Region In The Automotive Shielding Market?
As of 2024, the largest region in the automotive shielding market was Asia-Pacific. Asia-Pacific is also expected to be the fastest-growing region in the forecast period. The regions included in the automotive shielding market report comprise Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
