The global automotive shielding market size is projected to grow at a CAGR of 4.1% during the forecast period, to reach USD 24.7 billion by 2025. The key growth drivers for the market are increasing demand for fuel-efficient vehicles due to stringent fuel efficiency regulations and the rapid adoption of electrical and electronic components in vehicles.
The automotive shielding market is dominated by global players such as Tenneco Inc (US), Laird (UK), Henkel (Germany), Dana Incorporated (US), Morgan Advanced Materials (UK), 3M (US), Parker Hannifin (Chomerics) (US), and KGS KITAGAWA INDUSTRIES CO (Japan). These companies have adopted strategies of new product development, expansion, collaborations, partnerships, and mergers & acquisitions to gain traction in the automotive shielding industry.
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Tenneco is a leading player in the automotive shielding market because of its strong distribution network at the global level and extensive automotive shielding offerings. It offers both EMI and heat shield products to the automotive industry. The heat shield products are Nimbus GII Heat Shields, Acoutherm Heat Shields, and Thermcut Heat Shields. The EMI shield products are EMI Shielding, FlexFit EMI 208, TwistTube 2473, and TwistTube 2472. Substantial investments in expanding the sealing facility would help the company expand its footprint in the automotive shielding market.
Laird is another leading automotive shielding manufacturer. Laird provides a wide range of EMI shielding solutions for diversified customers. The company has been continuously working on optimizing its products. Laird delivers effective EMI shielding and gasket solutions from board-level shields and fabric-over-foam gaskets to fingerstock and foam-in-place.
Henkel is deliberated as a key player in the automotive shielding market. Henkel has developed EMI shielding and high-performance adhesives and sealants to build and design advanced, lightweight constructions in a vehicle to achieve higher speeds with lower fuel consumption. The company provides customized solutions to its customers to stay competitive and conduct eco-friendly and cost-effective operations.
Dana Incorporated has an extensive product offering in automotive shielding. It offers various automotive shielding products such as sound-absorbing heat shields, direct insulation heat shields, aluminum heat shields, insulated and damped heat shields, and heat shields with integrated gaskets.
Morgan Advanced Materials has positioned itself as a global player in the automotive shielding market. The company specializes in thermal ceramics, carbon, and composites. It operates in various markets, including healthcare, petrochemical, transportation, electronics, energy, security and defense, and industrial. Its principal products include high-temperature insulating fiber products, microporous products, firebricks, monolithic products, heat shields, fired refractory shapes, and structural block insulation products.
Automotive Shielding Market by Shielding (Heat, EMI), Heat Application (Engine, Turbocharger, Battery Management, Fuel Tank), EMI Application (ACC, ECU, LDW, BSD, AEB, FCW, DMS), Material Type, Vehicle (PC, LCV, HCV), and Region - Global Forecast to 2025
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