Automotive Shielding Market
Shields are widely used in the automotive so that they can provide protection to the interior as well exterior components. In simple words, automotive shielding is a form of protective layer mounted over automotive components to prevent them from the heat radiated in vehicle operations or electromagnetic dispersions from the electrical components and devices in the vehicle. There main is to remove excessive heat from an external source by replenishing the heat. These automotive shielding is usually made of material such as metallic and non- metallic. There are mainly two types of shielding- EMI shielding and heat shielding.
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Some of the Factors Responsible for the Growth of Global Automotive Shielding Market:
- Increasing demand and sales of vehicles globally: The main factor due to which there is increase in the demand for vehicles is because of increasing home values and less interest rate. Increasing disposable income is another factor which is positively impacting the demand. People are getting their personal vehicles so they can travel more easily and conveniently. Manufacturers are also producing cars in different variants as per the need and requirement of the customer which is also increasing the sales of the vehicles worldwide
- Increasing levels of adoption of electrical devices and equipments requiring EMI shielding solutions: Electrostatic interference is a mechanism by which destructive electromagnetic energy is transferred by radiated or conducted paths or both from one electronic device to another. EMI shielding is used in electronic devices because they can affect their performance. They have the ability to decrease the electronic signal integrity and power which is the main factor that creates disturbances in communication system and devices. EMI Shielding decreases the risk to electronic failure by preventing unwanted external electromagnetic waves or by avoiding the emission or disruption of other circuits or devices by internal electromagnetic waves. They have the ability to balance the dielectric permittivity, electrical conductivity, and magnetic permittivity
The Global Automotive Shielding Market is segmented on the basis of material type as metallic shield, and non-metallic shield; shielding type as heat shielding, & EMI shielding; vehicle type as passenger vehicles, commercial vehicles; EV Type as BEV, PHEV, HEV, & FCEV; heat application as turbocharger, engine compartment, & exhaust system and EMI application as infotainment, electric motor, ECM, ACC, FCW, LDW, and IPA.
Some of the Launches and Acquisition in Global Automotive Shielding Market are:
- In September 2019, Nolato announced the acquisition of Ja-Bar Silicone Corporation. This acquisition will help the Nolato to expand their n process- and materials-based electronics shielding solutions. With this the company will be also able to expand their product offering with new production technologies and strengthen their market position in American continents
- In May 2019, Dow announced the launch of their DowSil EC-6601 Electrically Conductive Adhesive which is a part of their portfolio of conductive silicone technologies. This new product is specially designed for transport, communications and consumer electronics applications for positional accuracy and electromagnetic compatibility. This incorporates good shielding with durable mechanical and absorbent property over time against electromagnetic interference across a wide range of frequencies
“According to Data Bridge Market Research, Global Automotive Shielding Market is set to witness a substantial CAGR of 7.48% in the forecast period of 2019- 2026”
Few of the major competitors currently working in the automotive shielding market are Dana Limited; 3M; ElringKlinger AG; Marian, Inc.; SCHAFFNER HOLDING AG; PARKER HANNIFIN CORP; Laird; Tenneco Inc.; Tech-Etch, Inc.; Henkel AG & Co. KGaA; Morgan Advanced Materials; Kitagawa Corporation; RTP Company; Seal Methods Inc., and S&A Industries.
Growing demand for autonomous and semi- autonomous vehicles in the market will accelerate the automotive shielding demand. Rising sales of electric vehicles and growing vehicle production will also positively impact the market growth. Introduction of V2X and automotive safety concerns also augments the market growth. These are some of the factors which are creating new opportunities for this market to grow.
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