The Asia Pacific Automotive Shielding Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030).
The market plays a pivotal role in ensuring the reliability and performance of modern vehicles amidst the increasing complexity of electronic systems and the demand for advanced technologies. As the automotive industry undergoes significant transformations driven by electrification, connectivity, and autonomous driving, the need for effective shielding against electromagnetic interference (EMI) and radiofrequency interference (RFI) becomes more pronounced.
In recent years, the adoption of automotive shielding technologies has witnessed a steady rise, propelled by the growing integration of electronic components in vehicles. Modern vehicles have many electronic systems, including advanced driver assistance systems (ADAS), infotainment systems, and connectivity features. The automotive industry's emphasis on safety, compliance with stringent regulations, and the need to enhance overall vehicle performance have been key drivers of adopting the shielding. As vehicles become more connected and autonomous, the susceptibility to EMI and RFI increases, necessitating robust shielding solutions to maintain the integrity of critical electronic functions.
The Asia Pacific region, including countries like China and India, has experienced substantial automotive production and sales growth. As the number of vehicles on the road’s increases, the demand for the shielding will likely rise to address various safety, emissions, and performance requirements. The Faster Adoption and Manufacturing of Electric Vehicles initiative aids in developing the electric vehicle industry and its self-sustaining manufacturing ecosystem. Therefore, increasing vehicle sales in Asia Pacific will stimulate the manufacturing of new vehicles, thereby increasing the demand for the shielding. Furthermore, the region's expanding fuel efficiency regulations will also contribute to more demand. Consequently, these aspects will enhance the expansion of the regional market.
The China market dominated the Asia Pacific Automotive Shielding Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,180.8 million by 2030. The Japan market is registering a CAGR of 4.1% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.4% during (2023 - 2030).
Based on Shielding Type, the market is segmented into Heat Shielding, and Electromagnetic Induction shielding. Based on Application, the market is segmented into Electromagnetic Compatibility, Electronic Control Modules, Infotainment Systems, Advanced Driver Assistance Systems, and Others. Based on Vehicle, the market is segmented into Passenger, and Commercial. Based on Material, the market is segmented into Copper, Plastics, Aluminum, Foam, Nickel, Stainless Steel, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Automotive Shielding Market is Predict to reach USD 28.8 Billion by 2030, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dana Incorporated, Tenneco, Inc., Henkel AG & Company, KGaA, Morgan Advanced Materials plc, 3M Company, Parker Hannifin Corporation, RTP Company, Inc., Autoneum Holding AG, Tech Etch, Inc. and Marian, Inc.
By Shielding Type
By Application
By Vehicle
By Material
By Country
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