Automotive parts that require heat shielding | Automotive parts that require EMI shielding |
---|---|
Compartments of combustion engine | Console applications |
Exhaust Systems | Infotainment head unit |
Under bonnet | Power steering module |
Under Chassis | Tire pressure monitoring |
Turbochargers | Electronic braking system |
As related above, there are two types of automotive shielding, namely, heat shielding and electromagnetic interference (EMI) shielding.
The global automotive shielding Market stood at ~USD 21.0 billion in 2022 and is estimated to reach ~USD 32.0 billion in 2035 expanding at a CAGR of 4% during the period of 2023 to 2033.
Asia Pacific is the leading region with the maximum revenue share of the automotive shielding market. The region holds the biggest market for electric vehicles. The Asia-Pacific electric vehicle market stood at USD 230.69 billion in 2022 and is expected to reach USD 865.42 billion by 2030 expanding at a CAGR of 19% during the current decade. Apart from that, these countries are also leading in the automobile manufacturing sector. India and China contribute to almost 60% of worldwide electric vehicle sales.