Automotive Shielding Market
The market for Automotive Shielding was estimated at $25.5 billion in 2024; it is anticipated to increase to $33.6 billion by 2030, with projections indicating growth to around $42.2 billion by 2035.
Global Automotive Shielding Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Automotive Shielding industry revenue is expected to be around $26.7 billion in 2025 and expected to showcase growth with 4.7% CAGR between 2025 and 2034. The significant growth trend can mostly be credited to the rising desire for vehicles and the growing importance of safety and protection in the car industry. Automotive Shield plays a role in averting magnetic or electric disturbances and ensuring the proper functioning of various electronic parts, in today's advanced vehicles. It is an element of car production. Given the increasing popularity of hybrid vehicles and the importance of managing heat effectively in such vehicles to meet global emission and safety regulations
Automotive shielding acts as a barrier to safeguard vehicles from heat and noise well as electromagnetic interferences that may affect the performance and durability of car parts unfavorably. Various uses include protecting engine compartments and exhaust systems along with components and other crucial elements under the hood. The increased production of hybrid vehicles in recent times along with the implementation of advanced driver assistance systems (ADAS) and the rising popularity of connected and self driving cars have led to a surge in demand, for these shielding solutions.
Market Key Insights
- The Automotive Shielding market is projected to grow from $25.5 billion in 2024 to $40.3 billion in 2034. This represents a CAGR of 4.7%, reflecting rising demand across Heat Shielding in Engine Compartments, EMI Shielding in Electronic Components and Thermal Shielding in Exhaust Systems.
- Tenneco Inc., 3M, ElringKlinger AG are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Automotive Shielding market and are expected to observe the growth CAGR of 3.3% to 4.3% between 2024 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 5.2% to 6.6%.
- Transition like Transition Towards Electric Vehicles has greater influence in United States and China market's value chain; and is expected to add $927 million of additional value to Automotive Shielding industry revenue by 2030.
- The Automotive Shielding market is set to add $14.9 billion between 2024 and 2034, with manufacturer targeting Exhaust Systems & Under Bonnet Application projected to gain a larger market share.
- With Rapid evolution of electric vehicles, and Surge in electronic in vehicles, Automotive Shielding market to expand 58% between 2024 and 2034.