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Automotive shielding market seen reaching $34.5 billion by 2032

7 hours ago
Automotive shielding market seen reaching $34.5 billion by 2032

Allied Market Research says the global automotive shielding market will grow from $21.9 billion in 2022 to $34.5 billion by 2032, driven by electrification, connectivity and ADAS demand. Asia-Pacific, copper and passenger vehicles are expected to remain the biggest growth drivers.

Why it matters: - Automotive shielding is becoming more important as vehicles pack in more electronics, sensors and high-voltage systems. - Demand is rising because shielding helps reduce electromagnetic and radio frequency interference that can affect safety, communications and data transmission. - The market growth tracks broader shifts toward electric vehicles, advanced driver assistance systems and connected cars.

What happened: - Allied Market Research published a report projecting the global automotive shielding market will rise from $21.9 billion in 2022 to $34.5 billion by 2032. - The forecast implies a 4.7% compound annual growth rate from 2023 to 2032. - The report covers materials, vehicle types, shielding types and applications across the global market. - A sample report page is available through Download Sample Pages of Research Overview.

The details: - The report segments the market by material into aluminum, copper, stainless steel, nickel, plastics, foam and others. - It segments vehicle type into passenger and commercial. - It segments shielding type into heat shielding and electromagnetic induction shielding. - It segments application into electromagnetic compatibility, infotainment systems, advanced driver assistance systems, electronic control modules and others. - The copper segment held the largest share in 2022, with nearly one-third of global revenue. - Copper is also expected to post the fastest CAGR at 5.2% from 2023 to 2032. - Copper foils and tapes are used to shield cables, wiring harnesses and electronic components. - Copper traces, ground planes and shielding layers on printed circuit boards can block or absorb unwanted electromagnetic fields. - The passenger vehicle segment accounted for more than half of global revenue in 2022. - Passenger vehicles are expected to grow at a 4.9% CAGR through 2032. - The electromagnetic compatibility segment held more than one-fourth of global revenue in 2022. - Advanced driver assistance systems is projected to grow at a 5.2% CAGR over the forecast period. - Asia-Pacific accounted for nearly half of global revenue in 2022. - Asia-Pacific is also forecast to post the highest CAGR at 5.2% through 2032. - The report identifies major market players including DANA Limited, 3M, ElringKlinger AG, Marian Inc., Schaffner Holding AG, Parker Hannifin Corp., Laird Technologies Inc., Tenneco Inc., Tech-Etch Inc., Henkel AG and Co. KGaA and Morgan Advanced Materials PLC. - The company says these players are using product launches, collaborations, expansion, joint ventures and agreements to defend or grow market share. - More report details are available through the full summary report. - Purchase and inquiry pages are available through the report options page and the expert inquiry form. - Additional context appears in a PR Newswire version of the announcement at the distribution post.

Between the lines: - The fastest-growing segments point to where vehicle electronics are becoming more complex: copper for materials, ADAS for applications and Asia-Pacific for geography. - The forecast suggests shielding demand will stay tied to the spread of EVs and connected safety systems rather than to traditional vehicle hardware alone. - Cost, design complexity and weight remain the main headwinds, which can slow adoption even as demand rises.

What’s next: - Automotive shielding demand is likely to rise as EV production, connectivity features and autonomous-driving systems expand. - EMC compliance needs may create more opportunities for suppliers with materials and designs that balance performance, cost and weight. - Companies in the market are expected to keep competing through new products, partnerships and regional expansion.

The bottom line: - Automotive shielding is moving from a niche protection component to a core enabler of electrified and connected vehicles.

Disclaimer: This article was produced by AGP Wire with the assistance of artificial intelligence based on original source content and has been refined to improve clarity, structure, and readability. This content is provided on an “as is” basis. While care has been taken in its preparation, it may contain inaccuracies or omissions, and readers should consult the original source and independently verify key information where appropriate. This content is for informational purposes only and does not constitute legal, financial, investment, or other professional advice.

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