Automotive Shielding Market Worth $24.7 Billion by 2025 - Exclusive Report by MarketsandMarkets
CHICAGO, March 27, 2020 /PRNewswire/ -- According to the new market research report "Automotive Shielding Market by Shielding (Heat, EMI), Heat Application (Engine, Turbocharger, Battery Management, Fuel Tank), EMI Application (ACC, ECU, LDW, BSD, AEB, FCW, DMS), Material Type, Vehicle (PC, LCV, HCV), and Region - Global Forecast to 2025", published by MarketsandMarkets, the Automotive Shielding Market is projected to grow from USD 20.2 billion in 2020 to USD 24.7 billion by 2025, at a CAGR of 4.1%. The market is driven by factors such as the rising demand for fuel-efficient vehicles, growing safety concerns, and the high adoption rate of advanced electrical and electronic components in vehicles. In addition, increasing focus on driving comfort and in-cabin experience would fuel the demand for heat and EMI shielding during the forecast period.
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The engine control module is expected to be the largest segment among EMI applications in the Automotive Shielding Market
Engine control module, which is also known as Electronic Control Unit (ECU), is a term used for any embedded system that controls one or more electrical systems/subsystems in a vehicle. Modern-day vehicles can have more than 50 ECUs. The ECU gathers data from sensors installed in a vehicle. It uses this data to enhance the working of various operations such as the timing of fuel injection, spark timing, stability control, and in-vehicle telematics.
The EMI shielding market for ECM is expected to increase due to the increased use of ECMs in a vehicle. The number of ECMs in a vehicle has increased due to factors such as rising demand for advanced electrical & electronic components, emission regulations, and safety & security concerns. In addition, the growing demand for high performance engines in the luxury vehicle segment is expected to increase the need for EMI shielding for ECM. ECM is responsible for air-fuel mixture, ignition timing, and valve timing. High performance engines require advanced ECM to deliver the desired performance.