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The global heat shield market was worth $4.19 billion in 2022, and it is expected to reach $6.79 billion by 2030, expanding at a CAGR of 6.5% from $4.4 billion in 2023 to $6.6 billion in 2030.
Enhanced thermal management solutions are in high demand across a number of industries, which is fueling growth in the worldwide heat shield market. If you want your components and systems to last as long as possible and be safe to use, you need heat shields. The requirement to comply with strict emissions and energy efficiency laws, as well as the expanding adoption of high-temperature materials in automotive and aerospace applications, are driving the market's expansion. Due to the increasing production of electric vehicles and the necessity of protecting sensitive components from thermal damage, the automotive industry is a major contributor to the heat shield market. The aerospace sector uses heat shields for the same reason, to keep aircraft and their engines safe from the intense heat that can build up during flight. Heat shields are becoming increasingly useful in a variety of industrial settings, such as the oil and gas industry, the power industry, and the manufacturing sector. Innovation in the market is being fueled by technological developments such as the creation of lightweight and highly efficient heat shield materials. Furthermore, heat shields constructed from recycled and recyclable materials are becoming more often used as people seek out more eco-friendly and sustainable options. North America held a dominant position in the global market because of its well-established automotive and aerospace industries; however, the Asia-Pacific region is experiencing significant growth due to the developing industrial and automotive sectors in countries like China and India. As thermal management solutions are increasingly prioritized by industries to improve performance, efficiency, and safety in operations, the worldwide heat shield market is expected to expand significantly over the coming years.
Categorization by Form
Metallic heat shields account for the vast majority of the market. Due to their great strength and high thermal conductivity, metallic heat shields have found widespread use across a variety of sectors. They find widespread use anywhere high temperatures must be resisted, including the automotive, aerospace, and industrial sectors. Metal heat shields are highly recommended for use on mission-critical components and systems due to their excellent heat dissipation and long service life.
However, the non-metallic heat shields industry is expanding at the quickest rate. Due to their low weight, good thermal insulation, and resilience to corrosion and high temperatures, non-metallic heat shields like ceramic and composite materials are expanding rapidly in popularity. Weight reduction, increased fuel efficiency, and better thermal management are just a few of the reasons why non-metallic heat shields are in high demand in sectors like the automotive and aerospace industries. These heat shields are the fastest-growing category of the market because of developments in non-metallic materials and manufacturing processes that allow them to be used in next-generation applications.
Evaluation Through Use
The automotive sector is the largest consumer of heat shields worldwide. Exhaust systems, catalytic converters, and engine compartments are just some of the components that need to be shielded from the intense heat generated by the engine. Since more and more cars, and especially more and more electric cars, are being manufactured, thermal management solutions like heat shields are in great demand in the automotive industry. When applied to automobiles, heat shields improve fuel economy, cut down on emissions, and protect expensive parts from wear and tear.
The aerospace industry is the most dynamic subset of the heat shield market. Aircraft structures, engines, and other vital components require heat shields to withstand the intense temperatures experienced in flight. There is a growing requirement for cutting-edge heat shield systems due to the rising demand for air travel and the growth of commercial and defense aircraft fleets. Modern heat shields are in high demand because efficient heat management systems are essential for the creation of cutting-edge aircraft designs like supersonic and hypersonic vehicles. Because of the aerospace industry's drive to reduce weight and maximize fuel efficiency, heat shields are experiencing rapid expansion.
Drivers
Thermal management technologies are in high demand in the aerospace and automotive industries.
Demand for thermal management solutions in end-user industries like transportation and aviation is a major factor propelling the global heat shield market. For maximum performance, decreased emissions, and increased safety, heat management becomes increasingly important as cars grow more complex and efficient. Because of this, heat shields, which are used to safeguard electronic components, are in high demand.
Restraints
The steep price tag of cutting-edge heat shielding technology and materials
The high price of cutting-edge heat shield materials and technology is a major factor holding back the market. Investments in R&D and manufacturing are typically necessary when seeking out and implementing novel heat shield solutions. Some industries, notably smaller and medium-sized businesses with limited finances, may struggle to afford these cutting-edge materials and technology. In price-sensitive markets, heat shields may not be widely used because of their high price.
Significant Tendencies in the Market
Lightweight materials and cutting-edge production methods are becoming increasingly popular in the heat shield industry. Industries including automotive and aerospace are looking for solutions for managing heat that are both lightweight and effective because of the rising emphasis on fuel efficiency, reduced emissions, and improved performance. This trend is pushing the creation and use of cutting-edge manufacturing technologies like additive manufacturing and cutting-edge materials like composites and ceramics. Weight-saving, better thermal insulation, and increased system efficiency are just a few of the reasons why lightweight heat shields are becoming increasingly popular.
Report Coverage
Global Heat Shield research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Heat Shield report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Heat Shield competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Heat Shield market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Heat Shield market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Heat Shield market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Morgan Advanced Materials (UK), Dana Limited (US), Federal-Mogul Holding Corporation (US), Autoneum (Switzerland), Lydall Inc. (US), Heat Shield Products (US), Progress-Werk Oberkirch AG (Germany), UGN Inc. (US), Zircotec (UK), ThermoTec (US), Elringklinger AG (Germany), Happich GmbH (Germany), Carcoustics (Germany), Datsons Engineering Works Private Limited (India), J&S GmbH Automotive Technology (Germany), NICHIAS Corporation (Japan), Cummins Inc. (US), Hyundai Motor Company (South Korea), Mitsubishi Heavy Industries, Ltd. (Japan), MAHLE GmbH (Germany)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Heat Shield market based on the below-mentioned segments:
Global Heat Shield Market, By Type
Metallic
non-metallic
Global Heat Shield market, By Application
Automotive
Aircraft
firearms
Global Heat Shield market, Regional Analysis
Enhanced thermal management solutions are in high demand across a number of industries, which is fueling growth in the worldwide heat shield market. If you want your components and systems to last as long as possible and be safe to use, you need heat shields. The requirement to comply with strict emissions and energy efficiency laws, as well as the expanding adoption of high-temperature materials in automotive and aerospace applications, are driving the market's expansion. Due to the increasing production of electric vehicles and the necessity of protecting sensitive components from thermal damage, the automotive industry is a major contributor to the heat shield market. The aerospace sector uses heat shields for the same reason, to keep aircraft and their engines safe from the intense heat that can build up during flight. Heat shields are becoming increasingly useful in a variety of industrial settings, such as the oil and gas industry, the power industry, and the manufacturing sector. Innovation in the market is being fueled by technological developments such as the creation of lightweight and highly efficient heat shield materials. Furthermore, heat shields constructed from recycled and recyclable materials are becoming more often used as people seek out more eco-friendly and sustainable options. North America held a dominant position in the global market because of its well-established automotive and aerospace industries; however, the Asia-Pacific region is experiencing significant growth due to the developing industrial and automotive sectors in countries like China and India. As thermal management solutions are increasingly prioritized by industries to improve performance, efficiency, and safety in operations, the worldwide heat shield market is expected to expand significantly over the coming years.
Categorization by Form
Metallic heat shields account for the vast majority of the market. Due to their great strength and high thermal conductivity, metallic heat shields have found widespread use across a variety of sectors. They find widespread use anywhere high temperatures must be resisted, including the automotive, aerospace, and industrial sectors. Metal heat shields are highly recommended for use on mission-critical components and systems due to their excellent heat dissipation and long service life.
However, the non-metallic heat shields industry is expanding at the quickest rate. Due to their low weight, good thermal insulation, and resilience to corrosion and high temperatures, non-metallic heat shields like ceramic and composite materials are expanding rapidly in popularity. Weight reduction, increased fuel efficiency, and better thermal management are just a few of the reasons why non-metallic heat shields are in high demand in sectors like the automotive and aerospace industries. These heat shields are the fastest-growing category of the market because of developments in non-metallic materials and manufacturing processes that allow them to be used in next-generation applications.
Evaluation Through Use
The automotive sector is the largest consumer of heat shields worldwide. Exhaust systems, catalytic converters, and engine compartments are just some of the components that need to be shielded from the intense heat generated by the engine. Since more and more cars, and especially more and more electric cars, are being manufactured, thermal management solutions like heat shields are in great demand in the automotive industry. When applied to automobiles, heat shields improve fuel economy, cut down on emissions, and protect expensive parts from wear and tear.
The aerospace industry is the most dynamic subset of the heat shield market. Aircraft structures, engines, and other vital components require heat shields to withstand the intense temperatures experienced in flight. There is a growing requirement for cutting-edge heat shield systems due to the rising demand for air travel and the growth of commercial and defense aircraft fleets. Modern heat shields are in high demand because efficient heat management systems are essential for the creation of cutting-edge aircraft designs like supersonic and hypersonic vehicles. Because of the aerospace industry's drive to reduce weight and maximize fuel efficiency, heat shields are experiencing rapid expansion.
Drivers
Thermal management technologies are in high demand in the aerospace and automotive industries.
Demand for thermal management solutions in end-user industries like transportation and aviation is a major factor propelling the global heat shield market. For maximum performance, decreased emissions, and increased safety, heat management becomes increasingly important as cars grow more complex and efficient. Because of this, heat shields, which are used to safeguard electronic components, are in high demand.
Restraints
The steep price tag of cutting-edge heat shielding technology and materials
The high price of cutting-edge heat shield materials and technology is a major factor holding back the market. Investments in R&D and manufacturing are typically necessary when seeking out and implementing novel heat shield solutions. Some industries, notably smaller and medium-sized businesses with limited finances, may struggle to afford these cutting-edge materials and technology. In price-sensitive markets, heat shields may not be widely used because of their high price.
Significant Tendencies in the Market
Lightweight materials and cutting-edge production methods are becoming increasingly popular in the heat shield industry. Industries including automotive and aerospace are looking for solutions for managing heat that are both lightweight and effective because of the rising emphasis on fuel efficiency, reduced emissions, and improved performance. This trend is pushing the creation and use of cutting-edge manufacturing technologies like additive manufacturing and cutting-edge materials like composites and ceramics. Weight-saving, better thermal insulation, and increased system efficiency are just a few of the reasons why lightweight heat shields are becoming increasingly popular.
Report Coverage
Global Heat Shield research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Heat Shield report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Heat Shield competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Heat Shield market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Morgan Advanced Materials (UK), Dana Limited (US), Federal-Mogul Holding Corporation (US), Autoneum (Switzerland), Lydall Inc. (US), Heat Shield Products (US), Progress-Werk Oberkirch AG (Germany), UGN Inc. (US), Zircotec (UK), ThermoTec (US), Elringklinger AG (Germany), Happich GmbH (Germany), Carcoustics (Germany), Datsons Engineering Works Private Limited (India), J&S GmbH Automotive Technology (Germany), NICHIAS Corporation (Japan), Cummins Inc. (US), Hyundai Motor Company (South Korea), Mitsubishi Heavy Industries, Ltd. (Japan), MAHLE GmbH (Germany) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Heat Shield Market from 2021 to 2030.
- Market Forecast for Heat Shield Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Heat Shield competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Heat Shield
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Heat Shield market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Heat Shield market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Morgan Advanced Materials (UK), Dana Limited (US), Federal-Mogul Holding Corporation (US), Autoneum (Switzerland), Lydall Inc. (US), Heat Shield Products (US), Progress-Werk Oberkirch AG (Germany), UGN Inc. (US), Zircotec (UK), ThermoTec (US), Elringklinger AG (Germany), Happich GmbH (Germany), Carcoustics (Germany), Datsons Engineering Works Private Limited (India), J&S GmbH Automotive Technology (Germany), NICHIAS Corporation (Japan), Cummins Inc. (US), Hyundai Motor Company (South Korea), Mitsubishi Heavy Industries, Ltd. (Japan), MAHLE GmbH (Germany)
Primary Target Market
- Market Players of Heat Shield
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Heat Shield market based on the below-mentioned segments:
Global Heat Shield Market, By Type
Metallic
non-metallic
Global Heat Shield market, By Application
Automotive
Aircraft
firearms
Global Heat Shield market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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