Table of Content

1 INTRODUCTION 34
1.1 OBJECTIVES OF THE STUDY 34
1.2 PRODUCT DEFINITION 35
1.2.1 INCLUSIONS & EXCLUSIONS 36
TABLE 1 INCLUSIONS & EXCLUSIONS FOR AUTOMOTIVE HEAT SHIELD MARKET 36
1.3 MARKET SCOPE 37
FIGURE 1 MARKET SEGMENTATION: AUTOMOTIVE HEAT SHIELD MARKET 37
1.3.1 YEARS CONSIDERED FOR STUDY 37
1.4 LIMITATIONS 38
1.5 STAKEHOLDERS 38
1.6 SUMMARY OF CHANGES 39
FIGURE 2 MNM DOWNGRADES ITS FORECAST OF AUTOMOTIVE HEAT SHIELD MARKET 39

2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
FIGURE 3 AUTOMOTIVE HEAT SHIELD MARKET: RESEARCH DESIGN 40
FIGURE 4 RESEARCH DESIGN MODEL 41
2.2 SECONDARY DATA 41
2.2.1 KEY SECONDARY SOURCES FOR AUTOMOTIVE HEAT SHIELD MARKET 41
2.2.2 KEY DATA FROM SECONDARY SOURCES 42
2.3 PRIMARY DATA 43
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS 43
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 44
2.3.2 PRIMARY PARTICIPANTS 44
2.3.3 KEY DATA FROM PRIMARY SOURCES 45
TABLE 2 PRIMARY DATA SOURCES 45
2.4 MARKET SIZE ESTIMATION 45
2.4.1 DATA TRIANGULATION APPROACH 45
2.4.2 BOTTOM-UP APPROACH: AUTOMOTIVE HEAT SHIELD MARKET 46
2.4.3 TOP-DOWN APPROACH: AUTOMOTIVE HEAT SHIELD MARKET 47
FIGURE 6 AUTOMOTIVE HEAT SHIELD MARKET: RESEARCH DESIGN & METHODOLOGY 47
FIGURE 7 AUTOMOTIVE HEAT SHIELD MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF LYDALL REVENUE ESTIMATION 48
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 49
FIGURE 8 DATA TRIANGULATION 49
2.6 ASSUMPTIONS 50
2.7 RISK ASSESSMENT & RANGES 51
TABLE 3 RISK ASSESSMENT & RANGES 51

3 EXECUTIVE SUMMARY 52
FIGURE 9 AUTOMOTIVE HEAT SHIELD: MARKET OUTLOOK 52
FIGURE 10 AUTOMOTIVE HEAT SHIELD MARKET: MARKET DYNAMICS 53
FIGURE 11 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2020 VS. 2025 (USD MILLION) 54
3.1 PRE-COVID-19 AND POST-COVID-19 IMPACT ON AUTOMOTIVE HEAT SHIELD MARKET 55
TABLE 4 AUTOMOTIVE HEAT SHIELD MARKET, PRE-COVID-19 AND POST-COVID-19 SCENARIO, 2017-2025, (USD BILLION) 55
3.2 COVID-19 IMPACT ON THE AUTOMOTIVE HEAT SHIELD MARKET 55

4 PREMIUM INSIGHTS 56
4.1 AUTOMOTIVE HEAT SHIELD MARKET TO GROW AT A SIGNIFICANT RATE DURING THE FORECAST PERIOD (2020–2025) 56
FIGURE 12 INCREASING FOCUS ON LIGHT-WEIGHTING IS LIKELY TO BOOST MARKET GROWTH 56
4.2 ASIA PACIFIC LEADS THE GLOBAL AUTOMOTIVE HEAT SHIELD MARKET IN 2020 57
FIGURE 13 AUTOMOTIVE HEAT SHIELD MARKET SHARE, BY REGION, 2020 57
4.3 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE AND MATERIAL TYPE 58
FIGURE 14 PASSENGER CAR AND METALLIC HEAT SHIELD ESTIMATED TO DOMINATE MARKET IN 2020 58
4.4 AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION 59
FIGURE 15 TURBOCHARGER HEAT SHIELD IS EXPECTED TO HOLD THE LARGEST MARKET SHARE BY 2025 (USD MILLION) 59
4.5 AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION 59
FIGURE 16 ACOUSTIC HEAT SHIELD IS ESTIMATED TO HOLD THE LARGEST MARKET SHARE, 2020 VS. 2025 (USD MILLION) 59
4.6 AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL TYPE 60
FIGURE 17 METALLIC HEAT SHIELD IS EXPECTED TO DOMINATE THE MARKET, 2020 VS. 2025 (USD MILLION) 60
4.7 AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT TYPE 60
FIGURE 18 DOUBLE SHELL HEAT SHIELD IS ESTIMATED TO HOLD THE LARGEST MARKET SHARE BY 2025, 2020 VS. 2025 (USD MILLION) 60
4.8 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE 61
FIGURE 19 PASSENGER CAR IS EXPECTED TO DOMINATE THE MARKET,
2020 VS. 2025 (USD MILLION) 61
4.9 AUTOMOTIVE HEAT SHIELD MARKET, BY ELECTRIC VEHICLE TYPE 61
FIGURE 20 HEV IS EXPECTED TO DOMINATE THE MARKET,
2020 VS. 2025 (USD THOUSAND) 61

5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 OPERATIONAL DATA 62
TABLE 5 INTERNAL COMBUSTION ENGINE (ICE) VEHICLE PRODUCTION, 2017 -2019 62
5.3 MARKET DYNAMICS 63
FIGURE 21 AUTOMOTIVE HEAT SHIELD MARKET: MARKET DYNAMICS 63
5.3.1 DRIVERS 63
5.3.1.1 Growing focus on light-weighting and fuel efficiency standards 63
TABLE 6 UNITED STATES: FUEL EFFICIENCY STANDARDS 64
TABLE 7 EUROPE: FUEL EFFICIENCY STANDARDS 64
TABLE 8 CHINA: FUEL EFFICIENCY STANDARDS 65
5.3.1.2 Rise in electrical and electronics components in vehicles 65
5.3.2 RESTRAINTS 65
5.3.2.1 Restriction on ICE vehicles by major countries 65
5.3.3 OPPORTUNITIES 66
5.3.3.1 Government standards pertaining to components and structures 66
5.3.3.2 Growth in advanced technologies 66
5.3.3.3 Rising demand for electric vehicles 66
FIGURE 22 ELECTRIC VEHICLE ROADMAP: VOLKSWAGEN 67
TABLE 9 BATTERY ELECTRIC VEHICLE SALES, BY COUNTRY, 2018 & 2019 (UNITS) 67
FIGURE 23 ELECTRIC VEHICLE DELIVERY 2020: NIO 68
FIGURE 24 ELECTRIC VEHICLE DELIVERY 2019-2020: TESLA 68
5.3.4 CHALLENGES 68
5.3.4.1 High vehicle cost 68
5.3.4.2 Increased vehicle weight 69
5.3.5 IMPACT OF MARKET DYNAMICS 69
TABLE 10 AUTOMOTIVE HEAT SHIELD MARKET: IMPACT OF MARKET DYNAMICS 69
5.4 PRICING ANALYSIS 70
FIGURE 25 PRICING ANALYSIS: AUTOMOTIVE HEAT SHIELD MARKET 70
5.5 USE CASES 70
5.5.1 AUTONEUM: ULTRA-SILENT BATTERY UNDERCOVER 70
5.5.2 MORGAN ADVANCED MATERIALS: EV THERMAL MANAGEMENT 70
5.5.2.1 Cell-cell protection 70
5.5.2.2 Module-module protection 71
5.5.2.3 Pack level protection 71
5.6 REVENUE MISSED: OPPORTUNITIES FOR AUTOMOTIVE HEAT SHIELD MANUFACTURERS 71
5.7 REVENUE SHIFT DRIVING MARKET GROWTH 71

6 INDUSTRY TRENDS 72
6.1 INTRODUCTION 72
6.2 VALUE CHAIN ANALYSIS 72
FIGURE 26 VALUE CHAIN ANALYSIS: AUTOMOTIVE HEAT SHIELD MARKET 72
6.3 PORTERS FIVE FORCES 73
FIGURE 27 PORTER’S FIVE FORCES: AUTOMOTIVE HEAT SHIELD MARKET 73
6.4 MACRO INDICATOR ANALYSIS 73
6.4.1 GROWTH OF AUTOMOTIVE HEAT SHIELD MARKET 74
6.4.2 GDP (USD BILLION) 74
6.4.3 GNI PER CAPITA, ATLAS METHOD (USD) 74
6.4.4 GDP PER CAPITA PPP (USD) 74
6.4.5 MACRO INDICATORS INFLUENCING THE AUTOMOTIVE HEAT SHIELD MARKET, TOP 3 COUNTRIES 74
6.4.5.1 Germany 74
6.4.5.2 US 75
6.4.5.3 China 75

7 COVID–19 IMPACT 76
7.1 INTRODUCTION TO COVID-19 76
7.2 COVID-19 HEALTH ASSESSMENT 76
FIGURE 28 COVID-19: THE GLOBAL PROPAGATION 76
FIGURE 29 COVID-19 PROPAGATION: SELECT COUNTRIES 77
7.3 COVID-19 ECONOMIC ASSESSMENT 78
FIGURE 30 REVISED GDP FORECASTS FOR SELECTED G20 COUNTRIES IN 2020 78
7.3.1 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 78
FIGURE 31 FACTORS IMPACTING THE GLOBAL ECONOMY 79
FIGURE 32 GLOBAL ECONOMY: RECOVERY SCENARIOS 80
7.4 IMPACT ON GLOBAL AUTOMOTIVE INDUSTRY 81
7.4.1 IMPACT ON GLOBAL AUTOMOTIVE HEAT SHIELD MARKET 82
7.5 AUTOMOTIVE HEAT SHIELD MARKET, SCENARIOS (2020–2025) 83
FIGURE 33 AUTOMOTIVE HEAT SHIELD MARKET– FUTURE TRENDS & SCENARIO,
2020–2025 (USD MILLION) 83
7.5.1 MOST LIKELY SCENARIO 83
TABLE 11 AUTOMOTIVE HEAT SHIELD MARKET (MOST LIKELY), BY REGION,
2017–2025 (USD MILLION) 84
7.5.2 OPTIMISTIC SCENARIO 84
TABLE 12 AUTOMOTIVE HEAT SHIELD MARKET (OPTIMISTIC), BY REGION,
2020–2025 (USD MILLION) 84
7.5.3 PESSIMISTIC SCENARIO 85
TABLE 13 AUTOMOTIVE HEAT SHIELD MARKET (PESSIMISTIC), BY REGION,
2020–2025 (USD MILLION) 85
8 AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT TYPE 86
8.1 INTRODUCTION 87
8.2 OPERATIONAL DATA 87
8.3 RESEARCH METHODOLOGY 87
8.4 ASSUMPTIONS 88
TABLE 14 MAJOR ASSUMPTIONS: BY PRODUCT TYPE 88
FIGURE 34 KEY PRIMARY INSIGHTS 88
FIGURE 35 AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT TYPE,
2020 VS. 2025 (USD MILLION) 88
TABLE 15 AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT TYPE,
2017–2019 (USD MILLION) 89
TABLE 16 AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT TYPE,
2020–2025 (USD MILLION) 89
8.5 SINGLE SHELL 89
8.5.1 HIGH REFLECTIVITY AND LIGHTWEIGHT PROPERTY OF SINGLE SHELL ALUMINIUM HEAT SHIELDS WILL DRIVE THE MARKET 89
TABLE 17 SINGLE SHELL: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2017–2019 (USD MILLION) 89
TABLE 18 SINGLE SHELL: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2020–2025 (USD MILLION) 90
8.6 DOUBLE SHELL 90
8.6.1 NEED FOR THERMAL COMFORT IN PASSENGER COMPARTMENTS AND ENGINE ENCAPSULATIONS WILL BOOST DEMAND 90
TABLE 19 DOUBLE SHELL: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2017–2019 (USD MILLION) 90
TABLE 20 DOUBLE SHELL: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2020–2025 (USD MILLION) 91
8.7 SANDWICH 91
8.7.1 SUPERIOR THERMAL AND ACOUSTICAL PERFORMANCE OF SANDWICH HEAT SHIELDS WILL BOOST DEMAND 91
TABLE 21 SANDWICH: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2017–2019 (USD MILLION) 91
TABLE 22 SANDWICH: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2020–2025 (USD MILLION) 92
8.8 MARKET LEADERS 92
TABLE 23 RECENT DEVELOPMENTS, BY PRODUCT TYPE 92
9 AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION 93
9.1 INTRODUCTION 94
9.2 OPERATIONAL DATA 94
TABLE 24 HEAT SHIELDS COMPONENTS 94
9.3 RESEARCH METHODOLOGY 95
9.4 ASSUMPTIONS 95
TABLE 25 MAJOR ASSUMPTIONS: BY APPLICATION 95
FIGURE 36 KEY PRIMARY INSIGHTS 95
FIGURE 37 AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION,
2020 VS. 2025 (USD MILLION) 96
TABLE 26 AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION,
2017–2019 (USD MILLION) 96
TABLE 27 AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 96
9.5 EXHAUST SYSTEM HEAT SHIELD 97
9.5.1 FOCUS ON INCREASING FUEL EFFICIENCY WOULD IMPACT DEMAND 97
TABLE 28 EXHAUST SYSTEM HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET,
BY REGION, 2017–2019 (USD MILLION) 97
TABLE 29 EXHAUST SYSTEM HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET,
BY REGION, 2020–2025 (USD MILLION) 97
9.5.1.1 Exhaust pipes 98
9.5.1.2 Exhaust manifold 98
9.5.1.3 Catalytic convertor 98
9.6 TURBOCHARGER HEAT SHIELD 98
9.6.1 GROWING TREND OF ENGINE DOWNSIZING IS EXPECTED TO FUEL THE MARKET 98
TABLE 30 TURBOCHARGER HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET,
BY REGION, 2017–2019 (USD MILLION) 98
TABLE 31 TURBOCHARGER HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET,
BY REGION, 2020–2025 (USD MILLION) 99
9.6.1.1 Intake manifold 99
9.6.1.2 Air intake 99
9.7 UNDER BONNET HEAT SHIELD 99
9.7.1 GOVERNMENT REGULATIONS TO REDUCE NVH LEVELS WILL DRIVE DEMAND 99
TABLE 32 UNDER BONNET HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET,
BY REGION, 2017–2019 (USD MILLION) 100
TABLE 33 UNDER BONNET HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET,
BY REGION, 2020–2025 (USD MILLION) 100
9.7.1.1 Electronic box/ECU 100
9.7.1.2 Battery 101
9.7.1.3 Firewall 101
9.8 ENGINE COMPARTMENT HEAT SHIELD 101
9.8.1 DEMAND FOR POWERFUL ENGINES WITH REDUCED NOISE WILL DRIVE THE MARKET 101
TABLE 34 ENGINE COMPARTMENT HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION) 101
TABLE 35 ENGINE COMPARTMENT HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION) 101
9.9 UNDER CHASSIS HEAT SHIELD 102
9.9.1 RISING ENGINE ENCAPSULATIONS TO REDUCE FUEL CONSUMPTION WILL BOOST DEMAND 102
TABLE 36 UNDER CHASSIS HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET,
BY REGION, 2017–2019 (USD MILLION) 102
TABLE 37 UNDER CHASSIS HEAT SHIELD: AUTOMOTIVE HEAT SHIELD MARKET,
BY REGION, 2020–2025 (USD MILLION) 102
9.9.1.1 Transmission lines/cables 103
9.9.1.2 Transmission tunnel 103
9.9.1.3 Gearbox 103
9.10 MARKET LEADERS 103
TABLE 38 RECENT DEVELOPMENTS, BY APPLICATION 103

10 AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION 104
10.1 INTRODUCTION 105
10.2 OPERATIONAL DATA 105
TABLE 39 MARKET LEADERS OF HEAT SHIELD FUNCTIONS 105
10.3 RESEARCH METHODOLOGY 106
10.4 ASSUMPTIONS 106
TABLE 40 MAJOR ASSUMPTIONS: BY FUNCTION 106
FIGURE 38 KEY PRIMARY INSIGHTS 106
FIGURE 39 AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION,
2020 VS. 2025 (USD MILLION) 107
TABLE 41 AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION,
2017–2019 (USD MILLION) 107
TABLE 42 AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION,
2020–2025 (USD MILLION) 107
10.5 ACOUSTIC 108
10.5.1 NEED FOR THERMAL PROTECTION WITH REDUCTION IN EXTERNAL
NOISE TO DRIVE DEMAND 108
TABLE 43 ACOUSTIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2017–2019 (USD MILLION) 108
TABLE 44 ACOUSTIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2020–2025 (USD MILLION) 108
10.6 NON-ACOUSTIC 109
10.6.1 INCREASING DEMAND FOR FLEXIBLE AND RIGID TECHNOLOGIES WILL DRIVE THE MARKET 109
TABLE 45 NON-ACOUSTIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2017–2019 (USD MILLION) 109
TABLE 46 NON-ACOUSTIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2020–2025 (USD MILLION) 109
10.7 MARKET LEADERS 110
TABLE 47 RECENT DEVELOPMENT, BY FUNCTION 110

11 AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL TYPE 111
11.1 INTRODUCTION 112
11.2 OPERATIONAL DATA 112
TABLE 48 COMPARISON OF AUTOMOTIVE LIGHTWEIGHT MATERIAL VS.
CONVENTIONAL MATERIAL PRICING 112
11.3 RESEARCH METHODOLOGY 113
11.4 ASSUMPTIONS 113
TABLE 49 MAJOR ASSUMPTIONS: BY MATERIAL TYPE 113
FIGURE 40 KEY PRIMARY INSIGHTS 113
FIGURE 41 AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL TYPE,
2020 VS. 2025 (USD MILLION) 114
TABLE 50 AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL TYPE,
2017–2019 (USD MILLION) 114
TABLE 51 AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL TYPE,
2020–2025 (USD MILLION) 114
11.5 METALLIC 115
11.5.1 INCREASING FLEXIBILITY OF METALLIC SHIELDS WOULD FUEL DEMAND 115
TABLE 52 METALLIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2017–2019 (USD MILLION) 115
TABLE 53 METALLIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2020–2025 (USD MILLION) 115
11.6 NON-METALLIC 116
11.6.1 NEED FOR LIGHTWEIGHT HEAT SHIELDS TO INCREASE FUEL EFFICIENCY WILL DRIVE DEMAND 116
TABLE 54 NON-METALLIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2017–2019 (USD MILLION) 116
TABLE 55 NON-METALLIC: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2020–2025 (USD MILLION) 116
11.7 MARKET LEADERS 117
TABLE 56 RECENT DEVELOPMENTS, BY MATERIAL TYPE 117

12 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE 118
12.1 INTRODUCTION 119
12.2 OPERATIONAL DATA 119
TABLE 57 GLOBAL VEHICLE PRODUCTION, 2017 – 2019 (UNITS) 119
12.3 RESEARCH METHODOLOGY 119
12.4 ASSUMPTIONS 120
TABLE 58 MAJOR ASSUMPTIONS: BY VEHICLE TYPE 120
FIGURE 42 KEY PRIMARY INSIGHTS 120
FIGURE 43 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2020 VS. 2025 (USD MILLION) 120
TABLE 59 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2017–2019 (USD MILLION) 121
TABLE 60 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2020–2025 (USD MILLION) 121
12.5 PASSENGER CAR 121
12.5.1 RISING DEMAND IN EMERGING COUNTRIES WOULD TRIGGER MARKET GROWTH 121
TABLE 61 PASSENGER CAR: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2017–2019 (USD MILLION) 122
TABLE 62 PASSENGER CAR: AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2020–2025 (USD MILLION) 122
12.6 LIGHT COMMERCIAL VEHICLE 122
12.6.1 RISING DEMAND FOR LCVS IN DEVELOPED COUNTRIES WOULD DRIVE THE MARKET 122
TABLE 63 LIGHT COMMERCIAL VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET,
BY REGION, 2017–2019 (USD MILLION) 123
TABLE 64 LIGHT COMMERCIAL VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET,
BY REGION, 2020–2025 (USD MILLION) 123
12.7 HEAVY COMMERCIAL VEHICLE 123
12.7.1 HIGH DEMAND FOR HCVS FOR HEAVY LOAD TRANSFERS WILL DRIVE THE MARKET 123
TABLE 65 HEAVY COMMERCIAL VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET,
BY REGION, 2017–2019 (USD MILLION) 124
TABLE 66 HEAVY COMMERCIAL VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET,
BY REGION, 2020–2025 (USD MILLION) 124
_
12.8 MARKET LEADERS 125
TABLE 67 RECENT DEVELOPMENT, BY VEHICLE TYPE 125
13 AUTOMOTIVE HEAT SHIELD MARKET, BY ELECTRIC VEHICLE TYPE 126
13.1 INTRODUCTION 127
13.2 RESEARCH METHODOLOGY 128
13.3 ASSUMPTIONS 128
TABLE 68 MAJOR ASSUMPTIONS: BY ELECTRIC VEHICLE TYPE 128
FIGURE 44 KEY PRIMARY INSIGHTS 128
FIGURE 45 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2020 VS. 2025 (USD THOUSAND) 129
TABLE 69 AUTOMOTIVE HEAT SHIELD MARKET, BY ELECTRIC VEHICLE TYPE,
2017–2019 (USD THOUSAND) 129
TABLE 70 AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2020–2025 (USD THOUSAND) 129
13.4 BATTERY ELECTRIC VEHICLE (BEV) 130
13.4.1 INCREASING INVESTMENTS IN CHARGING INFRASTRUCTURE WOULD TRIGGER GROWTH 130
TABLE 71 BATTERY ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET,
BY APPLICATION, 2017–2019 (USD THOUSAND) 130
TABLE 72 BATTERY ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET,
BY APPLICATION, 2020–2025 (USD THOUSAND) 130
13.5 HYBRID ELECTRIC VEHICLE (HEV) 131
13.5.1 ADOPTION OF SUPERIOR THERMAL MANAGEMENT SYSTEMS WOULD DRIVE THE MARKET 131
TABLE 73 HYBRID ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET,
BY APPLICATION, 2017–2019 (USD THOUSAND) 131
TABLE 74 HYBRID ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET,
BY APPLICATION, 2020–2025 (USD THOUSAND) 131
13.6 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 132
13.6.1 DEMAND FOR PROTECTION FROM COLD WEATHER CONDITIONS WILL DRIVE THE MARKET 132
TABLE 75 PLUG-IN HYBRID ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET,
BY APPLICATION, 2017–2019 (USD THOUSAND) 132
TABLE 76 PLUG-IN HYBRID ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET,
BY APPLICATION, 2020–2025 (USD THOUSAND) 132
13.7 FUEL CELL ELECTRIC VEHICLE (FCEV) 133
13.7.1 GOVERNMENT INITIATIVES WILL DRIVE DEMAND 133
TABLE 77 FUEL CELL ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET,
BY APPLICATION, 2017–2019 (USD THOUSAND) 133
TABLE 78 FUEL CELL ELECTRIC VEHICLE: AUTOMOTIVE HEAT SHIELD MARKET,
BY APPLICATION, 2020–2025 (USD THOUSAND) 133
13.8 MARKET LEADERS 134
TABLE 79 RECENT DEVELOPMENT, BY ELECTRIC VEHICLE TYPE 134
_

14 AUTOMOTIVE HEAT SHIELD MARKET, BY REGION 135
14.1 INTRODUCTION 136
FIGURE 46 AUTOMOTIVE HEAT SHIELD MARKET, BY REGION,
2020 VS. 2025 (USD MILLION) 136
TABLE 80 AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2017–2019 (USD MILLION) 137
TABLE 81 AUTOMOTIVE HEAT SHIELD MARKET, BY REGION, 2020–2025 (USD MILLION) 137
14.2 ASIA PACIFIC 137
FIGURE 47 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET SNAPSHOT 138
TABLE 82 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY COUNTRY,
2017–2019 (USD MILLION) 139
TABLE 83 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY COUNTRY,
2020–2025 (USD MILLION) 139
TABLE 84 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION,
2017–2019 (USD MILLION) 139
TABLE 85 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY APPLICATION,
2020–2025 (USD MILLION) 140
TABLE 86 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2017–2019 (USD MILLION) 140
TABLE 87 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2020–2025 (USD MILLION) 140
TABLE 88 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT,
2017–2019 (USD MILLION) 141
TABLE 89 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY PRODUCT,
2020–2025 (USD MILLION) 141
TABLE 90 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL,
2017–2019 (USD MILLION) 141
TABLE 91 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY MATERIAL,
2020–2025 (USD MILLION) 141
TABLE 92 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION,
2017–2019 (USD MILLION) 142
TABLE 93 ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY FUNCTION,
2020–2025 (USD MILLION) 142
14.2.1 IMPACT OF COVID-19 ON AUTOMOTIVE HEAT SHIELD MARKET
IN ASIA PACIFIC 142
14.2.2 CHINA 143
14.2.2.1 Presence of heat shield manufacturers will drive the market 143
14.2.2.2 China vehicle production data 143
TABLE 94 CHINA: VEHICLE PRODUCTION DATA (UNITS) 143
14.2.2.3 China: Decline in vehicle production due to COVID-19 143
TABLE 95 CHINA: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS) 143
14.2.2.4 China: Decline in vehicle sales due to COVID-19 143
TABLE 96 CHINA: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS) 143
TABLE 97 CHINA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2017–2019 (USD MILLION) 144
TABLE 98 CHINA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2020–2025 (USD MILLION) 144
14.2.3 INDIA 144
14.2.3.1 Growing demand for fuel-efficient vehicles will fuel the market 144
14.2.3.2 India vehicle production data 145
TABLE 99 INDIA: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS) 145
14.2.3.3 India: Decline in vehicle production due to COVID-19 145
TABLE 100 INDIA: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS) 145
14.2.3.4 India: Decline in vehicle sales due to COVID-19 145
TABLE 101 INDIA: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS) 145
TABLE 102 INDIA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2017–2019 (USD MILLION) 145
TABLE 103 INDIA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2020–2025 (USD MILLION) 146
14.2.4 JAPAN 146
14.2.4.1 Use of advanced electronic components is expected to drive
the market 146
14.2.4.2 Japan vehicle production data 146
TABLE 104 JAPAN: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS) 146
14.2.4.3 Japan: Decline in vehicle production due to COVID-19 147
TABLE 105 JAPAN: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS) 147
14.2.4.4 Japan: Decline in vehicle sales due to COVID-19 147
TABLE 106 JAPAN: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS) 147
TABLE 107 JAPAN: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2017–2019 (USD MILLION) 147
TABLE 108 JAPAN: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2020–2025 (USD MILLION) 147
14.2.5 SOUTH KOREA 148
14.2.5.1 Government initiatives for increased safety to drive demand 148
14.2.5.2 South Korea vehicle production data 148
TABLE 109 SOUTH KOREA: VEHICLE PRODUCTION DATA, 2017-2019 (UNITS) 148
TABLE 110 SOUTH KOREA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION) 148
TABLE 111 SOUTH KOREA: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION) 149
14.2.6 THAILAND 149
14.2.6.1 Favorable government tax policies to encourage foreign investments will drive the market 149
14.2.6.2 Thailand vehicle production data 149
TABLE 112 THAILAND VEHICLE PRODUCTION, 2017-2019 (UNITS) 149
14.2.6.3 Thailand: Decline in vehicle production due to COVID-19 150
TABLE 113 THAILAND: Q1 VEHICLE PRODUCTION DATA, 2019 & 2020 (UNITS) 150
14.2.6.4 Thailand: Decline in vehicle sales due to COVID-19 150
TABLE 114 THAILAND: Q1 VEHICLE SALES DATA, 2019 & 2020 (UNITS) 150
TABLE 115 THAILAND: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2017–2019 (USD MILLION) 150
TABLE 116 THAILAND: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE,
2020–2025 (USD MILLION) 150
14.2.7 REST OF ASIA PACIFIC 151
14.2.7.1 OEM focus on expansion in the region will drive the market 151
TABLE 117 REST OF ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION) 151
TABLE 118 REST OF ASIA PACIFIC: AUTOMOTIVE HEAT SHIELD MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION) 151