Skip to main content

Automotive Front End Module Market to Witness Stunning Growth by 2032

 According to a recent market analysis by Future Market Insights, the automotive front end module market is expected to reach US$ 22.29 billion in value by 2032. A CAGR of 6.3% is anticipated in the market during the forecast period.

Rising prevalence of Internet of Things (IoT) has a substantial impact on the automotive front end module market growth. Due to the expansion of smart technology, stakeholders have also invested in the development of automotive components that help customers stay connected with other users in automobiles.

OEMs are a desirable sales channel for front end components for automobiles. The ORM channel is additionally anticipated to support market expansion. Therefore, automotive front end module market key players should anticipate opportunities by utilizing the OEM channel in order to achieve sustainability and greater profitability.

Additionally, the modularization of the product architecture is strongly related to the product design. The FEM modularization is growing in demand, which is likely to accelerate the demand for automotive front end modules.

This implementation is predominantly found in the U.S. automotive industry and is expected to contribute greatly to the worldwide market growth.

Modernizing automotive components, however, can be a significant market-size hurdle. In contrast to fuel economy and emissions, there have been more government mandates and restrictions, which were supposed to open up new business opportunities for the automotive front end module market.

Key Takeaways

  • The automotive front end module market is likely to have a CAGR of 3% during the forecast period.
  • The automotive front end module market is currently holding a valuation of US$ 12.13 billion
  • The automotive front end module market is expected to reach a value of US$ 22.29 billion through 2032.
  • With an appropriate revenue of 20%, North America leads the gradually expanding global automotive front end module market.
  • Asia Pacific is anticipated to hold the largest share for the automotive front end module market.
  • Europe is the second-largest market for automobile front end modules, with a revenue share of 35%.

Key players & Startup Contribution

OEMs are putting more of an emphasis on modularization for effective production and vehicle weight reduction to increase fuel efficiency, as well as increased concerns for passenger safety. The main players are concentrating on getting a competitive edge and expanding their market presence.

Mahle Gmbh, Faurecia, Hyundai Mobis, Valeo S.A., Denso Corporation, Calsonic Kansei Corporation, Magna International Inc., Smrpbv, Sl Corporation, Montaplast Gmbh, Wheel Movers (India) Pvt. Ltd., Batsons Industries, Inteva Products, Plastic Omnium, Minda Vast Access Systems Pvt. Ltd., Hanon Systems, Hbpo Group, Aisin Seiki Co. Ltd., Samvardhana Motherson Group, Mitsui Mining & Smelting Co. Ltd., Prabha Engineering Pvt. Ltd, Strattec Security Co., U-Shin Ltd., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile Gmbh & Co., Etc are major players in the automotive front end module market.

Recent Developments

  • They are a US-based firm that uses V2G communication to create a multi-modal charging network for micro-mobility. They offer intelligent charging hubs with built-in car adapters.
  • Following the acquisition of Faurecia's Exterior System division in July 2016, Plastic Omnium boosted its automotive FEM market position in the nation.
  • Officials from Valeo North America stated in June 2017 that they would invest US$25 million to expand their plant in Smyrna, Tennessee. The Smyrna facility expanded 130,000 square feet. to the existing area. The factory creates HVAC goods, as well as active grill shutters and front-end components.

For More Info@ https://www.futuremarketinsights.com/reports/automotive-front-end-module-market

Comments

Post a Comment

Popular posts from this blog

Medical Gloves Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

 The medical gloves market has witnessed significant growth and evolution, especially in recent years, due to the global healthcare challenges, including the COVID-19 pandemic. Medical gloves are crucial protective equipment used by healthcare professionals to prevent the transmission of infections, maintain hygiene standards, and ensure the safety of both patients and medical personnel. This market encompasses a wide range of glove types, including latex, nitrile, vinyl, and others, each with its unique features and applications. One of the key drivers of the medical gloves market is the increasing focus on infection prevention and control in healthcare settings. The heightened awareness of the importance of hand hygiene, especially in the wake of the pandemic, has led to a surge in demand for medical gloves worldwide. Healthcare facilities, including hospitals, clinics, and laboratories, require a steady and reliable supply of gloves to maintain safety protocols an...
Post a Comment
Read more

Aircraft Tire Market Challenges, Drivers, Outlook, Growth Opportunities - Analysis to 2031

 ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global  aircraft tire market  for the forecast period 2021-2031. According to the report, the market is expected to post impressive gains, expanding at a CAGR exceeding  6%  throughout the forecast period. Increasing production of narrowbody and widebody aircrafts are spurring demand. The market posted steady growth in historical period, backed by the high demand of bias ply aircraft ties from military aviation industry. Consistent demand for narrowbody aircrafts backed by the high demand from defense and military sector across the U.S., India, China, and Germany bolstered the market growth. Request a Sample of this Report @   https://www.futuremarketinsights.com/reports/sample/rep-gb-6112 Competitive advantage of bias ply over radial ply in providing higher strength, stability and ground traction will continue to fuelling the demand for former over t...
Post a Comment
Read more

Sales of Commercial Aircraft Video Surveillance Systems to Decelerate in 2020 as COVID 19 Pandemic Takes its Toll on Global Market

  Market Introduction Future Market Insights, in its recent study on the  Commercial Aircraft Video Surveillance Systems market,  offers a detailed value-volume analysis of the Commercial Aircraft Video Surveillance Systems market on the basis of various segments such as product type, application, aircraft type, assembly and region. In terms of product type, cabin surveillance systems is projected to be a lucrative segment in terms of growth opportunities and are mostly being installed in the line fit assembly applications in the commercial aircraft video surveillance systems. To Get the Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5202 There has been significant growth in the number of freighter planes due to expanding e-commerce and pharmaceutical sectors and outperforming global trade growth. From a macroeconomic point of view, demand for commercial aircrafts is anticipated to more than double in the next two decade...
1 comment
Read more