Automotive Front End Module Market Is Expected to Grow at a Steady CAGR of 5.1% through 2022
This report provides prognosis and analysis of the automotive front end module market. It offers historical data along with forecast data for 2022.
[USPRwire, Sat Apr 13 2019] In order to dissert the market scenario prevailing across the automotive front end module market sector, FactMR has evenly presented a new examination titled “Automotive Front End Module Market Is Expected to Grow at a Steady CAGR of 5.1% through 2022 | Key Players are HBPO GmbH, MAHLE GmbH, Faurecia SA, and DENSO Corporation, etc.”, to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the automotive front end module market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.
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Plastic material is gaining significant traction in the manufacturing of automotive front end modules on the back of growing demand for automobile weight reduction. Moreover, evolution of composites and their acceptance in the automotive sector shifted manufacturers’ focus toward adoption of hybrid systems that are a combination of composites and steel. However, recently, manufacturers are more focused on developing automotive front end modules using composites using injection molded pelletized LFTs (Long Fiber Thermoplastics). They are also using direct LFTs and lightweight composite material LFTs in automotive front end module.
Miniaturization of automotive front end modules along with integration of Internet of Things (IoT) continues to be on an upswing. Proliferation of smart technologies in automotive sector have enabled stakeholders to invest in development of automotive parts using which customers can stay connected with other users in vehicles. This triggered the development of automotive front end modules that feature Bluetooth, Wi-Fi, and LTE connectivity. Manufacturers of automotive front end modules have been focusing on developing advanced products. For instance, Skyworks Solutions have come up with automotive front end modules that include GPS enabled tracking and wireless technology for IoT applications.
Automotive front end module marketplace is witnessing a momentous shift toward sourcing of the module. Still evolving, automotive front end module (FEM) is not completely accepted by original equipment manufacturers on the global front. Sourcing of automotive front end modules can support the automaker by reducing operations on assembly line, lessen tooling costs, cut down weight of vehicle and enhance working capital. Moreover, modularization of automotive front end modules has gained significant traction on the back of increased cost savings. OEMs can save production costs with modularization and can opt of sourcing automotive front end modules that can facilitate about 20% to 30% cost reductions as compared to traditional methods.
Browse Automotive Front End Module Market Report with TOC – https://www.factmr.com/report/29/automotive-front-end-module-market
Automotive front end module manufacturers dedicated toward development of automotive front end modules are striving to introduce advanced designs with enhanced functionalities and integrations, in a bid to add value beyond pre-assembled sub system. With increasing customer demand for high vehicle operational efficiency, manufacturers of automotive front end modules are including new active aerodynamics.
Manufacturers are focusing on introducing innovative cost saving solutions. For instance, HBPO GmbH has introduced new automotive front end module that features innovations and cost saving along with lightweight, enhanced component integration, CO2 reduction and active aerodynamics inclusion. It is using strategic alliance strategy in a bid to expand in North America. Recently, HBPO GmbH initiated a joint venture with Plastic Ominum to add assembly plant in Michigan and aims to double the employment in the region in the coming four years. Plastic Ominum, another major player in the automotive front end module market, is focusing to strengthen its position as a global leader the front end module space. In March 2018, it signed an agreement with MAHLE GmbH to acquire its 33% shareholding in HBPO GmbH joint venture. Plastic Ominum can leverage this to reinforce and speed up the development in smart automotive front end module using HBPO GmbH’s technological expertise.
The report on “Automotive Front End Module Market Forecast, Trend Analysis and Competition Tracking – Global Review 2017-2022”, provides actionable intelligence on various segments of the market. Analysis on use of automotive front end module in passenger cars, light weight commercial vehicles and HCVs is included in the report. Moreover, it also includes historical data assessment, current market scenario and future projections of automotive front end module market across key regions and countries for a five year timeline (2017-2022). The report also covers analysis on various materials used in manufacturing of automotive front end module.
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