Automotive Front End Modules Market: Emerging Economies to Remain Opportunistic
Posted by Arslan on April 22nd, 2019
"Automotive Front End Module Market Forecast, Trend Analysis and Competition Tracking – Global Review 2017-2022” report provides unbiased intelligence on various market aspects including key segments of the automotive front end module market. The comprehensive research on automotive front end module market provides the reader with strategic tools that can be leveraged to gain competitive advantage in the coming years. Moreover, the automotive front end module market report includes past data analysis, current scenario and future projections for a period of five years, from 2017 till 2022.
Front end modules are built-in modules integrated with several functional components that are used in wireless front end circuits such as Wi-Fi, LTE, GPS and Bluetooth. Automotive front end modules also provide structural stability and function as crash structures during impact to reduce accident impact.
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Industry wide shift towards efficient, aesthetically pleasing and lightweight features continue to influence the growth of the automotive front end module market. With growing consumer inclination toward vehicle front end modules, heavy investments are being made in the automotive front end module space as manufacturers opt for miniaturization of their products. In addition, evolution of smart automotive front end module has embossed a positive impact its market’s growth on the coattails of increasing proliferation of Internet of Things (IoT). Fact.MR envisages that the demand for automotive front end module is projected to expand at a CAGR of 5.1% during the period of forecast, 2017-2022.
Automotive Front End Module Market by Material Type
Analysis on various material used in the automotive front end module manufacturing along with their adoption rates is included in this chapter. The section covers intelligence on sales and demand scenario of plastics, metal and composites.
Automotive Front End Module Market by Sales Channel
OEMs are likely to remain an attractive sales channel for automotive front end module. ORM channel is expected to largely contribute to the growth of the automotive front end module market during the assessment period, says the report. Aftermarket for automotive front end module is projected to grow at a significant pace, albeit at a lower base than OEM. Stakeholders in the automotive front end module market can expect significant opportunities by tapping the OEM channel in a bid to achieve sustenance and increased profitability.
Demand for composite material in automotive front end module manufacturing is expected to increase at a rapid pace. According to the report, sales of automotive front end module from composite material are likely to account for more than 55% in the overall automotive front end module market. Acceptance of composites in the automotive sector has witnessed a significant spike with growing demand for lightweight yet durable products. Moreover, high strength to weight ratio of composites coupled with enhanced corrosion resistance and operational feature have furthered their use in automotive front end module manufacturing. Moreover, sales of automotive front end module with composites are also influenced by increasing demand for fuel efficient vehicles.
The automotive front end module market includes assessment on various key players. Major companies profiled in the report include Plastic Ominum, HBPO GmbH, MAHLE GmbH, Faurecia SA, and DENSO Corporation, to name a few.
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About the AuthorArslan
Joined: December 18th, 2017
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