Automotive Front End Module Market Market Sales and Forecast Analyzed in a New Research Study
Shift toward Use of Composites and LFTs in Automotive Front End Modules Manufacturing– An Upcoming Trend
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, players in the automotive front end module market are more focused on product development 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.
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Emerging Economies to Remain Opportunistic Markets for Automotive Front End Modules Manufacturers
Increasing automobile production in emerging economies of China and India in the Asia Pacific (APAC) has largely influenced the growth of the automotive front end module market. Manufacturers of automotive front end modules can expect momentous growth in emerging countries of APAC in the coming years. In addition, stakeholders in the automotive front end module market have been targeting China owing to its huge economic stimulus. This is expected to auger well for the growth of the Asia Pacific automotive front end modules market in the coming years.
IoT Integration Fuelling Sales of Automotive Front End Modules as Miniaturization goes Mainstream
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. Key players in the automotive front end module market 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.
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Sourcing Automotive FEMs can Increase Productivity and Profits by a Considerable Margin
Automotive front end module market 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.
Integration of Active Thermodynamics in Automotive Front End Modules in the Offing
Automotive front end module market players 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, companies operating in automotive front end module market are including new active aerodynamics.
Competitive Landscape of Automotive Front End Modules Market
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.
Automotive front end module market participants 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.
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Note: Find out more on new innovations, key strategies and developments of other key players in the automotive front end module market.
About the Automotive Front End Modules Report
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.
Definition of Automotive Front End Modules
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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Additional Questions Answered Automotive Front End Modules Market
The report answers additional questions such as:
What is the automotive front end module market valuation in North America during the assessment period, 2017-2022?
Can the market for automotive front end module in Middle East and Africa surpass Japan automotive front end module market in the coming years?
What is the demand for plastic automotive front end module across regional markets?
OEM vs. Aftermarket for automotive front end module – Who will win?
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