Press release
7 Projections On Automotive Front End Module Market: Size, Trends, Growth Factors And Forecast Till 2022
Fact.MR
The automotive front end market is riding on the coattails of industry-wide shift toward lighter, efficient, and aesthetically-pleasing features. As automotive front end module garner consumer attention, an opportunity to capture profit potential is in the offing for automakers and suppliers. Modular front ends have modernized the design and assembly of passenger vehicles. OEM production lines from around the world are discarding the conventional piecemeal assembly method, and instead, opting for front-end modules.
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Front end modules are ultra-small built-in modules integrated with various functional components used in wireless front end circuits, such as LTE, Wi-Fi, Bluetooth, and GPS. Murata offers various front end modules for devices and functions, such as modules integrated with filters, RF switches and matching circuits.
According to the Fact.MR report, the global market for automotive front end modules is likely to reach US$ 122 Bn value by the end of 2022, reflecting a steady CAGR during 2017-2022.
These seven insights on the global automotive front end module market elucidates future prospects lucrative for automobile manufacturers.
1- The report observes Asia-Pacific excluding Japan (APEJ) region most lucrative for expansion of the global automotive front end module market. Over the assessment period, it is anticipated that APEJ automotive front end module market will soar robustly at steady CAGR.
2- Europe is also predicted at the front end of the automotive front end module market. By 2022, Europe’s automotive front end module sales will have accounted for a gross value of US$ 24.5 Bn.
3- In 2017, North America’s automotive front end module market is anticipated to reach US$ 16.2 Bn in value, owing to rising adoption of new composites in production of car modules.
4- Passenger cars are anticipated to dominate the global automotive front end module revenues, accounting for largest share through 2022. Revenues netted from adoption of automotive front end module in production of passenger cars are expected to surge steadily at steady CAGR over the forecast period.
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5- Demand for composite front-end modules is likely to remain higher than modules made from plastic or metals. In 2017, over US$ 50 Bn worth of automotive front end modules sold across the globe will be made out of composite materials.
6- Lower replacement rate of automotive front end modules, coupled with less demand for modified front end modules in automotive aftermarkets, are indicating that OEMs will remain the largest sales channels in the global market. By 2022, more than US$ 80 Bn worth of automotive front end modules will be sold through OEMs.
7- Hyundai Mobis Co. Ltd., MAHLE GmbH, Denso Corporation, Faurecia SA, HBPO GmbH, Magna International Inc., Valeo SA, Montaplast GmbH, Compagnie Plastic Omnium SA, Murata Manufacturing Co. Ltd., and Samvardhana Motherson Automotive Systems Group B.V. are profiled in the report as key companies partaking in the growth of global automotive front end module market.
Competition Tracking
The report has also profiled key manufacturers of automotive front end modules, which include companies such as Murata manufacturing Co. ltd., Faurecia SA, Denso Corp., MAHLE GmbH, HBPO Group, Magna International Inc., Hyundai Mobis, Plastic Omnium Group, Samvardhana Motherson Automotive Systems Group, SL Corporation, Valeo S.A., and Montaplast GmbH.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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