According to Fact.MR, the market for automotive front-end modules is anticipated to grow at a CAGR of 5.1 percent from 2017 to 2022. By the end of the assessment period, sales of vehicle front-end modules are predicted to nearly cross US$ 121,000 Mn based on steady adoption.
A positive impact on the industry has been made by smart automotive front-end modules.
The industry-wide trend toward attractive, lightweight, and energy-efficient features continues to have an impact on the market for wi-fi-based automobile front-end modules. Heavy expenditures are being made in the automotive front-end module market as manufacturers choose to miniaturize their goods in response to rising consumer interest in vehicle front-end modules. Additionally, the expansion of the market for smart automotive front-end modules has benefited from the development of the Internet of Things, which is becoming more and more prevalent (IoT).
Competitive Landscape
The worldwide automotive front-end module market is anticipated to experience increased competition as competitors strive to obtain a competitive edge and expand their market share. Globally, several players are funding fresh R&D initiatives and forming partnerships and joint ventures.
• In October 2020, Hyundai Mobis made a sizable investment in Envisics, a pioneer in augmented reality heads-up displays (AR HUD), a cutting-edge safety feature that syncs real-time driving information with the road ahead. Envisions is based in the UK.
• To advance its technological leadership for commercial cars with ultra-low emissions, Faurecia S.A. purchased the intellectual property assets of uMist Ltd., a Swedish startup that specializes in biomimetic spray technology, in September 2021.
Key Companies of the Automotive Front End Module Industry
- Hyundai Mobis Co. Ltd.
- Faurecia S.A
- MAHLE GmbH
- Denso Corporation
- HBPO GmbH
- Murata Manufacturing Co. Ltd.
- Samvardhana Motherson Automotive Systems Group B.V
- Montaplast GmbH
Sample Copy Is Available for Analysis: Get It Now
More Stories
Ford consolida su lugar como el segundo fabricante de autos eléctricos en América del Norte
New RUPES Machine Polishing Equipment Now Available at UF
2022 UroTuning Gift Guide!