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Automotive Front End Module Market

Automotive Front End Module Market

Automotive Front End Module Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2021 to 2031

Automotive Front End Module Market
FACT29MR
  • Sep-2021
  • List of Tables : 211
  • List of Figures : 62
  • 170 Pages
  • Automotive

Market Snapshot

According to Fact.MR’s recent study on the global automotive front end module market, the industry is envisaged to expand nearly 2x during the period of forecast 2021-2031. Expected market value by the end of the assessment period is US$ 205 Bn.

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, the evolution of composites and their acceptance in the automotive sector shifted manufacturers’ focus toward the adoption of hybrid systems that are a combination of composites and steel.

Key Points Covered in Automotive Front End Module Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • Assessment by Product Grade / Purity / Formulation Standards
  • Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
  • Certifications and Compliance Requirements
  • COVID-19 Impact on the Automotive Front End Module Industry and How to Navigate
  • Recommendation on Key Winning Strategies

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Consumption Analysis of Automotive Front End Modules from 2016-2020 Vs Market Outlook for 2021 to 2031

As per Fact.MR – market research and competitive intelligence provider, from 2016-2020, the automotive front end module market has been on a constant rise, registering a CAGR of 4%, to be valued at nearly US$ 110 Bn.

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 modules.

Considering these factors, Fact.MR projects the global automotive front end module industry to expand at a CAGR of close to 6% over the 2021 to 2031 assessment period, with an estimated value of US$ 121 Bn by 2022. 

Is IoT Integration Fueling Sales of Automotive Front End Modules?

The industry-wide shift towards efficient, aesthetically pleasing, and lightweight features continues to influence the growth of the automotive front-end module industry. Rising 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, the evolution of smart automotive front-end modules has induced a positive impact on its market’s growth on the coattails of the increasing proliferation of the Internet of Things (IoT). Miniaturization of automotive front-end modules along with the integration of the Internet of Things (IoT) continues to be on an upswing. The proliferation of smart technologies in the automotive sector has enabled stakeholders to invest in the 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. SKY55950-11 is a front-end module (FEM) with an integrated low-noise amplifier (LNA) and pre-filter and post-filter designed for Global Navigation Satellite System (GNSS) receiver applications with output matching components embedded inside the device.

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Can Sourcing Automotive FEMs Increase Productivity and Profits by a Considerable Margin?

The automotive front-end module industry 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 the assembly line, lessen tooling costs, cut down the weight of the vehicle and enhance working capital.

Moreover, the 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.

OEMs are likely to remain an attractive sales channel for the automotive front-end module. ORM channel is expected to largely contribute to the growth of the market during the assessment period.  The aftermarket for automotive front-end modules 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.

Country-Wise Analysis

How will Automotive Front End Modules Fare across North America?

The market for automotive front end modules in North America is projected to witness considerable growth, clocking a CAGR of over 5% from 2021-2031. Growth is reliant on a flourishing automotive components industry, in the face of increased automobile ownership.

Automotive and associated components constitute 20% of total American retail sales- including both new and used vehicles and auto parts. In 2020, the automotive industry in the U.S contributed 3% of American GDP. Due to these trends, demand for automotive front end modules have surged substantially across the continent. Furthermore, increased demand for electric vehicles is further augmenting deployment of advanced module systems.

What are the Growth Trends for Automotive Front End Modules in Europe?

According to the European Automobile Manufacturers Association (ACEA), as of 2015, over 90 million vehicles were produced globally, with Europe accounting for 23.4% of the market share. Germany and Poland are expected to provide maximum growth opportunities to key automotive parts and components manufacturers.

Furthermore, breakthrough of e-mobility is altering the automotive components landscape. As they require different parts, e-vehicles OEMs are searching for potential regional suppliers. Moreover, incorporation of connected systems and AI is bolstering prospects for automotive front end modules in Europe. Fact.MR posits that the market will contribute nearly 40% of global revenue until 2031.

Why is Asia to Remain an Opportunistic Market?

Asia is projected to be the largest revenue contributor to the global market for automotive front end modules through 2031. In the short-run, by 2022-end, the region is likely to surpass US$ 55 Bn in revenue.

Sales of automotive front-end modules are likely to remain concentrated in the emerging economies such as India and China. China, in particular, is expected to cement its dominance in the Asia Pacific excluding Japan's (APEJ) automotive front-end module market owing to the rapidly evolving automotive sector in the country. 

automotive front end module market by FactMR

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Category-wise Insights

Which Vehicle Type will Experience High Demand?

Automotive front-end module sales are expected to remain high in passenger cars, closely followed by light commercial vehicles. In addition, increasing production of passenger cars is expected to offer potential pathways of growth for automotive front-end module manufacturers. 

Moreover, increasing sales of passenger cars and SUVs in the developed regions of Europe and North America are expected to push the aftermarket for automotive front-end modules in coming years. Fact.MR expects the segment to expand at nearly 6% CAGR until 2031.

Which Material is projected to Account for the Largest Share?

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 modules from composite material are likely to account for more than 55% of the overall automotive front-end module industry. 

Acceptance of composites in the automotive sector has witnessed a significant spike with the growing demand for lightweight yet durable products. Moreover, the 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. 

Competitive Landscape 

Competition in the global automotive front end module market is expected to rise, with players focusing on gaining a competitive advantage and increasing their market foothold. Various players around the world are investing in new R&D projects, making joint ventures, and partnerships.

  • In October 2020, Hyundai Mobis undertook a significant investment in Envisics, a UK-based leader in Augmented Reality Heads-Up Display (AR HUD)- a next-generation safety convenience feature which matches driving information with the road ahead in real-time
  • In September 2021, Faurecia S.A acquired intellectual property assets of uMist Ltd., a Swedish startup specializing in biomimetic spray technology, to accelerate its technology leadership for commercial vehicles ultra-low emissions

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Report Scope 

Attribute

Details

Market size value in 2021

USD 115 Billion

Market forecast value in 2031

USD 205 Billion

Growth Rate

CAGR of 5.94% from 2021-2031
Forecast Period 2021-2031
Historical Data Available for 2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Nordics
  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Material
  • Vehicle Type
  • Sales Channel
  • Region

Key Companies Profiled

  • 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
  • Compagnie Plastic Omnium S.A
  • Magna International Inc.
  • Valeo S.A
  • SL Corporation 

Pricing

Available upon Request

Key Segments Covered

  • Material

    • Metal Automotive Front End Module
    • Composite Automotive Front End Module
    • Plastic Automotive Front End Module
  • Vehicle Type

    • Passenger Cars (PC)
    • Light Commercial Vehicles (LCV)
    • Heavy Commercial Vehicles (HCV)
  • Sales Channel

    • Automotive Front End Module Sales via OEMs
    • Automotive Front End Module Sales via Aftermarkets

Automotive Front End Module Market- Scope of Report

A recent study by Fact.MR on the automotive front end module market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering automotive front end modules.

The study also provides the dynamics responsible for influencing the future status of the automotive front end module market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the automotive front end module market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of automotive front end modules across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of automotive front end modules during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative automotive front end module markets?
  • Which factors will impact the growth of automotive front end modules?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the automotive front end module industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for automotive front end modules are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.

Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global automotive front end module market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the automotive front end module market during the forecast period.

Country-specific valuation on demand for automotive front end modules has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of automotive front end modules, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering automotive front end modules has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the automotive front end module domain. 

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the automotive front end module industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

According to Fact.MR, the automotive front end module industry was valued at US$ 110 Bn in 2020

From 2016 to 2020, automotive front end module sales expanded at around 4% CAGR

The global automotive front end module market is envisaged to account for US$ 121 billion by 2022. 

Increasing production of vehicles coupled with the growing popularity of electric vehicles is expected to drive the growth of the automotive front-end module market.

The industry-wide shift towards efficient, aesthetically pleasing, and lightweight features continues to influence the growth of the automotive front-end module market. 

The automotive front end module sales in North America are likely to surge at a CAGR of 5% until 2031

Sales of automotive front-end modules in Asia are estimated to surpass US$ 55 Bn by end of 2022

Europe is likely to generate nearly 40% of the total revenue in the automotive front end module industry

Passenger cars are likely to be the dominant users of automotive front end modules, expanding at almost 6% CAGR

Composite automotive front end modules will be highly preferred, accounting for 55% of global demand

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.