To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information

I Agree

Automotive Front End Module Market

Automotive Front End Module Market Forecast & Analysis Report by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial vehicles), By Material (Metal, Composite), and By Region - Global Insights 2022-2032

Analysis of Automotive Front End Module market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Automotive Front End Module Market Outlook (2022-2032)

The global automotive front-end module market secured US$ 119 Billion in 2021. As of 2022, the market is anticipated to reach a valuation of US$ 125.04 Billion. During the forecast period of 2022-2032, the market is scheduled to embark on a positive trajectory, recording a CAGR of 5.07% to secure US$ 205.1 Billion.

Report Attributes

Details

Anticipated Base Year Value (2021)

US$ 119 Billion

Expected Market Value (2022)

US$ 125.04 Billion

Projected Forecast Value (2032)

US$ 205.1 Billion

Global Growth Rate (2022-2032)

5.07 %CAGR

Major Front-End Module Providers

  • 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

The automotive front end module market is expanding significantly owing to an increase in the production of passenger and pickup trucks across the globe. The major market drivers include small and light vehicle production, lightweight front end module modularization, and concerns regarding driver and passenger safety.

The rapidly expanding automotive industry and growing adoption of the latest front-end modules by manufacturers are likely to offer a competitive edge to enhance the market growth in the coming time.

Don't Need a Global Report?

Save 40% on Country & Region specific reports

2017-2021 Revenue Analysis of Automotive Front End Module Market Vs. Future Outlook 2022-2032

Growing demand for FEM modularization is a vital factor escalating the market growth. From 2017-21, the market is projected to have recorded a CAGR of 5%. Increasing demand for vehicles and changes in customer preferences in terms of safety measures are likely to have benefitted the market during the aforementioned timeframe.

Besides, digitalization and rising disposable income are other vital factors that have strengthened the market over the past few years. In addition, growing investments by players in the industry are expected to have made a significant contribution to developing the market during the above-mentioned period.

For instance, in October 2020, Hyundai Mobis made significant investments in Envisics, a UK-based player specializing in AR Heads-Up Displays. Such factors are anticipated to have played significant roles in driving the market from 2017-21.

From 2022-2032, the automotive front end module market is expected to display a CAGR of 5.07%. The expansion of the market can be attributed to the growing trend of FEM modularization since modularization helps OEMs save on time, cost, and manpower during the manufacturing process.

Further, FEMs can be added late in the assembly sequence, which assists automakers to boost assembly-line ergonomics by lessening the time taken to assemble and reducing the assembly line. Moreover, the modularization also assists in boosting the fit-and-finish on the vehicle’s front-end by locating headlamps accurately grills, bumpers, and grills in a single package. Thus, the market is projected to secure a positive trajectory during the forecast period.

Automotive Front End Module Market

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

Prominent Growth Drivers Affecting the Automotive Front-End Module Market

Increasing Production of Electric Vehicles to Benefit the Market

The electric vehicle demand is rising owing to the need for addressing future energy demands. The need to achieve a sustainable transportation method plays a vital role in increasing EV demand. The EV market is emerging as an important part of the automotive sector and acts as a significant catalyst toward achieving energy efficiency, along with lessened emissions of pollutants and other greenhouse gasses.

Growing environmental concerns, along with favorable government initiatives are some of the significant factors benefitting the market during the forecast period. Increasing energy costs and growing competition among energy-efficient technologies are likely to propel the market growth in the forthcoming time.

Additionally, interaction among players is expected to augment the market size in the coming time. For instance, in 2019, Mitsubishi Electric Corporation announced that it would acquire the remaining shares of ICONICS Inc., a US-based software firm. ICONICS Inc. is focused on analytics, IoT, mobile, and cloud software products for the manufacturing and building automation market. The initiative will make the organization a 100% subsidiary of the Mitsubishi Electric Group. Attributed to such factors, the automotive front end module market is anticipated to expand significantly during the forecast period.

Growing Demand for Lightweight Automotive Front-End Modules

Increasing demand for lightweight vehicles is expected to offer a conducive environment of growth during the forecast period. Since lightweight auto parts lessen the overall weight of the vehicles and reduce CO2 emission and cost, the market will expand significantly in the coming time.

Further, various governments across the globe have implemented strict emission and fuel economy regulations like BS-VI norms, and corporate average fuel economy. Such restrictions are projected to benefit the automotive front end module market during the forecast period.

Today, instead of heavy steel and iron carriers, lightweight components are used which are responsible for fuel efficiency and boosting vehicle performance.

In July 2020, an advanced integrated bolster produced with a ‘hybrid’ plastic-metal composite technology for the Ford Kuga SUV, is manufactured with steel panels and Durethan BKV30H2.) EF, fiberglass-reinforced nylon 6 from Lanxess, Pittsburgh, Penn. The fully assembled front-end module was developed and is offered by Germany’s Montaplast GmbH, a global system supplied by the automotive industry.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Factors Expected to Hamper the Automotive Front-End Module Market

Rising Safety and Technological Constraints to Hamper the Industry

Increasing safety and technological constraints involved in lightweight fems, increasing vehicle parts modernization, and emerging competitors are projected to be the most significant factors that can hamper the market during the forecast period. Further, increasing counterfeit fem components are expected to be another potential threat to the market growth in the forthcoming time.

However, increasing the launch of new vehicles with front-end modules is expected to counter hampering factors and drive market growth. For instance, in February 2020, Geely Philippines introduced its very own gasoline-electric hybrid technology in its upcoming compact SUV, which will pair with a 1.5-liter turbocharged gasoline engine, supported by a 48-volt belt-starter generator (BSG) integrated into the Front-End Accessory Drive (FEAD) of the engine, a 48-volt to 12 DC/DC converter., a 48-volt lithium-ion battery module and battery management system (BMS), along with a recuperation braking system and a hybrid module control system.

Comparative View of Adjacent Automotive Front End Module Market

Automotive Front End Module Market :

Attributes

Automotive Front End Module Market

CAGR (2022-2032)

5.07%

Market Value (2032)

US$ 205.1 Billion

Growth Factor

Growing environmental concerns, along with favorable government initiatives are some of the significant factors benefitting the market during the forecast period.

Opportunity

Various governments across the globe have implemented strict emission and fuel economy regulations like BS-VI norms, and corporate average fuel economy, such restrictions are projected to offer significant growth opportunities to the market during the forecast period.

Automotive Plastic Market :

Attributes

Automotive Plastic Market

CAGR (2022-2032)

4.67%

Market Value (2032)

US$ 45 Billion

Growth Factor

Growing development in the automotive sector and versatile characteristics of plastics like the resistance to abrasion, thermal stability, impact resistance, and ease of moldability are projected to be the key drivers in augmenting the market size in the forecast period.

Opportunity

The advent of 3D printing in the automotive industry is expected to offer remunerative opportunities to the market in the forecast period.

Automotive NFC Market :

Attributes

Automotive NFC Market

CAGR (2022-2032)

30.2%

Market Value (2032)

US$ 35 Billion

Growth Factor

The automotive NFC market is expected to grow in the coming period owing to the rising penetration of the Internet of Things (IoT), facial recognition, machine learning, big data, and others for upgrading the automotive specifics

Opportunity

The automotive players are offering consumers in-built vehicles personalized features like the infotainment system, lights, setting air conditioning, and target destination, which is anticipated to act as a significant opportunity to the market in the forecast period.

Country-Wise Analysis

How is the Presence of Key Front-End Module Manufacturers in Developing Countries Driving the Automotive FEM Market in APAC?

As per the analysis, the APAC market is anticipated to witness the maximum growth scope during the forecast period. This can be attributed to the presence of key front-end module manufacturers in Japan, India, China, and South Korea.

The market expansion is supported by increasing vehicle production across developing nations along with the increasing focus of several automotive OEMs to offer lightweight vehicles. The China Association of Automobile Manufacturers (CAAM) stated that in July 2022, the PMI of the automobile industry was higher than 52%, which was better than the overall manufacturing sector.

Other than China, India, and South Korea, are also gaining traction due to the presence of big players in the automobile sector such as Nissan. The region is anticipated to display a significant CAGR in the forthcoming time. Thus, the market in APAC is likely to expand notably in the coming time.

How is the Adoption of Advanced Techniques Driving the Automotive Front End Module Market?

As per the study, North America is anticipated to exhibit a CAGR of 4.8% during the forecast period. The rapid development of the automotive front end module market in North America can be attributed to the adoption of advanced techniques by automotive manufacturers.

Players in the region offer advanced solutions in the automobile sector, thus, offering the development of the body control modules market. The growing adoption of advanced body control modules in passenger and commercial vehicles owing to the rising demand for advanced features in vehicles is expanding the market growth.

The U.S is projected to make the maximum contribution to developing the regional market. Increasing initiatives taken by players to make the market more dynamic are expected to benefit the market in the coming time. For instance, in August 2018, FCA announced that its Toledo Machining Plant in Ohio will build automotive power modules like power inverters and integrated dual chargers, which consist of the on-board charger and DC-DC converter, for Jeep Wrangler PHEV, launching in 2020.

How is the Rising Production of Automobiles Developing the Automotive Front End Module Market?

In the region, Germany and Poland are expected to offer maximum growth opportunities to the major automotive parts and components manufacturers. Furthermore, the incorporation of connected systems and AI is boosting prospects for automotive front-end modules in Europe. By the end of the forecast period, Europe is expected to claim 40% of global revenue.

Category-Wise Analysis

Why is Composite Material Dominating the Automotive Front End Module Market?

Growing Demand for Lightweight Vehicles to Favor the Segment Growth

As per the analysis, the segment is expected to account for more than 55% of the global automotive front-end module sales. The demand for the composite material is expected to increase at a rapid pace. Acceptance of composites in the automotive sector has experienced significant growth owing due to increased demand for lightweight and durable products.

What is the Contribution of Passenger Vehicles in Developing the Automotive Front End Module Market?

Increased Sales of Passenger Cars in Developed Regions to Favor the Segmental Growth

According to the analysis, the segment is projected to expand at a CAGR of 6% during the forecast period. The development of the segment can be attributed to the increasing sales of passenger cars and SUVs in the developed regions of Europe and North America.

How are the Emerging Entities in the Global Automotive Front End Module Market Benefitting the Industry?

MotoLink (US), CAPSolar (Canada), iElektron (India), Berxel (China), EPowerlabs (Spain), Autorox (India), and Ramp (India), among others, are some of the emerging entities in the global automotive front end module market.

Competition Analysis

Key players in the global automotive front-end module market include 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, and SL Corporation.

Recent Updates from the Market Include :

  • In December 2020, Hyundai Mobis announced that the board of directors approved the acquisition of the semiconductor division of Hyundai Autron. With this initiative, Hyundai Mobis plans to offer the capability of designing, developing, and verifying semiconductors for vehicles and subsequently differentiate its integrated control technology in the future automotive field.
  • In May 2021, Mother son Group concluded the acquisition of a majority stake in Turkey's Plast Met Group through its subsidiary Samvardhana Motherson Reflectec With the successful conclusion of this acquisition, Motherson Group now has access to the significant Turkish automotive market.

Key Segments Profiled in the Global Automotive Front-End Module Market

  • By Vehicle Type :

    • Passenger Cars
    • Light Commercial Vehicle
    • Heavy Commercial vehicles
  • By Material :

    • Metal
    • Composite
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • Middle East & Africa

- Premium Report Details -

Automotive Front End Module Market
  • FACT29MR
  • Sep-2022
  • Automotive
  • 170 Pages
  • 211 Tables
  • 62 Figures

- Let's Connect -

Talk To an Expert Today Connect

- Get Started -

Get insights that lead to new growth opportunities

Buy Now

Get A Special pricing for start-ups and universities

Enquiry Before Buying

- Humble, Yet Honored -

Our prestigious clients

- Research Methodology -

An Adaptive Approach to Modern-day Research Needs

Get Methodology

- FAQs -

The global automotive front-end module market is expected to have held a value worth US$ 119 Billion in 2021.

The global automotive front-end module market is anticipated to hold a value worth US$ 125.04 Billion by 2022.

The global automotive front-end module market is expected to garner US$ 205.1 Billion by 2032.

The global automotive front-end module market is anticipated to display a CAGR of 5.07% during the forecast period.

By the end of the forecast period, the front-end module market in Europe is expected to claim about 40% of the global revenue.

The passenger segment of the automotive front-end module market is expected to display a CAGR of 6% during the forecast period.

The automotive front-end module market in North America is expected to display a CAGR of 4.8% during the forecast period.

Hyundai Mobis Co. Ltd., Faurecia S.A, MAHLE GmbH, and Denso Corporation are some of the eminent players in the automotive front-end module market.

Exclusive Report

Need An Exclusive Report For Your Unique Requirement?

Google translate