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).
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
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