Automotive Front End Module Market is Expected to Achieve USD 205.1 Billion at a CAGR of 5.07% by 2032

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Over the course of the forecast period, the Automotive Front End Module Market in North America is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 4.8%. The rapid progress in this industry is attributed to automakers implementing cutting-edge methods.

Global Expansion of Automotive Front-End Module Market The global automotive front-end module market achieved a valuation of $119 billion in 2021. By 2022, it is expected to surpass this figure and attain a valuation of $125.04 billion. Over the forecast period spanning from 2022 to 2032, the market is set to exhibit a consistently upward trend, with a projected Compound Annual Growth Rate (CAGR) of 5.07%. This trajectory is expected to culminate in an estimated market value of $205.1 billion.

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One overarching goal that is evident in the dynamic automotive scene is the pursuit of lighter, more efficient automobiles. With the global shift toward more fuel-efficient and environmentally friendly modes of transportation, automakers are emphasizing the importance of reducing vehicle weight in order to maximize performance and efficiency. Leading the way in this revolutionary journey is the vehicle front end module market, which has seen a significant increase in demand as manufacturers place a premium on lightweight solutions.

Taking Care of the Weight Issue

Heavy metal front end modules, which include the grille, bumper, headlights, and other parts, are a common feature of conventional automobiles. However, a vehicle’s overall weight can be greatly impacted by the enormous weight of these parts, which can have an adverse effect on environmental impact and fuel efficiency. Automakers are responding to these problems by implementing lighter solutions more frequently in order to satisfy customer needs and comply with strict environmental laws.

The Development of Compact Solutions

A primary reason behind the expanding need for lightweight front end modules is the increasing prevalence of electric vehicles (EVs). Lightweight construction is essential to EVs in order to maximize battery efficiency and increase driving range. As a result, manufacturers are replacing bulky steel parts in front end modules with materials like aluminum, polymers, and sophisticated composites. These lightweight materials maintain structural integrity and safety while effectively lowering the total weight of the vehicle.

Environmental Aspects and Fuel Efficiency

The search for lightweight alternatives is consistent with automakers’ goals of improving fuel economy and lowering carbon emissions. Lighter cars use less fuel and emit fewer pollutants since they require less energy to run. Automakers are under tremendous pressure to achieve environmental standards due to the strict emissions rules implemented worldwide. In this endeavor, manufacturers are able to lessen the carbon footprint of their vehicles with the use of lightweight front end modules.

Competitive Environment

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 are some of the prominent companies in the global automotive front-end module market.

Current Market Developments: The board approved Hyundai Mobis’ acquisition of Hyundai Autron’s semiconductor division in December 2020. By taking this calculated risk, Hyundai Mobis will be better equipped to design, develop, and test automotive semiconductors, improving its integrated control technology for use in future automotive applications.

Through its subsidiary Samvardhana Motherson Reflectec, the Motherson Group successfully completed the acquisition of the majority share in Turkey’s Plast Met Group in May 2021. Through this transaction, the Motherson Group broadens its global reach and leverage by gaining access to the substantial Turkish automobile industry.

Important Market Segments for Automotive Front-End Modules Worldwide

  • 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

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Lightweight solutions are at the forefront of innovation in the extraordinary development of the automobile sector. The design, manufacture, and operation of vehicles are changing as a result of the growing demand for lightweight front end modules. The automobile front end module market is expected to be very important for the future of the industry as automakers endeavor to satisfy the needs of environmentally conscious consumers and strict environmental regulations.

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