Front end modules are built-in modules integrated with several functional components that are used in wireless front end circuits such as Wi-Fi, LTE, GPS and Bluetooth. Automotive front end modules also provide structural stability and function as crash structures during impact to reduce accident impact.
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Industry wide shift towards efficient, aesthetically pleasing and lightweight features continue to influence the growth of the automotive front end module market. With growing 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, evolution of smart automotive front end module has embossed a positive impact its market’s growth on the coattails of increasing proliferation of Internet of Things (IoT). Fact.MR envisages that the demand for automotive front end module is projected to expand at a CAGR of 5.1% during the period of forecast, 2017-2022. Steady adoption of automotive front end module is likely to translate into sales nearly cross US$ 121,000 Mn by end of the assessment period, according to the report.
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, evolution of composites and their acceptance in the automotive sector shifted manufacturers’ focus toward adoption of hybrid systems that are a combination of composites and steel. However, recently, manufacturers are more focused on developing automotive front end modules 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 module.
Emerging Economies to Remain Opportunistic Markets for Automotive Front End Modules Manufacturers
Increasing automobile production in emerging economies of China and India in the Asia Pacific (APAC) has largely influenced the demand for advanced automotive front end modules. Manufacturers of automotive front end modules can expect momentous growth in emerging countries of APAC in the coming years. In addition, stakeholders in the automotive sector have been targeting China owing to its huge economic stimulus. This is expected to auger well for the growth of the Asia Pacific automotive front end modules market in the coming years.
IoT Integration Fuelling Sales of Automotive Front End Modules as Miniaturization goes Mainstream
Miniaturization of automotive front end modules along with integration of Internet of Things (IoT) continues to be on an upswing. Proliferation of smart technologies in automotive sector have enabled stakeholders to invest in 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. Manufacturers of automotive front end modules 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.
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Sourcing Automotive FEMs can Increase Productivity and Profits by a Considerable Margin
Automotive front end module marketplace 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 assembly line, lessen tooling costs, cut down weight of vehicle and enhance working capital. Moreover, 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.
Competitive Landscape
The automotive front end module market includes assessment on various key players. Major companies profiled in the report include Plastic Ominum, HBPO GmbH, MAHLE GmbH, Faurecia SA, and DENSO Corporation, to name a few.
Manufacturers are focusing on introducing innovative cost saving solutions. For instance, HBPO GmbH has introduced new automotive front end module that features innovations and cost saving along with lightweight, enhanced component integration, CO2 reduction and active aerodynamics inclusion. It is using strategic alliance strategy in a bid to expand in North America. Recently, HBPO GmbH initiated a joint venture with Plastic Ominum to add assembly plant in Michigan and aims to double the employment in the region in the coming four years. Plastic Ominum, another major player in the automotive front end module market, is focusing to strengthen its position as a global leader the front end module space. In March 2018, it signed an agreement with MAHLE GmbH to acquire its 33% shareholding in HBPO GmbH joint venture. Plastic Ominum can leverage this to reinforce and speed up the development in smart automotive front end module using HBPO GmbH’s technological expertise.
Table of Content:
Chapter 1. Global Front End Module Market - Executive Summary. 11
Chapter 2. Global Front End Module Market Overview. 13
2.1. Introduction. 13
2.1.1. Global Front End Module Market Taxonomy. 13
2.1.2. Global Front End Module Market Definition. 13
2.2. Global Front End Module Market Size (US$ Mn) and Forecast, 2012-2022. 13
2.2.1. Global Front End Module Market Y-o-Y Growth. 13
2.3. Global Automotive Front End Module Market: Macroeconomic Factors. 14
2.3.1. Economic Outlook. 14
2.3.2. International Policy. 14
2.3.3. Profitability of Enterprises. 15
2.3.4. Increasing Purchasing Power of Middle Class. 15
2.3.5. Complex Eco System. 15
2.3.6. Supply chain Issues. 15
2.3.7. End-user Sentiment. 16
2.4. Global Automotive Front end Module Market impact factors. 16
2.4.1. Autonomous Vehicles. 16
2.4.2. The Influence of China. 16
2.4.3. Dilemma on Shift to New Technologies. 17
2.4.4. Disruption in Traditional Business Models. 17
2.4.5. Rising Component Costs in Developing Countries. 17
2.4.6. Fluctuating Input costs. 17
2.4.7. Shrinking Product Development Time. 18
2.4.8. Adoption of New Mobility Solutions. 18
2.4.9. Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis. 18
2.4.10. Rising Complexity Influencing Greater Emphasis on Platformimg. 18
2.4.11. Innovations in Technology. 19
2.5. Supply Chain. 19
2.6. Cost Structure. 20
2.7. Pricing Analysis. 20
2.8. Raw Material Sourcing Strategy and Analysis. 20
2.9. List of Distributors. 20
2.10. Key Participants Market Presence (Intensity Map) By Region. 21
2.11. Competitive Assessment and Technology Trends in Future. 21
Chapter 3. Global Front End Module Market Analysis and Forecast By Vehicle Type. 22
3.1. Global Front End Module Market Size and Forecast By Vehicle Type, 2012-2022. 22
3.1.1. PC Front End Module Market Size and Forecast, 2012-2022. 22
Continued……………..
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