Automotive Front-End Module Global Market to Reach $131.23 Billion by 2026 at a CAGR of 6.1% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Automotive Front-End Module Global Market Report 2022: Ukraine-Russia War Impact" report has been added to ResearchAndMarkets.com's offering.

The global automotive front-end module market is expected to grow from $ 94.36 billion in 2021 to $ 103.47 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The automotive front-end module market is expected to reach $ 131.23 billion in 2026 at a CAGR of 6.1%.

Asia-Pacific was the largest region in the automotive front-end module market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive front-end module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Increasing vehicle production is expected to drive the growth of the automotive front-end module market going forward. The growing economy and rising standard of living have changed the purchasing power. While the economic effects of COVID-19 have disrupted the way people live and move around the world, a new way of living is expected to emerge.

With social distancing being the best line of defense against COVID-19, there is a sudden increased demand for personal mobility worldwide. Such a surge in demand for vehicle production leads to increasing production and demand for front-end modules.

For instance, in April 2022, according to a report published by the European Automobile Manufacturers Association, in 2021, 79.1 million motor vehicles were produced worldwide, a 1.3% increase over 2020. Additionally, according to the Global EV Outlook 2021, consumers spent 120 billion USD on electric vehicle purchases in 2020, a 50% increase over 2019. Therefore, the increasing sales have increased the production of the vehicle, which in turn will drive the automotive front-end module market.

Technological advancements are a key trend gaining popularity in the automotive front-end module market. Major companies operating in the automotive front-end module sector are implementing next-generation automotive front-end technologies into their products, such as advanced head lighting systems, advanced automotive HUD, brake assistance, panel technology, intelligent sensors, and others, making automotive applications reliable, compact, safer, and lower cost.

For instance, in April 2021, Samsung, a Japan-based electronics corporation company, introduced PixCell LED, an intelligent headlight system that enhances road safety with adaptive driving beam (ADB) systems. This ADB system improves driver visibility and security, which enhances the overall driving experience at night and in poor weather conditions such as fog or heavy rain.

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Scope

Markets Covered:

1) By Component: Headlight; Front Grill; Radiator; Condenser; Horn Assembly; Oil Cooler; Other Components

2) By Material: Steel; Composite; Plastic; Other Materials

3) By Vehicle Type: Passenger Cars; Light Commerical Vehicles; Heavy Commercial Vehicles

Key Topics Covered:

1. Executive Summary

2. Automotive Front-End Module Market Characteristics

3. Automotive Front-End Module Market Trends And Strategies

4. Automotive Front-End Module Market - Macro Economic Scenario

5. Automotive Front-End Module Market Size And Growth

6. Automotive Front-End Module Market Segmentation

7. Automotive Front-End Module Market Regional And Country Analysis

8. Asia-Pacific Automotive Front-End Module Market

9. China Automotive Front-End Module Market

10. India Automotive Front-End Module Market

11. Japan Automotive Front-End Module Market

12. Australia Automotive Front-End Module Market

13. Indonesia Automotive Front-End Module Market

14. South Korea Automotive Front-End Module Market

15. Western Europe Automotive Front-End Module Market

16. UK Automotive Front-End Module Market

17. Germany Automotive Front-End Module Market

18. France Automotive Front-End Module Market

19. Eastern Europe Automotive Front-End Module Market

20. Russia Automotive Front-End Module Market

21. North America Automotive Front-End Module Market

22. USA Automotive Front-End Module Market

23. South America Automotive Front-End Module Market

24. Brazil Automotive Front-End Module Market

25. Middle East Automotive Front-End Module Market

26. Africa Automotive Front-End Module Market

27. Automotive Front-End Module Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Automotive Front-End Module Market

29. Automotive Front-End Module Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

• Calsonic Kansei Corporation
• Compagnie Plastic Omnium SA
• Denso Corporation
• Faurecia SA
• HBPO GMBH
• Hyundai Mobis Co Ltd.
• Magna International Inc.
• Mahle GmbH
• ValeoS.A.
• Plastic Omnium
• Samvardhana Motherson Automotive Systems Group B.V.
• SL Corporation
• AGS Automotive Systems
• Arkal Automotive
• Inteva Products
• Gestamp Automocion S.A.

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