Automotive Front End Module Market
The market is poised to grow at a CAGR of 5.79% and is expected to touch USD XX billion by 2022. The increasing demand for vehicles and growing concerns regarding passenger and driver safety are driving the front-end module market. Earlier, the front-end modules were designed with heavy steel materials. However, in the recent years, lightweight composite materials like polypropylene, glass mat thermoplastic, long fiber thermoplastic (LFT) and direct LFT are used in manufacturing front-end modules.
Skyworks Solutions of Woburn, USA have designed front-end modules that provide wireless technology for Internet of Things (IoT) applications and GPS-enabled tracking products. Tracking is becoming an increasingly important opportunity as the Internet of Things explosion proliferates and encompasses a wide range of new and previously unimagined applications ranging from smart meters and connected vehicles to security systems. The combination of IoT with front-end module products is expected to propel the market for the latter at a significant pace over the forecast period.
Today, a number of vehicles are launched in the market with front-end modules made of composite materials. The recently launched Hyundai and two small segment cars from Mercedes use a lightweight front end construction that allows for the integration of additional functionality in components, which in turn saves assembly time, reduces costs, and lowers mass. Carriers for all three vehicles make use of injection-molded pelletized LFT-PP.
Automotive Front End Module market has been segmented by the vehicle type (passenger car, LCV and HCV), raw material (polypropylene, glass mat thermoplastic, long fiber thermoplastic and direct LFT), type (steel, composite, hybrid and plastic) and geography (North America, South America, Europe, Middle East & Africa and Asia-Pacific).
Some of the key players in the market are:
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