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According to a recent market analysis by Future Market Insights, the automotive front end module market size is expected to reach US$ 22.29 billion in value by 2032. A CAGR of 6.3% is anticipated in the market during the forecast period.

Rising prevalence of Internet of Things (IoT) has a substantial impact on the automotive front end module market growth. Due to the expansion of smart technology, stakeholders have also invested in the development of automotive components that help customers stay connected with other users in automobiles.

OEMs are a desirable sales channel for front end components for automobiles. The ORM channel is additionally anticipated to support market expansion. Therefore, automotive front end module market key players should anticipate opportunities by utilizing the OEM channel in order to achieve sustainability and greater profitability.

Request a Sample of this Report:
https://www.futuremarketinsigh....ts.com/reports/sampl

Additionally, the modularization of the product architecture is strongly related to the product design. The FEM modularization is growing in demand, which is likely to accelerate the demand for automotive front end modules.

This implementation is predominantly found in the U.S. automotive industry and is expected to contribute greatly to the worldwide market growth.

Modernizing automotive components, however, can be a significant market-size hurdle. In contrast to fuel economy and emissions, there have been more government mandates and restrictions, which were supposed to open up new business opportunities for the automotive front end module market.

Key Takeaways

The automotive front end module market is likely to have a CAGR of 3% during the forecast period.
The automotive front end module market is currently holding a valuation of US$ 12.13 billion
The automotive front end module market is expected to reach a value of US$ 22.29 billion through 2032.
With an appropriate revenue of 20%, North America leads the gradually expanding global automotive front end module market.
Asia Pacific is anticipated to hold the largest share for the automotive front end module market.
Europe is the second-largest market for automobile front end modules, with a revenue share of 35%.
For more information: https://www.futuremarketinsigh....ts.com/reports/autom
Key players & Startup Contribution

OEMs are putting more of an emphasis on modularization for effective production and vehicle weight reduction to increase fuel efficiency, as well as increased concerns for passenger safety. The main players are concentrating on getting a competitive edge and expanding their market presence.

Mahle Gmbh, Faurecia, Hyundai Mobis, Valeo S.A., Denso Corporation, Calsonic Kansei Corporation, Magna International Inc., Smrpbv, Sl Corporation, Montaplast Gmbh, Wheel Movers (India) Pvt. Ltd., Batsons Industries, Inteva Products, Plastic Omnium, Minda Vast Access Systems Pvt. Ltd., Hanon Systems, Hbpo Group, Aisin Seiki Co. Ltd., Samvardhana Motherson Group, Mitsui Mining & Smelting Co. Ltd., Prabha Engineering Pvt. Ltd, Strattec Security Co., U-Shin Ltd., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile Gmbh & Co., Etc are major players in the automotive front end module market.

Recent Developments

They are a US-based firm that uses V2G communication to create a multi-modal charging network for micro-mobility. They offer intelligent charging hubs with built-in car adapters.
Following the acquisition of Faurecia's Exterior System division in July 2016, Plastic Omnium boosted its automotive FEM market position in the nation.
Officials from Valeo North America stated in June 2017 that they would invest US$25 million to expand their plant in Smyrna, Tennessee. The Smyrna facility expanded 130,000 square feet. to the existing area. The factory creates HVAC goods, as well as active grill shutters and front-end components.
Key Segments Profiled in The Automotive Front End Module Market Survey

By Product Type:

Radiator
Motor
Fan Condenser
Internal Air Cooler
Radiator Core Support
Oil Cooler
Headlight
Front Grill
Front Active Grill
Bumpers
Horn Assembly
Fenders
Hose Assembly
Bracket Assembly
Automotive Air Quality Sensor
Crash Management System

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Baby Oral Care Size Analysis and Key Available at Future Market Insights
During the forecast period, there will be a CAGR of 2.3% in the adoption of baby oral care. The baby oral care market size is anticipated to rise from US$ 1.31 Billion in 2023 to US$ 1.64 Billion in 2033.
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The global Electric Motor Horn Market is anticipated to grow at a robust CAGR of around 5.7% during the forecast period from 2022 to 2032. The global market is expected to be valued at US$ 35.1 Billion in 2022 and reach an estimation of around US$ 56.3 Billion by 2032.

Insights into the Electric Motor Horn Market

Asia Pacific is anticipated to dominate the global electric motor horn market by generating the largest market share during the evaluation period. The growth is also attributed to the increasing production and sales of automobiles across emerging economies including India and China are anticipated to drive growth in the market. In addition to that, surging demand for HCVs on the back of the expansion of the transportation and construction industries is set to aid growth.

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According to India Brand Equity Foundation (IBEF), in FY21, the annual production of automobiles in India was calculated at around 22.65 million between April and October 2021 when around 13 million vehicles were produced in the country. IBEF further mentioned that sales of passenger cars surged by 26.6% in CY21 to 3.08 million units in the country. The trend is expected to continue in the future owing to high disposable income and rapid urbanization, thereby pushing the Asia Pacific market.

North America is expected to remain in the second position on the basis of its share during the projection period. Increasing demand for flat-type horns across the United States and Canada is considered one of the prominent factors that would propel sales of electric motor horns in the next decade.

The growth in the electric motor horn market is expected to propel attributed to the surging awareness among people about the negative impact of carbon emissions on the environment. According to the U.S. Energy Information Administration, electric, plug-in hybrid, and hybrid vehicles collectively held about 11% of the light-duty vehicle sales in the fourth quarter of 2021 in the U.S. Therefore, the ever-increasing demand for electric and hybrid vehicles across North America is likely to fuel the market.

Due to increasing public awareness of road safety, the market is expected to develop due to the increased use of electric motor horns in the automotive sector.

According to Future Market Insights' estimate, the growing production of new cars and the continued expansion of the automotive industry would boost sales of electric motor horns. These are some of the key elements driving the expansion of the global market. One example of a device that effectively transforms electrical energy into mechanical energy is an electronic motor horn.

These horns work effectively to produce noises that are created due to mechanical energy based on electromagnetic principles. These horns are frequently used as alerting devices in vehicles, including trucks, cars, motor vehicles, and buses. In order to prevent collisions and accidents, they also serve as safety devices that can alert pedestrians and different other vehicles to the approach of the car.

Key Takeaways

The prevalence of the increasing number of road accidents in both developed and developing countries all over the world is set to bolster growth in the global electric motor horn market over the projected years. The ability of electric motor horns to effectively avoid collision by altering the surrounding vehicles and pedestrians is anticipated to bode well for the global market.
According to recent reports by the World Health Organization (WHO), every year, approximately 1.3 million people die from road accidents as a result of road traffic crashes globally and more than half of all road traffic deaths are among motorcyclists, cyclists, and pedestrians.
The WHO report further mentions that around 93% of road accidents take place in middle- and low-income countries worldwide. Driven by the aforementioned factors, the global market is projected to grow at a considerable pace in the next decade.
Competitive Landscape

Key industry players in the market are heavily investing in research and development activities in order to introduce cutting-edge products and cater to the increasing demand from customers all around the world. The prominent market players are also concentrating on mergers and acquisitions with various local companies to gain access to their technology, as well as co-develop new products. Meanwhile, a few start-up companies are aiming to raise funds from government bodies for the development of innovative products.

Key Companies Profiled

FIAMM Technologies, L.L.C., Robert Bosch GmBH, MARUKO KEIHOKI Co., LTD., Mitsuba Corp., Shanghai SIIC Transportation Electric Co., Ltd., UNO Minda Group, SEGER Horns, HELLA GmbH & Co. KGaA, Denso Corporation, Wolo Manufacturing Corp., Imasen Electric Industrial Co., Ltd., Roots Industries India Limited.

For more info: https://www.futuremarketinsigh....ts.com/reports/elect

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