Automotive Front End Module Market
Automotive Front End Module Market
The market for Automotive Front End Module was estimated at $115.67 billion in 2024; it is anticipated to increase to $170 billion by 2030, with projections indicating growth to around $236 billion by 2035.
Global Automotive Front End Module Market Outlook
Revenue, 2024 (US$B)
$116B
Forecast, 2034 (US$B)
$221B
CAGR, 2024 - 2034
6.7%
Market Key Insights
- The Automotive Front End Module market is projected to grow from $115.7 billion in 2024 to $221 billion in 2034. This represents a CAGR of 6.7%, reflecting rising demand across Vehicle Crash Safety Integration, Aerodynamic Efficiency Enhancement and Thermal Management.
- Magna International Inc and DENSO CORPORATION and MAHLE GmbH lead the market as major players who determine its competitive dynamics.
- U.S. and Germany are the top markets within the Automotive Front End Module market and are expected to observe the growth CAGR of 4.4% to 6.4% between 2024 and 2030.
- Emerging markets including India, Brazil and Indonesia are expected to observe highest growth with CAGR ranging between 7.7% to 9.2%.
- The market for Automotive Front End Modules will experience a $15.1 billion growth boost through 2030 because of the transition toward lightweight module development.
- The Automotive Front End Module market is set to add $106 billion between 2024 and 2034, with manufacturer targeting Composites & Plastics Product Type projected to gain a larger market share.
- With Growing demand for lightweight vehicles, and Continued advancements in technology, Automotive Front End Module market to expand 91% between 2024 and 2034.
Opportunities in the Automotive Front End Module
The rise of self driving cars and the growing need for systems incorporating sensors for different radar and LiDar technologies is set to transform the automotive front end module industry. The shift towards vehicles requires a total revamp of front end modules which presents ample prospects, for manufacturers.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Growing Demand for Lightweight Vehicles, and Emerging Economies and Growing Urbanization
Restraint: High Production Cost
Opportunity: Light-weighting and Sustainability and Electric Vehicle Revolution
Challenge: Technological Complexity and Need for Skilled Workforce
Supply Chain Landscape
Raw Material Suppliers
ArcelorMittal
Thyssenkrupp AG
Component Manufacturers
Denso Corporation
Faurecia SA
Module Assembly & Testing Providers
Magna International Inc.
Hyundai Mobis
OEM Integration
Ford Motor Company
Toyota Motor Corporation
Raw Material Suppliers
ArcelorMittal
Thyssenkrupp AG
Component Manufacturers
Denso Corporation
Faurecia SA
Module Assembly & Testing Providers
Magna International Inc.
Hyundai Mobis
OEM Integration
Ford Motor Company
Toyota Motor Corporation