SEOUL-- April 12, 2022 -- 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. The 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.

The recently published market study by Fact.MR highlights the current trends that are expected to influence the dynamics of the Automotive Front End Module Market in the upcoming years. The report introspects the supply chain, cost structure, and recent developments pertaining to the Automotive Front End Module Market in the report and the impact of the COVID-19 on these facets of the market. Further, the micro and macro-economic factors that are likely to impact the growth of the Automotive Front End Module Market are thoroughly studied in the presented market study.

Smart Automotive Front End Module Has Embossed A Positive Impact on The Industry

Industry-wide shift toward efficient, aesthetically pleasing and lightweight features continues 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, the evolution of smart automotive front-end module has embossed a positive impact its market’s growth on the coattails of the increasing proliferation of Internet of Things (IoT).