Automotive Front-End Module Market Analysis and Forecast USD 128 Billion Valuation and Growth Trends
The global automotive front-end module market is experiencing significant growth driven by various factors. As per TechSci Research, the market stood at USD 128 billion in 2022 and is anticipated to grow with a CAGR of 4.8% during the forecast period from 2024 to 2028. This report explores the factors contributing to market growth, including the thriving automotive industry, continuous technological advancements, increasing demand for lightweight materials, modular assembly trends, and rising vehicle production in emerging economies. Overview of Automotive Front-End Module Market Market Size and Forecast The global automotive FEM market is poised for remarkable growth, with its value projected to reach significant figures by 2028. This growth is primarily fueled by the increasing production of vehicles globally, coupled with technological advancements that enhance the performance and efficiency of FEMs. The demand for vehicles, both passenger and commercial, is rising, ...