Categories: Automotive and Transportation | Format :
About Report
The report titled “Front End Modules Market - Growth, Share, Opportunities, and Competitive Analysis, 2022 – 2028” offers strategic visions into the global market along with the market size (Value in “US$ Mn”) for historical period 2017-2021 and estimates for the forecast period 2022 to 2028. This study covers in-depth analysis of multiple market segments based on Component, FEM Category and Application Area across five different regions covering 20+ countries.
Key insights associated with forecast factors for market during forecast period 2022-2028 have also been covered. The report also provides impact of COVID-19 on Front End Module market for short, medium, and long term perspective for conservative, likely and optimistic scenario respectively.
Front End Module Market Dynamics
Various factors such as increasing vehicle production, rising demand for products in Wireless Communication, and adoption of 5G are driving the market's growth. Vehicle manufacturing is increasing dramatically over the world. Globally, 79.1 million cars were produced in 2021, up 1.3 percent from 2020. The system is a crucial component of any vehicle's front-end module. The front-end module integrates a variety of components, including radiators, forward lights, air conditioning condensers, cooling fans, crumple zones, grille-opening reinforcement, and hood latches wiring, and provides structural stability to the vehicle while also serving as a mounting platform for these components.
Covid-19 Impact Analysis
Global economies were negatively impacted by the outbreak of COVID-19 in 2020 due to factors such as strict social distancing norms and countrywide lockdowns in various countries around the world. However, front end module reported an overall positive impact. On one hand, the demand for personal computers dropped significantly. As a consequence of the growing need for home-office systems as a result of the work-from-home culture, demand for PCs is expected to decline throughout the projection period. On the other hand, demand for wireless communication infrastructure and equipment rose dramatically. In the years ahead, an increasing number of regional network providers will support multiple development potentials for front-end modules in this area.
Segmental Analysis
Why is Wi-Fi connectivity the major FEM category in the market?
Next-Gen wireless connectivity offers greater efficiency, capacity, and performance. Front end module for efficient Wi-Fi connectivity enables supporting the client in fulfilling the ever-increasing need for more bandwidth and better quality of service in Wi-Fi and Bluetooth.
Why is Consumer Electronics segment expected to grow at the highest rate?
Front-end modules minimize the image response and prevent strong out-of-band signals from saturating the input stages. It is also used for switching between the radio signal and baseband frequency in wireless systems to encode/decode the signals during transmission. Therefore, they are widely used in consumer electronics manufacturing and are gaining traction during the forecast period.
Regional Analysis
North America is expected to dominate the front-end module market during the projected period owing to the growing consumer electronics, automotive, and telecom sectors. The expenditure capacity of the users in the region is greater; as a result, demand for consumer electronics is increasing rapidly. In addition, technological changes in the automobile industry further support market growth. Europe is anticipated to follow the trend after North America.
Competitive Landscape
Key players in the front-end module market have adopted various organic as well as inorganic growth strategies. The front-end module market is seen as a consolidated market, backed by the tier-1 players in the market, who account for more than 50% of global revenue. Prominent players in the market include Murata Manufacturing, Qorvo, Broadcom, Microsemi Company, Skyworks, Magna International Inc., Texas Instruments, STMicroelectronics, Microchip Technology, Analog Devices, Taiyo Yuden, Vanchip, NXP, and Infineon.
Key Segments of Front End Module Market
Table of Contents
Published On:May 2022
Base Year:2021 - 2022
Historical Data:2021
No of Pages:250
Front End Module Market Size, Share & Trends Analy...
RD Code : AT22